Recently, a man goes $47,000 in debt after falling for online job scam. An online job search can be very tricky if you are not well-informed. Job scam is on the rise. The key is to do research before you decide.

TheMoneyTools.org: Avoid Online Job Money Scam

When I first started working as a pharmacist, my mind was all about creating a second source of income so I can pay off my debt faster. I was overconfidence in job searching, and it had failed me. With a pharmacy degree, I thought that by just jumping into any job or investment opportunity, money would come easy. “Overconfidence blurs out the risk. Inferiority magnifies it”, said Toba Beta

My experiences are not directly about online job searching scam, but they are on the same direction of not doing enough research.

One of the mistakes I made was by investing in Private Labeling Business on Amazon. I bought a ton of products from overseas thinking I can make lots of money by putting it up on Amazon. After two months in, only a few items got sales, and no one bought my product. I will write One of the biggest reason that leads to my failure as I did not do enough research or thinking I did.

Here is an example of an online job scam victim I would like to share:

https://www.yahoo.com/news/man-goes-47-000-debt-165115065.html

(Sorry I can’t embed this vid) but you can click the link and watch this short clip)

Online Job Scam: How to Avoid

Top 5 internet job scam warning signs:

1) When it is too good to be true, it is likely a scam:

Good jobs are difficult to find.

  • When the potential employer contacted you, but you don’t remember that you even apply: They can say they found your resume online, offer you the job right away or try to interview you on the spot.
  • When the money is too good: 9-4 Monday through Friday, off the weekend, full benefits and 401k, flexible hour….. or working 20 hours or less a week with a $75,000 annual salary.

2) Online interview via instant yahoo messenger, Skype, or IG.

Yahoo IM is very popular with scammers. The scammers often include instructions for setting up a Yahoo IM account and contacting the hiring manager.

Related: 5 SIMPLE WAYS TO PAY OFF DEBTS

3) Unprofessional email:

Watch for emails with lots of grammar mistakes and from a personal account. Some might make an excuse that their email system is not set up but it is not difficult to set up a professional email account. The setup cost is very minimal (can be as cheap as $2 a month).

4)Can’t find anything about thing about the company.

You should sit down and at least do a little online research about the company. Some might not even have any website or even a phone number to call.

5) You are asked to provide personal information:

If the company asking for your social, personal bank account number, there might be a problem because they can ask you to buy the product up front and will refund you the money back. As we watch the video from the link below, it is not a great idea.

Post is inspired by Alison Doyle from thebalancecareers.com

Thanks for reading

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