What Is A Get Rich Quick Scheme? What You Need To Know!

What Is A Get Rich Quick Scheme? What You Need To Know!

Get-Rich-Quick Schemes have been around for nigh a millennium. Since the dawn of creation, people have been looking for ways to make money quickly and easily.

But is this idea of getting rich quick a possibility, or is there no such thing? Can you become wealthy in a short amount of time?

All this, and more, is what we’ll cover in this article. Schemes that tell you you’ll get rich quickly are all over the place. Hopefully, by the end of this article, you’ll learn how to be able to quickly spot them, and not lose your time, or money, to these scams.

What Is A Get Rich Quick Scheme?

In order to correctly break down what a get-rich-quick scheme is, we’ll have to break it down, to get a better understanding of what these words actually mean. First let’s break down what a scheme means.

What is a scheme?

Dictionary.com has a scheme listed as the following:

  1. a plan, design, or program of action to be followed; project.

  2. an underhand plot; intrigue.

  3. a visionary or impractical project.

A scheme is something that someone presents to you that is usually more of an idea than an actual thing. To scheme means to plan or to plot an idea for something.

Scheme does usually have bad connotations with it. The word is used to associate something that is usually unpleasant, e.g The man schemed on how to get his revenge.

But schemes can mean something good – The scheme to make a life of farming actually worked.

As we’re going to see, these schemes that we’ll be looking at specifically revolve around making money, and a lot of it, quickly.

Getting Rich Quickly

I don’t think this needs to be explain in too much detail. Getting rich quickly means just that – in a short span of time, you

make a lot of money.

There have been many get-rich-quick schemes that people have taken part of over the centuries, though typically they’re called something different.

The California Gold Rush. Back in the 1800s, some 300,000 people went to California to see if they could find gold. Many went to try to ‘strike it rich’, by finding that valuable precious metal, and becoming wealthy.

In the end, while some did become rich through this venture, the majority of these gold diggers didn’t make much, if anything. In the end, the merchants, those who sold goods and tools, were the ones that made the money.

The gold rush is a great example of just what getting rich quickly means. Many thought that if they put in a little time, say a few weeks to a month, maybe even a year, in the end, they would make enough money to retire with no need to worry about finances anymore.

Ecommerce – Selling products online. There are many people out there who are making a lot of money by making certain products, and selling them through Ebay, Etsy and Amazon.

But what is less known, is that those who are making a lot of money are few and far between. According to a recent article, it is said that 95% of ecommerce sites are making less than $80 per month.

With there being over 12 million stores online, only a handful are actually making money to live off of.

Once again, ecommerce has been known to be something that you can generate millions of dollars from, in a very short span. And while this may be true for a few people, the reality is that very few ‘get rich quickly’.

Can You Get Rich Quickly?

It should be noted that you can get rich quickly. It does happen to people.

There is currently a kid making over 20 million just reviewing toys on YouTube.

There are people who have sold domains for millions of dollars.

There are people who, within 6 months time, are generating 6 figure incomes, just from being a freelancing proofreader, and copywriter.

There are people who make a living off of dropshipping (a type of ecommerce site) and generating hundreds of dollars from it.

So, the answer, in simple terms, is a profound, yes. But, just because you can make a lot of money quickly doesn’t mean that you will.

Will you get rich quickly?

You’re not the only one is has tried, or will try, to get rich quickly. Many people over the years have tried unsuccessfully. You can read of hundreds of testimonials of people who tried to get rich quickly, and failed.

There really is no guarantee in any scheme that claims you’ll get rich quickly. Getting rich quickly is just a scheme that in the end will make the person who made the scheme wealthy.

There are many schemes that ‘sell’ you products, claiming that if you put in thousands of dollars, you’ll make twice that and more very quickly. Buying into that idea of getting more out of something less has cost people large sums of money.

There are only a handful of people who get rich quickly. And those that do, usually get rich randomly and without whim or reason. I would even argue that you would have a higher chance of winning the lottery than making money from a get-rich-quick scheme.

How To Watch Out For Get-Rich Quick Schemes

In the end, get-rich-quick schemes will only make you lose money, and not make you wealthy. They are schemes that should be avoided at all costs. But avoiding these plots can be hard to do.

These types of schemes are all over the place. If you’re not careful, you’ll fall into them. Each of these types of schemes are usually packaged differently, each selling you some different product.

But by looking closely at reviews, testimonials, and even the price of the product, you’ll soon learn to see which programs you should trust, and which ones you shouldn’t.

Is The Price Not Right?

Pricing can work both ways. Sometimes these schemes will be ‘high-end tickets’ (expensive), or a lower-end commodity (cheap). But both prices work to get you to buy the product.

Expensive Programs. Some get-rich-quick schemes will try to sell you something really expensive. If you give us 1000 dollars, they say, We’ll give you a system that will make you passive income automatically.

Your initial thought for these programs will be that it does take money to make money, which is true. But, as with most often the case, the money you’ll be getting in return won’t be as much as you thought it would be.

Cheap Prices. You also need to watch out for those products that claim to generate millions of dollars all for a small amount of money.

Let’s just think about this. If a product that you can buy for less than $100 is going to make someone really rich, wouldn’t a lot of people know about this product? If you bought it, and saw the potential and value, wouldn’t you tell your friends and families?

In the end, you will usually get what you pay for. So if you buy an inexpensive program, you’ll most likely get an inexpensive return.

Be Careful Of Those Upsells. Some people will initially sell you a product that is cheap, only to make you pay more money later on down the road. If you find a program like this, my suggestion would be to run the other way.

Usually what happens is that you’ll pay for a program, but then if you want more features, or if you want *private* coaching, you’ll have to pay more. Each and every step requires more money with a bigger price tag.

Not every product will be as easy to distinguish if they have these type of upsells, so it’s always a good idea to read reviews of people, both positive and negative, to get a good idea of just what exactly the company wants from you.

So to sum it all up, if a product looks too cheap for what it says it is, or if a product claims to offer you a lot of money, for, well, the price of a lot of money, then it’s probably not worth it in the long run.

Claiming To Be Secret

One of the biggest claims that get-rich-quick schemes do are to try to sell you a product that seems new or secret, which is why it works, or so they claim.

For example, Copy My Commissions (a program I wouldn’t recommend) tries to get you to buy a product that they claim is new cutting edge technology that will help make you money passively. Basically, they’ve got a secret program, and want to share it with you.

If you find a product like this, you have to ask yourself several questions:

  1. If it’s a secret, how do I know if it works? If the person selling you the product is the only one who knows that it works, then how do you know you can trust him? How do you know they’re not just making up claims to get you to buy a certain product?
  2. If it’s a secret, why am I being told? Why you, of all people, are you being told about this secret that will make you money? Why have you been chosen to know this secret? If a secret is a secret for a reason, shouldn’t it remain a secret (without you knowing about it)?
  3. If it’s a secret, why do I find it in a non-secret place? If you found this product while online, or surfing the internet, why is it a secret? Unless you had to use some sort of level of security clearance to get access to this secret, chances are that it really is no secret.

People will use words like ‘cutting edge technology’, or ‘secret’, to make you want to buy a product that you think will help you. Most of these products really aren’t secrets. They’re just a program you can find online wrapped in a nice box, for you to think you’re getting something valuable.

Now it should be noted that just because they use the word ‘secret’, or something to that effect, doesn’t mean that it won’t work, or that the program is no good. There are actually some people using these words to sell legit programs.

But the majority of these people probably aren’t giving you anything worth you money. Some programs will work for a while, but in the end, they won’t work for a long time. Other programs will just scam you of your money, taking away your wealth, and adding to theirs.

What About Negative Reviews?

In today’s day and age, a lot of stuff is being faked all around us. In movies, televisions, and even sales pitches.

Did you know that you can pay people only 5 bucks to give you a video review of your program, having them claim that it was a great product?

Reviews can be fickle at times. Sometimes there are products that have a lot of reviews, but the majority of them are faked, so that those who own the product will get you to buy the product.

Sometimes products get a lot of good reviews because the product is just that good! But what I like to watch out for are those negative reviews. Those reviews from people who leave 1-star ratings, and express why they hate a product for whatever reason.

Making sure there are negative reviews for a product that you are looking for is one of the best things you can do. If someone is making fake reviews, they usually won’t make a negative review.

On the flip side, common knowledge will tell you that if there are only negative reviews of a program, then it is definitely not to be trusted. No matter how good it seems, if there aren’t any positive reviews, then you most likely won’t break that tradition of negativity.

Also, look at those who are giving the review. If you can’t find them on the internet, then that’s probably not a good sign. But if these reviewers have their own websites, social media accounts, and seem to be active on them, then you’re probably reading real, and legit, reviews.

If You Want To Get Rich, Change Your Mentality

Getting rich quickly buys into this idea that you’ll make a lot of money in a short period of time. That way, you’ll never have to worry about money ever again, nor will you have to worry about working either. You’ll be able to afford every luxury you want, and live that life you’ve dreamed of living.

I guess I have to be the bearer of bad news. It just doesn’t work like that. Finding a product that will make you a lot of money in a few short weeks isn’t out there.

But I also have good news. If you change your mentality, if you change the way you’re thinking, you can live that life you

want to live.

There are programs out there that will help you make money. They will help you build 6-7 figure businesses. But they aren’t going to claim to get you rich quickly. In fact, they may tell you that it may take up to two years to get your business going.

If you choose to change your mindset from, all the money you want right now, to, a lot of money in a few years that keeps on coming, then you may just have a chance of getting rich slowly.

Get Rich Slowly Schemes

Getting rich slowly schemes work pretty much the same way that get rich quickly schemes work. The only difference is that instead of becoming wealthy in a short amount of time, you make money, and a lot of it, at a slower pace.

And the pace is slow for good reason.

  • It’s Cheaper. Because you have time to build your money-making business, you don’t need a lot of money to start up your money-making scheme.
  • It’s Less Scam-filled. You have a less likelihood of being scammed if you take the slow and steady approach. The scams are far and few when it comes to telling you that you’ll make money if you work for a year or two to get what you want.
  • You Have Time To Plan Your Ideas Right. When you make money quickly, you don’t have a lot of time to understand how you made that money (so that you can do it again, if you need to), nor do you have a lot of time to think about how to save that money, so that you don’t spend it just as quickly as you made it.

Get Rich Slowly Does Require Some Effort

It does need to be said that getting rich slowly does require you to put some effort in. I may require you to put in a lot of time away from your friends and family. It may require determination to stick with it, even when it seems to you that you’re not making anything.

Many people like get-rich-quick schemes because it’s just that – very little effort for a lot of money. Unfortunately, circumstances just don’t work that way.

But, if you choose to be disciplined, and put in time, effort, and resources, you can be able to reap something that is just as good, and even greater than any get-rich-quick scheme.

The Best Get Rich Slowly Scheme I’ve Found So Far

I’ve found one site that has a pretty decent get rich slowly program, and it’s what I’m currently using to make money for myself. And that site is called Wealthy Affiliate.

Wealthy Affiliate has helped me a ton in understanding how to make money online, and do it for a pretty cheap price. I actually made my first $10 from them. You know how much it cost me?

Nothing!

They have a free starter membership that gives you a course beyond compare. They teach you how to build websites, and make money by blogging on them. I’ve since upgraded to their premium membership, and I can tell you that they have even more to offer with it.

If you dedicate yourself to making money and a lot of it, and aren’t afraid of putting hard work into it, then I would recommend Wealthy Affiliate.

Give yourself a year or two, and you’ll have a full-time income, provided you follow the instructions to the letter. I’ve read of people making over 7K per month after their second year. I read of one guy who within less than a year was making around 4K per month.

Putting Getting Rich Slowly Into Perspective

Some may object as to how much time you’ll need to wait to make money with a get rich slowly scheme. In reality though, two years isn’t that long at all.

Did you know that people go to College or University for 4 years, after which when they graduate, they are usually without a source of income, and in thousands of dollars of debt?

What if, instead of going away to study/learn something for four years, you put all your focus into a business? In less time that it takes you to graduate with a four-year degree, you can have a business that makes more than you would make if you had the degree, assuming you’re dedicated with your business plans.

Two years is nothing in comparison to the time that some of you reading this have wasted looking for get-rich-quick schemes. Some have searched for those types of schemes for over 4-8 years now.

Instead of searching, hoping to find something you’ll never find, why not put your efforts into something that will take more time, but return you wealth that can rival even the great get-rich-quick scheme?

That’s why I would recommend you check out my review of Wealthy Affiliate.

Who knows? You may just find what your looking for, and find a way to make money slowly, something that will allow you to finally live that life you’ve always wanted to!

4 Replies to “What Is A Get Rich Quick Scheme? What You Need To Know!”

Leave a Reply

Your email address will not be published. Required fields are marked *