BPO: Beware of frauds:

There are many companies / people hanging around projecting that they are authorized on behalf of a client to outsource a project. They may tell you that you need to set up a BPO unit with 25-30 seats and you will be given a data conversion project. They may demand upfront guarantee money to award the outsourcing contract.

Once you pay the upfront money, they will simply vanish. Or keep rejecting your work by saying that your quality is not up to the standard and they can not pay you. One operator even asked for bank guarantee and got it en-cashed in Singapore to show as if it is genuine and transferred money to Indian bank and went on rejecting the out put given by the suppliers. Finally he did the vanishing act.