Online business is the way forward nowadays. Thousands of people are building “lifestyle” businesses that allow them to travel the world and be full independent, whilst running their business at the same time!
The whole concept of a lifestyle business is so fascinating to me. The fact that we have the opportunity to build a business that gives us the freedom to do what we want, when we want has got to be something really special. I think this is something that we should all strive for in our lives. To have the freedom and choice to spend our time doing the things that we love.
I really do believe that the days of the office are coming to an end soon. The rise of the solopreneur is here and I think it’s only going to become something that more people aspire and take action towards.
With all that being said, I thought I would come up with a little list of businesses that can be started on a shoestring budget. These businesses have low investment requirements and can often be up and running within a few days.
We’re all looking to achieve financial freedom. And most people don’t realise that it’s not actually that hard to get there. Online business is the beautiful vehicle that enables us to create passive income assets that pay us for years to come. Technology has moved forward at such a fast pace, creating opportunities, business models and lifestyles that weren’t possible only ten years ago.
Starting an online business doesn’t have the be the most stressful thing in the world. If you follow a proven system and get all the right training, your journey will have much less obstacles for you to overcome.
Anyone can start a consulting business. You don’t have to be a super-genius like the movies will have you believe. A consultant is a someone who specialises in helping someone get from a current situation to a desired situation. That’s all there is to it.
Everyone has problems that need to be solved, whether that is more inbound leads for a business or a lack of self-confidence, consulting is an industry that is booming at the moment.
You can become a consultant in any industry and charge high-ticket monthly retainers to your clients.
Don’t I need to be an expert?
Well, yes. You can become an expert. To become an expert in a particular niche, you don’t need to study it for years and years. You can empower yourself with knowledge and learn more than what 90% of other people know within a few weeks. You might not be the best in the world at it but you’ll still be an expert in the eyes of a prospective client. As long as you’re confident that you can get the client results, that’s really all that matters.
Freelancing is great for anyone who wants the flexibility of self-employment coupled with the ability to work from anywhere (in most niches). Freelancing is huge now. It is estimated that over 35% of the working American population is now freelancing. This isn’t just something that a few people are doing anymore, it’s mainstream now. This number is expected to grow to over 50% over the next few years!
As a freelancer you can do almost any job that is done in an office. Take a look at the freelance job section of Upwork to get an idea of the kind of things people are doing with freelancing. Many people are turning over six figure incomes from freelancing alone. Pretty crazy stuff!
This has to be my favourite business model. Something that you can start for next to nothing and grow into something that provides passive income for years to come. Affiliate marketing is a great way to get started online. Simply put, it allows you to leverage the cool products that other people have created. Which means that you don’t need to spend tons of time and money coming up with a product yourself.
Affiliate marketing is the epitome of a lifestyle business because it provides location freedom, client independence (you don’t need to get results for anyone because you’re promoting products yourself), low startup costs and the list goes on.
The one thing I love about affiliate marketing more than anything else is that the earning potential is truly unlimited. There are plenty of big brands out there that are essentially affiliates. They don’t offer a service themselves but the key thing is that they add value for the consumer. These businesses are INSANELY profitable because they have such low overheads. All they are doing is promoting products and providing value (usually) in the form of content.