Entrepreneurship

Featured Topics

This week in... The Penny Hoarder Community

Ashlee
Hi Penny Hoarders! This week we want to give our Veterans a special shoutout. We’ve been celebrating you all week long and are so thankful for your service. Here’s your weekly round up of announcements... In the market for a home? Here’s how to qualify for a conventional loan, which could save you thousands. Check out this quick video our team put together explaining everything you need to know. You can also read the entire article here . Have you found a cool way to make money outside of...Read More...
Hello penny hoarders I’m trying to build my credit up and people telling me to get a credit card and make my payment on time but I never had a credit card before and my credit will not let me get one anyway could someone tell me another wayRead More...
Too bad I missed the early bird pricing on the event. Who knew you guys would be hosting an event on my birthday when I will be in the area as my wife and I finish up the driving part of our 50 State tour! I will be in Orlando which isn't too far of a drive from the event so I am going to try to see if I can make it work for sure. I don't drink but it will be great to meet some fellow Penny Hoarders and learn from some successful side hustlers!Read More...
Last Reply By Lola Jones · First Unread Post

This week in... The Penny Hoarder Community

Ashlee
Happy Friday! Whew! Where has this week gone? Here’s your weekly round up of announcements to get you through today and into the weekend... We’ve crowned our November Member of the Month. Join me in congratulating Lisa Acu ñ a (@lismox) for being selected this month’s winner! We all appreciate your help around here, Lisa. Each month we look to crown a new winner. We’re looking for someone who is super helpful and active in the community. Each winner receives a $25 gift...Read More...
Not a problem, @Lesley Michele .Read More...
Thanks Average Joe😁😁😁😁Read More...
Last Reply By AverageJoe · First Unread Post

How to Organize Your Financial Life With a Budget Binder

Ashlee
Having troubling keeping up with everything in your financial life? A budget binder can help. Here's how to make one! Have you tried this approach to budgeting? I would love to hear more about your budget binders.Read More...
@MountainFan , I'm a big fan of TBM. So glad I found her method!Read More...
After reading some of The Budget Mom's posts, I was looking into making something like this for my home. I was so happy to see this article from The Penny Hoarder shortly after, it was uncanny! I like to combine this idea with bullet journaling a little, making my own mash-up version. I love it.Read More...
Last Reply By KellyFromKeene · First Unread Post

Happy November!

Ashlee
We’ve made it to the end of the week and the start of a new month Penny Hoarders! Who here can’t believe it’s already November? 😳 This week I want to know if you’re a planner or a procrastinator… Do you start planning and budgeting now for holiday purchases or wait until the last minute? What about your New Year’s resolutions? And now for this week’s announcements… We just hit a HUGE milestone Penny Hoarders… 10,000 community members! Join us in a celebratory happy dance, then go check out...Read More...
@Susan L. Miller We have used Freecycle off and on for years. We got the foot and headboards for our queen-sized bed through the program. We have seen many items we no longer use go to other homes that would use them and recommend it heartily! We have also used our "Marketplace" here in our area on Facebook to buy and sell things. There are so many ways to go and programs to use! Happy selling...and as one of our mentors says "Think..and grow RICH!"Read More...
I'm not sure how many were here when I joined the Penny Hoarder Community, but I do know that it seems as if we've grown by leaps and bounds. I've met some interesting people and like having information and ideas coming in! May we continue to grow in numbers as well as in wealth.Read More...
Last Reply By AverageJoe · First Unread Post

Hello, everyone! Nice to meet you!

Ashlee
Hey, everyone! I am Ashlee, your new Community Ambassador. I have worked at The Penny Hoarder since the beginning of the year. I am super excited about my new role in the community and spending more time getting to know all of you here! And, in case you were wondering, my top financial goal right now is saving for the long term. So now for my first official announcement... First, some big news! W e've put together a member survey that will help us better help YOU on your way to accomplishing...Read More...
Hey @BeckAtsila , welcome! Glad to see you here.Read More...
Hi @BeckAtsila , it's nice to meet you!Read More...
Last Reply By KellyFromKeene · First Unread Post

Topics

How to launch a subscription box.

Hi everyone! Sorry for the radio silence lately--I've been both extremely busy and barely working, and trying to figure out a way to make some money. Anyway, one idea I had was a subscription box for pet rats--Facebook has a huge pet rat community and I want to tap into that. If anyone wants to know how to launch their own subscription box, be it a Ramen of the Month or Rat Treat of the Month, let me know. I'll be happy to help you through the process. My passion is my pet rats. They're a...Read More...
It's kind of like HelloFresh in that it's a box that comes in the mail, but for different things such as hot sauce or Austin, Texas-themed merchandise. Check out Cratejoy.com for more info--and to see the one I'm offering.Read More...
Sorry to have to ask this but what's a subscription box?Read More...
Last Reply By BeckAtsila · First Unread Post
Currently, I have a huge collection of educational video tutorials that have to be monetized without the help of youtube. Please recommend an alternate video platform to host and monetize the videos with a subscription-based revenue model.Read More...
Video use in education can be “highly effective.” It really helps students to learn, supports different learning styles, and allows for innovative teaching methods. It brings a more valuable option for your video business. Creators who own a huge amount of educational video content can utilize their own video platform to host and maximize the revenue. You could be built with own educational streaming platform with Vplayed You can maximize your revenue through various monetization models like...Read More...
Last Reply By John Smith · First Unread Post

Google My Business Listing

Why haven't more businesses claimed their free Google My Business listing? It seems to me to be a very effective way to establish a profile to allow your prospects to find you and learn about your business.Read More...
Your business must be listed in Google My Business if you want to be found online in a local search. Unfortunately, most businesses don't understand it's incredible value, and that's why, they ignore it.Read More...
I couldn't have said it any better!Read More...
Last Reply By Beth Worthy · First Unread Post

Business Start-Up

Kermit Netherton
Hello, I am looking to start a Specialized Lawn Maintenance & Snow Removal Business in Ohio but I have bad credit scores in the 500+ range due to a repossessed car a few years ago and small medical bills. About $15,000 or less in debt. I have tried to get a "Debt Consolidation Loan" but to get caught up but to no avail. I use to bring home good money as a truck driver but was still struggling to get ahead, then I had an accident and rolled my truck over and lost my job. I was off work...Read More...
My husband is self employed as well, so I know what you are going through! First off, have you tried to get a loan through your local bank or credit union? If you own a house, you could be able to secure a home equity line of credit to buy the items you need. Another option is zero-interest-for-X-amount-of-months credit cards, IF you can pay them off in the time frame & if they will approve you, which I'm not sure about with your credit score. You might be able to qualify for a "store"...Read More...
Last Reply By A.Gonzalez · First Unread Post

Small Business Tips & Tricks

Kirsten Cherry
I am starting a small business that makes specialty drinks (boba, bubble tea) and I am looking for any tips! We aren’t going to have a brick and mortar, instead we will be working farmers market booths and eventually get a food truck or trailer. Today was our first “pop-up” and it went fairly well. We want to jump in and get all of the licensing in order to sell at markets in the area. Does anyone have any tips for opening a small business?Read More...
Kirsten, I like these two sites for business owners (Forbes and Inc.), refer back to them quite often, and read a lot of articles from their Facebook pages.......or sign up for their newsletters if you are inclined: https://www.forbes.com/entrepreneurs https://www.inc.comRead More...
So much advice..........and I recommend speaking with a CPA to get the most updated advice because profit has to occur at some point to remain a business. Lots of tax rules and awakenings if you've never owned a buisness. If that base is already covered, just keep track of every penny coming in and going out. New business owners often cannot pay themselves for quite awhile so make sure you are prepared. You said your business was going to be a specialty business, so staying on top of trends...Read More...
Last Reply By mintjulep · First Unread Post

Starting your own business

Anyone here that own their own business whether it is brick and mortar or small business that you work from home? What is your experiences..Good or bad..Read More...
@LeighofMar That is exciting!! Keep us posted please! We would like to RV and work at the same time so interested in your adventures!Read More...
Its just us two and we can manage everything ourselves now with a laptop and phone. We are right now planning a nice RV tour through Virginia and will dedicate the first half of Mon-Wed for work and the rest is sightseeing and relaxing. I cant wait.Read More...
Last Reply By mintjulep · First Unread Post

The Importance of Taking Action

Moore Income
If you hang around any internet marketing or "make money online" circles for any length of time, you are sure to hear all about the importance of taking action. And rightfully so, because taking action truly is what separates those who succeed from those who don't. This past Saturday I had an experience that reminded me just how important taking action is and how it can be profitable. Friday night, I was searching Facebook marketplace for potential items to resell on eBay. I found this one...Read More...
@KellyFromKeene great resource and idea, thanks for sharing! To everyone else, I encourage each of you to take action on a daily basis. And feel free to share anything you are taking action on in this thread!Read More...
@KellyFromKeene This is a very helpful idea. It's simple, too. I love it!Read More...
Last Reply By Moore Income · First Unread Post

Starting your own business, first time entrepreneurs.

mintjulep
We've successfully managed a business from our home for more than 20 years. We had a bit of an advantage because I also had a job that brought in income while my partner in life was able to quit his job to get the business started. I was a self-employed, experienced real estate agent with a good client base so I could take over paying bills. If one does not have that reliable income to fall back on, it's important to have some source of savings or a business loan to support your normal...Read More...
I had my own business for 12 years and it really was the best job I ever had Life necessitated that I make some changes to a traditional 9-5 with benefits for the time being, but I have every intention to return to being my own boss full-time in the future. I have been hitting around the idea of doing it again part-time, just not sure if it's the right time for that.Read More...
@mintjulep This is great information. Thank you and congratulations on your successful business. I've been considering starting my own business for a while. I just need to take that leap.Read More...
Last Reply By KellyFromKeene · First Unread Post

Cut Flower Sales

Wen Dee
Curious if anyone on here as homegrown flowers to cut and sell at farmer's markets or other places. If so, what type of license did you need and what price range did you charge? I'm in Florida. Thanks.Read More...
WEN DEE your very welcome. Glad I could helpRead More...
@Bonnie Squires, thanks for your reply, it is very helpful.Read More...
Last Reply By Bonnie Squires · First Unread Post

What was your biggest challenge getting started online?

Deon Christie
It all started with a single email, and I will never forget the system. Click Cash Commissions was some sort of code to enter on your website or blog. And at the time I didn't even have a blog. Needless to say it didn't really work for me, but it did however spark a curiosity rather unexpected. Allow me to add, I knew nothing about anything online marketing. But the claims looked promising. Therefore my biggest challenge was choosing a niche I knew nothing about. And had really limited PC...Read More...
DEON CHRISTIE so true what you said.Read More...
I think we all get sucked down that rabbit hole @Bonnie Squires . Especially with all the glittering " proof " right? One of the methods to create compelling content is to address a common need within a niche. Now who doesn't want extra cash? Which is why it's such an effective marketing tactic. But I have grown quite considerably since. Much wiser these days.Read More...
Last Reply By Bonnie Squires · First Unread Post

What to do with this site.

Bonnie Squires
Hello every one I've had this site since about 2007. When I had a domain for it I was making about $50. The site is free but it does have art now on it I can pay extra so there name isn't on it. This site is a personalized site for tee shirts,key chains, mugs and so much more. Only thing is it takes a month for the person to get the items. I was thinking about giving it another try but i think the site needs a hole new look. I all so get points for people making there own website which i can...Read More...
All good @Bonnie Squires . Just let me know if you need help, and have a lovely weekend.Read More...
I've DEON CHRISTIE thanks for following I've not done any thing with the site yet.Read More...
Last Reply By Deon Christie · First Unread Post
Through personal experience most " Traffic Packages " are nothing more than robotic " hits ". Especially the really cheap ones from insecure sites. Which will destroy your blog ranking capability in search engines. And if you're still looking for a " Traffic Package " that will generates sales? Then good luck to you. Because that is not the purpose of most " Traffic Packages ". The really worth while packages will boost your analytic result in search engines. And boost your site Alexa Rank...Read More...

E-commerce Tips & Tricks?

Kirsten Cherry
Out of the 2,400 (and counting) people who are using this community, I know there are many out there who have been successful with an e-commerce business. Let's make this the thread of all e-commerce wisdom. If you had or have a successful e-commerce business, please answer the following questions to make it easy for all readers to find the answers they are looking for. (Just copy & paste and fill in with your answers): 1. Why did you start your e-commerce business? 2. What website do...Read More...
Couldn't agree more @Moore Income . Start small and do your research. Stick with what works and focus on one method at a time. I believe creating an online income is all about how much knowledge you have. Which determines the quality of your content and ultimately conversion.Read More...
And you're quite right @Kirsten Cherry . Many people have been successful online, but it does take a lot of time. It did for me I can assure you. 1. Why did you start your e-commerce business? I have to go with pure curiosity. A single email sparked a curiosity into the logic of making money online. But I also have to admit I was looking for ways to supplement my income. The curiosity however is what kept me going. 2. What website do you use to sell your products ? I use my own blog and...Read More...
Last Reply By Deon Christie · First Unread Post
There are the two options namely paid and free traffic. Where the best free traffic will always be SEO. Because no other site process even close the unique searches Google does per day (over 3.5 Billion). Another great way to generate more free traffic is YouTube videos. Which also involve a lot of videoSEO. What they don't tell you is that even with the best keyword and search phrase placement. You do need steady visitors to show up in search results. Not necessarily thousands, but steady.Read More...

Side Hustles - Are You Cut Out To Be Your Own Boss?

Do you need more money to make ends meet? You could get a part-time job or start a side hustle business. A job doesn't require a startup investment but often doesn't end up paying well. A side gig could pay off big time but requires investment capital and sweat equity to make it grow. What's right for you? Do you have the determination and self-motivation to make a side hustle work? I started a business as a side hustle in 1981 and grew it into a successful full-time enterprise that I still...Read More...
Schools and universities typically do trash pick in-house. There are far more small to medium size retail plazas, office buildings and industrial properties to service.Read More...
@Brian Winch I am curious, do you provide services to any Schools or Universities or are these not typically part of your target market?Read More...
Last Reply By Brian Winch · First Unread Post

What to do if you cannot afford hosting costs?

Deon Christie
Speaking from experience, I know how hosting costs scared me getting started. And not to mention the necessity of adding the Yoast SEO Premium Plugin for WordPress. The two most important factors of having a profitable blog. I soon realized that “ Basic ” or “ Shared ” hosting however effective. It is advised to rather try the more advanced hosting options. But to afford all that is another story all together because it is expensive. And if you live in South Africa, with the exchange rate...Read More...
And you're quite right @Moore Income . Another SEO requirement resulted in me having to edit all posts and pages (80). I had no sub titles in blog posts. Which is now required while each paragraph below a sub title cannot exceed 300 words.Read More...
DEON CHRISTIE thank you if i need help i'll let you know.Read More...
Last Reply By Deon Christie · First Unread Post

I NEED A GOOD IDEA TO BRING MONEY TO THE TABLE.

ILOVEKJL
RECENTLY I LOST MY LOCAL BUSSINESS OF MY CLEANING COMPANY. I GUESS WITH EVERYONE WHO ARE LOSING MONEY THE FIRST THING TO STOP IS A LUXURY THAT CLEANING YOUR OWN HOUSE MUST BE. SO IF ANYONE HAS A IDEA FOR LOW INCOME TO MAKE MONEY FROM PLEASE LET ME KNOW AND I WILL OWE YOU ONE AND I DO PAY BACK EVERYTHING THAT ANYONE GIVES TO ME I PROMISE YOU THAT. GOD BLESS YOURead More...
Thank you. Yes, I'm more than happy to answer any questions about Cleanlots. I offer free support.Read More...
I find the story of @Brian Winch to be an inspiration of what can be done when you really put your mind to something to make it work. I would encourage you to read a little more about what he did , and who knows, maybe it would be something that you could pivot into. I am sure he would be glad to answer any questions you may have as well.Read More...
Last Reply By Brian Winch · First Unread Post
Search engine optimization also known as SEO. While search engine ranking is important. Showing up in search results is where the real traffic comes from. Therefore many sites that show up on the results page is not necessarily a Page Rank One site. Quite the contrary. Because to appear on the result page is determined by your target search phrase density. Or target keyword density. The trick however is to use the search phrase or target keyword within context of the content. Suggested...Read More...
From what I have heard, Google no longer allows people to track page rank. All of the sites allowing you to "check page rank" actually aren't showing correct information because Google stopped making that info available a while ago. Here is an article talking more about this . Google still uses PageRank when ranking websites, but this information is no longer available to the public. MOZ did create a tool to better measure your SEO. This is done by providing you with a Domain Authority and...Read More...
Last Reply By Moore Income · First Unread Post

YouTube and Google Ads (Formerly Google AdWords)

Deon Christie
The particular channel I used to test this particular method. Was only launched Thursday 28 February 2019. And did result in far better results than I have anticipated. With YouTube Video, target keyword placement and the Hashtag plays an important role to getting exposure. But that's a topic for another time. Now I’m just going to briefly explain exactly what I have done. To leverage Google Ads and YouTube showing actual sales in my ClickBank account. Because to do a step by step from new...Read More...
Thanks @Moore Income , must admit it was better that I expected. Actually the link in the video description is an affiliate offer. But also a membership I use to own the first two URLs in the video description. Because I prefer to promote that which I know for a fact works. I'm truly impressed by the two sites included in the Membership. Basically the one site is much like a live chat where the visitor is guided toward an appropriate offer. And the next is to a very well designed blog with...Read More...
@Deon Christie that is impressive! And the fact that the video is a presentation with text and music is cool because it is something nearly anyone could do. Is the link you are promoting your own website with affiliate offers or is it an affiliate offer?Read More...
Last Reply By Deon Christie · First Unread Post
Although it is nice to make a few extra dollars on the side. But most people however do work toward the " quitting your day job " Kind of online income. The effort requirement however is exponentially more demanding. Making a few extra dollars online require a lot less effort and can in most cases be fairly easy to achieve. But if you are thinking of working toward the quitting your day job kind of income, then be prepared to apply maximum effort. Which primarily involves building interested...Read More...
Same here @Moore Income , but once I realized LinkedIn's potential I started digging deeper. I find that the tool works well for attracting group members, and I use it only to send a welcome message to new connections. Automation can be a great tool, but moderation is really important. And with Linkedin especially one need to be extremely cautious with automation. Because not all automation tool content is accepted by LinkedIn. And may in some instances result in getting suspended or even...Read More...
FollowingRead More...
Last Reply By Deon Christie · First Unread Post
Now this is from a blogging point of view, because you want your blog to actually rank min all major search engines. And SEO is not quite as complicated as is often assumed. But rather pretty logic if you know the basics. I'm going to guide you through the basics of keywords and strategic placement. We will cover graphic design and ranking secrets at a later point in time. Why a blog is important to make money online Because it is your chance to proof to your readers that you are as...Read More...
Only a pleasure @Moore Income , and right you are. SEO have no final destination, and requires precision above all. Simple strategic target keyword placement can make the world of difference.Read More...
Thanks for the information post about SEO. SEO is an ever changing topic but it is something that website owners and especially bloggers need to stay on top of.Read More...
Last Reply By Deon Christie · First Unread Post

How to build your credibility through recognition

Deon Christie
Knowledge and presentation are the only "secrets" to actually making money online, instead of dreaming about it. And knowledge can only be obtained through research, which will lead to recognition. The only difference between the super successful online earners and the ones not quite as successful yet, is time. Recognition starts with social media, from Facebook and Google+ to Twitter with no exception to LinkedIn. But with a faceless profile you will have a hard time convincing audiences...Read More...
Only a pleasure Bonnie, wishing you all of abundance and prosperity.Read More...
Thank you very much . I'll will look at your blog post and if I have any questions i'll ask. Thank you so much. bonnieRead More...
Last Reply By Deon Christie · First Unread Post

Let's talk WordPress plugins with a dash of Google

Deon Christie
What are plugins and why are they important with professional blogging? Plugins are blogging tools and simplifies most of the more technical tasks with blogging. Like SEO (which is a nightmare to newbies), and https protocol issues which can make potential subscribers feel unsafe. But each plugin has a specific purpose, and the key is to use them in order to achieve a certain result. Or perform a specific task, like in post banner displays. How do plugins influence Google? Google is the...Read More...
I too started with All In One SEO, but strongly advise you to keep going with Yoast. Nothing wrong with All In One SEO getting started, but more and more pro bloggers (Neil Patel) are using Yoast. The Yoast SEO Premium is a little expensive, but an investment well worth the sacrifice (around $88 I think). I have learned much of what I know about blogging SEO from Yoast. Through the free courses they offer as a premium subscriber. SEO is about a whole lot more than the keywords, because there...Read More...
I have used All In One SEO in the past. Currently, I decided to give Yoast a try. Not sure how much I like it yet. I might ultimately end up switching back to All In One SEO. Have you used any plugins for comments? I have always just used WordPress' native comments but decided to give DISQUS a try. I have heard that Thrive Comments are also good but I think you have to use it with a Thrive theme.Read More...
Last Reply By Deon Christie · First Unread Post
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