How to avoid getting scammed in business

Carpon

Valued Contributor
In regions like mine: Nigeria, scamming is very prevalent and wide spread. You may trust a person genuinely and end up being cheated and getting scammed by such people and this is also obtainable in business field.

As a business person you must also be mindful of the fact that you can be scammed; either as a online business person or someone doing an offline job

To avoid talking victim in the hand of scammers observe the following precautions;

1. Do not disclose highly confidential information whether personal or business informations to people indiscriminately.

2. Do not get involved in Ponzi schemes; which may tell you to invest and get paid double of what you have invested. They are mostly fake and may decide to disappear at any point

3. Don't do business transactions with people who are not trustworthy. There are many people people who are known as Cheats in the society. You must avoid getting into business with them.
 

Axis

Banned
Whether it concerns online business or offline business a person need to avoid getting scammed. To avoid getting scammed in a business a person should always seek for information ideas opinions before venturing into a business you should know the crook and crannies of the business he should know why the business is being established, what he will gain,when they pay and all the necessary information that concerns the business. With this necessary information provided to him he can now decide whether he can venture in such a business or he should with draw back from doing so. Not only that a person should note the signs a business portrays especially when it is an online business.he needs to observe the signs it but portrays so that he or she would know whether he need to quit the business or should go on. Sometime the business might show signs of its crumbling or closing down that is when he or she needs to take wise steps in withdrawing from the business to avoid being scammed the business.
 

Jasz

VIP Contributor
A growing number of people are falling victim to a scam every day. It seems like there’s no end to the scams that are out there, and unfortunately it seems like the only way to stay safe online is to avoid social media all together.

But even with that being said, you can still get scammed by someone who knows what they’re doing. Here are some tips on how to avoid getting scammed in business:

1) Stick with reputable companies

2) Don’t blindly trust anyone who contacts you on social media sites such as Facebook or Twitter (even though they might be friends with your friends).

3) Do your research before signing up for anything online; read reviews, look up the company on Google, etc.

4) If you have any doubts about a company, do not give them any personal information until you have done some more research and found another company that suits your needs better.
 

King bell

VIP Contributor
Prevent business scams by confirming the legitimacy of a company, verifying identity of the contact persons, read carefully through contracts, making online payment secure as well as reviewing invoices critically and being vigilant if anything seems fishy. In addition to researching new companies, you should look up people you are transacting online with and in cases where there is no clarity about contracts it is recommended that you consult a lawyer. For online transactions use safe payment gateways and make sure your information is encrypted. In case some offers are too good to be true do not fall for potential frauds in doubt or suspicion arises. These steps will help you avoid falling prey to fraudulent business activities.
 

Etini

Valued Contributor
The thing that always gets most business people scammed is simply because these people want to be enjoying abnormal benefits in terms of profits and other incentives. You would always get scammed with that. Just stick to standard benefits and you would stay free from scammers. If possible, make sure you use a platform that has anti fraud like PayPal for your business transactions. Trusted escrow services could be a big scam prevention measure. Read about the activities of scammers so that you would take caution.
 
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