Small Business Tips: How to grow your small business.
Building a small business means working round the clock. No realvacations, no time offs, and no dumping the responsibility over someone else’s shoulder.
We’re not sure why you chose the grind.
But now that you have, we’d like to congratulate you.
You’ve made a bold move because only 5% of the world’s population chooses entrepreneurship.
It’s surely a tough journey.
But if you do it right, it’s just as rewarding.
In this post, we will cover 6 tips that can help ease your early days and help you lay a strong, unshakeable foundation to grow your business successfully.
1. Know that you’re running a small business, not a one-person business
How to grow a small business
Speaking of 2022, one of the most common mistakes people make when they begin a small business is that they assume they have to do it all on their own.
They do so with the intent of saving more and having complete control.
That’s a destructive approach unless you’re running a one-person business.
Finances, marketing, product management, customer service, and resource management are all different and demanding domains.
If you hold yourself responsible for everything, there’s a high chance you’re going to mess things up and burn yourself out.
Consequently, you may lose your existing customers, waste investments, and lose health.
Your business will suffer instead of growing.
So, one of the first things you should do when trying to grow a small business is to accept that you need help and build a team to help with your business goals.
While this is a viable option, it’s not the only one and definitely not the smartest in the long term.
Small business growth hacking is all about minimizing risks.
So, instead of taking on additional debt, consider these financial options:
Crowdfunding: This is a great option if you have a solid product/service and an audience that’s willing to invest in your business.
Family and friends: You can always approach your loved ones for financial help. Just make sure you have a proper structure in place and treat it like a business deal by creating contracts, specifying interest rates (if any), and having a clear repayment plan.
Grants: Check with the government or other organizations for business grants that you may be eligible for.
3. Aim for a small, dedicated, and resourceful team
If you’ve been smart enough to realize the need for teamwork in growing your business, there’s another common mistake you need to look out for — building a big team.
And we mean that both in terms of quality and quantity.
You don’t need to hire big names (i.e., the best professionals in the industry), and you don’t need to hire a lot of people.
Instead, consider hiring only a handful of energized people. Prioritize soft skills, field knowledge, and professionalism over field experience.
If they’re good at learning and have a dedicated drive to work, they can help you make your business a success.
Remember, you can teach technical skills, but you cannot teach soft skills. If the person is skilled at what they do but not dedicated to work, they can only keep your business running.
They’ll never help you grow it because they won’t be interested in going the extra mile. So, look for people with the right drive.
Also, initially, it’s a good idea to hire someone who can take care of 2-3 roles instead of one. The smaller your team, the better you’ll be able to communicate and innovate.
4. Build a strong online presence
How to help a small business grow.
Digital presence is a great opportunity for any business in the 21st century.
Even if your target audience lives in your vicinity, it’s essential to establish a website and maintain active social media pages.
Why? Because:
It builds credibility and helps you become an authority in the industry
It eases customer experience as they can approach you without leaving their home
It serves as a gateway to potential partnerships and investments
And the best part?
It’s much cheaper than physical advertisements.
You can begin marketing your business on Twitter, Instagram, Facebook, and YouTube simply by creating and sharing relevant content for your target audience without any substantial investment.
You can also try to create video content as it has taken over the internet. In a variety of settings, videos may captivate and involve your target audience.
There are options to create interesting short reels and upload full-length videos on well-known social media platforms.
Using any online video editing software, you may create and edit persuasive and appealing videos for your audience and attract the right kind of consumer attention.
Here are some easy marketing hacks to help kick-start your small business’s online growth.
Blogs are also a part of your online presence. But if we were to recommend one aspect of digital marketing that can boost your small business’s growth by leaps and bounds, it would be blogging.
How so? Well, blogs help you build customer relationships and generate leads.
Basically, people read blogs to learn something new. When you share bits of your business and educate them about subjects relevant to your product/service, it helps them trust you and regard you as an authority.
It also helps them view you as an approachable and customer-friendly entity when they interact via comments or emails.
Plus, if you link your blog with an analytics tool, you can monitor the traffic and get some very useful data to generate leads. You can further narrow down your target audience or market your service/product to them via email marketing.
Now, blogging need not be on websites only. You can maintain a blog wherever you’re likely to find the majority of your audience. If you target other business owners or CEOs, it’s a good idea to maintain a blog on LinkedIn.
Plus, this approach is highly resource effective. It takes only about 30 minutes to share something valuable with your target audience (no need to go fancy, use free tools like Canva to design graphics and pair them with value-adding content).
If you’re blogging on a social channel like LinkedIn, you will have minimal platform costs. And if you have a website, you’ll only have to pay around $20 – $60 monthly.
Did you know that every day you procrastinate starting your online business it’s affecting you?
Yup, that vision you keep seeing for yourself and your family gets further from you when you don’t start.
But it’s not too late!
I’m going to answer all the questions you might have regarding starting an online business for the first time.
A few of the basics including what type of online business you should start, how to scale it, and what makes an online business successful.
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!
A little bit of background before I break this down.
I left my 9-5 working for the family business in order to start my own online businesses.
One of them is a hybrid model.
With this business I sell a service and product remotely.
The second online business is 100% online, earns 5-figures per month, and I don’t sell any products or services!
This is the type of business most of you might want.
And I’m going to break down step by step how you can do this too.
Key Points and Questions
Where and how to start an online business
Online business ideas for beginners
What makes an online business successful
How to scale an online business
What type of online business should you start
Why are online businesses popular nowadays
How does an online business work
Why online businesses fail
Can an online business make you rich
Why are Online Businesses Popular Nowadays?
Online businesses are attractive because they tend to provide people with a freedom like no other.
People like you and I are ditching our 9-5s to provide value online and at scale.
Which leads me to the second reason why online businesses are so popular.
An online business will provide you with the freedom to work from home or anywhere else in the world.
If you value the freedom to travel then know that this is what an online business can provide for you.
Travel While You Work
Also known as the laptop lifestyle, traveling while you work requires discipline.
However, the lifestyle provides a freedom working in a desk will never provide.
Notice I said travel while you work not work while you travel.
That’s because life changes when you get your freedom back.
You’re technically working all the time while enjoying your surrounding freedom.
The first taste I got from the laptop lifestyle is when I went on vacation to Rocky Point while working a sales commission job.
And even though I was on vacation, I still had obligations for my clients.
We were in this beautiful luxury apartment with a stunning view of the resort and ocean.
That day we arrived I had emails to answer and clients to call back.
Keep in mind at that time I was managing my clients from an office.
That’s when I first discovered this freedom.
Here’s a picture of my son Frankie chillin as we unpacked food in the apartment.
I knew that if I wanted a life like this, I would need my online businesses to out-earn my salary.
That’s not how it happened though, I took the leap and eventually went all in.
More on that later!
Scalability Skyrockets Your Income
So not only do you get your time back but you have the advantage of earning a ton of money with an online business.
The reason being is that most online businesses can be scaled MASSIVELY.
Online businesses can all be scaled very differently.
Some are easier and quicker than others while a few businesses do take more time.
Now, just because some online businesses are easier and quicker to scale, it doesn’t mean they don’t require a lot of hard work and attention to detail.
An online business is still a very real business.
Your new business will require you to put your real life skills to work in order to manifest your career goals and that dream life.
Online businesses are the reason why you see and hear about a lot of younger people earning 6-figures per year just from their laptop.
I’ll get more in depth on how you can scale your online business a little later.
Here’s how you start.
How Do You Start an Online Business?
How do you start an online business, right? Where can you start an online business?
These questions usually leave beginners a little mind boggled.
How exactly do you turn nothing into something?
The answer is actually quite simple.
You’ll need a website or online platform to use depending on your niche and type of business you’d like to create.
Your website will be your foundation to your entire online business model.
It doesn’t matter what type of online business you create, but you’ll need either a website or platform to begin.
I would personally avoid a free website like WIX only because it will not provide you with the tools necessary to scale.
The purpose of an online business is to scale it enough to provide you with the financial freedom you deserve.
So, for starters, I recommend building your own site using Bluehost.
It’s very easy to use but if you don’t want to spend the time personalizing your own site you can always pay a few hundred to thousand dollars to a professional who will use the same platform.
What type of online business models require either a website or platform to begin?
If you are interested in the following, you will need a website:
Blogging
Providing online services and consultation
Reviewing products
If you prefer the following, you’ll need a platform:
Selling a product
Entertaining
Visually informing or training
It may not seem like a ton of options but believe me there are many niches within each of these categories.
How does an online business work?
An online business provides value online, and you get compensated online.
Your online business will earn money depending on what type of service you provide.
You will get paid depending on how your online business is monetized.
I’m going to go over this more in detail down below.
What Online Business should I start?
The online business you start is going to depend on these 5 major key points.
Ask yourself:
Would you rather provide a service, provide information, or sell a product?
Are you looking for a more hands-on experience or more virtual experience?
Do you want to earn money per project or passively?
Will your startup require a lot of capital, or very little to no capital?
How important is mass scalability to you?
By answering these 5 questions, you’ll have a grasp on what type of online business you’d like to create.
Below you will find a number of online business ideas that will help you identify which model aligns with your needs.
Online Business ideas for beginners
I’m going to break down all the things you can do with these online business models.
Your personality and intuition will naturally gravitate towards a specific idea.
Blogging
This is a writer lovers paradise.
Blogging allows you to share your experience, knowledge, and stories at massive scale.
What makes blogging an attractive online business model is that just about anyone can provide value to an audience based on a particular niche or subject.
Entrepreneurs are blogging about really just everything!
Here are some blogging topic ideas:
Write about your experience in ‘X Industry’. Maybe you love the industry you work in or are an expert in it. Write about it and answer questions people might have on a variety of subjects pertaining to your industry.
As long as there’s a real interest in it, you can blog about pretty much anything. People are earning money blogging about travel, teacher life, mom or dad life, pet life, college life, automotive, tech, and so much more!
How Do Bloggers Earn Money?
Bloggers earn money through a number of ways.
One is through display advertisements, like the ones you see on my website. T
he second way bloggers earn money is through affiliate programs.
Bloggers can earn a commission for making a sale of certain products or services.
Bloggers may even sell their own products or services online.
How Much Money Do Bloggers Make?
Bloggers can earn 3 to 6-figures per month depending on how you monetize your website.
My website currently earns 5-figures per month.
Scaling your audience is key to scaling your online business.
If starting a blog interests you be sure to read the beginners guide below.
It will walk you step by step on how to start using a self-building website platform called Bluehost.
The process is very easy and only takes minutes to set up.
If you love to travel, you only need to pack up your filming gear and move it with you to produce content no matter where you are.
How Can I Incorporate YouTube With My Niche?
If you’re into tech you can always review products or film unboxing videos.
People love this type of content.
You can then diversify your income by leaving amazon affiliate links to the type of gear you use in the description area of the video.
If your audience loves your channel to the point where they want to support your work they can always become a patron.
My patrons altogether cover most of my website’s monthly expenses.
If you’re a trainer, you could combine the use of YouTube with your website to generate leads.
Not only can you upload content to YouTube, but you can also provide consultation or 1-1 virtual training sessions.
It’s really all about creativity and leveraging these ways of earning money online to benefit and scale your online business.
How to scale an Online Business?
So how exactly do you scale an online business?
Audience is key. You’ll need a lot of eyes on your product, service, or content to scale your online business.
Once you’ve figured out how you’ll be monetizing your online business you’ll need as many people as you can get over to your website.
The more people that see you means the more possibilities you have to earn big money.
#1. Produce quality content
Quality content is going to be the foundation to your online businesses’ success.
People want to consume and buy quality product, services, and content.
Take as much time as you need to ensure your content is superior to that of your competitors.
Forget what they’re doing, just do what you know how to do but do it exquisitely.
Quality content never fails to be noticed, recognized, and appreciated. In fact, quality content has a higher chance of being shared on social media and referred through word of mouth.
Everything on this list can be perfect but if you’re not producing quality content then your online business will not be taken seriously.
Take your time to learn something if you have to or invest in the tools to make your presentation look and feel better for the engaged user.
#2. Search Engine Optimization (SEO)
Search engine optimization is the key to a successful and high ranking website.
You build your SEO by using the correct keywords and building backlinks to your website.
When you’re building your website you’ll want to make sure you’re using keywords that reflect what your online business is offering.
This will give you a higher chance of being found organically on Google, Yahoo, and Bing.
Don’t be discouraged if you aren’t seeing your online business pop up on Google right away.
SEO takes time to build but trust me, Google will automatically start ranking you after a few months of being active online.
Meta description, titles, subheadings
SEO is also heavily influenced by your website or platforms description, titles, subheadings, images, and even what is being vocalized in a video.
The more you stay on topic means the higher chance you’ll have at ranking higher in the organic search and recommended results.
#3. Social media marketing
Scaling your online business is heavily dependent on the use of social media marketing.
You’ll need to identify which social platform best connects with your target audience the best in order to drive traffic to your website or platform.
Get involved in Facebook Groups, relevant Twitter topics, or even network using LinkedIn.
Every niche and every website/platform will connect with a group differently.
Sometimes it takes time to find which will work best for your online business but you must find it.
Sharing your content, service, or product on social media is the first step towards promoting your online business.
Once you’ve worked on your SEO, you’ll want as many people as possible to click on these ‘backlinks’ leading them to your landing page or video.
Google loves backlinks and actually ranks you higher when you have plenty of them which means you need to consistently be sharing content that drives people to your site.
Search engines begin to ignore you if you stop producing content so be consistent.
This is the part of building any type of business whether it’s online or traditional that requires patience.
You cannot expect to produce content once or ten times and start seeing huge results.
It takes time and effort.
Consistency is going to improve your marketing and pitching skills online.
It’s also going to make you produce better content for a bigger audience.
When search engines see your links have been spread around consistently for quite some time, your domain authority begins to climb meaning your visibility also begins to climb.
#5. Brand your online business
The fifth tip to scaling your online business is to brand it.
Branding your business is more than just a logo.
It’s the character of your business, the personality, and the likeability.
Your brand should attract your customers or audience and make them feel like they belong.
Did you know that you can evoke emotion through colors?
When you create an identity, people will remember you and come back for more.
This is how you can get your customers to use your services again, buy another product, or indulge your content every day.
In the beginning, your brand will change from time to time.
This is 100% okay. Branding is about discovery and this takes time.
Your brand will slowly begin to reveal itself to you as you continue to push forward.
What makes an online business successful?
To me personally, an online business is successful when it is able to provide you with a certain freedom a 9-5 can’t.
Whether it be more family time, personal time, recreational time, or even money, it’s different for every individual.
Perhaps you’re making a little less with your online business than you were from your corporate job but at least now you have more time with your family.
I see this as successful.
Maybe you keep scaling it and now you earn your previous salary every month.
I’d say that’s tremendous success.
My online businesses have provided me with the freedom to work from anywhere I please and to earn money in my sleep.
I could work less hours, but my work ethic doesn’t allow me to.
I have to constantly be providing value because as an entrepreneur, nothing is truly every secured and my family’s financial freedom is that important to me.
I make every minute count and I’ll ease off the gas pedal when I reach certain milestones.
Work hard now rest later!
Can an Online Business Make You Rich?
I think you know the answer to that.
Due to how scalable online businesses are they can certainly provide substantial income to by most standards be considered to be wealthy or rich.
They key to your wealth will heavily resonate with the amount of people you’re able to provide value to.
You will become wealthier if your scalable model can reach 1 million people oppose to 100k people.
There is no shortage of people by whom you cannot provide your services to.
It’s a matter of figuring out how to get in front of them.
Everyone is fighting for attention one way or another.
Your job as an entrepreneur is to figure out how to stand out so that your product, service, or content is seen.
The marketplace will then decide whether or not your product, service, or content is worth buying, using, or indulging in.
So, be sure quality is always the first thing in mind when building your online business to provide value at scale.
Why Do Online Businesses Fail?
Like almost anything else in this world, any endeavor will fail once you stop working on it.
It’s really that straight forward.
If the marketplace didn’t react well to your service or product and you quit then you were the reason for the businesses failure.
Instead of tweaking and perfecting your product or service you rendered in self defeat.
Online businesses fail when their owners are defeated by adversity and barriers along the way.
An online business is not worth failing over.
The upside is too valuable.
Write that down in case it ever gets overwhelmingly difficult for you. “An online business is not worth failing over. The upside is too valuable”.
Online Business Courses
Should you attend them?
This is a financial literacy blog and financial literacy says don’t sign up for online business courses when in the end, you end up learning from experience instead.
I didn’t take online business courses, but I did attend a private college and earned my associates degree in business administration.
I was left with $50k in debt and didn’t know how to sell, apply social media marketing, or file taxes for a small business.
You have to understand that any school offering you any online business management degree is scamming you.
They’re a business themselves.
They will teach you theory and give you a good grade for your efforts and presentations.
But they will not teach you how to become a successful entrepreneur. That you learn on the streets.
Online Business School
I’d be lying to you if I didn’t personally look into online business schools after I received my associates degree in order to ‘further my education’.
It wasn’t until I began earning money in a sales position where I learned that there was no need for me to attend an online business school.
Online business school wasn’t for me at this point.
In fact, my business professor wasn’t a very successful entrepreneur. He owned a volleyball team but the startup was a partnership.
And he had given up on it and referenced selling his half to his partner quite often.
Online Business Management Degree
If you’re thinking about getting an online business management degree through an online business school, I would take financial literacy a little bit more seriously.
You can invest the money for your tuition into your startup instead!
The money could go towards gear for that YouTube channel or towards your domain name and website configurations.
There’s so much more you can do with that investment.
An online business management degree will not teach you the real world aspect of running a business or managing people.
Start off small and work for a small business to gain exposure and experience.
Learn the ropes and start with data entry.
I began my journey managing a small team due to my leadership skills, not through my degree.
Start there and see how much further that takes you.
Start Your Online Business Today
Stop procrastinating.
You got this!
Get excited about it and start taking your first steps towards that new life.
That vision you keep seeing is the preview to life’s upcoming attractions.
And if you’re lacking strength to get started then I encourage you to borrow mine.
Making money online has become more and more popular in recent years. And it’s no wonder why!
With the technological advances we’ve seen in recent years, it’s now easier than ever to make money online.
There are various ways you can make money online, and in this article, you will explore the top 13 LEGIT ways to do so.
Let’s begin!
1. Start a Blog
If you’re passionate about a specific topic, starting a blog may be an excellent way to make money online.
You can monetize your blog through advertising, affiliate marketing, or selling digital or physical products.
To be successful, you’ll need to invest time and effort into growing your audience and creating high-quality content.
2. Become an Online Tutor
If you’re looking for a way to make money online, one option you may want to consider is becoming an online tutor.
There are many platforms like Upwork or Guru, where you can offer tutoring services, and many of them are very flexible in terms of scheduling.
If you have expertise in a particular subject area, you can use your skills to help others learn more about the topic and earn money at the same time.
3. Become a Virtual Assistant
Virtual assistants are in high demand, as businesses of all sizes seek efficient remote workers to help with big and small tasks.
Virtual assistants typically handle various administrative tasks, including managing calendars, responding to emails, scheduling appointments, and providing general customer service.
If you have strong administrative and organizational skills, becoming a virtual assistant is an excellent way to make money online.
4. Take Online Surveys
Making money online is not as difficult as you may think. There are many legitimate ways to make money online, and taking online surveys is one of them.
Many companies need your opinion on their products and services, and they are willing to pay you for it.
To make money with online surveys, you will need to find reputable survey companies like Survey Junkie and sign up with them.
Once you are a member of a survey company, you will take surveys and get paid for your opinions!
5. Become a Freelance Writer
One of the best ways to make money online is to become a freelance writer.
Many websites and online magazine publishers are always looking for new and high-quality content.
If you have a knack for writing, becoming a freelance writer can be a great way to earn a steady income while working from home.
6. Sell Handmade Crafts Online
Are you a creative person who loves making things with your hands? If so, selling handmade crafts online could be a great way to make extra money!
There are many different types of crafts that you can sell online, such as jewelry, paintings, knitted items, woodwork, and more.
And the best part is that there are many different platforms you can use to sell your crafts, such as Etsy, eBay, or Amazon.
If you’re looking for a legit way to make money online through art, be sure to check out Gelato’s printing services and start selling your creations today.
7. Start a YouTube Channel
Starting a YouTube channel could be a great way to make money online if you’re creative and have something to share with the world.
You can earn revenue from advertisements, sponsorships, product placement, and selling merchandise and courses.
To get started, create high-quality videos that are entertaining and informative, and focus on topics people are searching for.
8. Become a Data Entry Worker
Data entry is one of the most straightforward options to make money online.
Data entry involves entering information into digital formats, and there is a growing demand for this type of work as more and more businesses move their operations online.
If you have basic computer skills and are comfortable using Microsoft Office or other basic office software, you can start working from home as a data entry worker.
9. Sell Unnecessary Items on eBay
If you have items lying around the house that you no longer need, you can consider selling them on eBay and earn money.
eBay is one of the most popular online marketplaces, and many people make a full-time living by selling products on the site.
To get started, create an account and list your items for sale. Be sure to include clear photos and descriptions, so buyers know what they’re getting.
10. Provide Customer Service
When it comes to making money online, providing customer service is one of the most popular and legitimate ways to do so.
Many companies are always in need of customer service representatives to handle customer inquiries and complaints via phone, email, or live chat.
If you have excellent customer service skills, then this may be the right online money-making opportunity for you.
11. Manage Social Media Accounts
Many businesses and individuals need help managing their social media accounts.
If you have experience in this area and are familiar with popular social media platforms like Facebook, Twitter, and Instagram, then this could be a great online money-making opportunity for you.
12. Become a Translator
If you know one and more languages fluently, you can consider becoming a translator.
There is a growing demand for translators as more and more businesses expand their reach to global audiences.
This can be a perfect way to get started in the translation industry, build up your portfolio while working from home and generate extra income.
To excel in the competitive field of translation, it’s crucial to gain Spanish proficiency through high-quality online courses that cater specifically to your learning needs.
13. Become a Transcriber
Transcribing is one of the easiest and most popular ways to make money online.
A transcriber’s job is to listen to audio files and convert them into written text.
If you have good listening skills and are comfortable using a computer, you can start working as a transcriber from home.
Bring in a Steady Stream of Income!
So, there you have it, 13 legit ways to make money online in 2022.
While some of these methods require a bit more work than others, all of them can help you generate an income if done correctly.
I’m going to go over 3 different ways I’ve done it to provide you with insight and value so you can do it too.
I never had any mentorship when achieving these goals, so I feel very happy being able to share my story with you.
Make sure to subscribe to the blog for more articles like this.
Welcome to Franknez.com – today we’re discussing what it’s going to take to earn your very first 6-figures. Here’s how I did it and how you can do it too.
Let’s get started!
My First 6-Figures Story (Family Business)
How I earned my first 6-figures
I’m going to be as brief as I can while still providing you with value and knowledge.
Earning my first 6-figures were the hardest.
The first time I earned 6-figures was as an intrapreneur within the family business.
I had a sales position role I took on straight out of college.
The year was 2015 and it was the most intimidating thing I had ever done at that point of my life.
I’ll never forget how I felt receiving my very first PO, it was around $40 or so and I remember thinking, “wow, this purchase order is money”.
I took on the sales role because I was certain of two things.
I wanted to make a lot of money
People in sales made a lot of money
And although it was extremely uncomfortable, I wanted to take on the challenge so that I could live the lifestyle that I wanted to live.
This chapter of my life was very challenging and pact with rejection after rejection.
When you do sales for a company, you put yourself in front of rejection every day to earn the opportunity to work another company.
I did this for 4 years straight before closing the year with 6-figures in sales for the very first time.
Year 5 was another 6-figure year in sales, although I didn’t earn that in income, and year 6 would have been my third year earning 6-figures too.
But I had left the family business to pursue my own business ventures and create the life I’ve always intended on living.
I’m actually drafting my second eBook to help those in family businesses identify when it’s time to leave the family business, especially if the environment becomes toxic.
Something I kept in mind was that if I could make someone else’s business 6-figures per year, then I could do it for myself and my family too.
The Second Way I Earned 6-Figures Was with Stocks
Earning 6-figures with stock investing
I am going in chronological order to help you understand a little bit about my background and my story.
I’ve always had a dream of making a lot of money and living life on my own terms.
When I became aware I wasn’t going to become affluent working for someone else, I decided to take action and invest in myself by accumulating a lot of knowledge online.
Though I didn’t have any mentors in person, I did have mentors online, at least that’s what I’ve always considered them to be.
I consumed content from a variety of successful and wealthy people and took the most valuable things from them to mold my own character.
Learning how to invest in stocks was so intimidating because no one was showing you how to do it.
Every article I read online was so dated and full of mumbo jumbo jargon.
Without hesitation, I opened my broker account with Vanguard, deposited my first $20, and made my first investment two months later after that deposit.
Why Invest in Stocks?
The year was 2019 when I made my first investment in the stock market.
I’ve always wanted to invest in the stock market because unlike a high yield savings account, it earned a lot more returns annually.
I was deep into financial literacy and was learning as much as I could about making money, managing it, and multiplying it.
So naturally stocks came to mind.
In fact, I’ve wanted to invest in stocks ever since one of my finance professors from college advised he did.
Old man was a gatekeeper though, he had absolutely no regard for showing us how to start!
So, with that in mind, I decided to launch Franknez.com to show people what I was doing to make, manage, and multiply my money.
This is not a website for financial advice, it’s a website for insight, perspective, and self-education.
The first time I saw 6-figures in stocks was during the summer of 2021 when momentum stocks were up, and my long-term stocks were very healthy.
I understand that in the beginning it’s difficult putting money away, and it’s even more difficult investing it.
Learn to let go of the money so that it can go out and bring back some more.
I’ve found that it’s very important to take calculated risks in life.
The third way I’ve earned 6-figures is by reaching millions of people online via my blog.
I’m beginning my third-year blogging in 2022 and am excited to provide even more value to the communities I serve online.
There’s content on my blog for:
New bloggers
Entrepreneurs
Stock investors
Crypto investors
& Financial literacy seekers
I’ve written a ton of content to help people either gain insight to reach a new level, or digest content on important information that will help them improve their finances one way or another.
While I do blog for a living, I also run a 5-figure advertising agency that I’m working towards getting to 6-figures.
It’s all been extremely challenging and has taken time.
Excluding stock investing, earning 6-figures for any business or platform will require you to provide a lot of value to the receiver.
Reach For More!
Earning 6-figures might sound like a dream come true, but in all honesty it’s only one steppingstone towards a greater and much more prosperous future.
6-figures shouldn’t be the goal, but rather be seen as a milestone that will propel you even further.
I recently heard a saying, “don’t buy stupid $#!% until you at least have $500k in the bank”.
The financial literacy in that statement is strong and I love it.
Even when you earn a 6-figure income, live below your means to maximize your net worth growth potential on that income.
Otherwise, living paycheck to paycheck would have meant your efforts were all for nothing.
So, what are these secrets that allowed me to manifest 6-figures in 3 different ways?
The appetite to do so
Setting goals and
Taking relentless action to meet them
That’s it, that’s all it takes.
You’ll need to want it, you’ll have to be clear on what it is you want (6-figures), and then you’ll have to take as much action necessary to make it happen.
Here are some examples:
Family Business
In the family business, I created this appetite for meeting the 6-figure goal.
Once I was clear on what I wanted to accomplish, I began setting goals as to how I would accomplish this within my niche industry.
From there it took 4 years of relentless action to finally reach 6-figures in sales.
Stock Investing
I had a hunger to learn how to invest so I chose the path of stock investing.
I got clear on wanting to multiply my money with the intention of making more than 6-figures one day, and took relentless action to put money aside to invest when opportunities came my way.
The discipline to not spend but rather save, is a form of taking relentless action towards a future goal.
Blogging
Blogging came more natural than anything else I’ve ever done.
I’ve always loved to write, and to help people.
As I set goals to further provide value, my blog grew exponentially as I took relentless action towards giving more than I received.
Although blogging has been challenging in its own respect, it’s also been the most natural to me personally.
Summary
There you have it; these are the 3 different ways I’ve earned 6-figures.
While yours might differ from mine, the 3 secrets I’ve outlined are what helped me do it 3 different times.
In retrospect, now I’m wondering if there needs to be more things added to that list in order to go beyond 6-figures, such as hiring a team for example.
I guess that will be a blog post for another time.
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