Home Wealth Project
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Facebook hits 500m: social media by numbers
Jul 22nd
| Facebook hits 500m: social media by numbers By Emma Barnett, Digital Media Editor Published: 5:20PM BST 21 Jul 2010 Facebook… |
|
||||
View full post on Home Wealth Project Riot!
First Full-length Trailer for “The Social Network” Hits the Web [VIDEO]
Jul 15th
 |
Jobs Our Social Media Guru will manage Hot Topic’s presence in social media/Internet communities, including Facebook, Twitter, MySpace,… |
|
||||
View full post on Home Wealth Project Riot!
Twitter Hits 2 Billion Tweets Per Month
Jun 11th
 |
For more social media coverage, follow Mashable Social Media on Twitter User reviews: Facebook, Internet, Twitter |
|
||||
View full post on Home Wealth Project Riot!
Social networks overtake Google in UK web hits
Jun 11th
| Facebook’s battle for internet supremacy with Google has intensified after social networks received more internet hits than search engines for the… |
|
||||
View full post on Home Wealth Project Riot!
Sirius XM Android app hits the Market
May 29th
| @scoobydooby works great on a G1 (2.1) too bad the sat service quality (audio) is still terrible. the internet version is ok though but not great… |
|
||||
View full post on Home Wealth Project Riot!
Much hyped iPad hits the market
Apr 3rd
 |
I will use it for email while on the couch — and Internet and reading books,” he said. There were scenes of nearly hysterical enthusiasm as dozens… |
|
||||
View full post on Home Wealth Project Riot!
Primerica IPO: Primerica Hits NYSE
Apr 1st
After yesterday’s $320 million IPO, Primerica, Inc.–formerly part of Citi–released about 21 million shares of common stock onto the NYSE. The shares were priced at $15 at opening today, and have since gone up.
Outside of speculating on Primerica’s stock values, why should you be interested in Primerica? Because it’s a multilevel marketing scheme. Business Insider took an in-depth look at what–and who–Primerica actually is:
Primerica employs, according to their prospectus, over 100,000 representatives who go out and sell financial products like term life insurance, mutual funds, life insurance, and annuities. Almost all the products offered by Primerica are from Citigroup, its corporate parent. All the mutual funds and annuities are sold through Primerica’s licensed broker/dealer subsidiary, PFS Investments.
The goal is for the rep to push these products in a “warm market,” which includes your family and friends who you’d be more comfortable selling to. The rep receives a commission for these sales and his recruiter, recruiter’s recruiter and so on all receive a portion of the sale. Reps are encouraged to recruit more people to continue bringing in sales and revenue.
According to Primerica, these 100,000 reps make on average, $5,156 a year. Hardly enough to do anything with let alone live on. Higher ups who run district sales offices are called RVPs or regional vice presidents. They make significantly more money. Know why? Primerica employs an 11-tier upside system in which you get a kickback of commissions from your recruits, your recruit’s recruits, and so on up until the 11th level. (This information can be found on page 112 of the prospectus.)
Local Primerica offices are actually located in peoples’ homes, according to the article. Of Primerica’s $168 million in income last year, an estimated $30 million came from its own reps, who pay enrollment fees and monthly fees.
That’s no reason not to invest. Avon, another MLM, has done quite well during its lifetime as a public company. It is, however, worth knowing what Primerica is.
View full post on Business Pundit
Entrepreneurs on Tour–Wannabe Reality TV Show Hits the Road
Mar 13th
Where are the Microsofts of tomorrow?
Poplular author, documentarian and former InfoWorld columnist Robert Cringely would like to know. So he’s holding a contest to find the 24 most interesting startups outside Silicon Valley and then hitting the road to visit them. His hope is to film the whole process and make a reality TV show out of it.
Launched last week, Cringely’s (NOT in Silicon Valley) Startup Tour contest attracted more than 100 nominees in just a few days. By summer, finalists will be chosen and Cringely plans to pack his family into a Winnebago and visit the winners, camera crew in tow. Cringely’s project enjoys the backing of the Ewing Marion Kauffman Foundation, home of many entrepreneurial efforts including the Build a Stronger America movement.
Interested parties can register on the tour’s Web site to nominate, discuss and vote on the best startup ideas. If you’re not in information technology, it looks like the field is narrower–that category currently has the vast majority of entries.
Doesn’t seem to have any rules about not nominating your own company for consideration…so if you think you’ve got a brilliant new startup going, give it a shot. No cash prizes in the offing, but massive exposure seems to be assured, even for losing entries.
View full post on Entrepreneur.com – Daily Dose
