The Armchair Billionaire
What works in gaining wealth. No fluff. Just the facts.
Sunday, May 6, 2012
Want A Free Desk In SF? i/o Ventures Is Offering Space For Three Startups
Source: Tech Crunch
I don’t want to become the publicity arm for every tech organization throwing a contest or giveaway, but once in a while, something comes along that seems like a perfect fit for TechCrunch readers. For example: i/o Ventures, the co-working space and startup incubator based in the Mission District (that’s San Francisco’s best neighborhood, for those of you not in the know), is offering free desk space to three startups.
If you’re interested, it’s pretty easy to apply. Just email desks@ventures.io with a description of your product or company, follow @bragiel (that’s i/o partner and Lefora co-founder Paul Bragiel’s account) and @io on Twitter, then watch out for a few promotional tweets from those accounts that you’ll need to retweet. After that, Bragiel and his team will choose three companies who get free desks in i/o Ventures for a month.
Here’s how Bragiel explains the contest in a blog post:
Co-working spaces are solving the supply and demand issue for startup space. Desk space is purchased for a monthly fee with access to meeting and conference rooms. As startups become more and more lean, these spaces are a great option.
i/o Ventures is making co-working space even more attractive to entrepreneurs; we’re giving it away for free! We are offering three startups free desk space for an entire month. Yep, no strings attached.
i/o Ventures is run by Bragiel, Aber Whitcomb (former CTO of MySpace), Ashwin Navin (co-founder of Flingo), and Dan Bragiel.
My Comment: I hope they publish who won the desk spaces.
Its only a month though so you better have next months rent in hand !
Wednesday, January 25, 2012
Earning Income From Blogging 101
It is indeed possible to create an income from blogging. It is also possible to set up your own blog for zero dollars at blogger.com
Blogs that earn the most money are run by people who are writing and promoting their main interests, goals and passion.
Before you start a blog it is a good idea to Google your ideas and look at other blogs to gather tips and ideas.
There are many self proclaimed internet marketers charging tens to hundreds of dollars teaching people how to dominate the internet traffic and tricks such as back-linking.
As an owner of many blogs, I have never needed to use any of these tricks. My blogs show up naturally in search engines because I title each post with my exact topic, this way in Blogger, when people look up certain keywords that are directly related to my posts, my article will come up on the first page. As a new blogger if you are good with your keywords and descriptions, you will definitely target your traffic. I once wrote a review for my home repair contractor and titled my post " Highly Recommended HVAC Streamwood, IL." The contractor told me it was the best advertising he ever had. I spent zero dollars on advertising. I wrote the article and posted it on Facebook and Twitter.
The purpose of today's article is to tell you, that despite what internet experts out there who are charging money to teach you this stuff. You do not need to spend a dime to start your own blog.
I strongly advise you choose a topic that you are an expert in. Most people make the mistake of starting a blog based on something they know nothing about. A friend of mine started a blog about stereo equipment, he knew nothing about it but thought here could earn money selling stereo equipment through a local store. His blog failed because he did not have a good handle on the subject. Are you good at cooking, babysitting, recommending restaurants or travel? Are you good at sports?
Your expertise may be essential to those needing information online.
When you set up your blog on Blogger, it is one of the easiest set-ups to learn for beginners. Nay of the templates and layouts are set-up for you. You can play around with the design and adjust things and ad elements your blog. I would advise getting in one month's worth of content on your blog. Post at least three times a week to your blog. Get some good content rolling so your vistors can stay awhile and read around. This will prove well for monetizing your blog.
We will discuss how to monetize your blog in tommorows posting.
PS: I know people like WordPress and I will discuss Wordpress blogs in the future. My goal is to get you set-up for some time out of your day and zero dollars out of your pocket and Blogger is the fastest way to go.
Tuesday, October 25, 2011
What is a Limited Liability Corporation - LLC and Tax Responsibilities
Popularity has grown with the Limited Liability Company (LLC) because it combines some of the
best features of a partnership and a corporation. The owners (called “members”) of the LLC are not personally responsible for debts and there is no dual taxation. However, business earnings are taxed to its members. Another difference between an LLC and a corporation is that LLC’s do not have to distribute income in proportion to the interest of a member. Distribution of profits in an LLC is subject to employment tax. Unlike S Corporations, this entity allows for more than 75 shareholders and in some cases, two or more classes of stock may be created. Overall, in an LLC, no member has personal liability and members enjoy the flexibility it provides for ownership and business management.
HOW DO I MANAGE AN LLC?
Member-managed or manager-managed. In a member-managed LLC, all members (owners) manage all business transactions. A manager-managed LLC only has a certain number of members making the decisions, while the other owners share the profits. In this type of entity, decision-making members decide who will have what responsibility in the company. Sometimes, titles are given such as “president” and “vice-president”.
HOW DOES THE IRS VIEW LLCS?
The IRS treats single-owner LLCs as sole proprietorships, and all business revenue and expenses are shown on Form 1040 schedule “C”. If two or more members own the LLC, it may be classified as either a partnership or a corporation for tax purposes. Refer to www.irs.gov for additional information.
WHAT IS A LIMITED PARTNERSHIP?
A Limited Partnership is a partnership that has at least one limited partner and one general partner. To set up an LP you need to file a certificate with the state where the limited partnership was formed. This is usually filed with the Secretary of State.
WHAT ROLE DOES THE GENERAL PARTNER PLAY?
The general partner is responsible for all the business operations, controls cash distributions to the
partners, and handles management decisions. The general partner has unlimited liability and stands to lose the most if sued. Creditors of the partnership can go after the general partners’ personal assets if the limited partnership’s assets are insufficient. The general partner is also liable to third party lawsuits, such as a slip and fall. Therefore, instead of you being the general partner, set up a corporationor limited liability company. It will give greater liability protection to its owners.
WHAT IS THE ROLE OF THE LIMITED PARTNER?
The limited partner has no control over management decisions and generally has no liability other
than their financial contribution to the partnership. Should the company be sued, creditors cannot
confiscate their personal assets. In exchange for this limited liability, the limited partner forfeits his rights to manage and control the partnership.
WHAT IS A LIMITED LIABILITY COMPANY (LLC)?
WHAT IS A C CORP? What are the Tax Responsiblities ?
HOW DOES A C CORP PAY TAXES?
A C corporation has a separate legal and tax life distinct from its shareholders. A corporation pays taxes at a corporate income tax rate and files its own corporate tax forms each year (IRS Tax Form 1120).
WHAT ARE THE RULES AND REGULATIONS REGARDING A C CORP?
To retain the corporate existence and thus the benefits of limited liability and special tax treatment,those who run the corporation must follow corporate rules. Annual meetings must be held, minutes of the meetings must be taken, and officers must be appointed. Most importantly, the corporation should issue stock to its shareholders and keep adequate capitalization on hand to cover any anticipated business debts.
CAN I AVOID DOUBLE TAXATION?
Generally, corporations are taxed on its own profits. Any profits paid out in the form of dividends are taxed again to the recipient as dividend income, at the individual shareholder’s tax rate. However,most small corporations seldom pay dividends. The employee/owners are paid salaries and fringe benefits that the corporation may deduct on their taxes. The result is that only the employee/owners end up paying any income taxes on this business income and double taxation rarely occurs.
The name “C Corporation” refers to a legal business entity chartered by the state. To have a C Corporation
you must file Articles of Incorporation and pay the required state fees and taxes with the
appropriate state agency (usually, the Secretary of State).
Sunday, September 18, 2011
Sell Your Own E-books, Music, Video's and More Online ! Free Sign-Up
Did you ever wonder how to create a secure page and cart to sell your own writing, music, videos and more online. I recommend for those just getting started, this company offers the best and least inexpensive way for you to get started in business. It is a matter of copy and paste and filling in some blanks. Upload your content and you are in business within minutes. Customers can check out through a secure shopping cart and upload your content instantly ! You can now be open 24 hours a day and earn money while you sleep. Get paid right in your PayPal account.
Dig out your ideas and sell them online easily here.
Do you want to earn money, referring people to sell their ideas online? Get a link to post for friends online .
Register as a reseller for free !
Dig out your ideas and sell them online easily here.
Do you want to earn money, referring people to sell their ideas online? Get a link to post for friends online .
Register as a reseller for free !
UniversityLoveConnection.com the Largest & Oldest College Dating Site Just Turned Down Two Acquisition Offers
UniversityLoveConnection.com The College Singles Space Just Turned Down To Offers For Full Buyout & Acquisition Of Its College & University Network.
PR Newswire
LOS ANGELES, Sept. 16, 2011
LOS ANGELES, Sept. 16, 2011 /PRNewswire/ UniversityLoveConnection.com, which is the largest and oldest college dating website online and occupies all the top terms on Google.com, Yahoo.com & Bing.com for organic keywords, which drives thousands of visitors per day, just turned down two decent acquisition offers from private companies.
The CEO, Michael Rotkin, which owns five Internet Marketing Firms worldwide, stated to the local press in Los Angeles on Friday, September 16 th, 2011 that he will not entertain offers to buy his college dating website he created at UNLV in his dorm room, unless it is a company that has a solid plan, not just money to offer."
Michael Rotkin, also goes on to say, "Google, Yahoo, Bing, Match.com, PlentyofFish.com, Sparks Networks, IAC Interactive Corp would be a candidate and can add banners to their search engine or dating websites and fill up and control the new Facebook rival, college dating site within a few months."
UniversityLoveConnection.com, has over 2,000 colleges and 2,500 junior colleges and community colleges, which no other college dating website has "which Google, Yahoo & Bing.com can capitalize on and control the college audience, that Facebook didn't opt to do," says Michael Rotkin CEO of UniversityLoveConnection.com
About UniversityLoveConnection.com:
UniversityLoveConnection.com since 2002 is a place where college students at universities, junior colleges, colleges and community colleges go to meet online college singles, with college personals seeking to find a college date online and meet in the student union, where it is safe, rather than a bar or a club,.
Our niche, is providing college students to find college girls, or college guys at their local college and not as when Michael Rotkin, CEO of UniversityLoveConnection.com created his college dating site, it was based on Match.com, Date.com, or any other dating company did not provide a localized search within the college campus, so Michael Rotkin, created a mega database, which has over 5,000 & #1 keyword phrases grandfathered in Google.com , Yahoo.com & Bing.com search, which is how his college students find his free dating website.
Inquires & Press Contact
Office: 702-475-5534
Email: info@universityloveconnection.com
SEO Agency for UniversityLoveConnection.com:
http://www.seochampion.com/backlinks.php
SOURCE UniversityLoveConnection.com
The CEO, Michael Rotkin, which owns five Internet Marketing Firms worldwide, stated to the local press in Los Angeles on Friday, September 16 th, 2011 that he will not entertain offers to buy his college dating website he created at UNLV in his dorm room, unless it is a company that has a solid plan, not just money to offer."
Michael Rotkin, also goes on to say, "Google, Yahoo, Bing, Match.com, PlentyofFish.com, Sparks Networks, IAC Interactive Corp would be a candidate and can add banners to their search engine or dating websites and fill up and control the new Facebook rival, college dating site within a few months."
UniversityLoveConnection.com, has over 2,000 colleges and 2,500 junior colleges and community colleges, which no other college dating website has "which Google, Yahoo & Bing.com can capitalize on and control the college audience, that Facebook didn't opt to do," says Michael Rotkin CEO of UniversityLoveConnection.com
About UniversityLoveConnection.com:
UniversityLoveConnection.com since 2002 is a place where college students at universities, junior colleges, colleges and community colleges go to meet online college singles, with college personals seeking to find a college date online and meet in the student union, where it is safe, rather than a bar or a club,.
Our niche, is providing college students to find college girls, or college guys at their local college and not as when Michael Rotkin, CEO of UniversityLoveConnection.com created his college dating site, it was based on Match.com, Date.com, or any other dating company did not provide a localized search within the college campus, so Michael Rotkin, created a mega database, which has over 5,000 & #1 keyword phrases grandfathered in Google.com , Yahoo.com & Bing.com search, which is how his college students find his free dating website.
Inquires & Press Contact
Office: 702-475-5534
Email: info@universityloveconnection.com
SEO Agency for UniversityLoveConnection.com:
http://www.seochampion.com/backlinks.php
SOURCE UniversityLoveConnection.com
Web Site: http://www.universityloveconnection.com/
Saturday, September 10, 2011
Anthony Morrison - The Beginning of Internet Wealth
It will take me awhile to tell you what works and what doesn't from this book.
Lets follow tip number one before you start buying domain names.
Make sure you are allowed to advertise your idea.
I cant tell you the amount of people I have spoken to who start buying domain names and start advertising on Google Adsense and find out they are restricted from advertising certain things.
Just because other competitors have ads running doesnt mean it is still allowed, it just means Google hasnt caught up to them yet.
Make sure you read through websites by checking the type of business of what you are doing + the word scam so for example:
Walmart cards + scam
Look at the rip off reports etc..
Make sure yor idea is not saturated.
You can get an idea of keyword pricing for your niche is not too high or it can cost you an arm and a leg to advertise your idea on Adsense. You want your keyword pricing to be .38- 1.75 CPC for a good range of visitorship. Otherwise you can be paying through the nose for clicks.
Before you open your Adsense account find a banner ad to open one with $75.00 credit off ( which is the current promotion, find the current promotion $50-$100.00 Free advertising) so you can test your idea.
Join Linked-In and get the advertising promotion ( currently $50 credit ). Add me to your contacts.
Let Me Back This Up<<<<<<<<<<
What are you advertising ?
Morrsion recommends running several ideas at once and doinf affiliate marketing for several companies.
building concept sites around selling for other companies and getting commissions.
Let me save you a dime and help you get started looking.
A good starter company I recommend is Share A Sale. They are based in Illinois and reliable on payment. They start paying out once you earn $25.00 in commissions.
Click Here to get register for free as an affiliate.
Click here if you currently sell a product or service online and you want to have other websites sell for you and you just pay a commission for each sale.
Lets follow tip number one before you start buying domain names.
Make sure you are allowed to advertise your idea.
I cant tell you the amount of people I have spoken to who start buying domain names and start advertising on Google Adsense and find out they are restricted from advertising certain things.
Just because other competitors have ads running doesnt mean it is still allowed, it just means Google hasnt caught up to them yet.
Make sure you read through websites by checking the type of business of what you are doing + the word scam so for example:
Walmart cards + scam
Look at the rip off reports etc..
Make sure yor idea is not saturated.
You can get an idea of keyword pricing for your niche is not too high or it can cost you an arm and a leg to advertise your idea on Adsense. You want your keyword pricing to be .38- 1.75 CPC for a good range of visitorship. Otherwise you can be paying through the nose for clicks.
Before you open your Adsense account find a banner ad to open one with $75.00 credit off ( which is the current promotion, find the current promotion $50-$100.00 Free advertising) so you can test your idea.
Join Linked-In and get the advertising promotion ( currently $50 credit ). Add me to your contacts.
Let Me Back This Up<<<<<<<<<<
What are you advertising ?
Morrsion recommends running several ideas at once and doinf affiliate marketing for several companies.
building concept sites around selling for other companies and getting commissions.
Let me save you a dime and help you get started looking.
A good starter company I recommend is Share A Sale. They are based in Illinois and reliable on payment. They start paying out once you earn $25.00 in commissions.
Click Here to get register for free as an affiliate.
Click here if you currently sell a product or service online and you want to have other websites sell for you and you just pay a commission for each sale.
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