Category: Digital Marketing

Vol.6 NEWSLETTER 02/04/2023

Posted on by Biznezz Hub Consultancy in Accounting, Accounts Receivable management, Affiliate Marketing, Affirmation, Bookkkeeping, Business management, Digital Marketing, Growth Mindset, life, Revenue Management, Small Business, Technology, Uncategorized

Bookkeeping for all content creators as small business

Bookkeeping for all content creators as small business

As a content creator, you are essentially running a small business, and bookkeeping is a critical aspect of managing your finances. Here are some tips to help you with bookkeeping as a content creator:

  1. Separate personal and business finances: It’s essential to keep your personal and business finances separate. You can open a separate bank account and credit card for your business transactions. This makes it easier to track your income and expenses and helps you stay organized.
  2. Track your income and expenses: Keep track of all the money coming in and going out of your business. This includes payments from clients, subscription fees, advertising revenue, and any expenses you incur, such as equipment, software, and website hosting.
  3. Use accounting software: Accounting software such as QuickBooks or FreshBooks can help you keep track of your finances and generate financial reports. These reports can help you track your income, expenses, and profits, and make informed business decisions.
  4. Set aside money for taxes: As a small business owner, you will be responsible for paying taxes. It’s important to set aside a portion of your income for taxes to avoid any surprises at tax time.
  5. Hire a professional if necessary: If bookkeeping is not your strong suit or you don’t have the time to manage it yourself, consider hiring a professional bookkeeper or accountant to help you manage your finances.

Content creators incur a variety of expenses and receive several types of income. Here are some examples:

Expenses:

  1. Equipment: Cameras, microphones, lighting, and other production equipment.
  2. Software and tools: Editing software, website hosting, social media scheduling tools, and other software necessary for content creation.
  3. Internet and phone bills: Monthly bills for internet access and phone services used for business purposes.
  4. Travel expenses: Costs associated with traveling for content creation, such as transportation, lodging, and meals.
  5. Professional development: Fees for courses, training, and conferences related to content creation.

Who are your clients/customers

  • Followers
  • Subscribers
  • Donators: Online viewers, who pay in the form of donating
  • TikTok viewers /attendees who gift you for your content or live shows
  • Viewers, purchasing through clicking on your affiliate links.
  • Potential clients: Submitting likes, on your social accounts.

Income:

  1. Ad revenue: Money earned from ads displayed on your website or YouTube channel.
  2. Sponsorships and partnerships: Payment for sponsored content or collaborations with brands.
  3. Affiliate marketing: Commission earned by promoting other companies’ products or services and earning a percentage of the sale.
  4. Subscription services: Income earned from paid subscription services or membership programs.
  5. Sales of digital products: Income earned from selling digital products such as e-books, courses, or music downloads.

These are just a few examples of the expenses and income that content creators may incur. The specific expenses and income will depend on the type of content created, the content creator’s business model, and their marketing strategies. It’s important for content creators to keep accurate records of all their expenses and income to properly manage their finances and maximize their profits.

Biznezz Hub Consultancy

Here at Biznezz Hub Consultancy, we understand, that things can get very overwhelming sometimes. We pride ourselves in matching our services to your business needs. Check out our website http://www.biznezzhub.com

We are not your traditional bookkeepers; we keep ourselves relevant to the micro and macro economy in order to better understand our clients’ needs.

Where can you find us?

http://www.biznezzhub.com

What is this thing called computer?

Posted on by Biznezz Hub Consultancy in Business management, Digital Marketing, Growth Mindset, Technology

Write about your first computer.

The first time I physically was introduced to a computer was, wait 1999. Four years after the first democratic election in South Africa. Being a woman of color in a country with a history of race discrimination named apartheid.

There I was first year in a college, with privilege kids, who probably was years ahead with technology.

I can recall walking into the computer class, feeling, scared, humiliated and intimidated. So afraid that my class mates would see, I don’t know how a computer works. So I sat at a desk obviously accompanied with a computer.I looked and stared at the computer in an unnoticeable way. Hoping the computer might somehow give me a clue of what it was.

Then somehow it waved a hint to me this round like flat knob at the bottom should be pressed to get me started. I sighed a relieve, got this thing started let’s see if it will give me some more hints. The lecturer noticed in what I thought was unnoticeable “I don’t know” behavior and asked me to come around to her class afterwards if I am interested to get some beginner computer basics training.

That was my first experience of and with a computer. If I were to tell the new age generation, I was 19 when I first saw a computer, they will probably think I am exaggerating a bit. In my defense the whole first time computer experience, to me at that time and thinking back still felt like this huge transformational bridge that I had to walk over, not look down to see the height, which will instigate only fear and visualize that the other side of the scary wobbly brigde is this new world with beautiful and wonder experiences, just waiting to be unraveled.