Don’t you hate those moments when you realize that a company tricked you somehow? They sold something to you that isn’t meeting your expectations, but the employees at the customer service claim that you signed an agreement agreeing on the terms.
Everything’s legal, and there’s no option for suing anyone, and you’re left with the product that does no good to you. Everything seems normal; only it isn’t. These situations fall under unethical business practices, and you need to be fully aware of them, so you don’t end up tricked again.
We’re sharing a couple of these tricks that some businesses do. They are most commonly entirely legal but unethical. They are made to bring profit to businesses and rip off the investor or customer. Keep reading to see some of them.
1. Selling your personal info to third parties
Whether you’re a business or a person, you encounter multiple websites that ask for your credentials daily. When you’re a person, this might not be too significant for you, but you need to protect your data as a company.
Many businesses will snatch your data and use it for their needs, which is something you can’t allow. It’s best to hire end-to-end IT solutions and ask them to carefully monitor the activity of your employees to make sure that your business is safe.
2. Fake reviews
A trick that some companies, especially those trying to make a breakthrough on the market, will start writing fake reviews to promote their business. You, as a customer, will fall on the trick of thinking that they are amazing because the reviews say so.
In the end, what you’ll get is a poor product or service, and you’ll realize that these reviews were fake. After some time, after enough people fall for the trick, they’ll already make a lot of money and probably start a new company with the same trick. This is called false advertising and is illegal, but no one can prove that the company owners created these fake profiles.
3. The fine print in agreements
A common issue that a lot of consumers argue about is the fine print in the agreements. No one ever reads the agreements, and everyone clicks yes when they come up on the screen or signs without reading.
There’s no logic in reading 100 pieces of paper written with useless information, right? Wrong! This is done on purpose by companies trying to trick you into something that will make them profit and you won’t like. They bore you with useless information, only to pass something you won’t notice with the fine print.
4. Showing off with fixed numbers
When businesses want to attract customers or investors, they may try to present fixed numbers. Calculations about how well they are doing are not true, but the investor has no way of checking them. They’ll simply trust the company, and they’ll be wrong.
This unethical method gains investors’ trust and is the most obvious trick in the book. Companies know that no one will want to work for them if they show the real numbers, so they tend to show something else and make investors collaborate.
Aside from highlighting how successful your business is, some go a step forward and spread rumors and lies about their competitors about how bad they are. As a client, when you read reviews, testimonies, and opinions from multiple sources about a bad company, you instantly go to the competitors.
That’s defamation – hurting someone else’s reputation for their good. This one may be illegal, but there’s no way of accusing anyone of having an opinion about a company. Yes, these people don’t really feel that way, but you can’t charge anyone for writing things they don’t mean on the internet.
6. Bribing government officials
Probably the most illegal way of doing business than any other one. Not only is it illegal, but highly unethical. Still, it’s a public secret that most big companies and corporations bribe government officials to allow them better trade deals and get help from the government.
Some cases in the past were discovered, processed, and conducted, but many were never punished. It’s tough to point out some cases today, and proving their guilt is also a tough job, but you can be sure that this is happening commonly regardless of who’s in power.
You don’t have to have a technology addiction to know everything about online business conducting or be skilled in finding out about unethical practices. These few points from above are everything you need to know if you’re facing scammers.
If you notice a behavior that resembles some of these above, you might be facing unethical methods from businesses. These practices are more common than you think, but society still hasn’t found a way to solve them.