Make Money Online with Janelle

Helping Online Entrepreneurs Make More Sales With Ease

Why this is a super-important, please-don’t-put-this-off-task for new business owners

by Janelle Holden

They say there are two things you can’t avoid in life: Death and Taxes.

After my call with my accountant this weekend I think I might prefer death. 

Yes, my accountant called me on Sunday to deliver the heart-stopping news that my taxes were much higher than I expected them to be. Which, she assured me, when you look at it, is a great thing because it means you made a lot of money last year!

Silver linings be damned.

In case you can’t tell, I’m actually laughing while I type this. I enjoy black humor.

Fortunately, it’s all going to be okay, but I wish I would have done a few things differently, which is why I’m writing this blog post, so that you do not do as I did, and instead you do as I wish I would have done and saved yourself some big time $$$. 

You see, what I did is put off talking to my accountant early last year about my business structure. Well, we had talked about it in January, but the paperwork didn’t get filed for the LLC that I was going to create with a business partner, which is a good thing because that relationship ended up not working out for that particular business.

And after our breakup I fell headlong into making money instead of protecting my money, and simply decided to go for it as a sole proprietor because, I reasoned, I didn’t want the hassle of setting up a corporation and doing the accounting separately, etc. Whoops! 

This meant that I paid self employment tax and was in a much higher tax bracket than if I had set up a business and started paying myself payroll and taking distributions. Sure, I enjoyed having the luxury of commingling funds (they had a good time together) but ultimately, it cost me a lot of money in the end for my funds to have an intimate affair and it’s really no way to do business. 

So, here’s what I would have done, and what I have done this year that I recommend you do too if you truly want to make your living as a coach, consultant, or online entrepreneur. Was that a confusing sentence? Oh well, I’ll try and outline the basics for you here. 

  1. Hire an accountant or an attorney to officially set up your business structure (ASAP): Based on what you expect to earn and your individual tax situation they can advise the right business structure for you and your needs. My new business is an LLC taxed as an S-Corp so that we can do payroll and take distributions but avoid the headache of taking minutes at every meeting. This means that I will pay more in accounting fees (yes, my accountant is happy) but pay a lot less in taxes over time. Yay! 
  2. Take your time and shop for the right business bank for you: You need a business bank account and ways to take funds and pay people easily online. At some point, PayPal won’t cut it anymore. Don’t commingle your business and personal funds. That’s a no-no for a lot of reasons. It opens you up to getting sued personally and it makes it a nightmare come tax time to figure everything out. Setting up a business bank account is also not something you should just do with the first bank on the corner. You can end up paying a lot of fees with the wrong bank so do your research. I still sometimes wave a middle finger at the bank that ripped me off for years (not that it was their fault – I set up the account there, but man there were a lot of hidden fees). I’m going a different route this time, more on that tomorrow.
  3. Keep up with your bookkeeping: I recommend making an appointment with your accountant and bookkeeper at the beginning of each month to look over the past month’s P&L statements, Balance Sheet, and Estimated Cash Flow. You could do this yourself (I don’t recommend it) but setting a meeting with someone else who knows what they are doing will make you stop avoiding looking at your numbers. You gotta know your numbers, otherwise there could be some not-so-fun surprises around the corner, and you need to know what you’re shooting for. By the way, here’s a bonus tip, if this inspires anxiety in you (which it does for me), make sure and bribe yourself to do it by offering some special treat afterwards (spa day anyone?)

Want to get the inside scoop on what’s really happening with Janelle? Click here to sign up for her inside-scoop newsletter. 

How To Fuel Your Business Hustle: 3 Ways To Boost Your Energy And Boost Your Sales!

How To Fuel Your Business Hustle

So you want to know how to fuel your business hustle?

In this blog post I am going to share exactly how I am able to naturally boost my energy everyday and thus, boost my sales.

Have you ever heard these two phrases:

  1. Highest Energy Wins!
  2. It’s Not What You Say, It’s How You Say It?

They are true!

Your energy has an immense influence on your sales.

That’s why having a high energy when you’re speaking to people about your products and services is SO Important.

What this video and I will explain in detail my morning ritual for energy boosting, my nutrition secrets for maintaining my energy, and the one thing every entrepreneur MUST do to keep their energy high all the time.

How To Fuel Your Business Hustle: 3 Ways To Boost Your Energy And Boost Your Sales!

Click Here If You Want To Be On My Invitation-Only List And Be The First To Get More Tips Like This One.

I hope you enjoyed this training on how to boost your energy naturally and boost your sales. Please ReTweet it now if you found it valuable!

Sincerely,

Janelle Holden

Head shot low res

 

The Next New Thing: FB Messenger Marketing

by Janelle Holden

I’ve spent the weekend geeking out on a new course that I just bought. It’s all about the NEW THING in marketing: Facebook Messenger Marketing.

Last year it was Facebook Live.

This year it’s bots.

Now, I’m not particularly a new adopter. I am usually a LATE adopter.

But that has cost me in business. In fact, not keeping up with new technology and waiting until other people master it and then learning it has kept me in a state of feeling perpetually BEHIND.

Don’t you hate that feeling?

So, that’s why I bought this course.

Even though I’m not a huge fan of bots, and I’m usually skeptical of the “new thing” in marketing, I do recognize that email marketing open rates are going down, and there is a saturation point with email marketing.

People are more likely to text or use messenger now to communicate. Unless they are older, and then they favor email more heavily.

Hence, I see the value in learning how to engage with with people where they are at, automatically, without losing the human element. Which FB Messenger Marketing offers!

And, by the way, I’m totally loving this course. I’m only through Module 2 of 50 Modules and feel like I can’t put it down!

Here’s the video I just made about it, and you can click here to read a blog post about how the FB Messenger Marketing works.

I’m not sure when it will be open again for purchase, but if it is, I will share it here for you to check out as well.

***Side note – I am an affiliate of the makers of the product and will get a small commission for purchases, and you certainly can buy it elsewhere, but for those people who purchase from my link, I will provide a support package.***

 

Why do you ask?

by Janelle Holden

Have you ever been asked a simple question about your product or service and given a 5-minute soliloquy that left you with the sinking feeling that you lost them in translation?

If this is you, then you need to learn the 2 phrases to respond with after every question that will instantly up your sales conversion rate. 

Learn them here …

Janelle Holden is a business strategist, sales consultant, and a fan of great conversations. She has an invitation-only newsletter. If you ask nicely via FB messenger, she’ll put you on it. Just click here to connect and ask. 

 

Feelin’ All Right

by Janelle Holden

I just finished a 2-day intermittent fast with nutritional support and feel ah-mazing!

If you don’t know much about it, check out the benefits of it here.

I had to share because I believe that health is wealth. It’s very difficult to create the wealth in your business and freedom you want if you don’t feel well.

May was a rough month for me because of two health scares.

One involved a lot of tests (that fortunately came out negative).

The other was Rocky Mountain Spotted Fever (a disease spread by ticks).

I went hiking and came back with a “friend.”

I tried to keep working while I was getting better, but honestly, not a whole lot got done. Plus I was freaked out the whole time about what was happening inside me.

It was a good wake up call.

After all, I used to be a health coach. And I’ve gradually felt my health slipping this year.

To the point that I had to make a decision. Do I want to keep eating the way I’m eating or would I rather feel better?

So, I went back to what I know works for me. A healthy diet and nutritional cleansing.

And in 2 days I lost 6 pounds, cleared my head, brought my energy up, and feel ON FIRE for business and for life!

And there’s more to come!

So that’s what I’m celebrating today. Great health.

Go Rock It for YOU.

Janelle Holden is a business strategist, sales superstar, and marketing maven. Send her an email if you’d like to be invited to her invitation only newsletter.

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