This guide will walk you through how to know if an income program is a scam so you don’t end up wasting your hard-earned money.
If you are reading this you’ve probably been a victim of fake income programs in Nigeria. We did write on reasons you may not make money online, read here.
In this article, after making some findings, we will reveal to you how to recognize if an income program in Nigeria is a scam.
What is an income program?
These are online websites or companies that promise to pay you for either your investment or activities you do when you register on them as premium members.
There are lots of income programs in Nigeria and we have talked about them in our make money online category.
How to know if an income program is a scam
1). Too good to be true:
If you come across any income program in Nigeria that showcases deals that look good to be true, double check before you join or run for your life. Deals like; making 10% interest on your investment in a day, making 300% interest in a month, etc.
2). Social media handles:
Social media is a vital aspect of every business these days. Check if the income program you wish to join has one.
Scammers are often too lazy to dedicate time and effort to social media. And if you find out they have, check if they are updated often and see what people say about them.
3). Check if their name conflicts with other online brands:
If the income program uses a name similar to other brands online but not in the same country, chances are the program wants to just come and pack people’s money.
NOTE: jumia.free-phone.com is not owned by jumia.com.ng. The owner is free-phone.com. You may end up blaming yourself if you play with your money or time on sites like that.
4). Check the duration bought on their domain name:
To do this, go to whois.com and put in the website address of that program and it will bring out the necessary information about the website address.
If it’s just a year duration, chances are they are not fully ready to stay for long.
Although, it is not in all cases. Jumble Box bought 5 years duration on their domain and lots of people have been complaining.
5). Check their withdrawal policy:
Check to see what an income program says about when and how you can withdraw your earnings. Forget paid to read news websites, can you withdraw without referrals? How long will it take them to pay you? Make sure you get the right answers before you join. People that are doing it and cashing out are the right people to ask.
6). Check the reviews about them on other sites:
No income program will say a bad thing about themselves. Alpha Web Agency has been reviewing some income programs in the Make Money Online category. Also, scamdviser.com is good to check if a website is a scam or legit.
7). Contact address & info:
Check if the site has a valid contact address. For instance, Assist Blogger Academy is situated at 9, Otegbeye, Oke-aro, Akure, Ondo State. If you type that in Google Maps, you will surely see us.
Also check if the income program you plan to join has a functioning phone number, email, and any other means of reaching out to them.
A legit program will reply to you within hours or at worst the next day.
8). Make sure they are transparent:
A transparent LPV Forum will make sure they let you know how things are done and going on their site. They let you know when you will get an alert if you place a withdrawal request and let you know if there will be extra charges.
9). Make sure it is not fake testimonies you fall for
It is not uncommon that people can just come up with fake alerts and testimonies these days. The best place to get the reality is if you ask someone to do it.
What We Recommend
What will you advise you to do is to make sure you don’t invest the amount of money that can make you cry if you lose. Invest money that is insignificant to you to test how legit the sites can be in order to avoid stories that touch.
Don’t just be too greedy to start with the highest plan!
I want you to know that the people behind the operation of the income programs are human beings. Anything can happen anytime.
Do a necessary background check before you join any income program in Nigeria.