Inexperienced people fall for a well-dressed up “get rich quick” scheme.
Over at Blue MauMau they’re saying that 70% of advertised franchise “opportunities” are bogus (ie. not investment worthy).
You should be wary of people promising “quick riches”: even if you seem to have to “work” for them,
This desire to get something for nothing has been very costly to many people who have dealt with me and with other con men. But I have found that this is the way it works. The average person, in my estimation, is ninety-nine per cent animal and one per cent human. The ninety-nine per cent that is animal causes very little trouble. But he one per cent that is human causes all our woes. When people learn – as I doubt they will – that they can’t get something for nothing, crime will diminish and we shall all live in greater harmony.
– Chapter: Early Adventures in Chicanery, The Con Game and “Yellow Kid” Weil, W.T. Brannon, 1948
Something for nothing (or some “bargain”) has proven very costly to many franchise investors.
But very profitable for those skilled in confidence games techniques.