This, perhaps, is a million dollar question. I doubt if anyone who can answer this question confidently, as there are many shapes, shades and sizes of HYIPs out there. Many more springing up every day. However, there are key indicators to look out for when selecting a High Yield Investment Program (HYIP) to invest in. Some of these key indicators include:
Registered Company
Most HYIPs are run by group of private individuals who are not subject to any form of regulation. However, there are HYIPs sites which are hosted by registered companies. A quick search in online company search sites like Dun & Bradstreet can give you an idea or two about the validity of claims of company registration. Look out for phone numbers, and existence of country or regional representatives.
Program Website Design
Does the website hosting the HYIP look professional enough? Or is it hurriedly put in place? The odds are, if the site is not professional, ditto for the administrators, and indeed the service. Sites hurriedly put in place, with less than professional feel, most often than not scams quicker than professional looking ones. Read through the company profile, mission, and FAQ page for professionalism, paying attention also language and construct.
Look out for identity assurance 'stamp' from reputable companies, the Secure Socket Layer (SSL) for date security and encryption, DDOS (Distributed Denial of Service) protection, etc.The more expensive the set-up the less likely of it scamming too soon.
User support and Interface
What kind of user support is available on the site? Does the HYIP have an online 24/7 chat/enquiry support? Is a personnel assigned the responsibility of responding to enquiry on the system? In case of offline support system, are email messages responded to in timely manner? How helpful and professional do you rate the responses you received?
How much is spent advertising the HYIP?
A HYIP that engages in expensive and extensive advertisements most often tend to be relatively stable. Perhaps, because it will take a longer time to recoup the money spent in advertising, or maybe because the owners are serious about their business.
There are many things to look out for in a HYIP, the above been just a few of them. However, a HYIP may have all the above features, yet scams sooner than you could recoup your initial investment, hence while investing in HYIP can be very rewarding, NEVER invest any money you cannot afford to lose - that is the GOLDEN RULE in HYIPs. In the next blog, I will take you through some of the plans and strategies I have mapped out to help me reap rewards from HYIPs. See you there...
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