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Online Scams Epilogue: How to actually make money on the Internet

So, how do you make money on the Internet?

Perhaps I’ve given the impression that it can’t be done, but that’s not true. However, the answer may not be what you want to hear.

Basically, you have to have something or create something that other people want, and figure out how to deliver it over the Internet.

The easiest way is the most obvious: sell things on eBay. If you have a supply of antiques, collectables or anything else lots of people desire, create an eBay account and go for it. It’s probably not going to be a full-time career or bring you millions of dollars (unless you’re extremely shrewd), but it can be a source of income that doesn’t involve a ton of work on your part.

Other than that, you pretty much have to create something. If you make things by hand, there’s a site called Etsy that allows you to put up a “store” for your wares. Again, it’s probably not going to be a career, but it’s a way to leverage a hobby into extra income.

The blogging world has some success stories. A lot of sites (I Can Has Cheezburger? comes to mind) that have become cultural icons are essentially using a fairly standard blog format. They mostly generate income through advertising revenue (and some of them get book deals later on).

It’s tough to do, but it can be done. Remember; Google, Yahoo!, MySpace, Facebook and Twitter were all created by small groups of people with ideas for sites people might like.

So that’s how you make money on the Internet: create content that people want, or sell a service or product. Perhaps there was a time when putting up a page with nothing but paid links to other sites would have worked, but those days are long gone. The Internet just isn’t “neat” enough anymore, in and of itself, for that sort of thing to work. You’ve got to create your own business on the Internet. It’s not easy, and you might fail over and over, but I hear it’s a pretty sweet life when it works.

Well, don’t be PARANOID, per se.

All this talk about fraud and identity theft can paint a pretty grim picture of the world.

This is not the intent of the Fraud Prevention Unit.

The point of this information is to help you know what to look for when it comes to this type of crime. You have to be watchful, but to become cynical and paranoid is taking things too far.

We each have an individual view of the world, a lens through which we view ourselves, other people, society and life in general. We each have a set of values and beliefs that influences how we perceive every single piece of data we encounter.

This is a good thing. It’s what makes us all different, and that keeps life interesting. But this flipside is that, whether we realize it or not, we also seek confirmation of those same values and beliefs. We seek out those things that reinforce our view of reality, and reject those that would contradict it.

If you convince yourself that “everyone but me is dishonest and is trying to steal everyone else’s identity and money,” you will end up only seeing those things which confirm this view of the world.

Without realizing it, you may even set yourself up to become a victim, since you expect it to happen all the time anyway. For example, if you always expect to be ripped off, you may actually decide to take your car to a less-than-trustworthy mechanic, without realizing why you even made this decision (your subconscious desire to prove that the world is an ugly, terrible place with nothing but bad people in it).

The fact is, most people are honest. Even in a crummy economy, if you drop your wallet, most people will try to return it to you. There are so many people doing good things to help out others every single day, all around the world. Let yourself see it. Sure, you’re getting phishing emails a couple times a week, but those are coming from a very small number of criminals. Be alert, but don’t let yourself become cynical. Life is just no fun that way.

Stay Vigilant

Nobody is ever 100% safe from fraud, scams or identity theft. Even if you’ve done everything possible to prevent becoming a victim, it can still happen.

Take, for example, the data breach at Heartland Payment Systems a few months ago. Through no fault of their own, thousands of people experienced unauthorized use of their credit or debit cards. It wasn’t that they fell for a phishing email or a fake phone call. They simply made a purchase or two at a store or restaurant that used Heartland as their card processor.

However, there is no reason to panic. By taking simple steps to stay safe on your end, you can drastically reduce your chances of becoming a victim of fraud.

The key is to be informed and vigilant. Know what the threats are, know how to spot a scam and keep a close watch on your financial statements, and you’ll be miles ahead of where the crooks would like you to be.

That’s why REGIONAL Federal Credit Union is bringing you this new website. We believe that education is key to achieving financial security and independence.

It’s not all doom and gloom, though. In fact, it is my aim to make this site as entertaining as possible (despite the admittedly bone-dry seriousness of this first post). I’ll be posting some Video Dispatches from the FPU very soon. Be sure to check those out. There’ll be enough weird props, strange pop culture references, silly music and bad acting for everyone, and you’ll learn something, too.

I’ll be learning, too. After all, there are new variations on these scams popping up all the time. It will be a chore to keep up, but I will do my best. In the meantime, questions, comments and suggestions are always welcome! Use the comment function below, or email me directly at cturpen@regionalfcu.org. Also be sure to follow the FPU on Twitter (@fraudprevunit). I’ll be posting tips and updates there as well.

And always remember: stay vigilant.