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

Booming Bookkeeping Business
6 Mar 202403:07

TLDRDiscover how to start a profitable online bookkeeping business with no degree or prior experience needed. Learn QuickBooks for free and potentially earn $158K/year working part-time from anywhere. Bill Fedi's 5-day challenge teaches you everything from using QuickBooks to securing clients, aiming for a legitimate and respected career in high demand.

Takeaways

  • 💼 Starting a bookkeeping business can potentially earn you $158K/year, working part-time or full-time from anywhere.
  • 📚 Learning to use QuickBooks, a free program, is essential for running a bookkeeping business without needing a degree or prior experience.
  • 👨‍🏫 Bill fedi has helped over 3,000 people make money online with just a laptop and a free QuickBooks account, many earning over $100,000/year.
  • 🤔 The script addresses the frustration of working hard for little pay and the desire to start a legitimate and respected business.
  • 💰 Bookkeeping is a valuable service for small businesses, and bookkeepers can earn an average of $76 per hour, totaling $158,000/year.
  • 📈 The demand for bookkeepers is high, with over 5 million new businesses starting each year, all needing bookkeeping services.
  • 📅 Bill fedi invites you to a 5-day challenge to learn everything needed to start a bookkeeping business, including earning income during the week.
  • 🛠️ The challenge will cover bookkeeping work in QuickBooks, using tools for accuracy, setting up a free QuickBooks account, and getting clients.
  • 💬 Learn how to price your services and handle conversations with prospects to convert them into paying clients.
  • 🔗 Register for the 5-day challenge by clicking the button in the video to secure your spot and start your bookkeeping journey.

Q & A

  • What is the potential annual income for starting an online bookkeeping business according to the transcript?

    -The potential annual income for starting an online bookkeeping business is suggested to be $158,000 per year.

  • What is QuickBooks and how does it relate to the bookkeeping business mentioned in the transcript?

    -QuickBooks is a free program that is easy to learn and can be used for bookkeeping services. It is suggested that learning how to use QuickBooks can enable one to start a successful bookkeeping business.

  • Who is Bill Fedi and what role does he play in the context of the transcript?

    -Bill Fedi is the person who has helped over 3,000 people make money online with just a laptop and a free QuickBooks account. He is offering guidance on starting a bookkeeping business.

  • What is the average hourly rate for bookkeeping business owners according to the study mentioned in the transcript?

    -According to the study from QuickBooks mentioned in the transcript, bookkeeping business owners make an average of $76 per hour.

  • What is the '5-day Bookkeeping Rich Challenge' and what does it promise to teach?

    -The '5-day Bookkeeping Rich Challenge' is a program that promises to teach participants everything they need to start a successful bookkeeping business within a week. It covers learning QuickBooks, getting clients, pricing services, and handling client conversations.

  • How long is the '5-day Bookkeeping Rich Challenge' and what is the expected outcome?

    -The '5-day Bookkeeping Rich Challenge' is a 5-day program with an hour and a half of learning each day. By the end of the week, participants are expected to own a new skill, have an actual business, and be able to start earning income.

  • What are some of the benefits of starting a bookkeeping business as highlighted in the transcript?

    -The benefits highlighted include the ability to make six figures working part-time from home or anywhere, the ease of learning QuickBooks, not needing a degree or prior experience, and the high demand for bookkeepers due to the number of new businesses starting each year.

  • What is the demand for bookkeepers like according to the information provided in the transcript?

    -The demand for bookkeepers is described as being at an all-time high, with over 5 million new businesses starting every year, each needing a bookkeeper.

  • How does the transcript suggest one can get clients for their new bookkeeping business?

    -The transcript suggests that it's easy to get clients because of the high demand for bookkeepers and that the '5-day Bookkeeping Rich Challenge' will cover exactly how to get all the clients one is looking for.

  • What is the process for setting up a free QuickBooks account as mentioned in the transcript?

    -The transcript mentions that during the '5-day Bookkeeping Rich Challenge', participants will set up their free QuickBooks account together, which is a version specifically for bookkeepers and accountants.

  • How is the pricing of services discussed in the '5-day Bookkeeping Rich Challenge'?

    -The challenge includes a discussion on how to price services so that participants will know exactly how much to charge their new clients.

Outlines

00:00

💼 Start a Lucrative Bookkeeping Business

This paragraph introduces the potential of starting a bookkeeping business as a path to earning a significant income. It suggests that even without prior experience or a degree, anyone can learn to use QuickBooks, a free program, and potentially earn $158,000 per year. The speaker, Bill Fedi, claims to have helped over 3,000 people make substantial money online with just a laptop and a free QuickBooks account. The paragraph emphasizes the value of bookkeeping services to small businesses and the high demand for bookkeepers, with over 5 million new businesses starting each year. It concludes with an invitation to join a 5-day challenge to learn everything needed to start a successful bookkeeping business, including using QuickBooks, getting clients, and pricing services.

Mindmap

Keywords

💡Bookkeeping

Bookkeeping refers to the process of recording and maintaining financial transactions of a business. It is a fundamental aspect of accounting and is crucial for tracking income and expenses. In the video's context, bookkeeping is presented as a viable business opportunity that can be conducted online using QuickBooks, with the potential to earn a significant income.

💡QuickBooks

QuickBooks is a widely-used accounting software package developed by Intuit. It is designed to assist small and medium-sized businesses in managing their financial records. The script emphasizes that QuickBooks is user-friendly and free for bookkeepers, serving as a key tool for starting an online bookkeeping business.

💡Six Figures

The term 'six figures' refers to an annual salary ranging from $100,000 to $999,000. In the script, the presenter highlights the potential to earn a six-figure income by starting a bookkeeping business, which is a significant draw for those looking to improve their financial situation.

💡Part-Time

Part-time work implies employment that involves fewer hours than a full-time job. The video suggests that it is possible to earn a substantial income through bookkeeping on a part-time basis, offering flexibility and the ability to balance work with other commitments.

💡Free Program

A 'free program' is software that is available at no cost. In this case, the script mentions that QuickBooks can be used for free by bookkeepers, which is an attractive feature for those considering starting a bookkeeping business without significant upfront costs.

💡Legitimate

Legitimate refers to something that is lawful, genuine, and recognized as valid. The video emphasizes that bookkeeping is a legitimate and respected profession, contrasting it with potentially fraudulent 'schemes' that people might encounter when looking to start a business.

💡Valued Service

A 'valued service' is one that is appreciated and recognized for its worth. The script points out that bookkeepers provide a valuable service to small businesses by managing their financial records, which is why they are well-compensated for their work.

💡5-Day Keyboard Rich Challenge

The '5-Day Keyboard Rich Challenge' is a program mentioned in the script that promises to teach participants everything they need to know to start a successful bookkeeping business within five days. It is structured as an intensive learning experience, with the goal of enabling participants to earn income quickly.

💡Pricing Services

Pricing services involves determining how much to charge for the work or services provided. The script discusses the importance of understanding how to price bookkeeping services correctly, which is essential for attracting clients and ensuring profitability.

💡Prospects

Prospects are potential clients or customers. The video script talks about having conversations with prospects once they express interest in the bookkeeping services, which is a critical step in converting them into paying clients.

💡New Skill

A 'new skill' refers to a capability or expertise that is acquired through learning. The script promises that by the end of the challenge, participants will not only own a new business but also possess the new skill of bookkeeping, which is essential for running their business successfully.

Highlights

Earn up to $158K per year by starting an online bookkeeping business.

Learn to use QuickBooks, a free program, to run a bookkeeping business.

No degree, prior experience, or math expertise required for bookkeeping.

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

Bookkeeping provides a valuable service to small businesses.

Bookkeepers are in high demand with over 5 million new businesses starting annually.

Bookkeeping business owners make an average of $76 per hour.

Part-time work can also lead to earning six figures.

Join the 5-day Bookkeeping Rich challenge to learn the necessary skills.

Learn bookkeeping step by step with a focus on accuracy.

Set up a free QuickBooks account for bookkeepers and accountants.

Discover how to acquire clients even as a newcomer to the field.

Understand how to price your bookkeeping services correctly.

Learn the art of converting prospects into paying clients through effective communication.

The challenge covers everything from bookkeeping to client acquisition.

Start earning income during the week of the challenge.

Register for the challenge to transform your life and start your bookkeeping business.