If you’ve searched around the Internet for different ways to make money online, there’s no doubt that you’ve come across the term “HYIP”. You might have just skipped it and paid it no mind, but if you’re reading this article right now, you must have questioned what the term encompasses. HYIP stands for “High Yield Investment Programs”, which covers all programs, offline and online, that are used to invest money to receive a higher yield than you would normally get at a bank.
But that doesn’t necessarily mean that it’s a safe and solid investment. Look to HYIPs as more like gambling than an investment, and only use money that you can afford to lose. HYIPs basically take the investments of their members and invest them as a whole into more standard investments, including stocks, high yield bonds, foreign exchange trading (FOREX), or other programs. It works almost like a loan to the creator of the HYIP in which they pay you back with the profits that they gain on your money, kind of like interest on your principle.
HYIP online programs have different interest payment terms, and you need to know all the rules before you join up with one. They can either pay a daily percentage, which is usually in the range of 1 to 10%, weekly, which can pay anywhere from 5 to 50%, and monthly, which can pay anywhere from 20 to 200%. Make sure that you find one that meets your needs in terms of profit gains, such as if you’re doing it short term or long term. Studying all the site information, including the FAQ, the terms and anything else you may come across is a good idea if you want to know what’s happening with your hard-earned dollars.
Starting off with a HYIP online is simple, since all you have to do is register with them and then deposit some money into your HYIP account using the payment processor that they outline. The profits are paid out to the same processor to streamline the process.
Now that you know the basic gist of HYIPs, let’s dive into how you can get to making money through these High Yield Investment Programs. We touched on it a little bit in the HYIP EXPLAINED article, but the ins and outs of HYIPs and how to make money off of them requires a little more substance to the entire process. Here are some tips that you should keep in mind when you’re preparing to dive into the HYIP world.
As mentioned in the previous article, make sure you don’t invest money that you can’t afford to lose. Do some number crunching to prepare a budgeted allotment of money that you know you won’t become homeless or have the power cut off if you lose. It’s a general rule with any investment, but it holds true even more so in the HYIP world. Another way you can lose your money real quick besides the investments going bad is having someone gaining access to your account and running it dry. With any account that involves money, you should have a strong password linked to it, and change it often. It’s just an added layer of protection that you need to make sure your money is secure.
Don’t expect the entire process to be piece of cake. Putting your money into a program you spent seconds choosing and then forgetting about it all, hoping to see millions in your account month later is most certainly a bad strategy. You will have to find out a lot and keep track of your current progress to switch programs if any of them performs bad.
Next, don’t be greedy with how much money you can make. You’re already going to make more than a yield with a bank, so why push it when it comes to how much a certain HYIP pays out in returns? If a return rate is much higher than others, it’s usually a red flag and you may want to avoid it. Be sure to do your homework about any and all HYIPs that you join. Also, before you join any program, be sure to read the terms and conditions of the site in great detail. If you don’t know what you’re getting into, you won’t know if somethings wrong until your money is gone.
By now you’ve probably seen a good amount of HYIP sites on the net, all with their own set of earning potential promises, all with their own terms and rate of returns. The main thing you’re going to notice is that they all wind up looking the same, don’t they? But don’t be fooled by looks and imitations. Some of them are just fronts for scammers, while other ones are rock solid and out there really trying to make money for you. Luckily, there are sites out there devoted to helping you make an informed decision on all of these sites before you put your money at risk.
The first place you want to look for information regarding any HYIP programs are rating, or monitoring sites. The good monitoring sites with a lot of traffic will give you the best possible insight into how a program is performing, whether it’s paying its members regularly, and how it rates compared to other HYIPs out there. They contain enough information for you to choose, and the more user feedback a site offers, the better it is for your purposes.
Look around the monitoring site and see which programs have the most votes, as well as the most positive votes. A site with a lot of votes, but on the negative side, should immediately be taken off your probable list. A site with only a few votes, but all of them positive, should have a red flag raised. It could be that it only has a few votes because the admin is actually the only one voting for it, or it could just mean that it’s too new to get any accurate measurement of how it’s performing.
Message boards devoted to HYIP discussion is also a good place to get more information about good and bad HYIPs. You can check the comments on each program, and whether people are being paid or not. You can also keep track of any changes to the program throughout the life of the HYIP. Probably the message boards are one of the fastest and most informative ways to keep track of the current HYIP tendencies. You can choose a program by reading what the other folks say, and you can switch programs once you get any suspicion.
There’s a good general rule of thumb in life that also applies very well in the world of HYIPs: if it seems too good to be true, it generally is. This applies to the HYIP world when you have sites that offer unrealistic return rates, like 100% a day or more. Sure, they may pay off for a day or two, but they’re mostly just trying to create a strong membership foundation before taking their money and running. But just because that happens doesn’t mean that you shouldn’t even bother investing at all in HYIPs. It just means that you have to be vigilant in order to maximize your profits. Here are some ways that you can scrutinize a HYIP to see if it’s the right one for you or not.
All HYIPs are risky. But then again, so are stocks, bonds, mutual funds, FOREX trading, and most other investment realms. It’s just that in this case, if you make intelligent, well thought out choices, you stand to make lucrative profits quickly. Look deeper into sites that have earning potentials that are congruent with your goals for making money.
Some HYIPs are longer term, meaning you’ll make a healthy profit months into the cycle, while others are shorter term and allow you to make more money quicker. Each one has its risks and rewards, and that’s why it’s important to map our your conquest before setting out into the world. That’s also why it’s important to diversify between different programs. Not “putting all your eggs into one basket” allows you the security of knowing that if one program fails, you still have others to back it up. Divide your money up according to your earning goals between the different programs you choose, and you’ll be able to have a healthier portfolio, just like in the stocks and FOREX and FTSE world.
All in all, you want to be cautious and aware about how the HYIPs do business. If there’s anything confusing or fishy about the site, just look for another one you feel comfortable with.