Is it the year of the Lone Wolf Entrepreneur? The world has changed and many people are starting to realize this fact.
The way we do business is evolving, and the online world is becoming more important than ever.
As stores are struggling with various restrictions, people are choosing, or are forced to shop and do business online.
Many people are finding themselves out of work, having reduced hours, or simply locked down at home in some regions.
In this article, we will look at how, I believe, 2021 is shaping up to be the year of the Lone Wolf Entrepreneur.
Solo Entrepreneurs Are Becoming More Common
Regardless of social distancing measures and the challenges that they bring with regards to team ventures, many people are choosing to work alone.
Many people have found themselves out of work, or forced to work from home.
Smart people are realizing, “If I can work from home for them, then I can work from home for myself”
Unemployed people are realizing that most people spend large amounts of their time online, and there is a lot of money to be made.
When lockdown measures are in place, many businesses are forced to close.
But online businesses thrive, lockdowns in place or not.
The ability to set up an online business and not only work from home, but create your own income streams, is easier than ever.
There are many ways to make money online.
Here are just a few examples.
*I am not affiliated with or endorsing any of these companies in any way.
They were simply found using a Google search and presented as examples
Start an online store
It is reasonably easy to start an online store.
There are many shopping software platforms available, such as Shopify and Amazon.
Shopify has integrated shopping cart software and is one of the most used platforms in its industry.
Amazon allows you to use the FBA (Fulfilled By Amazon) program to sell your items on their platform.
You ship your products to Amazon, create a sales page, and Amazon handles all of the shipping and payment processing.
To get products for your own online store, you have many options to create branded items or even fully custom items.
For example, you could create your own brand and get your logo put on to various products by using a company such as 4imprint
You could also create your own fitness supplement line by creating your own blends using a company such as nutracapusa
Become A Self Published Author
In the old days, getting a book published was extremely hard.
Now, it can be done from the comfort of your own home.
Print-on-demand services, such as Amazons KDP will allow you to upload your work to their platform.
There you can sell your books as digital Kindle versions and print on demand paperbacks.
You create a product page for your books and they appear on Amazon just the same as any other product.
If someone orders the digital version, they pay and then can download your book in seconds. If a paperback version is ordered, Amazon will print the book and ship it to the customer.
Best of all, if you promote your work heavily yourself, then the more sales you get, the higher up in Amazon’s book rankings you go.
The higher in rankings you are, the more people Amazon will promote your book to via suggestions such as “Other people bought” etc.
With the amount of global traffic Amazon gets, you can imagine the potential for profit for solo entrepreneurs who use this method.
A lot of people, even famous ones, will tell you that it is impossible to be a Lone Wolf Entrepreneur.
Not all business models need teams of people to succeed.
In fact, there are plenty of people who work on their ventures alone.
People who find great success.
In this article, I’m going to debunk the claims and show that it is absolutely possible to be a Lone Wolf Entrepreneur.
Start A YouTube Channel
People start YouTube channels every day.
Granted, not all will reach huge success.
But, instead of focusing on the rare few who earn millions per year, focus on the revenue potential that is attainable.
There are multiple ways of monetizing a YouTube channel.
The most obvious is by getting to 1000 subscribers and applying for the YouTube partners program
This will allow you to apply for ads to be shown on your videos.
When you see ads play on a YouTube video, the creator is getting a cut of the ad revenue.
It is based on the number of views and is set at a rate of per 1000 views.
There are a lot of variables on the rate, such as type of ads shown, etc, but to keep it simple we will say $3 per 1000 views.
So, if your channel has 100 videos and between them, they get 1 million views per week, you would get $3000 a week in ad revenue.
That is a VERY simplified example, but it does give you a general idea of the concept.
You will see that some channels will also have their own merch lines or do sponsored product mentions within the actual video.
Another way is by using affiliate marketing.
For example, you may watch a video about a product and the person will say, “If you like the product, there’s a link in the description where you can purchase it.”
This is known as affiliate marketing.
Affiliate marketing is a very simple concept.
You post links to products and earn a commission if anyone makes a purchase.
For example, Steve joins the Amazon affiliate program
This gives him the ability to create links, that when clicked, takes the person to a product page on Amazon.
If the person buys, then Amazon handles all the payment, shipping, etc, and pays Steve a percentage commission.
If the commission rate is 5% and the person buys a $300 item, then Steve gets $15 in commission.
The more people Steve sends to Amazon who make purchases, the more money he earns.
Bear in mind, the products are not Steve’s products. He can link to any product on Amazon and earn money.
This is a well-known and established business model used by most of the most well-known sites in the world.
It is also used by a large number of solo entrepreneurs who work from home.
Most people think of entrepreneurs of jet-setting millionaires with huge teams pushing cutting-edge products.
The truth of the matter is much different.
Although there is no doubt these people are the most high profile and successful.
They are massively outnumbered by the solo entrepreneurs who quietly work from home on their ventures.
You do not need a sports car and a mansion to qualify as an entrepreneur, despite what the media may tell you.
If you create your own income streams and provide your own financial success, then you are an entrepreneur.
This is why I created this site.
To inspire people to take their financial security into their own hands.
In the world we live in now, relying on a job for our financial security, is quite frankly, risky to say the least.
Being able to provide for ourselves financially is becoming a very important aspect to consider.
There are many ways to make money online, and the above are a very tiny selection of the options available.
New articles are posted every day across a variety of topics related to being a solo entrepreneur.
Also, consider taking a look at my book.
It is available on Amazon in both digital and paperback versions. *Update, also now available on the Apple store.
It looks at the truth of being a solo entrepreneur.
What is needed as far as Traits, Mindset, Skills, Infrastructure, and also includes a basic step by step guide to setting up an online business from home.
I hope you enjoyed this article and will return soon.
Lone Wolf Entrepreneur Handbook
Available On Amazon + Google Play + Apple
Many entrepreneur books are full of fluff about making millions and living the jet-setting lifestyle.
Few of these books actually tell you the truth about what it takes to be an entrepreneur.
When becoming an entrepreneur, you become your own boss.
This entrepreneur handbook will show you how to become the boss you need for yourself and not the boss you would like.
It covers everything from finances, mindset, traits, marketing, skill sets, a step-by-step guide to setting up your online business presence, and much more.
It is a book that every solo entrepreneur should read.
Visit the page below for more details and a full list of contents found in the handbook.
Check Out The Lone Wolf Entrepreneur Resource Page
More platforms coming very soon and an app is in development!
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