Hi Asav,
I am a 27 year old Indian citizen and I just came across your blog few weeks back, and am totally impressed. I have a query, and I am sure you the right person who could guide me in the right direction. Following your guidance that you have provided in your blog, i am highly inspired, and would like to let you know that music is my passion, and now I want to build a business around that. I have my plans ready, but i need your guidance in somethings.
I want to know the entire process of "how to register my website with a company....so that I start earning for the same", I also want to know how to incorporate Google Adsense in my website so that it helps me generate revenue out of my website. Could you please help with your valuable insights and guidance to get me on the right track of life? I would be ever grateful to you....
Hope to hear from you soon....
Thanks a lot
Regards,
(Reader – Sorry, I can’t disclose readers’ Identity on this Blog without their Permission).
Dear Reader,
Thanks for asking a Question. Today I am very happy. Do you know Why?……….. Because you write in your query that, “Following your guidance that you have provided in your blog, i am highly inspired, and would like to let you know that music is my passion, and now I want to build a business around that.”
Do you know that, What it means for me & this Blog?
Well, It means that, I have created One Entrepreneur in the Economy during the time of recession.
And Do you want to know that, “How much important the Entrepreneurs are for our Economy?”
Click Here to read the Article - “How Entrepreneurs (Like You) can take this world out of the Recession?”
Today I am feeling very happy because my Ultimate Goal of Creating new Entrepreneurs in the economy who can create jobs is being spread in the economy via this Blog “My Journey To Billionaire Club”.
I will give you detailed solution of your query along with which future queries you may encounter with? But for that, You have to pay me a Fee.
Don’t worry, I won’t ask for any Money or tell you to buy some e-book or so. My Fee is, “If you really like this Article than please please create at least 1 Entrepreneur like you in your life. I will be more than happy if you create more. But Please create at least 1. Because our Economy (& of course World Economy) really needs Entrepreneurs who can create jobs. You can do this by spreading the words of this Blog. So Please spread the words of this Blog to as many people as possible. Please help me to spread my words to as many people as possible…. THIS IS MY PROFESSIONAL FEE.”
Anyway, Back to the Main topic. Here is a solution of your Query. -
First of all, I want to tell you 2 things.
- One is, It is your wisest decision that, you have chosen to develop a Business around your Passion. It will 110% pay you in the future. What many of people commonly do is, They start a Business in Hot Industry not because it is their PASSION but because they want to earn Money. 99 out of 100 Businesses of these types will eventually fail.
- Your Second wise decision is that, You have chosen to start your own Business in a spare part time rather than doing an Overtime at your job place to earn few more Bugs or finding some other part time Job. Remember, “You Should always go for Part Time Business & Not the Part Time Job” Because Once your Part Time Business will grow, you won’t have to do your main job at all. But if you chose to do a part time job to earn few more bugs than you are going nowhere.
Query 1) How to Register a Website with a Company? -
Well, To Register a Website with a Company, you have to register a Company first. And to register a Company, you should consult some Corporate Attorney or Chartered Accountant.
There are basically 2 types of Companies that you can register. One is the Private Limited Company & the other is Public Limited Company. In Private Limited Company, it Must have Minimum of Rs.1 Lakh of seed Capital in it & Minimum 2 Board of Directors. While in case of Public Limited Company, it Must have Minimum of Rs.5 Lakhs of seed Capital & Minimum 4 Directors & 7 Shareholders.
So I advise you to first register a Private Limited Company by highering some good Corporate Attorney. Later on in the future, you can convert it into a Public Limited Company anytime.
Now, Registering a Company with MCA (Ministry of Corporate Affairs) is the fortnight process. Within 2 weeks, you will have your Company’s Registration Papers. And with this Registration Papers, You can open a Bank Account in any Bank in the name of Company.
Say for Example, I own this Blog through my own Private Limited Company, “PATEL EDUCATION PRIVATE LIMITED”.
So The Bank account of this Company is also in the name of the Company. Means now I can receive cheques in favour of “PATEL EDUCATION PRIVATE LIMITED”. It will go directly into the Company’s Account.
Legally, Company is a separate entity. So once you register a Company, you can receive a payment in name of your Company.
Now let me tell you here that, Company is nothing but the folder containing some legal documents in it. Initially you can register your Home as a registered office of a Company.
Now you have asked me that, How to register a website with a Company? Well, you can put any Asset in the Asset Column of the Company. You don’t have to register it. A Website is a Web property so it’s an Asset. You just ask your CA (Chartered Accountant). He will put your Website as a Company’s Asset.
This Blog is the Property of my Company “PATEL EDUCATION PRIVATE LIMITED”. Now in this case, I don’t have to do anything. Showing this Blog as a Company’s Asset is my Corporate Attorney’s job. It’s not my job. So a Corporate Attorney will guide you in this matter.
Amazon.com, E-bay.com, Google.com, 99acres.com, Shaadi.com, Jeevansathi.com, Naukri.com, Indiaproperties.com are few famous examples of Web Businesses.
All of the above websites are registered as a Company’s Asset. So you can also do the same. We don’t have to do anything in it. Our Corporate Attorney will take care of everything.
Query 2) How to Incorporate Google AdSense into my Website?
Well, This is a Techie Question & some Technological genius only can answer you. But here let me tell you the basics of it.
First of all Go to this Page of Google AdSense.
Fill the form & Apply for it. Just remember few things in mind. First of all before filling up this form, build a Complete website of your Business & register a Company first.
After that, in account type, Select a ‘Business’ because you want to receive payments in the name of your Company (Like Me).
Now in Payee Name, Write down the name of your company. Because in your case we want to receive a payment in name of your Company. (My Payee Name is ‘PATEL EDUCATION PRIVATE LIMITED’ ).
After that Submit the Form. Google will review your website & approve you if it finds your site proper.
If you want to know something more about Google AdSense than i can suggest you one Blog from Indian Techie……..
He is Mr.Amit Agarwal from Agra running a Technology Blog ‘DIGITAL INSPIRATION’ (Labnol.org).
Amit Agarwal is the highest earning Google AdSense Blogger of India. He is earning 6 figures in dollars per year from Google AdSense. I am sure that, you will find some more useful tips about how to incorporate Google Adsense on your website on his Blog.
Final Words…………
You have asked me at last that, “Could you please help with your valuable insights and guidance to get me on the right track of life?”
Well, I want to share few thoughts with you here at this point.
- First of all, You have taken taken the right decision at right time – Starting your own Business. According to me, Don’t depend on the job security for whole of your life. There is nothing exciting in living paychecks to paychecks.
- Another thing is that, Don’t Quit your job until your Business achieves sufficient level. Once your Business settles, You can quit your job anytime.
- Think Big. You are the founder of the Company. No doubt, initially you may alone. But your job is to give a Vision to the Company. So always think Big.
- Another practical thing I have observed is that, During the initial phase of the Business (First 2-3 years), it is only the PASSION of the Entrepreneur which drives the Business through this initial tough period. Because initially you are alone. Nobody knows you in the market. Nobody trust you initially. Nobody want to listen what you want to say. So initially it is your PASSION, which will drive you through the initial tough period when No one will visit your website.
Anyway…. I think this Information will help you enough……….!!!!!!!
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