The Best Advice on NOT Becoming a "Bernard Madoff" Home Business Victim By Daniel Herzner At Isnare.com Ezine Articles

The hardest thing for people to deal with when they're victimized by a scam is the feeling of being violated and used. Yes, any loss of money resulting from having been taken by a scam artist is a bitter pill to swallow, but that feeling of helplessness is the hardest thing of all to deal with.

I've read the firsthand accounts of many of Madoff's victims and they uniformly say the same thing: knowing that they were getting blindly ripped off year after year is what really made the scandal so heart wrenching.

So what does all of this have to do with a home based business? Truthfully, a lot. Now I'm a big advocate of the Network Marketing industry because it is by far the most popular model folks use to build home business success. So, for the purposes of this discussion, we will keep our focus on how to build an MLM business while not being victimized by a scam.

There are more Network marketing opportunities available today that at any other time in history. The market is ripe for folks to enter into a home business of their own in response to today's economic turmoil. But, just as the popularity of Network Marketing rises, so also do the number of scams that masquerade as legitimate opportunity. It is up to you to make sure you're not violated by the "Bernard Madoffs" of the MLM business arena.

To do this, just take a look at how Madoff operated. If you find somebody pitching a home based Network Marketing business opportunity in the same way then you've gotta raise some major red flags.

For example, look at how secretive Madoff had been over the years. Many of his victims had placed millions and millions of dollars with his firm yet they knew very little about the man and how he actually operated. For all that time he kept himself hidden as the man behind the curtain.

Lesson: make sure whoever it is you choose to build a home business with is transparent. Make sure, for your own safety and security, that you are easily able to learn as much as you can about the person and they do not keep themselves hidden behind a fancy web site or an automated 800 number.

Bernard Madoff had constructed a classic pyramid or "Ponzi" scheme. After the dust had settled, it was evident that there was zero substance to his operation. For all the money that was coming in to his firm, there was zero going back out.

Lesson: for a Network Marketing business opportunity to be legitimate, there should be a tangible product involved.

There've been many an MLM company broken up the government because underneath a fancy looking surface, there was no substance to the opportunity. If the only commissions paid by a company are based on selling, say, a replicated web site with no real product involved then it's sketchy at best. You can ensure yourself that a company is on the up and up when quality goods are provided in exchange for the money they're taking in.

The point here is that a good dose of skepticism on your part when learning how to become successful in Network Marketing will go a long way in not falling victim to a scam. Of course, up front education before jumping into anything can only work to your advantage.

Luckily, the internet offers numerous opportunities whereby folks can educate themselves on how to properly get involved with a home based Network Marketing business. Best of all, much of the information found on the topic is free and it's good quality.

By the way, any legitimate ambassador of the Network Marketing profession freely gives away information on the industry. That right there will tell you whether or not you're dealing with somebody worth your time.

Here's the bottom line: there is no better teacher than history. And recent history has taught us – all of us – that scam artists come in many different shapes and sizes. And ultimately, it is entirely up to each of us, individually, to watch out for our own best interests. Nobody else will do that for us.

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