The Business of Business

Discussion in 'Chit Chat' started by expiated, May 24, 2020.

  1. expiated

    expiated

    Is there really some way that gobs of people are making tons of money each month via Amazon's Audible?

    There are indeed several legitimate ways for individuals to earn income through Amazon's Audible platform, though the claim of making "gobs of money" may vary widely based on each person’s approach and effort.

    Methods of Earning Income with Audible

    Audible provides opportunities primarily through three methods:

    Narrating Audiobooks: Individuals can become narrators for audiobooks through the Audiobook Creation Exchange (ACX). Here, narrators can:

    Royalty Share Deal: Obtain a share of the royalties from each audiobook sale, potentially earning up to 40% depending on the structure of the agreement.

    Pay-for-Production Deal: Receive a flat payment for their narration services.

    Many narrators may start with modest earnings, around $10 per hour, but experienced narrators can make significantly more.

    Creating Your Own Audiobook: Authors or content creators can produce their own audiobooks to earn royalties. They can utilize platforms like ACX to upload their content and distribute it through Audible, Amazon, and iTunes. The royalty rates may vary, with potential earnings of 40% for exclusive titles.

    Affiliate Marketing: The Audible Affiliate Program allows individuals to promote Audible memberships and earn commissions. Affiliates can generate income as follows:

    Free Trial: Earn $5 for every trial signup.

    Paid Membership: Earn $10 for each paid membership referral.

    Audiobook Sales: Receive $0.50 for every audiobook sold through their affiliate link.

    Additional Insights

    While these methods can potentially lead to significant earnings, actual income will depend on various factors, such as:

    Effort and Marketing Skills: Successfully marketing audiobooks or affiliate links requires effort, creativity, and possibly an established audience.

    Quality of Content: The success of an audiobook often hinges on its quality, both in terms of content and narrative execution.

    Networking and Promotion: For those creating audiobooks, having a built-in audience or promoting through social media can enhance visibility and sales.

    Many individuals may make some supplementary income through these avenues, but reaching a level of substantial earnings will typically require dedication and strategic effort.

    In summary, while many people can earn money through Audible, the specific amounts earned will vary widely based on individual dedication, content quality, and the chosen method of income generation.
     
    #81     Oct 18, 2024
  2. expiated

    expiated

    Registering Trademarks

     
    #82     Oct 19, 2024
  3. expiated

    expiated

    Did 23andMe go out of business?

    The search results indicate that 23andMe is facing significant financial and operational challenges, but it has not officially gone out of business yet.

    23andMe is described as being on the verge of collapse, with its valuation plummeting significantly from a peak of $6 billion to mere pennies per share. The company's stock has lost about 99.9% of its value since its peak and has struggled to achieve profitability during its 18 years of operation. Recent events include the resignation of all seven independent directors from its board and the closure of its in-house drug discovery unit.

    In addition to its financial woes, 23andMe recently experienced a major data breach that affected around seven million customers. This incident led to a class action lawsuit that the company has agreed to settle for $30 million. These issues have raised concerns not only about the company’s future but also regarding the genetic data it has collected from its customers.

    The CEO, Anne Wojcicki, has expressed a commitment to taking the company private, which she believes will allow it to operate more effectively outside the public market pressure. However, analysts are skeptical and suggest the company could face imminent closure if its financial situation does not improve.

    Additionally, with declining sales and revenue—reportedly a 34% decrease in the first quarter of 2024 compared to the prior year—the outlook for 23andMe remains uncertain, and it may not survive in its current form.

    In summary, while 23andMe has not officially ceased operations, it is experiencing severe financial difficulties that could lead to its downfall in the near future.
     
    #83     Oct 22, 2024
  4. expiated

    expiated

    Is homestead.com being taken over by web.com?

    Screenshot_9.png

    The query regarding whether homestead.com is being taken over by web.com reflects the broader context of acquisitions and ownership changes in web hosting services.

    Acquisition Context

    Homestead Technologies was acquired by Endurance International Group (EIG) in 2012, which continues to operate it as part of their portfolio. Additionally, Web.com, a prominent provider of internet services, was acquired by an affiliate of Siris Capital Group, LLC, in October 2018 for approximately $2 billion.

    Current Status

    As of now, there is no explicit indication in the provided documents that homestead.com is directly being taken over by web.com. However, the ownership changes involving these companies suggest a complex landscape in which they operate as part of larger corporate structures. It's essential to consider that while direct ownership transfer is not confirmed, interactions or collaborations between the two entities may occur within the industry context.

    In summary, the search results do not explicitly confirm that homestead.com is being taken over by web.com.
     
    #84     Oct 23, 2024
  5. RantaMin

    RantaMin

    The Meteoric Rise of Nvidia

     
    #85     Nov 2, 2024
  6. RantaMin

    RantaMin

     
    #86     Nov 2, 2024
  7. RantaMin

    RantaMin

    How Nespresso Is Taking On Keurig In The U.S. Coffee Pod Market

     
    #87     Nov 2, 2024
  8. expiated

    expiated

    Screenshot_9.png
    Within 90 days of registering an LLC in California, an individual must file a "Statement of Information" with the California Secretary of State, which is a document containing details about the LLC, including its address, managers, and registered agent information
     
    #88     Nov 12, 2024
  9. RantaMin

    RantaMin

    Why Lego Isn’t (Just) a Toy Company
     
    #89     Nov 24, 2024
  10. expiated

    expiated

    The California Secretary of State offers an online submission option, which facilitates faster processing of business filings, including the Statement of Information. This method is particularly efficient for new LLCs wishing to comply with filing requirements promptly.

    To file the Statement of Information, a Limited Liability Company (LLC) must typically provide details such as:
    • Business Name: The registered name of the LLC.
    • Address: The primary address of the business.
    • Members/Managers: Information regarding the LLC's members or managers.
    Newly formed LLCs are required to file their initial Statement of Information within 90 days of their formation or registration. Additionally, subsequent filings are required every two years.
    Consequences of Non-filing

    Failure to file the required Statement of Information within the stipulated timeframe may result in penalties imposed by the Franchise Tax Board or may lead to suspension or forfeiture of the LLC's registration. This highlights the importance of timely compliance with filing requirements.

    The web address where new LLCs in California can efficiently file their Statement of Information online is https://bizfileonline.sos.ca.gov/. This site provides access to the necessary online business services and filing options required by the California Secretary of State.
     
    #90     Dec 6, 2024