In 2022 everyone on Money Twitter has been talking about One Person Businsesses
But they do a horrible job explaining the types of one person businesses you can start and how quickly you can actually make money.
So I mapped it out for you.
There are 4 main buckets of one person businesses:
Done for you (Freelance Services)
-Quickest to monetize
-Maximum client interaction (i.e. most hands on)
Done with you (Coaching)
-Little bit longer to monetize because you need to build authority
-Lots of client interaction
Education (Courses)
-Less time to monetize, you can finish a course and have it up in a weekend
-Less client interaction depending on type of course, but in this bucket you set the terms of client interaction
Algorithm Businesses (Niche Sites)
-You create content, wait for the algo to drive traffic, get ad, affiliate dollars)
-Most time to monetize because you need to build a huge chunk of content first
-No direct client interaction
Picking the type of one person business that fits your lifestyle goals can be just as important as picking a niche. Choose Wisely.
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