|
Again hello 👋 to the new faces here this week! It's crazy to see how fast this corner of the internet is growing 🤯
This month I've been digging deep into the subject of UGC, how to get started with it, and of course how to eventually turn it into a real business!
As this is a space for CONTENT-PRENEURS I believe it's so important to talk about the stuff that no one wants to talk about - the real part of actually turning it into a 'business'
You're starting to see that traction from content online, you landed your first couple of UGC brands, you're noticing your content alone is generating $$$...now what ?
[insert disclaimer - please do your own research, this is my personal knowledge and experience]
As soon as you pass the 'proof of concept' part which means "YAY I found something that's working" that's the moment to get serious.
1) Register your business (check your state/country laws)
2) Open up a business bank account - I recommend Relay Bank it's the only completely free bank that allows you to have multiple accounts with no fees, balances, etc. Click here to try it
3) Do research on taxes (again, this varies by state/country) I follow the Profit First method which means any $ that comes in is automatically allocated into buckets:
- Taxes
- Owner's Pay
- Expenses
- Profit
That way, even if it's $1, I know what is going where and i'm running my business efficiently.
4) Stop worrying about the business name, colors, website - 99% chance that will all change down the line!
As exciting as this moment of finally getting off the ground with a business may be, it's also a moment where you need to stay focused and not focus so much on the little tiny details!
Spending days thinking about the 'right name' and the best colors, or hours designing a website isn't going to help at this point.
This is the moment where it's time to actually go really hard on what you saw was working and see how far you can run until it's time to start perfecting each detail!
That means - reach out to more brands about UGC, post more of what's working, keep promoting that affiliate that's bringing in the $$$
|
