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Salesforce is more common and used by more sales team.That said, for clients implementing NetSuite ERP, the CRM package is great if they don’t have anything already in place.When Salesforce is already present, we generally integrate Salesforce to NetSuite ERP - it’s not that difficult.In other words, we’d not attempt to pull a sales team off Salesforce to replace it with NetSuite CRM, even in a NetSuite ERP implementation.The truth is, there’s not as much integration between ERP and CRM as most people think and when you realize you’re asking accounting to let salespeople change customer data - that’s usually the end of any integration talk.Also, going from one CRM system to another is a huge disruption for sales and often results in poor user adoption - which is why when we’re called in to replace a bad CRM system, we normally look to find it’s really a bad implementation of a workable CRM and we come up with ways to make the current system useable.So what do I prefer? Whatever the sales teams like best. We’ll fix everything else in the implementation and rollout.

Cloud server hosting is an on demand form of hosting services provided to customers through the platform of the Internet. In the place of performing on the basis of a single or virtual server, cloud server hosting services act with the help of multiple connected servers comprising a cloud. The main reason behind using cloud computing is to handle the differences in web traffic and can also offer better redundancy. It is a cost effective solution that means that you need to pay for the amount you make use of.Advantages:Reliability and easier access in an increased formExtremely beneficial as a potential cost saving functionSeamless scalabilityPotential freedom for clients to be spared from subjected on-premise server and hardwareClients via the internet, pay only for the consumption of resources online.Abundant access to data storageThere are no one point of failureThere is immense flexibility owing to increased growth of the website.There are plenty of generous features and guaranteed website performance based on the numerous machines at work.Choosing the correct server:There are a lot of services which use extremely advanced virtualization systems which assure dedicated server resources for each website on the cloud. This in turn proves beneficial for websites on a smaller scale for which dedicated server hosting like services at a worthwhile price is nothing but a boon. To successfully accommodate any type of online project, there is several cloud hosting services which possess pre-defined cloud hosting packs. Cloud server working under the same system provides its customers with the guaranteed source of backup and several data that is never lostI recommended you Computehost. It’s provide hosting solution for websites on virtual servers. You can use this anytime anywhere, your data has been secured with backup facilities. Computehost is the best cloud hosting provider offering the best plans for cloud hosting. It is guarantees 99.95%uptime,redundancy in their tier III data center, highly scalable plans that are reasonable price, fast connection and 24/7 customer support then you should go for the ComputehostBenefit to use this service:Easy access of data from any Internet ready devicesYou can access you data anywhere, anytimeTier III data centersHigh-end processing speed and server

Source: The Truth About Tai Lopez, the Lamborghini, Mansions, and Alleged Business SuccessIntroductionI still remember when Tai Lopez’s advertising blitz began on YouTube. I personally thought it was brilliant. I assumed — here is some guy who has maybe $100k of his own money (or possibly just that amount from an investor) and is stretching it to the absolute limit to make himself seem successful. Lamborghinis, mansions, and Instagram models. It was peak “fake it ’til you make it.” Although his videos seem like a fairly obvious strategy today, several years ago, when Tai made a splash on YouTube, it was actually quite unique.Background Research ObjectivesFast forward several years, I’m performing client due diligence, competitive intelligence, and opposition research for various lobbying and strategic communications firms, through my company, Black Edge Consulting. Tai Lopez (much to my surprise) is still saturating YouTube with his ads. And that’s fine. I’m not one to knock a fellow entrepreneur.But Tai had branched out from his generic “67 steps” to social media marketing. And now, according to a connection that I made through The Cryptocurrency Alliance, he was pitching his marketing know-how to a number of wealthy investors, looking to create their own ICO.Cryptocurrency was already beleaguered by a number of scams and failed tokens. And the people Tai was approaching with these ideas, had enough money to shift the volatile and largely opaque market in which various cryptocurrencies were traded.So while my gut instinct told me this was another iteration of an ongoing “scam” by a self-professed guru, I realized I hadn’t really looked at Tai Lopez, or many of his early claims closely. This realization prompted me to explore Tai Lopez’s background and look into the various claims he has made. The following is brief excerpt from a more detailed report we compiled on Tai Lopez as part of our due diligence.Tai Lopez Biography (according to Tai Lopez)IntroductionThis is the story of Tai Lopez, based on his videos, websites, and promotional material. What I think of as The Allegory of Tai. The Tai Lopez biography in his own words:“Life has too many hard decisions — what career to choose, what religion to believe, who to marry, where to live, what politics to follow… What if I make a mistake? Wouldn’t it be easier if I could just find one person who could give me all the answers?”-Tai LopezAccording to Tai Lopez, it all started at age 16. Tai realized that life was too complex to figure out on his own, so he wrote a letter to the wisest person he knew, his grandfather — a scientist — and asked for the answers to life’s hard questions.Tai was disappointed with his grandfather’s reply. There was no “secret formula.” The letter simply said, “Tai, the modern world is too complicated. You’ll never find all the answers from just one person. If you’re lucky, you’ll find a handful of people throughout your life who will point the way.”But one week later his grandfather sent a package containing an old, dusty set of eleven books with a note, “Start by reading these.” That began Tai’s habit of reading on his search for what he calls the “Good Life”: the balance of the four major pillars of life — health, wealth, love, and happiness.Over the years, Tai sought out the secrets to that “Good Life” by setting up his life as a series of experiments. He began by first reading thousands of books from the most impactful figures in history Freud, Aristotle, Gandhi, Charlie Munger, Sam Walton, Descartes, Darwin, Confucius, and countless others.He spent two-and-a-half years living with the Amish, spent time working at a leper colony in India, and helped Joel Salatin pioneer grass-fed, sustainable agriculture on Polyface Farms.He then joined the long list of entrepreneur college dropouts and ended up completely broke (sleeping on his mom’s couch) until he talked five, multi-millionaire entrepreneurs into mentoring him.Tai went on to become a Certified Financial Planner and worked in the world of finance before becoming a founder, investor, advisor, or mentor to more than 20 multi-million dollar businesses while settling in the Hollywood Hills.He appeared on various TV and radio shows, spoke at top global universities like The London Business School and the University of Southern California, and created one of the top downloaded podcasts and YouTube channels, “The Grand Theory of Everything.”In order to get feedback from an even larger audience, Tai started what is now one of the world’s largest book clubs that signNowes 1.4 million people in 40 countries with his “Book-Of-The-Day” free email newsletter.Tai recently summarized all he has learned from his mentors and compiled them into a series of ‘mentor shortcuts’ he calls, “The 67 Steps.”He also created an alternative to the traditional business school. This “Business Mentorship” program combines the best of self-learning with the best of a University degree without all the downsides of burdensome costs and inefficient methods.Tai Lopez’s LinkedIn BiographyTai Lopez Biography (based on our research)While the last few paragraphs are somewhat accurate, there are many questionable claims that Tai Lopez makes about both how he initially made his money and how he makes it now. We’ll first examine our findings regarding his personal and business biographical claims. Below are some of the facts about Tai Lopez that have kept readers guessing:Tai Lopez’s full/real name is Taino Adrian Lopez.He is 42 years old and was born on April 11, 1976.He was born in California, but grew up in Clayton, NC.He graduated from Sunny Hills High SchoolHe has claimed he dropped out of college, but what college, if any he attended cannot be verifiedHe does appear to have “lived with the Amish” as he touts, although the timeline is unclear. There is no evidence that he lived “in a lepper colony in India” but it is a claim that is difficult to dispute as he only addresses once or twice on camera:“I went to India, worked in a leper colony…” — Tai LopezHe started his career (well, really his total 3 year working career), by selling life insurance. The financial advisory role that he touts is completely unsubstantiated, especially to 20 multi-million dollar businesses. He was clearly an early internet marketer, as evidenced by this archived screenshot of his site:He partnered with some friends to operate various dating sites. Not many of the dating sites are still active, but they appear to be his initial source of money. It’s hard to judge whether the dating sites were all “scams” as many reviewers/users described. I think there is ample evidence that he (and many other dating sites) used fake profiles to lure members on.Dating and relationships (especially with attractive women), are still a reoccurring theme in his products. His flagship 67 steps still mentions its amazing ability to improve participants’ “health, their minds, their relationships, and their finances.” This is also evidenced by many of the domains he owns. They almost all involve becoming a millionaire, dating women, or gaining access to a “select group of people” or club.He does, in fact, live at the mansion he features in many of videos. But he does not own it.If all of Tai Lopez’s ventures started out as a “scam” or “advertising ponzi scheme” of sorts, it appears to have worked, although, to what extent is debatable. By almost any metric he is definitely making money selling his courses, products, and consulting. It’s also worth noting that although he became (in)famous for his “here in my garage” video, he has pretty much dedicated his life to honing his sales pitch, especially to internet users.Frequently Asked Questions (FAQs) About Tai LopezBelow are a compilation of Frequently Asked Questions about Tai Lopez.Does Tai Lopez actually own the super cars and mansions featured in his videos?MansionsNo — Tai Lopez does not own the mansion depicted in his videos. As many have identified, the house Tai implied was his is at 810 N Rexford Drive Beverly Hills, CA 90220–2909. He does live there (presumably a lease agreement) but the actual owner is Marc Bohbot, or technically, the Bohbot Marc & Michele Trust:Exotic CarsAs Tai later notes in some of the disclosures in his videos, he does not own most (or possibly all) of the exotic cars. A prime example is his famous “Here In My Garage” video:Right off the bat there he tells us:“Just bought this new Lamborghini here.”Another example is a Facebook video from 2016:On other occasions, Tai has shown his garage stocked with as many as six luxury vehicles.But it seems Tai doesn’t actually own those cars. At least, not all of them.Consider the following:At the 14:04 mark of an April 2017 video with h3h3Productions, Tai shows paperwork that states at least one of his cars (a red Ferrari) is leased.California car registrations must show the name of the lessor and the lessee. LSR stands for lessor, LSE for lessee.So Ferrari Services Title Trust is a part of Ferrari. And that’s the lessor. The lessee is Mas Group LLC or Taino Lopez.Mas Group LLC is a domestic Nevada LLC (Entity number E0153382010–4). The owner (“Member”) of the LLC is not publicly listed (not required in NV), but the Manager is TAL Promotions LLC.Here’s a screenshot from another video of Tai driving a black Lamborghini (taken from the 6:02 mark):There is speculation that the white item attached to the key in the ignition is a rental tag.At the 3:55 mark of a May 2016 video on his official YouTube channel, Tai says:“I’ve done all of them. I’ve bought, I’ve leased, I’ve rented cars.”At the 1:30 mark of a January 2018 podcast, internet marketer Neil Patel said the following:“If you talk to Tai and you get to know him, and I’ve been to his home, I’ve seen a lot of the stuff. You know, he’ll talk about cars. He’ll tell you he leases them. It’s not like he’s saying he bought it outright.”Of course, leasing a car is totally fine, and may even be the smart move financially (especially when you can write it off as a business expense, which Tai seems to do).It’s just hard to know which of those exotic cars Tai does lease, and which of them (if any), he actually owns.Is Tai Lopez A Scammer?To answer this it’s important to understand what a scam is. So what is a scam, technically?A dishonest scheme; A fraud.Based on the thousands of negative reviews providing detailed info, I would say that there is certainly evidence of a dishonest scheme. The dating websites, the reoccurring and potentially unauthorized billing for various products, and mixture of unmarked affiliate advertising all rely on dishonesty. But are they a fraud? I think, like many self help gurus, that is debatable.Tai even addresses this question himself on Quora:However, while whether he is a “scam artist” is debatable, the constant use of money, cars, and women (milling around for no apparent reason) all contribute to a “get rich quick” conclusion in many viewers’ minds. The testimonials only further this idea. They all focus on how fast they made large amounts of money, as opposed to the total over a longer period (unless you consider $70k per month in a few months, steady long-term growth). This also allows people to fudge data so that they can say they made $x in a short period of time) and wildly extrapolate that figure over many years:Tai promoting his most recent spring promotional, while inexplicably wandering around a farmA reoccurring theme: “I was tired of being average…”It only took me a few months to make $10,000 but I can’t hold my iPhone steady?Minimum wage to $70,000 per month?!$2,200 discount sounds great, but why was it so expensive to begin with?Only 3 Steps!He claims he promotes a long term approach that does not suggest anyone can get rich quick, but his use of exotic sports cars, mansions, women, and cash beg to differ:Sports Cars/Mansions:Women:Cash:Even all 3:Tai Lopez driving around in a Ferrari, with Ms. Kentucky (for no apparent reason) rambling about philosophy. Note the cash bookmark in the book.As one user wrote:You can chart the scams progress in life by the domains age. Tai came from nothing, defrauded some folks with fake dating sites, and moved on to better scams by joining a syndicate and hitting it big on social media. If he had any other non scam success, he would call it out by name, as other successful people do, and enjoy the free publicity. And he’d have other domains in his name with age. And he’d have other corporate filings in his name with age. And he’d have testimonials from the past and photos from the past, and promotions from the past. Sadly, because he is a scam artist, what he has is a very well invented present…While I would stop short of agreeing on labeling him a “scam artist” the commenters raises an important point:If he had any other non scam success, he would call it out by name, as other successful people do, and enjoy the free publicity.So if he is not making money from successful multi-million dollar businesses, independent of his fleet of self-help products, how is he bringing in the revenue to support what must be an insane advertising spend?How Does Tai Lopez Make Money?A screenshot of a video posted on IG where Tai notes this is one of many accounts he hasNiall Doherty does an excellent job covering many of the way Tai Lopez actually makes money:Tai Lopez Scam? We Fact-Checked 37+ Tai Lopez Claims - Here's What We FoundHidden Bonus Once per week, we email 3,400+ legendary subscribers with some good stuff related to online business…www.ndoherty.comHe includes all of the following as ways Tai Lopez makes money:1. Dating websitesBest we can determine, this was how Tai first started earning signNow sums of money online.He ran a fleet of dating websites that were especially active from 2010 to 2015.All of the sites appear to be offline now, but here are a few we’ve been able to link to Tai:http://eliteglobaldating.comhttp://modelmeet.comparentsmeetonline.comelitemeet.comjustmillionaires.commeetingmillionaires.comhttp://millionairemagnetsystem.comhttp://elitefling.comhttp://modelpromoter.comIt’s unknown how much money Tai’s fleet of dating sites earned, though zoominfo.com listed their revenue as $2.8 million with a staff of 14.2. Online coursesTai sells a bunch of online courses, primarily related to self-help and entrepreneurship.Best we can tell, he launched his first course — The 67 Steps; read our review here — in 2014.According to a sales page for the course, more than 215,000 people have signed up so far.There are several price points for The 67 Steps and also several upsells, including a VIP program with a monthly fee.Our pessimistic estimate for the lifetime value of each person who has bought the course is $30, 37 which would mean at least $6.4 million in revenue to date.Some of Tai’s other online courses include:Social Media Marketing Agency (reviewed here)Accelerator ProgramMentor ProgramEcomm AgencyHome Sharing Management Company ProgramE-Commerce BlueprintCredit Mentor ProgramReal Estate Mentor Program5 Minute Mentor ProgramMini MBA AcademyHow I Make Money Online ProgramBitcoin Crypto MastermindKnowledge SocietyAmazon Sales BlueprintSales Mastery Black BeltWe’ve seen the prices of those courses range from $10 to $3,988, and Tai seems to be constantly offering discounts on one or more.Which makes it hard to estimate how much he’s earning from courses overall.From the prices we’ve seen, however, if each day he was to make just 1 sale of each of the 16 courses listed above, he’d earn approximately…$37 + $97 + $3988 + $497 + $49 + $99 + $69 + $49 + $49 + $10 + $1,297 + $697 + $697 + $10 + $19 + $1,997 = $9,661/dayOr approximately $3.5 million per year.Expenses would have to be subtracted from that.And since many of Tai’s courses are created and taught by multiple instructors, it’s likely that he only ends up keeping a fraction of the revenue.That said, at the 2:05 mark of the following video, Tai claims that he and his business partner have spent more than $500 million on advertising over the years.Presumably, they’re getting a decent ROI on that ad spend or they wouldn’t have spent so much.Given all that, it’s a safe assumption that revenue from selling online courses is Tai’s biggest source of income.3. MentorBoxMentorBox is a company that Tai co-owns with Alex Mehr.Customers pay a monthly fee and are sent a new book each month to “improve your financial and social life.” In addition, they get access to exclusive video courses, audio lessons, workbooks, and cheat sheets via the MentorBox website.Tai has tweeted that the company has done a deal with WalMart:Tai mentioned MentorBox several times in an August 2017 live stream on YouTube:Some claims made by Tai in that video:16:20 — Says he launched MentorBox “seven months ago” (i.e. January, 2017)16:26 — Says he owns 50% of the company.16:49 — “We are now in 100 countries shipping books”16:58 — “We have the Netflix of books. It now makes $50,000 a day.”17:14 — “I spend one hour a month on this business”27:03 — “I invested $100,000 into it seven months ago.”Tai reports lower earnings for MentorBox in a March 2018 video on YouTube, showing on screen that MentorBox had earned $17,384 that day and “$715,000 in the last month.”Tai’s claims differ again in this webinar with Alex Mehr, which was most likely also filmed in 2018 38.At the 43:45 mark of the webinar, Tai claims that MentorBox is “doing” $1.5 million per month, and later (at the 58:00 mark) reads from his phone that the company earned $65,000 in a recent 24-hour period.Given all that, MentorBox would appear to be generating revenues of between $17,000 and $65,000 per day, which works out to between $6.2 million and $23.7 million per year.No information is available on company profits.But assuming there is a healthy profit and it’s split 50/50 between the owners, we can assume that Tai is earning a few million dollars from this business each year.4. Sleep glassesIn the same video mentioned earlier, Tai shows a screenshot from an e-commerce store that has apparently earned $17,850 in a month.Tai says beforehand in the video that the store sells “sleep glasses.”At the 2:24 mark he claims that the same business sells $3,000 to 4,000 per day via Amazon, “so about $5,000 a day” total.Most likely, this business is a partnership with James Swanwick of Swanwick Sleep.Tai mentioned within the first two minutes of an October 2017 podcast that he and James had become business partners, and a testimonial from Tai appears on the Swanwick Sleep website.As per that linked podcast episode, Swanwick Sleep was on pace to earn $2 million in revenue in 2017.However, the numbers Tai showed in the above YouTube video fall far short of $2 million per year, and once again it’s not clear how much of that is profit and how the profits are divided between partners.5. Podcast sponsorsTai has been publishing “The Tai Lopez Show” podcast since 2014, putting out an average of 100+ episodes a year.Since June 2018, Tai has been promoting sponsors on the podcast, usually telling listeners to go to a special URL on the sponsor’s website to receive a bonus offer or discount.Here are a few of the sponsors he has promoted on the podcast:ZipRecruiter — hiringNetSuite — business management servicesSquareSpace — website builderSkillshare — elearning platformTalkSpace — online therapyForHims — hair careLightStream — loan serviceStockX — buy and sell clothing, accessoriesSome sponsors likely pay a flat fee for each promo spot.Tai claims on his website that his podcast “gets around 800,000 downloads per month.” 41 Averaging approximately 8 episodes per month, that works out to 100,000 downloads per episode.According to this calculator, at those numbers, 2 mid-roll ad spots (which is what Tai usually has) would generate an income of $225,000 to $375,000 per year.However, not every sponsor pays per promo spot. Some of Tai’s podcast sponsors likely pay him a commission for each customer he refers (i.e. affiliate marketing).LightStream, for example, pays a $60 commission on every funded loan, while TalkSpace pays a $20 commission for each referral. 42So if 20,000 people listen to an episode of Tai’s podcast, and 100 of them end up getting loans on LightStream via a promo link mentioned on there, Tai would receive $6,000.But it’s difficult to estimate how much money Tai is earning via his podcast sponsorships overall.Our best guess here is between $200,000 and $400,000 per year.6. Affiliate marketingAs just described, Tai earns money as an affiliate for several businesses he promotes on his podcast.He’s also known to use affiliate links when recommending books.For example, this link in a message to his mailing list is an Amazon affiliate link:Amazon affiliate commissions are small for books, however: only 4% for digital and 4.5% for physical. 43Which means that for every $1000 of book sales Tai generates on Amazon, he only receives $40–45 in commission.That said, any time someone arrives on the Amazon website via Tai’s affiliate link, Tai receives a commission on anything that visitor buys there within 24 hours, and commission rates in some departments on Amazon run as high as 10%.Still, we doubt this is a big earner for Tai.He also seems to pass up the opportunity to affiliate link to the many third-party products and services we’ve seen him recommending within his premium courses (see our reviews here and here).7. Coaching and consultingTai has a website at Millionaire Life Coach which funnels people to a sales page written in 2014.Tai’s coaching fee as listed on that page is $9,750 a month.In an October 2017 podcast with a former client, Tai said that the client had paid him $25,000 for a year of coaching in 2013. 44Meanwhile, on a sales page for Tai’s Private VIP Mentor Coaching System, he writes:the coaching and consulting I do now is also simply too expensive for most people. I charge up to $1 million a year for one-on-one consulting and my average fee is $50,000-$100,000.We haven’t been able to determine how many people (if any) are currently paying those prices for Tai’s coaching and consulting services.The only other main sources I would add are social media management and affiliate marketing of his own products. As he suggests in the screenshot from Quora below, his team likely does manage some decent sized social media marketing contracts.His affiliate program is backed by ClickBank, and has a 75% payout which is extremely high. So effectively, Tai is outsourcing the promotion of his courses to random people, who have a strong incentive to endorse the program, generate affiliate sales, and earn themselves a commision.Who is Maya BurkenroadMaya Burkenroad, 32, is Tai Lopez’s cousin. They share the same grandmother, Marianne Bunkenroad, age 101, and featured in some of Tai’s videos.What is Tai Lopez’s Net Worth?Again, deferring to Niall Doherty:A reasonable estimate for Tai’s annual income can be found in a post by Phil Lord on Quora:My personal estimate is he makes around $18M per year. He claimed a number of times that he makes $100k per day, which is around $36M per year, but he’s known to conflate his gross and net income. I would estimate that at least half of that goes to his ad cost.Tai, however, claims to be earning much more than $18 million per year.At the 43:30 mark of this webinar — most likely filmed in 2018 24 — he responds to a live question:Someone says “Tai only makes $3–5 million a year.” Is that true? People are always trying to figure out how much money. You can multiply that by a big number. $3–5 million would be bad for me. In fact, if I make $3 million in a month I might have a heart attack.If Tai is to be believed there, he’s earning more like $5 million per month, or $60 million per year.I agree that he constantly conflates gross and net income (another form of deception). But if I had to put a number on his net income (factoring in all the huge ad spending, swarms of lawyers he surrounds himself with, and the “failed” ad campaigns that don’t work), I would estimate he personally makes an average of around $10 million per year over the last 4 years.Why do People Continue to Pay for Tai’s Material/Defending him even Though There are Many Red Flags in his Promotional Material?Although they are very different, I would liken the effect to the subtle brilliance of Nigerian scam letters.According to new book “Think Like A Freak,” a follow-up to the popular “Freakonomics” by Steven D. Levitt and Stephen J. Dubner, the scam’s obviousness is its chief selling point.The book refers to research from Microsoft Research computer scientist Cormac Herley, who looked at Nigerian scams — technically called advance-fee fraud — from the point of view of the scammer. How, he wondered, were scammers who never sent an email free of typos earning enough money for the United States Secret Service to establish its own task force to fight them?In fact, those typos are a key part of the scam.Levitt and Dubner explain the genius behind such an obvious scam in terms of “false positives,” referring to email recipients who engage with the scammers but don’t ultimately pay. signNowing out to scores of potential victims isn’t much work, thanks to the ease of email, but with each reply from a gullible target, the scammers are required to put forth a little more effort.Therefore, it’s in the scammers’ best interest to minimize the number of false positives who cost them effort but never send them cash. By sending an initial email that’s obvious in its shortcomings, the scammers are isolating the most gullible targets. If you trash their email, that’s fine. They don’t want you, someone from whom there’s virtually no chance of receiving any money. They want people who, faced with a ridiculous email, still don’t recognize its illegitimacy.As Herley tells the book’s authors, “Anybody who doesn’t fall off their chair laughing is exactly who they want to talk to.”The ridiculous get rich claims, models, piles of cash, exotic cars, and low-quality video testimonials, are the equivalent of the typos in the Nigerian scam letters — a tactic used to isolate vulnerable targets efficiently.

Hey good day,If you are an experienced candidate , then the interview would be completely on your previous job and previous work.But if you are a fresher , then these are some possible questions.1) Why did you select accounting as your profession?Well, I was quite good in accounting throughout but in my masters, when I got distinction I decided to adopt this field as a profession.2) Do you have any professional experience of this field?Yes, I have worked as an accountant at two different places.3) Did you use accounting applications at your previous companies or prefer working manually??Yes, I have used Advanced Business Solutions and AME Accounting Software in my previous jobs.4) Can you name any other accounting application?Yes, I am familiar with CGram Software, Financial Force, Microsoft Accounting Professional, Microsoft Dynamics AX and Microsoft Small Business Financials.5) Which accounting application you prefer most and why?I think all are good though but Microsoft Accounting Professional is best because it offers reliable and fast processing of accounting transactions that saves time and increases proficiency.6) What is the abbreviation for the accounting terms debit and credit?Debit abbreviation is “dr” and credit abbreviation is “cr”.7) How many types of business transactions are there in accounting?There are two types of transactions in accounting i.e. revenue and capital.8)      What is balance sheet?Accouting_Interview_QuestionsIt is a statement that states all the liabilities and assets of the company at certain point.9)      Have you ever heard about TDS, what it is?Yes, TDS abbreviates Tax Deduction at Source.10)      In balance sheet, where do you show TDS?It is shown on the assets section, right after the head current asset.11)      Do you have any idea about Service Tax or Excise?It is a kind of hidden tax that is included in the service provided by the service provider and paid by the service receiver.12)      Do you think there is any difference between inactive and dormant accounts?Yes, both are different terms in accounting. Inactive accounts means that accounts have been closed and will not be used in future as well. While, dormant accounts are those that are not functional today but may be used in future.13)      What is tally accounting?It is the software used for accounting in small business and shops for managing routine accounting transactions.14)      How can you define departmental accounting?It is a type of accounting in which separate account is created for departments. It is managed separately as well as shown independently in the balance sheet.15)   Define fictitious assets?These are the assets that cannot be shown or touch. Fictitious assets can only be felt such as good will, rights etc.16)   By saying, perpetual or periodic inventory system; what do we mean?In the first one i.e. the perpetual inventory system, the accounts are adjusted on continual basis. In the periodic inventory system, the accounts are adjusted periodically.17)   In accounting, how do you define premises?Premises refer to fixed assets that are shown in the balance sheet.18)   In accounting, VAT abbreviates what?VAT means Value Added Tax.19)   Do you possess any knowledge about accounting standards?Yes, as per my knowledge there are total 33 accounting standards published so far by ICAI. The purpose of these standards is to implement same policies and practices in any country.20)   What is ICAI?It is the abbreviation of Institute of Chartered Accountants in India.21)   How can you explain the basic accounting equation?We know that accounting is all about assets, liabilities and capital. Therefore, the accounting equation is:Assets = Liabilities + Owners Equity.22)   Define Executive accounting?It is a type of accounting that is specifically designed for the business that offers services to users.23)   Define Public accounting?Public accounting offers audits and CPAs to review company financial records to ensure accountability. It is for general public.24)   What is a CPA?CPA stands for Certified Public Accountant. To become a CPA, one should have to do many other qualifications as well. It is a qualification with 150 hour requirement; it means that one should complete 150 credit hours at any accredited university.25)   What do you think is bank reconciliation statement?A reconciliation statement is prepared when the passbook balance differs from the cashbook balance.26)   Differentiate Public and Private Accounting?Public accounting is a type of accounting that is done by one company for another company. Private accounting is done for your own company.27)   What is project implementation?Project implementation involves six steps in total such as:Identify NeedGenerate and Screen IdeasConduct Feasible StudyDevelop the ProjectImplement the ProjectControl the Project28)   Do you think Accounting Standards are mandatory and why?Yes, I do believe that accounting standards play a very important role to prepare good quality and accurate financial reports. It ensures reliability and relevance in financial reports.29)   Can you name different branches of accounting?There are three branches of accounting named as “Financial Accounting”, “Management Accounting” and “Cost Accounting”.30)   Differentiate Accounting and Auditing?Accounting is all about recording daily business activities while auditing is the checking that whether all these events have been noted down correctly or not.31)   Define dual aspect term in accounting?As the name implies, the dual aspect concept states that every transaction has two sides. For example, when you buy something, you give the cash and get the thing. Similarly, when you sale something, you lose the thing and gets the money. So this getting and losing is basically two aspects of every transaction.32)   What do we mean by purchase return in accounting?It is the term introduced in the records for every defective or unsatisfactory good returned back to its supplier.33)   Define the term material facts in accounting?Material facts are the bills or any document that becomes the base of every account book. It means that all those documents, on which account book is prepared, are called material facts.34)   Have you ever prepared MIS reports and what are these?Yes, I have prepared few MIS reports during my previous jobs. MIS reports are created to identify the efficiency of any department of a company.35)   Define company’s payable cycle?It is the time required by the company to pay all its account payables.36)   Define retail banking?It is a type of banking that involves a retail client. These clients are the normal people and not any organizational customers.37)   How much mathematics knowledge is necessary or required in accounting?Not much knowledge but basic mathematical background is required in accounting for operations like addition, subtraction, multiplication and division.38)   Define bills receivable?All types of exchange bills, bonds and other securities owned by a merchant that is payable to him are said as bills receivable.39)   Define depreciation and its types?By depreciation we mean that a value of an asset is decreasing as it is in use. It has two types such as “Straight Line Method” and “Written Down Value Method”.40)   Differentiate between consignor and consignee?Consigner is the owner of the goods or you can say he is the person who delivers the goods to the consignee. The consignee is the person who receives the goods.41)   Define balancing in accounting?Balancing means to equate both sides of the T-account i.e. the debit and credit sides of a T-account must be equal/balanced.42)   How much statistics knowledge is necessary or required in accounting?You must be very good at statistics if you want to do well in accounting. Otherwise, with minimum knowledge you cannot manage your day to day transactions effectively in accounting.43)   Define Scrap value in accounting?It is the residual value of an asset. The residual value is the value that any asset holds after its estimated life time.44)   Define Marginal Cost?Suppose you have to produce an additional unit of output. The estimated cost of additional inputs to produce that output is actually the marginal cost.45)   Define Partitioning in accounting?It is a kind of groups made on the basis of same responses by a system.46)   Differentiate between provision and reserve?Provisions are the liabilities or the anticipated items such as depreciation. You can say provisions are expenses. Reserves are the profits of any company and a part of that profit is placed back to the business to keep it sustainable in tough times of a company.47)   Define Offset accounting?Offset accounting is one that decreases the net amount of another account to create a net balance.48)   Define overhead in terms of accounting?It is the indirect expenditure of a company such as salaries, rent dues etc.49)   Define trade bills?We know that all types of transactions need to be documented. The trade bills are the documents, generated against each transaction.50)   Define fair value accounting?As per fair value accounting, a company has to show the value of all of its assets in terms of price on balance sheet on which that asset can be sold.

Single sign-on (SSO) providers have been very successful over the last decade. The ability to manage and secure access to web applications has been top of mind for IT organizations since the mid-2000’s, and SSO providers have been able to help.The trouble is that SSO providers are not fully-fledged identity providers. Instead, they tend to layer their solutions on top of on-prem identity management platforms like Microsoft® Active Directory® (AD).This is far from the most elegant solution. Further, modern organizations seek to eliminate the majority of on-prem identity management infrastructure in favor of cloud alternatives.IT admins have started to look for a next generation SSO provider that connects to more than just web apps. The future of SSO authenticate user access to virtually any IT resources (systems, apps, networks, and file servers), with minimal infrastructure on-prem.Let me disclose the best sso solution provider in Australia list for small business, enterprises and mid-size businesses.1 https://www.loginradius.com/LoginRadius SSO solution allows your customers to access any of your web properties, mobile apps, and third-party systems with a single identity. Most large enterprises have dozens of touchpoints under multiple brands, so the need for SSO is even greater.2 https://www.firstfocus.com.auIdentity and Access Management (IAM) lets the right individuals access the right resources, at the right times, for the right reasons.3 https://au.insight.com/Make the move to cloud-based identity management.Identity Management is key when consuming cloud services. At Insight, we are specialists in deploying identity platforms that provide single-sign-on, multifactor authentication and user self-service password reset capabilities.Traditionally, identity information would be maintained inside a single Active Directory structure onsite within an on-premise infrastructure.4 https://www.vmware.com/au/produc...Simply and securely deliver and manage any app on any device with VMware Workspace ONE, an intelligence-driven digital workspace platform. Workspace ONE integrates access control, application management and multi-platform endpoint management and is available as a cloud service or for on-premises deployment.5 https://www.empowerid.com/en/EmpowerID is a Cloud Single Sign-On and Identity Federation platform that supports all of the standard identity protocols – SAML, WS-Trust, WS-Federation, and OAuth. The EmpowerID Federation server functions as an authentication hub. It allows users to sign-in once in any trusted source (Active Directory, Google, Facebook, Windows Live, etc.) to gain access to all participating applications.

This is my personal list, in 2016, this portfolio gained 40%+.Ticker CompanyBNFT Benefitfocus, Inc.BOX Box, Inc.BSFT BroadSoft, Inc.CRM Salesforce.com, Inc.CSOD Cornerstone OnDemand, Inc.HUBS HubSpot, Inc.LOGM LogMeIn, Inc.MDSO Medidata Solutions, Inc.NEWR New Relic, Inc.NOW ServiceNow, Inc.QLYS Qualys, Inc.RNG RingCentral, Inc.RP RealPage, Inc.SHOP Shopify Inc.SPLK Splunk Inc.SPSC SPS Commerce, Inc.TEAM Atlassian Corporation PlcTWOU 2U, Inc.ULTI The Ultimate Software Group, Inc.VEEV Veeva Systems Inc.WDAY Workday, Inc.WIX Wix.com Ltd.ZEN Zendesk, Inc.Large software companies like MSFT & ORCL are omitted from this list as this list represents companies who derive 65%+ of their revenue from recurring revenues / monthly fees.

You’ll find the following on the about page of Tai’s website:He is an investor, partner, and advisor to over 20 multi-million dollar businesses.Unfortunately, the names of most of those businesses remain a mystery.Rumors abound that Tai owns real estate and even some nightclubs, but I’ve been unable to verify such claims.All I can say for sure is that becoming an investor in a multi-million dollar business is not a hard thing to do, if you count buying stocks as investing.For example, right now you could buy 1 stock in each of the following companies for less than $500 total:Bank of AmericaCoca-ColaDunkin DonutsFord Motor CompanyNikeRoyal Bank of ScotlandThe New York TimesTwitterUnder ArmourWalmartGiven that, I’m a little suspect of Tai’s claim that he is “an investor, partner, and advisor to over 20 multi-million dollar businesses.”However…According to Tai’s LinkedIn profile, he worked for GE Capital from 2001-2003, and then became a founding partner in a wealth management company called LLG Financial Inc.LLG Financial apparently ended up managing “$100 million for 6,000 clients in 50 states.”That quote comes from Tai at the 11:25 mark of this video:According to LinkedIn, Tai was only involved in LLG Financial until 2007, but it sounds like that’s where he first started generating a sizeable income and building his net worth.Then came the whole dating website fiasco.Tai ran a fleet of dating websites that were especially active from 2010 to 2015.All are now defunct but you can still find scores of complaints about these websites online, like this one:I agree it’s a scam. I got all these hot men (odd since all the other dating sites are UGLY Fuglies. I know I’m not the sexiest woman alive, so suddenly all these hot men are contacting me? I thought, ok give it a shot – paid for it and suddenly they stop writing to me and NONE of them responded! NONE! The ones who are happy on this site are probably the owner and working posing at fake happy people. Buyer beware! [1]It seems this was a common occurrence on Tai’s dating websites: fake matches prompting people to sign up for premium accounts.So yes, it seems clear that Tai’s dating websites scammed a lot of people.They had all been shut down by 2016, however.Nowadays, it’s hard to say what businesses Tai runs exactly.But he likely does earn most of his income from his online courses.My pessimistic estimate for the lifetime value of each person who has bought his 67 Steps course is $30. Given that more than 200,000 people have apparently bought it, that would mean at least $6.4 million in revenue to date.Tai has lots of other courses beyond the 67 Steps though, and the prices range from $10 to $3,988.I’ve estimated that if each day he was to make just 1 sale of each of the 16 courses he currently has on sale, he’d earn approximately $3.5 million per year.More likely his courses earn even more than that.Here are a few other ways Tai earns money aside from his courses.MentorBoxThis is a subscription-based business that sells books and e-learning materials. Tai owns 50%.Based on different earnings reports Tai has shown in his videos, MentorBox would appear to be generating revenues of between $17,000 and $65,000 per day, which works out to between $6.2 million and $23.7 million per year.No information is available on company profits.But assuming there is a healthy profit and it’s split 50/50 between the owners, we can assume that Tai is earning a few million dollars from this business each year.Sleep GlassesTai has shown in a video on his YouTube channel that he has an e-commerce store selling sleep glasses that apparently earned $17,850 in a month.Podcast SponsorsSince June 2018, Tai has been promoting sponsors on the podcast, usually telling listeners to go to a special URL on the sponsor’s website to receive a bonus offer or discount.Here are a few of the sponsors he has promoted on the podcast:ZipRecruiter – hiringNetSuite – business management servicesSquareSpace – website builderSkillshare – e-learning platformTalkSpace – online therapyForHims – hair careLightStream – loan serviceStockX – buy and sell clothing, accessoriesSome sponsors likely pay a flat fee for each promo spot.Tai claims on his website that his podcast “gets around 800,000 downloads per month.”Averaging approximately 8 episodes per month, that works out to 100,000 downloads per episode.According to this calculator, at those numbers, 2 mid-roll ad spots (which is what Tai usually has) would generate an income of $225,000 to $375,000 per year.However, not every sponsor pays per promo spot. Some of Tai’s podcast sponsors likely pay him a commission for each customer he refers (i.e. affiliate marketing).LightStream, for example, pays a $60 commission on every funded loan, while TalkSpace pays a $20 commission for each referral.So if 20,000 people listen to an episode of Tai’s podcast, and 100 of them end up getting loans on LightStream via a promo link mentioned on there, Tai would receive $6,000.But it’s difficult to estimate how much money Tai is earning via his podcast sponsorships overall.My best guess here is between $200,000 and $400,000 per year.Coaching and ConsultingIn an October 2017 podcast with a former client, Tai said that the client had paid him $25,000 for a year of coaching in 2013.Meanwhile, on a sales page for Tai’s Private VIP Mentor Coaching System, he writes:the coaching and consulting I do now is also simply too expensive for most people. I charge up to $1 million a year for one-on-one consulting and my average fee is $50,000-$100,000.I haven’t been able to determine how many people (if any) are currently paying those prices for Tai’s coaching and consulting services.…Hopefully that gives you some insight into how Tai has and currently does generate income aside from via his courses.Please upvote this answer if you found it helpful.I’d love to cite all my sources above but the Quora mods have a habit of deleting my posts when I do that (sigh), so I’ll just link to one blog post on my own site that has more info about Tai and his businesses:Tai Lopez Net Worth + 7 Ways Tai Lopez Makes Money OnlineFootnotes[1] Elite Meeting/Meeting Millionaires

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Probably because Wikipedia requires sources for personal pages and it’s hard to document the history of Tai Lopez.Source: The Truth About Tai Lopez, The Lamborghini, Mansions, and Alleged Business SuccessIntroductionI still remember when Tai Lopez’s advertising blitz began on YouTube. I personally thought it was brilliant. I assumed — here is some guy who has maybe $100k of his own money (or possibly just that amount from an investor) and is stretching it to the absolute limit to make himself seem successful. Lamborghinis, mansions, and Instagram models. It was peak “fake it ’til you make it.” Although his videos seem like a fairly obvious strategy today, several years ago, when Tai made a splash on YouTube, it was actually quite unique.Background Research ObjectivesFast forward several years, I’m performing client due diligence, competitive intelligence, and opposition research for various lobbying and strategic communications firms, through my company, Black Edge Consulting. Tai Lopez (much to my surprise) is still saturating YouTube with his ads. And that’s fine. I’m not one to knock a fellow entrepreneur.But Tai had branched out from his generic “67 steps” to social media marketing. And now, according to a connection that I made through The Cryptocurrency Alliance, he was pitching his marketing know-how to a number of wealthy investors, looking to create their own ICO.Cryptocurrency was already beleaguered by a number of scams and failed tokens. And the people Tai was approaching with these ideas, had enough money to shift the volatile and largely opaque market in which various cryptocurrencies were traded.So while my gut instinct told me this was another iteration of an ongoing “scam” by a self-professed guru, I realized I hadn’t really looked at Tai Lopez, or many of his early claims closely. This realization prompted me to explore Tai Lopez’s background and look into the various claims he has made. The following is brief excerpt from a more detailed report we compiled on Tai Lopez as part of our due diligence.Tai Lopez Biography (according to Tai Lopez)IntroductionThis is the story of Tai Lopez, based on his videos, websites, and promotional material. What I think of as The Allegory of Tai. The Tai Lopez biography in his own words:“Life has too many hard decisions — what career to choose, what religion to believe, who to marry, where to live, what politics to follow… What if I make a mistake? Wouldn’t it be easier if I could just find one person who could give me all the answers?”-Tai LopezAccording to Tai Lopez, it all started at age 16. Tai realized that life was too complex to figure out on his own, so he wrote a letter to the wisest person he knew, his grandfather — a scientist — and asked for the answers to life’s hard questions.Tai was disappointed with his grandfather’s reply. There was no “secret formula.” The letter simply said, “Tai, the modern world is too complicated. You’ll never find all the answers from just one person. If you’re lucky, you’ll find a handful of people throughout your life who will point the way.”But one week later his grandfather sent a package containing an old, dusty set of eleven books with a note, “Start by reading these.” That began Tai’s habit of reading on his search for what he calls the “Good Life”: the balance of the four major pillars of life — health, wealth, love, and happiness.Over the years, Tai sought out the secrets to that “Good Life” by setting up his life as a series of experiments. He began by first reading thousands of books from the most impactful figures in history Freud, Aristotle, Gandhi, Charlie Munger, Sam Walton, Descartes, Darwin, Confucius, and countless others.He spent two-and-a-half years living with the Amish, spent time working at a leper colony in India, and helped Joel Salatin pioneer grass-fed, sustainable agriculture on Polyface Farms.He then joined the long list of entrepreneur college dropouts and ended up completely broke (sleeping on his mom’s couch) until he talked five, multi-millionaire entrepreneurs into mentoring him.Tai went on to become a Certified Financial Planner and worked in the world of finance before becoming a founder, investor, advisor, or mentor to more than 20 multi-million dollar businesses while settling in the Hollywood Hills.He appeared on various TV and radio shows, spoke at top global universities like The London Business School and the University of Southern California, and created one of the top downloaded podcasts and YouTube channels, “The Grand Theory of Everything.”In order to get feedback from an even larger audience, Tai started what is now one of the world’s largest book clubs that signNowes 1.4 million people in 40 countries with his “Book-Of-The-Day” free email newsletter.Tai recently summarized all he has learned from his mentors and compiled them into a series of ‘mentor shortcuts’ he calls, “The 67 Steps.”He also created an alternative to the traditional business school. This “Business Mentorship” program combines the best of self-learning with the best of a University degree without all the downsides of burdensome costs and inefficient methods.Tai Lopez’s LinkedIn BiographyTai Lopez Biography (based on our research)While the last few paragraphs are somewhat accurate, there are many questionable claims that Tai Lopez makes about both how he initially made his money and how he makes it now. We’ll first examine our findings regarding his personal and business biographical claims. Below are some of the facts about Tai Lopez that have kept readers guessing:Tai Lopez’s full/real name is Taino Adrian Lopez.He is 42 years old and was born on April 11, 1976.He was born in California, but grew up in Clayton, NC.He graduated from Sunny Hills High SchoolHe has claimed he dropped out of college, but what college, if any he attended cannot be verifiedHe does appear to have “lived with the Amish” as he touts, although the timeline is unclear. There is no evidence that he lived “in a lepper colony in India” but it is a claim that is difficult to dispute as he only addresses once or twice on camera:“I went to India, worked in a leper colony…” — Tai LopezHe started his career (well, really his total 3 year working career), by selling life insurance. The financial advisory role that he touts is completely unsubstantiated, especially to 20 multi-million dollar businesses. He was clearly an early internet marketer, as evidenced by this archived screenshot of his site:He partnered with some friends to operate various dating sites. Not many of the dating sites are still active, but they appear to be his initial source of money. It’s hard to judge whether the dating sites were all “scams” as many reviewers/users described. I think there is ample evidence that he (and many other dating sites) used fake profiles to lure members on.Dating and relationships (especially with attractive women), are still a reoccurring theme in his products. His flagship 67 steps still mentions its amazing ability to improve participants’ “health, their minds, their relationships, and their finances.” This is also evidenced by many of the domains he owns. They almost all involve becoming a millionaire, dating women, or gaining access to a “select group of people” or club.He does, in fact, live at the mansion he features in many of videos. But he does not own it.If all of Tai Lopez’s ventures started out as a “scam” or “advertising ponzi scheme” of sorts, it appears to have worked, although, to what extent is debatable. By almost any metric he is definitely making money selling his courses, products, and consulting. It’s also worth noting that although he became (in)famous for his “here in my garage” video, he has pretty much dedicated his life to honing his sales pitch, especially to internet users.Frequently Asked Questions (FAQs) About Tai LopezBelow are a compilation of Frequently Asked Questions about Tai Lopez.Does Tai Lopez actually own the super cars and mansions featured in his videos?MansionsNo — Tai Lopez does not own the mansion depicted in his videos. As many have identified, the house Tai implied was his is at 810 N Rexford Drive Beverly Hills, CA 90220–2909. He does live there (presumably a lease agreement) but the actual owner is Marc Bohbot, or technically, the Bohbot Marc & Michele Trust:Exotic CarsAs Tai later notes in some of the disclosures in his videos, he does not own most (or possibly all) of the exotic cars. A prime example is his famous “Here In My Garage” video:Right off the bat there he tells us:“Just bought this new Lamborghini here.”Another example is a Facebook video from 2016:On other occasions, Tai has shown his garage stocked with as many as six luxury vehicles.But it seems Tai doesn’t actually own those cars. At least, not all of them.Consider the following:At the 14:04 mark of an April 2017 video with h3h3Productions, Tai shows paperwork that states at least one of his cars (a red Ferrari) is leased.California car registrations must show the name of the lessor and the lessee. LSR stands for lessor, LSE for lessee.So Ferrari Services Title Trust is a part of Ferrari. And that’s the lessor. The lessee is Mas Group LLC or Taino Lopez.Mas Group LLC is a domestic Nevada LLC (Entity number E0153382010–4). The owner (“Member”) of the LLC is not publicly listed (not required in NV), but the Manager is TAL Promotions LLC.Here’s a screenshot from another video of Tai driving a black Lamborghini (taken from the 6:02 mark):There is speculation that the white item attached to the key in the ignition is a rental tag.At the 3:55 mark of a May 2016 video on his official YouTube channel, Tai says:“I’ve done all of them. I’ve bought, I’ve leased, I’ve rented cars.”At the 1:30 mark of a January 2018 podcast, internet marketer Neil Patel said the following:“If you talk to Tai and you get to know him, and I’ve been to his home, I’ve seen a lot of the stuff. You know, he’ll talk about cars. He’ll tell you he leases them. It’s not like he’s saying he bought it outright.”Of course, leasing a car is totally fine, and may even be the smart move financially (especially when you can write it off as a business expense, which Tai seems to do).It’s just hard to know which of those exotic cars Tai does lease, and which of them (if any), he actually owns.Is Tai Lopez A Scammer?To answer this it’s important to understand what a scam is. So what is a scam, technically?A dishonest scheme; A fraud.Based on the thousands of negative reviews providing detailed info, I would say that there is certainly evidence of a dishonest scheme. The dating websites, the reoccurring and potentially unauthorized billing for various products, and mixture of unmarked affiliate advertising all rely on dishonesty. But are they a fraud? I think, like many self help gurus, that is debatable.Tai even addresses this question himself on Quora:However, while whether he is a “scam artist” is debatable, the constant use of money, cars, and women (milling around for no apparent reason) all contribute to a “get rich quick” conclusion in many viewers’ minds. The testimonials only further this idea. They all focus on how fast they made large amounts of money, as opposed to the total over a longer period (unless you consider $70k per month in a few months, steady long-term growth). This also allows people to fudge data so that they can say they made $x in a short period of time) and wildly extrapolate that figure over many years:Tai promoting his most recent spring promotional, while inexplicably wandering around a farmA reoccurring theme: “I was tired of being average…”It only took me a few months to make $10,000 but I can’t hold my iPhone steady?Minimum wage to $70,000 per month?!$2,200 discount sounds great, but why was it so expensive to begin with?Only 3 Steps!He claims he promotes a long term approach that does not suggest anyone can get rich quick, but his use of exotic sports cars, mansions, women, and cash beg to differ:Sports Cars/Mansions:Women:Cash:Even all 3:Tai Lopez driving around in a Ferrari, with Ms. Kentucky (for no apparent reason) rambling about philosophy. Note the cash bookmark in the book.As one user wrote:You can chart the scams progress in life by the domains age. Tai came from nothing, defrauded some folks with fake dating sites, and moved on to better scams by joining a syndicate and hitting it big on social media. If he had any other non scam success, he would call it out by name, as other successful people do, and enjoy the free publicity. And he’d have other domains in his name with age. And he’d have other corporate filings in his name with age. And he’d have testimonials from the past and photos from the past, and promotions from the past. Sadly, because he is a scam artist, what he has is a very well invented present…While I would stop short of agreeing on labeling him a “scam artist” the commenters raises an important point:If he had any other non scam success, he would call it out by name, as other successful people do, and enjoy the free publicity.So if he is not making money from successful multi-million dollar businesses, independent of his fleet of self-help products, how is he bringing in the revenue to support what must be an insane advertising spend?How Does Tai Lopez Make Money?A screenshot of a video posted on IG where Tai notes this is one of many accounts he hasNiall Doherty does an excellent job covering many of the way Tai Lopez actually makes money:Tai Lopez Scam? We Fact-Checked 37+ Tai Lopez Claims - Here's What We FoundHidden Bonus Once per week, we email 3,400+ legendary subscribers with some good stuff related to online business…www.ndoherty.comHe includes all of the following as ways Tai Lopez makes money:1. Dating websitesBest we can determine, this was how Tai first started earning signNow sums of money online.He ran a fleet of dating websites that were especially active from 2010 to 2015.All of the sites appear to be offline now, but here are a few we’ve been able to link to Tai:http://eliteglobaldating.comhttp://modelmeet.comparentsmeetonline.comelitemeet.comjustmillionaires.commeetingmillionaires.comhttp://millionairemagnetsystem.comhttp://elitefling.comhttp://modelpromoter.comIt’s unknown how much money Tai’s fleet of dating sites earned, though zoominfo.com listed their revenue as $2.8 million with a staff of 14.2. Online coursesTai sells a bunch of online courses, primarily related to self-help and entrepreneurship.Best we can tell, he launched his first course — The 67 Steps; read our review here — in 2014.According to a sales page for the course, more than 215,000 people have signed up so far.There are several price points for The 67 Steps and also several upsells, including a VIP program with a monthly fee.Our pessimistic estimate for the lifetime value of each person who has bought the course is $30, 37 which would mean at least $6.4 million in revenue to date.Some of Tai’s other online courses include:Social Media Marketing Agency (reviewed here)Accelerator ProgramMentor ProgramEcomm AgencyHome Sharing Management Company ProgramE-Commerce BlueprintCredit Mentor ProgramReal Estate Mentor Program5 Minute Mentor ProgramMini MBA AcademyHow I Make Money Online ProgramBitcoin Crypto MastermindKnowledge SocietyAmazon Sales BlueprintSales Mastery Black BeltWe’ve seen the prices of those courses range from $10 to $3,988, and Tai seems to be constantly offering discounts on one or more.Which makes it hard to estimate how much he’s earning from courses overall.From the prices we’ve seen, however, if each day he was to make just 1 sale of each of the 16 courses listed above, he’d earn approximately…$37 + $97 + $3988 + $497 + $49 + $99 + $69 + $49 + $49 + $10 + $1,297 + $697 + $697 + $10 + $19 + $1,997 = $9,661/dayOr approximately $3.5 million per year.Expenses would have to be subtracted from that.And since many of Tai’s courses are created and taught by multiple instructors, it’s likely that he only ends up keeping a fraction of the revenue.That said, at the 2:05 mark of the following video, Tai claims that he and his business partner have spent more than $500 million on advertising over the years.Presumably, they’re getting a decent ROI on that ad spend or they wouldn’t have spent so much.Given all that, it’s a safe assumption that revenue from selling online courses is Tai’s biggest source of income.3. MentorBoxMentorBox is a company that Tai co-owns with Alex Mehr.Customers pay a monthly fee and are sent a new book each month to “improve your financial and social life.” In addition, they get access to exclusive video courses, audio lessons, workbooks, and cheat sheets via the MentorBox website.Tai has tweeted that the company has done a deal with WalMart:Tai mentioned MentorBox several times in an August 2017 live stream on YouTube:Some claims made by Tai in that video:16:20 — Says he launched MentorBox “seven months ago” (i.e. January, 2017)16:26 — Says he owns 50% of the company.16:49 — “We are now in 100 countries shipping books”16:58 — “We have the Netflix of books. It now makes $50,000 a day.”17:14 — “I spend one hour a month on this business”27:03 — “I invested $100,000 into it seven months ago.”Tai reports lower earnings for MentorBox in a March 2018 video on YouTube, showing on screen that MentorBox had earned $17,384 that day and “$715,000 in the last month.”Tai’s claims differ again in this webinar with Alex Mehr, which was most likely also filmed in 2018 38.At the 43:45 mark of the webinar, Tai claims that MentorBox is “doing” $1.5 million per month, and later (at the 58:00 mark) reads from his phone that the company earned $65,000 in a recent 24-hour period.Given all that, MentorBox would appear to be generating revenues of between $17,000 and $65,000 per day, which works out to between $6.2 million and $23.7 million per year.No information is available on company profits.But assuming there is a healthy profit and it’s split 50/50 between the owners, we can assume that Tai is earning a few million dollars from this business each year.4. Sleep glassesIn the same video mentioned earlier, Tai shows a screenshot from an e-commerce store that has apparently earned $17,850 in a month.Tai says beforehand in the video that the store sells “sleep glasses.”At the 2:24 mark he claims that the same business sells $3,000 to 4,000 per day via Amazon, “so about $5,000 a day” total.Most likely, this business is a partnership with James Swanwick of Swanwick Sleep.Tai mentioned within the first two minutes of an October 2017 podcast that he and James had become business partners, and a testimonial from Tai appears on the Swanwick Sleep website.As per that linked podcast episode, Swanwick Sleep was on pace to earn $2 million in revenue in 2017.However, the numbers Tai showed in the above YouTube video fall far short of $2 million per year, and once again it’s not clear how much of that is profit and how the profits are divided between partners.5. Podcast sponsorsTai has been publishing “The Tai Lopez Show” podcast since 2014, putting out an average of 100+ episodes a year.Since June 2018, Tai has been promoting sponsors on the podcast, usually telling listeners to go to a special URL on the sponsor’s website to receive a bonus offer or discount.Here are a few of the sponsors he has promoted on the podcast:ZipRecruiter — hiringNetSuite — business management servicesSquareSpace — website builderSkillshare — elearning platformTalkSpace — online therapyForHims — hair careLightStream — loan serviceStockX — buy and sell clothing, accessoriesSome sponsors likely pay a flat fee for each promo spot.Tai claims on his website that his podcast “gets around 800,000 downloads per month.” 41 Averaging approximately 8 episodes per month, that works out to 100,000 downloads per episode.According to this calculator, at those numbers, 2 mid-roll ad spots (which is what Tai usually has) would generate an income of $225,000 to $375,000 per year.However, not every sponsor pays per promo spot. Some of Tai’s podcast sponsors likely pay him a commission for each customer he refers (i.e. affiliate marketing).LightStream, for example, pays a $60 commission on every funded loan, while TalkSpace pays a $20 commission for each referral. 42So if 20,000 people listen to an episode of Tai’s podcast, and 100 of them end up getting loans on LightStream via a promo link mentioned on there, Tai would receive $6,000.But it’s difficult to estimate how much money Tai is earning via his podcast sponsorships overall.Our best guess here is between $200,000 and $400,000 per year.6. Affiliate marketingAs just described, Tai earns money as an affiliate for several businesses he promotes on his podcast.He’s also known to use affiliate links when recommending books.For example, this link in a message to his mailing list is an Amazon affiliate link:Amazon affiliate commissions are small for books, however: only 4% for digital and 4.5% for physical. 43Which means that for every $1000 of book sales Tai generates on Amazon, he only receives $40–45 in commission.That said, any time someone arrives on the Amazon website via Tai’s affiliate link, Tai receives a commission on anything that visitor buys there within 24 hours, and commission rates in some departments on Amazon run as high as 10%.Still, we doubt this is a big earner for Tai.He also seems to pass up the opportunity to affiliate link to the many third-party products and services we’ve seen him recommending within his premium courses (see our reviews here and here).7. Coaching and consultingTai has a website at Millionaire Life Coach which funnels people to a sales page written in 2014.Tai’s coaching fee as listed on that page is $9,750 a month.In an October 2017 podcast with a former client, Tai said that the client had paid him $25,000 for a year of coaching in 2013. 44Meanwhile, on a sales page for Tai’s Private VIP Mentor Coaching System, he writes:the coaching and consulting I do now is also simply too expensive for most people. I charge up to $1 million a year for one-on-one consulting and my average fee is $50,000-$100,000.We haven’t been able to determine how many people (if any) are currently paying those prices for Tai’s coaching and consulting services.The only other main sources I would add are social media management and affiliate marketing of his own products. As he suggests in the screenshot from Quora below, his team likely does manage some decent sized social media marketing contracts.His affiliate program is backed by ClickBank, and has a 75% payout which is extremely high. So effectively, Tai is outsourcing the promotion of his courses to random people, who have a strong incentive to endorse the program, generate affiliate sales, and earn themselves a commision.Who is Maya BurkenroadMaya Burkenroad, 32, is Tai Lopez’s cousin. They share the same grandmother, Marianne Bunkenroad, age 101, and featured in some of Tai’s videos.What is Tai Lopez’s Net Worth?Again, deferring to Niall Doherty:A reasonable estimate for Tai’s annual income can be found in a post by Phil Lord on Quora:My personal estimate is he makes around $18M per year. He claimed a number of times that he makes $100k per day, which is around $36M per year, but he’s known to conflate his gross and net income. I would estimate that at least half of that goes to his ad cost.Tai, however, claims to be earning much more than $18 million per year.At the 43:30 mark of this webinar — most likely filmed in 2018 24 — he responds to a live question:Someone says “Tai only makes $3–5 million a year.” Is that true? People are always trying to figure out how much money. You can multiply that by a big number. $3–5 million would be bad for me. In fact, if I make $3 million in a month I might have a heart attack.If Tai is to be believed there, he’s earning more like $5 million per month, or $60 million per year.I agree that he constantly conflates gross and net income (another form of deception). But if I had to put a number on his net income (factoring in all the huge ad spending, swarms of lawyers he surrounds himself with, and the “failed” ad campaigns that don’t work), I would estimate he personally makes an average of around $10 million per year over the last 4 years.Why do People Continue to Pay for Tai’s Material/Defending him even Though There are Many Red Flags in his Promotional Material?Although they are very different, I would liken the effect to the subtle brilliance of Nigerian scam letters.According to new book “Think Like A Freak,” a follow-up to the popular “Freakonomics” by Steven D. Levitt and Stephen J. Dubner, the scam’s obviousness is its chief selling point.The book refers to research from Microsoft Research computer scientist Cormac Herley, who looked at Nigerian scams — technically called advance-fee fraud — from the point of view of the scammer. How, he wondered, were scammers who never sent an email free of typos earning enough money for the United States Secret Service to establish its own task force to fight them?In fact, those typos are a key part of the scam.Levitt and Dubner explain the genius behind such an obvious scam in terms of “false positives,” referring to email recipients who engage with the scammers but don’t ultimately pay. signNowing out to scores of potential victims isn’t much work, thanks to the ease of email, but with each reply from a gullible target, the scammers are required to put forth a little more effort.Therefore, it’s in the scammers’ best interest to minimize the number of false positives who cost them effort but never send them cash. By sending an initial email that’s obvious in its shortcomings, the scammers are isolating the most gullible targets. If you trash their email, that’s fine. They don’t want you, someone from whom there’s virtually no chance of receiving any money. They want people who, faced with a ridiculous email, still don’t recognize its illegitimacy.As Herley tells the book’s authors, “Anybody who doesn’t fall off their chair laughing is exactly who they want to talk to.”The ridiculous get rich claims, models, piles of cash, exotic cars, and low-quality video testimonials, are the equivalent of the typos in the Nigerian scam letters — a tactic used to isolate vulnerable targets efficiently.