Need to begin a enterprise you possibly can run fully by your self? You then’ll love these one-person enterprise concepts.
On this put up, I will cowl the advantages of those companies and how one can get began with each.
I’ve additionally categorized them into 4 teams:
- Digital content material primarily based
- Service primarily based
- eCommerce primarily based
- Advisory primarily based
This may assist you to discover the correct enterprise kind for you as a solopreneur.
Let’s dive in.
Digital Content material Based mostly One-Individual Enterprise Concepts
This class of one-person enterprise concepts entails publishing content material on-line. You then have a large number of how to monetize the visitors, which I dive into under.
1. Affiliate Advertising and marketing
Online marketing is my prime decide for one-person enterprise concepts as a result of it may be run fully by you alone and has the potential for vital passive revenue.
You needn’t retailer or distribute stock, cope with buyer help, and even want your individual product.
That is since you join an associates program and promote different folks’s merchandise. When your viewers buys out of your distinctive hyperlink, you receives a commission a fee.
Here is what you may want:
- A platform to publish content material
- Compelling content material (that sells)
- Site visitors
That is it!
Now, selecting the platform is straightforward sufficient. This depends upon the kind of content material you need to make.
- YouTube for movies
- Social media for brief posts
- Running a blog for in-depth guides
- Newsletters for private connection/tales
I cowl many of those platforms later on this put up.
The tough bit?
Creating content material that sells and getting visitors. However with some assist from Matt Diggity, this enterprise mannequin is a breeze.
He has a whole course on affiliate marketing and loads of free videos to get you began.
You possibly can study extra from Matt Diggity’s course here and get began with online marketing at present.
2. YouTube Channel
Greater than 1 billion hours of video are watched every day on YouTube. That is why beginning a YouTube channel is one other nice one-person enterprise thought.
A number of different causes:
- You can begin at present with simply your digicam telephone
- Zero startup prices
- A number of monetization strategies
- No want to rent workers
Let’s break down a easy technique to get you began.
- Find a YouTube niche
- Begin YouTube affiliate marketing
- Add priceless content material to develop your channel
- When you attain the monetization threshold, activate advertisements
That is it! You may make passive revenue with online marketing immediately, then activate advertisements as soon as you have received sufficient subscribers (and watch hours).
You possibly can add extra monetization strategies, similar to on-line programs later. Extra on this one-person enterprise thought subsequent.
To get probably the most success from YouTube, take a look at our put up on the best way to increase YouTube subscribers.
3. Promote On-line Programs
Do you want the thought of instructing one thing ? Then, promoting a web-based course could be for you.
Here is the deal.
Regardless that the web has made it potential to study actually something at no cost, the eLearning business is at an all-time excessive. Plus, it is anticipated to achieve a market value of $1 trillion by 2032.
That is as a result of folks have a ton of worry and doubt when studying one thing new. By packaging up your information in video format, you possibly can information folks to mastering your craft.
Whether or not it is cooking, coding, or crafting, there’s room so that you can get a bit of the pie. You possibly can host it on an online course platform and use YouTube to get visitors.
You possibly can learn this information on how to build an online course that sells that can assist you get began.
4. E-newsletter
A newsletter side hustle could be the proper enterprise if you wish to work alone.
It really works by constructing an viewers by way of e-mail advertising and marketing and sharing your phrases of knowledge.
You possibly can then monetize your record by way of selling affiliate presents, promoting a service, or no matter you want.
The massive profit is that you simply personal the viewers and are not ruled by an algorithm that may take away your attain in a single day.
You merely ship common emails with tons of worth, then advocate merchandise your record will love.
5. Self-Publishing
In the event you preferred the promoting on-line programs enterprise thought, however do not need to report movies, then you definitely’ll love self-publishing.
That is the place you package deal up your information in a guide. You possibly can reap the benefits of the 487 million eBooks sold on Amazon yearly.
All you must do is select matters folks need to study and begin writing. Then, you add to Amazon KDP and watch the gross sales are available.
Need to study extra? Learn our put up on how to publish a book on Amazon and make money.
6. Running a blog
Running a blog has been one of the vital interesting enterprise fashions for solopreneurs for years.
That is as a result of you possibly can make the most of so many blog monetization strategies and solely give attention to content material creation.
If you wish to save your self a ton of time, I extremely advocate The Authority Site System by Authority Hacker.
On this course, you may study every thing it’s essential find out about constructing a successful business in blogging.
Plus, you possibly can get 40% off the course here.
Service-Based mostly One-Individual Enterprise Concepts
A service enterprise is nice if it’s essential make money fast. You can begin most of those one-person enterprise concepts by making use of on job boards or freelance platforms like Upwork.
7. Freelance Writing
I have been a freelance author for shut to 3 years and located nice success.
- I work at home (or a espresso store)
- Select my very own hours
- And assist companies earn more money
One of the best bit is it is easy to study, and there are many companies that want content material advertising and marketing.
Plus you possibly can write for blogs, social media, e-mail advertising and marketing, and extra, so there are many choices to select from.
To get began, you possibly can take a content writing course and discover work on ProBlogger.
8. Graphic Designer
Beginning a graphic design enterprise could not be simpler proper now. There are such a lot of instruments and assets that make it an amazing enterprise mannequin.
Simply take a look at Brett from Design Joy. He has productized his graphic design service right into a $5,000-per-month subscription.
He now makes $120,000 per 30 days!
So, if you understand how to make use of instruments like Figma, there are many methods to show it right into a profitable on-line enterprise.
A technique is to create a suggestion on Fiverr. Another choice is to seek out shoppers by posting tutorials on YouTube.
9. Video Editor
Identical to the earlier one-person enterprise thought, a video editor is one other one that may work effectively.
In the event you’re utterly new, you may first need to study the basics. You are able to do this by looking for “video enhancing course” on YouTube or on the lookout for the best Udemy courses.
Then, you may want expertise enhancing video for companies or YouTube channels. As soon as you have gained the boldness, you possibly can enhance your costs, work freelance, or create a productized service like Design Pleasure.
10. Internet Developer
Do you’re keen on writing code, turning designs into internet templates, or utilizing web page builders like Elementor?
Then internet growth could be the finest one-person enterprise thought for you. Once more, there isn’t any scarcity of companies that want internet builders, and it isn’t as onerous to study as you would possibly assume.
Here is a easy advertising and marketing technique to observe:
- Select a distinct segment: WordPress developer for coaches or Webflow developer for SaaS firms
- Create a portfolio: Create your individual templates or examples web site
- Set your pricing: Cost something from $1,499 to $10,000 per undertaking relying on what’s included
- Discover shoppers: Use YouTube by creating tutorials or ship a free web site audit to the enterprise proprietor
11. Social Media Marketer
In the event you get pleasure from posting on social media and are good at getting folks to interact, then social media advertising and marketing is for you.
That is proper, you can also make a enterprise out of it. Whether or not you handle a enterprise’s social media platform or assist them run advertisements, firms are prepared to pay good cash for it.
One of the simplest ways to get began is to decide on a small enterprise you need to work with, similar to Fb advertisements for plumbers or Instagram advertisements for eCommerce health manufacturers.
Subsequent, study the fundamentals from Udemy courses or YouTube movies. Then begin reaching out to manufacturers on social media providing to assist.
To start with, you possibly can cost a small payment to your time or at no cost in change for testimonials.
As soon as you have constructed up a superb repute, you can begin charging between $500 and $2,000 per 30 days, relying on your small business objectives.
eCommerce Based mostly One-Individual Enterprise Concepts
The following group of one-person enterprise concepts entails promoting bodily merchandise. Because of at present’s expertise, eCommerce shops can usually be run by a single individual.
12. Print on Demand
Print-on-demand, or POD, is the place you promote designs that get printed on bodily merchandise like shirts or mugs.
The beauty of this mannequin is that you simply needn’t do the printing. You possibly can both purchase ready-made designs from Artistic Market or make your individual designs in Canva.
You then create mock-ups of your merchandise so folks can see what they’ll appear to be. In different phrases, you add your design to a picture of the t-shirts and different merchandise you promote.
Here is a tutorial:
Lastly, you drive visitors to your retailer utilizing Fb advertisements. When folks purchase, the design is distributed to the print-on-demand company, which prints the design and sends it to the client.
13. Promote Handmade Gadgets
In the event you’re a expert crafter or DIY fanatic, then promoting distinctive handmade gadgets could be your jam.
This might be a good way to show a interest right into a thriving enterprise, and a platform like Etsy is an ideal place to get began.
That is as a result of Etsy generated $2.748 billion in sales in 2023 and will get round 500 million guests each month.
Merely arrange your retailer, add high-quality images of your merchandise, and optimize your product listings.
You’ll do what you’re keen on and discover prospects who admire your craftsmanship.
You too can learn our put up on how to make money on Etsy for extra particulars.
14. Fulfilled by Amazon
Fulfilled by Amazon or FBA provides you entry to Amazon’s enormous buyer base and distribution community with out the effort of transport and customer support.
All you must do as an aspiring entrepreneur is ship your merchandise to Amazon’s success facilities, they usually deal with the remainder. You possibly can give attention to sourcing merchandise and scaling your small business.
First, you may want to decide on the correct merchandise to promote. You are able to do this with Amazon FBA software or by trying by way of the bestsellers.
Second, discover a producer on Alibaba and order a pattern. When you’re pleased with the product, you possibly can order your first batch.
Lastly, work on getting more reviews on Amazon in order that your itemizing will get extra views.
Then, replenish your inventory if you’re getting low.
Advisory Based mostly One-Individual Enterprise Concepts
This final class of enterprise concepts for solopreneurs is the place you might be paid to your experience and recommendation. Let’s have a look.
15. Enterprise Marketing consultant
A enterprise guide is somebody who’s an knowledgeable within the subject of enterprise. So this enterprise thought is ideal for you should you’ve had enterprise success.
You will sometimes assist companies develop and enhance effectivity. This may be by way of technique, operations, administration, or serving to them make clear their imaginative and prescient.
Many enterprise consultants will specialise in a particular area of interest that displays their strengths and expertise, which might help set up experience.
If you wish to get into this one-person enterprise, you should definitely learn how to start a consulting business.
16. Life or Health Coach
Just like the car, a coach helps an individual get from the place they at the moment are to the place they need to be.
And training as a enterprise has blown up lately. Some folks say that teaching is simply too saturated, however that is not true.
To be a profitable coach, it’s essential differentiate your self and discover a distinctive promoting proposition or USP.
Plus, it might be sensible to study how to coach people.
Primarily, teaching entails listening to the consumer’s issues from their present perspective. Then, asking them questions to assist shift that perspective.
Teaching will not be about giving recommendation as a result of the best stage of change is completed on the unconscious stage. Due to this fact, the consumer should query their very own mind-set that’s retaining them caught as an alternative of being instructed.
So, should you’re a superb listener and might formulate transformative questions, teaching as a one-person enterprise will probably be excellent for you.
17. Monetary Planner
This final thought for solo companies requires a proper qualification. Nonetheless, that did not cease Kyle Nolan from breaking into the finance house together with his monetary planning device.
Plus there are numerous bloggers who discover success within the FIRE niche, who aren’t “certified” monetary advisors. That stands for Monetary Independence, Retire Early.
These folks have discovered the best way to turn into financially free and retire at a younger age.
The purpose is that this: In case you are profitable with cash, whether or not it is spending money wisely or making numerous it, you in all probability have sufficient knowledge to share with the world.
You would do a lot of the issues on this record as a enterprise within the finance house, similar to a YouTube channel, e-newsletter, and a weblog.
Conclusion
Now it is over to you. Which of those one-person enterprise concepts will you select?
In order for you a totally solo enterprise the place you do not even have to work together with prospects, then online marketing is the most suitable choice.
You possibly can study the best way to begin an online marketing enterprise in Matt Diggity’s course, The Affiliate Lab.
Whichever one you select, simplicity and taking constant motion daily is vital. Good luck!
