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A lot can be said about online investing. An important question is, if we can really call it investing at all. I like to try out different programs on the internet to try and make some money BUT no matter how well a program is performing so far, and no matter how convincing they seem to be, I basically treat all programs as GAMES. In the end, we are handing our money to strangers, without knowing if we will ever get it back. A promise does not mean very much once a site disappears, and nobody knows where the admin lives or went.
Having said that - there are ways to come out ahead in these games. I will share some of the lessons I have learned over the years with you.
This is what I do when I come across a new program or someone sends me a link to check out a new program. (The program will be new to me, it may very well have been around for a while.)
1. I (try to) find out who is running the program and what their prior experience in the field is (or in off line investing).
If I cannot find out who the admin is (or the name does not mean anything to me and others in this business) I may put in a test spend but probably not.
2. I ask how they (intend to) generate profits for their members. (This information may be listed on the program site.) If the only source of income is fresh member deposits (or if they cannot answer your question, which basically means the same thing) - do not join!!! These programs are extremely high risk games and even if you do manage to get out with a profit, your profit will mean someone else’s loss.
(I will admit I do join the occasional game, but only if I feel it will last a while. Once I think the end is near, I stop advertising my link for it. Not recommended for newbies!)
3. I check the bigger forums (usually MMG) for a general idea of how others are experiencing the program and the customer support. Often the admin will post in these forums too so I can see how they conduct themselves in a forum. If the program is not being discussed anywhere, I wonder why and will probably not make a spend. Some programs have a members only forum but those are usually also discussed outside the member forum.
4. My first spend will depend on how highly the program was recommended to me and by whom. I have come to know some very well informed people in this online business over the years and I trust their judgement. Usually when I join a site that was recommended by a friend “in the know”, I do better than when I join a site that I found in a surf rotator for instance.
5. Private programs are the best ones in my book. When a program does not allow new members to join (or does allow new members but does not have a website / does not allow advertising) you can be certain they are doing something to generate profits, because fresh deposits are so limited.
6. I still make mistakes too! This is why the follwing basic rules are so important.
In all cases a few basic rules apply:
A. only spend what you can afford to lose or be without for a longer period of time without losing any sleep over it!
B. take out your seed money as soon as possible and continue with profits only.
C. flashy site design means nothing!
D. the higher (more improbable) the promised return, the more dangerous the program
E. beware of hyped up advertising and massive bonuses
(indicates the program needs money)
F. never count of referral commissions or matrix spill-over for profit;
if the program is not good enough without commissions, it is not good enough period. It only means they want you to advertise madly so they will have more deposits.
G. diversify into a few different programs
so you will not be fully dependent on just one program or admin. On the other hand, don't spread your funds out too thin. It will take forever to see some returns that are worth sending home if you do.
When things are going well in a program, it is very tempting to keep on building your account level without taking anything out. Taking out funds would mean your account would grow slower. Still, taking out your seed money is the only way to be absolutely certain you will not lose any money! Be smart, not greedy.
It can also be tempting to start off with a big amount right away. Again, you are risking the entire amount because it will take time to recover your deposit and the program may have stopped paying by then! Do not spend your milk money, thinking you will have it back soon.
Matrix programs - or programs containing a matrix structure - usually promise you the world. If you join under so-and-so, who is a massive recruiter, your downline will fill up without any effort and you will rake it in ............ Yeah, sure, right. Not! The only ones profiting from a matrix are the ones at the very top.
Some programs have subscription fees in the shape of a matrix. This is fine, as long as there is a solid program to subscribe to. Make sure it is worth the monthly fee and do not count on any matrix earnings at all! If you do get some, it will be a nice extra.
This page may evolve as I add or correct things. Please feel free to send me your own wise lessons or intelligent questions, so I will be able to use them to perfect this “Online Investing 101” for you!
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