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FIB - Scams 101 - Ye Olde Archives
Posted By: Mike Jolley <mjolley@onlinehonesty.com> In Response To: Does This Look Like a Scam? (Becky)
Thursday, 16 June 2005, at 7:51 p.m.
> *Join over 430,000 Americans earning $1019.68/wk on eBay We'll set you up
> with $250 of FREE Products to start!
> Just Call 1-800-940-4948, extension #7919 today for more information.,
I'm tempted to call the number because this is pretty vague, but it's fun to see how much we can figure out from something like this. let's imagine this $250 of products. They're free to start, meaning we'll have to pay for the second batch. Also the $250 is probably the retail price.
> We offer the following benefits:
> No Inventory Required
Ok, so I don't actually have the $250 worth of products.
> ...
> 100% INTERNET
> ...
> on the Internet or by telephone, you choose.
How do I sell on eBay over the phone? To call people I know to tell them to buy what I'm selling on eBay?
> ...
> *Earnings statistic taken from Businessweek Online 6/17/04 represents the
Ok I see a 6/14/04 and a 6/21/04 issue. Is it one of these? I can't find the number 1019.68 anywhere.
> weekly average of 430,000 sellers, which accounted for more than 95% of 24
> billion in gross sales.
430,000 sellers? $24 billion? They're just talking about eBay in general.
Ok fine. We know we're retailing something for $250. So we make $250 on the first batch assuming we can sell it all. The second batch we have to pay for, probably about $200. So we're making around $50 per batch which we have to find a way to sell. The $1019.68/wk is meaningless because that's just how much the average American eBay seller grosses. Hmm, actually the number I get when I divide 24 billion by 430k by 52 weeks/yr is $1073.34 gross per person.
Anyway, it's a scam. I still feel like calling that number though.
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