Monday, 22 July 2013

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.

Friday, 5 July 2013

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.

Thursday, 4 July 2013

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.