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The One With Passive(ish) Income

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The One With Passive(ish) Income

Kate Josephine Johnson
Mar 18, 2023
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The One With Passive(ish) Income

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TL;DR

Vote for Bookkeeping Side Hustle ๐Ÿ™

Passive Income Ideas For Bookkeepers

Check out Uncat

Short(er) and sweet(er) headline section this week because I put my whole brain & heart & soul into THIS VIDEO for this community. It is just me sharing my ideas, not one of my typical live stream interviews.

๐ŸŽฅ Passive(ish) Income for Accounting/Bookkeeping/Tax

It is a smorgasbord of ideas, and I truly think everyone in our industry could find a passive income idea from the ones I share in this video.

I believe that once you get a taste of what it feels like to make some money in your sleep, the wheels of your brain will start turning and youโ€™ll start to see income opportunities all over the place.

So, which of those ideas that I shared in that video will you try?

After you finish the newsletter, make sure you grab the tiny bit of passive income from Uncat ๐Ÿ˜ป (a.k.a. this Starbucks gift card ๐Ÿ‘‡) and learn how to easily ask clients about their uncategorized transactions.

And please VOTE for both the Bookkeeping Side Hustle Community AND for Uncat in the Accounting March Madness Bracket before midnight tonight! Yesterday Bookkeeping Side Hustle had the 4th fewest votes! Embarrassing early performance, but the contest isnโ€™t over! And you might win a trip for 2 to Hawaii!


Deals Deals Deals

๐Ÿ’ฐ Are you ready to go from QBO Clueless to QBO Pro! You can join the QBO Gym* for hands-on practice so you can to gain the clarity, competence and confidence you need to excel as a bookkeeper. Use GYM20MARCH for $20 off.

๐Ÿ’ฐ The Ambitious Bookkeeper (vote for her in the March Madness Bracket, too!) is about to start a new cohort of her ELEVATE program* where she takes experienced pros and teaches them to offer (lucrative) CFO/Controller services. Use discount code KATE to save some $$$ (discount code works on all of her courses).

Please always send me any news of deals that you hear about!


Be There or Be Square

Items with a โ€œ+โ€ are hosted by me. All these events can be viewed and registered for in the DESCRIPTIONS of each event on the Bookkeeping Side Hustle Calendar.

๐Ÿ“… +Mondays in March: Bookkeeping Side Hustle Community Co-working Hour. Join me on on Zoom Mondays at 11am EST. Zoom link (password: HUSTLE). Come hang with me and do that whatever terrible thing that youโ€™ve been putting off.

๐Ÿ“… March 22: Intro to Xero. Join Xero for a demo of the platform and learn if you want to start serving clients on Xero. Register HERE.

๐Ÿ“… March 23 and March 28: Bookkeeping Buds is hosting 2 events: One about Business Insurance and one is the collaborative evening โ€œMagic Hourโ€. Check them out on the community calendar.

๐Ÿ“… March 24: Close a Deal on Your Lunch Break* with Shanita Jones, CPA.

๐Ÿ“… March 27: Workflows Made Simple 5 Day FREE Challenge. This 5 day challenge is what Alyssa Lang is famous for. It is meant for bookkeepers and accountants from all stages that want to learn how to document and extract workflows, set big goals, organize their tech stack, bring all their workflows and tech stack into a project management system to help them move faster. Sign up HERE* for free.

๐Ÿ“… March 29: Top Time-Saving Hacks for Accounting Professionals. Iโ€™m on a panel put on by new free accounting community called The Grove. Advice about time saving TECH hacks is not my strong suit, but I do have some things to say about how to get a lot of stuff done. Register HERE.

Subscribe to the YouTube Channel


Featured Posts

๐ŸŒถ๏ธ Brittney Medbery asked how long did it take you to replace your 9-5 income?

๐ŸŒถ๏ธ Can you run a bookkeeping biz from an iPad? Cindy Dearmin Mayberry got some good responses, check it out and add yours.

๐ŸŒถ๏ธ Caroline Passamore wondered why most new bookkeepers struggle to find clients. Great discussion.

๐ŸŒถ๏ธ Speaking of Passive Incomeโ€ฆ folks shared how THEY are making passive income in this community thread. Lots of great ideas to inspire you.


Help You Hustle

๐Ÿ’ช Shanita Jones is doing a workshop called โ€œClose A Deal On Your Lunch Breakโ€*. She built her very successful accounting firm while working in corporate accounting. She knows how to close deals on her lunch break!

๐Ÿ’ช Katie Thomas (very large following of other accounting industry folks) is hosting a free video challenge in April. Yโ€™all, use the challenge to make some friends and get some practice! Details here on LinkedIn. Donโ€™t be shy!

๐Ÿ’ช I heard an interview with a real-life bookkeeper who works for QuickBooks Live and I honestly thought it was one of the more interesting stories Iโ€™d heard in a while. This man is not your average bookkeeper. It is kinda neat about how the part-time Intuit jobs let him accomplish his priorities in life. If you want to apply for the Intuit jobs, learn more here.


For Fun

๐Ÿ’€ โ€œYou canโ€™t solve any problems, but you can identify themโ€ - this Venn Diagram is pretty spot on. Thanks Joana Linares for sharing.

๐Ÿ˜น Little eyes are always watching - who else has a little accountant in training at home?


Jobs

๐Ÿ’ผ If you were hired by QuickBooks Live or TurboTax Live, donโ€™t forget to fill out this form so I can send you one of the T-Account Mousepads as a celebration gift!

  • Also, if you were given a job offer by Intuit can you add your timeline to this thread because folks are wanting to know how long is the wait from job offer to start date.

๐Ÿ’ผ I spy 3 openings on CloudAccountingJobs.com.

๐Ÿ’ผ Check out the Job Post Guide in the Facebook group - more jobs have been added.

Donโ€™t forget the standing opps on my Find A Freelance Job article. 1099 and W-2 opps.


Kate Builds In Public

๐ŸŽข I spent $40 in Facebook ads over 4 days ($10 per day) advertising my FREE once-per-month office hours for FreshBooks users. I had 7 people register. 2 people attended. Last month when I did this, I shared with yโ€™all that there were ZERO people that attended. Upward!

Next month for my free April session, Iโ€™m going to start advertising 8 days out. My whole goal for this is to get more members of my paid office hours membership.

๐ŸŽข I finally sold an accountable template to a stranger who watched a YouTube tutorial, which was my goal with that video!

I have a video about Accountable Plans on my client-facing channel. I explain the concept and walk through the template. Then say they can get a copy from me if they donโ€™t want to fiddle with rebuilding the template on their own.

I intitally priced it at $149 to start and every time someone reached out to buy it and I told them how much it cost, they didnโ€™t buy it. So I would decrease it by $10 the next time someone inquired about it. This client who finally purchased got it for $69. I guess Iโ€™ve landed on a market price!

๐ŸŽข I got 1 new training client (at my 2 hour minimum for new clients) and THREE of my old training clients have come back for another hour. I think bookkeeper relationships are pretty sticky. Once I do a good job training them one time, are they really going to take the time to interview/investigate someone else?

  • I love the โ€œget-in-and-get-outโ€ aspect of screen share trainings, BUT, my current problem is wrapping up the call right at 1 hour. I really need to get better, because every additional minute reduces my effective hourly rate.

๐ŸŽข All 3 of my kids are less than 3 years apart, and we are in the heat of the elementary school years. In this 2 week time frame, I get to shepherd the following:

  • Family pizza lunch day

  • 2 book reports (with visuals!) due this week

  • 1 Ben Franklin costume

  • 1 Moses costume (at least my kid didnโ€™t get assigned The Burning Bush like one of his classmates did!)

  • Spirit week for all 3 kids, to include 80s Day, Career Day, โ€œDecorate Your Own Mask Dayโ€ (are you kidding me???), and Sports Jersey day (this one is easy as they will all be forced to wear Baylor University shirts).

Iโ€™m momming so hard! So grateful that my business gives me the flexibility to handle drinking from this crafty fire hose!


From The Vault

โšก Learn about S-Corps and Accountable Plans and the template I finally sold this week in this interview with Josh Standley. You can get his resources to white-label and resell here on his website. SCORPHUSTLE gets 20% off. (This is NOT an affiliate link, BTW.)


Classifieds (Clickable)

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Keep hustling!

Kate -Chief Hustler-


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