Spot the Scams and Keep Your Cash: Side Hustles and How to Avoid Getting Duped!

So, you're looking to make some money online? Awesome! The internet is full of opportunities these days. We often come across random messages on WhatsApp, emails, or online ads to participate in user research or join a user panel and get paid exciting incentives. While joining a user panel allows people to connect and build something extraordinary by sharing their opinions, it is important to be aware of the not-so-fun side effects - scammers, and what you can do to avoid them.

Rule #1: Do Your Research Before You Dive In

Think of yourself as a detective before you jump into any online money-making opportunity. Check out reviews online and see what other people are saying about the platform or opportunity. Meta, Instagram, and Glassdoor are great sources for conducting a background check.

Rule #2: Red Flag Alert: Double-Check Those Credentials

Legit companies will usually have a physical address and phone number listed on their website. You should also look for certificates or affiliations that show they're the real deal. In Singapore, for example, a UEN number is like a government-issued ID for companies. If a company doesn't have one, that's a big red flag.

Rule #3: Free money isn't real.

One golden rule that must be followed - nothing is free. When trying out different opportunities, make sure you contribute to something meaningful. Real work takes time and dedication. If someone's whispering sweet nothings about mountains of money for barely any effort, it's time to unleash your inner skeptic and dig deeper!

Giving constructive feedback to companies so that they can improve customer experiences and products is a great way to contribute and earn!

The reward after truly engaging is priceless. Free work for free money is a nada!

Rule #4: Be a Payment Pro: Use Secure Channels

When it comes to getting paid, stick with well-known platforms like PayPal, FAST, or other established online payment gateways. These channels have built-in security features to keep your money safe. Avoid anything that seems shady or unfamiliar. Never share your PIN, password, or OTP.

Rule #5: Stay informed

Scammers are always coming up with new tricks, so it's important to stay informed. Check out websites from government agencies or consumer protection groups. They'll have the latest info on common scams and how to avoid them.

Note: Stick to official websites and platforms! Go through privacy policies that are easily available on companies' websites to avoid risky business. To know more about cyber security and be aware refer to CSA and NCPC.

By following these tips, you can turn your side hustle dreams into reality without getting scammed. Remember, a little caution goes a long way when it comes to protecting your money online while engaging in something meaningful. So, get out there, explore those online opportunities, and make that extra cash – safely!