earning money in my lot is type of business?

India
January 18, 2013 9:08pm CST
I am mostly participating my lot discussions, tasks, messages etc. Whatever the money i have earned here is called as business profit? I never invested anything here. what do you think is it business?
1 person likes this
7 responses
• United States
20 Jan 13
Nope, no business profit here. This is all stuff you're doing here in your personal time.
2 people like this
@grkelly (1216)
• Malta
19 Jan 13
Mylot is in no way a type of business! It is like a network where you should focus on making friends, participate and learn about practically any subjectin the world. What you earn is over and above here.
2 people like this
@owlwings (39226)
• Cambridge, England
19 Jan 13
If you are busy doing something then that, by definition, is 'business'. However, in the sense that I think you mean it - "an activity which earns one a significant income" - MyLot should be thought of as a hobby with the added bonus that one can earn a little from it. Of course, how you choose to consider your earnings is none of my business but you should be aware that, in most countries, ALL earnings are potentially taxable and should be declared to the authorities. (Note that, in English, there are at least THREE distinct meanings for the word 'business' and two ways of pronouncing it: 'biz-ness' and 'biz-i-ness', when you mean 'the act of being busy'. I am, of course, aware of which meaning you intended but I have given examples of the use of all three, just for your edification!)
2 people like this
@edvc77 (2143)
• Philippines
19 Jan 13
I don't really think it is a type of business profit. We participate in discussions and have our opinions and advices. We also post discussions. In that way we earn. We do some effort here and enjoying it at the same time. Sometimes it helps too when we have problems to discuss. It's a good place for earning and having enjoyment.
2 people like this
@rosekiss (30273)
• Eugene, Oregon
20 Jan 13
Mylot, is no way a business, nor is it considered work, as far as I am concerned. This a community where we can make friends, learn, and earn in the process. I call mylot just plain fun.. I don't come in here just for the money, as it isn't all that much anyway. I do have fun, and I have fritends, and have earned from them too. Take care.
1 person likes this
• Philippines
1 Feb 13
It depends. If you view it in taxation point of view, yes this is business since you are generating money in return for the services (posts, tasks) that you render. If you view mylot as a past time activity, then cash you received from here are not income nor revenue but are merely rewards.
• Philippines
20 Jan 13
Depends on how you define business. The things you do here in mylot make you some money and it is all to you if you consider it business or not. For me it's more of a mini job wherein you earn for doing simple tasks but some people may look at it at something that generates money while they do simple things and for them it can be some kind of business. A sole proprietary maybe since there's only one owner and that's the owner of the mylot account.