Giving gifts is a part of everyday life, right? Well yes it is, but what about giving gifts of cash that is really a business without a product, in disguise? What makes this different than a ponzi scheme is it different than your typical chain letter?
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Cash Gifting Is It Illegal or Legal?
Here is the deal. Giving gifts is a part of everyday life, right? Well yes it is, but what about giving gifts of cash that is really a business without a product, in disguise? What makes this different than a ponzi scheme is it different than your typical chain letter?
How Does It Work
You begin by searching online looking for a real business opportunity and you end up on the landing page or website where someone is ripping open large envelopes filled with cash. They only show there hands they have no contact information other than an po box or something. Here is the claim, online business is really only about making money so why not just give the money as a gift and forget about the products. So to make money and start having others gift to you, you give a gift to a sponsor and their upline sponsor to then begin your chain of gift givers.
Scam or Legit
The claims are that these programs are legal as long as you follow certain IRS rules of “gifting”. Now here is how I look at it. These people do not have contact information on the sites other than a po box. They do not show there face and they are sending large sums of cash through the mail. This is nothing more than an online chain letter. What I know is that these gifting programs pop up and are typically here for a bit than disappear. Why? I can’t answer that. You will have to use your judgment on that.
So is Cash Gifting a Scam or Legit, my conclusion is that I would not want anything to do with a business that is on the border of honest and ethical as well as one that could potentially have legal consequences. If you choose Cash Gifting as a business, remember that with any online business you will need mentoring and training to learn how to drive large amounts of traffic to your web site. How will this happen if your sponsor is hiding his or her identity? If this is not right for you, I would partner up with a team of successful online marketers who will train and mentor you how to make money online.
By Joshua Valentine. Joshua Valentine is a top internet marketer who works with industry leaders from around the world. He has a passion for helping others achieve their goals, dreams and aspirations. To learn more about Joshua Valentine and his team of Marketing Mentors Click Here. Article Source: http://EzineArticles.com/?expert=Joshua_Valentine
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The review "Cash Gifting Scam or Legit – Cash Gifting Is It Illegal or Legal?" was last updated on 24/10/2009.