April 24, 2024

Diabetestracker

Passion For Business

How to Verify the Validity of a Business Venture – Part 2

Following on from the last article that I wrote a couple of weeks ago I undertook some more analysis of the techniques that I used when I tried to decide if the online opportunities that I found were real or if they were scams. As I had indicated in that article there is a range of opportunities that show up when you do a search on the many search engines that are available to you. I described three techniques that you can use to verify that a business venture is valid in that article. In this article I will give you a few more tools to help you verify if a business venture is real or if it is a scam.

One of the best methods that you can use to verify if business venture is real is through a business meeting. As the prospective investor you can set up a meeting with the person or company that post the information or sent the e-mail. This allows you the opportunity to actually meet the person that you will do business with while also providing a means for you verify source of the proposed business venture. For instance, if it is that your investment will be for certain types of products then it is well within your rights for you to ask the product representative to show you how the products work. As such, as an investor you will get the opportunity to see the product first hand when you have a business meeting with person or organisation providing the medium for your investment. One of the issues that may arise in trying to set up this type of meeting is that it may only be possible if both parties are near to each other or if either party is willing to spend the necessary money to travel to meet the other person.

A face to face business meeting is the best method to close out a business deal but it may only be possible to set up a meeting via technology. Teleconferencing is acceptable for some persons to get all the information that they need but I will suggest that a videoconference meeting be scheduled. Through this means both parties, that is, the organisation or person selling the opportunity as well as the organisation or person buying the opportunity will still have the benefit to see who they are dealing with. In this type of meeting the seller can give all the information about the business venture and there is still the perk for you to see how the products or service work. There is a common saying that “seeing is believing” and this type of interaction will only enhance the relationship between the parties. One added benefit of this type of meeting is that it is very cheap and you can set up this type of meeting through simple interfaces that most of us are familiar with such as Skype or Yahoo Messenger.

One other method of verifying a valid business venture is to use the product or service on a trial version. If a trial version is not available then the investor can choose to just buy a number of products from the supplier or ask for the person or organisation to do a similar service to that which they sell for them to see. This particular method is costly if the advertisement is a scam so it is advisable that you should use this method only when all others fail. As such, an investor should think seriously about the consequences before using this method verify a business venture.

Again, I must reiterate that if you cannot verify the information that you get it is highly likely that the information is untrustworthy. As such, you should only invest in a business opportunity that you can verify as a valid source.