In the absence of any further developments or any new businesses for sale, we thought for this month we'd continue on the important theme of internet buying, particularly with reference to Island TEFL and Philip Dunne.
Now, it is well known that three or four people have lost large amounts of money investing in Island TEFL. Although our sources are reliable, we, of course, do not know all the details behind the incidents. However, generally people do not pay large amounts of $20,000 or $30,000 and then behave badly. It may happen as a one-off freak incident, but when it repeats itself, questions need to be asked. To us this implies that something may not be quite right with the set up at Island TEFL.
One always has to consider the possibility that any online company is a scam. If you have no physical address for the seller and no way of making him or her accountable in the event of a breakdown, you are taking a huge risk. This is why we'd like to refer you back to our ground advice. It is essential that somewhere there is proper registered headquarters for the company.
It may be that a business offer is not a full scam, and that there is some kind of genuine business taking place. For example, if you do a fantastic job, maybe the seller will decide that he or she wants to continue to work with you and the rewards will be good. On the other hand, if things go wrong or you come up short in any way, that's when you might suddenly find you lose everything. It's very easy for someone you were working with online to simply disappear from your life, together with your money.
So please do be very careful with large online transactions and make sure the "company" you are dealing with is fully accountable.
Good luck,
Jill Franklyn
One way to make money on the Internet today is to start your own home business. To do that you need to investigate the many opportunities that are available today. Finding adequate home business reviews is not as easy as it might sound.
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