Chris Reynolds Made A Quadrillionaire By Paypal Error

Chris Reynolds

If you have a Paypal account you may at times wish that you could one day log in to your account and see a whole lot of money magically appear.

Although that never really happens to anyone, a man name Chris Reynolds from the United States was left shocked after opening his monthly-statement on Paypal and saw that he was an instant quadrillionaire.

When 56-year-old Chris Reynolds, from Delaware County, opened his monthly-statement from Paypal via email, to his surprise, his balance was showing a whopping $92,233,720,368,547,800.

According to reports, Paypal admitted that they erroneously credited Mr. Reynolds the close to 100 quadrillion dollars, but immediately corrected the error, leaving Chris Reynolds with his true balance of zero dollars.

Chris Reynolds account statement

What The Paypal Error Made Chris Reynolds?

Due to the error, Chris Reynolds briefly became the world's richest person. The amount of money that was on his account was 1000 times more than the total combined GDP of the whole world.

In a statement, Mr. Reynolds said that the discovery made him feel like a million bucks, and that it was a quite big surprise. He also said that providing that he truly had that money, the first thing he would do is pay the US national debt down.

Mark Zuckerberg Salary Per Year As CEO Of Facebook

What is Facebook's Mark Zuckerberg salary per year?

Mark Zuckerberg is the CEO of Facebook and as a result should be receiving a large salary per year for his position, but Mark Zuckerberg is getting paid 1 dollar for salary as Facebook's CEO since January 2013.

In 2012, Mark Zuckerberg earned an annual salary of $503,205. However, recently the world famous young billionaire has cut his salary to 1 dollar per year and agreed not to take an annual performance bonus from the company.

You may wonder, wouldn't that make Mark Zuckerberg earn nothing from Facebook? Wrong!

The reason Mark Zuckerberg can cut his salary to 1 dollar is because he don't need it, and this decision will help maximize Facebook profits.

But of course Zuckerberg's wealth will continue to come from his 28.1% equity stake in Facebook. As of March 2013, Mark Zuckerberg net worth was estimated to be $13.3 billion according to Forbes.

The internet entrepreneur exercised a stock option in 2012 that allowed him to purchase 60 million low-price shares of Facebook that have approximately $2.3 billion in value. Also In 2012, Mark Zuckerberg sold 30.2 million shares during Facebook’s IPO which generated $1.135 billion.

So Mark Zuckerberg salary per year is now just 1 dollar, but he continue to be a billionaire from his stock holdings in Facebook.

Top Ways Of Selling Goods Online

Do you want to know what the ways of "selling goods online" are?

You see stuffs for sale online all the time, and you probably even bought a few items online yourself. Now you want to know what's the steps for selling goods online? because you want to sell stuff without having to set up a physical shop. Well, selling goods online can be carried out in a number of different ways. The specific way that is right for you depends on a number of factors such as the type of goods you want to sell, the type of online facility you want to sell from, the level of investment you are willing to make to get started etc.

However the following are the most popular ways of selling goods online.

1. E-commerce Websites That Accommodate Sellers

There a number of websites online that you can sell your stuff from, and all you need to do is just sign up for a seller account with them and start selling. Examples of such websites are Amazon and eBay.

When you create a seller account with such e-commerce websites you get access to a variety of tools and resources needed to put information, pictures and prices of the goods you are selling on these websites to be seen by visitors. These websites may also handle payment processing and other financial data transfer between you and the consumer. You may have to pay a fee to use some of these e-commerce websites as a seller, but most times the fee is very affordable.

2. Having Your own Website

You can also have your own website setup to sell your goods online. The cost for having a website for selling goods online vary greatly depending on the features you want on the site. You can create a website for free or spend up to as much as tens of thousands of dollars to have a website setup. As I said, it all depends on the type of features you want included on the website to facilitate your business which will affect how much money you will need to spend to have it setup.

3. Classified Websites

There are a number of websites online that are dedicated to classified advertising like in newspapers. These websites are known as classified websites, and most of them will allow you to post the ads for selling goods online for free.

4. Advertise With Established Websites

There are many prominent websites on the internet that offer advertising services. You can buy ad space from websites where it's appropriate to advertise the goods you want to sell. The social media giant Facebook offer advertising services to members, and you can advertise any type of goods you have for selling online.

Earning Online Income - An Overview

The internet is no doubt beneficial to the world in many ways. One of those great things about the internet is that it provides the opportunity for people from any part of the world to earn online income.

There are many different ways of earning online income. This means there are a huge variety of work, businesses and investment opportunities on the internet that you can make money and profits from. So when it comes to selecting a good way to make an income online it is dependent on what your preferences and abilities are.

Earning online income doesn't necessarily require you to possess special technical skills. Once you are able to use the internet and a computer you can find a way of earning money that'll be suitable for your level of skills and capabilities.

There are many online companies that you can work for and receive a salary from for work that you perform for them. A number of companies and individuals hire people to do work for them on the web like writing, typing, marketing, web development etc.

In order to get employment online you may have to visit the specific company that is hiring website, sign up and follow further instructions to get started. There are also online networks that you can sign up on that are like job portals, they allow you to perform work for a number of people or companies from their website only.

If you prefer to have your own business to earn online income instead of working for other people, then there are also a number of business opportunities that you can choose from to do that. You can choose to sell stuff, set up a website or blog, offer your services and more in the form of a business to earn money.

The type of monetary investment you need to make to earn online income depends on the type of business you want to create. Most companies that hire you to work for them won't charge you a fee, and it's possible also to start a business with very little or no financial investment.

Getting paid online, whether it's from a business or job, can happen by your payments being sent through an online payment processor such as Paypal or you can get a check through the mail from the company that you are working for.

So this is just an overview of earning online income to give you an idea on the subject in case you are not yet informed about it.

There are a huge amount of information about earning money online that will require time to learn because there are many different businesses and work opportunities that can be used. So if you are interested in this way of making money you should prepare yourself to learn some more on this so that you can make the right decision on which methods are right for you.

Amazon Founder Jeff Bezos Net Worth And Success Story

Jeff Bezos is the founder of Amazon.com, and he is also the company's present Chairman and CEO. Amazon.com is a leader in the e-commerce industry. The website is the world's largest internet retailer in any category, selling a wide range of products like books, electronics, apparel, furniture, food, toys, jewelry and downloads.  The company make billions of dollars in sales every year. In 2012, Amazon reported making more than $61 billion in sales, which was an increase of $13 billion from their 2011 sales revenue.

Jeff Bezos Net Worth

According to Forbes.com Jeff Bezos net worth is currently 25.2 billion dollars. His main source of wealth is amazon.com which presently has separate retail websites for The United States, The United Kingdom, Canada, France, Germany, India, Italy, Spain, Brazil, Japan, and China. Bezos also invest money in side projects. He is number 19 on Forbes world billionaires list for 2013.

Jeff Bezos And Amazon Success Story

Jeff Bezos graduated from Princeton University with a degree in computer science and electrical engineering. After working for 2 other companies, Bezos worked at D. E. Shaw, a firm in Wall Street specializing in developing computer science applications for the stock market. After reading a report about the future of the internet which said that internet commerce was growing at 2,300 %, Bezos decided to start planning an Internet business.

In 1994, Bezos left his employment as vice-president of D.E. Shaw and moved to Seattle, Washington. It was during the drive from New York to Seattle that he started writing up the Amazon business plan. Bezos created a list of 20 products which he believed were good for selling online. After making his analysis, Amazon founder Jeff Bezos finally decided that his new business would sell books online.

He settled on books for a number of reasons such as the huge demand for literature around the world, the low cost of books and the vast number of book titles that were already published in print. Jeff Bezos founded Amazon officially in his garage in 1995. The company began as a web store selling books online. In just the first 2 months after launching, Amazon.com had sold books in all 50 states of the U.S and in 45 foreign countries around the world. Wikipedia reports that at that time Amazon was already making $20,000 per week in book sales.

Amazon first offered stock to the public on May 15, 1997, and made it's first profit of $5 million in the the fourth quarter of 2001, with total revenues of over 1 billion dollars. That was the beginning of the huge profitability that Amazon.com was about generate, becoming the biggest retailer online, and making it's founder Jeff Bezos have a massive net worth in the billions and credited as an entrepreneur who played a key role in the growth of e-commerce.

How Consumers Are Protected In E-commerce Business To Customer

Although e-commerce provides a number of advantages for consumers over traditional trading methods, a major concern people have about doing business online is falling victim to financial crimes such as scams and frauds.

This is very logical because e-commerce is based on electronic data and financial transactions between sellers and buyers who do not know each other. So let's now find out how consumers are protected in the e-commerce industry and why it's safe to buy online.

E-commerce Is Regulated By Various Agencies

Most electronic commerce activities are regulated by authority bodies and laws which online organisations have to adhere to. Some of these laws may apply to the e-commerce industry in a specific country or the entire world. For example, the Federal Trade Commission (FTC) in the United States have laws in place concerning the use of commercial e-mails, online advertising and consumer privacy.

Other regulatory bodies includes The CAN-SPAM Act of 2003 that establishes national standards in the U.S for direct marketing over e-mail.

There is also The Federal Trade Commission Act (FTC) that regulates all forms of advertising, including online advertising, and makes a statement that advertising must be truthful and non-deceptive. As a result of such laws regarding e-commerce trading, online businesses can face cases and judgement if unfair or deceptive practices are done towards the customer.

Online Payment Service Providers Are Subject To Protect Consumers From Financial Crimes

A payment service provider (PSP) online is an organization that offers online sellers a system for accepting electronic payments from customers by a variety of payment methods including credit card, direct debit, account transfer and bank transfer.

Popular PSPs online include Paypal, Payza, Google Wallet,WebMoney, Payoneer and Money Bookers.

The major payment service providers online are U.S based, and they are supervised by the Financial Crimes Enforcement Network (FinCEN). This is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat money laundering, theft, frauds, and other financial crimes.

Also, payment service providers can offer risk management services that's beneficial to online buyers such as refunds and reporting merchants ratings and trustworthiness.

An Introduction To E-Commerce And Online Business

E-commerce has revolutionized the way people from every in the world does business. E-commerce is short for electronic commerce which means the buying and selling of products and services conducted over electronic systems mainly the Internet. There are a wide variety of e-commerce businesses providing different types of products and services online ranging from non-tangible goods and services like software and consultation, to tangible items like electronics and cars.

Although it's only non-tangible items that can be transmitted online, e-commerce allows for the exchange of data to facilitate the financing and payment aspects of business transactions for any type of goods and services at any time. For example, while you cannot receive a car transmitted to you over the internet, due to e-commerce you'll be able to complete all necessary data and payment transactions for buying the car no matter how far away you live from the merchant or the time of day it is.

There are also other types of e-commerce communications and transactions apart from business to consumer. Businesses also conduct trade with each through through e-commerce, and there many businesses that employ or contract people to work for them or on their behalf online. E-commerce is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business that ever came into being.

Other advantages of e-commerce includes a wider market reach and more competitive advantages over traditional methods of doing business for organizations and merchants. And is a faster, cheaper and more convenient way than the traditional methods of looking for and buying goods and services for consumers. As for the people who are working online to earn an income in the e-commerce industry, they get the benefit of working from anywhere with a PC and internet access.

The most common way by which businesses set up themselves online to be seen by consumers and conduct e-commerce trade is by using websites along with payment transaction systems. Business websites can be in a number of different forms such as a market place with goods listed, or a content based site. A business can have it's own dedicated website or be a part of a large e-commerce website that facilitate transactions between consumers and merchants on a large scale such as eBay.com or Amazon.com

Welcome To Online Income Report

My aim is to share information about online business, e-commerce and internet income. The web has greatly revolutionized many aspects of life. There are a long list of things that people can do online that is amazing.

Conducting business activities and earning money online is one those things that people from any where in the world can do and reap the great benefits from it. My aim is to provide tips on e-commerce and online business and how earning an income online works. I will discuss examples of people who are successful online business developers and income earners, and also provide information on how one can start an online business or get employed in the e-commerce and internet marketing industry.

I know that this subject is interesting and many people would benefit greatly if they get this information and make use of it. Whether it's just to get more information about this subject or to pursue earning an income online yourself, this site will provide the information that will be an effective guide regarding this.