The Magical 5 Figure Day
Wooohooo… Today, June 29th 2009, is a magical day for me.. Today marks a milestone for my affiliate marketing business career. Two major event happen today.
1) My revenue for 28th June crossed the 5 figure mark at exactly 2.04pm Singapore time (1104pm PST). I managed to hit $10,124.90 in gross revenue and its real a darn exciting day for me.. Could hardly sleep at night just to monitor the stats and make sure that i do not exceed my budget. 
However, my cost is pretty high at $8400, which leaves me with about a 20% gross margin which is low! My action plan now will be to tweak my campaign to increase the landing page CTR and also optimizing ads for CTR and QS and also delete non converting keywords… Hope this baby carry on! 
The reason why i was able to scale it up so quickly is because of a tip that Jonathon Volk said in his interview with Tracking202. You can watch the interview here and see if you can catch the ultimate tip that Jonathon said.
http://prosper.tracking202.com/blog/jonathan-volk-from-surge-marketing-video-interview-27-minutes
2) I registered my company today! Met up with some accountants and tax people to discuss the details of the company. Its really troublesome now that i have a company and personal name. Everything gotta be accounted for even though ALL the money is yours… but the tax relief for Pte Ltd is very good though..
Affiliatepedia Pte Ltd is the name of my company.. Nice name? ha
June is coming to an end soon and i’ll have an update of my progress for June pretty soon and i’m finally doing up the last part of my PPV Traffic report so stay tune..
Popularity: 31% [?]
18 Responses
wow! impressive work again.. is this mostly from ppc? and some from ppv?
appreciate if you can let us know that if the offer can generate 9k++ is it from zip/email or credit card type of lead? Just want to know the possible outcome.. thanks!
and congratulation on your new company
Superb buddy, Congrats on achieving your 5 figure mark
I am eagerly waiting for your report on ppv to be released.. and ha Affiliatepedia is a good name.
Congrats on a your new company! What a milestone it must be.
An impressive accomplishment..
Hi
Congrats.. =)
Anyway can i know it is possible NOT to register a company
and continue to operate PPC just like the way u did in the
past ?
Is this legal by the way ?
Felicia… nope…. Under Singapore law, any revenue receive in singapore and the person is working in singapore is taxable….
So we as affiliate marketer still need to pay tax to Singapore… and having a Pte Ltd will give you alot of tax benefit and flexibility…
Thanks everyone for the comment
Taxable? All along I assumed its non-taxable income as its from overseas income, and will not be taxed to prevent ‘double taxation’. You sure ah..? Got confirm with those Tax pple??
I always thought that overseas income is not taxable too.
http://www.iras.gov.sg/irasHome/page04.aspx?id=154
Hi Ivan,
Congrats on your achievements! I also like the new template for your site, very clean and fresh looking. Keep up the good work!
yea… Me and Ivan already went through this. There will be no double taxation. But you have to pay tax in 1 country. And since tax is crazy at US, it is logical to do it in Singapore and also for the tax reliefs you can get.
I am Ivan’s financial consultant… so if you need any information can ask me directly or ask from Ivan. Ivan should be quite pro now liao.
Congrats Bro! FINALLY after 2 months we got it done… now you are a CEO =D and doing business legally!
hey thanks Desmond for the clarification….
And if you remember signing a W8 form? Its for tax reporting stating that you will not report tax in USA but do it yourself in your home country which for us is in Singapore…
I got further clarification from Dylan Loh ( Internet Guru) that it is taxable when your base of operations is in Singapore and income is received here in Singapore…
So… better be safe… dun get into trouble with the law… Its just ain’t worth it…
Hey Ivan,
Congrats in your new company, nice name by the way!
Can you or Desmond enlighten me on the difference between registering a sole proprietorship business and registering a company if we are doing it alone anyway? How much ($) does it take before we should consider getting a company?
Thanks!
Sole Prop does not give you the tax benefit that you should be having…
For example, Pte Ltd has a tax benefit whereby the first $100,000 of chargeable net profit is free whereas for sole prop you do not get this benefit…
Also for sole prop, you are paying your tax under personal income whereas for Pte Ltd you are paying it under corporate tax…
In my opinion, any profits above $100,000 you should go register a Pte Ltd, if not just go for sole prop because it can be quite a hassle to do tax reporting for Pte Ltd… But for the savings you get from Pte Ltd, its all worth it…
Wow, you fork out over 8 GRAND for advertising, how many 8 grands can you fork out everyday???? I suppose that that 8 grand marketing expense is only for 29th of June??? Correct me if i’m wrong.
Thanks for clarifying it up, Ivan. I hope to reach the goal of registering a Pte Ltd soon too. Haha. 
Hi Ivan!
Congratulations!
I finally buckled down and started PPC 2 months ago (I have been doing organic sales for a while now) but last week all my zip/email submits for 3 different networks were scrubbed! What can you suggest I do now? Continue with zip/email submits targeting countries outside the US (I hear they are scrubbed less)? Are you running $1.00-$1.50 leads or higher ones? In short, anything you can enlighten me on profiting consistently from zip/email submits will be mucho appreciated!
Enoy your well deserved vacation!
@Ivan,
The first $100k being tax exempt is for the first 3 years right?
It’s not a real savings, because when you pay yourself a salary, that salary is taxable at the income tax rate.
The only real way to reduce tax exposure is to buy investments/assets with your company and expense your profits that way – eg: buying your own office unit/building, paying office rent, etc.
Congrats bro..