[ Continued from Anyone heard of income4beginners? - Page 17 ] If you're looking to make money online, I'm sure you've seen ads for a program called Income4Beginners, which claims to show you how to "turn your computer into a 24/7 ATM machine!" Normally, I don't pay much attention to ads like this, but when scanning the fact that the author, Jon Davies offers a free e-book that shows you how to do it, I figured, what the hell, I'll opt-in and see what the book is about. It turns out, the "Free" ebook is actually just a pitch for his offer. You purchase a package of various internet marketing software and e-books for $40. In return, he offers you the right to re-brand his Income4beginners page with a PayPal button that's set up for your e-mail, so that basically you promote the site (with your unique affiliate link), and every time someone signs up (so that they can re-brand the package themselves), you make 40 bucks. "Hey, it's only 40 bucks", I figured. Plus the fact of getting paid directly to PayPal instead of waiting for affiliate checks appealed to me. So I purchased Income4Beginners and began promoting it. After posting ads on free classifieds, I made a few sales. Not much, but about $120 total. Had I been promoting it hardcore, I probably could have made a lot more. Eventually, I noticed that I stopped receiving payments, even though I was still getting traffic to the sites where I was promoting I4B. Intrigued, I tried to order from my own page, just to see if the link was broken or something. It turns out, Mr. Jon Davies switched the payment processor from PayPal to Alertpay without notifying any of his subscribers. Kinda strange considering an abrupt change like that would have a pretty profound impact on your subscribers' sales (since PayPal is much more common than Alertpay). This alone pissed me off, as I knew that it meant fewer people would be able to order from me. But I had other stuff going on, so didn't really sweat it. Today, however, I checked one of the blogs where I was promoting I4B and lo and behold - No more I4B! You'd think Mr. Davies would tell his subscribers this. At least a farewell e-mail...something. But nope. Just gone. Bye bye. When I did a little Google searching on this, I came up with two interesting articles: http://www.ihatescammer.com/make-money-scams-investigated/income-4-beginners-2 http://www.associatedcontent.com/article/380654/income_4_beginners_the_latest_in terne t.html (The first link apparently is pushing a different product at the bottom, so disregard that part. But the basic story in the article sounds like what happened to me.) According to the second link, I4B fits most of the characteristics of a pyramid scheme. And now it's gone. Go figure. Mr. Davies also has another product called The Cash Magnet, which sells for $500 (although if you order I4B, he gave you a "special offer" where you could get it for $27). Similar to I4B, The Cash Manet (www.the-cash-magnet.com) is a collection of software, scripts and books - only this time, a significantly larger collection that Mr. Davies assures us is worth over $14,000, but he's letting it go for the low, low price of just 500 bucks. PLUS, he'll also let you re-brand the software so that you can re-sell it for a whopping $500 bucks straight to your PayPal account. I wouldn't be surprised if anyone involved in The Cash Magnet wakes up one day to find that it no longer sticks. Also, this $14,000 bundle of software was just a LITTLE bit over-valued, considering a simple google search reveals that most of these books and software products are available for FREE downloads at tons of sites. While I personally made money from I4B, I feel bad for people who invested a lot of time and/or money into marketing this guy's products, only to see it dry up overnight without so much as a word. Pyramid scheme or not, this was just bad business. And it taught me not to let my greed get me involved with fly-by-night operations, no matter what kind of sweet offers they're making. For anyone reading this, don't let this experience put you off of making money online. There ARE legitimate ways of doing it. Just stick with legitimate companies like Commission Junction or Linkshare and stay away from unscrupulous people like Jon Davies, or anyone else who promises to "Turn Your Computer Into An ATM". That's the lesson I learned the hard way. Good luck out there! Feel free to PM me if you have any questions.