Tuesday, October 22, 2013

What to consider when deciding whether to buy a money-making e-book

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So, you have a little money and you decide to buy an e-book…WAIT! STOP! HALT! E-books, especially so-called money-making e-books, are notorious for being the weapon of choice in a scammer’s arsenal. Scams are incredible common in the online, money-making business. There is a bit of a joke going around. It goes like this: You aren’t a real online money-maker until you have been scammed. That’s how common it is. I think most people who have ever decided to make money online have been scammed at one point or another, yours truly included.

Fortunately, there are a few easy tips that will help you avoid the majority of these scams. Here they are:

1. Don’t buy e-books that make outrageous claims

If an e-book, or its owner, claims that you can make $200 a day with little to no work, it likely is a scam. Or it’s the best money-making e-book in the history of human civilization…More than likely, it’s a scam.

At the moment, I can’t even conceive of such a method. You could become a workaholic affiliate or have an excellent niche in PPD, but even these two methods don’t guarantee $200 a day.

Do not buy these kinds of e-books; they are likely scams.

It’s incredibly easy to be blinded by the promise of high profits. Resist this blindness with all your might.

2. Don’t automatically trust vouches

Most e-books today come with vouches from “previous buyers”. You should be extremely skeptical as to the authenticity, and honesty, of these “previous buyers”.

Additionally, you may see e-books being sold by high-ranking users on web forums. Other high-ranking users might vouch for their e-book. Be skeptical of both sellers and users who offer vouches. A high-rank doesn’t necessarily mean honest or trustworthy.

Honest vouches add credibility to an e-book, but not all vouches are honest.

3. Critically examine the e-book being sold

Examine the information provided by the seller. Ask for proof-of-payment, vouches (yes, still follow tip #2), and a general explanation of the e-book’s methodology (remember, the author won’t tell you the specifics of the e-book’s method). Make sure things add up. If the seller promises $100 a day and you know the method won’t reach that, speak up. Question the seller. Don’t just walk away. Cast doubt on the seller and his method. You could save a lot of people a lot of money.

An honest seller will answer your questions. Always be suspicious of a seller who doesn’t.

Additionally, if the author claims you can make $200 a day with the e-book and he’s selling the e-book for $25, question him about this.

4. Research the seller

Research and discover whether the seller has a good or bad history. If the seller has a bad history, explore that history. If the seller has a history of selling broken or impotent methods, don’t buy the seller’s e-book.

5. Don’t spend money you can’t afford to lose

This pretty much applies to any thing you buy. It’s fairly self-explanatory.

My general rule

I have a general rule about e-books. Whenever I’m trying to decide if I’m going to buy an e-book, I evaluate whether I can use the methods in the e-book to earn back the money I spent on the e-book (I’m essentially guessing about the methods in the e-book. Authors don’t tell you the e-book methods before you buy the e-book). If I think I can earn back the money, I usually buy the e-book. This rule hasn’t failed me yet.

Testing time

Put these tips to the test. Evaluate this e-book. Do you think it is legitimate? Do you think you can use its methods to make the amount of money the e-book claims you can make?

I’m not going to speculate on whether the e-book lives up to its claims. I want you to do it. After all, these tips are for you, not me.

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