How to pick a Niche for your bookkeeping business

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  • Опубликовано: 4 окт 2024

Комментарии • 38

  • @crystalmorrison4463
    @crystalmorrison4463 Год назад

    Absolutely fantastic ideas! 🙌🏻

  • @DWerth-hk5ig
    @DWerth-hk5ig 5 месяцев назад

    Thank you. Excellent content and inspiring too.

  • @carlhammill5774
    @carlhammill5774 Год назад +1

    Hello,
    I think you bring up some really good points on picking what your passionate about. I have degree in Accounting & Nursing and I was going to broadly target the medical field for my bookkeeping services startup. I felt just ok about that decision. However, When I watched your video I realized what really drives me is healing and homeopathic medicine. I only want to do this part time (run another business with my wife) and I hope there are enough clients in those specific areas. Thank you for insight.

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  Год назад

      You're welcome. I'm glad you were able to gain clarity into your niche.

    • @yanettebw8754
      @yanettebw8754 2 месяца назад

      @@5MinuteBookkeeping Hi,I also worked as a CNA but I finished an associate in accounting,do you think will be ok to go for medical and billing or it’s totally different?

  • @lionhoneyfilms1460
    @lionhoneyfilms1460 Год назад

    Very helpful. Thank you.

  • @patriceshelly9084
    @patriceshelly9084 2 года назад

    Hello Mrs. Veronica!! Great explanation on how to niche!! Thank you soo much!!

  • @francehoude2246
    @francehoude2246 4 года назад

    Hi Veronica,
    I’m from Montreal, and french speaking. Thank you so much for all the explanations that you give us, it makes so much sense!
    I’ve done some bookkeeping in the past for different companies, but was getting bored. Now I understand why that was the case, this was because I did not like the field that the compagny was working in and it was boring for me. Me too, I love art, sewing, drawing, painting, etc. I would love the idea to do bookkeeping for these types of businesses! Thank you so much for your videos! I’m working on learning the QBO system at this moment.
    France Houde

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  4 года назад +1

      Hello France. I think it's a great idea to narrow your niche to work with makers and artists. There are many people in that niche who sell on Etsy or Shopify. You could also join the Crafts Industry Alliance (I'm currently a member).

  • @mafidelapascual5115
    @mafidelapascual5115 2 года назад

    Amazing Veronica, your such a blessing , you are sharing your experiences and knowledge to this career we have, thanks and God bless, continue sharing great things and topics to us😚💓

  • @rickeyhughes7380
    @rickeyhughes7380 4 года назад +1

    Hello, Miss Veronica. This is Rickey Hughes again. I have just watched your most recent video about picking a Bookkeeping niche. I think if I were to pick a Bookkeeping niche, it would be with churches, cleaners, grocery stores, or small business restaurants. I think I would also consider small business newspaper companies since I used to work at a small business newspaper company, doing Bookkeeping and Accounting on that job.
    If I have anymore questions, I will let you know. I would like your response about this whenever possible.
    I thank you, so much, for sharing this video, and do look forward to hearing from you again, even about the video you just shared. Again, I thank so much, and do look forward to hearing from you.

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  4 года назад

      Hi Ricky. It sounds like you have some good ideas for a niche. The goal is to eventually narrow it down to one niche.

  • @kimberlymarvin276
    @kimberlymarvin276 4 года назад

    Thank you so much for the great advice! I really like the idea of finding a niche. Trying to be everything to everybody is hard and takes a lot of time that I don't get paid for. I can see if I get really good at one market, it will take less time and I will serve them better. Win/win!!!

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  4 года назад

      You're welcome. Now the key is to find a niche in industries that are considered "essential businesses".

  • @casachinrathi5687
    @casachinrathi5687 4 года назад

    Wow that is so much help Monika. Thanks very much

  • @rickeyhughes7380
    @rickeyhughes7380 4 года назад

    Thank you. I will try what you made mention.

  • @kabaray33
    @kabaray33 3 года назад

    Thanks for the advice.

  • @goldengriffon
    @goldengriffon 2 года назад

    Amazing advice, thank you! However, your Facebook page link is not working at the moment (September 30, 2022).

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  2 года назад

      Thanks for letting me know. Please try the link again or go to facebook.com/groups/5minutebookkeeping

  • @ua-freedom
    @ua-freedom 2 года назад

    Hi Veronika, thanks for sharing this interesting content. How complex do you think is a real estate niche? Are specific specialization or additional qualifications necessary? Thanks

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  2 года назад

      Hi. I don't work with real estate clients. Look for the training provided by Seth David. I believe he teaches real estate bookkeeping.

  • @bluejay6229
    @bluejay6229 2 года назад

    Hi Veronica!
    I have a question, about narrowing down a niche specifically in the online content creator realm. Do you know if bookkeeping is being sought after in realm? I would assume so because of payments that’s being made and incoming revenue. Also how to go about getting clients or finding those kinds of spaces? I’m a bit excited and trying to get more understanding about the process. Thank you in advance!

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  2 года назад

      That's a great question. Yes, I think that would be a good niche because many content creators sell courses and their income has to be recorded a particular way. I have clients who use Kajabi. You could also find clients who use Thinkific or Teachable. You would likely need to look for those clients in Facebook groups. RUclips is another good option if you want to make videos.

  • @normanocampo4466
    @normanocampo4466 2 года назад

    Hi Veronica, I would like to raise a question, do XERO and SAGE a popular Accounting / Bookkeeping apps in the US and Canada? Thanks.

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  2 года назад +1

      They are known and used in the US and Canada but QuickBooks is by far the most popular.

  • @roshanpremasiri1489
    @roshanpremasiri1489 4 года назад

    What about e commerce @t it suitable for beginners?

    • @VeronicaWasek
      @VeronicaWasek 4 года назад

      E-commerce is quite complex. You have to understand PayPal, inventory, cost of goods sold, sales taxes, payment processors, and clearing accounts. I highly recommend finding a micro-niche in e-commerce such as I have. I specialize in Shopify sellers. You could work with Etsy sellers, Amazon sellers, etc.

  • @bouncybutterfly7753
    @bouncybutterfly7753 3 года назад

    Yes. You pronounce it correctly. 😁

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  3 года назад

      Thank you!

    • @bouncybutterfly7753
      @bouncybutterfly7753 3 года назад

      @@5MinuteBookkeeping THANK YOU!!! This was very helpful and gave me a great push to think of how to niche down.