Remember the old days of dialler Trojan horses?
Back when most of us didn't have broadband at home, and connected to the internet via a modem, we saw a type of malware which could take advantage of the phone line plugged into the back of your PC and dial an expensive premium rate number.
In this way, criminal hackers could make money out of your infected computer - and you might know anything about it until you received an expensive telephone bill.
Dialler Trojan horses went the way of the dinosaur as consumers turned their back on modem connections and adopted broadband en masse.
But, as F-Secure's Mikko Hypponen explained today at the Virus Bulletin conference, the threat may have returned in a different form through the use of virtual premium rate numbers.
Earlier this year I described the Terdial Trojan horse, which was distributed posing as a Windows mobile game called "3D Anti-terrorist action", but appeared to make calls to Antarctica, Dominican Republic, Somalia and Sao Tome and Principe without the owner's permission.
So how did it make money for the hackers?
Well, it transpires that although the Trojan did make phone calls to numbers associated with various far-flung corners of the world, the calls never made it that far.
That's because the phone numbers were what are known as virtual numbers. It's perfectly possible to find telephone operators on the web who will rent you premium phone number associated with, say, Antarctica, and pay you every time that a call is made.
Unlike other legitimate premium rate numbers (such as 1-900 in USA), there is no regulation preventing abuse of the virtual numbers, and the 'owner' of the number gets paid instantly rather than having to wait 30 days.
And your call never actually gets as far as Antarctica or North Korea. It's stopped in your own country, but you're still billed as though you rang that far away place.
The days of Trojan horses making money out of dial-up modem connections may be long gone, but here's a model for money-making that mobile malware authors could certainly exploit.
In a NYT op-ed titled “I Can Afford Higher Taxes. But They’ll Make Me Work Less,” Harvard’s Greg Mankiw explains that, while he makes enough money and lives a sufficiently modest lifestyle that he wouldn’t miss the money from a modest hike in the top marginal rate, he’d stop doing a lot of the productive work he now does.
Suppose that some editor offered me $1,000 to write an article. If there were no taxes of any kind, this $1,000 of income would translate into $1,000 in extra saving. If I invested it in the stock of a company that earned, say, 8 percent a year on its capital, then 30 years from now, when I pass on, my children would inherit about $10,000. That is simply the miracle of compounding.
Now let’s put taxes into the calculus. First, assuming that the Bush tax cuts expire, I would pay 39.6 percent in federal income taxes on that extra income. Beyond that, the phaseout of deductions adds 1.2 percentage points to my effective marginal tax rate. I also pay Medicare tax, which the recent health care bill is raising to 3.8 percent, starting in 2013. And in Massachusetts, I pay 5.3 percent in state income taxes, part of which I get back as a federal deduction. Putting all those taxes together, that $1,000 of pretax income becomes only $523 of saving.
And that saving no longer earns 8 percent. First, the corporation in which I have invested pays a 35 percent corporate tax on its earnings. So I get only 5.2 percent in dividends and capital gains. Then, on that income, I pay taxes at the federal and state level. As a result, I earn about 4 percent after taxes, and the $523 in saving grows to $1,700 after 30 years.
Then, when my children inherit the money, the estate tax will kick in. The marginal estate tax rate is scheduled to go as high as 55 percent next year, but Congress may reduce it a bit. Most likely, when that $1,700 enters my estate, my kids will get, at most, $1,000 of it.
HERE’S the bottom line: Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system is taken into account, my family’s marginal tax rate is about 90 percent. Is it any wonder that I turn down most of the money-making opportunities I am offered?
By contrast, without the tax increases advocated by the Obama administration, the numbers would look quite different. I would face a lower income tax rate, a lower Medicare tax rate, and no deduction phaseout or estate tax. Taking that writing assignment would yield my kids about $2,000. I would have twice the incentive to keep working.
Kevin Drum argues, rightly I think, that this isn’t very compelling.
Do you see the card he palmed? Basically, the effect of letting the Bush cuts expire is so tiny that the only way to make it noticeable is to compound it over 30 years, which reduces the eventual payout of his writing assignment from $2,000 to $1,700. (And even that’s probably overstated, since it assumes Mankiw pays all his taxes at their full statutory rate, which virtually no one does.) The rest of the reduction down to $1,000 comes solely from the estate tax. But even on the heroic assumption that you should take this year’s zero rate as the baseline for comparison, the estate tax has an exemption of several million dollars. Unless Mankiw leaves his kids a helluva lot more than they need for a down payment on a house, they won’t pay a dime of estate tax.
It’s actually much worse than that. First, even if the Bush tax cuts don’t expire, Mankiw will still pay 35% on the new income, not 0%. The difference is between getting to invest $650 and $604. That’s not nothing, by any means, but it’s not as stark as assuming $1000. Second, he’s calculating in a myriad of other policies that aren’t really on the table.
Moreover, most of us aren’t like Mankiw. Despite his enormous success, he’s still been in the same house since 1987, doesn’t own a vacation home and has no desire for the trappings of a wealthy lifestyle. That’s not normal! Most of us find a way to spend more money as our income increases. If government takes a somewhat larger chunk of what we have, it arguably incentivizes us to work even harder since we now need to gross more to net the same. Now, that’s probably not true at confiscatory rates. If the marginal dollar was being taxed at 91% — as it was from 1951 to 1963 — or even 70% — as it was from 1965 to 1980 — then it may well not be worth the effort. But the difference between the current 35% and the 39.6% we experienced from 1993 to 2000 wouldn’t keep me on the sidelines.
Now, I happen to prefer that Mankiw get to keep as much of the money that comes from the fruit of his labor as possible. And that goes double for Joyner!
But, the fact remains that the United States federal and state governments perform some necessary and useful functions that have to be financed somehow. I don’t think the fact that he “can afford it” is a reason to penalize Mankiw. But, even if we had a flat tax in place on income at both the state and federal levels and got rid of capital gains and estate taxes altogether, the fact of negative incentives would remain. Money beyond that level to maintain Mankiw’s desired lifestyle would be discounted by the fact that government is going to get a large cut.
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
Remember the old days of dialler Trojan horses?
Back when most of us didn't have broadband at home, and connected to the internet via a modem, we saw a type of malware which could take advantage of the phone line plugged into the back of your PC and dial an expensive premium rate number.
In this way, criminal hackers could make money out of your infected computer - and you might know anything about it until you received an expensive telephone bill.
Dialler Trojan horses went the way of the dinosaur as consumers turned their back on modem connections and adopted broadband en masse.
But, as F-Secure's Mikko Hypponen explained today at the Virus Bulletin conference, the threat may have returned in a different form through the use of virtual premium rate numbers.
Earlier this year I described the Terdial Trojan horse, which was distributed posing as a Windows mobile game called "3D Anti-terrorist action", but appeared to make calls to Antarctica, Dominican Republic, Somalia and Sao Tome and Principe without the owner's permission.
So how did it make money for the hackers?
Well, it transpires that although the Trojan did make phone calls to numbers associated with various far-flung corners of the world, the calls never made it that far.
That's because the phone numbers were what are known as virtual numbers. It's perfectly possible to find telephone operators on the web who will rent you premium phone number associated with, say, Antarctica, and pay you every time that a call is made.
Unlike other legitimate premium rate numbers (such as 1-900 in USA), there is no regulation preventing abuse of the virtual numbers, and the 'owner' of the number gets paid instantly rather than having to wait 30 days.
And your call never actually gets as far as Antarctica or North Korea. It's stopped in your own country, but you're still billed as though you rang that far away place.
The days of Trojan horses making money out of dial-up modem connections may be long gone, but here's a model for money-making that mobile malware authors could certainly exploit.
In a NYT op-ed titled “I Can Afford Higher Taxes. But They’ll Make Me Work Less,” Harvard’s Greg Mankiw explains that, while he makes enough money and lives a sufficiently modest lifestyle that he wouldn’t miss the money from a modest hike in the top marginal rate, he’d stop doing a lot of the productive work he now does.
Suppose that some editor offered me $1,000 to write an article. If there were no taxes of any kind, this $1,000 of income would translate into $1,000 in extra saving. If I invested it in the stock of a company that earned, say, 8 percent a year on its capital, then 30 years from now, when I pass on, my children would inherit about $10,000. That is simply the miracle of compounding.
Now let’s put taxes into the calculus. First, assuming that the Bush tax cuts expire, I would pay 39.6 percent in federal income taxes on that extra income. Beyond that, the phaseout of deductions adds 1.2 percentage points to my effective marginal tax rate. I also pay Medicare tax, which the recent health care bill is raising to 3.8 percent, starting in 2013. And in Massachusetts, I pay 5.3 percent in state income taxes, part of which I get back as a federal deduction. Putting all those taxes together, that $1,000 of pretax income becomes only $523 of saving.
And that saving no longer earns 8 percent. First, the corporation in which I have invested pays a 35 percent corporate tax on its earnings. So I get only 5.2 percent in dividends and capital gains. Then, on that income, I pay taxes at the federal and state level. As a result, I earn about 4 percent after taxes, and the $523 in saving grows to $1,700 after 30 years.
Then, when my children inherit the money, the estate tax will kick in. The marginal estate tax rate is scheduled to go as high as 55 percent next year, but Congress may reduce it a bit. Most likely, when that $1,700 enters my estate, my kids will get, at most, $1,000 of it.
HERE’S the bottom line: Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system is taken into account, my family’s marginal tax rate is about 90 percent. Is it any wonder that I turn down most of the money-making opportunities I am offered?
By contrast, without the tax increases advocated by the Obama administration, the numbers would look quite different. I would face a lower income tax rate, a lower Medicare tax rate, and no deduction phaseout or estate tax. Taking that writing assignment would yield my kids about $2,000. I would have twice the incentive to keep working.
Kevin Drum argues, rightly I think, that this isn’t very compelling.
Do you see the card he palmed? Basically, the effect of letting the Bush cuts expire is so tiny that the only way to make it noticeable is to compound it over 30 years, which reduces the eventual payout of his writing assignment from $2,000 to $1,700. (And even that’s probably overstated, since it assumes Mankiw pays all his taxes at their full statutory rate, which virtually no one does.) The rest of the reduction down to $1,000 comes solely from the estate tax. But even on the heroic assumption that you should take this year’s zero rate as the baseline for comparison, the estate tax has an exemption of several million dollars. Unless Mankiw leaves his kids a helluva lot more than they need for a down payment on a house, they won’t pay a dime of estate tax.
It’s actually much worse than that. First, even if the Bush tax cuts don’t expire, Mankiw will still pay 35% on the new income, not 0%. The difference is between getting to invest $650 and $604. That’s not nothing, by any means, but it’s not as stark as assuming $1000. Second, he’s calculating in a myriad of other policies that aren’t really on the table.
Moreover, most of us aren’t like Mankiw. Despite his enormous success, he’s still been in the same house since 1987, doesn’t own a vacation home and has no desire for the trappings of a wealthy lifestyle. That’s not normal! Most of us find a way to spend more money as our income increases. If government takes a somewhat larger chunk of what we have, it arguably incentivizes us to work even harder since we now need to gross more to net the same. Now, that’s probably not true at confiscatory rates. If the marginal dollar was being taxed at 91% — as it was from 1951 to 1963 — or even 70% — as it was from 1965 to 1980 — then it may well not be worth the effort. But the difference between the current 35% and the 39.6% we experienced from 1993 to 2000 wouldn’t keep me on the sidelines.
Now, I happen to prefer that Mankiw get to keep as much of the money that comes from the fruit of his labor as possible. And that goes double for Joyner!
But, the fact remains that the United States federal and state governments perform some necessary and useful functions that have to be financed somehow. I don’t think the fact that he “can afford it” is a reason to penalize Mankiw. But, even if we had a flat tax in place on income at both the state and federal levels and got rid of capital gains and estate taxes altogether, the fact of negative incentives would remain. Money beyond that level to maintain Mankiw’s desired lifestyle would be discounted by the fact that government is going to get a large cut.
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
eric seiger
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
Remember the old days of dialler Trojan horses?
Back when most of us didn't have broadband at home, and connected to the internet via a modem, we saw a type of malware which could take advantage of the phone line plugged into the back of your PC and dial an expensive premium rate number.
In this way, criminal hackers could make money out of your infected computer - and you might know anything about it until you received an expensive telephone bill.
Dialler Trojan horses went the way of the dinosaur as consumers turned their back on modem connections and adopted broadband en masse.
But, as F-Secure's Mikko Hypponen explained today at the Virus Bulletin conference, the threat may have returned in a different form through the use of virtual premium rate numbers.
Earlier this year I described the Terdial Trojan horse, which was distributed posing as a Windows mobile game called "3D Anti-terrorist action", but appeared to make calls to Antarctica, Dominican Republic, Somalia and Sao Tome and Principe without the owner's permission.
So how did it make money for the hackers?
Well, it transpires that although the Trojan did make phone calls to numbers associated with various far-flung corners of the world, the calls never made it that far.
That's because the phone numbers were what are known as virtual numbers. It's perfectly possible to find telephone operators on the web who will rent you premium phone number associated with, say, Antarctica, and pay you every time that a call is made.
Unlike other legitimate premium rate numbers (such as 1-900 in USA), there is no regulation preventing abuse of the virtual numbers, and the 'owner' of the number gets paid instantly rather than having to wait 30 days.
And your call never actually gets as far as Antarctica or North Korea. It's stopped in your own country, but you're still billed as though you rang that far away place.
The days of Trojan horses making money out of dial-up modem connections may be long gone, but here's a model for money-making that mobile malware authors could certainly exploit.
In a NYT op-ed titled “I Can Afford Higher Taxes. But They’ll Make Me Work Less,” Harvard’s Greg Mankiw explains that, while he makes enough money and lives a sufficiently modest lifestyle that he wouldn’t miss the money from a modest hike in the top marginal rate, he’d stop doing a lot of the productive work he now does.
Suppose that some editor offered me $1,000 to write an article. If there were no taxes of any kind, this $1,000 of income would translate into $1,000 in extra saving. If I invested it in the stock of a company that earned, say, 8 percent a year on its capital, then 30 years from now, when I pass on, my children would inherit about $10,000. That is simply the miracle of compounding.
Now let’s put taxes into the calculus. First, assuming that the Bush tax cuts expire, I would pay 39.6 percent in federal income taxes on that extra income. Beyond that, the phaseout of deductions adds 1.2 percentage points to my effective marginal tax rate. I also pay Medicare tax, which the recent health care bill is raising to 3.8 percent, starting in 2013. And in Massachusetts, I pay 5.3 percent in state income taxes, part of which I get back as a federal deduction. Putting all those taxes together, that $1,000 of pretax income becomes only $523 of saving.
And that saving no longer earns 8 percent. First, the corporation in which I have invested pays a 35 percent corporate tax on its earnings. So I get only 5.2 percent in dividends and capital gains. Then, on that income, I pay taxes at the federal and state level. As a result, I earn about 4 percent after taxes, and the $523 in saving grows to $1,700 after 30 years.
Then, when my children inherit the money, the estate tax will kick in. The marginal estate tax rate is scheduled to go as high as 55 percent next year, but Congress may reduce it a bit. Most likely, when that $1,700 enters my estate, my kids will get, at most, $1,000 of it.
HERE’S the bottom line: Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system is taken into account, my family’s marginal tax rate is about 90 percent. Is it any wonder that I turn down most of the money-making opportunities I am offered?
By contrast, without the tax increases advocated by the Obama administration, the numbers would look quite different. I would face a lower income tax rate, a lower Medicare tax rate, and no deduction phaseout or estate tax. Taking that writing assignment would yield my kids about $2,000. I would have twice the incentive to keep working.
Kevin Drum argues, rightly I think, that this isn’t very compelling.
Do you see the card he palmed? Basically, the effect of letting the Bush cuts expire is so tiny that the only way to make it noticeable is to compound it over 30 years, which reduces the eventual payout of his writing assignment from $2,000 to $1,700. (And even that’s probably overstated, since it assumes Mankiw pays all his taxes at their full statutory rate, which virtually no one does.) The rest of the reduction down to $1,000 comes solely from the estate tax. But even on the heroic assumption that you should take this year’s zero rate as the baseline for comparison, the estate tax has an exemption of several million dollars. Unless Mankiw leaves his kids a helluva lot more than they need for a down payment on a house, they won’t pay a dime of estate tax.
It’s actually much worse than that. First, even if the Bush tax cuts don’t expire, Mankiw will still pay 35% on the new income, not 0%. The difference is between getting to invest $650 and $604. That’s not nothing, by any means, but it’s not as stark as assuming $1000. Second, he’s calculating in a myriad of other policies that aren’t really on the table.
Moreover, most of us aren’t like Mankiw. Despite his enormous success, he’s still been in the same house since 1987, doesn’t own a vacation home and has no desire for the trappings of a wealthy lifestyle. That’s not normal! Most of us find a way to spend more money as our income increases. If government takes a somewhat larger chunk of what we have, it arguably incentivizes us to work even harder since we now need to gross more to net the same. Now, that’s probably not true at confiscatory rates. If the marginal dollar was being taxed at 91% — as it was from 1951 to 1963 — or even 70% — as it was from 1965 to 1980 — then it may well not be worth the effort. But the difference between the current 35% and the 39.6% we experienced from 1993 to 2000 wouldn’t keep me on the sidelines.
Now, I happen to prefer that Mankiw get to keep as much of the money that comes from the fruit of his labor as possible. And that goes double for Joyner!
But, the fact remains that the United States federal and state governments perform some necessary and useful functions that have to be financed somehow. I don’t think the fact that he “can afford it” is a reason to penalize Mankiw. But, even if we had a flat tax in place on income at both the state and federal levels and got rid of capital gains and estate taxes altogether, the fact of negative incentives would remain. Money beyond that level to maintain Mankiw’s desired lifestyle would be discounted by the fact that government is going to get a large cut.
eric seiger
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
eric seiger
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
how to lose weight fast big seminar 14
big seminar 14
big seminar 14
big seminar 14
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
big seminar 14
Amazon is arguably the first company to embrace the concept of affiliate marketing in a major way. Still, it took Amazon nearly ten years to turn a profit for the effort. Of late, as the internet pros continue to invent & innovate the basics that support the concept of affiliate marketing many affiliate marketers can now begin to turn a profit in as little as a few weeks.
FYI, genuine affiliate marketing boils down to this: People get paid for selling other peoples stuff on line, and that's it. Why do businesses want to pay affiliate marketers? Because affiliate marketers typically understand the basics of how to drive & direct internet traffic. As an analogy, musicians take a mere 11 notes (the basic raw material of music) and are able to compose an infinite number of songs. Some songs reach the imagination of the people and they make the composer some money. Others do not. Affiliate marketing is rather like that. Take the basics of surfing the internet and apply them in original ways that drive traffic (traffic being the music of the internet) to web sites where sales of items are made. The number of original ways to apply the basics in order to drive traffic are as infinite as the songs that can be created by 11 notes. Meanwhile,
Affiliate marketing seems to have swiftly progressed to the point that we now have a reality show where people compete to see how much money they can make on line, the fastest.... Talk about a capitalists wet dream, eh? The show has quite a number of sponsors that include such names as Sprint, Logitech, and the Lincoln Nebraska Convention and Visitors bureau, the city where the show will be recorded... And they have some very nice prizes for the winner of the contest that include, cash and a 2008 Jeep Patriot.
Out of the people who submitted applications in the form of on line videos that began in March 2008 there were 12 contestants chosen to be contestants on June 15th, with the contest itself to begin on June 30th.
The contest is arranged into three teams, made up of four contestants and one coach each. All of the contestants and the coaches are affiliate marketers, and some are already full time in the industry. The coaches, John Chow, Ken Macarthur, and Jeremy Shoemacher (who everyone calls "Shoemoney") are considered to be Gurus in the profession of affiliate marketing and will lead their respective groups into the on line world of affiliate marketing, the objective being to see which team as well as which contestant can make the most money on line.
Shoemoney says, "what you really need to have in order to be successful as an affiliate marketer is work ethic. Everything else can be learned". Shoemoney also maintains that new people to the industry stand to learn a great deal about how to make money on line by watching the contestants compete.
Johnathon Van Clute, Ty Hurd, Chad Van Norman, "Big" Jason Henderson, and "Help me" Rhonda Del Boccio are five of the twelve contestants who along with the shows promoter Thor Schrock made their first media appearance as a group on my internet radio show after learning only hours earlier they had made the cut as one of the 12 contestants. The show had a most enthusiastic tone to be sure. Each contestant I interviewed indicated they have received benefit simply by the process of getting picked.
What's my personal take on this? If you are in any way smitten with the entrepreneurial spirit, then you really want to view each 30 minute show for at least it's educational value. Each show will air on the "Top Affiliate Challenge" web site from July 1st through July 15th beginning at, 1 PM CST and will stay up on the site a full 24 hours for those who want to down load and save the shows. Tune in and you are likely to learn much from the pros on how to set up and operate an affiliate marketing business. And it's all free.
For more information and to access "Top Affiliate Challenge" web site, go to the front page of my radio show web site www.garyjamesradioshow.com and click on the link for "Top Affiliate Challenge". Be Well....Expect Success.
big seminar 14
Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
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Call of Duty DS dev "down but not out" DS <b>News</b> - Page 1 <b>...</b>
Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...
Jonas Brothers Pay Tribute To John Lennon - Starpulse.com
The Jonas Brothers have filmed a video tribute to John Lennon to mark what would have been the late Beatle's 70th birthday on Saturday. The young pop stars cite Lennon as their greatest musical i...
Sea Ice <b>News</b> #26 | Watts Up With That?
That is good news, maybe carbon was not the best thing for the global warming crowd to hang their hat on, or maybe it was all just a snow job from the beginning. They seem to be hanging on to it but when the ship is sinking, ...
big seminar 14
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