If you’re looking to follow your dreams of starting and running a business, then you’ve likely considered the solopreneur route. Being a solopreneur means you have the freedom to choose your own path without having to answer to a boss or partner.
But before you dive headfirst into a solopreneur lifestyle, check out this guide for solopreneurs to see if it’s right for you.
Today I’m going to show you how to run your business as a solopreneur without breaking your bank. As we know running your own business is difficult especially when you’re new.
Statistics show that 90% of new startups fail to run into sustainable business due to run out of money, enter into the wrong market, a lack of research on their product and services, bad partnerships, and ineffective marketing.
I remember when I first started to make a living other than being a 9–5. I’d go from selling insurance to multilevel Marketing trying to understand how being my own boss actually worked. It was super confusing and frustrating.
And in this no-nonsense guide, I’ll cut out all the noise and BS and show you exactly how to start making money to increase your side income. and big enough to fire your boss.
What is a Solopreneur?
A solopreneur is a business run by the owner itself. the one individual enjoys the freedom to pick on a project or person as the source of income from their business.
In other words, a solopreneur is an entrepreneur who performs all duties related to their business alone.
Solopreneur Business Model
Your first step with solopreneurship is actually to understand yourself in terms of personality and passions.
you’re going to enjoy a better chance of success when you have a better understanding of your personality and the career areas that you would be best suited to.
Because you hating the 9–5 life, doesn’t mean you should quit immediately. Instead, you can try to discuss with managers to find ways to redefine your current role or create your own business while keeping your 9–5 job.
Here’s exactly how to do it.
First, find Business Idea that is aligned with your passion. The reason behind this is you need plenty much of time and energy to continue to make the first sales.
when you’re passionate enough about your business ideas, you’ll have the determination to not quit. without passion for your work, work becomes a dread.
Next, research the industry and area that you’re planning to venture into. is important to find out what the market needs, wants. there are no sales bound to be made when there is no buyer in the market.
The best scenario is you love what you’re doing and you’re in an industry with lots of opportunities.
Ecommerce, Retail eCommerce sales are expected to grow to $4.88 billion in 2021.
Consumers are used to shopping online for goods and services, and that demographic is only going to grow, so it’s no surprise that solopreneurs love this avenue, too.
The popular business model for solopreneur :
- Direct to consumer
- White label and private label
- Dropshipping
- Subscription service
- Consulting services
leveraging your expertise to help clients to solve a problem. use your expertise to provide valuable information to clients for their business decision-making.
Example: social media, strategy, leadership, management, or marketing. The US management consulting services market alone is expected to reach $87 billion by 2025.
Before you get things done, plan ahead before venture into your area of interest. making sure that you are 100% ready to commit to starting building your own business from scratch using the spare time you found after the 9–5 routine.
Let’s understand the importance of using digital marketing to run a low-budget business.
The most basic point of getting is to start with a website to build your social presence in the digital space.
Most of the digital marketer start with a writing blog, the benefit of writing helps to improve writing skill for social media ads, product description that is engaging enough to encourage the visitor to purchase.
Most of the content marketing activities are involve writing engaging copies for web pages content, sales page content, email content, social media content.
As you saw in the guide, generating an extra source of income can make or break your 9–5 dilemma. Without wonder why you’re feeling the hate of working 9–5 as your Life Mantra.
But when you start with investing in yourself the right way you can break free from the 9-to-5 lifestyle.
Please feel free to check out “The Beginner’s Guide to a Solopreneur” leave a comment and I will do my best to answer your question.
