- Personal Finance»
- Income & Making Money
Self-Employment Scams Preying on Young Job Seekers
Younger unemployed professionals are being targeted by self-employment scams. Learn how to avoid them, and don't fall into this trap.
A recent survey shows that a majority of people aged 16 to 30 are worried about where their next job is coming from. Some even believe it’s an unattainable goal. Many are turning toward self-employment instead of seeking more traditional career paths. There’s just one problem: the self-employment scams know exactly how to prey upon young, unemployed self-employment seekers.
More than half of all those who responded to the survey said that starting their own business is a viable method of escaping unemployment. Many professionals dream about being self-employed, whether they’re unemployed, underemployed or fully employed and seeking some sort of change. Creating a home-based business can be very fulfilling, both financially and emotionally, and the self-employment scams out there know it.
The math is pretty simple: when unemployment rises, so do self-employment scams. Scammers know that rising unemployment leads to increasing desperation. Everyone needs to make money, and as weeks and months drag by without new job opportunities people begin to feel more open to any opportunities they can find.
Now, scammers are targeting young job seekers. More bogus advertisements for so-called self-employment opportunities are appearing on sites geared more toward young job seekers. Keyword-linked ads that involve self-employment and job searches are also cropping up more frequently. Self-employment scams continue to grow because they continue to be successful. By preying on people who are legitimately looking for ways to make money, these scams offer false promises and trick job seekers into parting with their own time and money by offering something they deeply want.
Legitimate Home Based Business and Self-Employment Opportunities
Self-employment scams continue to be a problem because they continue to work. Everyone knows that establishing me initial startup costs, so it only makes sense to give money to a so-called company that’s offering a startup kit…right? Many self-employment scams trick people out of their money by offering something that people want: contact lists, equipment that makes it easy to work at home, office supplies for a startup business, the list goes on and on.
Before you give anyone any of your money, take the time to check them out. Do a general Google search on any company that you’re interested in, and see what turns up. Look for forum posts and comments from self-employed individuals and job seekers. Add the word “scam” to the company name to get even more results. Often, when something is a known scam Internet users will take the time to tell the world. All you have to do it look for the information.
Rather than giving someone else your money to establish a home-based business, buy your own gear. Then, you’ll know you’re actually getting something for your money.