Coupon business scams

By Mr. Work @ Home, Publisher of WorkAtHomeTruth.com

How coupon business scams work

Cents-off coupons have become a virtual goldmine for con-men and hucksters who offer work-at-home opportunities featuring coupon certificate booklets and coupon clipping services.

The promoters of these scams promise earnings of thousands per month simply by selling coupon certificate booklets or cutting coupons at home.

How the coupon certificate booklet scam works

The scam artist sells people the opportunity to sell coupon certificate booklets. The buyer is told that her or she can sell the booklets to consumers for as much as $20 to $50 each

The coupon certificate booklets include 20 to 50 certificates, each redeemable for $10 worth of grocery coupons. So this supposedly makes each coupon certificate booklet worth between $200 to $500 in coupons. To get the actual coupons, the person who buys the booklet must complete and mail a form, choose 30 to 50 products from a list and include a self-addressed, stamped envelope and a processing fee.

The claim is that the person reselling the booklets should make big profits selling the booklets to consumers. And consumers should save money by using the coupons when buying groceries and/or other items. The truth is, the only one who makes any money is the scam artist selling the "Coupon Booklet Business Opportunity" in the first place.

The people who spend the money to buy the certificate booklet distributorship almost never make their money back, often leaving them hundreds of dollars or even thousands of dollars in the hole.

And the consumers who buy the coupon certificate booklets lose, too. They end up paying substantial processing fees and postage for the coupons. For example, to redeem $500 worth of certificates, a consumer might pay postage and processing fees of over $100. And don't believe the false claims that coupons have no expiration date. Only a very small portion of coupons issued by manufacturers have no expiration date.

How coupon clipping business scam works

The counterpart to the coupon booklet scam is the coupon clipping scams. The scammers make overblown promises about the amount of money you can make working at home clipping coupons. Often these income claims are completely unprovable and basically lies.

You've probably figured out by now the sometimes these clever scam artists will use coupons clipped by consumers to fill orders from other consumers who redeem the coupon certificates. However, here's the problem with this: many manufacturers prohibit coupons from being transferred. In other words, they often having policies stating that once a coupon is sold it cannot be redeemed by the retailer or manufacturer.

A better way to earn income from home...

I think the question you have to ask yourself is why did coupon businesses appeal to you? Is it the promise of the large upside potential? If so, then you may want to check out the detailed review of Google Cash review, one of my top recommended opportunities.

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Whatever you do, be sure to check my list of scams before parting with your hard-earned money.

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Coupon business scams