Category: Business (Page 1 of 4)

5 Powerful Strategies To Begin Growing Your Net Worth

how to grow your net worth
How to grow your wealth

What is net worth? Your net worth is the financial value you have after deducting all your liabilities from your assets. Think of your net worth as the vitality to your personal finances.

An over-simplified example would be:

You have $10,000 in savings but owe $2,000 on your car loan and $5,000 in student loans. Your net worth is then $3,000.

Or, you have $10,000 in savings but just financed a brand new vehicle for $35,000 so your net worth is -$25,000. In this scenario you owe instead of own.

Building your net worth can be a challenging yet fun experience during your financial growth.

Franknez.com - the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

So, what are some strategies I can use to grow my net worth?

I’m going to walk you through 5 ways I’m personally growing my own net worth. Anyone can use these very simple strategies to have money multiplying for them.

1. Open a high-yielding savings account

What better way to grow your net worth passively than by having a bank consistently pay you a percentage per month for holding your money.

This is exactly what high-yield savings and money market accounts do. I’ve personally seen accounts generating $20 per month in passive income to a little over $200 per month.

This type of account is a better alternative to your traditional savings account from Wells Fargo or Bank of America.

How does this work?

One thing you have to understand is that banks are always moving money. They are always investing money which is why they’re so powerful.

The instance you deposit any money into your bank account, they’re already investing it. Huge commercial banks like Wells Fargo and Bank of America will typically only pay you a penny per year for banking with them.

Ever notice that $0.01 or $0.02 randomly deposited into your savings account? Yup, that’s what you earned for banking with them.

High yielding savings accounts simply pay you a higher percentage for banking with them.

How safe are these bank accounts?

Most of these banks are FDIC insured and can insure up to $250,000. Just like Chase, Bank of America, and Wells Fargo.

What banks offer high-yield savings accounts?

It is important to note that APY rates do change depending on the circumstances of our economy. They were higher previously to the pandemic and have gone down during the pandemic.

This is completely normal though and should not stop you from generating passive income to increase your net worth.

Here’s are two banks that offer high-yielding savings and money market accounts:

*Rates are applicable to change

Now, although these aren’t very high at the moment, you certainly get a better APY than with a traditional account.

Before the pandemic, my high yield savings account had an APY of 2.05%. I didn’t include BMO Harris on the list because the account now earns less than the others on the list above.

There are more banks I didn’t include simply because they’re around 0.20% and I want to provide you with the highest return possible at the moment.

How can I get the best out of my high-yield savings account?

  1. Use it for your emergency fund and watch it grow
  2. Deposit money every month to accumulate compound interest
  3. Don’t withdraw unless it’s for an absolute emergency

A high yield savings account is not going to make you rich. I personally think the best way to utilize this account is by putting money in it you don’t intend on using unless it’s for a priority emergency.

This strategy allows your emergency fund to grow a little passively without collecting dust in a traditional bank account.

Can I withdraw money from a high-yield savings account?

Yes. However, this is usually done through an ACH transfer which can take up to 3 days to see the balance reflect in your personal bank account.

For this reason I suggest funding both your high yield savings account as well as you personal savings account. Always have liquid funds available.

Your personal savings account should have enough money to take care of something quick and unexpected. Dave Ramsey recommends $1,000 if you’re still paying off debt in efforts to continue paying off debt. I prefer more, but everyone’s situation will vary.

Now that you have your money bringing back more dollars every month, I’m going to discuss a little more about purchasing assets to further grow your net worth.

2. Purchase stocks

Purchasing stocks has never been easier with all the online platforms now available to you. The stock marketing on average provides a 8% return during a period of 10 years.

To put things into perspective, I earned a whopping 40% return of investment my first year investing in the stock market.

What are stocks?

Stocks are assets in companies you can invest in through the purchase of shares. Shares are fractions of a business that you can own through the purchase of said stocks.

For example: If you wanted to invest in Apple, you would invest in the (AAPL) stock and purchase ten, fifty, or one hundred shares of the company.

What are the risks of stock investments?

Most people instantly think risk when they hear the words ‘stock market’. The truth is the only risk is not taking the risk. In my honest opinion, not investing and having your hard earned money collect dust is the real risk.

Your mindset needs to change so you think ‘abundance’ when you think of the stock market.

Warren Buffett transfer of wealth quote

“The stock market is a device for transferring money from the impatient to the patient.”

Warren Buffett

(Scenario)

What scares most early investors is when they see their first investments take a dive. They spend $50 on a share and a week later it’s worth $44, then they sell the share and lose $6. This is the game plan you want to avoid. Stock investment for the most part should be a long term play.

In this scenario, the strategic thing to do would be to purchase a second share at $44 at a discount and hold it until their worth increases over time. By the time the share is worth $55 your first share would have gained a return of $5 and your second share would have gained a return of $11.

This ladies and gentlemen is how a total investment of $99 can earn you $16 without having to work and give your time to someone else for it. By purchasing assets, you’re able to further grow your net worth.

I recommend you only invest in companies you believe are great companies and have room for plenty of potential growth. These are the companies that are always striving to get better. And when they do, your investments will grow alongside with that company.

How can I invest in the stock market?

You can invest in the stock market through online platforms such as Vanguard, Fidelity, E*Trade, Ameritrade, and Merrill.

Once you create an account with one of these platforms you’ll be able to connect your bank and begin funding your brokerage account so you can purchase stocks.

Bookmark: How To Invest In The Stock Market (Step by Step) For Beginners

3. Diversify your income

Most wealth builders have increased their net worth by diversifying their income. Multiple streams of income is what has allowed the wealthy to stay highly successful.

Having more than one stream of income allows you to pivot should one stream lose momentum. During the pandemic millions of people lost their only source of income. Those with multiple streams of income were able to pivot and thrive.

However, when all your streams of income are doing extremely well then you will be doing extremely well.

What are some ways I can diversify my income?

This is the fun part because diversifying your income varies from person to person. Ask yourself, what are you good at? What do you enjoy doing?

You may be working a 9-5 but enjoy making music. Distribute your music online and get paid for every stream. Perhaps you really enjoy driving, take on a ride sharing or food delivery service.

You can find several ways to make money using my side hustles tab where I provide my readers with creative ideas to increase their income. One thing I will always recommend is building a scalable online business. This can be a blog, YouTube channel, or other streaming service.

The more income you’re able to generate means the more resource you will have at your disposal to begin growing your net worth.

4. Become debt free

What better way than to liberate all your income sources by becoming debt free.

When you’re debt free you can really tackle savings and investments to grow your net worth. Yes you can have debt and still have a positive net worth; however, by becoming debt free you can maximize your investment capabilities.

Freeing up your income capabilities will provide you with the best investing results. This is primarily because when an opportunity comes, you’ll be ready. You will not lack the means to invest like you mean it.

If you have debt, focus on building a small emergency fund then paying off your debt so you may continue to grow your net worth.

Hacks to avoid getting in debt:

  • In need of a vehicle? Purchase it cash.
  • Learn to generate money without a college degree.
  • Avoid payment options provided by store retailers.
  • Keep your credit card spending limit below 30%.

Debt has a lot to do with our spending habits. If most people cannot manage $1,000 then they won’t be able to mange $10,000 and so forth. Invest in your future self and eliminate debt. You will thank yourself later.

5. Live below your means

This last strategy on the list is very powerful. Very few people have the discipline to stay put as their income level increases.

Living below your means, just like becoming debt free can unlock your savings and investing capabilities.

To live below your means simply means your expenses do not exceed your level of income. In other words, you spend less than you earn.

Keeping your expenses low as you continue to increase your income is a guaranteed way you can grow your net worth even if you don’t invest. This is why this strategy is so powerful.

Example

If you were making $80K a year and got hired somewhere else for $100k a year, keep living the same lifestyle at $80K while you use the additional $20K to build your net worth.

More than often, people will fall into income creep lifestyle where they get a raise and they upgrade just about everything. This is how even high earners have trouble getting off the never-ending cycle of debt and living paycheck to paycheck.

Don’t be average, continue to increase your net worth so that you can look out for your future self and and for your family.

A few last words from Frank Nez

Franknez.com

Growing your net worth takes time, serious dedication, and work. There will be times where you’re doing great, being consistent and something happens where you have to take money out.

It’s normal, it’s life. Do not get discouraged when you face roadblocks that halt your growth. Instead, continue to set goals to grow your net worth and make it happen.

Follow these strategies and you’ll be on the path to long-term financial success.

FAQs on Net Worth

Can net worth go down?

Your net worth can be zero if your assets and liabilities break even. A net worth at zero is much better than having a negative net worth.

Can net worth be zero?

Your net worth can be zero if your assets, and liabilities break even. A net worth at zero is much better than having a negative net worth.

Can net worth be negative?

If your liabilities are greater than your assets then your net worth will be negative. This is most common amongst younger people enrolled in college.

Why is net worth important?

Net worth is important because it reflects the health of your financial situation. Whether you’re negative, break even, or have a positive net worth, it says a lot about how you manage your finances.

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My Top Picks of Stocks to Invest in Right Now

Stocks to invest in today
Stocks to invest in right now
Stocks to invest in this week

I’ve found a fortune! And I want to share it with you. These stocks have allowed me to profit and snowball my investments within as little as a year. I understand stock picking can be quite difficult. Sometimes you just need someone to provide you with a list of stocks that has worked for them. Here are my top picks of stocks to invest in right now.

If you’re new to the investing world and haven’t started, bookmark this post on how to invest in the stock market (step by step) for beginners.

welcome to franknez.com - the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

These stocks have allowed me to diversify my portfolio very well. You’ll get my favorite index fund, favorite ETF, and favorite REIT. Adding these stocks to your arsenal will proof to balance your investing portfolio out a little more.

I’ve been invested in the stock market since 2019 and have noted that these picks have been a strong foundation in my portfolio. Often times when other stocks were down, these were up. Lets dive right into it.

#1. EMR – Emerson Electric Co.

Emerson Electric Co. Stock

Emerson Electric Co. is an American multinational corporation that manufactures electric motors using their own patent. The company became the first to sell electric fans in the U.S and expanded its product line to electric sewing machines, electric dental drills, and power tools. EMR basically produces electric motors for every type of business and necessity you can think of.

Dividend Yield: 2.1%

This is a great stock to invest in because electric motors are always going to be needed. As our society continues to innovate, electric motors will continue to play a very important role.

EMR Emerson Electric Co stock chart

EMR Annual Return

Emerson Electric Co. has an average annual return of 9%. They are also involved in all sort of industries including automotive, life sciences & medical, water & waste, industrial energy, marine, and food & beverage just to name a few. Innovation? They’re currently involved in several stem projects too.

#2. GPC – Genuine Parts Co.

GPC Stock Genuine Parts Company Napa Stock

Genuine Parts Company is an American service organization that distributes automotive replacement parts, industrial replacement parts, office products and electrical goods. Parts are sold under the NAPA brand in North America.

Dividend Yield: 3%

GPC is great because cars aren’t going anywhere anytime soon. As cars evolve, this auto parts company will continue to manufacture and distribute parts.

GPC Genuine Parts Co. Nappa Auto Parts Stock Graph

GPC Annual Return

Genuine Parts Co. stock has seen an annual return ranging from 7% to 15%. GPC has more than 10,000 locations in 14 countries and employs approximately 50,000 people. 75% of GPC’s sales come from North America, 15% from Europe, and 10% from Australia.

#3. VNQ – Vanguard Real Estate (REIT)

VNQ Real Estate REIT stock

VNQ invests in stocks issued by real estate investment trusts (REIT’s), companies that purchase office buildings, hotels, and other real property.

Dividend Yield: 3.65%

The real estate market has been HOT recently. It’s a sellers market at the moment. With property selling almost instantaneously this REIT has been performing extremely well recently.

VNQ Vanguard Real Estate REIT stock

VNQ Annual Return

VNQ’s annual yield has varied with some years reaching up to 30%. Its history also shows annual yields between 5%-8%. This investment seeks to provide a high level of income.

#4. VOO – S&P500

VOO S&P500 Index Fund Warren Buffett

This Vanguard ETF invests in stocks within the S&P500, representing 500 of the largest U.S companies. Companies in the S&P500 include Apple, Tesla, Johnson & Johnson, Walt Disney, Netflix, and Coca-Cola to name a few. You can see all the companies in this index fund in the link at the end of this article.

Dividend Yield: 1.39%

The S&P is one of the best index funds in the market. Warren Buffett himself is a huge fan. Fun fact: his trustee is expected to receive all of Warren’s assets with 90% of his stock picks moved in the S&P500! When you own the S&P500 you own a piece of the fortune 500 companies.

Since they are all working and innovating towards being better every year, you can only expect this index funds’ value to go up.

VOO - S&P500 Index Fund

S&P 500 Annual Return

The S&P500’s annual yield has been approximately 10% – 11% since its inception back in 1926. This is an index fund I’m continuously adding to my position in. The diversity in companies it holds makes it an attractive stock for both novice and experienced investors.

#5. ESGV (ETF)

ESGV is a Vanguard ETF that invests in the top 10 companies in the U.S. These companies include: Apple, Microsoft, Amazon, Alphabet (Google), Facebook, Tesla, JP Morgan Chase & Co, Visa, Inc., United Health Group, and NVIDIA Corp.

Dividend Yield: 1.06%

Unlike the S&P500, owning this ETF means you own a piece of the top 10 companies in the U.S. This growth ETF puts the top earners in your portfolio. This attractive stock only knows up. The companies in this pool are companies that are constantly innovating. It’s always day one with them.

ESGV Vanguard ETF Stock

ESGV Annual Return

This ETF is relatively new. It was created in 2018 and has gained 24%-31% in annual returns. This type of investment is meant to provide you with the highest returns possible. Building your position in this ETF can prove to be a great offense. Very few times you’ll find this ETF on red.

Bookmark these investing tips for beginners.

Bonus Stock

Have you seen what’s been going on with AMC Entertainment recently? This stock is set up for a short squeeze. If you can manage to buy this stock before it takes off then you’ll be able to make a quick trade. A subcommunity from Reddit who skyrocketed GameStop’s share price also began moving AMC Entertainment.

Well, AMC now has a bigger community due to how much more affordable its stock is than that of GameStop’s. You can read more about this stocks short squeeze DD (due diligence) here.

Are you already investing in one of these stocks? Lets begin a conversation. Leave me a comment below.

Related: Retire a millionaire with the S&P 500: Is it possible?

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Side Hustles From Home That Make a Ton of Money

Side hustles from home that make a ton of money

Whether you’ve lost your job or simply want to work for yourself, many people are making money online no matter where they are in the world. They’re either working at home or traveling and making money at the same time. Or you’re probably just a workaholic and need to stay busy.

Say goodbye to your 9-5, for good. Here are some incredible side hustles from home that make a ton of money.

welcome to franknez.com - the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

#1. Earn Money From Home with YouTube

YouTube is an amazing platform from which you can begin to make money from home. Though it won’t be an instant way to earn money it will certainly be worth it once you’ve monetized your YouTube channel.

Earn money from home with YouTube

The cool thing about YouTube is that you can make videos on just about anything and work towards creating a source of passive income when you’ve grown your channel.

Once your YouTube channel has been monetized, your videos will earn you money from ads no matter where you’re at in the world.

This means a video you created months back can earn you money every day, of every month, of every year!

How much money can I make from home with YouTube?

YouTube has no ceiling. You can make infinite money with YouTube as long as your videos generate views.

Make money from home with YouTube
Franknez.com

I created a YouTube channel because I know I want to provide further value to my readers. I want you to see me and I want us to have that personal and visual connection. As of April 2021, I published my first video for an investing community I’m involved in. I thanked them for supporting the blog and sharing my posts within the community. It meant so much that I just had to express my gratitude.

I have a ton of ideas written down of what I’m going to accomplish with this channel. If you want to see this journey come to fruition then subscribe to the channel here.

How do you monetize a YouTube channel?

In order to monetize your YouTube channel you’re required to have at least 1,000 subscribers and 4,000 hours of total watch time within 12 months.

While this may seem like a lot of work, the freedom that comes with it is certainly worth it.

If you have a YouTube channel you’re trying to grow leave it in the comment section below so we can subscribe and show some support!

#2. Create A Blog Using Bluehost

Another great way to make money from home is to create a blog using Bluehost. Blogging is such a carefree side hustle. I enjoy every moment of it and don’t see myself ever stopping.

This is why blogging is now my 24/7 side hustle.

That’s right. Blogging has allowed me to quite my 9-5 and work from anywhere I choose. Sometimes it’s surreal.

I strongly believe everyone should start a blog. You have some sort of knowledge or expertise others don’t. This means you can provide valuable insight and information by publishing blog posts.

Earn money from home by blogging

People are blogging just about any niche and topic. Here are a few blogging ideas:

  • Travel
  • Food and recipe
  • Entertainment and news
  • Automotive
  • Health and well-being
  • Mommy or daddy lifestyle
  • Gardening
  • Sewing & knitting
  • Fashion and makeup
  • College life
  • Teacher life
  • Technology
  • Finance and business
  • Product reviews
  • Paranormal / metaphysical
  • and so much more

Read: Blog Like a Champ: Easy Beginners Guide

You can blog about your passions, your experiences, and your expertise all while making money from home.

What is the best platform to blog?

Bluehost is the #1 recommended web host provider by WordPress and powers over 2 million websites worldwide. I don’t know about you but I want to be on that team.

Bluehost blogging

You can make money from home (or anywhere in the world) by blogging about just anything that people find interesting or helpful. There are numerous ways you can earn money from blogging.

Some ways you can earn money through blogging include:

  • Displaying ads from ad networks
  • Affiliate marketing programs
  • Selling products or services
  • Marketing services
  • Income earning landing pages

How much money do blogs make?

Some blogs are earning anywhere from $100 dollars a month to $1,000, and even $10,000+!

High blogging traffic allows you to multiply your income, especially if you have more than once source.

Franknez.com is earning $10,000 per month alone in just ads. Speak it into existence baby.

Once you’ve opened your account with Bluehost be sure to read how to monetize your blog with Google AdSense. Man, do we have you covered!

#3. Earn Money From Home by Renting Your Property

Make money from home with rental income. Rent your extra bedroom or backhouse to make easy money every month.

Earn money from home by renting your property

Rent from your tenant(s) guarantees monthly earnings for the use of space you are not using.

This form of passive income does not require much maintenance and is usually a pretty straight forward process. Relay the rules to your tenant and write up terms for your records.

Depending on which state you live in, you can charge $400-$800 for rent every month. $1,000+ in some areas.

House Hacking

Make money by house hacking

Learn to house hack by having more than one or two tenants essentially pay for the mortgage.

You don’t technically make money from home this way, but you live in your home for free which means you can use your money to save and invest it in other assets.

Consider using Airbnb

Airbnb allows you to rent your property for a few nights to people who are looking to stay in that particular area of your city.

This hotel like service draws hundreds of dollars per night and in most cases can even pay itself if you’re still financing it.

I’ll leave the link to Airbnb’s website home page here.

#4. Teach A Skill With Fiverr

Teach A Skill With Fiverr And Make Money From Home

With Fiverr you can teach a skill via webcam to people looking to learn more on your expertise.

You create a gig and get notified when someone places an order. People are teaching others how to:

  • Speak a new language
  • Selling graphics & designs
  • Providing digital marketing lessons
  • Supplying video & animation tutorials
  • Create amazing recipes and cook

Fiverr is a great way for you to make money from home due to the convenience of providing people all around the world with value right from your living room.

If you’ve ever wanted to teach people how to learn something new from the comfort of your home then Fiverr is a great platform for you.

Read: How To Distribute My Music On All Major Platforms

Leverage income is when you create something once and get paid for it multiple times. This type of income is what Dan Lok refers to as F.U. money.

#5. Earn Money From Home As A Freelance Writer

Earn Money From Home As A Freelance Writer

The amazing thing about Fiverr is that you can also offer your writing skills to people all around the world as a freelance writer. Freelance writers are:

  • Writing professional bios for people
  • Providing successful telemarketing scripts
  • Working on helpful branding articles
  • Helping people format pod and ebooks

Services range from $5-$80 per order! If you can think of creative ways to put your writing skills to use then Fiverr is the perfect platform for you.

Earn money from home teaching people how to do stuff online!

Read: 5 Ways to Earn Leveraged Income: Start Now

#6. Pick Up A Commission Based Sales Position

Earn money from home through a commission based sales position. You can make a sales career from many industries including marketing, tech, and health.

Commission rates can range from 5% being the lowest to 40% being the highest.

The cool thing about taking up a commission based sales position is that you have the liberty of working in the comfort of your home or while you’re on the move!

Why commission only based positions are amazing

While I don’t have a 9-5 anymore, I do have a commission only based sales position in another business.

I built my clientele over the period of 5 years before going 100% commission with no base salary. Although this may sound scary at first, I now have the time to work on my blog full-time as well as continue to grow my other online startups.

Because I already have a clientele, all I do now is quote and close projects every day. I can be doing this from home or from the beach. This position compensates me monthly.

Read: How To Reach $10K Per Month In Sales

#7. Start Your Own Online Business And Make Money From Home

Starting your own online business has many benefits. Not only are you your own boss but you have the opportunity to creatively make money from home in the niche of your choice.

When I created my first online business it generated on average $20 per month. Although it’s not enough to cover big expenses, it was certainly enough to pay for my streaming services passively without the need of my using my earned income from my 9-5 during that time. It was my first successful startup and now plays a different role which brings a ton of traffic to my blog!

Another startup earned me on average $2K per month all year. This is an online business I’m working on scaling today as well. And yes, this was all done from home. The link below is going to walk you through on how you too can start a thriving online business.

Starting an online business will be your best bet to leaving that 9-5. This will highly depend on how much you commit to scaling it.

Read: How to Start a Thriving Online Business in 2021!

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Are you working from home? Let our readers know what you do to earn that extra income in the comments section below!


Online Business vs Traditional Business: Pros & Cons

Online business vs traditional business which is better

I am very excited to touch base on the topic of online business vs traditional business.

My family has owned a traditional business for about 13 years now. That’s where I was first introduced to the sales world straight out of college. Extended family such as uncles and cousins also have their own traditional businesses. I am the only one in the family scaling an online business. In total, I’ve created three startups online.

I’m a fan of both but favor one more than the other. Lets talk about the pros and cons of both an online business and a traditional business. We’re going to dive in on the costs to start one, scalability, time to earn money, and flexibility.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

The first time I had an entrepreneurial moment was when I was a kid. I didn’t know it then but I know it now.

My grandmother had given me a few bucks and I had bought a variety of candy. I then found a small clear plastic box where I combined all the candy together. I remember going around the household charging $1 for a few pieces of starburst, skittles, and sour ropes. I’ll never forget it.

I don’t know why I did it. The instinct of opportunity perhaps? Having been heavily involved in both, I understand the differences between a traditional company and an online business. Lets start with the costs to start one.

How much does it cost to start an online business?

how much does it cost to start an online business

Starting an online business is a lot more cost efficient than starting a traditional business. With an online business your startup costs are a website, domain, email, and any additional widgets you choose for your website. This can run anywhere from $200-$500.

In some cases you can accomplish this for less. But if you’re paying someone to design your website it can cost between $1,000-$5,000.

I designed my own using Bluehost. Why? Simply because it’s cost efficient and super easy to use. Bluehost is integrated with WordPress and works well with any type of online business. It’s $2.95/mo. and your domain is free your first year.

How much does it cost to start a traditional business?

How much does it cost to start a traditional brick and mortar business

In most cases, a traditional business is going to require you to raise more capital. If your company uses any sort of machinery combined with software, the costs are going to be quite high. The startup cost of a traditional company can range from $10,000-$40,000+.

A traditional business also needs to be registered in your county and requires a sellers permit if you intend in selling a service or product.

You might also have to buy small business insurance to cover any possible damages. Like an online business, your traditional company will still need a functioning website to attract your customers to your service or product.

Startup costs of an online business vs a traditional business

When looking at the costs of a startup, an online business wins vs the traditional business. A traditional business is nowhere as cost efficient.

This is the pro to an online business and con to a traditional company. An online business will have very little to no overhead while a traditional business may have a massive overhead.

Scalable business model: Online vs traditional

scalable business model online vs traditional brick and mortar

The scalability of both an online business and traditional business is very different. This is where a huge separation can take place.

Scalability with an online business

Because an online business is global, it can reach a global audience. An online business can sell products online internationally and produce content that reach an audience at massive scale.

Online businesses with a lot traffic have an advantage over a traditional business. An online business can profit from:

  • Online product sales / service sales
  • Affiliate programs
  • Advertisement display
  • Blogging
  • Monetizing content via video

An online business can create a loop that drives traffic essentially multiple streams of income online. A monetized YouTube channel can draw traffic to a monetized blog displaying ads. A blog may also contain affiliate links that collect commissions. Not to mention whatever this website has to sell or offer via its business model.

This multiple stream of income loop allows an online business to constantly be earning money, 24/7.

Scalability with a traditional business

A traditional business will always be limited by a demand for your service or product. This type of business is usually limited by its location as well. Most small businesses cater to their surrounding area and tend to expand outward with time.

What limits business owners with a traditional business is their growing overhead as their business scales. When a traditional business scales new employees must be hired, more money has to be spent on payroll and other possible discrepancies that are human nature. Lawsuits, raises, insurance, etc.

Although scaling a traditional business can be very rewarding, the responsibilities at this level compound as well. The costs to run a traditional business when scaled go up and your business may become stagnant due to the increase in cost of goods and minimum wage.

A traditional business cannot scale without the addition of new employees and increase in sales. An online business on the other hand requires traffic, or an audience which has no limit.

Time it takes to make money from a startup

how much time does it take to make money from a startup

The amount of time it takes an online business to earn money is also very different from the time it takes a traditional business. Here is where a traditional business has the advantage.

How long does it take for an online business to make money?

An online business can take quite some time to make money. I would refer to this disadvantage as a con. An online business takes time to monetize, especially if you’re not selling a service or product per say. Even so, selling a service or product online takes brand building and brand recognition. This is just as competitive as a brick and mortar if not more challenging.

I monetized my online business the first month of it going live but didn’t start making any ‘rent money’ until after a year of non-stop dedication. I would work on building it after my 9-5. Now I work on my online business full-time.

Now, I wasn’t selling a service or product so this does not mean it’s going to take you over a year to make money from an online business. My online business revolves around advertising displays and affiliate programs. You may have an outstanding pre-launch that enables you to earn money your first month or two in.

How long does it take a traditional business to make money?

If you have a product or service that’s in demand, your business can begin earning sales revenue in just days to weeks. Landscaping and mobile car wash detailing businesses just have to knock at peoples doors. Someone will schedule you. I know people in these businesses that started earning money right away.

If you know who to target, your traditional business can start earning sales revenue fairly quickly. Even if it’s just to break even. While most businesses don’t don’t profit until their second or third year in business, those tackling it hard may profit their first year.

Running an online business often times requires you to be tech savvy and marketing oriented. These skills take time to build which means earning money online may take more time for new entrepreneurs.

Flexibility: Online business vs traditional business

Business flexibility

Flexibility is a deal breaker for most entrepreneurs. The flexibility an online business provides is way different from that of a traditional business.

The flexibility you have as a business owner with a traditional business is almost non existent. Lets dive into it.

Online business flexibility

With an online business you have the flexibility to work from anywhere in the world. Most online business owners work from home and tend to work on their business while they travel once they’ve figured out how to scale.

This flexibility makes an online business such an attractive business model to most younger entrepreneurs.

An online business allows you to earn money while you’re on the road with absolutely no overhead. Some online businesses do have teams of intrapreneurs growing the business, but even this small team does not compare to the amount of employees a traditional business needs in order to scale.

Traditional business flexibility

A traditional business on the other side has very limited flexibility. Most business owners cannot manage their business on travel. And if they do, they don’t truly get to relax due to the amount of physical responsibility they’re leaving behind.

Unless you’ve hired a great management team that can take care of business while you’re out, your business requires you to become a worker yourself within your own business.

In a lot of cases, entrepreneurs who fail to build a team end up becoming a slave to their own business. This is essentially when time off is almost impossible.

Online business pros

  • Startups are more cost efficient
  • Scalability is limitless
  • Provides the flexibility to travel and work from anywhere in the world
  • Allows for multiple streams of income to loop with one another
  • Ability to earn passive income 24/7

Cons

  • ROI takes longer to receive in most cases

Traditional business pros

  • ROI may be quicker than an online business
  • Brick and mortar companies attract a local community

Cons

  • Startup costs require building capital in most cases
  • Flexibility is severely disrupted
  • Scalability is also limited compared to an online business

Which business model is right for you?

hybrid business model traditional and online

Figuring out which business model is right for you will determine on what you value most.

If you value your time and flexibility than an online business is tailored for you. If you don’t mind a traditional business model for the sake of a simpler and offline experience then go all in.

Both an online business and traditional company are going to allow you to earn a lot of money. Each model will provide a unique lifestyle that is tailored just for you. And it’s up to you to find out what type of lifestyle you would like to get from it. Is it the laptop and travel lifestyle, or is it the tangible business owner lifestyle.

I favor the online business model. Most of my family favors the traditional business model. But I think it’s because they’re significantly older, too.

Is there a hybrid business model of online and traditional?

Of course. There are many businesses who implement both business models in order to diversify the way they connect with their customers and audience.

If you have a traditional brick and mortar and are looking to scale it online you can certainly do so. You can do this by starting a blog on your niche industry or publishing YouTube videos online. You would then need to monetize your content with advertisement.

This hybrid business model will allow you to run your traditional business as you have while earning passive income when your company is closed through the content you publish online.

Hybrid model with a blog

If your plumbing company is doing well but becoming a little stagnant, you can always write about your experience as a business owner in this industry via a blog. My beginners guide walks you step by step how to accomplish this.

Read: Blog like a champ in 2021: Easy beginners guide

Hybrid model with a YouTube channel

Back to the plumbing company example, you can leverage YouTube channel views by publishing videos for an audience.

You can do tutorial videos for people to gain knowledge from and create episodes others will find enticingly valuable.

No matter what your industry or business is, you can earn money 24/7 with it online once you monetize a platform such as a blog or YT channel.

Hybrid startup model

A hybrid online business model will allow your traditional business to earn revenue even after its doors close. Is your company closed during the weekends? A hybrid online business model can earn you revenue while your businesses’ doors are closed.

If you enjoyed this post please be sure to give it a like and give it a social share. Let me know in the comments section below if you’d like me to get more into detail of what a hybrid online business model is. I’d love to help take things a step further for your traditional business.

Related: How to start a thriving online business in 2021!

Also, be sure to connect with me on social media!

Support the blog on Patreon.

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Blog Like a Champ in 2021: Easy Beginners Guide

Blog like a champ in 2021: Easy Beginners Guide
Starting a blog is fun and adventurous

Blogging is an amazing way to provide useful information to the world and can feel very rewarding and fulfilling. It allows us to provide our expertise, opinions, and experience to people all around the world. Not only that but we get to earn passive income no matter where we are in the world.

I’m going to touch base on topics people blog about as well as my personal favorite things about blogging. If you’re thinking of starting your very own blog this is no coincidence my friend. This post was written specifically for you. Here’s how to blog like a champ in 2021!

how to start a blog step by step for beginners

Lets get started!

Find Your Niche First

The first thing you’re going to want to lock down before physically starting your blog is finding your niche. Your niche should be something you’re good at and can write about fairly easily.

You’re usually very knowledgeable in this area and have a passion for it. Mine for example is business and finances. I love business because of the creating process it takes to turn an idea into a reality. The challenge of managing finances has also made personal financing one my obsessions.

The amazing thing about blogging is you get to provide people with loads of useful information and help. Do some research to see what sectors dominate the blogging world to gain statistics on your audience.

franknez.com
blog

Here are some blogging ideas:

  • Travel
  • Food & Recipe
  • Entertainment & News
  • Automotive
  • Health & Well-being
  • Mom & dad lifestyle
  • Gardening
  • Sewing & knitting
  • Fashion & Makeup
  • College life
  • Technology
  • Finance & Business
  • Product Reviews
  • Paranormal / Metaphysical

People are blogging about just anything. Find your niche and express your thoughts! If you’re a teacher, write about your profession. I’m sure there’s countless stories you can tell. Tips even to other teachers!

That’s the point my fellow readers. It’s to put your experience online and for others to relate to and gain knowledge from you. You can do this with anything, I promise.

When I first started my blog I had a blast writing my first batch of posts. The ideas were overflowing and I couldn’t see myself not doing this moving forward.

As of April 2021, I’ve been blogging for 15 months now with 3 months being full-time!

Reasons why you should start your own blog

I personally believe everyone should start their own blog. A blog can provide you with a lifestyle like no other. Here’s a small list of key reasons why more people should start today:

  1. You have some sort of skill or expertise to share with the world
  2. Your knowledge can answer people’s questions and help them grow
  3. You can monetize your blog with ads and get paid passively every month
  4. Blogging allows you to express your thoughts and opinions
  5. Get paid on the move, while you travel, and while you sleep

Why I personally love blogging

  • One thing my blog allows me to do is to earn passive income no matter what I’m doing at any time of the day. This is primarily thanks running ads on my website. This is certainly a perk to running a blog.
  • I get a lot of joy from providing value in people’s lives. I genuinely love to serve people. Blogging allows me to be of help and it just feels good!
  • Writing is my passion. Whether it’s poetry, music, or advise, I simply love to write. It’s in my blood what can I say? Words are amazing.
  • Blogging allows me to clear my thoughts. In some ways it’s a form of venting.

Blogging like a champ is super easy when you have the right tools. I’m going to walk you through and provide you with the knowledge you need to build an awesome blog people can talk about.

Lets get started!

#1. Use A Reputable Webhost Service To Blog

Use Bluehost For your blog

This key action will determine just how professional, creative, and even successful your blog has a chance of becoming.

Bluehost is one of the largest webhosting companies hosting over 2 million domains worldwide! It’s also the number 1 recommended webhost service for blogging by WordPress.

What’s great about Bluehost is that it allows you to create an amazing platform for all of your blogging needs. It’s easy to use layout and tools make it a leader in its segment.

I personally use Bluehost and I couldn’t be happier. Everything about Bluehost is professional and easy-to-use.

So, what makes Bluehost great for blogging?

Bluehost has many benefits for bloggers. One, is the ability to preview your posts and pages during editing. This makes it very convenient to look at your website from an outside perspective before publishing it. Other great benefits include:

  • Easy-to-use interface
  • Awesome themes
  • Professional layout
  • Free mailing list for your readers
  • Tons of helpful plugins
  • Integrated writing and post suggestions for SEO
  • Realtime traffic statistics
  • Super affordable
  • Amazing reputation

My blog looked nothing like what it looks today. It’s currently branded and structured to my personal liking.

But, wanna know something crazy? It looked pretty cool even as a new blog. That’s what I really liked about Bluehost from the get go. It allowed me to start a presentable website even as a beginner.

Best Web Host Provider For Blog - Franknez.com | Bluehost

Bluehost is going to provide you with everything you basically need to make your blog a success. You’ll just have to be consistent to see the results you set for your blogging goals.

We’ll talk more about that a little later.

#2. Choose a Plan That Fits Your Needs

Choose a plant that fits your blog
How to start a blog with Bluehost

You’ll need to choose a plan from Bluehost before you can officially start your blog. Choose the best plan for your goals then choose your domain (e.g. franknez.com).

Each plan will also have a free SSL Certificate which basically means no matter which plan you go with, your website will be secured for your readers!

Now, this is VERY important. Blogging like a champ will require you have a secured site for your readers.

Which is the best plan?

Plus seems to be a great value considering you get everything Pro gets with the exception of high performance. Standard performance is adequate for a beginner.

Next is your domain name. This is what will establish your blog on the internet as a legit website to the world. Choosing your blog/domain name is a lot of fun. This is what’s going to differentiate you from everyone else. Make it personal and mold it to your niche topic. Make it you.

Finish setting up your account information before getting on with some more fun steps!

#3. Get Creative | Pick a Theme For Your Blog

Pick A Theme For your blog with Bluehost
Bluehost provides an amazing selection of themes for your website!

Your blog is the perfect platform for you to get creative, even if your topic is more conservative.

Get creative with the way you format your posts and with the design of your website. Stand out from other bloggers writing in the same niche as you.

Create a presence your audience will remember. Be sure everything about your blog stands out as being genuine. This is a great way for your blog to connect with your readers.

Bluehost has so many cool themes you can choose from. They do an outstanding job at being able to filter them according to the type of blog you’ll be publishing. This is a very fun part of the process.

Can I edit the themes?

Yes! You can can edit the themes and move just about anything around to personalize your blog.

You can add menus, change your header image and colors, and add a ton of widgets just about anywhere on your page.

You’ll also be able to change the web address icon image for your website which is super cool.

All the themes are free, however; you can opt out for the premium versions where you can customize your page even more. This small reinvestment can enhance your blog to the max!

Bluehost has themes for everyone

Bluehost has a variety of themes ranging from:

  • Singer, songwriters, artists, and DJs
  • Business
  • Spas, hotels, travel agents, travel bloggers
  • Magazine and journalists
  • Trends + more

You can read about each of these on Bluehost’s page here.

#4. Log into WordPress

Once you’ve set up your account, log into WordPress to begin creating your very first blog post!

It doesn’t take long to familiarize yourself with Bluehost/WordPress home page. You’re not going to believe how easy it is to navigate this page.

Here you’ll be able to view your website stats and traffic along with many other awesome features to help you grow your blog.

Read: How To Draw Organic Traffic To Your Blog

Installing plugins on WordPress

Because Bluehost is integrated with WordPress, installing plugins is super easy. Plugins are applications that can help your blog either run smoother, or more efficiently depending on what you’re aiming to accomplish.

Here’s a list of must-have plugins for all beginners:

  1. Jetpack by WordPress: Bluehost comes with this plugin already installed. Jetpack allows you to see real-time traffic stats. You can view your monthly progress and yearly growth with this plugin!
  2. Social Warfare: This plugin displays social icons on all your blog posts so your readers can share them! You also have the option to display the number of social shares each social icon has received.
  3. Yoast SEO: Also part of Bluehost members, Yoast SEO is a great plugin to amplify your Search Engine Optimization. This plugin will give you suggestions to improve your blog to get the most out of it!

WordPress comments

WordPress allows you to approve, deny, spam, and trash new comments. This configuration is very helpful because it allows you to choose what type of content can be displayed on your blog.

WordPress comments also let you reply and edit your response quickly without leaving your dashboard.

As a new blogger, aim to receive as many comments as you can. This is going to tell Google that your blog post is relevant and highly valuable.

A great way to get people to comment on your posts is to join Facebook blog groups and engage with other bloggers.

You can also join Twitter feeds where bloggers get together and engage in each others posts to show support. These strategies allow bloggers to help one another and gain some traction.

Google Site integration

Google Site integration with WordPress

WordPress gives you an overview to Google Site. Here you can view your traffic broken down by organic search, direct, social, referral, and other.

These insights are help you understand where your traffic is coming from and allows you to make any assessment towards your blog goals.

You can also hover over to the locations and devices tabs to see those stats as well!

#5. Set Goals for Your Blog

Once you have access to all the tools you need to build your blog, start setting your goals.

Blogging like a champ will require you to set awesome milestones for your baby!

How many times do you plan on posting? How do you plan on driving traffic? Write a small business plan to break down your goals.

If one of your goals is to make money, write down how you plan on making money with your blog. One of the most popular ways to earn money blogging is through the use of ads.

Google AdSense for your blog goal

Google AdSense is most bloggers favorite choice due to it’s reputation of having the highest paying ads and overall domination in its sector.

Read: How to monetize your blog with Google AdSense.

Here are simple goals you can set for your blog:

  • Getting your first 100 blog post views
  • Publishing your first 10 blog posts
  • Creating a logo for your website
  • Opening social media accounts for your blog
  • Monetizing your blog with Ads

Once you’ve reached your starter goals, you can begin to set bigger goals for your blog. Maybe you’re looking to reach your first 1,000 views now and so on.

Never stop setting goals for your blog!

What if you’re rejected by Google AdSense?

Do not feel discouraged if you get rejected by Google AdSense. Let it drive you instead.

Fun fact: Google AdSense rejected my blog about 6 times before I was finally deemed valuable enough to display ads on my site.

The good thing is that Google AdSense will tell you why they rejected your blog from displaying ads. At least for the most part. They actually stopped advising why after the fourth rejection.

But you know what? I kept pushing because I had specific goals for my blog and monetizing it was a big one.

So, after going back and fixing everything I needed to and continuously putting an effort to provide value, I finally got approved.

How long did it take to get approved by Google AdSense?

It personally took me 1 solid month of non-stop grind. I wanted to monetize my blog as early as I could so that I wouldn’t have to worry about it later one once I began to gain momentum (whenever it would be).

Now, this does not mean it has to take you 1 month as well. We all work on our blogs at a different pace. I chose to work on my blog every day after work from 7pm to 12am because of how long I actually worked (7:30am-6pm). There were times where I would work on my blog past 12am. The weekends were no exception either.

Everyone’s schedule is different. Whether it’s one week, one month, or one year, find the time to make it happen. I’m proof that it’s doable no matter how many times you get rejected.

How much does Google AdSense earn a blog?

Blogs only make a decent amount of money based on how much traffic they drive to the site.

Google AdSense pays you two ways:

  1. By the number of viewers your blog obtains
  2. And by the number of clicks your ads receive

Advertisement money is also going to depend on your CTR, CPC, Page CTR, and other metrics.

As your blog gains traffic, your chances of earning more money increases. See, the thing is that Google AdSense earnings actually snowball. This means that the more you keep the momentum going, the more you actually earn.

I went from earning gumball machine money to coffee money. Then to Taco Bell money and eventually to utility bill money.

If you can earn $0.01 online then you can earn $1.00 and so on. I didn’t begin earning $100s until a few of my blog posts actually became viral.

Read: How to make a blog post go viral (45k views in one month)

#6. Promote your blog on social media

Promote Your Blog on Social Media
Promote Your Blog With Everyone!

A great way to promote your blog is through the use of social media platforms. One way I promote my posts is by taking screen shots of a new posts and uploading them onto my snapchat, Instagram, Facebook, and even Twitter stories.

Promoting your blog on social media will allow your website to gain traffic. This is going to be very important in the beginning because your blog will take time to rank on google on its own. The goal is to drive a lot of direct and referral traffic in order for the algorithm to start showing your website to organic viewers outside your circle.

Tip: Get your friends and followers to share your links to drive engagement and optimization.

Use hashtags to optimize growth

use hashtags to optimize growth

The best social media platforms I’ve found have the best hashtag growth potential are Facebook and Twitter.

When you share a post on Facebook be sure to use tags. This will spread your post to a variety of groups. Same with Twitter.

Social media hack: after about a week of publishing a post on social media, comment the same hashtags on the comment section of your post. This will renew your post and put you at the top of your topics!

How to reach 1,000 followers on social media

One of my long-term goals for FrankNez social media accounts was to reach 1,000 followers.

I set this goal because I knew that at this point I would have driven a good amount of traffic to my blog and it really just signified that I stuck to my goals.

After 16 months I finally reached 1,000+ followers on Twitter and I’m actually 70 followers shy of 1,000 on Instagram.

Social media hacks for blog growth

I want to provide my readers with a ton of value so they too can grow their social media following and optimize growth for their blog.

Here are some hacks that can help you along the way:

  • Go to relevant hashtags and like a ton of peoples tweets
  • Do the same on Instagram but over on the ‘Recent’ posts instead of ‘Top’ posts
  • Comment on Instagram ‘Recent’ posts as well
  • Go through top Instagram post comments and like ‘heart’ peoples comments
  • Put your blog link on the bio of all your social media accounts
  • Create content (posts) that will lead your followers straight to your blog
  • Retweet relevant and helpful posts
  • Visit your followers followers and like their content

A lot of these hacks are meant to build awareness.

The point is to be seen by as many people as possible. Having your website link on your bio is going to allow curious visitors to want to learn more about you.

This is why it’s important that you engage with related pages and content. People who like your content will follow you.

At this point it’s up to you to stay active and be consistent. Failure in doing so will result in losing followers just as quick as you received them.

#7. Revise older posts

There’s going to come a point when your posts begin to age. My suggestion to you is to revise older posts to make them even better.

At the very beginning of your blogging journey you’re going to eventually go back to older blog posts and see where you could have added more detail or information.

This is great! Go though your posts every two months or so and see how you can ‘armor up’ to make them rank higher.

You might even find yourself changing the title of your post. The point is to keep getting better.

Tip: I will say, shoot for writing long posts. It will improve your SEO and chance of being found organically on search engines.

Never stop improving champ, you got this.

Should I delete old posts?

I’m going to be honest with you. I have yet to delete old blog posts. I’ve written quite a number of them that I still have a lot of work to do regarding revisions.

What I would do is go back and really take the time to improve a post and make it as detailed as possible. Go big! Aim for high word usage so your blog post can rank in its segment.

Take as much as you need to really power up a targeted post.

Once you’re certain your blog post will rank higher move on to the next one. If the views don’t improve for these revised posts, figure out what you can do to rank and start seeing more organic traffic flow your way.

Chances are if you write a lengthy blog post and aren’t ranking well then it’s more than likely saturated. Meaning a ton of bloggers have already covered the topic.

If you run into this problem, keep updating and making it better throughout the months. Find ways to give your blog post character and make it stand out from everything else that’s out there.

Sure it may be hard to rank for certain keywords but at least you have a detailed post that is continuously being updated to provide more value.

In the end, you might just end up ranking out of the blue. That’s what hard work does.

#8. Be Consistent

Like any business, art, sport, or dream, you must have perseverance if you are to accomplish a set of goals for your blog. Be consistent by continuously posting and sharing your information throughout your social media.

Tip: Keep tabs on how your website is performing to see what you need to work on and how you can do it better.

If your blog gets approved by Google AdSense, be sure not to slow down your productivity. On the contrary, this is the time where you want to put in even more effort than what it took to get approved in the first place.

Blogging can become an amazing source of passive income but will require a lot of discipline and dedication. Put in the amount of work your goals require from you to see them through. This creative process is a process. Blogging like a champ can take time.

If you find yourself for any reason derailing from publishing, go back to your goal list and see why you started in the first place. Is it for the income? The freedom? Stay focused and make it happen!

What if I start to lose motivation to blog?

Although blogging can be an amazing escape, it can also be a little overwhelming. Especially when you’re treating it like a business and have big goals for your blog.

Sometimes we tend to lose motivation and steer from publishing fresh content. Believe me I’ve been there.

What’s helped me along the way is knowing when to take time off and refresh. You’re going to want to avoid burning out. When you burn out you don’t perform at your full potential and creativity seems to fly out the window.

Here are some ways you can regain your motivation to blog again:
  • Revisit your goals and see why you started in the first place. Was it for the freedom to make money and travel? Are you looking to quit your 9-5?
  • Searching for high income bloggers personally motivated me when I was feeling down about my own progress as a beginner. This showed me what was possible.
  • If you’re having writers block, take a few days off and do things outside your blog that you truly enjoy. In my case, I would write music to help spark my creativity again. I also did a lot of studying and reading to recollect my thoughts when on the brink of burning out.
  • Watch/listen to motivational speakers. Some of my favorite motivational speakers include Grant Cardone, Steve Harvey, Tony Robins, and Gary Vaynerchuck.
  • Spend time with your family. Connect with your loved ones as a means of getting away from constant work. It’s okay to take a little time off blogging.

If you get back on your feet after a burnout, that discipline and willpower is what’s going to manifest your success as a blogger.

I can honestly say that consistency is what allowed me to reach my first 100 views, then 1,000, then 10,000, and now my first 100K views.

All it takes is truly wanting it.

Tips for Growing Your Blog

  • Publish Content regularly
  • Create high quality content
  • Share every post on social media
  • Consistently update your SEO
  • Revisit old posts and make them better
  • Grow your newsletter
  • Provide outstanding value to your readers
  • Monetize your website
  • Get people engaged

Read: 10 Easy Ways To Exponentially Increase Blog Traffic

BLOG FAQs

Below are some questions most people tend to ask regarding blogging. If you have other questions, feel free to comment on the blog or personally send me an email!

Is blogging dead?

Absolutely not. In fact, blogging is now more popular than ever before. According to Letter.ly, 7.5 million blog posts are published every day.

When you look something up on Google, chances are you’re more than likely going to stumble on a blog that’s going to answer your question.

Blogs are continuously growing despite people thinking blogging is dead.

Why do blogs fail?

Like any entrepreneurship endeavor, blogs fail due to bloggers quitting. It’s usually people who stop innovating or possibly should have used another niche.

Blogs need to be published by experts or people highly knowledgeable in a specific niche.

Other reasons include:

  • Not learning every day
  • Avoiding leaving the comfort zone
  • Using the wrong webhost provider
  • Not dedicating any time to update their website
  • Forgetting about what the audience needs
  • Lack of creativity
  • Not having goals to optimize growth
  • Never posting on social media

Often times the reason for failure is not being committed. As long as you’re committed to your growth then you will succeed!

How often should I blog?

Beginners should publish new posts on a weekly basis to gain some sort of traction. You will need to have some content on your website in order to provide value to new visitors.

Publish quality content oppose to quantity content. This will ensure your posts rank on Google’s search engine.

As you become more experienced, you’ll want to go back to your old posts and really work on them to the point where they begin to rank higher.

I’m at the stage where I’m publishing fewer posts but writing longer and more detailed content for my readers.

The goal moving forward is to revisit my older content and give a refresh for the new year. This is going to help my SEO and rank higher on Google and other search engines.

In the beginning, blog enough to provide a catalog of posts to your readers.

How many posts does Franknez.com publish per month?

I’ve been blogging for 16 months so far. I published Franknez.com in January of 2020. An average I’ve pumped out about 7-8 blog posts per month.

How long should my blog posts be?

WordPress and Yoast SEO recommend your blog posts are no less than 300 words.

But let’s be real, you don’t ever want to do the minimum. Especially if you’re aiming to blog like a champ!

If you’re new to writing this is going to be a little difficult. Try starting off with a minimum of 500 words. Shoot for 700 if you have experience writing.

With time you’ll see that you can write more detailed posts as you gain more and more experience throughout your blogging journey.

Eventually set a goal to write on average 1,000 words per post. As you learn more about ranking and SEO you’ll find out most high ranking posts actually contain over 2,000 words!

If you’re a beginner, don’t feel discouraged. All this takes practice and time.

What can I do to make my blog posts longer?

Here’s something that I’ve done on my long form blog posts. Once I’ve published a lengthy article without burning out, I come back to it.

Sometimes it’s the following day, other times it’s in a week or a month. If I’m covering an important story that requires to be updated frequently then it will be updated consistently.

Blog posts like this one, I’ve tend to come back to include even more value by answering questions you might have. It’s really a matter of coming back to a published post and adding more value.

Does my blog really need a newsletter?

Does my blog really need a newsletter?

A newsletter is going to help your blog in so many ways.

You can share new blog posts with your subscribers which in turn increases your blog post views. If you have any product to sell they can also potentially become buyers.

A newsletter also helps your SEO.

When you email blog post links to your subscribers, you generate a backlink. This let’s Google and other search engines know that your link is being shared and actively clicked on from various of locations and emails.

As a blogger, I am committed to my readers. I love emailing every single one of them regarding posts or news I know will help them in one form or another.

I also get a strong sense of fulfillment knowing I’m in a position to provide tons of value to other goal-oriented individuals in my circle.

Yes. I believe a blog really does need a newsletter. As a blogger, your readers should be your number one priority and you should always be looking for ways to further provide value to their lives.

Our job is to enhance our readers lives.

Have you joined my newsletter?

Franknez.com

Another thing I love about my blog is connecting with likeminded individuals. There’s something very pleasant about spending the evening sending out emails one on one to my subscribers.

Depending on which blog post you subscribed on, I will send you personally tailored posts that you will find of value. So if you subscribe here you’ll receive posts on how to monetize your blog and other blogging tips to help you grow!

How does a blog make money?

There are several ways a blog can earn you money. We’ve talked a little bit of monetizing your blog with ads. Other opportunities include:

  • Affiliate marketing
  • Sponsored posts
  • Self promotion
  • Selling programs via. video or eBook

Affiliate marketing: your blog can promote/recommend products that you use to your readers. You earn a commission for every sale closed.

Sponsored posts: people can pay you to feature them on a particular blog post.

Self promotion: You can promote your tangible business on blog posts that can generate leads.

Selling programs: Sell your eBook on your blog or other courses that can help your readers become more successful.

Here’s how I’ve used these all in 1 blog post

On my blog post, How to distribute your music on all major platforms, I use four out of these five strategies to earn money through my blog.

Here I show independent artists how to earn passive income through streams. On this blog post you’ll see my recommended music distributor (affiliate marketing), self promotion (my music), video in sponsored post format, and by ads.

That blog post earns money from ads. It also has the potential to make money from possible streams, readers signing up using the affiliate link, and requests wanting promotion.

Blog posts like these create value all-around.

Have any questions? Get in contact

If you have any questions feel free to leave a comment below or personally email me. You can find my contact information at the bottom of my post. You can also connect with me on Twitter, Instagram, or Facebook.

Support the blog on Patreon.


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I Want To Hear From You!

Let us know in the comments section below if you’ve started blogging yet. Our readers would love to hear from your experience. And if so, what is your niche?

How To Start A Thriving Online Business In 2021!

How to Start a thriving online business 
franknez.com

Most people start an online business as a side hustle to earn an extra income. Whether you’re aiming to provide a service, sell a product, or earn passive income, you can do it all online!

franknez.com

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

So, What’s The Difference Between an Online Business and a Tangible Business?

An online business does not require tangible assets such as a building, inventory, or team to do business. A tangible business on the other hand usually requires an office, warehouse, team, physical supplies, and overall a much bigger overhead.

With an online business you can earn money online no matter where you are in the world oppose to a tangible business. Most tangible businesses require that you oversee all operations to ensure everyone in your company is doing their part.

Though an online business takes longer to pick up from inception, the long term rewards can be abundant. The upside to this is that you can build a one-man empire. Yup, no overhead meaning higher profit margins!

Can anyone start an online business?

Anyone can start an online business. All you need is the entrepreneurial spirit to spark a startup and begin earning money with your ideas.

Here’s how to do it.

#1. Find Your Niche

First, identify what your online business will be about.

Your niche is the center of it all. Combine your strengths with your interests to see what you can offer to the online world. Your niche should be something you can enjoy doing. If you love to write, publish a blog. If you love apparel, sell it online using eCommerce!

How to start an online business: Find your niche

Many entrepreneurs are finding ways to monetize their talents and skills online.

Find what you’re good at and share it with the marketplace.

Here are some online business ideas

  • Instructing or teaching online using Fiverr
  • Offer reviewing services in a particular niche
  • Provide security tech products online
  • Artwork design services / sell digital art
  • Consulting
  • Marketing & apparel
  • Digitizing / Vectoring / Virtual Mocks
  • Informative content on YouTube or a blog

There’s a ton of online business ideas you can choose from. The one that will benefit you the most is going to be the one that you really enjoy doing.

For example: I love to write. Two of my online businesses have to do with writing. One is in the music industry and the second is this personal finance and entrepreneurship blog.

Most peoples online businesses start off as a hobby but eventually end up generating them money. This usually occurs when you treat your startup like an actual business.

How can I monetize an online business?

If you aren’t selling a product or service you can still make money online. Your online business can review products and link people to the products using affiliated services.

Affiliate services pay you when someone signs up for a service or purchases a product using the affiliate link. This is actually one way bloggers make money from their online business.

What’s amazing about affiliate marketing is that once money starts flowing in it’s all completely passive!

The most common ways to make money from an online business are by:

  • Selling a service or product
  • Advertising businesses (B2B)
  • Providing reviewing and promotional services
  • Implementing affiliate marketing
  • Using advertisements on your web site

The way you earn money from your online business is going to highly depend on what your niche is all about and what you’re going to be providing to the marketplace.

Read: Blog Like a Champ in 2021: Easy Beginners Guide

#2. Identify Your Value

Identify your value online business

Before you start an online business you’ll need to identify your value.

What value will you be providing to the consumer? Are you looking to solve a problem by offering a unique and effective service? Will your product change the way the consumer feels about themselves? How will you improve their lives?

Or, are you looking to entertain or to educate and inform? Identify and understand what value you will be providing to your target market.

Whether you run a tangible business or an online business, you’ll need to provide value to your customers. Learn to identify what it is they need and how to provide an amazing experience.

How can I provide value to my customers?

To provide value means to make a difference in someone else’s life. Some ways you can impact a customer and provide value include:

  • Providing exceptional communication skills
  • Delivering quality work
  • Instilling and emotional drive for the product or service
  • Creating lasting partnerships

Everyone values different things but these are just some of the most effective ways you can provide value to your customers so your online business can reap the rewards.

When you provide value to your customers your online business will begin to thrive.

So now that you’ve figured out your niche and have a pretty well rounded idea of how to provide your customers with value, let’s talk about how to actually set up your online business.

Here’s the fun part.

#3. Build A Website For Your Online Business

Every business should have a website, especially in todays world; however, an online business must have a professional website.

You can use a free web hosting service like WIX if you’re just starting out. This will help you get a feel for what it is to have your service or product displayed online. However, if you’re ready to get serious about your online business you’ll have to purchase your domain for a more professional presentation.

Start a blog with Bluehost

Purchasing your domain is going to be the very first investment you’re going to make in your online business. A thriving online business needs a great webhost provider. For this, we recommend building a website with Bluehost.

Bluehost is the #1 suggested web hosting service by WordPress. They power over 2 million websites worldwide and offer a free domain name for your first year. A professional website is essential for an online business to thrive in the marketplace.

How easy is it to use Bluehost?

Bluehost is super easy to use.

You’ll be surprised to find out that everything you need to run an online business takes very little time to learn with their services. Bluehost’s layout is easy to navigate and the tools become second nature in no time.

Keep in mind that this initial investment is going to be the foundation to your online business empire.

I’ve purchased my domain, what’s next?

Congratulations on achieving your first steps as an entrepreneur. As a marketing and branding expert, this next step is one of my personal favorite parts.

Because Bluehost makes it very easy to build a really cool website, personalizing it to cater to the publics needs is also very easy and fun.

Spend time updating images on your website and really making your platform stand out. Your website should easily demonstrate to its visitors what you have to offer to them.

This is the step where you really get to make your website stand out so get creative!

What if I haven’t branded?

If you haven’t branded yet don’t worry. Focus on your content and on really putting your services out there first. Let people know what you’re doing and what your online business has to offer.

You can brand once you have a clear mindset on where you want to take your online business and have a vision on how it will impact people.

Be sure to check out my network tab to see how your online business can benefit from using other businesses services to grow. Maldonado Graphic Design works with you to create your logo so you can brand your online business.

#4. Promote Your Online Business Using Social Media

So you’ve set up your online business and have an amazing website to showcase your services or products. Now it’s time to market your business to the right people using the best social media outlets for your new business.

Promote your online business using social media

If you’re providing music services make yourself known to artists on Twitter. If you’re selling amazing branded apparel, show off your line on Instagram.

Do you have a service catering to a specific industry? Network with people on LinkedIn. You should learn to identify which social media puts your business in front of the right people. You might already be thinking of a specific platform that could work well for you. And if you don’t, figure out what works and what doesn’t.

Use at least two great means of social media and grow those platforms to simultaneously increase your online businesses presence. It’s not necessary but it helps you with your brand awareness.

How can I thrive online?

Social media is a great platform to get your content out to the right people.

It is necessary for you to understand who your target audience is. Once you figure out who your potential customers are, you’ll be able to present your online services to them at scale.

This will require you to be consistent which brings us to the next topic. How to really thrive online.

Use social media marketing

Publish links to your website and products and services on social media. Distribute some piece of content every day and remain consistent.

Your business must remain active online to stay relevant. Your business will look fresh if you’re actively engaging people online and producing content or sharing links.

This is a crucial part of the process when starting your online business. Get seen.

#5. Always Pitch

Every post, every email, everything you do to catch attention online is your pitch to sell your service or product. So, always pitch.

The moment you stop posting, emailing, engaging, and networking, is the moment you stop taking action to ensure your online business builds momentum and starts earning revenue.

Your business cannot thrive if you stop getting better. Your online business should look and operate way different than when you first started. You won’t find out what changes are necessary to scale until you put in the work every day. Day in, day out.

You’re really going to have to sell yourself. Build your network through social media and grab peoples attention. They must gravitate towards your services through the relationships your online business creates.

Remember when we talked about identifying your value?

Now is the time to demonstrate that value you identified earlier. The marketplace must see this from your online business.

Ask yourself, how can I connect with my audience? How can I excite my online followers so that they give my services or products a chance? How can I attract them to my website?

You will find yourself learning a variety of strategies to earn revenue. Don’t feel discouraged if things are moving slowly. Find out what works for you and keep on keeping on.

Important

Keep pitching until you make your first sale or learn how to monetize your online business. One of the most fulfilling moments is when someone finds the value in your product or service and pays you for it; so be consistent.

#6. Advertise Your Online Business

Advertising is a great way for people to see your business whether it be online or in person. This is one of those other investments that you’ll eventually come across when looking for ways to grow your online business.

You may advertise by paying for Facebook Ads or running Google Ads. A thriving business should always be looking for ways to be seen.

Advertising provides you with an edge over any competition.

Another form of advertising is through the use of decorated apparel.

Companies like Easy Marketing elevate your brand by decorating your logo on hats, shirts, jackets, and all sort of other apparel. You can use this marketing strategy to market to your customers online.

What’s are the benefits of advertising my business?

Imagine going out to a crowded or public place wearing your business logo on a simple cap or shirt. It’s that easy. How about creating a video that generates a ton of views every month? If you’re wearing promotional apparel in your video, your brand awareness is sure to spike.

Exposure is the key to a growing a successful online business.

#7. Get Involved in a Community

Community franknez.com

Establish an authority in your niche topic or industry by getting involved with an online community.

When you become an authority, or leader in your niche, you will be able to scale your business much quicker. Being part of a community is going to attract both customers and viewers to your website.

I used to see this tip everywhere before my blog blew up. I didn’t understand or know how to get involved in a community though. What happened is that I eventually become involved in a sub community that needed my support and guidance. When I provided value to this niche community, my traffic skyrocketed and I was able to scale my blog.

Believe me, you need to find a community you can provide value to.

#8. Register Your Company

Now, most online businesses are just a side hustle. If your online business is expanding rapidly or you’re really looking at the long term goal, you might want to consider registering it through your state; especially if you’re operating full-time and have some sort of tangible items ex: packaging, boxes, etc.

Incorporate for tax benefits and for maximum profits. By registering your online business, you make a bold statement of legitimacy and are able to legally register yourself as a business owner.

Again, this is not total necessary though. You can have a thriving online business without registering it through your state and county.

Never stop setting goals for your startup

Starting and online business is a lot of fun, and believe me it’s a lot of work. I can personally say starting my online businesses have been the best decisions I’ve made in my life.

They’ve taught me what it is to really stick to something when most people would have quit. It really does teach us a lot about ourselves as entrepreneurs.

If you enjoyed this post please be sure to join our newsletter to stay up-to-date on new posts. Keep working towards your dreams and aspirations and remember, never stop setting goals for your online business.

Franknez.com

Read: Online business vs traditional business: Pros & cons

Support the blog on Patreon.

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Pro Tips For Cold Emailing Prospects: Become An Expert

Pro tips for cold emailing prospects become an expert

Cold emailing prospects is a great way to establish new relationships and build your clientele. If you’re looking to improve your technique, well I have you covered. These are the best tips to writing a successful and eye catching email.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started.

Are cold emails effective?

Cold emails have personally worked better for me than any other sales or closing strategy.

The process of sending out cold emails to grow my network and follow up database has allowed me to grow a 6-figure clientele.

For some people cold emails might not drive results. Maybe you’re better at expressing yourself via voice. In this case cold calling might be your best bet.

I love words so I favor writing. I can also speak to a prospect or client confidently over the phone but my choice for initial contact is by cold email. This is what has worked for me and I’m going to show you exactly what I’ve done to make my cold email strategies effective.

Be sure to go grab your copy of Reaching The $10K Mark: How Perseverance Overrides Adversity on Amazon.

#1. Write an attractive subject line

Do you know what the purpose of an envelop is? It’s to get the receiver to open it and read the contents within the envelop. Cold emailing prospects will work the same way. You are going to need them to open your email instead of trashing it on sight.

Write A Catchy Subject Line When Cold Emailing Prospects
Cold emailing prospects requires creativity!

Your subject line must sell the contents within the email so that a prospect takes what you have to say into consideration. Cold emailing prospects will require you to get creative with drawing attention to your emails. An attractive subject line will draw the prospect to your world.

You might have a great idea on how you want to draw a prospect in. You’ll come to find out it takes a lot of practice through trial and error. The persistence that goes into creating great emails will eventually bear fruit. Don’t get discouraged if prospects aren’t replying immediately.

One strategy I found very effective is to simply call them to follow up to let them know you sent out an email with some information you think they can obtain value from. Not only does the prospect hear your voice and has an intro of who you are, but they feel more inclined to find this cold email.

Tips for writing an attractive subject line

There are actually quite a few subject line email hacks that increase your open rate and get your emails seen. Here are some I’ve implemented myself:

  • Keep your subject line short
  • Avoid using CAPS AND EXCLAMATION MARKS!
  • Put yourself in your prospects shoes
  • Use a positive sentiment

4 major key points to writing an attractive subject line

Keep your subject line short: this tells your prospect you’re not going to waste their time and demonstrates personality. Long subject lines tend to come off as wasteful and sales pitchy.

Avoid using caps and exclamation marks: The purpose of your email’s subject line is to get your email opened and read. Throwing caps and exclamations marks screams SPAM. Avoid this at all cost.

Put yourself in your prospects shoes: Start from the inside out. Begin thinking what type of email you would be more inclined to open if you were in your prospects position. A good way to find out what your prospect needs to see is to know your industry very well.

Use a positive sentiment: Using a positive sentiment is going to make your prospect curious. They’re going to want to know who’s emailing them before even getting to the actual message or purpose of your email.

Here’s an example of a recent success pitch

The sales director of the company I do 100% commission-based sales for let me in on some recent news. One of the biggest clients in the company had acquired another multi-million revenue generating company in our industry.

Within a two weeks timespan I had closed my first sale with this acquired sister company using only emails. The initial email went like this:

example of a successful cold email template - franknez.com

And the rest is history. A rep from the company contacted me a week later for a quote on a rather large project and I sealed the deal via email days later.

Did Jamie respond?

Yes, she did. She was pleased to ‘meet me’ and advised she would be sharing my information with her team. Jamie is the CEO of this now acquired sister company.

So, what made this email very successful?

  1. I implemented the 4 key points to writing an attractive subject line. I kept it short with positive sentiment without the need to use an exclamation mark or caps. Who doesn’t like to be congratulated for a big move right?
  2. My email body demonstrated to Jamie what type of connection I could be for her business and for her team. Lets talk a little bit more about what made this email body an attractive email for the CEO of this company to share with her team.

If you’re enjoying this post so far be sure to bookmark it and come back to it a week from now to refresh your memory on these skills that have allowed me to build a 6-figure clientele.

#2. Write a body email that gets noticed

In the example email above you will find that there’s a lot of details packed into an easy-to-read format that delivers exceptional value from the get go.

The keyword here is value.

Every email you send out should provide value in its highest form possible. Yes, even when simply responding to a prospect or a client.

See, when Jamie had responded to my initial contact email I responded back to her.

Wonderful – thanks, Jamie!

Looking forward to providing the team with tons of value.

Thank you,

(Signature)

Frank Nez

Always be the last person to respond.

Address your prospect by their name

It’s common courtesy to address someone by their name. Avoid writing ‘to whom it may concern‘. This form of introduction completely disregards who you’re looking to do business with; especially if their name is already on their email address.

Use your prospects name in the email to be direct and personal.

If the prospects email does not have a name and it’s simply an info or sales email, address the team. You can start your email with ‘hello team‘ or ‘good morning team‘ to show comradery and respect to anyone reading the email.

Doesn’t that just sound so much better than ‘to whom it may concern’?

Establish a connection

Figure out how to establish a connection with someone you’ve never met before. I did this on my email by advising that our company has been a long-time partner with the acquirer company as well as another sister company.

This established the possibility of being trusted. Remember, I still have to deliver and won’t be fully trusted until I do business with them and exceed their expectations.

Tip: don’t work to meet your customers needs. Work to exceed your customers expectations.

Make yourself known

Let your prospect know who you are, as well as a little bit about your responsibilities in your company.

Remember, you’re a stranger to your prospect. Giving them a little bit of background lets them know what type of value and commitment you are able to provide to them and their team.

Demonstrate a willingness to help

People are more inclined to work with people who put their customers first. Demonstrating a willingness to help shows you’re:

  • a team player
  • committed to seeing a project through
  • customer-oriented
  • reliable and confident in your work

I did this on my email by making myself available to my prospect at their convenience.

Use a professional signature

Your signature should be clear and easy to understand and read. There’s no need to personalize it with dated script or flashing banners. Often times this comes off as spam.

My email has a headshot image along with my contact information. By personalizing my signature with a headshot, it lets my prospects know who they’re communicating with.

People like to do business with people, not with logos or company names.

When you’re cold emailing prospects you’re going to want to make a great first impression. Your signature is the icing on the cake. It’s the dessert after dinner. It’s the farewell after a meeting.

Your signature should contain the following:

  • Headshot image
  • Your name
  • Company name
  • Your title
  • Contact number
  • Address
  • High quality art linking to your website or social media

This information tells your prospect exactly who you are and what company will be doing business with them very soon. They have easy access to your address and number. If they want to explore a little more then they can click on your website or social media link for an in-depth look and insight of your company.

#3. Get Remembered

There’s someone else like you targeting your prospects for their business. But not exactly like you, right? You’re different, you want it more. So get remembered.

Wow your prospects with your demeaner and willingness to help. You already know that no one out there can service them like you can. All you need is ONE opportunity. One opportunity to prove there’s no one like you out there.

Cold emailing prospects is an attempt to get them to look at you. Strategize how you can make that happen. Be honest, never sell yourself short, and genuinely strive to make some else’s lives better.

Read: Cold Emails VS Cold Calls: Which Gets Better Results?

Advice for retaining your clients

client retention
franknez.com

Since we’re talking about emails, my best advice for you is to get remembered on every email. Once you’ve turned a prospect into a client, keep getting remembered. Each email should leave the client thinking about how much value they get from working with you.

This can easily be accomplished by:

  • Being courteous and thankful
  • Responding to emails quickly
  • Overcommunicating
  • Making work easier for them
  • Using exclamation marks to demonstrate a great attitude (e.g. absolutely!)
  • Closing emails on kind terms (e.g. have a great weekend, enjoy your time off, etc.)
  • Overall presenting exceptional customer care

Cold emailing prospects is about strategizing so don’t get frustrated if your emails are not being responded to. Get creative to see how you can tweak your emails to eventually receive a response.

Tip: Leave a great impression every single time, just like when you first began cold emailing prospects.

For more on client retention, read 6 Amazing Strategies For Retaining Your Best Clients

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5 Easy Ways You Can Earn Leveraged Income: Start Now

5 easy ways you can earn leveraged income
Franknez.com

Leveraged income is probably one of the best incomes you can have. You essential create something once and get paid for it multiple times! Guys, this is how you can end up generating what Dan Lok calls F.U. money. This type of passive income is what’s going to set you free. Here are 5 ways you can earn leveraged income.

Franknez.com leveraged income

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

There are 3 Types of Income

There are three main types of income, all of which require different resources in order to move them.

  1. Linear Income – The first is linear income, which is the type of income most people have. It’s where the resource you trade for money is your time. This is your typical 9-5 job, freelance, etc.
  2. Passive Income – Passive income is money generated through investments. This can be income from a high interest CD or savings account. It can also be in the form of dividends paid out from shares of stocks. Passive income may also be generated from rental income if you own property. The resource required for this type of income is capital.
  3. Leveraged Income – And finally, there’s leveraged income. Enough leveraged income and you no longer have to rely on linear income to pay your bills. Leveraged income is earned by creating something once and getting paid continuously for it. You’ll need an audience in order to make the most out of this type of income.

If your goal is to become wealthy, you need to get rid of your linear income. This income is holding you back more than you know. Why work 8 hours for someone else when you can use 8 hours of your day to work on growing your own business.

How can I escape my 9-5 job?

escape your 9-5

Escaping your 9-5 is going to require a lot of work on your part but it is certainly possible. You’ll need to pick up a side hustle while you’re employed. You can also choose to start your own business or follow an art project.

Once you’ve chosen what you’d like to pursue, work on this idea every day after work.

When I learned that Elon Musk and Steve Jobs all had the same hours in a day as I do, I really started using my time wisely.

Figure out how to earn money outside of your job so you’re not 100% dependent on your linear income.

Start setting yourself up for passive income

One way I started was by setting myself up for passive income. I then downloaded the app Mint by Intuit to track my net worth. It gradually went from $6K to $10K and so on.

I began putting money in stocks and in a high yield savings account where my money would do something. Rather than have it collect dust I figured I’d put it to use.

When I saw returns I let go of fear that was holding me stuck to the 9-5. If you aren’t investing in the stock market yet click on the investing tab at the top of the page or bookmark the post here.

I share my personal stock picks over at the Patreon. If you join, you’ll get access to updates when I sell or buy a specific stock.

Once you’ve begun to earn some money from passive income look towards creating an asset that can provide you with leverage income. There are many ways you can do this.

Leverage Income Ideas

Now that you have a better understanding of the 3 main types of income, here are 5 great ways you can start to earn leveraged income.

#1. Publish a Book

If you love to write, publishing a book can be a great way for you to plant a seed for the future. Publishing a book has never been easier.

By writing a book or an e-book in my case, you can put out in the market and receive earning from every person who purchases it.

I wrote my e-book “Reaching The $10K Mark” before really knowing that this was a form of leverage income.

Reaching The $10K Mark - Sales

I wanted to write a piece of content that would allow me to connect with my readers. This e-book is about the struggles in sales.

In this story, I break down how I started in my sales career and set goals only to fail countless times over. But I never gave up. This inspiring e-book resonates with anyone who knows what it feels like to get pushed ashore by constant hitting waves.

Whether you publish a book or an eBook for that matter, you can earn leveraged income from royalties every time someone purchases your book. If you love to write, consider joining a community of writers who share your enthusiasm and passion. Network with them and begin to build a following based on your thoughts, expertise, and creativity.

Where can I publish an e-book?

You can self-publish your own e-book through Amazons KDP program.

Here you can upload your PDF format book and very own cover. It’s super easy to manage. You can check how many people have purchased your book and even how many people enrolled in Amazon’s Kindle Unlimited have read your pages.

Reaching the 10k mark franknez.com

You can find “How To Reach The $10K Mark: How Perseverance Overrides Adversity” on Amazon here.

Do I get paid if people read my pages but don’t buy my book?

Yup! Amazon pays its authors when their Amazon Kindle Unlimited members read up to a certain amount of pages. So even if your book isn’t selling, you still have an opportunity to earn money from members reading your book online.

How to reach the $10K mark
franknez.com

Writing my own e-book has been an amazing part of my journey. I wanted to provide my readers with real in-depth and honest value.

Reaching The $10K Mark is a book about never giving up. If you’re in the mood for a short story that will spark a wince of inspiration I suggest you check it out.

#2. Monetize YouTube Content

Another way you can earn leverage income is by creating content on YouTube. YouTube has allowed many people to monetize their videos with advertisement.

Here’s a perfect example of doing the work once and getting paid multiple times for it. A YouTube video can earn you money for many many years.

That’s because people are always finding new videos to watch. By placing ads on your videos, you will get paid as long as people continue to view your content no matter how long it’s been since you uploaded it.

How can I put ads on my videos?

Leverage YouTube views
Franknez.com

YouTube is a great platform to earn leveraged income due to how massive your reach can potentially be. The requirements to monetize your YouTube content is that you earn 1,000 subscribers and generate at least 4,000 hours of watch time.

The key to reaching the requirements simply depends on the quality of your videos and how consistently you upload to your channel.

Once your videos are displaying ads you essentially begin to generate an income no matter where you are in the world. What you’ve done is created a video, and that video now pays you every time someone watches or clicks the ads.

Subscriptions make you earn leveraged income.

This ladies and gentlemen, is the power of leveraged income. It’s the reason why so many YouTubers are making a living from their videos.

Users are making money from all type of videos including:

  • Gaming
  • Cooking
  • DIY Tutorials
  • Time-Lapses
  • Sports
  • Animation
  • Personal finance
  • Commentary
  • Unboxing and Reviewing
  • Reactions
  • Grooming and Beauty
  • Cars and Tech
  • Business
  • Paranormal

YouTube is a platform I eventually want to personally work more on. It’s a great place to share content and provide further value using animation or video.

Is it free to create a YouTube channel?

Yes. It’s absolutely free to create your own YouTube channel. You can upload as many videos as you want, too.

Franknez.com YouTube channel

While my primary focus at the moment is to continue growing my blog, I’m eventually going to push content out on YouTube and grow the community.

Subscribe here to be some of our first and early subscribers!

If you have a channel leave a comment below and we’ll subscribe back!

#3. Leverage Blog Views

There are a variety of ways to earn money from blogging with ads being the most popular. You start to earn leveraged income when your blog posts are displaying ads. Every post you publish has the potential to make a considerable amount of money depending on how big your audience is.

Bluehost blog leverage income with views
Bluehost is the #1 recommended webhost provider by WordPress

Learn how to start a blog here.

Just like publishing a book, you only have to write a blog post once for it to rank and reach a massive audience. Now, this is not saying you don’t have to publish consistently. If that were the case, you wouldn’t even be eligible to monetize in the first place.

Blogging is on this list due to the possibility of writing a post and earning money for only writing on that topic once.

Blogging ideas for 2021

Blogging with Bluehost leverage income ideas
  • Travel
  • Food & recipe
  • Entertainment & news
  • Automotive
  • Health & well being
  • Fashion & makeup
  • Technology
  • Finance & business
  • Product reviews
  • Paranormal / metaphysical

People are blogging about just anything. If you love to write then blogging can be a great way platform for you to provide value.

If you’re an expert in an area or simply have a lot of knowledge about a specific thing then blogging might be a great way for you to earn leveraged income.

Reasons why you need to start blogging today

I personally believe everyone should start their own blog. A blog can provide you with a lifestyle like no other. Here’s a small list of key reasons why more people should start today:

  1. You have some sort of skill or expertise to share with the world
  2. Your knowledge can answer people’s questions and help them grow
  3. You can monetize your blog with ads and get paid passively every month
  4. Blogging allows you to express your thoughts and opinions
  5. Get paid on the move, while you travel, and while you sleep

How can I place ads on my blog to begin earning leveraged income?

You can place ads on your blog through Google AdSense. It personally took me about a month of blogging to get my blog approved and start displaying ads.

Google AdSense leverage income with ads

I do have to say though, Google AdSense rejected my blog about 6 times! Don’t let this discourage you. Google AdSense lets you know what you have to work on in order to get approved. You might not even get rejected as many times as I was!

How much money can my blog earn with Google AdSense?

Like YouTube, who is also powered by Google AdSense, earnings highly depend on the traffic you bring to your content.

leverage income with blog views

To put things into perspective, some of my posts are generating a few bucks while others are generating over $100 per week.

Good thing Franknez.com has posts on how to help you improve your blog and gain traffic. You can actually see your potential annual revenue on Google AdSense home page.

How often does Google AdSense pay you?

You will need to reach $100 in ad revenue to qualify for your payout. Once you do reach your minimum, you will be paid the following month.

So if you earn $400 in one month, those earning will be direct deposited one month after.

Can I choose how many ads are displayed?

Yup! Google AdSense has a control where you can manage whether a few ads are displayed on your blog or whether you want a lot to show. I personally have a balanced display so that my readers can still enjoy my content.

Read: 10 easy ways to exponentially increase blog traffic

#4. Leverage Artistic Skills

Ever wonder why Kanye West makes more money than the president of the United States? Or maybe why athletes make significantly more money than a doctor? That’s because the president of the United States and doctors all earn linear income.

Presidents and doctors trade their time for money while artists and athletes earn leveraged income through royalties from their craft.

Earn Leveraged Income With Music and Art

Songs are a massive way artists and musicians can use leverage. They do this through the number of followers and fans they’ve accumulated.

One song can earn an artist hundreds if not thousands of dollars from just streams. Independent artists can do this too.

Can independent artists make money from streams as well?

Yes. All independent artists need is to upload their music through a music distributer. A music distributor will then take care of putting your content out on Spotify, Apple Music, iHeartRadio, Tidal, and other major platforms.

How can I get my music on all major platforms?

DistroKid leverage income

Independent artists can use DistroKid. DistroKid is the easiest way for artists and musicians to get streamed on the biggest music platforms and getting your music on Instagram stories and on TikTok.

Once your music is distributed throughout Spotify and Apple Music, you will start getting paid as soon as people begin listening to your music.

If you’ve been uploading you tunes to SoundCloud, Reverbnation, or YouTube, this is the next step. You’re already getting plays on those platforms – now start getting paid for them.

How much does it cost to distribute my music?

Distributing your music with DistroKid only costs $19.99/year. This subscription fee allows you to upload unlimited singles and albums throughout the year.

Other competitors charge you per song or album. Luckily, our readers save 7% when they sign up using our affiliate link here.

Music is the perfect leverage income tool

Because music can be played over and over, this makes it the perfect leverage income tool. If you find yourself getting playlisted in large curated playlists, you can earn hundred to thousands of dollars with just one track!

Now imagine you put out a demo or an entire album.. yup. That’s the power of leverage income.

#5. Automate a Product / Service

You can create a product or service that people can continuously download and buy and earn leveraged income that way.

Here’s a perfect example: Andrei Jikh, a personal finance youtuber, created a spreadsheet that tracks the performance and changes of your stocks in the market. He created this product once and is now available for anyone to buy and download on his Patreon.

This is just one of many great ways to earn leveraged income through the use of a product or service.

You can also create and sell exclusive courses on your website or blog. Entrepreneurs are selling courses on marketing, social media, content creating, sales, and wealth building.

earn leveraged income with fiverr

Ever heard of Fiverr?

Fiverr lets you teach all sort of things online. People are using Fiverr to teach others how to speak a different language, providing DIY videos, teaching people about animation, and so much more!

You can essentially create one time videos or episodes and sell them to people seeking help or answers to their questions. You can sell these multiple times just from creating them once!

Is Fiverr free to use?

You can create your Fiverr account for free and begin using other peoples services or start selling yours!

The way you can use Fiverr to leverage income is by creating a video or template that others can guide themselves from. You can literally sell the same marketing templates to multiple businesses looking for what you have to offer.

What’s Stopping You From Earning Leveraged Income?

Earn leveraged income

If you’re serious about earning money in your sleep then you’ll need to start to earn leveraged income, which is a form of passive income only better.

For you to accomplish monetizing online you’ll need to treat every platform and venture as a business. Create your online business sooner than later because it will take time to build an audience and for monetization to really pay off. The sooner you start this process the sooner your online business will bear fruit.

Trending: Is It Too Late To Get In On AMC Stock?

I’d Love to Hear From You!

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Let me know in the comments section below what you’re doing to earn leveraged income or how you would like to earn leveraged income. More ways on how to earn leveraged income coming soon!

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Wanda’s Out But Here Are The Biggest Institutional Investors Buying AMC

Wanda is out but here are the biggest institutional investors buying AMC stock

AMC’s biggest stakeholder Wanda just sold all but 10,000 shares of stock netting $426.7 million dollars. Wanda Group owns the largest movie theater chain in China. Retail investors are curious how this affects AMC Entertainments bull run.

It seems that the media has once again shed light on what appears to be negative sentiment in AMC Entertainment. But what if I told you Wanda only owning 0.002% in stake isn’t a bad thing? See, Wanda contributed largely to AMC’s share price from surpassing $14 due to selloffs.

Perhaps now retail investors will begin to see AMC’s stock break $15.

franknez.com AMC

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

AMC Entertainment and Wanda’s relationship

Despite this selloff, Wanda Group and AMC Entertainment continue to have a mutual and tremendous respect for one another. In a recent interview Adam Aron advises China’s policies require international investors to allocate their investments towards domestic companies in order to grow their economy.

With Wanda Group out of the picture, retail investors now own majority of AMC Entertainment stock.

Adam Aron AMC

“These individual investors likely own a majority of our shares, they own AMC. We work for them. I work for them. By definition, their interests and passions are important to AMC, their ambitions and passions are important to me.”

Adam Aron

AMC Institutional Owners

One thing that’s mind boggling to me is why no one is talking about AMC major institutional shareholders. These institutions keep buying the stock!

If we saw headlines such as “INSTITUTION increases position in AMC by x percent” the sentiment would draw more retail investors in wouldn’t you agree? However, hedge fund partners and affiliates don’t want that. AMC Entertainment continues to be the most shorted stock in the market and retail investors continue to hold for a short squeeze.

Wanda Group may be out but here are the biggest institutional investors buying AMC Entertainment stock right now.

Read: How do hedge funds manipulate the stock market?

#1. Vanguard Group Inc.

Vanguard Group Inc institutional investor buying AMC Entertainment stock
Vanguard – institutional investors buying AMC Entertainment stock

The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania with about $6.2 trillion in global assets. Vanguard’s top holdings are in Apple, Microsoft, Amazon, Facebook, and Google.

Their ownership in AMC Entertainment is around 8.22% which is equivalent to a whopping 36,996,803 shares. Vanguard is AMC Entertainments biggest institutional investor as of May 23rd, 2021.

Vanguard has been bulking up with AMC Entertainment stock since the beginning of the Reddit phenomenon. My guess is they don’t want to miss out on what’s coming.

Vanguard Stay The Course Tweet AMC

#2. BlackRock Inc.

AMC Entertainment Institutional buyers BlackRock, Inc.
Institutional investors buying AMC Entertainment stock

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager. They hold $8.67 trillion in assets.

Like Vanguard, BlackRock’s top holdings are also in Apple, Microsoft, Amazon, Facebook, and Google.

BlackRock’s owner ship in AMC is 5.45% or 24,551,774 shares. They are AMC Entertainment’s second biggest institutional investor. Like Vanguard, BlackRock has been adding to their position for months now.

Both Vanguard and BlackRock have been adding largely to their position in AMC Entertainment.

#3. Invesco Capital Management LLC

Invesco Capital Management LLC
Institutional investors buying AMC stock

Invesco PowerShares Capital Management LLC operates as a wealth management firm. The Company offers investment advisory, retirement planning, and portfolio management services. Invesco PowerShares Capital Management serves customers worldwide.

Invesco’s top holdings are in McCormick & Co. Inc., Air Products & Chemicals Inc., Intel Corporation, International Flavors & Fragrances, Inc., and Johnson & Johnson.

Invesco’s stake in AMC Entertainment is 1.48% , or 6.6 million shares. This amount is equivalent to $66, 692, 730.

#4. SSGA Funds Management

SSGA Funds Management

SSgA Funds Management, Inc. operates as an investment firm. The Company provides portfolio management, financial planning, and investment advisory services. SSgA Funds Management serves clients globally.

Their stake in AMC is 1.45%. SSGA owns 6.5 million shares of AMC Entertainment which is equivalent to $65,562,710.

SSGA is a hedge fund that is long in AMC Entertainment stock.

#5. Geode Capital Management LLC

Geode Capital Management LLC

Geode Capital Management, LLC is an American Investment Management firm based in Boston, Massachusetts. They hold approximately $719 billion dollars in assets.

Like Vanguard and Blackrock, their top holdings are in Apple, Microsoft, Amazon, Facebook, and Google.

They hold a 1.38% stake in AMC Entertainment. Their 6.2 million shares are valued at $62,374,514.

AMC Entertainment’s top 10 institutional holders

  1. The Vanguard Group, Inc.
  2. BlackRock Fund Advisors
  3. Invesco Capital Management LLC
  4. SSgA Funds Management, Inc.
  5. Geode Capital Management LLC
  6. Susquehanna Financial Group LLLP
  7. Northern Trust Investments, Inc.
  8. Charles Schwab Investment Management, Inc.
  9. BlackRock Investment Management, Inc.
  10. BlackRock Advisors LLC
Top 10 owners of AMC Entertainment holdings inc

List provided to you via CNN Business.

Retail investors should not be concerned about Wanda Groups departure. There are several institutional investors that continue to add to their position in AMC Entertainment.

How much AMC stock do retail investors own?

According to Fidelity, retail investors own approximately 63.9% of AMC Entertainment’s float.

To put things into perspective, about 40% of retail investors own Apple stock and 33% own Tesla stock.

With more retail investors buying AMC stock, the percentage of owners is going to continue to go up.

Latest institutional buyers in AMC Entertainment

Latest institutional buying AMC stock
Latest institutional buyers in AMC stock, via MarketBeat

The chart above shows the latest reporting dates of institutional buyers getting in on AMC Entertainment stock.

You can see the latest institutions buying AMC stock are holding tens of thousands to hundreds of thousands of shares.

Morgan Stanley has a position in AMC Entertainment with a market value of $9.78 million dollars! At this point any FUD (fear, uncertainty, doubt) should be completely off the table regarding Wanda Group selling their stake in AMC.

AMC Entertainment stock is a heavy buy.

Community

Don’t forget to give this post a social share and keep the community informed. These articles are published to fight hedge fund affiliates spreading FUD in the community. Without you these articles don’t mean anything.

If you’re on Twitter, Facebook, or Instagram be sure to connect with me there. You can also join our Discord community here. This community is a safe place for you to share your thoughts on AMC and conversate with other apes and retail investors.

AMC with Franknez.com Discord

Read: Here’s why people are buying AMC Entertainment stock

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How To Handle an Upset Client About to Leave

Complications occur, don’t beat yourself up for it. How you manage the scenario is extremely important though. Delegating with an upset client is troubling and can even be scary in some cases. We find ourselves wondering whether we’ll be able to retain the client or not. I’ve had my fair share of dealing with upset clients. I’ve learned a lot from these experiences. Here’s how to handle an upset client that’s on the verge of leaving your business.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

We work extremely hard to earn new business. The last thing we want as a sales rep or business owner is to lose a client. Our clients are the vitality to our businesses and allow us to live the way we do. We construct relationships with our clients, we share great moments, and appreciate each other. Unfortunately, there comes a day when things don’t go according to plan.

It’s simply part of the process whether it was a complete accident or things were out of your control. It is important that you listen to your client, remain calm, and assess the situation. Lets dive deeper into ways you can continue to make your client happy during an episode of distress.

Don’t forget to subscribe to our newsletter to be notified when new posts are published!

Listen To Your Upset Client

When you come across any complications be sure to first listen to your upset client. It is very important that you hear what they have to say and let them get their concerns across. Validate their feelings. Let them know you understand their frustrations.

Tip: Do NOT avoid confrontation

Do not avoid confrontation. Suck it up, step up, and listen to your client. There’s no way around it. You’ll eventually need to hear them out. Pushing them to the side or avoiding confrontation will only make matters worse. Be sure to address the issue(s) immediately.

Do Not React, Remain Calm

Keep calm when a client is upset

Keep your cool. Do not escalate the situation by reacting. Put yourself in your clients perspective. Often times reacting can lead to making the situation worse. Keep it professional and allow your client to vent their frustrations. It’s only human nature after all. What matters is that you keep calm and remember to keep that awesome customer experience.

Tip: Show willingness to help in any way possible.

Don’t Take It Personally

Don’t take any heat too personal. Business is business. Separate your personal feelings for a moment and see beyond the relationship. It is import you understand how the situation is affecting others.

The way you present yourself during a downturn shows your true character. Sometimes we find ourselves dwelling on our mistakes or thinking what if. Don’t be hard on yourself either. We must conquer these obstacles and persevere through such challenges.

Gather The Facts & Ask Questions

Before proceeding with anything, gather the facts. Address your clients concerns by pulling up concrete evidence regarding the arising issue(s). Assure your client you will be looking into the matter immediately. Ask them questions regarding your concerns. Address your team and ask them questions regarding the situation.

It’s important that you have information at hand that will help you navigate towards finding a solution.

Present A Solution To Your Upset Client

Solve Solutions When Your Client Is Upset

The most important way to deal with an upset client is by coming to a diplomatic agreement and presenting a solution. Ask yourself how you can fix your clients problem. How can you bring them balance and peace again?

The solution will determine the longevity of the client. Whether you come short will deeply impact the relationship. Seek long-term investment. Do what you have to do in order to keep the client happy and a returning partner.

Use this downturn as an opportunity to present your problem solving skills. Allow your client to witness how you take care of them in a time of dire need. This is where you will want to go above and beyond in order to ensure the client continues to do business with you.

Tip: The solution must meet the clients vision. Make it happen.

Read: These Are The BEST Strategies To Increase Your Sales

Never Disregard Your Upset Clients Needs

The moment you disregard your clients needs is the moment you set yourself up for failure. You will regret your decision not do something about it years down the road when your sales are not performing well.

Disregarding your clients needs has such a negative effect on your business because it presents you don’t have what it takes to serve or find solutions. Running a business or having a career in sales in general, requires us to creatively find solutions within our industry in order to succeed and stand out from our competition.

When I had challenges, it taught me to be more on top of it for the future. Things go wrong all the time when you are running your own business, but it’s how you perceive it and deal with it that matters.

Lori Greiner (Shark Tank)

Read: How To Start An Online Business In 2020!

Learn From Every Experience

Don’t let small downturns affect your ability to perform well in your industry. Learn from every experience instead and evolve from every situation. You become a better problem solver when you learn from your experiences and also develop new strategies that can help prevent discrepancies in the first place.

Don’t get proud, this is the time to take the “L”. No matter if the situation was or wasn’t in your control. Grant Cardone says, “Always assume control of every situation”, so always take full responsibility.

The Aftermath

Business teamwork – work with your client

Be there throughout the entire process. Guide your client through every step of the way and demonstrate you support their initial cause and needs. We’ve found that there are times where you can really prove yourself and earn an amount of trust from a client when you recuperate from your losses.

A client can really admire you from taking definitive action and pulling them out of a situation. Having a great attitude, great communication skill, and a definitive solution is key to dealing with an upset client.

Read: 6 Amazing Strategies To Retain Your Best Clients

Let me know your experience dealing with an upset client. Share your experiences on the comments section below!

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