Want To Earn $158K/Year By Starting a Simple Online Bookkeeping Business?

Booming Bookkeeping Business
6 Mar 202403:07

TLDRIn this transcript, Bill Fedi emphasizes the potential of starting a bookkeeping business using QuickBooks, a free and easy-to-learn program. He highlights the high demand for bookkeepers and the lucrative earning potential, with bookkeeping business owners averaging $76 per hour. Fedi invites viewers to his 5-day challenge, promising to teach them everything needed to start a successful bookkeeping business, from using QuickBooks to acquiring clients and pricing services, all without requiring a degree or prior experience.

Takeaways

  • 🚀 Starting a bookkeeping business can lead to earning $158,000 per year or more.
  • 📚 Learning QuickBooks, a free program, is essential for running a successful bookkeeping business.
  • 🎓 No specific degree, prior experience, or math expertise is required to start.
  • 👨‍💼 Bill Fedi has helped over 3,000 people earn money online with QuickBooks.
  • 💡 Bookkeeping is a legitimate and respected profession with high demand.
  • 💼 Bookkeepers earn an average of $76 per hour, according to a QuickBooks study.
  • 🌐 The 5-day Keyboard Rich Challenge offers comprehensive training for new bookkeepers.
  • 🛠️ Participants will learn step-by-step how to do bookkeeping work inside QuickBooks.
  • 📈 Training includes using QuickBooks tools to ensure accuracy in bookkeeping.
  • 📈 Pricing and client acquisition strategies will be covered to help establish the business.
  • 🔔 The challenge is starting soon and interested individuals can register through a video link.

Q & A

  • What is the potential income for someone starting a bookkeeping business using QuickBooks?

    -Starting a bookkeeping business with QuickBooks can potentially lead to an income of $158,000 per year, with the possibility of earning six figures even when working part-time from home or anywhere in the world.

  • What are the prerequisites for running a successful bookkeeping business?

    -There are no strict prerequisites such as a degree, prior experience, or being a math expert. The key is learning how to use QuickBooks, which is easy to learn, and having a laptop to start the business.

  • How does Bill Fedi help people make money online?

    -Bill Fedi has helped over 3,000 people make money online by teaching them how to use QuickBooks and start their own bookkeeping businesses, many of whom earn over $100,000 per year.

  • What is the average hourly rate for bookkeeping business owners according to a QuickBooks study?

    -A recent study from QuickBooks shows that bookkeeping business owners make an average of $76 per hour, which equates to $158,000 per year when working full-time.

  • Why is there a high demand for bookkeepers currently?

    -The demand for bookkeepers is high because over 5 million new businesses start every year, and each of them requires bookkeeping services.

  • What does the 5-day Keyboard Rich challenge entail?

    -The 5-day Keyboard Rich challenge is a training program where participants learn everything needed to start a successful bookkeeping business. It includes learning how to do bookkeeping work in QuickBooks, using tools for accuracy, setting up a free QuickBooks account, getting clients, pricing services, and handling client conversations.

  • How can one register for the 5-day Keyboard Rich challenge?

    -To register for the challenge, one needs to click the button provided in the video where Bill Fedi invites participants.

  • What is the duration and daily commitment of the Keyboard Rich challenge?

    -The challenge lasts for 5 days, with each day requiring an hour and a half of commitment from the participants.

  • What is the main advantage of using QuickBooks for bookkeepers and accountants?

    -QuickBooks offers a free version specifically for bookkeepers and accountants, providing all the necessary tools to run their business effectively.

  • How will participants learn to use QuickBooks during the challenge?

    -Participants will follow along with Bill Fedi as he guides them step by step on how to do bookkeeping within QuickBooks.

  • What tools does QuickBooks offer to ensure the accuracy of bookkeeping work?

    -QuickBooks provides tools to check and ensure that the work done is accurate, though the specific tools are not mentioned in the script.

Outlines

00:00

📈 Start a Six-Figure Bookkeeping Business

This paragraph introduces the opportunity to start a bookkeeping business with minimal financial requirements, emphasizing the potential to earn $158,000 per year. It highlights the use of QuickBooks, a free program that simplifies the process, and mentions that no prior experience or mathematical expertise is needed. The speaker, Bill Fedi, shares his experience in helping over 3,000 people earn money online using QuickBooks. The paragraph addresses the dissatisfaction with traditional employment and positions bookkeeping as a legitimate and valuable service. It also references a study showing bookkeepers earn an average of $76 per hour and invites the audience to participate in a 5-day challenge to learn how to start a successful bookkeeping business.

Mindmap

Keywords

💡Bookkeeping Business

A bookkeeping business involves providing financial record-keeping services to individuals or companies. In the context of the video, it is presented as a lucrative home-based business opportunity that requires minimal startup costs and can be run part-time or full-time. The speaker emphasizes the potential to earn a significant income by using QuickBooks, a bookkeeping software, and highlights the growing demand for such services due to the increasing number of new businesses each year.

💡QuickBooks

QuickBooks is a widely used accounting software package developed by Intuit that allows businesses to manage their financial records, including bookkeeping, payroll, and tax preparation. In the video, QuickBooks is portrayed as an essential tool for those looking to start a bookkeeping business, with the added benefit of a free version specifically for bookkeepers and accountants. The ease of learning and use of QuickBooks is emphasized, suggesting that no advanced degree or math expertise is required to be successful in this field.

💡Income Potential

Income potential refers to the possible earnings one can expect from a particular job or business venture. In the video, the income potential of a bookkeeping business is highlighted, with the speaker claiming that bookkeepers can earn an average of $76 per hour, leading to a potential annual income of $158,000 for full-time work. The message is designed to appeal to those seeking financial independence and a higher earning potential than their current job may provide.

💡Work from Home

Working from home refers to a flexible work arrangement where an individual performs their job duties from their home rather than commuting to a physical workplace. The video promotes the bookkeeping business as an opportunity to work from home or anywhere in the world, part-time or full-time, which is particularly appealing in the current era where remote work has become more accepted and accessible. This flexibility allows for a better work-life balance and can be a significant selling point for those looking to escape traditional office environments.

💡Legitimate Work

Legitimate work refers to employment or business activities that are legal, ethical, and recognized within a professional context. In the video, the speaker emphasizes that bookkeeping is a legitimate and respected form of work, distinguishing it from potential scams or get-rich-quick schemes. This is important for potential business owners who may be wary of the legitimacy of online income opportunities.

💡5-Day Keyboard Rich Challenge

The 5-Day Keyboard Rich Challenge is a training program mentioned in the video, designed to teach individuals everything they need to know to start a successful bookkeeping business within five days. The program includes an hour and a half of training each day, covering topics from using QuickBooks to acquiring clients and pricing services. This challenge is presented as an intensive and comprehensive way to acquire a new skill and start earning income quickly.

💡Free QuickBooks Account

A free QuickBooks account is a version of the software that is specifically tailored for bookkeepers and accountants. It is mentioned in the video as a resource that new bookkeepers can use to run their businesses without incurring any costs. This free account is a significant advantage for those starting a bookkeeping business, as it reduces initial investment and provides a platform to practice and apply the skills learned during the training.

💡Client Acquisition

Client acquisition refers to the process of attracting and securing clients for services or products. In the context of the video, the speaker promises to show participants exactly how to get all the clients they are looking for, even if they are brand new to the bookkeeping business. This is crucial for the success of the business, as a steady stream of clients is necessary for consistent income.

💡Pricing Services

Pricing services involves determining the appropriate fees or charges for the services offered by a business. In the video, the speaker mentions that the training will include guidance on how to price one's bookkeeping services. This is an important aspect of running a business, as it affects profitability and competitiveness in the market. Understanding how to price services correctly is essential for attracting clients and ensuring that the business's value is accurately reflected in its earnings.

💡Marketing and Outreach

Marketing and outreach are strategies used to promote a business and attract potential clients. In the video, the speaker discusses how to handle conversations with prospects once marketing efforts start working and they begin reaching out. Effective marketing and outreach are critical for creating awareness about the bookkeeping business and converting potential clients into paying customers.

💡Skill Acquisition

Skill acquisition refers to the process of learning and developing new skills. In the context of the video, the 5-Day Keyboard Rich Challenge is presented as an opportunity for participants to acquire the skill of bookkeeping, which is essential for running a successful business. The emphasis is on the ability to learn these skills quickly and apply them to generate income.

Highlights

Starting a bookkeeping business can lead to earning $158,000 per year.

No specific income level or math expertise is required to start.

Learning QuickBooks, a free program, can facilitate part-time or full-time six-figure income.

Bill Fedi has helped over 3,000 people earn money online with QuickBooks.

Bookkeeping is a legitimate and respected profession with high demand.

Bookkeepers can work from home or anywhere, offering flexibility.

A recent QuickBooks study shows bookkeeping business owners make an average of $76 per hour.

Over 5 million new businesses start every year, creating a high demand for bookkeepers.

The 5-day Keyboard Rich challenge teaches everything needed to start a successful bookkeeping business.

Participants will learn bookkeeping within QuickBooks step by step.

QuickBooks offers a free version specifically for bookkeepers and accountants.

The challenge covers client acquisition strategies for new bookkeepers.

Pricing services and handling client conversations are part of the curriculum.

By the end of the challenge, participants will have a new skill and an actual business.

The challenge begins soon, with registration available through a button in the video.

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