Lessons Learned After Losing $50,000 With An Online Business

From over-hyped courses, to fake gurus to overnight-riches pitches, it’s safe to say there are PLENTY of scams you need to watch out for in the “make money online” business.

I’ve heard many horror stories from people getting scammed out of $10,000, $20,000 and even more.

The worst one so far comes from a woman in her late 50s, who sent $50,000 to MOBE (My Online Business Empire) just a few days before it was shut down by the FTC.

Of course, she lost it all and got NOTHING back.

A scam, as the dictionary sees it, is “a dishonest scheme, fraud or swindle” which yes, there are plenty of online.

But – is an overpriced course a scam?

Maybe – but the truth is; it’s very hard to measure the true value of information.

What could be a life-changing course for some, can be a complete scam for others.

While I fully understand there are some very-shady characters out there, there’s also another side to this;

Some people buy an (expensive) course, never put the methods to work (thus they never make money) and then they claim “it’s a scam”.

That is not a scam.

It may have been overpriced, but it was not a “dishonest fraud” type of scam.

This is one of the main reasons why I shamelessly recommend Wealthy Affiliate as the go-to training to start building an online business.

You get to join as a free member, explore the community (and what it’s all about) and you get unrestricted access to Level 01 of every course they offer.

This gives you the opportunity to first see what you’re getting yourself into before you decide to go premium (& unlock the higher levels), and even then; it’s only $19, not $50,000.

If you’d like to start your own online business in a scam-free environment, I recommend you start with Level 01 of the “Online Entrepreneur Certification” course.