Despite the fact that we would like to think that the Internet is a safe place where you cannot be scammed. Money Making Scams are all around us and it’s always a good idea to do a “reality check.”

Here is an average how much money is being scammed. here

Our most valuable personal information can be easily stolen by malicious actors who target us as human targets. It is easier now than ever before for criminal minds to come into the private lives, homes, and offices of individuals. Our options are limited when it comes to getting control over it.

A variety of tools and tactics are used in attacks, ranging from traditional attack vectors that make use of malicious software and application vulnerabilities (including the Windows operating system itself) to ingenious phishing scams operated from far away regions, where justice cannot easily reach them.

As shocking as it may seem, millennials are more vulnerable to online scams than seniors, according to a report from the Federal Trade Commission (FTC). According to a study, 40% of people who reported these frauds and ended up losing money age between 20-29.

Therefore, we must know what the most popular malicious methods are for accessing our financial data and private information. We must not forget that their ultimate goal is to steal our money and that they will do anything to do so. In this article, we will discuss some of the most popular scams that are currently happening online. The purpose of this article is to spread awareness among people so that they can save themselves from these scams and can protect their money from getting wasted.

6 Common Money Making Scams

Work-At-Home Scam

It is one of the most common scans that is happening online currently. If you use the Internet on a regular basis, you must behave seen this ad saying “Make money online from the comfort of your home” or something similar. A lot of people fall into this trap and end up losing their money and wasting their time. You need to think logically. It if was that easy to make money online from your home, then wouldn’t all of us be working from home?

Let’s explain to how this scam works. When you are surfing the Internet, an ad will pop up on a random site in which they will be providing you an opportunity to make money by working from your home. Some of them will claim that you can make a six-figure income from your home easily by doing nothing.

Now, who doesn’t love easy money? Many people fall into their trap out of greed, and when you contact them, they will present you with a business model and will give you a briefing on how things work. But they will ask you to register with them first, for which they will ask you to pay some money as a registration fee. They will even show you some testimonials where people are making thousands of dollars. When you pay the money, you won’t be able to contact them again. As they hide their identity, and you don’t know who they are. You won’t be able to take any action against them, and your money will be gone.

Online Money-Making Scams

Investment Scams

Investment scams have been very popular recently in the online market. This scam is very similar to the make money from home scam. But the difference here is that scammers will try to convenience you to invest your money in a program where you can double your investment in just a few days by doing nothing. Just like the make money from home scam, they will present you with a business model, a company, and their testimonials.

They will also provide you bonuses when you invite your friends from your referrals and convince them to invest money. Sooner or later, they will vanish, and they will take all your money. You won’t find any trace of them on the Internet, and you won’t be able to do anything about that.

Crypto Scams

A big scam going on right now is Crypto Currency scams

Freelancing Scams

Freelancing scams are quite new in the market, and most people aren’t aware of these scams. There are many people out there that earn their money through freelancing. Freelancing is a huge field, and there are a lot of freelancing websites out there where you can work and make money. What scammers do here is they will text you are saying that they want to help the poor people in your country, and they want to send you money and ask you for your personal details. If you fall for their scam, then they will use your personal information for a variety of purposes that may be harmful to you.

Another scam that is common on freelancing sites is, if you are a freelancer, then you will receive a message from a scammer saying that he wants to pay someone in the local bank from your country, but there is no payment gateway available. So, he will ask you to pay someone in their local bank account, and in return, they will place an order on your profile with some extra amount. They will even place the order to get your trust. Once you make a payment to the local bank account that they will provide, they will cancel the order then and will block you. You will lose your money and won’t be able to do anything about it.

Pyramid Schemes

The scam is known as pyramid schemes because, in this scam, you are forced to participate in a program and pay money for it. Then you have to make your referrals and invite your friends to join from your link, and they will also pay the participating fee, and each one of them will then have to further invite their friends, and the chain goes on. You are promised that when you have certain referrals on your profile, you will start getting money on a regular basis, but then one day, you find an email that your account has been terminated or something like that. All your money is gone, and you won’t be able to do anything. The same thing will happen to others sooner or later, and the scam goes on. There are plenty of websites out there that are doing this type of scams, and a lot of people fall into these scams easily.

5. Ad Posting and Survey Jobs

Most people that are looking for an online job fall for these scams. An ad will be displayed on your screen saying that “Make money by taking surveys” or “Earn Thousands of Dollars by Watching ads.” These types of ads are very common on the Internet these days.

These scams have become so popular that many people already know about them, but still, there are people that fall for these scams and end up losing their money. Like other scams, they will ask you to create an account and pay the registration fee or deposit a fixed amount as a security fee. You are promised that you will get money for watching ads or taking surveys. Even you will see the money growing in your account, but when it comes to withdrawing the money, you will be asked to invite a certain number of friends and make them join the platform. Even if you invite the specified number of people, your account will be terminated due to a fake reason, and you will get nothing.

Final Note

These are some of the most common make online money scams happening these days. So, it is very important to verify the identity of a company or person before you make any investment online or make a deal with someone