In the digital age, making money has become easier than ever. There are endless ways to make extra money with just a click of a button! However, amidst such moneymaking schemes, some can leave you worse off than when you started. Here are some ways members of an online community think are the worst ways to make extra money in today's age.
MLMs: Losing Riches and Friends
One user articulates that multi-level marketing schemes promise you the world but leave empty pockets and a garage full of unsold products. Persuading your friends and family to purchase essential oils? Being coerced into recruiting more people by your uplines? Big pass!
Medical Trials: Becoming the Lab Rat
There are a multitude of unscrupulous companies out there that may not be fully transparent about their testing. Potentially subjecting yourself to all types of dangerous side effects in exchange for some cash is not the way to go, says one member.
Paid Surveys: Threat to Privacy
You may think simply answering some questions is worth the money you're getting. However, many online survey websites will sell your valuable information to third parties without your knowledge. There are legit ones, too, such as Survey Junkie.
Clickbait Content Creation: Influencer to Infuriating
Do you sometimes find yourself completely immersed in your phone, curious about the ending of the video you're watching? The awaited ‘You won't believe what happens next' swiftly converts to a black screen without any conclusion.
Such content may get clicks and generate revenue, but it damages the creator's credibility in the long run. No one appreciates feeling duped and unsatisfied!
Affiliate Marketing: Putting Work in for Peanuts
Unless you have thousands of trusted followers on your social media account, affiliate marketing can be quite underwhelming. Many say that spending endless hours creating content for someone's product only to see minimal results is not worth it. Instead, one may look into selling a product of their own!
Crypto: Volatile and Risky
It's the latest big thing circulating on the internet! While it may seem tempting to invest in crypto, it actually involves massive risk with no guarantee, according to a member. Unless you have in-depth knowledge, do not jump on the bandwagon and potentially lose all your savings.
Selling Body Fluids: Blood, Sweat, and Tears
One user shares that exchanging your blood, sperm, and eggs for cash can have negative health consequences, an emotional toll, and put you at risk for exploitation. It's common to face low blood pressure, dehydration, and fainting. Yikes!
Pay-to-Play Gaming: Sucker Punch
This is a surefire way to lose money. Instead of being paid, you lose more money making those in-game purchases and getting upgrades and subscriptions. You may believe by practicing the game, you will start winning tournaments, but as members point out, the chances are just as odd as winning the lottery. The addictive nature of these games can quickly drain your bank account.
Renting Your Vehicle: Not Fast, Just Furious
It may seem like a brilliant and easy idea to rent out your car, but it can end up costing you much more. Constant wear and tear can lead to costly repairs. In the event of an accident, you may find yourself being sued! Ultimately, the potential risks and hassle may not be worth the money.
Payday Loans: Getting You Closer to Mayday
A member mentions this method of earning may bring in substantial cash but only at the cost of putting others in a cycle of debt. With extremely high-interest rates, those in need may borrow but eventually be unable to pay it off, causing the scheme to fall flat on its face.
This thread inspired the post.