Tag: Grant Cardone

How To Advertise Your New Business For Organic Growth

Advertising your business is one of the most fun experiences you will have when investing in your company. These are the most effective ways to advertise your business without the use of pay-per-click ads.

Here’s how to grow organically!

#1 – Social Media

Social media is a great way to advertise your business as a whole.

Connect with people over LinkedIn, create a Facebook page for your business, and engage daily.

Social media is a great way to expose your business to a mass amount of people all around the world and is a sure way to put your business in front of everyone’s eyes.

This strategy elevates awareness of your products and services, it will go hand in hand with having a website (more on that below).

#2 – Decorated Apparel

Find a trustworthy source that can brand your logo on garments such as hats, polos, and bags.

Your business will immediately be noticed anywhere you go.

Remember, you are your brand.

So, market your service or product.

Easy Marketing is a company that provides decorated apparel services for your business and has no minimums.

You can mix and match different items in order to fit your advertising needs.

Email them your logo and request options for your desired item(s).

It’s super easy!

#3 – Tradeshows & Events

Tradeshows give you an opportunity to display your business’s service or product to people in your industry.

Share your experience on social media to boost your presence online.

These events are a great way to establish new relationships and build your network.

You might meet an awesome supplier or encounter potential prospects.

Use this platform to your advantage by showing people your brand.

This person-to-person interaction elevates your companies brand bringing organic growth and awareness.

Many people attend these shows so be sure to advertise your company logo by wearing your decorated apparel.

You will see a lot of people representing their company with their logo on some sort of item or apparel.

#4 – Referrals

Referrals are an amazing way of getting your business advertised through other parties because it’s free promotion and improves credibility.

This form of advertising creates a network for your business and reflects the value of your service or product.

Referrals can be the following:

  • Person to person recommendation
  • Shared content on social media
  • Reviews online
  • Being featured on blogs

There’s nothing more organic than people talking about your business amongst one another and recommending your services or product to peers.

Tip: If you have a solid relationship with certain customers or clients don’t be afraid to ask for referrals!

Ever heard of the saying “ask and you shall receive”?

#5 – Create A Website

Your business should have a website.

Bluehost allows you to create a professional website for your business while making it super easy to maintain.

Go straight to the source by avoiding the middleman where you’ll spend twice as much for this platform.

A website advertises everything there is to know about your company so get creative and display your business’s services and work.

Having a website allows people to share your services with other people through the use of social media.

It’s also a great way for others to refer your work to other people looking for such services or products.

They get a preview on what you’re able to provide before meeting you which helps build momentum for a potential sale.

#6 – Email Signature

You’d be surprised by the power of an email signature.

Use it to advertise links to your social media, website, and other platforms.

Every email you write will contain this information so use it to your advantage!

Cold emails will now be more effective because of this call-to-action strategy.

Get creative with your signature and really use it as a means of advertising your business.

#7 – Business Cards

Courtesy of Easy Marketing

Business cards are a great way to advertise your new business.

Always keep them handy and never underestimate the power this little tool has.

These cards might just turn a prospect into a lead and eventually into closing a sale.

You can get business cards printed with SinaLite.

They have a variety of styles you can order from all of which are customizable.

Read:How To Build A Clientele From Scratch For Your New Business

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How To Reach Financial Stability At Any Age

How To Reach Financial Stability At Any Age
You Can Do It!

Financial stability is the 3rd level of wealth according to Dan Lok’s 6 levels of wealth pyramid. It is the level beyond financial dependency (level 1) and financial survival (level 2 ). Financial stability bears a financial stress-free lifestyle but requires definite discipline and planning. If you’d like to find out more about Dan Lok’s 6 levels of wealth be sure to check out the video below. Here’s how to reach financial stability at any age.

https://www.youtube.com/watch?v=is5Dc-NC-14

What Does It Mean To Be Financially Stable?

What is financial stability? Financial stability is the level of wealth when you no longer depend on someone financially, and have essentially stopped going paycheck to paycheck. Financial stability requires that:

  • Your income is greater than your expenses
  • You have anywhere from 4-6 months of monthly living expenses saved up
  • You have no bad debt (high credit card debt, bad investments, etc.)

There is no set income number to reaching financial stability and you can reach it at any age. It does not matter how you make this money or how much you make, but how you manage your money.

E.g.: A person earning six figures a year cannot be financially stable if they are living paycheck to paycheck with no money set aside for an emergency. A person earning significantly less can be wealthier by simply having the discipline to manage their personal finances responsibly.

So How Do You Become Financially Stable?

First, you must truly want to become financially stable. In order to reach financial stability at any age it will require sacrifices involving budgeting, saving, and lots of planning.

Assuming you are not financially dependent on anyone and you work for yourself, you must learn to stop living paycheck to paycheck. This is achieved through gaining a set of skills and financial knowledge from which you can put to use.

In short, you will need to:

  • Look At Your Bank Statements and Budget
  • Increase Your Income
  • Live Below Your Means
  • Increase All Monetary Accounts
  • Develop Winner Habits

We break down in complete detail how to stop living paycheck to paycheck here. Reach financial stability at any age by living below your means and eliminating living paycheck to paycheck.

Write Down Your Financial Goals

write down your financial goals
financial stability

It is important to write down your financial goals in order to materialize said goals. Type them out in a word document or write them down in a journal. Your subconscious mind sees this and allows a lot of powerful and intuitive things to occur in your mind. Working towards your financial goals will become second nature.

Writing down my goals helped me reach financial stability because I was constantly setting goals for myself. Keep planning and keep writing down your goals.

Read: How To Set Financial Goals: 10 Simple Steps!

Be Ready To Leave Your Comfort Zone

The comfort zone is where all dreams and goals die. Be prepared to leave your comfort zone if your goal is to reach financial stability. This step will require you to ditch the habits prohibiting you from reaching your financial goals.

If you want to reach financial stability you will need to develop some habits you might not like at first. This means delaying gratification to meet your future goals.

Take Action To Manifest Your Financial Vision

Begin to set things in motion by taking affirmative and disciplined action. Stick to your budgeting plan and keep working towards eliminating unnecessary expenses while earning extra income to pay off debt. Think in terms of weeks and months. Look at the progress you make at the end of every week and every month.

Learn to reach financial stability at any age by continuously taking action towards achieving your goals.

Take action every day and you’ll grow every day.

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Let Your Goals Motivate You

Record your progress to boost your motivation. This helps to visually see how much closer you are to accomplishing your goals. Motivation is at its highest in the beginning and may begin to settle as time passes. When it begins to subside, remember why you started in the first place.

The process will take time. Remember, one step is one step closer to achieving your goals. Reach financial stability at any age by staying motivated throughout your financial journey.

Some ways to stay motivated include:

  • Watching successful mentors on YouTube
  • Reading self development books
  • Following motivational pages on social media
  • Maintaining focus on your aspirations

Reaching financial stability requires you to ditch old habits and gain new ones.

Read: 6 Money Habits You Can Develop to Win Financially

Continue To Learn Throughout Your Journey

Another great way to stay motivated throughout your journey to reach financial stability is to never stop learning. Continue to educate yourself while you take on this amazing responsibility.

There is a lot of great content on YouTube from which you can gain new perspective and knowledge from. Some of our favorite people include Dave Ramsey (saving), Grant Cardone (motivation), & Andrei Jikh (investing). You will find loads of content that can benefit you when you envelop yourself with financial betterment.

Franknez.com writes a lot of content relating to your financial benefit. We take pride in helping our readers become financially confident.

Tip: Learn how to reach financial stability at any age by learning from all type of successful people.

How Do You Reach Financial Stability At Any Age?

You reach financial stability when you decide to become financially literate. Financially literacy is the understanding of managing your personal finances responsibly.

You can only fathom financial literacy if you have the willpower to seek the knowledge. You must truly want it. No amount of money greater than what you currently earn can make you become financially stable. However, it can certainly become a tool to help you reach financial stability.

Every post on Franknez.com plays a dedicated role to working towards and building your financial future. Reaching financial stability is a mix of several habits you must learn to develop before attaining this level of wealth, just like any other level of wealth.

Financial Stability Is A Mental Stability

Mental stability manifests financial stability due to a variety of factors of which include:

  • Discipline
  • Planning
  • Desire To Learn
  • Commitment
  • Time
  • Sacrifice

This level of wealth is where you decide it’s time to change your life. It’s when you stop doing a variety of things that were holding you back and focus on taking control of your destiny.

In other words, it’s when you replace your bad habits with developed winner habits. Only you can truly decide financial stability for yourself.

If you found value in this post comment below and let us know how you’re taking the necessary measures to reach financial stability! Kuddos for being here today.

Read: How To Stop Living Paycheck To Paycheck (For Good).

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These Are The Best Strategies To Increase Your Sales

Best Strategies To Increase Your Sales
How To Increase Your Sales

Sales are a universal language in business. Every industry requires a sale to be made in order for the business to grow and become profitable. You will learn that these tips are applicable no matter what industry you are in.

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Welcome to Franknez.com – most of the excerpt will be based on taking the actions to bring in new clientele to your business. These are the best strategies to increase your sales.

#1. Cold Call Method

The cold call method is a great strategy to use when making contact with a prospect for the first time. Cold calls:

Use Cold Calls To Increase Your Sales
Sales Tips and Strategies For Small Business Owners
  • Demonstrate willingness to make contact at a more personal level
  • Presents your character (be charismatic, uplifting, energetic, thankful)
  • Allow you to get a feel of the prospects personality (tone, mood, interest, etc.)
  • Is the best way to sell yourself to a prospect through the use of attitude and dialogue
  • Perfect for extroverts (if you’re an introvert, step out of your comfort zone and use this method to gain new skills in sales)

The cold call method is a great way to introduce yourself to a company or prospect and sets the mood for potential business in the future.

Increase your sales by selling yourself and your service or product in order to make a lasting impression.

#2. Cold Email Method

Cold emails are a great method to follow up on prospects. They can also be a great means of making a quick and presentable first-time contact. You may alternate and follow up with a call based on the success rate of response. Cold emails:

Use Cold Emails To Increase Your Sales
Use cold emails to increase your sales
  • Are quick and efficient
  • Advantageous for skilled writers
  • Don’t take much time from a prospects busy schedule
  • Perfect for introverts

If you’re sending out a cold email to make first contact, be sure to follow up with a call when necessary. Some prospects appreciate cold emails due to having the convenience of reading and responding to them whenever it is most convenient to them.

If you’re sending out an email to follow up after a call, be sure to thank them for their time and be clear on your proposition(s).

The most effective way to increase your sales is to alternate between these two methods in terms of first contact and follow up.

Experience

Every lead and choice of execution will result in a variety of ways to present and close a sale. I have emailed prospects who immediately responded requesting pricing after making initial contact with a cold email.

I’ve cold called prospects who advised I made contact at the perfect time as they have actually been fed up with their current vendor.

There has been prospects who have been open to working immediately, some who would like to see samples first, and some who are willing to run test projects before committing to more business.

#3. Schedule Meetings

If you’re after a prospect who isn’t biting, who is giving you the runaround; try scheduling a meeting. Meetings are a great way to present or demonstrate your service or product to a prospect. You may also schedule a meeting with current clients in order to add flame to the relationship.

Sales Meeting

A meeting may take place in your prospects workspace environment or in your facility. Meetings are very personal, sell yourself, your product(s)/service(s), and your abilities that confirm why you’re the best choice for this prospect.

Establish an awesome relationship with your prospect(s). Impressing them will boost your probability of establishing a new client which in return will increase your sales.

Experience & Tips

Scheduling meetings with current clients is a fun way to increase your sales. This strategy will allow you to form a deeper connection with the company and with the client.

There has been a few instances where clients have actually wanted to meet up and see how product was produced at our facility. After one particular meeting, I followed up with the coordinator to advise they are more than welcome to stop by anytime and to bring the rest of the team next time around.

Months later I met another coordinator who wanted to meet in person and see how we conduct business. They were very impressed and super enthusiastic about continuing to doing business together.

This experience has served as a great means of connecting with our clientele which has strengthened the business relationship. At some point in your sales career you will need to meet with your prospects or clients in order to further establish your credibility and increase your sales.

#4. Become An Expert In Your Industry

In order to continuously increase your sales, you’ll need to become an expert in your industry. Yes, you can naturally be a great sales person and understand the importance of catering to a company and really know how to sell yourself.

Become an expert to increase your sales

However, when you become an expert in your industry, you have an insight and advantage far greater than any other sales rep in your circle.

This is one of those ‘extra credit’ strategies that will help take your skills, expertise, AND knowledge to another level in your career.

Understand your industry, and become an expert in your service(s) and product(s). Here are some advantages to being an expert in your industry:

The Ability To Serve Your Clients Quickly & Efficiently

Being an expert in your industry allows you to serve your clients quickly and efficiently. You are able to provide instant answers to your customers questions regarding your services or products in a confident manner.

The Ability To Effectively Solve Problems

Being an expert in your industry means you have the ability to effectively solve problems. Your advantage is that you have the answers to just about everything in your niche, which translates to finding better solutions when discrepancies arise in your workplace.

Your Reputation Exceeds You

Whenever people think of the services or products in your industry they think of you. When you’re an expert in your industry, your reputation exceeds you. People want to work with you.

All of a sudden you aren’t chasing prospects anymore, they’re chasing you. Becoming an expert in your industry is an absolute way to increase your sales.

#5. Feed The Sales Pipeline

Sales Funnel
Keep feeding the sales funnel

You should consistently be feeding your sales pipeline and lining up prospects to follow up with, meet, and close new deals with. I personally suggest creating a client database to reflect the status of your leads. This will help you keep track of who just spoke with, who needs more from you, and who’s in your pocket.

Feeding the sales pipeline will increase your sales due to the consistency of reaching out to new prospects. When work slows down in your industry, you’ll have this amazing client database you can tackle before things start to pick up again.

Tip: Never let your sales pipeline go empty as you’ll have no leads to follow up with once your industry slows down.

#6. Follow Up To Seal The Deal

Follow Up With Customers

Grant Cardone says the sale is in the follow up and it’s true. Increase your sales by continuously following up with your prospects and current clients. Here are some ways you can follow up with prospects:

  • Regarding initial contact
  • On provided quotes
  • Follow up on scheduled meetings
  • Or questions you might have

These points show prospects you have potential of earning their business and highlights your attentiveness to serve.

Here are some ways you can follow up with existing clients:

  • In regards to satisfactory upon purchase of product or services
  • Provided quotes OR re-orders
  • Referrals
  • New business
  • Status of processed orders

These points show willingness to help and demonstrate an effort to accomplish a set of goals. Being proactive with follow ups will increase your sales as you’re consistently on your clients or prospects radar. Remember to create a client database where you can keep track on your prospects.

Tip: Your follow ups should always be strategized so they do not become robotic to the receiver. Alternate between emails and phone calls for the best results.

#7. Think Of Your Customers Needs

Think of your customers needs in order to increase your sales

Understanding how to cater to your customers needs is a definitive way to increase your sales. Everyone you meet, encounter, or come into contact with will have similar needs. You will come to understand that everyone has unique needs. It’s when you learn to differentiate these two that you will gain an advantage over your competition.

Put yourself in your prospects or clients world for a second. What will make them buy from you? How can they think you to be the go-to-person? In order to understand how to cater to your customers needs, you must form a relationship with your current clients, or creatively asses your prospects wants.

Tip: Always think of your customers needs.

#8. Overcommit And Overdeliver To Increase Your Sales

Overcommitting is saying yes to a rush project. It’s saying yes to the tight deadline and the extra work it will require to make it happen.

Overcommit To Increase Sales

Overdelivering is not only accomplishing the goal but it’s having completed it while exceeding the customers expectations.

Increase your sales by demonstrating to your clients that you are trustworthy and a reliable partner with whom they can count on for ANYTHING.

When you overcommit it is up to you to do whatever it takes to see that promise through. When you overcommit you close the deal. Now make sure your delivery is phenomenal. Think long-term success when catering to your clients needs.

Read: Here Are My Top 10 Strategies I Use To Promote My Brand

Conclusion

Sales really are a universal language in business. Every industry requires a sale to be made in order to grow and become profitable. Use these strategies to help you further your career in sales and stay ahead of your competition.

If you found value in this post please give it a social share. Also, don’t forget to subscribe to the blog for instant notification on new posts relating to entrepreneurship and stock investing.

Leave me a comment below if you are already implementing any of these strategies in your industry or if there’s anything else you can input to the related topic!

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10 Ways To Increase Your Sales During A Recession

10 Ways To Increase Your Sales During A Recession

How can I keep my sales up during an economic downturn? Is it possible to do well during a contraction? Can I be successful? Here are 10 ways to increase your sales during a recession.

#1 – Reach Out To Your Current Clients

Reaching out to your current clientele is one of the best ways to increase your sales during a recession. Follow up with a well written email or cold call. Strategize your contact. Ask yourself, what are you trying to accomplish by making contact? Follow up on quotes, projects in the air, projects on hold, etc.

Tip: Don’t make it all about you. Reach out to see how you can lend them a helping hand. Make them feel like you want to help them more than anything.

#2 – Referrals

Use Referrals To Increase Your Sales During A Recession

Another way to increase your sales during a recession is to politely ask for referrals. Referrals are an awesome way to spread talk about your service or products from your current network of people. These people may include clients, acquaintances, family, or friends. Referrals often times manifest credibility simply due to the positive aspect of referring someone to a good or great service/product.

#3 – Tackle New Business

And of course, one of the most direct ways to increase your sales during a recession is to tackle new business. Tackling new business opens new doors. If you aren’t hearing much back from your clients, tackling new business is a great way to make new connections and offer your product or service in order to grow your clientele.

Read: How To Build A Clientele For Your New Business!

#4 – Follow The Money

Follow The Money To Increase Your Sales During A Recession

During a recession, there’s a high probability a lot of industries will be down. Unemployment rises people aren’t spending money any more. In order for your to continue to increase your sales during a recession is to follow the money. When certain industries are down others are booming. Learn to identify where the money is and let it influence how you conduct business.

My company works in the decorated apparel industry so one thing we did during the covid 19 crisis to increase sales was to sell decorated masks.

See how you can adapt to the changes in your environment to make money regardless of the situation. Increase sales by following the money.

#5 – Expand Beyond Your Industry

This is similar to referrals. To expand beyond your industry simply means to offer your product or service to people outside your line of work. It may be family, friends, or other people in your network. If you make one or two sales using this strategy that’s one or two sales on top of your margins. Don’t underestimate the power of expanding beyond your industry.

#6 – Seek Knowledge & Apply It

Find online mentors from who you can learn from and get inspired by. Some of our favorite mentors include Dan Lok, Grant Cardone, Dan Pena, and Gary Vee just to name a few. Read or listen to audio books that will provide you with insight and knowledge that will help you further progress in business.

Knowledge is not worth anything if it is not applied so apply it for guaranteed results. Seek knowledge and apply it in your line of work in order to harvest the results you desire. Some of these mentors mentioned are high ticket sellers. They are some of the most successful sellers and entrepreneurs which make them easy to resonate with.

Tip: Never stop learning from people who are well beyond your level of success.

#7 – Use Social Media To Market Your Business

Use Social Media To Increase Your Sales During A Recession
Increase sales using social media

Social media is an amazing way to drive traffic to your website and potentially land a sale. Use social media as portal to increase your sales. The way your market your business plays an important role in your growth due to todays fast paced and tech environment. Here are some benefits of using social media:

  • Quick directory to your website detailing your product or service
  • Optimizes engagement
  • Allows you to network and connect with your followers
  • All legit businesses use social media (credibility)
  • Easy for customers to find you online
  • Social media allows sharing to be instant (referrals)
  • Creativity attracts new customers

#8 – Use Paid Advertising (Including Promotional Products)

During a recession many sectors tend to contract. What you should be doing while everyone else is contracting is to play on the offensive side and setting goals often. Tackle your industry by engaging more than ever and focusing on promoting your service or product. Use paid advertising to reach the masses. By reaching the masses you increase your probability of closing sales and potentially gaining new long lasting customers.

Easy Marketing Provides Decorated Apparel Such As Hats, Polos, And Aprons With Your Logo To Elevate Your Brand

Promotional products are an amazing way to promote your business without having to pitch your product or service to anyone. The product in itself presents a bold statement. Easy Marketing provides customers with decorated hats, shirts, jackets, bags, and so much more by branding the apparel with your business logo.

Tip: Wear your decorated apparel when you’re out in public. People will notice what your brand is about which can potentially lead to new business.

#9 – Keep Yourself Motivated

Increase your sales by staying motivated

Motivation drives us so it is important that you keep yourself motivated in order to increase your sales during a recession. Recessions tend to produce waves of uncertainty and negativity. Stay focused on your goals and away from the effects recessions have on the psyche. There are a ton of motivational pages on Instagram that can keep you level headed during a major economic downturn. We too love to inspire our readers with our motivational content while keeping you posted on new posts published on our blog. Check out our IG page here.

#10 – Be Patient

Be patient. It’s part of the process. Continue to put in the work while keeping in mind that all great things take time to come into fruition. Ever ounce of energy and work you put into increasing your sales will manifest eventually.

Stay dedicated, be persistent, and be patient. We’ve compiled the BEST STRATEGIES to increase your sales on another post here for you to keep seeking knowledge and applying it in your field.

Share with us on the comments section below what you’re doing or have done in order to increase your sales during a recession or economic downturn. Our readers would love to gain personal insight from your experience and knowledge!

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How To Better Prepare Yourself For The Next Recession

How To Better Prepare Yourself For The Next Recession

It is never too early to begin preparing for an economic downturn. What you do today can save you tomorrow. If you weren’t prepared for the coronavirus disruption be sure to also share this with a loved one. Here’s how to better prepare yourself for the next recession.


Pay Off Big Debt

One way to better prepare yourself for the next recession is to pay off big debt. Paying off debt will reduce the amount of monthly payments you have which will result in having more funds available to save or invest.

Pay Off Big Debt To Better Prepare Yourself For The Next Recession

Paying off debt also lifts the weight off your shoulders knowing you don’t owe any parties anything. Pay off your vehicle or any open credit cards. If you have a lot of debt find out what strategy we suggest using when it comes down to paying thousands in debt here.

Have An Emergency Fund

Have An Emergency Fund

Having an emergency fund is one of the single most effective ways to better prepare yourself for the next recession. Think of your emergency fund as a net from which you can fall on should things disrupt your plans. Recessions can lead to several hardships including the loss of a job or business. Having an emergency fund allows you to have access to capital in the event that the worse case scenario occurs in your financial world.

If you’re stuck on exactly how to create an emergency fund read about how to start it here. Franknez.com walks you through on creating a goal and then having your savings work for you so that your money multiplies through compound interest.

Our mission is to provide our readers with real world experience and advice to help further their financial knowledge and secure their financial future.

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Live Below Your Means

A great suggestions as to how you can better prepare yourself for the next recession is to live below your means. So what exactly does it mean to live below your means?

To live below your means is to live significantly below the threshold of your annual income.

Living below your means allows you to have financial breathing room. As a result, you’re able to save more money and increase the amount dedicated to your emergency fund. Here are some ways on how you can live below your means:

  • Downsize your home if you don’t need the ‘excess’ space.
  • The new vehicle can wait (practice delayed gratification)
  • Don’t over-indulge in jewelry or high fashion clothing (there’s a time for it)
  • Have less takeout (keep it in moderation – set a budget)
  • Resist the new gadgets – make due with the current (for now)

When you live below your means you essentially grant yourself access to manageable monetary means. Prepare yourself for the next recession by eliminating the stress of going paycheck to paycheck.

Continue Budgeting

Budgeting Will Help You Prepare Yourself For The Next Recession

Budgeting in general is a great winner habit to have. Budgeting long-term will help you achieve your savings goals and keep you living below your means. A great way to keep track of your expenses is to frequently log in to your bank account(s) and build awareness of where your money is going. We also suggest downloading the app MINT by Intuit. It tracks down your expenses and keeps record of all your accounts. It makes it super easy to keep quick tabs on your accounts.

Don’t Depend On One Source Of Income

What occurs when you depend on one source of income and then all of a sudden it’s completely gone or cut in half? This is what happened to 22 million Americans who filed for unemployment during the coronavirus pandemic.

Develop Multiple Sources Of Income To Protect You During A Recession

Learn to better prepare yourself for the next recession by acquiring additional skills and knowledge and learn how to create more than one source of discretionary income. Franknez.com has posts on how to start an online business and grow it, how to earn passive income, how to start a blog, side hustle ideas & so much more. Be sure to subscribe to our newsletter to be notified when new posts are published!

Prepare yourself for the next recession by generating income from a variety of sources.

Tip: By acquiring multiple sources of income you ensure yourself financial growth and financial security.

Develop A High Income Skill

Prepare Yourself For A Recession

What does it mean to develop a high income skill? This means earning a promotion, developing skills to attract higher paying opportunities, selling more, or becoming involved in anything that will increase your current income.

By increasing your income you gain monetary means to pay off debt and save money for a rainy day. This is a great way to prepare yourself for another worse case scenario such as a disastrous recession. If it becomes too difficult to develop multiple sources of income or it’s not within your time limitations to do so, developing a high income skill can certainly be a great way to compensate.

Tip: Do not spend more as you earn more.

Be sure you continue to live below your means as you increase your income. You will have breathing room and gain the confidence to face any financial challenge that comes your way. If you find yourself in need of motivation we suggest reading 10X by Grant Cardone. This book discusses how you can increase your income and meet your goals by essentially putting in 10X amount of effort in everything you do. Grab the book here.

Choose Your Industry Well

Choose A Good Industry To Become Recession Proof

One way you can better prepare yourself for the next recession is to choose your industry well. Take a look at the industries that thrived during the coronavirus pandemic vs the ones that didn’t. This is a sure way to identify which sectors are a ‘safer’ career choice.

Industries that thrive during recessions include:

  • Healthcare
  • Logistics
  • Accounting
  • Biotechnology
  • Automotive
  • Economists
  • Utility Companies
  • Funeral Services
  • Veterinary
  • Courier / Freight
  • Telecommunications
  • Online Businesses

Become recession proof by choosing a great career that won’t die down during an economic distress.

Increase Your Credit Score

Increase Your Credit Score To Prepare You For A Recession

The people who are getting approved for 0% APR credit cards and for home loans are those with a great credit scores. Keep in mind, recessions are also the time to learn how to identify new opportunities. Qualifying for an affordable home while the market is low could be your time to make that move; it might not. Perhaps a 0% APR credit card can help eliminate other credit card debt and help you further your personal finances. A high credit score opens opportunity, even during a recession. Start building your credit now; your future self will thank you.

It would be wise to prepare yourself for the next recession by increasing your credit score due to the opportunities that open up with credit. Read: How To Increase Your Credit Score | Reach Excellent.

Diversify Your Investments

Another tip on how to better prepare yourself for the next recession is to diversify your investments. Don’t keep all your eggs in one basket. Franknez.com has posts on how to earn interest from a high yielding savings or money market account, how start an online business, and how to invest in the stock market step by step!

Franknez.com teaches many ways you can diversify your income!

Diversify your investments by allowing your money to work for you in a variety of ways without you having to put up with much maintenance. This strategy will require you to take some personal risks though it isn’t as scary as it actually sounds! Risk plays a big part in securing your financial future. Prepare yourself for the next recession by learning this important wealth building skill.

Here are some ways you can prepare for a recession by diversifying your income:

  • Move money into a market or high yielding savings account
  • Build a portfolio with index funds and ETFs (stocks)
  • Set money aside in a personal savings account
  • Stack your checking account

Read: How To Invest In The Stock Market (Step by Step)

Understand The Importance Of Networking

Learn to identify people of value who can play an important role in your life when it comes to health, career, finances, mentorship, and partnerships. It is important to build relationships with people in these categories because they become connections. These links of relationships are known as a network.

Networking Will Help Prepare Yourself For The Next Recession

Better prepare yourself for the next recession by building a strong network as it can prove useful during the times of hardships. If you lose your job you might know someone you networked with who might be able to help. Whether its recommending you to an employer or even going to the greater lengths of personally hiring you, networking opens opportunities.

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Please subscribe to our newsletter if you find value in our content! We are here to help you make great financial decisions in order to help you secure your financial future. Let us know what you’re doing to become recession proof. If you have other tips on how to better prepare yourself for the next recession please share with our readers!

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How To Earn Money During The Coronavirus Lockdown

How To Earn Money During The Coronavirus Lockdown

There is often opportunity during hard times. Many of us are experiencing a lockdown due to the Coronavirus. The best thing we can do is stay safe, alert, and continue on the path to financial success. Here are several ways you can earn money at home during the Coronavirus lockdown.

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Franknez.com

1. Teach A Language

Earn Money By Teaching A Language

If you’re bilingual you can spend a good amount of time teaching others around the world how to speak a new language. Many people are going to be looking for ways to spend their time during lockdown. Many of them will want to learn. Organize the way you’d like to begin teaching the language.

Teach by using Fiverr.

People all around the globe are looking for highly skilled users to gain value from. Use this platform to help others increase their knowledge and skills while getting paid for it.

2. Tutor Children

If you’re a teacher or tutor, this will be a no brainer. Teach the young ones how to read, write, and add and subtract through online classes. A lot of schools are closed and will remain closed for the remainder of the academic year. We will need teachers and tutors to keep improving our children’s education.

Earn money online during the lockdown by tutoring using Fiverr.

Yup, Fiverr is the platform to teach pretty much anything online!

3. Instruct Your Profession Online

If you’re a medical instructor, a financial advisor, a tax preparer, a realtor, a professional musician, and can teach anything in your profession, instructing online can be a great way to earn money during lockdown.

Find ways to share your knowledge with others. Remember, now is the time to step out of your comfort zone in order to secure your finances during these times.

Fiverr allows you to make this possible. Create your account right this moment so can begin offering the market your expertise and knowledge from the comfort of your home!

4. Cooking Tutorials

People are going to be home longer. Many have stocked up on comfort foods that will last longer than your average meals. Sell your ideas online if you have a knack for the culinary arts. Create a channel and grow your audience. Take pictures of your finished dishes and link them to your tutorials online. Monetize your platform in order to earn money from your viewers during the lockdown.


5. DIY Videos

DIY videos can be another creative way to earn money online during the lockdown. Choose a platform where you can share loads of DIY videos and monetize your platform through ads. Get creative and present valuable information in order to grow your audience.

Read: 10 Successful Ways To Save Money During A Recession

6. Create Content

Make money from home creating content

Content creators are usually entertainers. If you love to entertain people this could be a great way to earn money during lockdown. YouTube can be a great platform for your content.

People are already earning money with YouTube through video game tutorials, movie reviews, vlogs, music covers, etc. Get creative with this and have fun with it! Focus on trying to get people’s attention away from the Coronavirus, bring us back to normality just for a little.

Other ways of creating content include building websites, creating apps, and podcasting!

For blogging we recommend using Bluehost, one of the top recommended providers by WordPress.org. Bluehost powers over 2 million website worldwide and you can get a discount when you sign up using the link here.

7. Earn Money During The Coronavirus Lockdown With Surveys

take online surveys to earn money during the coronavirus lockdown

Earn money during the coronavirus lockdown with online surveys. Online surveys can be a good source for earning a little bit of cash on the side. Websites pay you for completing surveys and reviewing businesses. This is a great way to support local businesses while getting paid an extra buck to provide your feedback.

Check out our ‘Side Hustles’ tab for more ways you can earn money on lockdown.

8. Sell Your Talent

sell your talent to make money during the coronavirus lockdown
Earn money during the coronavirus lockdown with DistroKid

If you’re an artist, focus on earning money through your talents. Find ways to make your art or music reach more people by marketing and selling online.

You can earn money from streams using an online distributor such as DistroKid. DistroKid distributes your music on all major platforms including Spotify, Apple Music, Amazon, Napster, Pandora, & TikTok just to name a few!

Sell more online!

Sell your artworks online. Many people look for album covers, business logos, and designs to increase the value of a product or service. Use your talents to create amazing pieces of art and sell them online.

Read: 7 Easy Ways Millennials Can Start Earning More Money

9. Rent Your Space

Rent storage to make money during lockdown

A passive way of earning money during lockdown is to rent your space. Get paid to rent out the space you don’t use to people who need it. This may include a garage, shed, or driveway for storage.

Be that alternative storage people can save money with while you make an additional income providing the service.

Conclusion

With the Coronavirus affecting the way work today, it is important to adapt to these changes with a positive perspective on things.

We might just end up coming out of this much more stronger and successful than ever. Keep setting goals for yourself, and remember that tough times don’t last, but tough people do.

Extra: For My Sales People

Reaching The $10K Mark - Sales

If you’re in sales, we understand this economic downturn has greatly impacted the performance in your career. This is why we’d like to share this eBook with you.

In this short story, I break down the challenges faced during the struggle to reach the $10k mark. A goal that whenever was within reach would dissipate due to unforeseen circumstances.

The pushback has been described as crashing waves that eventually led to being washed ashore. This inspiring and motivating eBook captures the world of every aspiring seller striving to make it big in their sales career.

It’s incredible how many people can relate to Reaching The $10K Mark. Sales can be intimidating and I think we all share the same struggles on the inside in very unique ways.

Frank Nez

Read about how perseverance overrides adversity here

Let us know about your experience making money during the coronavirus lockdown below. Which one of these ways are you implementing in your life. Have you found other ways to earn money from home? Let our readers know below!

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10 Signs You Have What It Takes To Be Successful

Just because the 1% are super successful it doesn’t mean you have a 1% chance at success. Success is accomplished through numerous small goals that accumulate throughout your journey. Here are 10 signs you have what it takes to be successful in life.

#1. You Like To Serve

You genuinely like to serve others. By serving others you offer a service or product in which the consumer can benefit from. You understand the importance of making yourself very valuable in order to serve as many people as possible to gain trust and business.

The most successful people serve large masses of people.

#2. You Learn From Your Failures

You understand that failure is merely but a lesson to learn from. Without failures we cannot gain experience. Without experience we cannot grow. You’ve had your shares of failures and have accepted your losses but you have also recognized the cause for those failures. Your newly found knowledge to prevent such failure comes from the experiences of failing themselves. Unlike most people, you aren’t afraid of going through this learning experience in order to become a more successful version of yourself.

#3. You Have Perseverance

Perseverance is the will to consistently do something despite difficulty or delay in achieving success. In other words, never giving up no matter how long it will take, or how difficult attaining your goal will be. You want it and you’re going to have it. You don’t stop, you work for it until you achieve what you set your mind out to accomplish. Your courage is what sets you up for success.

#4. You’re Goal Oriented

You’re setting goals in your life for every aspect of your world. You’ve set goals in your relationships and career. You have a big picture in mind so you break it down by setting numerous goals that will take your lifestyle to another level. This level of thinking is almost second nature. You understand that it’s a huge part of your journey to living a successful life.

#5. You’re Accountable

You take responsibility for all of your actions. You assume control of every situation and are on top of your game. There is no room for excuses because you understand the delays in time and personal growth they cause.

#6. You’re Open Minded

Successful People Are Open Minded

You’re open to seeing through the perspective of other peoples worlds. This insight allows you to understand what others need, what they want, and how to provide it. You’re open to working with all types of people and businesses. You understand that your success relies heavily on networking and building amazing relationships.

#7. You’re Very Self-Aware

You’re in tune with your inner-self and are highly conscious of your thoughts and actions. You understand there’s always room for growth and look for ways to improve your way of thinking in order to attain success. You’re aware of your surroundings and have a great sense of accomplishment which attracts the things you want in life.

#8. You Don’t Procrastinate

Successful People Don't Procrastinate

Procrastination makes you feel lazy so you avoid it. You tackle your tasks and check mark your goals rather quick in order to move on to the next project. You’re organized so you don’t like to fall behind on anything that will cause delays or unnecessary interruptions. Successful people don’t procrastinate.

#9. Delayed Gratification

Delayed Gratification Makes You Successful

Delayed gratification is holding off on immediate reward and enjoying it later. It’s understanding long-term investment yields the highest rewards. By delaying gratification you demonstrate a strong level of discipline and self control most people cannot fathom. Success does not occur overnight and you are will to sacrifice celebrating now in order to make the most out of it later.

#10. Confidence

Confidence Makes You Successful

You know you’re going to attain and attract everything you’ve ever wanted. You have this confidence in everything that you do and you don’t ever question your abilities. The knowledge, experience, and will to take action will no longer fail you and you will continue to succeed over and over. Your confidence is a statement, an affirmation, and a sign you have what it takes to be successful.

Read:How To Advertise Your New Business For Organic Growth

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