18 February 2011 - How to Start A HYIP Pt I

Hi! I believe the title must have caught you off guard today because I am actually NOT writing an article on How to start an actual HYIP (sorry to disappoint those who thought I was). Instead, I'm talking about How to start your HYIP investment journey. Sorry for the misleading title -- I just thought it would attract more attention this way :)

First of all, a good way to start would be to get a payment processor. There are currently several options, but I would recommend either AlertPay or LibertyReserve. For more reading, check out How To Win In HYIP With Payment Processors.

The sign-up process is fairly easy for any of the payment processors that you choose, but I would use different passwords and email addresses for each of the payment processors that you use (different from the email addresses and passwords you use for the HYIPs that you join) for the following reason:
Security
- for one, admins have knowledge of the password and email address you use for the HYIP that you join. Therefore, if you use the same email address and password, that'll be like graciously inviting the admin to take your money away from you.

After signing up for a payment processor, start to research the HYIPs that you'd like to join on forums, blogs and monitors. Some forums that I frequent quite often myself are TalkGold, MoneyMakerGroup and DreamTeamMoney. These are good resources because you can see actual feedback from actual investors, although there are quite a few paid voters as well. It takes some time to sift through all those posts, but I'll prepare a post on how to differentiate between paid posts and real, actual posts soon.

In the event that you find out certain HYIPs only accept e-currencies that you don't currently own, it's the time to exchange funds. Don't be surprised to find that there are numerous scam exchangers in the field today -- just a basic google search on "AlertPay exchanger" will return tens, if not hundreds, of unverified exchangers. Please note that it is against AlertPay's Terms and Conditions to exchange funds without verification from AlertPay. Read more about this on Where To Exchange E-Currencies. Generally though, verified exchangers, no matter whether it's LibertyReserve or AlertPay, should have Verified seals on their page. So a rule of thumb is to always check whether the seals are present on the sites.

That's it for today's Part I of How To Start Your HYIP Journey. Tune in soon for the second part! :)