Click Profit is an online business paltform promoted on social media and through websites that claims to help consumers generate passive income by setting up and managing e-commerce stores on Amazon, Walmart, and other platforms. The US Federal Trade Commission (FTC) has taken action against the "Click Profit" business opportunity scheme for allegedly earning $14 million while deceiving consumers with false promises of guaranteed passive income through online stores. "The complaint highlights actual statistics on Click Profit's stores, which are mainly on Amazon, showing that after Amazon's fees, more than one-fifth of the company's stores on the platform earn no money at all and another third earns less than $2,500 in gross lifetime sales," reads FTC's announcement. According to the FTC, Amazon terminated 95% of all stores created by Click Profit created on its platform, leaving the owners, who made a significant investment, with no way to recover it. For the few stores that did generate revenue, Click Profit allegedly pressured consumers into reinvesting their earnings to buy more inventory instead of keeping the money. FTC's complaint seeks to hold the company's operators accountable for their deceptive practices, recover money for defrauded consumers, and permanently shut down Click Profit. The FTC announcement says that in most cases, as soon as Click Profit stores were created and added to the e-commerce platforms, they were blocked or suspended. Click Profit's websites and advertisements allegedly claimed to offer a "$150k sales gaurantee," giving the impression of guaranteed investment returns and a steady passive income. The FTC says that Click Profit's main operational model is to make a direct profit from "management fees" associated with setting up online shops and purchasing inventory.
This Cyber News was published on www.bleepingcomputer.com. Publication date: Wed, 19 Mar 2025 16:40:05 +0000