 AI Generated Image “You don’t build a business. You build people—and then people build the business.” — Zig Ziglar Don’t let this hold you back: For home-based entrepreneurs and small business owners, scaling up often seems like something only the “big guys” can do. But here’s the truth: scaling fast is not about having a large team or budget—it’s about having clarity, systems, and the courage to act. Whether you’re operating a service-based business from your home office or shipping products from your living room, growth is within reach—if you know where to focus. This article will guide you on how to scale up your small or home-based business. 1. Why Fast Growth Matters—Even for Small & Home-Based Businesses You started small for a reason: flexibility, freedom, and low overhead. But staying small forever can limit your impact and income. Fast, intentional growth helps you:
And let’s face it: even if it doesn’t feel like it, competition isn’t slowing down. If you're not growing, you could be unknowingly shrinking. Scaling quickly and intelligently helps you remain relevant, visible, and in demand. 2. Get Your House in Order Before You Multiply Before you grow, build a solid foundation for your growth. Think of it like renovating your home before guests arrive—you need a clean, functional space that can handle the crowd. Identify Your Niche: Who specifically do you serve, and what problems do you address? Clear answers to these questions will guide your marketing, pricing, and offerings. Create Repeatable Processes: How do you onboard a client? Handle orders? Follow up on leads? Document these steps so you can delegate or automate them. In other words, develop a recipe for growth and then follow it. Adjust when necessary. Use Scalable Tools: Software like QuickBooks, Canva, and ChatGPT enables you to run your business efficiently from anywhere, without introducing chaos. By tightening your systems and sharpening your focus, you’ll create a business that not only survives with more customers but thrives alongside them. 3. Launch Smart, Not Perfect Here’s the secret to growing fast: stop waiting for perfection. Launch with what you have and improve as you go. Create a “Minimum Awesome Offer”—something simple, valuable, and ready for immediate sale or as a lead magnet—to help you make a sale. Test Small and Iterate Quickly: Share it with your email list or social media audience. Gather feedback. Make adjustments. Repeat. Market Like You Mean It: Utilize free tools (social media, email, and local Facebook groups) and affordable ads (boosted posts, influencer shoutouts) to quickly spread the word. However, be aware that I do not use paid ads but organic, free social media tools. Small businesses don’t require large launches to create a significant impact—just clarity and consistency. 4. Build a Growth-Ready Mindset and Support System Scaling isn’t only about doing more—it’s about thinking differently. Consider planning your year as a way to make you accountable and scalable. Say Goodbye to the Lone Wolf Mentality: You can’t do it all alone. Hire a virtual assistant, bookkeeper, or social media manager—just a few hours a week can free up your time and energy. Scale up as fits your needs. There is no requirement to scale up if you don’t need to. Stay Focused on Impact: Think about what genuinely makes a difference. Ask yourself, “What can I stop doing or delegate?” This is key, think about how you can delegate to your own family. Celebrate the Wins: Every new client, every 5-star review, and every sold-out launch deserves acknowledgment. Success grows when you remain grateful and confident. When you believe that your business can grow, and you develop the systems and mindset to support that belief, momentum begins to emerge. Applications Just for Home-Based Entrepreneurs Home-based doesn’t mean small-minded. Some of the world’s most innovative businesses were built at the kitchen table or in the garage. You can: Scale with Digital Products or Services: Consider courses, coaching, templates, or downloadable guides. Check out our FM Storefront as an example. Sell Nationwide (or Globally!) Without Leaving Home: Platforms like Etsy, Shopify, and Zoom make it easy to expand your reach. Create a Team Without Hiring In-House: Collaborate with freelancers, contractors, and virtual assistants as needed. Use ChatGPT as a way to free up time. Draft articles, scripts, eBooks, and other digital media. It will save a significant amount of time and energy. Growth isn’t restricted to those with office space—it’s available to anyone with vision and determination. Conclusion + Call to Action Scaling quickly isn’t just for the corporate elite. If you run a small or home-based business, you possess everything needed to grow: flexibility, focus, and passion. Begin modestly, proceed thoughtfully, and continue to advance. You don’t need to be big to grow—you need the courage to begin. Ready to scale on your terms? Subscribe to our roundup newsletter for weekly examples and stories from small and home-based business owners who are growing with purpose and confidence. Thank you for reading. Continue becoming the best you can be as you search for your true self. Richard By seamlessly integrating business, work, and life, we create a virtual tapestry of well-being, skill development, business growth, workplace culture, and leadership, enabling you to become your best self. Note, some links in this video are affiliate links; if you make a purchase, we will earn a commission. We provide FREE weekly learning opportunities for you:
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 AI Generated "Profit isn't the purpose of a business, but without it, there is no business." – Peter Drucker
In Canada, approximately 60% of small businesses fail within five years, with poor financial planning and cash flow management being one of the leading causes (Innovation, Science and Economic Development Canada, 2023). While passion might fuel the fire of entrepreneurship, it's profit that keeps the lights on. In an age of digital storefronts and virtual workspaces, mastering “profit hacks” — smart, focused strategies that drive income without increasing burnout — is not just a nice-to-have. It’s a business necessity. Today, we’re examining four key strategies to increase your profits, whether you’re running a solo operation from your kitchen table or scaling a growing brand from your laptop. These hacks aren’t fluff — they’re field-tested and crafted to help you retain more of what you earn and build a successful business. 1. Know Your Numbers (and Watch Them Like a Hawk) Before you can hack your profits, you need to know where they’re leaking. Many entrepreneurs operate on hope instead of hard data. Profit isn't just about making more sales; it's about retaining more of what you earn. Why it matters: You can’t improve what you don’t measure. Understanding your profit margins, customer acquisition costs, and recurring expenses can reveal hidden gaps draining your business. The process: Use straightforward tools like QuickBooks, Wave, or even Google Sheets to monitor your income and expenses weekly. Build a habit of reviewing monthly reports. Comprehend your break-even point and focus on high-margin products or services. How to launch: Begin today by examining last month’s numbers. Highlight three key areas: the largest revenue drivers, the biggest expenses, and unexpected cost leaks. You’ll swiftly identify where to focus your efforts and where to make cuts. 2. Increase Prices Strategically Raising prices is the quickest method to boost profits, yet it's the strategy that entrepreneurs dread the most. The truth? People are willing to pay more for perceived value, confidence, and results. Why it matters: If your pricing doesn't reflect the value you provide, you’re not only earning less; you are also serving less effectively. The process: Review your customer results and testimonials. Highlight your unique selling points. Consider implementing a small price increase (5–15%) and track the response. Use value-oriented language to reframe the offer. How to launch: Start with your top-selling offer. Add a bonus, boost the perceived value, and try charging a higher price for a few new customers. Track conversions and gather feedback. 3. Automate Low-Value Tasks to Free Up Profit-Driving Time Time is the most limited resource, yet many entrepreneurs waste it answering emails or designing Canva graphics instead of securing clients or creating offers. Why it matters: Every hour you spend on $10 tasks is an hour not invested in $1,000 activities. The process: List your weekly tasks. Identify any repetitive, administrative, or non-essential items. After that, automate these tasks with tools like Microsoft Outlook, Google Calendar, and AI-based assistants. Delegate what you can. How to launch: Choose one task to automate this week: set up an autoresponder, use AI to draft emails, or outsource design on Fiverr. You’ll instantly regain your time and enhance your earning potential. 4. Upsell and Cross-Sell with Purpose Selling once is good, but selling more to the same customer is better—and much more profitable. According to Marketing Metrics, the probability of selling to an existing customer is 60–70%, compared to 5–20% for newcomers. Why it matters: Repeat customers are less expensive and spend more. Upselling and cross-selling build loyal, high-value buyers. The process: Outline your customer journey. What logical next step or upgrade can you suggest? Use email automation to trigger personalized offers based on past purchases or behaviors. How to launch: Add a simple upsell at checkout or offer a cross-sell in a follow-up email. For example: “Loved our course? Add 1:1 coaching at a discounted rate.” Make it timely, relevant, and easy to accept. APPLICATION FOR AT-HOME ENTREPRENEURS Profit hacks are game-changers for home-based businesses and solopreneurs. With limited time and resources, your ability to increase profits without extending hours is crucial. Whether you're selling handmade products, offering coaching, providing digital downloads, or delivering online services, these strategies can provide you with a competitive edge.
These aren’t just tips — they’re tactics that shift your income ceiling upward, from your living room or laptop. Conclusion and Call to Action Profit hacks aren’t about working harder; they’re about working smarter. When you understand your numbers, increase your value, leverage your time, and serve your customers deeply, profit naturally follows. You deserve a business that not only fulfills you but also funds the life you want. Now’s the time to take action:
Want more resources on scaling your impact and income? Subscribe to our weekly round-up newsletter (write Newsletter in comments below) or Consider our Bizwoli Solution (See Below!). By the way we have turned the statistic around so that 80% of small business succeed after 5 years. Write Bizwoli in the comments for a free consultation. Thriving shouldn’t be optional. Thank you for reading, folks. Continue striving to be the best you can be as you search for your true self. Richard By seamlessly integrating business, work, and life, we create a virtual tapestry of well-being, skill development, business growth, workplace culture, and leadership, enabling you to become your best self. Note, some links in this video are affiliate links; if you make a purchase, we will earn a commission. We provide FREE weekly learning opportunities for you: Mondays: Free Articles are posted on our FontanieMagazine website https://bit.ly/3WKM9QD Podcasts available at 8 AM Central Time on:
Further Resources Available to you: Executive Video Coaching: https://bit.ly/4cnqGDV Bizwoli – Planning and Organizing Your Business: https://bit.ly/3YripHD Affiliate Marketing With Richard: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs Facebook: https://bit.ly/3uPyvSa Pinterest: https://bit.ly/3RSWCrk Life’s Dimensions, Instagram: https://bit.ly/3W7zYOM Coaching Opportunity to Gain $10,000 per month: https://bit.ly/3t4cbmO Michael Cheney: Partner and Profit: https://bit.ly/3ZkY3mI Note: Script and Image A.I. Assisted  AI Image Did you know that 68% of online experiences begin with a search engine? (BrightEdge, 2023). As Bill Gates once said, “Content is king,” but without SEO, even the best content can remain invisible. In today’s ultra-competitive digital world, understanding and mastering SEO (Search Engine Optimization) is no longer optional—it’s the lifeblood of online visibility and long-term growth. According to HubSpot, 61% of marketers say improving SEO and growing their organic presence is their top inbound marketing priority. Let’s pull back the curtain on SEO and explore how you can leverage it to grow your business, even from your living room.
Why SEO Is Essential in 2025 SEO is more than just sprinkling keywords throughout a webpage. (Although that is basically what we do.) It’s a multifaceted strategy that helps your content get found by the right people at the right time, in a world where over 3.5 billion searches per day and 1.2 trillion searches per year worldwide, you need SEO to rise above the digital noise. Whether you’re building a blog, launching an online store, or offering a service, SEO ensures you show up when people are actively searching for what you offer. That means more visibility, more clicks, and more business, organically. The SEO Process: What It Looks Like Understanding the process of SEO will help you take deliberate, smart actions. Here’s a high-level view: Keyword Research: This is the cornerstone. Tools like Google Keyword Planner, Ahrefs, and Ubersuggest help you identify the terms your target audience is using. Look for long-tail keywords—they’re less competitive and more targeted. On-Page Optimization: This includes optimizing titles, headers, meta descriptions, and image alt texts. Ensure your content is relevant, easy to read, and structured with clear headings (H1, H2, H3). Technical SEO: Think fast-loading pages, mobile responsiveness, and a secure (HTTPS) website. Search engines love a site that loads quickly and is easy to navigate. Quality Content Creation: Consistently publish high-quality, helpful content that answers your audience's questions. Use various formats—blogs, videos, infographics—and optimize each piece. Link Building: Both internal (linking to your content) and external (getting backlinks from other reputable sites). This helps build credibility and authority in your niche. Monitoring and Adjusting: Use tools like Google Analytics and Google Search Console to track performance and refine your strategy. SEO isn’t a one-and-done deal—it’s an ongoing process. Launching SEO for At-Home Entrepreneurs Starting an SEO strategy from home might sound intimidating, but the beauty of SEO is that it’s cost-effective and scalable. You don’t need a fancy office—just a laptop, internet connection, and a plan. Here's how to start: Pick Your Niche and Know Your Audience: Define who you're speaking to. Are they stay-at-home parents, freelancers, pet lovers, or tech enthusiasts? Start Small with Keyword Research: Use free tools like AnswerThePublic or Keywords Everywhere to find out what your audience is searching for. Begin creating blog posts or landing pages around those terms. Build a Simple Website or Blog: Platforms like Weebly, WordPress, Wix, or Squarespace make it easy to launch a site. Focus on clarity, clean design, and mobile responsiveness. Commit to a Content Schedule: Post one quality blog a week. Consistency signals reliability to search engines and builds trust with your audience. Engage in Local SEO: If you offer local services, set up a Google My Business profile and optimize your content with local keywords. Stay Updated: SEO trends shift. Follow blogs like Moz, Neil Patel, and SEMrush to stay ahead of the game. You don’t need to be a tech guru—start, test, learn, and refine as you go. SEO rewards consistency, not perfection. Conclusion: Your SEO Journey Starts Now The secret to SEO isn’t found in shortcuts or hacks—it’s found in understanding your audience, creating value-driven content, and optimizing it strategically. Whether you're a full-time entrepreneur or a side hustler working from your kitchen table, SEO can be your silent salesperson, working around the clock to bring in leads and grow your brand. Start where you are, use what you have, and stay committed. The results won’t be instant, but they will be transformational. Ready to unlock your SEO potential?
Your digital success story is just a few clicks away. If you need help with anything in this article reach out in the comments below. Thank you for reading. Richard By seamlessly integrating business, work, and life, we create a virtual tapestry of well-being, skill development, business growth, workplace culture, and leadership, enabling you to become your best self. Thank you for subscribing! Please note that some links in this video are affiliate links, and I earn a commission if you make a purchase. Podcasts are Available at 8 AM Central Time on:
Executive Coaching: https://bit.ly/4cnqGDV Bizwoli – Planning and Organizing Your Business: https://bit.ly/3YripHD Affiliate Marketing With Richard: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs Facebook: https://bit.ly/3uPyvSa Pinterest: https://bit.ly/3RSWCrk Life’s Dimensions, Instagram: https://bit.ly/3W7zYOM Further Resource If you purchase the following products, we will receive a commission. Coaching Opportunity to Gain $10,000 per month: https://bit.ly/3t4cbmO Michael Cheney: Partner and Profit: https://bit.ly/3ZkY3mI Note: Script and Image A.I. Assisted  AI Generated Image Pablo Picasso once said, “Everything you can imagine is real.” In today’s world, digital innovation makes this truer than ever. According to a recent study, 62% of people dream of starting their own business, and digital platforms have made this goal more accessible than ever. Whether it’s an online store, a blog, or a tech startup, a well-crafted digital dream can transform lives and create new opportunities. This article will explore the three essential elements of digital dreaming – why it’s essential, the process necessary for development, and the steps to launch your digital dream. It also explains how to apply digital dreaming for at-home entrepreneurs and a call to action. The Three Essentials of Digital Dreaming 1. Why Digital Dreaming is Essential In the modern world, digital platforms provide endless possibilities for creativity, business, and connection. Digital dreams empower entrepreneurs to:
Whether you’re launching an e-commerce store, a content-driven brand, or an app, the digital space offers limitless opportunities. 2. The Process for Establishing a Digital Dream A successful digital dream requires careful planning. Here’s how to craft yours:
3. Steps to Launching Your Digital Dream Once your vision is clear, it’s time to bring it to life:
Applying Digital Dreams for At-Home Entrepreneurs For home-based entrepreneurs, digital dreams offer a unique advantage. Here’s how to make it work:
Conclusion & Call to Action A digital dream isn’t just a wish—it’s a strategic plan that can lead to success. Whether you’re launching a passion project or an online business, taking the first step today puts you closer to your goal. Ready to bring your digital dream to life? Start today by identifying your niche, crafting a vision, and building your online presence. The digital world is waiting for you! If you need assistance with this process click on the Bizwoli Link Below. Please let me know if this content works for you. Thank you for reading. Richard. ___________________________________________________________ By seamlessly integrating business, work, and life, we weave a virtual tapestry of well-being, skills development, business growth, workplace culture, and leadership so that you can become the best you can be. Thank you for subscribing! Podcasts
Coaching Opportunity: https://bit.ly/3t4cbmO Free FM Articles: https://bit.ly/3WKM9QD Executive Coaching: https://bit.ly/4cnqGDV Bizwoli: https://bit.ly/3YripHD Affiliate Marketing With Richard: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs Facebook: https://bit.ly/3uPyvSa Pinterest: https://bit.ly/3RSWCrk Life’s Dimensions, Instagram: https://bit.ly/3W7zYOM  AI Image In today’s ever-changing world, relying on a single source of income isn’t always sufficient. That’s why side hustles have evolved from a trend to a necessity for many people. Whether it’s about achieving financial security, fostering personal growth, or simply enjoying turning a passion into profit, side hustles provide a means to broaden opportunities and create flexibility. Studies indicate that nearly 40% of Americans now engage in side hustles, and that number continues to rise. With technology simplifying starting a business from home, there has never been a better time to explore new income streams.
This article delves into the significance of side hustles, presents several popular side hustle ideas, outlines how to launch one, shares inspiring examples, and includes a call to action. Why Side Hustles Are Essential A side hustle goes beyond earning extra cash—it’s about gaining freedom. For many individuals, it serves as a stepping stone toward financial independence, helping to pay off debt, save for the future, or even replace a traditional 9-to-5 position entirely. Beyond economic benefits, side hustles also offer personal fulfillment. They enable individuals to engage with their creative passions, acquire new skills, and build entrepreneurial confidence. In an age where job security can seem precarious, having a side business acts as a safety net that provides peace of mind. Popular Side Hustle Ideas Not all side hustles are the same. Some need specialized skills, while others can be set up with little to no experience. Here are a few popular options: Freelancing: Skills in writing, graphic design, social media management, and web development are in high demand. Platforms such as Fiverr and Upwork make it easy to connect with clients. E-commerce & Print-on-Demand: Selling on platforms like Etsy, Shopify, or Amazon (I receive no commissions from these platforms) can transform creative hobbies into full-fledged businesses. Dropshipping and print-on-demand models provide opportunities for passive income without the hassle of managing inventory. Online Coaching & Consulting: If you possess expertise in a specific area—be it business, fitness, or career coaching—you can offer personalized sessions online. Affiliate Marketing & Blogging: Content creators earn income by recommending products and receiving commissions through affiliate links. Tutoring & Online Courses: With the rise of remote learning, platforms like Teachable and Udemy allow you to share your knowledge while earning money. Steps to Launching a Side Hustle Starting a side hustle may seem daunting, but breaking it into manageable steps can simplify the process: Identify Your Skills & Interests – Reflect on what you enjoy doing and what skills you can offer. Your side hustle should align with your strengths and passions. Research Market Demand – Not every idea is guaranteed to be profitable. Examine competitors, pricing, and audience needs before fully committing. Create a Simple Business Plan – Set concrete goals, outline your pricing structure, and devise a plan for marketing your hustle. Start Small and Build Over Time - Avoid large upfront investments. Begin with minimal costs and reinvest as your venture grows. Leverage Online Tools—Use social media, email marketing, and platforms such as Canva to reach an audience efficiently. Stay Consistent and Adapt - Success won’t happen overnight, but consistency is crucial. Keep learning, improving, and refining your strategy. Focus Energy - Concentrate on one side hustle at a time. Start small and gradually scale up. Examples of At-Home Entrepreneurs Numerous successful businesses began as side hustles. Here are three inspiring cases: Loretta’s Handmade Business—Loretta started creating planning calendars and task lists during her spare time while working a full-time job. She began selling on Etsy and effectively used Instagram for marketing. Eventually, her side hustle replaced her full-time income. Trevor’s eBook Empire – Trevor was once a marketing expert and business owner who faced challenging times, with his company nearly going bankrupt and his credit cards maxed out, he created an online eBook to guide others in writing eBooks. His first eBook generated $8,000 in passive income, and he has since evolved this into a full-time business, now earning over a million dollars a year. Roger’s Carpentry Shop—Roger maintained a 9-to-5 job throughout his life. However, he had a strong passion for carpentry and worked in his basement crafting cupboards for his neighborhood and beyond. His extra income supported his family. Conclusion & Call to Action Side hustles are not solely about making extra money but about taking charge of your future. Whether your goals include paying off debt, pursuing a passion, supporting your loved ones, or achieving long-term financial freedom, embarking on a side hustle can open doors you never thought possible. The key is to start small, remain consistent, and continue learning. If you’re considering launching your side hustle, what’s holding you back? Take that first step today and let your ideas come to life. Subscribe for more insights, share your thoughts, and begin shaping the life you want—one hustle at a time. If you need further assistance, don't hesitate to get in touch with me through our social media channels. I have provided links and additional resources below. Thank you for reading. Here’s to your success as you board the side hustle train. Richard Further References for This Article "Why Side Hustles Are Becoming The New Normal" – This Forbes article discusses the increasing prevalence of side hustles, noting that 40% of Americans have adopted them, with 48% starting to make ends meet. https://bit.ly/42F5Ygz "U.S. Side Hustle Statistics - Survey Results" – According to Self Financial, 45% of working Americans currently have a side hustle, with 30% needing extra income to cover basic costs. https://bit.ly/3CE5oFp "48 Side Hustle Ideas to Get You Started" – Side Hustle School offers a comprehensive list of side hustle ideas, from writing fan fiction to creating jewelry, inspiring those looking to start their ventures. https://bit.ly/3CMlMnf Check out these FMeLearning Offerings Executive Coaching: https://bit.ly/4cnqGDV Bizwoli: https://bit.ly/3YripHD FM eLearning YouTube Channel: https://bit.ly/3SHzYTr Affiliate Marketing With Richard YouTube Channel: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs Podcasts:
More For You Coaching Opportunity with Max, Fergal, and Trevor: https://bit.ly/3t4cbmO Michael j Cheney: The Secret Money System: https://bit.ly/47jDHMQ Michael Cheney: Partner and Profit: https://bit.ly/3ZkY3mI Image. AI generated. The photo features a skilled artisan in a warm, inviting carpentry shop captured with cinematic lighting. This scene highlights the creativity and craftsmanship essential for making money online. Note this article was co-written with AI  A.I. Generated Image The freelance economy is booming, offering individuals unparalleled freedom and flexibility in their professional lives. Unlike traditional employment, freelancing allows individuals to set their schedules, choose their clients, and work from virtually anywhere. Whether driven by the desire for independence, the ability to pursue passion projects, or the need for a better work-life balance, more professionals are turning to freelancing as a viable career path. This article explores what freelancing entails, how to get started, and how to navigate its challenges effectively.
What Freelancing Involves Freelancing refers to working independently on a contract or project basis rather than being permanently employed by a single company. Freelancers provide services across various industries, including writing, graphic design, consulting, programming, and virtual assistance. They typically find work through networking, freelance job platforms, or direct client outreach. Success in freelancing requires self-discipline, effective time management, and the ability to market oneself. Steps to Get Started
Managing Challenges in Freelancing Life Freelancing comes with unique challenges, such as inconsistent income, isolation, and the need for self-motivation. To overcome these hurdles:
Examples of Freelancing for At-Home Entrepreneurs
Conclusion and Call to Action Freelancing offers an exciting opportunity to craft a career on your terms, with flexibility and financial potential. However, success requires dedication, strategy, and resilience. While freelancing provides autonomy, it also demands strong organizational skills, proactive client management, and continuous learning to remain competitive. If you're considering freelancing, take the first step by identifying your skills, building a portfolio, and setting realistic goals. Research platforms that align with your niche, start networking, and develop a consistent workflow that ensures productivity. Now is the time to embrace the freedom of working for yourself. Take the plunge into freelancing and experience the satisfaction of building a career that aligns with your aspirations. Start today, stay committed, and watch your freelance business thrive! Thank you for reading. Continue doing your best as you search for your true self. Richard. Resources for this Article Executive Coaching: https://bit.ly/4cnqGDV Bizwoli: https://bit.ly/3YripHD FM eLearning YouTube Channel: https://bit.ly/3SHzYTr Affiliate Marketing With Richard YouTube Channel: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs More For You Coaching Opportunity with Max, Fergal, and Trevor: https://bit.ly/3t4cbmO Michael j Cheney: The Secret Money System: https://bit.ly/47jDHMQ Michael Cheney: Partner and Profit: https://bit.ly/3ZkY3mI Note: Co-written with A.I.  A.I. Generated The internet has transformed wealth creation, opening doors for entrepreneurs to build financial freedom from the comfort of their homes. With countless opportunities available, success in the digital economy requires a strategic approach, adaptability, and the right mindset. Whether you're launching an online business, investing in digital assets, or creating multiple income streams, understanding how to diversify and develop the right habits is crucial.
This article explores key aspects of building online wealth, emphasizing diversification, high-potential activities, and the mindset necessary for long-term success. The Importance of Diversification Diversification is the foundation of financial stability and long-term wealth. Relying on a single source of income can be risky, especially in the fast-evolving online marketplace. Successful entrepreneurs often leverage multiple income streams. The examples provided, whether pertaining to me or FontanieMagazine, are examples only and illustrate what can be accomplished online. Several ways to diversify online income streams include: E-commerce and Dropshipping: Selling products without holding inventory through platforms like Shopify and Amazon. For instance, I have an eBook on Amazon that people can purchase in hard copy or digital format. Affiliate Marketing: Earning commissions by promoting products and services. We now have a podcast series on our YouTube channel, Affiliate Marketing with Richard. It is designed for those interested in and who are already affiliate marketers. You may want to check it out. Freelancing and Consulting: Offering skills-based services on platforms like Upwork, Fiverr, or directly to clients. Another option is to provide consulting and coaching services to local markets. For many, this latter option has proved to be a lucrative option. Digital Products and Courses: Creating and selling e-books, online courses, or printables. We provide e-books and online courses through our FM Storefront. It is left to individuals if they want to print them out. Stock Market and Crypto Investments: Generating passive income through diversified investments. We are not engaged in Crypto Investments; however, if you are not familiar with the stock market and crypto investments, it is advisable to use a financial advisor. An at-home entrepreneur could maximize revenue by combining blogging, affiliate marketing, and online courses. Integrating various streams reduces dependency on a single income source and increases financial security. The examples in this article show that we have engaged in multiple income streams. We don’t give these as a way to blow our own horn but to show you how various income streams may be accomplished. High-Potential Wealth-Building Activities Focusing on scalable and high-return activities is essential to build substantial online wealth. Some of the most lucrative options include: Content Creation – Blogging, YouTube, and social media influence can generate ad revenue, sponsorships, and product sales. For example, a YouTuber who creates content around personal finance can earn through ads, brand partnerships, and affiliate links. See our various podcasts to learn how this works. If you are unfamiliar with content creation, we recommend Trevor Carr and his Breakthrough training program. As a content creator, I learned how at the ripe age of 79. Fortunately, Age is not a factor in this business. E-commerce and Print-on-Demand—Platforms like Etsy, Shopify, and Redbubble allow entrepreneurs to sell customized merchandise without inventory hassles. Another option is to develop your own digital store and combine it with your website. You can see how we have done this by going to the FM Storefront in this magazine. Subscription-Based Models – Membership websites and Patreon allow content creators to earn a steady income through exclusive content. For example, we have included a Membership Opportunity in our Solutions Tab. Software as a Service (SaaS) and App Development – Those with technical skills can develop tools and apps that generate recurring revenue. We provide this as an opportunity for you, but we cannot vouch for any SaaS or App Development services at this time. By choosing the right wealth-building activities, entrepreneurs can maximize their earning potential and scale their businesses over time. Wealth Mindset and Habits A strong wealth mindset is crucial for financial success. Here are key habits and principles for long-term growth: Continuous Learning: The online world evolves rapidly, requiring ongoing education in market trends, digital skills, and financial management. We highly recommend spending at least one to two hours weekly on continuous learning opportunities. Consistency and Patience: Overnight success is rare. Sustainable wealth is built through steady progress and persistence. Contrary to many gurus in the online marketing sphere, there are no quick fixes or quick riches. Yes, some people quickly make money online, but this is the exception to the rule, as less than 10% reach that level. Intelligent Risk-Taking: Calculated risks can accelerate financial growth, such as investing in new income streams or digital assets. Again, contrary to public opinion, successful entrepreneurs are cautious risk-takers. That is not to say they do not take risks but do so wisely. Time Management: Effective entrepreneurs prioritize high-impact tasks and automate repetitive processes. This is fundamental to anyone considering online entrepreneurship. Resilience and Adaptability: Setbacks are inevitable, but learning from failures and adjusting strategies ensures long-term success. You need to be open to ambiguity and ready to shift strategies quickly. Don’t think of mistakes as failures; consider them as learning opportunities. Remember what Edison said, “I have not failed. I’ve just found 10,000 ways that won’t work.” An entrepreneur, for example, who starts an online coaching business may face slow initial growth. However, they can establish a profitable and scalable brand by consistently creating valuable content, networking, and refining their services. Conclusion & Call to Action Building online wealth is more accessible than ever but requires strategic planning, diversification, and the right mindset. Whether you’re just starting or looking to scale an existing venture, embracing high-potential opportunities and fostering wealth-building habits can set you on the path to financial freedom. Choose one wealth-building activity that aligns with your skills and interests today. Begin researching, experimenting, and refining your approach. The digital economy offers unlimited potential—it's time to tap into it. Thank you for reading and always remember to be your best as you search for your true self. Richard. Richard Fontanie, Eternal Unfolding: A journey that turned into a different kind of love story - https://amzn.to/3y2xJza Trevor Carr, Breakthrough Program. https://bit.ly/3HovCKp Check out these FMeLearning Offerings Executive Coaching: https://bit.ly/4cnqGDV Bizwoli: https://bit.ly/3YripHD Fortis Membership: https://bit.ly/3X49OtH FM eLearning YouTube Channel: https://bit.ly/3SHzYTr Affiliate Marketing With Richard YouTube Channel: https://bit.ly/3ZqE18D FM Storefront: https://bit.ly/4bNfiBs More For You Coaching Opportunity with Max, Fergal, and Trevor: https://bit.ly/3t4cbmO Michael j Cheney: The Secret Money System: https://bit.ly/47jDHMQ Michael Cheney: Partner and Profit: https://bit.ly/3ZkY3mI Note: Co-written with A.I.  This article explores four themes and a total of 18 tips: A) Tips For Some of The Best Tools For Solopreneurs, B) Tips For Using Social Media, C) Tips To Grow Your Solopreneur Business Quickly, D) Tips to Turn Your Side Hustle Into A Solopreneur Business. A. Tips For Some of The Best Tools For Solopreneurs When you begin your new adventure as a solopreneur, you may notice there are a ton of different tools out there that promise to be the very best. It is important to sift through all the noise and find which ones will actually help you become successful, no matter what industry you are in. some of the best tools for a solopreneur to use include: PDF Expert If you need to send and receive a lot of documents for your new business adventure, then PDF Expert is a good tool. This will allow you to receive and send out PDFs while making it easy to quickly edit inside of that document. This saves a lot of hassle and will ensure that the other party receiving the PDF can still get it without formatting issues. Password Manager Keeping track of all the passwords that you need to manage through the day can be a challenge. You should not use the same one for each account that you get into. But if they are all different, how are you supposed to remember them? Use password manager, you can keep all of the passwords in one place. It will safeguard all of your information and can even generate secure passwords. You can even use it over more than one device so you won’t have to worry about it later on. Both Google Chrome and Microsoft Outlook have automatic password protection tools. There are also Apps you can use such as Password Padlock. A Task Manager This is one of the best tools that you can use to stay organized while getting work done. There is a ton of work that needs to be accomplished when you are a solopreneur. And staying organized and on top of it may seem almost impossible. Instead of trying to keep it all memorized in your head, you can use this task manager to help out. A particular option that many use is Microsoft Outlook which is a great organizational tool that can make you more productive. You can attach documents to a task, create recurring tasks, and so much more while keeping it all in one place. You can also link One Note, Teams, Zoom, Skype and emails. If you are worried about how to stay organized as a solopreneur, then this is a cool tool to choose. The best resource for Microsoft Outlook is Priority Management’s Working Sm@rt Suite. You can find a Priority Management Office near you here. Autoresponder An autoresponder is a service which allows you to automatically send out emails to several if not hundreds of people, or to several groups of people at the same time or in a sequence. Autoresponders are like having your own personal assistant. It gives you a way to automatically keep in touch with your customers at one time, keep your email list current, gives people a way to unsubscribe to your list; adds people to your email list; ensures you follow CAN-SPAM Act guidelines with double opt-ins. Essentially an autoresponder will help you be more productive, run your business more smoothly and give you extra time to work on more important activities such as developing a product or program. You will be able to automatically send out emails in a sequence, for example an 8 part training course you want to send out one module at a time. You can set it up so that modules go at the appropriate time and date. You can set up ways to capture potential customer names and email addresses for instance by offering a free eBook, Mindmap or Resource file. However, you must have permission from subscribers before you sign them in, or they give their emails through a promotion that is linked to your subscription list; once you prepare an email the sending process is automatic. And when you get the hang of using an autoresponder you will find it is an easy way to communicate to people on your list To get started you will first have to sign up to an autoresponder service. I use www.Getresponse.com and www.Mailchimp.com (free but limited for the up to 1000 on your list). Another Autoresponder my colleagues use is www.Aweber.com As a solopreneur, it is important to have the right tools available and ready to go from the beginning. With the tools above, you will be well on your way to running your business and seeing the success that you desire as a solopreneur! eBook Creator An excellent tool for creating eBooks is Scribble. I have used Scribble to develop eBooks for sale and promotion. Not only does Scribble create eBooks, you also have the opportunity to integrate a book store, audio books, flip books, blogs and much more. Scribble is one of my go to programs. You can find it here. Product Creation The best program that I used to help me understand and create products is Trevor Carr's Breakthrough program. It is packed with training, a helpful support group and solid helpful hints. If you have never prepared or packaged products before Breakthrough is a must. You can find it here. B. Tips For Using Social Media Social media will become one of your biggest assets when growing a business. But you need to know how to use it properly. Many solopreneurs have big ideas of growing on social media, but they find that things do not go as planned and then they are stuck with a lot of work and no response. The three best tips that you can use to help grow your solopreneur business through social media includes: Do Not Post Too Often Finding the balance in terms of how often to post is important. You do not want to ignore your page for days at a time and then post a bunch and then abandon it. But you also do not want to post fifty times in a day because this will annoy potential customers and they will stop even looking. With some good analytics, you will find the perfect mixture of when to post and how often during the day. It is fine to experiment a bit to find the right amount for your business. Pick Relevant Material When you make a post on social media, it is important to pick material that is relevant or that your followers will find useful. The right content will make all the difference, though it does depend on the type of industry you are in and the products you sell for what will be considered relevant content. Think about what you would enjoy seeing on a social media page for a company and work from there. Interact with the Customers It is important to spend some time interacting with others on your social media page. You do not want to just put something up and then ignore the page until the next day. Your customers may ask you questions or comment under a post and a little interaction can help make it feel more personal. To make this work, you do not need to be online all day waiting for a comment to respond back to. Pick an hour or so a day that you can do this and give your best answer. It does not need to be perfect. But your customers will appreciate that you are giving some effort. Social media can be a great tool for a solopreneur to help them reach their potential customers and start to grow. And when you use the three tips above, you will find that it is easier than ever to make social media work for you. C. Tips To Grow Your Solopreneur Business Quickly As a solopreneur, you are likely looking for a lot of different ways to grow your business quickly. You want to get your name out there and turn this from a side business into a full time one. Or maybe you quit your regular job to do this and now you want to get the ball rolling. The good news is that, even as a solopreneur, it is possible to quickly grow your business by using the following tips: Build Your Network Anyone who is looking to grow their business and see results will know the importance of building up a network. You need a good network, including potential clients, industry leaders, and more to help you. Do not avoid adding someone to your network just because they are not a potential customer or because their industry does not seem to relate to yours. They can still provide you with a wealth of knowledge about getting started. And many times they will send over potential clients if they think you will be a good fit. It is beneficial to you and others in your network to form these connections. Share Your Knowledge As a solopreneur, you already have a wealth of knowledge available. The thing that will really position you for growth though is what you do with all of that knowledge. You can share a lot of your knowledge with your clients or find another unique way that you will stand out from the crowd in order to position yourself as the expert in the field and get ahead. Learn Something New Sometimes learning a new trick or a new program will make all the difference. As a solopreneur, you do not want to stretch yourself too thin by offering too many things to your clients. But by learning a new program or another important aspect of your industry, you may position yourself better to really help your clients out in a way that the competition can’t. Think about what will be the most beneficial in your industry and focus on learning that. A solopreneur is in a unique position to offer niche services and really reach their clients in a different way than a business or an entrepreneur can. When they take the time to grow their networks, share what they know, and even learn something new, they can quickly grow this small business into something that makes a good income for them. Join A Business Group Most communities have associations and organizations that cater just to businesses. These could be like the Chamber of Commerce, a faith based group, or a private group. Find a business group that fits with your business direction, where members are non-competitors, and is local. A local business group gives you the advantage of developing social relationships with like minded businesspeople and resources for immediate help. Also don't forget to join like-minded solopreneurs on social media. For instance join a Facebook business group, or find a mentor that will help you grow in your niche. D. Tips to Turn Your Side Hustle Into Your Business If you have worked on a side hustle that is doing well, you may decide that it is time to start your own solopreneur business. this is a fun step to take, but to make the transition, you need to be prepared and organized. Some of the tips that you can use to turn a side hustle into your own solopreneur business includes: Find a Business Name Set up the business entity the way that works best for you. Many solopreneurs work as a lone proprietor, though an LLC can help to protect you in case of a lawsuit. You need to figure this out to help when tax time comes. Open up a business bank account so you can keep your business finances separate from your personal ones. Domain Register If you are going to establish a website or any other web service, you will need to have Domain name. A domain register services is a company that handles the reservation of a domain name as well as an assignment of an IP address for that name. Domain names are alphanumeric aliases to access websites – for example the Fontanie Magazine domain name is Fontaniemanagazine.com and it’s IP address is 71.17.38.236. It is easy to register a Domain name. However you don’t own the Domain name. You are just leasing it to use. As long as you continue to pay the registration fee you can keep using it. The Domain Name Registration Firm I use is www.Godaddy.ca Freelance Platform Freelancers work for themselves and who contract their services out. They could be a writer, photographer, or an expert in any field. A variety of companies, organizations and government agencies hire freelancers. The jobs vary from short term to long term or part-time and full-time projects. It is projected that there will be in the neighborhood of 86 million freelancers by 2028. As a self-employed individual the freelancer is responsible for all administration such as billing clients, setting work hours, time tracking, paying their own taxes. Since don’t use Freelance Platforms but Freelancers often use www.Fiverr.com , www.Upwork.com www.Elance.com Payment Processor Simply put a payment processor relays information from your customer’s credit or debt card to your bank or vise versa. One of the roles of the payment processor is to make sure there is enough money in the customer’s account to cover the cost of the purchase. If there is, the transaction goes through. Every time you use your credit card and pay a bill the payment processor goes to work. In the internet marketing world payment processors often include such firms as www.PayPal.com www.Square.com www.Stripe.com and www.ClickBank.com . Btw I use all four. Web hosting Service In a nutshell a web hosting service is an on-line service that enables you to publish your website or web application on the internet. Web hosting now meets the different needs of websites and customers. They could include ‘Shared web hosting’ Dedicated hosting, VPS Hosting, Cloud Hosting, Reseller Hosting. The different types of webhosting relate to the kind of technology used for the server, the level of management provided and the services offered. Many Web Hosting Services will also register your Domain for your Website. I host Fontanie Magazine on www.Weebly.com for an annual fee. I have also used a free Google web hosting service at www.Sites.Google.com. Other paid hosting services I recommend are www.HostGator.com and www.Bluehost.com. Research the Market You may need to research the market a bit more to find your niche. Doing something as a side hustle is a little different than making enough to earn a full income. Since you have had a chance to dive into the market already, this can put you in a unique position to know what niche would be the most profitable and you can jump right in there. Do some research and decide where your market is. Create Your Network In the beginning, you may need to rely on word of mouth quite a bit to get things going. Having a strong network in the community can help with this. Rely on your friends, those you meet at church, and others you encounter at the park, at networking events and more, to help turn the business into a success. Your network will be important as time goes on so consider who would be an asset and think of ways you can help them out too. Think About Marketing As a solopreneur, you will not have a large budget to use as a marketing tool to help. This does not mean you are completely out of hope when it comes to showing off what you have. You may need to be more creative though. A good social media presence is important so think that through ahead of time. Consider word of mouth and other options as well. You may have started out as a side hustle to make a little bit of money. But these side hustles can quickly turn into a successful solopreneur business when done well. Follow the easy steps above and you will soon have your own solopreneur business up and running. In Conclusion I have tried to provide you with a number of tools you can use to make your life easier as a solopreneur. This top eighteen list is a beginning for you. Master them and you will become a master solopreneur. In the event that you want more information and education on becoming and strengthening your skills as a solopreneur just press the button below and receive a free e-Book Home Office Stress (as found in the Storefront) Thanks for reading, and as always keep safe, stay healthy and become the best version of yourself. Richard Fontanie  Ready to leave the 9 to 5 job and start working for yourself? Have the drive and motivation to do some really big things in life, and ready to see how it can go for you? Then becoming a solopreneur may be right up your alley. This article explores the determinants of a solopreneur, the difference between a solopreneur and an entrepreneur, why you may want to become a solopreneur, the benefits of becoming a solopreneur, the secrets of successful solopreneurs, and some ideas for you to test out.
A. What is a Solopreneur A solopreneur is simply anyone who sets up and runs a business on their own. Freelancers are often seen as solopreneurs as are those who start any other type of business without the help of someone else. You may have a few people who work for you, but you take on all the risks of running the business yourself, without a partner or outside help in that way. How is a Solopreneur Different from an Entrepreneur? These are very similar types of individuals. All solopreneurs are considered entrepreneurs, though it does not go the other way around. A solopreneur is going to do it all, while an entrepreneur is more likely to manage others and delegate. An entrepreneur may start a business, but they have a whole team that helps to get the work done with them, including marketing, accounting, and more. Solopreneurs are often on their own. They will handle all the little parts of their business. They may perhaps have an accountant to help out during tax time, but this person would not be an employee of the business. The Life of a Solopreneur Most solopreneurs are not looking to build up a whole empire. They want to work for themselves and they would like to make a good paycheck, but they want their business to still be manageable enough that they can make the majority of the decisions on their own. This does limit how much the solopreneur is able to take on. For example, the solopreneur only has so many hours in the day. This forces them to pick the right tools so they can be as efficient as possible. The solopreneur does not need to worry about employees and payroll and benefits either though, which can take out some of the stress of their day to day lives. When you are looking for a way to start your own business, but you want it to be manageable and personal, rather than a big empire that needs a ton of work and people to keep it going, then becoming a solopreneur may be the right choice for you. B. The Difference Between A Solopreneur and an Entrepreneur. Solopreneur is not a term that is brand new, but it is one that is seen more often in recent years than before. Many solopreneurs are passionate about their work and what they can provide to the world and their customers but figuring out the difference between a solopreneur and an entrepreneur can be challenging. Some common differences between these two includes: Solopreneurs are Founders and Employees Someone who is considered a solopreneur is able to manage all aspects of their business, without delegating tasks out to others. They create the business and are the main person responsible for delivering and producing the products. They may occasionally hire a freelancer to get some work done, but most is done on their own. On the other hand, an entrepreneur will hire a team and manage that team to get work done. Solopreneurs Have One Business Focus Most solopreneurs are excellent at niche offerings to their customers. This helps them to find their own space in the industry that they choose, while also ensuring that they do not take on too much at once. An entrepreneur will often focus on many things and diversify themselves to make their company bigger. If you are looking to start a social media company, a solopreneur may have a few packaged services to offer, while an entrepreneur would offer a lot of individualized options for the customer. Solopreneurs Do Not Build Businesses to Scale Entrepreneurs often dream of making their companies large. So they design them in a way that it is easy to keep it growing and getting bigger without more work later. For solopreneurs, their goal is to make the business profitable and keep it there just for themselves, without scaling the business. Financial management is Different As an entrepreneur grows their business, there will have more financial responsibilities. They have to handle payroll, taxes, benefits, and profits along with other financial goals. For those who are solopreneurs, there are fewer things to consider financially. They can go with something as easy to manage as a sole proprietorship, which allows them to handle all of the profits and everything else that comes with the financial decisions of the business. There are a lot of benefits to being both an entrepreneur and a solopreneur. Understanding how each of these works and deciding what kind of business you want to run can make the decision easier. C. Why You May Want To Become a Solopreneur The idea of becoming a solopreneur has mushroomed of late. There are many people who are enticed by the freedom and the flexibility that comes with starting a business that they run and manage each day. They can get all of the benefits of being their own boss without having to hire others and worry about payroll and other headaches. Some of the top reasons why you should become a solopreneur today include: The Ability To Control Your Schedule One of the best things about being a solopreneur is that you get to control your own schedule. There is no boss to report to each day so the hours you work do not matter. You need to stick with the deadlines that you agree upon with your clients, but you will know about those upfront and can negotiate them. If you need an afternoon off for an appointment or want to take a vacation, or even if you know you work better late at night, you can make those decisions and tailor your schedule to fit that. You Choose Your Income Many employees find that they are limited on how much they can earn. The human resources at the company may put a cap on it or they are not able to get a raise because of budget concerns and other issues. When you become a solopreneur, you get to choose how much you are worth. If you want a raise, you can take on more clients or change your rates. And you do not need to ask anyone for permission to do that. Choose Who You Work With How many times at work have you been stuck with a client or boss who does not share your vision or who seems to belittle you all the time. This can be a challenge but you keep taking it because you want that paycheck. When you become a solopreneur, you no longer have to feel stuck. You can choose which clients to work with. And you no longer have annoying or bad employees or a boss to report to at the end of the day. There are many reasons why becoming a solopreneur is such a great option for so many people. You need to be motivated and organized to get it done, but for those who are ready to take control over their own lives, becoming a solopreneur is one of the best options out there. D. Benefits of Becoming a Solopreneur A solopreneur is an individual who decides to start and run their own business. they can often do this from home without having to hire a lot of employees or worry about the added expenses. There are a lot of benefits to becoming a solopreneur, even compared to working as an entrepreneur. Some of these benefits include: You Are In Control A solopreneur gets to be in control over the business. They can set their prices, they can set their hours, and they can choose the type of work that they want to do. This is control that most employees do not get to enjoy when they are at a regular job. This freedom is what entices a lot of people to look at becoming a solopreneur to gain more freedom over their money and their lives. You Get to Make the Decisions One of the best things about being a solopreneur is that you are the only one in charge of that business. This means you get to make all of the big decisions. If you are bad at making decisions, then this kind of business arrangement may not be the best one for you. But for those who do not want to answer to someone else, being a solopreneur may be a great option. You Get to Keep the Profits Solopreneurs often do not have the same costs as other businesses. They can do the work from their home so they will not have to pay for office rent. And without employees by their side to do the work, there are no salaries and benefits to pay and no payroll taxes either. This means more of the profits go to your pockets. You Can Outsource While most of the work in a solopreneur business is done by the individual, if there are a few things that come up that you aren’t knowledgeable about or that you do not have time for because life gets in the way, it is possible to outsource. Freelancers are great for helping with some projects or hire an accountant to help during tax season. These are just some of the benefits that you can enjoy when it comes to being a solopreneur. With the right mindset and a great idea and time management on your side, you can become your own boss and enjoy all the benefits of a solopreneur. E. Secrets Of Successful Solopreneurs The idea of becoming a solopreneur has grown in leaps and bounds. Many people enjoy the idea of working for themselves while running a business that is manageable that they can set the hours and do the work on their own. If you are looking to become a solopreneur, take a look at these top secrets to see success! Aim Small There are a lot of business owners who want to aim big and make their business as large as possible. This may seem like a great idea, but then you are an entrepreneur instead. If you like the idea of being a solopreneur and just want to make enough to support yourself without the hassle of a big business, then your goal is to aim small and let the rest take care of itself. This can take a lot of pressure off and makes running your business easier. Do Less Selling Many solopreneurs feel like they need to do more selling to get anyone to take a look at them. They want to be heard above the crowd and get all of the sales possible. While it is noble to be so motivated to a goal, that is not how this is going to work. Overselling is going to annoy the customer and they may put you on mute in places like social media. Be more personable, meet the needs of potential customers, and find new ways to show your product, without the selling, and see how much that will make a difference. Find Your Passion If you are not passionate about your business, then you are going to get really tired of it quickly. Solopreneurs often are in charge of every aspect of the business. you will spend a lot of time around the product or service that you plan to offer as the business idea and it will be hard to stick with it some days when you are tired or frustrated. The good news is, if it is your passion, you will have a lot more good days than bad, and you can continue to turn this into a good profit. While you are at it, make sure to have a good accounting software or accountant by your side to help you continue making profits. Plan For Your Passion To Unfold It’s fine to have a passion, but you need to move to action to make your passion come alive. The best way to do this is to spend time planning out where you want to go and how you want to get there. The first is all about making sure you have a marketable vision and the second is to develop ways to achieve that vision. Without a plan your vision will remain a dream and your work will not bear the fruit you want. In fact, in most situations it will frustrate you because you find you are not achieving what you have set out to accomplish. F. Low Cost Solopreneur Ideas The first step to becoming a solopreneur is to figure out the idea of your business. There are many great business ideas to choose from, but you need to find the one that goes the best with your passion. Add in an idea that does not cost a lot to startup, and you are ready to go. Some of the best ideas you can use as a solopreneur include: Writing There are so many great options for writing and all you need to get started is a good computer and some writing software like Word. You can be a blog writer, eBook writer, or freelance copywriter to help out business. even some advertising jobs need writers to help get the work done. You can choose your niche and the type of writing you would like to do and then get to work. Social Media Manager Many companies are looking for people who can handle their social media accounts for them. From adding more customers to the site to handling posts, interactions and more, there is always a need for those who know how to work with social media accounts, especially for big companies. You can choose a niche to work with or offer different packages and it will not cost much to start. Web Designer For those who are a little more creative and into designing, a web designer could be a good choice. There are many individuals and businesses who are looking for someone to create a professional looking website for them. With a good computer, a little knowledge, and a few templates already designed (you may want to design your own website ahead of time too), you can get going with this new career choice. Do What You Are Good At If you have some experience with taxes for instance, then becoming a tax professional may be a good idea. You will need a good computer to store the information on and probably a few tax software options to help you diversify for different clients. This can still all be done for relatively cheap based on which options you choose. No matter what experience you have under your belt you can use that experience to help others. The real trick is to find a problem that needs to be solved, check your own ability to solve it and then develop the ways and means to set yourself up as the expert in solving that particular problem. There are so many great ideas out there for becoming a solopreneur and it is possible to do this without spending a lot of money out of pocket. With the right idea and a little hard work, you are certain to get this new business off the ground and running in no time. In Conclusion If you are ready to become a solopreneur then start the process to make it happen. If you need advice, support or need to sharpen your skill areas before jumping it, there are people who will help you. My experience tells me that most people make it as solopreneurs when they have support along the way. This means that you may need to invest some money so that you can make money in the long run. This is all about making sure you have the right mind set to set yourself up as a successful solopreneur. If you are want some help in this area consider The Bizwoli System. Thank you for reading, As always, stay safe, keep well and continue becoming the best version of yourself. Richard Fontanie Over the years I have assisted hundreds of budding entrepreneurs in getting started in their businesses. Our Business Development course included everything one needed to know to establish a business. We began by assessing the individual to determine whether they were open to learning, what skills they had to bring to the business table, what their attitude towards business was, and whether their lifestyle was conducive to the hard work of opening a business. We worked with them to develop a business plan, supported them as they learned to get their business off the ground, and even worked with them to obtain business loans from the bank. We know that many people start a business without such support. Our studies showed that only 35% of those who started a business were no longer in business five years later. We found that our business support and coaching catapulted new business owners to an 85% success rate after five years. This percentage increase is not unusual as others who provided business training and coaching had the same result. Many of the businesses we worked with started as “Mom and Pop” operations and others were solopreneurs. The age range included hose in their twenties to those in their fifties. The gender was a mix of male and female, and the geographic location was both rural and city. Almost all of these new business owners wanted to establish a ‘bricks and mortar’ business, hire employees, and contribute to their communities. They were budding entrepreneurs in the traditional sense. Here Comes the New Kid I tell this short story because traditionally that is generally how people viewed business development. A business meant a local grocery, furniture, or bookstore. It meant some form of industry where products were made, marketed, and sold. It meant a place where people went to purchase goods and services. Then something happened. It was the development of the internet. A new breed of entrepreneurs began to emerge. Don’t get me wrong here. “Bricks and mortar” types of businesses are here to stay, but they too are undergoing a transformational change and have an internet outreach. Many are hybrids where they serve both local customers and have outreached their products and services beyond their boarders. Then there are companies that have understood the changing nature of the buying public and developed a massive internet presence like Amazon, eBay, Apple, and many others. Unfortunately, many large retail businesses didn’t adjust fast enough to meet the new emerging internet buyer phenomenon and have since closed their doors. Now we are seeing a new kid on the block, the virtual solopreneur. Virtual solopreneurs don’t want a ‘bricks and mortar’ business they want an ‘internet marketing’ business where their community of customers come from communities scattered throughout the world rather than from their local marketplace. They operate from their laptop. They are affiliates of Amazon, software companies and businesses that have a strong internet presence. They write eBooks, training programs, and develop apps and software that make it easier for people to make “money-on-line.” They work primarily alone but the successful ones’ have a strong network of mentors and colleagues from around the world. Many have administrative support, some from their own family, others hail from other countries and are connected virtually with the solopreneur. The past five years has seen an increase in the number of solopreneurs. The picture presented is like the “phoenix arising from the ashes.” People are adjusting to a new reality. Their place of work has changed dramatically and many no longer have jobs because their workplace went bankrupt or closed for other reasons. And in the past year they have been laid-off because of COVID-19 and have had time to think about their life and the virtual opportunities available to them. Another reason why people are moving towards virtual solopreneurship relates to the workplace itself. To be sure there are those who claim that they do not fit within a structured work environment but increasingly there is an unsettling number emerging. They are those who have relationship difficulties with their boss or manager-minder. Many businesses are struggling with how to lead and manage their workforce. Owners and managers continue to work within a command-and-control style rather than with the flexibility and employee engagement needed for today’s work environment. Most employees are rebelling against this by ‘striking out on their own’ and turning to the freedom that Internet Marketing offers. But we are noticing a troubling problem. We are learning that just like those who wanted to start a business in the past where 35% failed and 85% succeeded with support, we are now witnessing a high percentage failure rate among virtual solopreneurs. That rate varies from 90% to 98%. A shocking statistic. The reason for that statistic is that people who want to get into the internet marketing business think it is easy. The sad truth is that it is not easy. The top 2% so called ‘Gurus” in the internet marketing world have taken years to get to that level. The idea of starting an internet marketing business sounds sexy. It goes something like this: “I can work from home and make millions.” “I will be able to travel the world and provide financial freedom for me and my family.” “Just look at those who have made it, they are rich, and I’m going to become the same.” So, just like those who struck out on their own to establish a ‘brick and mortar’ business and so often didn’t succeed, the virtual solopreneurs of today are falling into the same trap. They plunge into the virtual world without preparation, knowledge of what they are doing, and the discipline necessary to succeed. They start but don’t follow through with any action plan; they lack time management skills and have no real sense of purpose or strategic understanding about where they are going. There was an old saying in our business, “It’s a simple business, but it isn’t easy.” This rings true for the virtual solopreneur. Unfortunately, they:
There is a neat Solopreneur package in our storefront that will give you more information about how to become a successful solopreneur. You can get a sense what it is all about by clicking the button below. Oh yes, don't forget to scroll down to the bottom of that page and get your free eBook on personal branding. Thank you for reading and remember your personal growth and development matters. As always: Take Care. Stay Safe. Be Your Best Self. Richard Richard Fontanie  |
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