Archive for the ‘Uncategorized’ Category

If you have the ability and talent to program code for a Facebook/My Space type game then here is an opportunity that comes along once in a lifetime.

There are many kinds of income but basically they all can be summed up into three types:

1)  Employment Income – If you are an employee or  work at a job where you must be in an office or do some sort of task (yes plumbers, electricians, doctors, dentists and accountants fall into this category), then you must show up or you don’t get paid.   The limitations to employment  income are obvious, if you are sick or don’t show up for work – you don’t get paid.  There are also only so many hours you can work in a day, only so many patients, clients or teeth you can pull in a day – so this form of income is limited.  This type of income is one of the highest taxed by government.

2) Business Income – This revenue stream is much better than employment income especially if you own the company.  However,  there is a lot more work for you to do.  Dealing with employees and their paperwork, tax documentation, the government regulations, lawyers, accountants, banks and other time consuming tasks.  Sure the revenue produced is taxed more friendly than employee income (especially dividends), but unless you have management in place to run your company when you are away, you need to be in the office to keep the business profitable.

3) Passive Income – Of course receiving money for something you did or created years ago and now receive royalty checks, dividends from shares or any other revenue where you only have to check your bank account to see if the deposit came in, is in my opinion, the best form of income.  After you create a Facebook/My Space game, or a product, a song, a film or some other thing that generates money where a portion automatically goes into your pocket without you having to do much else other than spend it – that is the kind of income everyone should be thinking about earning.

Passive income is the kind of income you could be earning but only if you have the talent and the computer coding skills to produce a Facebook/My Space type game similar to Kingdoms of Camelot and Mafia Wars.  If you can code this type of online game then contact me at info@Playdigm.com.

Become a co-owner in the next project you work on instead of just an employee who watches everyone else benefit long term.  Receive passive income for the rest of your life and your childrens children’s lifetime…

Send your qualifications and skills to info@Playdigm.com  and make sure you put Attention Sandford Tuey in the subject line.

I look forward to discussing this project with you.

Posted by admin on May 6, 2010

HAPPY NEW YEAR

01-01-10

May 2010 be a wonderful and prosperous year for you and your families!

Over the next few days you should take the time to re-evaluate last years goals and move the things you did not complete onto this years To Do list.  Edit this list and delete those things that are not important anymore and revise your priority list so you can focus on the most important ones.

By reviewing the things you want to achieve daily it will motivate you to do them and finish these tasks.  By working on your goals as often as you can will help you achieve them.  This is only one method of winning and succeeding in life.

May your dreams come true!!!

Cheers!

Sandford Tuey

info@Playdigm.com

Posted by admin on January 1, 2010

It’s snowing in Vancouver.  Usually we don’t have a white Christmas but this year could be the exception.  It is below zero (unusual temperature for us).  Makes the holiday season more real when it’s cold and nippy.

During the holiday break I intend to write a lot (two of my screenplays need editing), also need to develop a couple contracts for projects that will start in 2010 and of course, share the spirit of Christmas with my family and friends.

Which means I will be back to writing more posts in January 2010, but will manage a few between now and New Years Eve.

So have a great holiday season (whatever way you celebrate) and a happy new year!!

Cheers everyone!

Sandford Tuey

info@Playdigm.com

Posted by admin on December 13, 2009

I receive questions all the time and every now and then I post one here and answer it to the best of my knowledge.  For four years I consulted for the Searchgrad program at the Alliance for Arts and Culture. I still help artists make money from their art and here is a question from a past Searchgrad.

“I met a teenager in India selling small rugs and I had the thought to hire him on a website with video, photo, and bio.  I’ll offer to buy rugs from him/his family and/or to give him a % of all online sales. Do you have a thought on how to proceed, maybe regarding import/export. A friend is going to India and will video tape the kid and look into purchasing and so on.”
Thank you.
Cavelle

Hi Cavelle,

First, thank you for your great question!

1) From a business model this opportunity raises more questions.  How old is the teenager?  If he/she is under the age of 18 they are not legally an adult and can not be legally bound by contract, so if they do not produce the rugs and/or deliver the rugs, there really is nothing you can do.  If you sign an agreement with the teenagers parents, that is another story, but what are you willing to do should the business relationship collapse, or the teenager disappears/dies?

2) Let’s say that the teenager is an adult and is providing or has family/friends providing the rugs. What kind of deal does he have with the rug makers? What kind of guarantee can you expect from him/her to deliver? What kind of conditions is he/she or the other rug makers working under? What kind of reasonable wage?  The reason I ask is that if the online public were to find out that this was a variation of a sweat shop/child labour project, it would negatively affect your project.

3) Have you created a business plan?  Without a written business model figured out, you will be trying to reach a destination without a map. Plus you need to price out everything anyway to see if you can make a profit – preproduction, production, shipping, insurance, taxes, marketing and every other thing that can happen with international trade.

4) Have you been in one of the rug retail stores here in the city?  People are already importing rugs ranging in quality and usually at volumes that allow them to sell at a very low price.  If your project can not compete, then why put in all the time and effort?  You need to work these things out before investing any money.

5) For whatever reason, if the teenager is paid and will not perform the delivery or there is a quality issue, good luck on getting this corrected.  International court cases are extremely expensive and that is why dealing with global corporations seems to be the way the world is turning.  Which is not good for the little guy.

6) One last point. If you take payment from online buyers and do not deliver (for whatever reason) you will be the one liable for these transactions.

I realize that I have answered your question with more questions, but once you answer them, you will have the answers you seek.

Good luck with all your endeavours!

Sandford Tuey
www.Playdigm.com

PS: Contact the Export Development Corporation for more import/export information on international contracts, insurance and banking.

Posted by admin on July 15, 2009

A new brand is about to be launched in British Columbia, Canada.

W.A.L.L. Music and Entertainment stands for ‘We All Love Live Music and Entertainment’.  It is a production, protection and promotion company that is about to launch its brand into the music and celebrity arena.

Our first ever event is BILL COSBY for two shows July 31, 2009 – 6:30pm and 9:30pm.  Tickets are $100 and $60 (plus service fees and taxes).  Enjoy the hilarious humour of this master comic in Penticton – where the sun and the fun never sets.

Our first Rock concert is MARIANAS TRENCH headlining on August 1, 2009. With Special Guests – FABER DRIVE, THE LATENCY and THE ARMCHAIR CYNICS. Tickets are only $20 or $47 (plus service fee and taxes). Perfect for the Penticton long weekend.

Both events are located at the Southern Okanagan Event Centre – 853 Eckhardt Avenue West, Penticton, British Columbia.

FOR TICKETS: Call – 877 763-2849

ONLINE - www.VALLEYFIRSTTIX.com

WALL Music and Entertainment looks forward to Rocking Your World at an event near you!

Sandford Tuey

Business Affairs

Posted by admin on July 2, 2009