What are some common money making scams? Nowadays money making scams can be found just about everywhere, on the internet, job placement ads, craigslist, social networking sites, the yellow pages, etc. This article will enumerate some of the more common types of money making scams nowadays. In the end the reader should be able to understand what are some common money making scams.

What Are Some Common Money Making Scams: Pyramid Scams

A pyramid scam works by luring gone person to sign up, usually by paying a small fee and either requiring additional payments for higher interest rates or requiring the person to recruit friends and family members. Usually one person is required to sign up at least 2 persons. These two persons recruit 2 persons each and they in turn recruit 2 persons each and the pyramid goes on and on.

What Are Some Common Money Making Scams: Nigerian Letter Scam

You get a letter or an email from a government official, lawyer, doctor or any other professional begging you to help them transfer huge sums of money out ofNigeria. They make money two ways. One they raid your account by using the account details to pretend to be you and second they require you to deposit money to them for processing.

What Are Some Common Money Making Scams: Holiday Scams

You get a letter or an email that you won a holiday cruise, all you have to do is attend a glitzy awarding ceremony at an expensive hotel. You are then pressured into signing the back of an exhaustively huge amount of paperwork. After signing do you realize that the free holiday has a lot of fees, expense charge, taxes or worst only has a one way ticket or provides for only half of your cruise ship accommodation.

What Are Some Common Money Making Scams: Work At home Scams

These scammers promise you online employment while working at home. The problem is you have to pay what they consider a small amount of money, usually less than a hundred dollars to sign up. The catch is that the manual is actually a do it yourself manual on how to find work on the internet.

What Are Some Common Money Making Scams: Foreclosure Aid

This type of scam is especially devious because it targets individuals who are desperate and about to lose their homes. They call you up, tell you they can help you keep your home. The catch is you have to pay them an upfront fee. At this point you should already be on the alert. Because the law does specifically prohibits up front charges no matter how they are called. And they are called by different names.

What Are Some Common Money Making Scams: Lottery Scams

You receive a call that you won a lottery prize or a car or even a house and lot. However you do not recall joining any lottery. The catch is you have to pay a “small amount” before your prize is released to you. Repeat after me “If it is too good to be true and if you have to pay money to get the prize then most probably it is a scam”.