What is VidCommx

I friend of mine is starting a new business.

It’s by entrepreneurs for entrepreneurs! He told me that there are primarily two ways to get paid by the company.

You can be paid as a Publisher. You get paid per unique view of the video emails sent by you.

The other way is as an Affiliate. You get paid unto 50 % for direct sales of the product packages and unto $5000/day or more for building teams.

Which sounds pretty good right? It hasn’t launched yet but I’m excited to try it out!

He describes it as

New MLM business, it will start: august 7.
This is the first video email service provider where you can make money just for using the product, When You send email to someone and he read the email and views the advertisement you will get paid as your email carry advertisement of different companies.”

You can check it out here:

http://vidcommx.com/@pallle

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Tech Accessory I Can’t Live Without

I recently discovered icarryalls.com which I use to keep all of my stuff together when I go to the office. I’ve been living in Oakland this summer and after being surrounded by a group of girls asking for money realized I need to keep my stuff discrete and in my hands at all times. 

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Amazon Reviews rave:

It is very hard to find a pad-folio that also holds an Ipad. This is a well made item and is very professional looking. A stream lined configuration for the professional or graduate student. You can feel and see the quality of the leather. The hardware was protected with paper (such as the pull tabs on the zippers) and the item itself was wrapped in bubble wrap. The outside pocket is a great place to put the work and personal cell phones when heading off to a meeting.

I can’t agree more. It’s professional and get’s the job done while looking good. I personally got the iPad case however they carry all sorts of luxury tech related goods. What do you do to carry your essentials while at work? Does paying upfront weigh off when a product lasts over time? 

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Alexa Ranking Goal Update: 352,768 NOOOO!

Oh No! My Alexa Ranking has gone down for the first time! At my last checkin on June 12, 2014 I ranked in at 334,212. Right now I rank in as of July 6 at a measly 352,768.

 

 

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To be fair this past month I really haven’t been active. I deserve the ranking decrease.

I’ve started a new job, moved back across the country and life has been just plain hectic. But that doesn’t mean that I’m not passionate about personal finance or that Becoming The Capitalist will wither on the vine.

I’m also trying to figure out what parts of personal finance I’m truly passionate about. Can you help me out? What do you want to learn more about

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Entrepreneur Grants

Are you trying to start a business? Do you need capital to expand your business? Entrepreneur grants are an option you may need to consider.

Types of Entrepreneur Grants

Money Dollar 300x236 Entrepreneur Grants

There are different types of entrepreneur grants such as minority grants, grants for women, grants for start-ups, grants for specialized businesses, and even grants for low income individuals.

The availability of grants can be based on your location, so it’s a good idea to start by looking at local funding.

The MBDA is the Minority Business Development Administration and is a great place for any minority to start that is interested in the opportunities available to them (including loan options).

Any funding will need to come from local government or private grants though as the Federal government doesn’t offer grants to businesses.

Government Issued Entrepreneur Grants

Government issued grants are probably where most people start looking.

These grants are funded by tax dollars and often come with a lot of contingencies.

Entrepreneur grants can come from either local or state programs, but it’s important to note the Federal Government doesn’t provide grants to businesses.

Sometimes a grant may be available from nonprofit organizations and groups that support a wide variety of federal programs.

The SBA (Small Business Administration) doesn’t provide grants directly, but they do offer some resources to help you understand and locate grants. Consider reviewing their Grants Facts Sheet and their Loan and Grants Search Tool.

Private Entrepreneur Grants

The grants that people are not familiar with are private entrepreneur grants. Private entrepreneur grants are funded by corporations and foundations, and you normally don’t have to pay back the grant. Foundations award grants to entrepreneurs that help meet the issues that are important to them. The key to finding grants is to think about your type of business and your profile as an individual, then searching based on your criteria.

A great example of private entrepreneur grants are the grants offered by the Kauffman Foundation. Browse through their grants and requirements to see if you meet the requirements!

Getting Entrepreneur Grants

The first step of the grant process is to make sure you are eligible for the specific grant you’re applying for. You want to be as accurate as you can about your information if you want to win the grant. Some of the common requirements include stating the purpose of the grant, a solid business plan, history of your business, financial information of your business for previous 3 years, your financial statement, information on your employees, and your personal resume.

Entrepreneur Grant Mistakes

There are many mistakes that people make when seeking entrepreneur grants. The most common one is not paying attention to the information packages and sending in an incomplete grant application. Another one is making sure they’re applying to the right type of grant. Finally, the mistake people make after they GET the grant is making sure they abide by the strict regulations that come with the grant.

A common mistake is trying to skew the purpose of the grant. For instance, if you run a gas station that is trying to be more energy efficient, you probably shouldn’t apply for a renewable energy grant. Just because it is somewhat related, and you can somewhat justify it (barely), you’ll probably be turned down. Worse, if you embellish well enough, you would need to pay it back once your embellishment is discovered.

In conclusion, entrepreneur grants can be one of the best ways to start or grow your business. However, it’s important you know every single detail about entrepreneur grants if you actually want to get one. Finding the grants is difficult, obtaining them is a competitive process, and the funding can go away with the latest budget cuts. They are worth pursuing, just do it carefully.

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