Make Money Scams Don't Work? No - You Don't

Are Make Money Scams Your Fault?

Make money failure?

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If you toss a coin 100 times and it comes down
heads 99 times, does that prove that it is a two-
headed coin?

Match Your Abilities

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You have heard that if you invent a better
mousetrap the world will beat a path to your door.

Imagine that you sell your invention together with
full manufacturing and selling rights to 100
people. One make money purchaser is soon a
millionaire because of your invention. The other
99 people clamor for their money back. It didn't
make money for them therefore it must be a scam.

They must be right. As with the coin toss 99
times out of 100 proves that it is a scam and
nobody can make money.

My Failures

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Inkjets: I bought a kit to make money
by refilling inkjet cartridges. I had big plans
about expanding my business once it could make
money big time. I would set up a van, and drive
round the country businesses in Western Australia,
and make money refilling their cartridges each
week.

Or I might even be able to drive into the
parking lot of some local manufacturers who had
hundreds of inkjet printers operating, and refill
a couple of hundred cartridges before driving on
again. Think how I could make money then!

My main abilities are technical, which suited
refilling the cartridges.

My main lack of ability is in salesmanship. The
business failed. I only made a few hundred dollars
out of it over a period of several years.

Was the idea a scam? No. I am a bad salesman.
Others do make money this way, and very good money
too.

Translation: Next I bought a make money idea to
become a translator. This was great. I sailed
through my translator's exams and joined two
professional organizations.

But the work didn't come in. I didn't make money.

It turns out that not all translation is equal to
make money. If you can translate from English into
the language of a new third-world market that
manufacturers want to open up you can make money -
large dollops of it. The manufacturers are happy
to help you to make money so that they can make
money in larger quantities.

However, if you translate into English as I do,
then the manufacturers are in the third-world
countries. That means that they can't afford
quality translators. They will always go for the
cheapest work from their own country where slave-
labor fees are charged. It doesn't matter that
English is not the native language of the
translator. The manufacturer can't afford to help
you make money by going for quality.

I only made money of a few thousand dollars over
two years.

Make Money Scams

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Of course, there are make money scams like the one
about getting money out of Nigeria. You can often
recognize this type of scam by

1.If it sounds too good to be true it probably is.

2.Money making scam merchants like it to be barely
legal. That way you won't want to complain about
them to the authorities.

3.No work needed. If it needs no work to make
money, why do they want your help?

Make Money from Services

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In the examples I gave above I was trying to use
my services to make money.

You will almost always make some money - even if
you are a hopeless salesperson. The only trouble
is that you may make money that is too little to
interest the tax man. It is embarrassing when the
tax man returns your money with the comment that
it is a hobby not a business to make money!

But suppose that you are a brilliant salesperson.
In that case can't you find better ways to make
money than working hard? OK suppose you are a
mediocre salesperson. You have found a service
where word of mouth soon brings you so much work
that there aren't enough hours in the day for it.

That is the big problem. Why do you want to make
money? To get freedom? Then why are you working 70
hours a week on your business to make money? What
kind of freedom is that?

One way is to sell the business for a large sum of
money and then build another, and sell that to
make money.

Automated Income

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This is the best way to make money. You don't make
money with no work. It takes a lot of hard work to
set up the automation. But it is cumulative like a
rolled snowball. The hard work you do today will
make money for you tomorrow and next year and...

Grasp Opportunity

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I had the chance recently to buy into a business
that needs my technical abilities and needs no
salesmanship to make money. I grabbed the chance.
You can't get in - the offer was only open for 24
hours. If you are too skeptical then when
opportunity knocks you will miss your chance to
make money. Fortunately I already had experience
of working with the vendor, so my skepticism was
low.

How To Match Your Abilities With the Opportunity

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It's only logical. If you want to match the
opportunity to your abilities you want to have as
many opportunities to choose from as possible. So
I've gathered a range of articles by many authors.

Don't be brainwashed by just one author, but
please, don't ask for a refund just because a way
to make money doesn't work for you. Unless it is a
scam like the one about helping to get hundreds of
millions of dollars out of Nigeria then the fault
is probably your own.

One man who became filthy rich from the internet
says that he expects 15 out of 16 of his projects
to fail. He starts banking his ongoing income from
the sixteenth project, then moves on to the next
sixteen.

Ian McAllister wins some and loses some but is always looking for new ways to make money. Visit his new site packed with ideas to make money.