HYIP is the abbreviation for High Yield Investment Programs and have grown to be quite popular over these past few years. Many individuals have resorted to the use of HYIP’s as an easy way out to earning the fastest cash possible. But there are quite a few misconceptions when it comes to HYIPs and not all of them are a safe bet. Many people actually wonder if HYIP’s are legitimate and whether they can provide a good source of income.
But observation and experience has led me into believing that HYIPs can and should be considered nothing more than a scam. Many of them don’t even try and make you aware of the risks involved beforehand and some even shut-down before making a single payout.
Despite the many factors involved in making an HYIP successful, there are too many unknown variables to know whether or not that next HYIP will be your next bet at making money. To give you an example, Traffic Monsoon became immensely popular over the past year. But because of dwindling profits, return on investments came to an all-time low at the beginning of 2016. Many lost their deposits and investments and as a result, did not receive anything in return. Needless to say, here are 10 more reasons for you to not attempt or try an HYIP as an easy way out.
Reason #1. Hard to Trust
The first reason you should think twice before investing into an HYIP is because of their trustworthiness. Many HYIP’s today consist of admins or owners who simply want to take your deposit and run. Sure, they’ll try and promise you some kind of return and tell you it’s not guaranteed and before you know it, you’ll wonder why you haven’t received a withdrawal into your account.
Reason #2. Banned Accounts
Here is another reason very similar to #1. But as a result of the low trustworthiness with these HYIP’s, you shouldn’t be surprised if for some reason you suddenly can’t log into your account, especially after having made a deposit. If you take a look at this Triple Thr3at post, you’ll see a lot of people who’ve had this same complaint and many more such as Adrever and HQ RevShare, but these are just two examples.
Reason #3. Not Sustainable
The most common problem with HYIPs are the fact that they are simply unsustainable. No matter what they tell you, never believe for a second they’ll be here for the long-haul. MAPs or MyAdvertisingPays for example, tried to make this
claim that they weren’t going anywhere and were here for the long-run. Despite their good intentions however and the fact that they are still operating, profits on their adpacks have come to an all-time low. If you were to join today and begin buying adpacks, you could expect to make no more than few measly cents a day.
Reason #4. Time-Dependent
One of the biggest factors to seeing any success with an HYIP (assuming that they’ll be around for a bit) is when you join and begin making your deposits. Join a bit too late and that investment could have been made all for nothing. For example, if you were to join Traffic Monsoon today, you’ll have a lot of trouble trying to make that money back.
Reason #5. In Order To Make Money, You Must Spend Money
That is the main rule in this case. A lot of individuals think they can go into an HYIP, make a few $10 investments, and make $1,000’s in return, but that’s not true. In order to make a lot of money with an HYIP, you need to risk putting your own money down on the line. In order to make $1,000’s you’ll need to deposit at-least a $1,000, while also understanding that you might not make back anything in return.
Reason #6. Calculated Risk
In addition to your investment, it’s very important to understand that it will take time for you to recoup your investment. Could be 1 month, could be 6 months.. It depends on a wide variety of factors and it’s important to be aware here that in order to make a profit, that HYIP needs to still be running through out that duration.
Reason #7. Traffic Is Cheap
Generally speaking, traffic is awesome and is the foundation for any brick and mortar, local, or online business. In order to have a business, you need traffic. But in the case of HYIPs, the traffic your purchasing with your adpacks are simply not worth it. No one cares about what offers you have to promote. But are there for the same reasons you are, which is to try and profit as quickly as possible.
Reason #8. Unethical Profits
This is just a view I personally have of HYIPs, but of course everyone will have their own different thoughts and opinions on this. But after having had a lot of experience in investing in these HYIPs, one could easily view this as an unethical means to making a profit.
Essentially, money is being rotated in by the newest to oldest members and those that are at the most risk are the members who’ve put the most money down on the line and are the newest to join.
As a result, people left and right have lost their investments since all that money is being compounded onto the oldest adpacks. Once deposits have slowed down or adpacks get maxed out to the point where the withdrawals are too large, that HYIP is no longer any good.
Reason #9. Payment Processing Problems
Another common issue we’ve seen with High Yield Investment Programs, are payment processing problems. For example, Traffic Monsoon withdrawals were going smoothly until one day PayPal caught onto what was occurring, didn’t see it as a legitimate business, and completely cut ties with the program.
Therefore, everyone that was depending on TM for their PayPal withdrawals, could no longer use that payment processor resulting in a lot of lost profits & investments for those individuals. Same thing occurred with MPA or My Paying Ads. If PayPal is no longer associating with these HYIPs who knows how many more they have or are willing to do the same with.
Reason #10. An All-Or-Nothing Approach
That is exactly what HYIPs are considered to be.. An all-or-nothing approach. You go in big or you don’t go at all. But the thing with this idea and approach is that it will not always work in your favor. With all these new HYIPs consistently opening up and shutting down, it’s very hard to tell which ones will last long enough, which ones will pay out, and which ones you can trust with your money.
It’s especially difficult to tell the motives and intentions of the admins, thus weakening your confidence in your investment. The best HYIP’s out there are truly the ones that don’t shut-down a month or two later. But even the ones that do remain, have a tough time sustaining through those awful declining returns.
When it comes to making money online, my advice for you is to avoid taking the easy way out. As time and time has shown again, slow and steady wins the race and it’s done through work, effort, and providing value. That is how you overcome any hurdle and obstacle within the realm of online marketing, and to be honest, it isn’t all that hard. With the right approach and right methods, you can easily avoid the hassle of having to depend on these unreliable and risk-taking HYIPs, for years and years to come.