Going Corporate… Again

summary :

Response Commodities grew to a point of being self-operating, freeing up my time to start new businesses that I’ve been working on behind the scenes for a bit now. It finally became time to ‘go corporate’, so I formed the umbrella corporation xCell Fund & started developing corporate sites. xCell Fund holds six businesses that do affiliate marketing, web development, outsourcing, factoring, cryptocurrency trading, and angel investment. Additionally, I’m starting a nonprofit organization to memorialize my brothers passing. The websites for all of these companies are slated to be released within the next 3-4 weeks. [close summary]

Summary Over the past year or so I’ve stayed pretty low key and have had no necessity to actually build out corporate sites for businesses that I’m operating. Additionally, the entire process was complicated by a series of legal battles[info] – but thankfully, slowly but surely, everything is passing and I’ve emerged from the other side.

Most of you already know, before closing Eagle Web Assets I started Response Commodities[profile], an import / export company and that’s where I spent most my time after the shutdown. The business has grown dramatically and in 2014 we expanded into ecommerice sales, complimenting the already successful wholesale side. Like I do with all my companies, I get them started by myself and then quickly hire employees to manage duties & tasks. Now, most of Response Commodities’s day-to-day operations are handled (ordering, shipping, logistics, etc). The company is essentially running itself now, I primarily manage the float[define] & oversee employees. To say the least, it’s a slow flow and mainly a waiting game at this point in time : buying inventory from overseas, selling inventory domestically and internationally, and waiting for bulk shipments takes time and cashflow to build up. Because the business is low maintenance, I’ve had free time to start additional businesses. Let’s go over what I’ve been doing…

xCell Fund

xCell FundThis business will be acting both as an parent corporation[define] for my entities and an angel investment firm[define] that works with new entrepreneurs. This is basically the centralized parent company on top overseeing all the operations, employee functions, hiring, business updates, and other corporate related tasked. There are currently six of my public businesses and five private investments that it holds. I’ve been investing into others since 2010, but this time around I’m not restricting my investments to internet related companies. I actually plan to advertise this company on various entrepreneur communities, blogs, and websites to get the exposure and find new potential investments. Diversification has always been key in keeping me afloat – if I had stuck with any of the businesses that I was in since starting, I’d be living in my Mom’s basement now. The website began development on April 3rd and should be released within the next couple weeks.

Sidago Integrated Solutions

SidagoSidago is a full service outsourcing consultation business that provides a wide array of consolidated and organized services ranging from small tasks like copywriting to a large-business focus on outsourcing[DEFINE] employees and workflow improvement for businesses. My main goal would be to approach companies and be able to cut their bottom line down drastically by outsourcing divisions of their business affordably. I actually had this business planned this business originally on November 7th, 2012 but after all the craziness I’ve been through I’ve never had a chance to get it off it’s feet. The planning process for this company began on April 14th, 2014 and is slated for released within a month.

ECC Investments

ECC InvestmentsAfter taking an interest in the cryptocurrency[define] game, I decided to get my hands dirty and start investing into alt currencies myself. It’s funny, when I first started trying to buy my first Bitcoin[define] I asked all the people that supposedly invested themselves and nobody could give me a straight answer on how to buy a single damn Bitcoin! I eventually ended up connecting with a long-time friend of mine that actually talked the walk and he patiently explained to me the process. On January 22nd of this year I purchased my first coin, entering me into the league of neck-bearded nerds. This set me off to the races and I began buying and actively trading all different types of currencies, hitting my first huge success with Dogecoin. The trading industry is fast-paced and never sleeping so I can work on trades any time of the day. The planning process for ECC Investments website, began on March 31st and was announced publicly for the first time on April 3rd. The site is expected to be released within the next three weeks.

Xinda Global Financial Services

Xinda GlobalXindaGlobal is a financial company offering factoring services[define] including : media funding, merchant account financing, invoice buying, factoring, rolling credit lines, expansion capital and general financing. I first came up with the idea to turn this into a business all the way back in November, 2012 – but there was too much turmoil going on with my current businesses to get it off the ground. Over the past couple months I’ve been buying receivables and charging a premium for it – so I figured I might as well turn it into a business to offer my services to more people. As much as I hate float, factoring, and extending credit – I always seem to go back right in the mess. You can’t teach an old dog new tricks, what can I say? I decided to finally take the jump and make it into a real business on March 6th, the website should be released within the next couple weeks.

ionBuzz Media Group

ionBuzz Media GroupEven though I pledged to stay away from the affiliate game, I just couldn’t resist the urge to get back into it. After being immersed on the network side for so many years I decided to get back to basics with straight-up affiliate marketing. In May of 2013, I restarted my internal media buying operations – focusing niches I’ve had little experience in. I started off with two foreign components – SEM & PayPerCall. To say the least it was a refreshing change to try new things, I love the challenge of not knowing what the hell I’m doing. It’s amazing how logical and predictable Google can be – it’s clear why they are the leaders over other popular traffic sources like Facebook, Exoclick, EngageBDR, ad infinitum. The business grew, I hired media buyers and specialists, and branched into several different traffic sources (including those complained about above). The sites development began on April 9th and should be released within a couple weeks.

99Limes Web Development

99LimesOnce upon a time I started a company called EWA Web Design and absolutely hated the experience. I hated dealing with clients, I hated how many changes people wanted, I hated mockups. So what do I do? I start another company doing the same thing,! I’m not the quickest learner, am I? Since starting that first design company I’ve progressed a lot as a businessman, changing from being a one-man-shop to a boss that employs people to do my dirty work. I’m going to take the lessons learned from the past design company, the project management skills I’ve learned over the past couple years, and finally my ever increasing good looks to take this business to the next level. Additionally, I’m going to focus on the web and software programming tasks rather than design tasks, due to the higher margins. On March 7th I began development of the website and we should be ready to launch by mid-next month.

The Kyle Eagle Foundation

Kyle Eagle FoundationAfter reconnecting with Kyle’s old business partner I was able to retrieve the domain KyleEagle.com. On March 5th, I published a temporary placeholder site memorializing my brother with the eulogy I said during his funeral. After releasing the quickly designed site, I decided we should do something more to keep his memory going and began the process of forming a 501(c)(3) Nonprofit Organization. To be totally honest, we’re not entirely sure what we’re going to give towards – we have a choice between either animals, nature, or continuing the old EWA Kids Nonprofit under his name. My family is working together with Jennifer Barker, his ex-fiance, to figure out the right path to take. Since launching the site, I’ve worked with my mother, father, and his ex-fiance to create eulogies along with a biography to permanent his place online. Creating this is website and charity helping me deal with pain and grief.