Effortless Small Business Ventures to Launch in 2024

I’ve got some awesome tips on how to kickstart your side hustle this year.

2023 is still ripe for opportunities, and here’s the lowdown:

A common issue for new entrepreneurs is overthinking. They get caught up in the details and end up stuck, unable to move forward. Here’s a foolproof way to ease into leaving your 9-5 gig.

Service-based businesses are a fantastic starting point. I began and scaled such a business to a successful exit for multiple seven figures, so I can vouch for its potential. Here’s how to get one up and running:

1. **Identify Your Skill or Service:** Figure out what you’re good at or what service you can offer.
2. **Get the Tools You Need:** Most service-based businesses need just a laptop. Don’t spend more than $500 on tools until you start making money.
3. **Get Selling:** Use freelancing platforms, reach out to your network, and talk with friends and family to find clients. Platforms like Thumbtack, Craigslist, and Upwork are great places to start.
4. **Do Great Work & Get Referrals:** Deliver excellent service, then ask for referrals or at least testimonials.
5. **Upsell Existing Customers:** If your service rocks, your customers will likely want more. Offer them additional services.
6. **Build an Online Presence:** Use a budget-friendly tool like Squarespace to set up a website quickly. Start an email list, get active on social media, and work on SEO.

Service-based businesses are easy to start but come with stiff competition. To thrive, don’t get discouraged by a slow start; keep pushing forward!

Another great way to leverage your skills and knowledge is by creating your own digital course. Here’s why you might want to consider it:

Creating a digital course lets you dive deeper into a subject you already know well. Think about topics like gardening, lawn care, engine repair, or website building. With your expertise, you can create valuable content for others.

To create a digital course, follow these steps:

1. **Identify Your Course Topic:** Choose a topic you’re knowledgeable about.
2. **Choose Your Platform:** Platforms like Gumroad are excellent, but pick what suits you best.
3. **Create Your Course Content:** Aim for low-production but actionable content. An iPhone, Loom, and PowerPoint can help you create a great course.
4. **Launch & Market Your Course:** Use your network, social media, and marketing strategies to promote your course.
5. **Collect Feedback & Improve:** Take student feedback seriously and refine your course over time.
6. **Upsell Related Products or Services:** It’s easier to upsell an existing student than to find new ones. Create additional courses or related products.
7. **Build an Online Presence:** Just like with a service-based business, a strong online presence is crucial. Use tools like Squarespace to set up a professional website.
8. **Use Ads:** Once your course is set up, consider running ads to attract more customers and scale your business.

Creating a course isn’t for the faint-hearted. Plenty of pros invest big bucks into making courses. To succeed, make sure to stand out by offering something unique and valuable.

Remember, there are many ways to leave your nine-to-five and become a successful entrepreneur. Whether you choose a service-based business or create a digital course, find something you’re passionate about that addresses people’s needs. Follow the steps in this guide, and you’ll be on your way to building a profitable and fulfilling business that lets you live on your own terms.

Good luck!