Solopreneurs are far more collaborative than the typical particular person thinks
The most important false impression a few one-person enterprise is time.
As a result of it’s simply you, you must effectively use time higher than some other software or leverage level. Should you stuff up time, you’ll run out of it and burn out.
Nobody talks about this.
Listed here are 11 issues that trigger a one-person enterprise to develop to 7-figures (from a man who’s finished precisely that).
Many one-person companies are constructed on low cost hacks.
They’ve methods that work short-term however might be nuked by the platform, neighborhood, or software program that helps allow them.
The very best one-person enterprise mannequin I’ve discovered is a mixture of one-off gross sales and subscription income. However right here’s the place I break paradigms…
Month-to-month subscriptions suck. I solely do annual subscriptions.
The reason being a one-month subscription is a one-month sequence of dates. It’s transactional and it’s extremely unlikely to result in an annual relationship.
What you need is annual subscriptions. They’re folks that decide to you. And after a yr there’s a great probability they’ll be indoctrinated into your method of doing issues and need to stick round.
Whereas month-to-month subscriptions churn. They’re lukewarm.
So if you wish to make 7 figures then get critical about one-off gross sales and an annual subscription provide individuals can’t refuse. And maybe keep away from having a month-to-month possibility that’s nothing greater than a decoy.
Belief will get you additional. Advertising methods get you nowhere.
Many individuals have nice one-person companies.
However they by no means get previous $10,000 in annual income and may’t determine why. The reason being they lack depth. They publish one tweet for the month after which go “Shouldn’t I be a millionaire now?”
