A Biz Opp Breakdown
Be your own boss! No experience necessary! Make $60,000 a year from home! Sounds pretty good, huh? Before you sign on the dotted line, you might want to listen to this 1-minute tip from the FTC:
What makes the FTC so skeptical about these “opportunities?” It could be FTC cases like the one against American Entertainment Distributors. According to the FTC, the company tricked people into paying anywhere from $28,000 to $37,500 for video rental vending machines. The defendants claimed that each machine would earn $60,000 to $80,000 per year. The problem? There was no reasonable basis for these claims, and all the investors lost money.
However, there is some good news. Today, the FTC announced it would be sending out an additional $950,000 to people who lost money in this scheme, bringing the total amount refunded to nearly $4 million.
If you’re considering a business opportunity, check out these tips from the FTC first.