"Not every side hustle is what it appears to be. You might come across some that look like simple ways to make extra money, but are actually designed to take money from you. They often use words like "freedom," "residual income," or "work from anywhere," but the real goal is getting you to recruit others. You pay upfront, share big promises, and then try to earn by bringing more people in instead of doing something useful."
"These setups are pyramid schemes. Here are the most common traps hiding behind the hustle. Multi-Level Marketing Companies Credit: Wikimedia Commons MLMs, such as Amway, Herbalife, and Monat, claim to offer business opportunities but are structured in a way that most participants earn little or nothing. A 2011 report from the Consumer Awareness Institute found that over 99% of MLM recruits lose money. The real profit comes from recruiting others, not selling products to outside consumers."
Many advertised side hustles extract money through recruitment and upfront fees rather than legitimate sales or services. Common traps include multi-level marketing companies where most participants earn little and profit comes primarily from recruiting; envelope-stuffing offers that require payment for instructions that merely perpetuate the same ad; cryptocurrency referral schemes that pay for recruiting investors rather than building real market demand, exemplified by OneCoin's $3.8 billion fraud; and online academies that monetize access tiers, coaching calls, and affiliate links so the school becomes the main product instead of student success.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]