Solopreneurs and entrepreneurs alike understand that success is something you create, it is NOT something that just happens to you. The Solowealth Solopreneur Strategy for Success is our blueprint to help you create a lucrative side hustle with minimal startup investment. The most exciting part of this endeavor is you get to be your own boss while the sky’s the limit! Let’s begin…

STEP 1: Create a Product or Service to Offer

Do you have a passion that you can turn into income? Do you have a skill that you can teach others? What problem can you solve for people? At the end of the day, your product or service must have enough VALUE for people to purchase it. We could review the “TOP 10” tools and resources to help you turn your vision into reality, but if we know a service is #1, why would we bother with the other 9?

For selling PRODUCTS using an All-In-One Commerce solution: shopify is the dominant choice. View Pricing Page

For selling ONLINE COURSES, WEBINARS, DOWNLOADS and MEMBERSHIPS: podia is our pick. View Pricing Page

Besides easy usability, what makes podia stand out above the rest is that you don’t need to add 3rd party plugins. All the tech you need to build a successful business such as a website, blog, landing pages, digital downloads, payment portal, email and client messaging, are built into one platform for one price.

STEP 2: To Launch a Business, You’ll Need AFFORDABLE Legal Help.

Should you register your business as a Corporation, Limited Liability Company (LLC), or a Sole Proprietorship? There are many factors involved for launching and running a business that you may not even be aware of such as compliance issues, contracts & documents reviews, legal disputes and so on. Wealthy individuals and big corporations can afford to retain lawyers for their business, but how do the rest of us get around the high cost to access legal services? Now there’s an industry disrupting solution that can allow anyone to run their business with confidence for a low membership fee that’s worth multiple times it’s value. Imagine having an entire law firm in your back pocket as your legal advisors without having to worry about a bill, invoice or retainer fees for each individual consultation.

Launch by LegalShield provides access to an experienced local attorney who will help you choose the best business entity type and State filing for your situation, and make sure it’s set up and filed correctly the first time. This service is currently available for US residents only.

The Legalshield Small Business Plan provides access to expert legal support you need to protect and grow your business without the huge legal bill, saving you thousands of dollars over hiring an attorney directly. This service is available for US and Canadian residents.

STEP 3: Marketing…Tell the World Without Breaking the Bank!

Okay, so you have a Product or Service to offer, you have affordable access to legal firepower when you need it, now what? Do your target audience a favor by letting them know you have something valuable to offer. But there’s one problem: MARKETING is one of the biggest and most expensive obstacles many startup businesses face. How can you compete with big corporations with Ad Spend budgets of $50,000 or more per month? No problem! The following are some of our favorite tools we love (and use) to put the word out there:

• CANVA : This tool is your secret weapon design studio for custom images, graphics and videos from Zoom virtual backgrounds, logos, presentations, flyers, infographics and T-shirts to social media posts, website graphics and so much more. You’ll not only need it for marketing, but to also help create your product or service in Step 1. We consider CANVA a ‘must-have’ in any entrepreneur’s toolkit. The easily affordable membership, pays for itself many times over as one of the best bang for the buck deals we’re aware of.

• MEET EDGAR: Your own personal social media marketing manager that can automate, save, repeat, and schedule your social media posts even while you’re away at your day job, vacation or wherever. It can even find and create content for your posts. Imagine being able to flood your social media accounts with quality content for mass sharing with minimal effort. This tool immediately saves you time and money.

• LUMEN5: A video production tool for social media marketing to boost social engagement and drive traffic using a tool that’s actually fun to use. You can try it out using the FREE Community Account. View Pricing Page.

• LOOM: Another video tool ideal for ‘self-recording’ instructional or explainer videos for your audience and team collaborations.

• VIDCHOPS : You know how lucrative it can be to create and market your brand on video platforms like YouTube. Creating a video for your business is one thing, but professional video editing for mass appeal can be time-consuming leading to “burnout.” Hiring a video editor is an option but it’s expensive…until now. Time is your most valuable asset so you should focus on what you do best and outsource the rest. Just capture your footage on any camera and send it to VidChops, and they’ll take care of the rest.  

STEP 4: Accounting – The Foundation of Your Business.

Accounting is monitoring the financial heartbeat of your business. The problem with most accounting software is they seem like they’re made for accountants, not business owners. FreshBooks is an all-in-one business invoicing and cloud accounting solution, without having to learn accounting. Gone are the days of spreadsheets and paper receipts storage. Best of all, you can manage your business from anywhere with the FreshBooks mobile app. 

That’s it! The Solowealth Solopreneur Strategy for Success may seem overwhelming at first, but these tools are like having a team behind you, cheerleading for your success! Remember, it won’t happen overnight, so just give yourself a realistic time frame with dedicated tasks to complete – one day at a time.

Cheers to your success!