Beware of Business Coaching Scams

Have you seen websites or ads, or gotten telephone calls that say a home-based internet business could be your ticket to making easy cash? Some claim a business coaching program will help you get going. Before you respond to an offer for business coaching services, keep your money in your wallet and your eye on a recent case brought by the FTC.

The FTC has announced a settlement with Ivy Capital and related companies alleging that the companies sold bogus business coaching services to people by phone after the consumers responded to online ads or e-mails for work-at-home opportunities. Using high-pressure sales tactics, Ivy Capital promised big online earning potential, access to expert business developers, and insider tools and tactics to help consumers successfully launch Internet businesses. People who bought these services had virtually no success. Many were coaxed into spending thousands of dollars upfront for services and guidance that were readily available for free and that could not realistically help them make substantial money online.

What should you know before starting a home-based internet business?

  • Don’t pay for free information. You can get free business development advice and counseling by experts in the field through government agencies like the Small Business Administration and community colleges with small business centers.
  • Do your own research. Are you familiar with the company and its products or services? Is the company affiliated with a legitimate certification or business accreditation program? Does the company have a good reputation? A good way to find out is to type the company name in a search engine with terms like “scam” or “complaint.”
  • Beware of the “upsell.” If you find yourself paying for a product or service you have yet to receive, and then get additional calls pressuring you to plunk down even more money for another level of product or service, that’s a red flag. It’s better to cut your losses now. If you think it’s a scam, file a complaint with the FTC.

Want to know more? Check out BusinessUSA for help with starting your own home-based internet business, and hear our new one-minute audio tip.

Work at Home Scams

Blog Topics: 
Jobs & Making Money

Comments

A hacker for over a year and cannot get rid of him, He has control of email and All email accounts! BarbaraMeggs

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how many scam complaints does it take for a company to be investigated?

There is a huge distinction between a professional business coaching and a business coaching system for an online offer. It would be great if you would draw the distinction between the two, and take some of the ill repute pressure off of the highly viable profession of business coaching. Not all coaches are members of an affiliate marketing scam. I don't think the article reflects that very well.

the information i sent to you did not name any names but i can prove my case and send you the details to which will show exactly what happened. if you could help direct me or guide me to a dept that i have not already contacted then i would be greatful. i am not claiming all coachs are members of an affiliate scam but i know of one that is and that scammed me along with thousands of others.

Hi, Tillie,

If you want to file a complaint, please visit ftc.gov/complaint. Hundreds of law enforcement agencies across the country use our complaint database to recognize abusive patterns and bring cases against companies that break the law. There's no specific number of complaints needed to begin a new investigation.

To be a coach is a serious profession.

To grow, develop and thrive in your career, to vastly expand your skills, abilities, satisfaction, results and compensation.

When you talk to one of business coaches, you will better grasp what it is you want to do, and determine how to get there.

Before buying coaching services from anywhere, manual checks must be made in order to ensure how legitimate the service provider is, their certification, their references, their experience and case studies.

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