Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
It certainly is.
A project should be focusing on its development and that's what they should boast of and not on how much money you can make. If they have that type of guarantee and promise, it's likely that they'll giving false promises and that should be taken into account by potential investors.
Money will follow the project if the development is great but there's no guarantee that even it's successful, they're still prone into some rejections and possible losses at the start.
A good project is definitely the one that would talk about their project and not the ones that would consistently be talking about the profit that their investors would be getting from it, because they already know that showing true investors their plans is what would convince them to invest in the project and not really talking about the profit.
You don’t just be telling investors that they would be making up to 20% and you can’t elaborate on what it is really all about and how that profit would be coming. Such thing wouldn’t make sense to any investors that has been in the business for long and knows the in-and-out of it. So, it’s definitely a red flag for most of the people.
Its always unavoidable for most of the projects to create promises because that is one way to get the attention of investors. But if those projects keep on talking and boasting on the future profits that the projects will make, i guess that will make you alarm. Because most of the successful projects are only silent while hitting their goal or mission, and they are more serious on achieving the positive outcome of the project, and that profits is the last option to be discuss of. And once they end up reaching the expected value or goal and be able to achieve its high return on investment, then these projects are definitely legit and successful, and not bound to create red flag for us.