Scams How to spot them in Your Industry!

Protecting the consumers from the robbers!

Roy McDonald, what is a scam?

If we look at the history of a word or the origin of that word, weather it is the meaning of that word in another language or how it is a acronym of a word (slang) we can better understand how to proceed in our situation. If we search around on the word scam we can find some interesting results, on wikipedia we can see the true origin of the words history where it was first used and in what context. Here is a quote from the history of the word scam ;

History

The first known usage of the term “confidence man” in English was in 1849; it was used by American press during the United States trial of William Thompson. Thompson chatted with strangers until he asked if they had the confidence to lend him their watches, whereupon he would walk off with the watch; he was captured when a victim recognized him on the street.[1]

The true meaning as given on wikipedia is;

confidence trick or confidence game (also known as a bunkoconflim flamgafflegrifthustlescamschemeswindle or bamboozle) is an attempt to defraud a person or group by gaining their confidence.

If we take this a little further and look at the word confidence;

Confidence is generally described as a state of being certain either that a hypothesis or prediction is correct or that a chosen course of action is the best or most effective.

We can start to see that a “confidence trick” (scam) is something that is really up to market forces, as the term would surgest in real estate, “When the market is right, it is right and when the market is wrong, it is right!” This just means that no one really makes the definition singularly, it is a variety of sources that determines the result.

market is any one of a variety of different systemsinstitutionsproceduressocial relations and infrastructures where by personstrade, and goods and services are exchanged, forming part of the economy.

This means that we are always changing and there will always be a negative and a positive to the question, (is this or him or her a scam) what you will need to do is keep yourself up to date with the changes to the situation as tomorrow the market may change. Roy has a saying that goes; Planes fly into buildings! So you can never predict and you must always expect the change will come, it maybe the only prediction you can make.

How will this effect you in the evaluation of a scam? Well lets say a person was involved in being accused of scamming (confidence tick), and they then looked at what they where doing from the perspective of the person that had accused them of this, then change what they where doing. Would this person now be more aware of its consumers? Would their product or services be more in tune with the market now (remember the market is always changing) or would the person that had not had this experience become the one who is not with the times or timing of the market, now could be the one accused of scamming? It can be difficult for a consumer to find the true path they wish to take. That is why I believe a lot in the teachings of my mentor Roy McDonald. He has a primary focus of you purpose in life and where  you want to go and who you want to be. This will cut your decision time down in a big way. You will be well aware of what you want to do and where you want to be thus understanding that industry, product or service better then the average consumer, therefore being able to make a better, educated decision promptly. Have a look at Roy’s Seven Year Plan here this may help you create a future that is more focused and give you more clarity. You should also look for other mentors online that provide a lot of good free advice like Brad Sugars free ebooks.

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March 8, 2010 Posted by | Business, Consume, Consumer Scams, Courses, fraud, government resources, Real Estate, Report a Scam, Research sites, Scam Games, Seminars, Share Trading, State Resources, Superannuation, Training | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment