Today's seven-point lesson is on evaluating the validity of a request for a deposit.
Fast - Do they want your money NOW? Insistence on a deposit without receipt of product must be backed up by valid paperwork and my seven-point process to make certain you’re protected.
Funds - Is the investment required relevant to the promised payoff? Often a con artist will require an unusually small deposit because they know it’s all they’ll get because you’ll never get the product.
Found - A person who intends to rip you off will make certain he cannot be found after he gets your money. Never provide a deposit until you’ve made certain the person is legitimate and can be found.
Define - Your deal by comparing Product, Offer and Price. Normally, ten percent should hold an item. Never pay more than 50% upfront for an item to be delivered in the future.
Ensure - Your deal with an Ethical negotiation, an Equitable contract, and an Effective Guarantee. This is your best opportunity to safeguard your deposit and make certain it can be refunded.
Authenticate - Your deal by requesting References, checking reviews, and reviewing watchdog reports. Reviews will expose companies that collect deposits and don’t deliver. Absence of reviews is a red flag.
Legitimize - Your deal by figuring out if the company has a business license, liability insurance and is Lawsuit and background searched. Companies that follow these rules are more likely to be legitimate, but it’s not a lock. Be sure to follow all of my seven steps!
