Dont let them get you!

Lately Kenya has been in a frenzy and no, it’s not about the politics, it’s about finding the hottest way to make the quick buck!

Greed has set its claws upon us. God help us all.

From Multi Level Marketing Schemes to Ponzi Schemes to outright Robbery.

Unfortunately, it is very easy to fall prey to these predators as they promise very high returns that could change you life.

One thing that we should all remember is that no else can change your life other than yourself.

Here are a few ways to avoid getting scammed:

Avoid schemes with "Referral Fees" - schemes that offers commissions just for recruiting additional distributors. If the plan is good, it will attract new investors on it own merit.

Avoid schemes that are "Free to Join" - Hakuna cha bure, Utaripa huko mbere!

Avoid schemes that claim that you "don't have to work hard" – There is no such thing as easy money.

Avoid "Miracle product" plans - plans that promise enormous earnings or claim to sell miracle products. Remember the virginity soap?

Avoid Guaranteed or risk free profits- The basic rule of investing is risk = return. So if you are promised + 300% return what is your risk? -300%

Classified Ads – Anything advertised in the classified is likely to be a scam. If they are making as much money as they claim cant they even afford a ¼ page ad?

Ask questions about their business – What product or service do they sell? Where do they invest the money? What value are they creating? If the answer is something in the lines of “we group members in a bus of money and it goes round…..” Your money will go round the corner into their pocket and vamoose!
If their business is making millions in a matter of weeks money why do they need you to give them your 1,000 bob?

Where is the business located - A busineess that has a turnover of millions in a week will certainly not be located in a sublet office. Unless ofcourse, its a flyby night venture. Today you see them, tomorrow you dont.

Fraudsters come in all forms and sizes. If you do not fully understand what the business does just stick by the sidelines and sip you soda in peace.