Fairy Tale BUSTED

Get rich quick schemes all have the same promise... a high return in the shortest time. Sounds great and might even look great on paper. But is it really?

Fairy Tale BUSTED - Get Rich Quick schemes... Don’t Work!

What are the key ingredients? Fantastic opportunity, invest money for a high return quickly. Perfect! Who doesn’t want to be a millionaire?

In most cases, the only people getting rich are those at the top of the ladder. Most get rich schemes are modelled on the pyramid or ponzi schemes.

Small business owners are targeted as Entrepreneurs. A picture is painted of ‘you can be the next Richard Branson’. Nice…

Your get rich quick package will include lots of great information on how to get you from ‘scraping by’ to ‘jet-setting around the globe’. Your Mentor is already living that lifestyle and you can too. Sounds fantastic!

You are invited to a free local information session where everyone is pumped up and excited. There is a dynamic charismatic presenter and a “live” feed (on screen) to your international mentor. Exciting $figures are shown that you can achieve in a short time using this program. Not many details yet, but it is exciting.

How do you get rich quick? By inviting family, friends and anyone else you can get along to an information session. Yes, you are reselling this same concept. Your product is an information session and this is your path to wealth. Potential earnings are from a percentage of each person signing up and could include a percentage of their signups (pyramid structure).

Let’s talk money. How much will it cost you to invest? These opportunities vary from a small $500 up to $10,000 or more.

Case Study - Real story. I knew a person who invested $10,000 in a get rich quick scheme just like this. End result, he lost the lot. What did he get out of it? A folder of great business entrepreneurial information, a few CDs and a clone website. All this information was available online for FREE.

Try this option instead –

Keep that $10,000 in your pocket. Join business networking groups local and online. If you are still searching for a business idea that will tick all the boxes - engage a business or life coach.

Once you have a plan for your business, that $10,000 will come in handy setting up your business for success. Keep networking. You have established contacts already who may turn into your first customers.

In the race to Get Rich Quick -vs- Plan for Success, which do you think will win? While there are a few overnight success stories of those who ‘got rich quick’, they are few. Many successful business people like Richard Branson, got there on hard work.

Richard Branson in an interview with LinkedIn Executive Editor Daniel Roth, said what made him so successful was enormous amounts of luck; working during the day, night and weekends; and moving quickly.

Ultimately, how well you succeed in business comes down to one person – YOU; and of course hard work. There is no easy and quick road to riches.

Start first by exploring your options and joining supportive networking groups. Then let’s see where this wonderful journey takes you.

Sources –

LinkedIn Interview of Richard Branson with Daniel Roth www.linkedin.com/today/post/article/20130107170628-29092-want-to-be-richard-branson-heres-his-secrets-to-success ScamWatch – www.scamwatch.gov.au

Helen Dayman - Editor - WAHP Business Australia