Monetize Your YouTube While Quarantined

The coronavirus pandemic has opened up many eyes of people who may not have considered additional streams of income. This pandemic has claimed the lives of many and has also claimed the lives of many people’s finances.

To reduce the spread of the virus, many cities, states, and countries have chosen to quarantine communities which mean that jobs and businesses had to close too. With jobs closing its doors due to the pandemic, although some workers will be compensated during this time, others are left with little to no income to survive from and wondering how they will maintain. There are a few ways that you can take advantage of being inside and making good use of the internet. One way is to start that YouTube vlog you have been putting off and work to monetize it.

Here's how you can monetize your YouTube while quarantined:

Step 1

Become a YouTube partner. To become a YouTube partner you must have at least 1,000 subscribers and 4,000 watch hours within a 12 month period. To learn more visit https://www.youtube.com/features.

Step 2

Sign up for Adsense account.

Step 3

Enable Ads once you have been accepted as a YouTube Partner.

For more information visit https://support.google.com/youtube/topic/9257986?hl=en&ref_topic=3230811,3256124,

3 Reasons You’re Losing Customers

Starting a business is a wonderful thing and sometimes it may even seem to have been the easiest thing you have done once you get your business up and running. The real work comes when you have to consistently find ways to keep your brand in front of customers to gain new customers and to retain your current customers. There are certain things you will never know about business until you are actually in business for yourself and one of them is knowing how to stay in business.

Although there may be many factors that keeps a business in business, one of the major keys to any businesses is retaining their customer and attracting new customers to buy their products or services. Also, your business may experience some frustrating factors that you may question as it pertains retaining customers that your company serve.

Here are three main reasons your business is losing customers and why you must always stay ahead of the curve and listen to customer feedback.

1. It’s just business and it doesn’t mean it’s your fault. Losing customer is not always the fault of the business it’s just a part of business. Customers will come and go, therefore it is important for your company to always stay of head of the marketing curve and to implement innovative ideas and strategies as it relates to your business and industry.

2. Customers just want to try something new. Sometimes it’s just that simple your customer want to try something new, they may have moved, your business pricing don’t fit their budget anymore. Here’s an example, I shop more at Kroger over Publix because of Kroger prices combined with the incentive fuel discounts for shopping. Also, as of recent I’m a shareholder of Kroger, which make me part owner. I’m a regular, irregular type of Publix shopper, because I go when the BOGOs are good.

3. You haven’t made any upgrades to your business. Although customers don’t always like to adjust to your business upgrades when it comes to how they have to do business with your company, they want to see your business upgrade. There are two types of ways a business can create upgrades: (1.) how the business do business with its customers (2.) how its customers do business with their business. An example of an upgrade that might change the way your customer do business with your business is; self check out lines, online booking apps, online banking, online bill pay to name a few. These type of upgrades typically are pains for the customer because people initially hate change. They may be growing pains for the company as well, but eventually all parties will adapt. Hang in there. An example of an upgrade in how the business do business with its customers; upgrading the service it provide through customer service and/or the actual service, introduce new products, provide customer education, concierge service, personal shopping to name a few. A business can also make upgrades to its facility as well.

Now that you know that you will lose customers anyway and you have a few reasons they may leave, take the time to assess your customers needs by doing a survey, asking questions and then listen. Once you know what it is your current customers are looking for you can prepare to keep them by making upgrades to your business that suit their needs. Also for attracting your new customers, ask the internet streets what they are looking for, listen to them and make your move on the market to obtain them.

Tax Season: What Business Needs When Filing

Tax season is in full effect and many Beauty-prenuers typically run from filing their taxes. Filing your taxes is not a hard process if you have systems in place that help keep your business expenses and revenue in order. When you are ready to file your business taxes, which is due by the 15th of March, what a tax professional typically want to see is your business Profit & Loss Statement.

What is a Profit & Loss statement? It’s a simple document that outlines the expenses of your business and the revenue that it made. Then it will also identify your business net income for the year based on your expenses minus your revenue. When keeping your business revenue and expense records you should keep the following receipts and/or reports for tax purposes:

1. Revenue reports. Does your business have one or many sources of how it receives its revenue? Examples are different POS (point of sale) providers like Square, Stripe, PayPal.

2. Expense reports. This report list can get really long so here are a few expenses that a business can write off on their taxes, so be sure to keep your receipts and a full report in your business file cabinets. You never know if your business taxes will be audited and you want to protect your business by keeping those documents in a safe place.

Payment processing fees from your POS (point of sale systems).

Business insurance.

Rental cost.

Equipment and tools.

Office supplies.

Website & subscriptions fees.

Marketing/Advertisement.

Educational classes, seminars, workshops. Phone bill and other utilities.

Business gifts.

And so much more expenses and earned revenue can be taken into account when prepping to file your business taxes. The key stress reliever is to ensure that you do great record keeping throughout the year yourself or hire someone or buy systems like QuickBooks, that can keep your business records for you. To ensure your business is on the right track with filing its taxes it’s important to seek a tax professional that can guide you through the process.