Scam Idea.... Old and New.

I'm just gonna hit it of the bat right here that scam can be anything you can think of. But how do you differentiate between a good branding, scam, real product, and over priced item. Now here's the 4 things that i think i have not fully understand the extend of this thing until someone enlighten me with their view of what i have in mind. I might be wrong, i might hit something right. So bear with me.

For most Scam usually is possible because someone is greedy and wants to make money the easy way, earn higher income, get paid for just having enough money put in or simply interest the money can generate.

So our grandparent time scam are in the form of magic stone and something magical because it's not possible to change the way of life when there's not much product to offer. But in today's world there are just too many product in the market that we don't know what is what anymore. Why do i say that, well here's what to look out for WINE AND DIAMONDS, RARE ITEM(WOOD, JADE, ETC), GOLD, PROPERTY, CERTIFIED "PAPER"(this one varies in industry, same concept), THE NEXT BIG THING(it's what they call for Unicorn product), and last but not least LOVE.

This are the basic thing which i will cover at this point of time, because i have more scam report coming which will surely can only be judge by you if you see it as a fraud. Because let me be clear, if you are pretty much like me, which doesn't mind getting something for less than $10. You won't even consider that as a scam because it doesn't have a traction to start with and it's not even profitable. Boy i was wrong. I didn't see it as something until an online report shows me a figure which after verification, turns out to be something scary.

Let's run this scenario backwards. You got scam, and you think why did it happen to you?

Now there's no way to avoid ALL scam. But if you minimize the chances of getting scam, at least you won't go out that window and fly like a bird anytime soon. What is the first thing you have to do when you get scam? Don't Panic, Don't blame yourself, and Don't stop everything because of this.

The best course of action i find best when i got scam, is assess the lost. Do a simple calculation of what are your stand after this. If it's just POOR, then you are very much in a good situation. If the money is from a loan, i would say RUN. But once you reach a safe spot, call back and let someone knows you are on the run and why. Now i pick these 2 choice, because it doesn't causes any problem in the society. Now let's move on.

SPOTTING A SCAM FROM A MILLION MILE AWAY

 How to do this? Actually it's very simple, get scam by the small ones. Which gives you a very good confidence in saying NO when the product is not right, or being pushed in a hard sale situation. My rule of thumb is anything above $500 which is not a product and have the below promises usually are scam:

1. Unrealistic Return
2. Non regulated trade or deals
3. Blacklisted
4. Non background Company
5. Perfect image

Now if you are in the world of business, i would say it's not unrealistic to say that there are items which are considered high return. Every industry have it's own gold standard, every player have their own ways to maximize the potential for a product to sell more and stand out.

What amazes me are businesses which sits between the fine line of a scam and still operates as a business as if waiting for the whole thing to collapse. That is actually more scarier because they are going for the long game.

One last thing, some people are bless with the skill to relate something to logically buy or take up their product. Now this might sound weird at first, but someone actually told me this a long time ago. Rich people (i mean those that are really rich) do not have insurance, i'll explain in a bit. In fact those rich one are the reason why we even have insurance today. Think about it, why does insurance even exist? The selling point is so if anything happens, you get "some" money back. Now i'm only pointing this one out because it's one of those business that should not be profitable, but manage to become profitable, and not only that. It got regulated after a very long process. Now it's an integral part of our life.

The rich don't have insurance because they basically help run money for companies which have the same business model, take customer's money for a piece of paper or cert, or piece of mind, or return on investment. You get the drift. And what these people do is that, they would put all those money to really work hard with investment return which can only be imagine by normal people as unrealistic. I'm just gonna deviate from the topic a little bit, think ART. How much does a bucket of paint and a canvas is worth, doesn't amount to the same thing as the ART. And ART as we know are only worth alot when the artist is dead. Why? Because rich people want to own something exclusive. If the artist is alive, it's not exclusive. It's just a painting. that's my point of view. I do like ART, just not planning to fork out a few million for some stars and crooked face.

I hope some of you might have something to share on this. Good or bad. I think everyone have their own views on how the world works.