Tag: How To Earn Money

3 Different Ways I’ve Earned 6-Figures [Secrets]

How to earn your first 6 figures
How to earn your first 6 figures

So, you want to earn your very first 6-figures.

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.

franknez.com

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)

first 6-figures
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.

  1. I wanted to make a lot of money
  2. 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.

In my eBook, “Reaching The $10K Mark: How Perseverance Overrides Adversity“, I go into depth what I went through in the beginning of my journey.

Feel free to check it out to unlock a part of my journey only a very few have access to.

How Long Did It Take Me to Earn My First 6-Figures?

how long did it take to earn 6-figures?
How long did it take to earn 6 figures?

I started my sales journey in 2015 and made my very first 6-figures in sales in 2019.

It took me 4 years of grind, rejection, commitment, failures, and goal setting to make this happen.

Again, I go more into detail in my eBook.

But it was hard.

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-figues 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?

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.

Bookmark: How to invest in the stock market for beginners

I’ve Earned 6-Figures Blogging

how to earn 6 figures blogging

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.

Related: How to start a blog in 2022 (Beginners Guide)

The Secrets to Earning 6-Figures Per Year

secrets to earning 6 figures per year

So, what are these secrets that allowed me to manifest 6-figures in 3 different ways?

  1. The appetite to do so
  2. Setting goals and
  3. 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

franknez.com

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.

Share this post on LinkedIn or any other social media where people can gain insight and value from it.

franknez.com

You can follow me on social media using the links below.

Twitter | Facebook | Instagram | LinkedIn | YouTube | Patreon


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.

Don’t forget to subscribe to our newsletter!

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!

Twitter | Instagram

© 2022 Franknez.com

Theme by Anders NorenUp ↑

%d bloggers like this: