Home Wealth Formula, Secret Wealth Formula - Work-From-Home Scam
Other Keywords: Business Journal SBJ, home95bizstart.com, Mark Starr
Such sites calling themselves the Home Wealth Formula or the Secret Wealth Formula are typical rehashed work-from-home scams providing useless marketing information under the disguise of a "job opportunity".
These scams, which are prolifically using SPAM to promote themselves, are operating from several different domains, including -
Such sites are also using fake newspaper sites online to promote themselves. AVOID these sites.
Many of these sites are claiming to be a "special report by Mark Starr".
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However, the reality is much different. Sites like Home Wealth Formula, Secret Wealth Formula actually sell rehashed marketing information that is easily obtainable for free elsewhere on the Internet and is generally well known information within the online marketing communities. In other words, you’re being charged for free information under the false assertion it will make you money. The information provided by these sites is rarely sufficient enough to make anyone who signs up any actual money, let alone the huge amounts implied on the websites sales pitch. It is important to realise that sites like Home Wealth Formula, Secret Wealth Formula are everywhere. The scammers behind the schemes create many identical sites, and as soon as one begins to receive too much bad publicity, the site is dropped and an identical site is created in its place.
Work-from-home scams can employ several misleading tactics to deliberately deceive readers, that can include –
- The illusion that the site searches for jobs 'in your area' or is 'checking availability' (often initiated by asking for your address and/or postcode) – The site claims that there are jobs in the readers area to create the illusion that the reader has 'qualified' to join the program.
- The false assertion that this work-from-home opportunity has been featured on various legitimate news outlets, including papers, magazines or TV channels. This may be directly stated or implied by the use of trademarked logos belonging to the media outlets.
- The use of fake news websites to promote the scam. Fake news websites are websites that appear to be a legitimate online media source bit in reality is just a blatant promotional website for the scam. You can read more about fake news websites here.
- Out-of-context news videos from legitimate news outlets may be included on the sales pitch in an attempt to add legitimacy to the scam.
- The illusion that those who sign up will be doing some menial task that will earn them money such as “posting links” or “data entry” – these are gross distortions of the truth. Work-from-home schemes may dress the job up as a “link processor” or something similar, when this is just not accurate at all.
- The use of presenting the reader with a person who is described by the site as a “work-from-home coach” or “specialist”, “consultant” or “expert”. The site will typically tell their story of how they became successful and how you can too. However the character described by the site does not exist and is only used to try and fool potential victims.
- Highlighting the benefits of working from home, such as having no boss, no time wasted in traffic and choosing your own hours. Also highlighting the benefits of making lots of money including pictures of expensive holidays, cars and houses and descriptive, idealistic stories of financial freedom
- Claiming those who sign up only have to work a handful of hours and will still easily make significant money
- Employing fake and unverifiable testimonials
- The false assertion that spaces are limited or discounts are temporary.
- Hidden charges and subscription fees
Typical sales page headers for work-from-home scams.
It is important for people who are looking to make money online realise that there are no systems, methods, programs or jobs like this that can make someone easy money from the Internet. If there was then everybody would do it. Schemes like Home Wealth Formula, Secret Wealth Formula is designed to create the illusion that all a person has to do it sign up, pay the registration fee and start making money. It does not work like that at all. Making money online requires time, talent, patience and persistence. Work-from-home scams like this are so deceiving in their sales pitch, it is unlikely for anyone who make any money with these schemes. The vast majority will fail to recoup their registration fees.
It is possible to make money from the Internet, just not in the guise of an instant ready-made system or job. Internet users can create and build an Internet business, providing they have the right tools, information and personal attributes, and they avoid sites that promote misinformation and hype. In fact, it is entirely possible to make a fantastic wage online. We’re always getting questions regarding the truth about making money online, so we’ve launched a section of our site here that deals with a possible career online and what we recommend for those that are interested. You can jump to that section of our site by clicking here.
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