How to Spot a Scam

If the offer sounds too good to be true, then it most likely is not as it seems. A few key indicators are obvious signs of a scam. The terms of the proposed agreement are lopsided; in favor the party presenting the offer. The agreement contains ambiguities and open-ended statements that can interpreted in numerous ways. The party initiating the offer is eager to begin the process.

To uncover an unscrupulous job offer, be wary of extended payment dates. If remuneration is monthly or based on unclear duties, then the work done might not be compensated. Also, look for reviews on the employer (by full name) and reviews on the company online. See what is being said about the company by customers and former employees. If customers are writing posts that indicate that they were not provided with the service for which they paid, then it is likely that the company is also not fair with paying their employees.

To discover an unreliable business proposal or company that does not fulfill its commitments, ask for references. If the company does not have any, then this is a clear signal that they do not have customers who can recommend their services. Also, consult with other businesses in the same industry and find out what they have to say about the specific organization. Competitors are a great reference. Even though they are in competition, they will likely not make inflammatory statements, which cannot be substantiated. Also, if a competitor offers an endorsement, then it is likely that it can be relied upon. For impartial reviews of businesses, consult your local business bureau. Their reviews can be found online and are usually accompanied by a letter grade from A+ through to F.

When communicating with a potential colleague, to be sure that they are sincere, ask for all specifics to be written. This way all points can be referred to during negotiations. If a potential business partner is ambiguous about the work to be completed, compensation, timelines, deliverables and varies the requirements of the projects details, then perhaps, they are not a good commercial associate. Sometimes inconsistency in communications is a polite indication that one party does not wish to communicate.

If a deal seems to good to be true, then it probably is not legitimate. Request all details of a deal in writing. Take time to thoroughly review any proposal before committing your money or services to anyone.

Originally posted 2013-04-19 20:03:01.

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