Passive Online Ideas for Accountants

15 replies
Hi,

Would any one have any suggestions for passive online income ideas for someone in the accounting field?

Thanks,

Lance
#accountants #ideas #online #passive
  • Profile picture of the author jeremy49
    As an accountant you are in an unbelievable position of trust already. The trick is not to jeopardize it with out and out selling letters etc...

    I would give your existing clients good marketing advice by interviewing other providers eg Website designers etc and you take a 50% share of all ongoing sales.
    You could, if you trust the provider, brand it under your name, but it is risky.

    In the UK we have Estate agents who sell houses, but one of their major sources of income is from Mortgage guy, who sits in their office selling mortgages. The Mortgage guy or Girl works for a Broker or Bank. The Estate agents in effect get a passive income from just letting the mortgage consultant sit in their office.

    I trust that this has now sparked some ideas for you, but if it is not clear ask me again.
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    • Profile picture of the author lancejm
      Hi Jeremy,

      Thanks for the advice.
      I actually work full time, so I don't actually have any private clients at the moment.
      Was just looking to see if there was any semi-passive niches online that would work with my accounting background?

      Best Regards,

      Lance
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    • Profile picture of the author kindsvater
      Originally Posted by jeremy49 View Post

      As an accountant you are in an unbelievable position of trust already. The trick is not to jeopardize it with out and out selling letters etc...
      This implies anyone selling is untrustworthy and is bad advice. There is nothing wrong with "out and out" selling, unless one conflates that with bad selling. If you have a good product your clients would be interested in, you come right and out say you are selling it because it is something you believe they would benefit from.

      Originally Posted by jeremy49 View Post

      I would give your existing clients good marketing advice by interviewing other providers eg Website designers etc and you take a 50% share of all ongoing sales.
      Say what? Are you going to interview Craiglist email scrapers and recommend those to your accounting clients for a 50% share? Of course not. There is no match between you, your clients, and the offer.

      The only thing you have indicated you have expertise in is accounting. If you have a web designer who created a great website for you and you send a referral to your clients who need a website or website upgrade, that is one thing.

      But it would be idiotic to interview web designers and send promotions to your clients for web design.

      Here are some better ideas:

      - You take your tax knowledge and create reports which can be sold and membership areas which can be subscribed to.

      That's a no brainer. I've already done it for a number of tax issues. Your expertise flows naturally to the product and it is something your clients will be interested in. Mine have been very thankful.

      All you have to do is take a difficult, vague, interesting, or popular tax issue you recently dealt with and researched, write it up and sell it. Literally, your clients are paying you to create products you can sell to others.

      This matches your expertise with accounting clients.

      - You review products already in use in your office, such as Lacerte versus other software, where you have affiliate links or just AdSense ads. These are $10,000 per year programs. Your market is other accountants or CPAs.

      Again, your expertise matches the product.

      This matches your expertise with accounting professionals.

      - If your accounting practice is niche specific, such as most of your clients are in a certain industry, then you look at products in that industry.

      You're the accountant for gym professionals and get clients in the gym. Let me tell you about AcmeP100X, it's great for _____. Even better is if the product could be a tax deduction.

      Or, you're the accountant for newly divorced dads in the area facing tax issues they have never seen before. Your clients know your niche and would be receptive to a dating offer to help them out.

      This matches your expertise with a niche intertwined with your expertise.


      You can of course combine these and create new avenue streams. Handle a recent interesting tax issue for a gym professional? Suddenly you have a product to be niche marketed to other gym professionals.


      .
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      • Profile picture of the author lancejm
        Hi kindsvater,

        Thanks for the advice.
        My background is not actually in tax but more in supporting accounting software.
        The niche I am interested in though is ecommerce.


        Best Regards,

        Lance
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      • Profile picture of the author jeremy49
        Originally Posted by kindsvater View Post

        Originally Posted by jeremy49
        As an accountant you are in an unbelievable position of trust already. The trick is not to jeopardize it with out and out selling letters etc...
        This implies anyone selling is untrustworthy and is bad advice. There is nothing wrong with "out and out" selling, unless one conflates that with bad selling. If you have a good product your clients would be interested in, you come right and out say you are selling it because it is something you believe they would benefit from.
        Originally Posted by jeremy49
        I would give your existing clients good marketing advice by interviewing other providers eg Website designers etc and you take a 50% share of all ongoing sales.
        Say what? Are you going to interview Craiglist email scrapers and recommend those to your accounting clients for a 50% share? Of course not. There is no match between you, your clients, and the offer.

        .

        This implies anyone selling is untrustworthy and is bad advice.


        No it does not mean this at all.

        I was simply stating that as he has clients already who trust him with their confidential affairs, he is in a position to recommend other trusted professionals to them. A good professional salesman could also do the same for his clients and recommend other trusted professionals.

        Say what? Are you going to interview Craiglist email scrapers
        Again absolutely not. you interview people to provide valuable information to clients from other trusted professionals.
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  • Profile picture of the author stevenjacobs
    Banned
    you could setup a membership site and charge a monthly fee
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  • Profile picture of the author jeremy49
    My background is not actually in tax but more in supporting accounting software.
    The niche I am interested in though is ecommerce.
    Hi Lance
    are you an Accountant?

    If you are, you could write "An Accountants guide to choosing ecommerce software" then either sell it as an ebook or better still, use it to lead generate affiliate commission for introductions to software companies. You may have be careful with your current employer.
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    • Profile picture of the author lancejm
      [DELETED]
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      • Profile picture of the author Dave Espino
        Hi Lance,

        You could take several of the above ideas and turn them into a Udemy course, which will have a higher perceived value and will position you as the expert.

        Udemy is a huge online learning platform that is on the rise, with over 2 million students and they do a pretty good job of promoting your courses.

        Here's what they show for the term "accounting".

        https://www.udemy.com/courses/search/?q=accounting

        Since I don't know much about the details of your specialty, you can probably take it from there.

        Dave
        Signature
        I make several $1000s a month (passive income) on Udemy and here's how YOU can, too...

        Get your FREE UDEMY MINI-COURSE here:

        http://daveespino.com/FreeMiniCourse-Sig

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        • Profile picture of the author BharatiMak
          Interesting ideas above!

          Lance,

          If I understood right, you are an accountant with an interest in eCommerce. That's a great niche to be in!

          I have an idea for you - You could tie up with software companies in the eCommerce-accounting space and earn commissions for introducing your clients to their software. We are one such company. Get in touch if you are interested.

          Bharati from Pipemonk
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  • Profile picture of the author agmccall
    Sell quickbooks or peachtree as an affiliate

    al
    Signature

    "The elevator to success is out of order. You'll have to use the stairs....one step at a time." ~Joe Girard~

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  • Profile picture of the author writeaway
    You are in an awesome position to do a WEBINAR SERIES on how to Save Money on Taxes and Plan for Retirement properly.

    You can easily promote these with short kindle books (not intended to sell per se but to get people to read the first pages of your book through the 'look inside' feature)

    You can also promote your webinar through repurposed SEO text on your Web 2.0 blogs which are then mass published on Twitter / FB groups and related FB pages

    The only limits are your imagination and willpower.

    Take action TODAY by sitting down and putting a plan together.

    Break that plan into smaller to do items and NAIL those items DAILY.
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  • Profile picture of the author Regional Warrior
    Or maybe look at the date of the thread , not sure if spamming you are supposed to put a link in the thread
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  • Profile picture of the author mljackson84
    I am an accountant as well and came to the site to look at how to generate more clients, essentially more income.I already do a few of things mentioned, but it's not in a monetizing format! Thanks you all for the suggestions.
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  • Profile picture of the author GetPLRhere
    Promote accounting software from CJ Affiliates. Promote the well known brands like HR Block, etc.

    Promote products under business / financial from Clickbank, but don't endorse them if you've never used their products.
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  • Profile picture of the author silveroaks
    there are some good ideas here,
    write a book according to your field with a catchy title and send it online, create a website give advice or consultancy with a membership fee or better yet start webinars.
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