![]() I think it gives you a bit of flexibility as you're learning, then you can kind of build into it and then switch over. Jordan: I think definitely starting with hourly is a good way to do it. I generally charge anywhere from $25 to $75 an hour to do the catchup. That's going to be a bookkeeping fee that's an hourly rate and then I will tell them “I will get you caught up and then we will go into the monthly but this will be a different fee”. Well, that's a completely different cost because that's not going to be part of my setup. ![]() And then I’ve had clients come in and they want the service but then they want me to get them totally caught up and it's two or three years I’m catching up. So, you have to establish an EIN and sometimes if they're doing payroll, you have to establish the payroll withholding numbers and stuff like that. They don't understand that's not a safe thing to do in today's time. Some people just are still running socials. It's going to include getting their books set up, getting it started depending on if it's a brand-new business, if it's an established business, what do they have, what do they not have in way of EIN numbers. I try to set it to where I have a setup cost and then a monthly cost. And so, you have your profile online and you have the services you provide and people do actually contact you through that.Ĭheri: That is a really difficult thing especially for me. And then the QuickBooks Pro Advisor, they have a search engine. If I can ever help you with anything, I’d love to talk.” And so, that's actually been a good way to get business. I like working with good business owners and here's my card. So, if I use their services and I really enjoyed it, then I’ll tell them like “Hey, you did a great job. I’ll give my business card to anyone with a business. I have social media and I would try to post helpful things and educate people and then say “Contact me if you have questions” or just kind of be out there. I have a Google and a Yelp page but I haven't really done just like straight advertising. I’ve never done Facebook ads or Google ads. ![]() A lot of times, if you're just doing the bookkeeping like I was, you contact their CPAs if you have any questions about how something should be handled, and you're in communication with them and if they like your work and know you and trust you and you answer their emails and calls, then they'll always send more work your way. And then my second client was a girl I knew from high school but I met with her CPA, and then from her CPA, they referred people to me. ![]() I can help you set them up and do it monthly” and she said “Yeah, okay.” And so, that was my first client. Getting your books good from the start is very important. There was a business opening in our neighborhood and she had a sign that said she was opening soon and I was like “This looks like a really cool business.” So, I contacted her and said “You're starting your business. Jordan: My very first client was a cold call. So finding that sweet spot in charging the agreed-upon work is important, so that you can really make more for the hours that you work. And so, you get paid more per hour whereas with the bill by the hour, you actually get paid less as you get faster. And, of course, you get more efficient and you get faster. And so, you charge $500 dollars a month for a set of agreed upon procedures. I did the same thing because you don't know what else to do, and at that point you don't know how to gauge how long it's going to take you to do it, so you bill hourly and you could charge $45 to $55 an hour.īut once you know how long it's going to take you just by estimating, you can do an agreed upon rate. ![]() A lot of people, when they start their business, they bill hourly and I get it. So, working full-time, you will make more. Working full-time, I just have never done that. And this is just working by themselves, maybe not even working full-time. Jordan: I think for just like a person doing it by themselves, you could make easily $3,000 to $6,000 a month or more. ![]()
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