The Internet is used by over 4.5 billion people every day worldwide. The online medium is the next big thing! The word ‘Solopreneur’ is not new. In the past few years, solopreneurs have earned a lot only through the digital platform!
But, do you know the meaning of ‘Solopreneur’?
According to Merriam-Webster, Solopreneur means “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.”
A solopreneur is someone who runs a business independently without the help of partners or employees.
Solopreneur – the word may be new but the form & function have always been there!
For example, a fashion designer who designs the dress as well as stitches, markets, and sells it themself is a solopreneur!
It’s obvious where the word comes from. Solo Entrepreneur
You’ll understand solopreneur much better if you know the meaning of entrepreneur.
Then comes the question, what is an Entrepreneur?
An entrepreneur is someone who creates, builds, and scales a profitable business or businesses. Entrepreneurship is the process of transforming a business idea into a reality. Entrepreneurs hire people to do work.
In simple words, an Entrepreneur is someone who runs a business but hires people to work for them.
Got it?
A Solopreneur is someone who runs a business independently, without the help of partners and employees.
An Entrepreneur is someone who runs a business with the help of partners and employees.
Top Young Entrepreneurs in India
Tilak Mehta – A 14-year-old, who founded Papers and Parcels, an app-based digital courier company that provides one-day parcel services when he wasn’t even 13!
Shravan and Sanjay Kumaran – 16 and 15-year-olds, who co-founded a development unit, at the age of 10 and 9!
Aadhithyan Rajesh– A 16-year-old, who founded his company, Trinet Solutions at the age of 9!
Advait Thakur – An 18-year-old, who founded Apex Infosys at the age of 9!
Akhilendra Sahu – A 20-year-old, The CEO and Founder of ASTNT Technologies, an IT company and parent organization of multiple other companies founded by him.
Now, What is Digital Solopreneur?
It’s the same thing as Solopreneur but only digitally. Someone who runs a business independently without the help of partners or employees, using the digital medium, is a Digital Solopreneur.
Now that we have seen the WHAT, let’s look into the WHY.
What is in it for you when you become a solopreneur?
When you think about the benefits and advantages of being a Solopreneur, the list never ends!
- 100% profits
When you have people working for you, you give them a salary. But when you’re a solopreneur, you don’t have people working for you and don’t need to give anyone salaries, so you’ll get 100% profits!
- Control
You don’t have a boss when you are the boss. No one instructs you to do anything, so you have total control of your business.
- Own Schedule
You can make your own work schedules. If you want a day off, no one stops you! It’s your choice to work or rest whenever you want!
- Your location
You don’t have to sit alone in a locked room and work all night. You can work from wherever you want, let it be a beach or resort – your wish!
- Learning
From A to Z, you learn everything.
- Ease
You only need a computer or laptop with proper internet to be a Digital Solopreneur!
With the right mindset, strategies, and willpower, you can have an unlimited income!
You can only be a solopreneur if you:
- Set goals and work for them.
- Are disciplined and focused.
- Work smart.
- Don’t procrastinate.
A few examples of Solopreneurs:
- A yoga teacher who makes online courses and markets them themselves is a digital solopreneur.
- A potter who makes and sells the pots themself is a solopreneur.
- An artist working independently is a solopreneur.
- The fashion designer, who designs the dress as well as stitches, markets, and sells it is also a solopreneur.
A few easy Digital Solopreneur ideas that you can try doing!
- Online tutoring – You can teach others online through online calls, etc.
- Blogging – If you’re a good writer and have information, you can start blogging.
- Online courses – You can take your online tutoring to a next level. You can start making courses.
- YouTube Channel – PewDiePie, the Swedish comedian and gamer with over 100 million subscribers, is the world’s most subscribed individual YouTuber. The majority of his YouTube videos are comedy shows and gaming videos that are enjoyed by millions around the world. If you work for it, your channel will also be like his!
- There are so many creative Digital Solopreneur Business ideas that you can think of!
How can you become a successful solopreneur?
The steps to becoming a solopreneur:
- Choose Your Niche. Your niche is your area of expertise. It can be your passion or interests also. For instance, let’s take your niche as music or singing.
- You have to Develop your product or service. Your product can be courses, webinars, etc, related to singing, tricks to sing high notes, and more music-related content.
- Next, you have to design your store. Your store is your website. You can make a website for yourself and have all your content posted there. You can also have paid courses!
- Then you have to market your courses. Marketing means letting people know about something, in this case, your courses. If you don’t market then how will people know about it? There are various ways in which you can market your course.
Want to have a look at the recording of a webinar I conducted – Introduction To Digital Solopreneur For Kids?
Here’s a link to the recording!
Also, check out My YouTube channel which has videos like interviews, webinars, and more!
There are more than 41 million successful solopreneurs across the world.
Are you going to be one?
This article is part of an assignment from Digital Deepak’s Internship Program.
