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FIB - Scams 101 - Ye Olde Archives
Posted By: Mel. White In Response To: Waterhouse Report (jazz)
Saturday, 2 September 2006, at 5:06 p.m.
http://www.scamfraudalert.com/showthread.php?t=1231
There's some positive reports... in this thread there's both good and bad: http://www.whydowork.com/forums/about2415.html
The information here doesn't sound terribly believable: http://www.homeworkinguk.com/publications.htm
Here's the not-believable part:
"This month's recommendation then, will be of interest to everybody still searching for a successful online business. Neil Waterhouse has tested 384 "Work from Home" and "Online Businesses", and found that the simplest one creates a monthly income stream in excess of $5,000, requires less than 1 hour per day and you can start with ABSOLUTELY NO MONEY."
Now... he's been in business since 2000... and he tested 384 businesses? That's over 50 businesses per year and well over 3 businesses per month. Now I realize you can run several simultaneously... BUT... doesn't that kinda punch your Skept-O-Meter button? It does mine.
A press release claims he tests "7 businesses per month." Perhaps so, but I can think of a lot of businesses that are legit and do make money (freelance writing, freelance artist, freelance computer consultant, Terrence's baby magazine business, candybar business, etc, etc) that would not show any real income for a month or two. I wonder how he can possibly evaluate those.
The "less than 1 hour per day" and "$5,000/month" claim isn't believable. We've heard that one before.
Bill Gates does that, but I assure you he didn't get there by any method this person recommends. I saw a claim that Trump coauthored a book with Waterhouse... a search of Amazon and other book sites shows that this is not true.
If you're looking for a business, I recommend you check some books out from the library. Here are some that are getting good reviews on Amazon.com (and have had some staying power)
Published in 1999, this book still has lots of positive recommendations (borrow through library loans):
http://www.amazon.com/Complete-Guide-Business-Robert-Spiegel/dp/0814470432/sr=1-11/qid=1157241489/ref=sr_1_11/002-6661611-6210421?ie=UTF8&s=books
Says it's for women, but I think it's for everyone (doggie daycare at home was one idea):
http://www.amazon.com/More-Best-Home-Based-Businesses-Women/dp/0761512691/sr=1-20/qid=1157241692/ref=sr_1_20/002-6661611-6210421?ie=UTF8&s=books
Inexpensive (88 cents!) book on home carpentry business:
http://www.amazon.com/gp/offer-listing/1564405079/ref=dp_olp_2/002-6661611-6210421?ie=UTF8
There's TONS of books out there like this on your library shelves! Why pay $30 or more for a "pig in a poke" report from Internet that promises you some fairly unbelievable results? Hit the library first and see what gems you can find!
For moms:
http://www.amazon.com/Work-At-Home-Moms-Guide-Home-Business/dp/1891506498/sr=1-2/qid=1157241489/ref=sr_1_2/002-6661611-6210421?ie=UTF8&s=books
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