s the volume of content output increases, it’s becoming more difficult to capture attention, which also means that the value of attention is increasing.
While it might sound too good to be true, we’ll give you a realistic overview of what it’s like to be a solopreneur (hint: it still requires hard work) and provide a proven step-by-step process to help you become a successful solopreneur.
We’ll also break down the key differences between a solopreneur, an entrepreneur, and a freelancer, and provide a list of successful solopreneurs you can follow for inspiration.
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What is a Solopreneur?
A solopreneur is a business owner that does not trade their time for money and has zero employees. Â
Some common examples of solopreneurs include course creators, content creators, product owners, and affiliate marketers.
Solopreneur vs Entrepreneur vs Freelancer
The main difference between a solopreneur and an entrepreneur is that an entrepreneur may have employees working for them, whereas a solopreneur has no employees.Â
However, neither solopreneurs nor entrepreneurs trade their time for money.Â
This is the main difference between a solopreneur and a freelancer.Â
While both solopreneurs and freelancers operate with zero employees, a freelancer trades their time for money, whereas a solopreneur can sell a deliverable (course, ads, product, etc.) that’s not tied to their time.Â
As a result, a solopreneur can scale their business infinitely by selling more of the product, whereas a freelancer must raise their hourly rate to scale. So even though both are self-employed, the solopreneur can eventually create a business that generates passive income, whereas a freelancer will always have to work to generate income.
That said, some solopreneurship business models (like content creators and affiliate website owners) require a lot of upfront investment before seeing a dollar. In contrast, freelancers can immediately make money after landing a new client.Â
Nevertheless, if you want to own a business that can eventually make passive income without managing employees, solopreneurship is the key to achieving that goal.
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Solopreneur Business Ideas
Here are a few of the most popular solopreneur business models you can steal.
