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This is an example of business opportunity list. This document is useful for studying business opportunity list.
Be careful: ‘Net-based business opportunities Some companies selling Internet- of Consumer Protection has Scam Pitches related business opportunities are received complaints from consumers trying to cash in on the Web’s who say that promises made by Scam artists use many different potential using questionable some of these companies were methods to pitch a variety of business practices. Don’t let them not kept. What’s more, consumers business opportunities. Here are a fool you. Although the Internet has who signed up for credit card few examples: vast commercial possibilities, processing equipment at these every entrepreneur who buys into seminars allege they had difficulty “Company A” says consumers an online ”opportunity” doesn’t canceling the lease, after they can earn big money by automatically find a pot of gold at were told in the sales presentation providing access to the Internet. the end of the rainbow. that they could. The company leasing the credit card equipment The pitch: Sell machines or kiosks “Earn big bucks selling says the contract states that that provide walk-up Internet Internet-related leases are not cancelable. So access, for a fee, in public places products or services!” some consumers have been stuck like airports, upscale hotels and paying $65 a month or more for shopping malls. Consumers spend You’ll see a variety of Internet- years. thousands of dollars for the related business opportunities machines, which the company promoted in many places including Consumer Protection advises promises will generate “amazing” infomercials, classified ads, in would-be business people to earnings. What’s more, the major newspapers and magazines, consider shopping locally for help company promises plenty of telemarketing, trade show in establishing Internet related profitable locations to place the presentations, seminars and direct businesses or web sites instead of machines. mail solicitations. Some companies dealing with out-of-state companies target individuals who are not operating out of hotels. That way if The problem: Rather than at the technologically savvy. In fact, something goes wrong, they can high-traffic locations the scam many pitches appear to take resolve the matter in their own artists promise, the machines are advantage of an entrepreneur’s community. placed in bars and pizza joints. “Internet innocence.” Consumers can’t possibly make In Wisconsin Consumer Protection also advises the earnings they were guaranteed. consumers not to sign contracts Out-of-state Internet business for credit card processing equipment “No computer opportunity companies have been until you are reasonably sure you experience or sales holding seminars at hotels will be utilizing the equipment for experience necessary!” throughout Wisconsin. The Bureau the length of the contract. (over) “Company C” advertises that business opportunity owners the company know you plan to consumers can earn more than in person to reduce the risk of notify law enforcement and other $150,000 as “Internet being misled by “shills” officials about your experience. consultants.” people paid to give favorable Keep a record of your conversations reports. Never rely solely on and correspondence. If you send The pitch: Sponsor free seminars the promoter’s list of references documents to the company, make to teach consumers how to “make because it may contain shills. sure you send copies, not originals. money on the Internet.” Send correspondence by certified • Demand to see the company’s mail and request a return receipt The problem: The seminar really claims in writing. In fact, get all to document that the company is a high-pressure sales pitch for promises in writing. received it. Company C’s Internet yellow pages or Internet malls advertising • Ask for a disclosure document. If you can’t resolve the dispute business opportunities. The Most business opportunities with the company, several company promises to deliver are required to provide one, organizations may be able to help Internet and sales training for a under the FTC Franchise Rule. you. Check your phone book for fee of several thousand dollars. The disclosure document the complete names, addresses, Consumers hoping to launch a should provide detailed and phone numbers for these lucrative enterprise never get the information to help you compare organizations. promised training and never earn one business with another. Be the promised amounts. skeptical of companies that do Your local Better Business not have disclosure documents. Bureau (BBB) and BBB where the Check it out company is located. • Check out the company with Investigate Internet-related business the Bureau of Consumer Your local Postmaster. The U.S. opportunities as carefully as you Protection (call: 800-422-7128), Postal Service investigates would check out any other the Division of Securities at fraudulent mail practices. business opportunity. Before you the Department of Financial invest or buy into any business Institutions (call: 800-472- For more information or to file a opportunity: 4325, web: www.wdfi.org) and complaint, contact the Bureau of the Better Business Bureau Consumer Protection at: • Realize that seminar “trainers” (call: 800-273-1002, web: or “consultants” often are there www.wisconsin.bbb.org) in (800) 422-7128 to sell you a business your area and the area where FAX: (608) 224-4939 opportunity, not teach you the promoter is located. These Internet basics. In fact, they checks may not be foolproof, TTY: (608) 224-5058 may be counting on your lack but they may show whether of experience with computers complaints have been filed Email: email@example.com or the Internet. about the promoter. Website: • Investigate all earnings claims. Where to Complain http://datcp.state.wi.us/ Talk to others who have Some information taken from the FTC’s fact purchased the opportunity to If you think you’ve been defrauded in sheet, “”Net-Based Business Opportunities: Are Some Flop-portunities?” see whether their experience an Internet-related business supports the company’s claims. opportunity, contact the company i:cpcic/facts/netbo268 11/00 Visit previous franchise and and ask for your money back. Let
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