More info on the opportunity I talked about in Idea #2: https://www.chrisshupe.com/switchaway In this video, I show you 5 …

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5 Profitable One-Person Business Ideas for 2023

In 2023, the entrepreneurial landscape continues to evolve, offering numerous opportunities for individuals looking to start their own business. The rise of digital technology, remote work, and the gig economy has made it easier than ever for one-person businesses to thrive. Here are five profitable business ideas for solo entrepreneurs this year.

1. Online Course Creator

Overview

With the growing demand for online education, creating and selling online courses can be a highly lucrative venture. This option allows you to monetize your expertise in a particular field, whether it’s photography, coding, cooking, or personal development.

Getting Started

• Identify Your Niche: Determine what knowledge or skills you can teach that are in demand.
• Choose a Platform: Consider platforms like Teachable or Udemy for course hosting.
• Marketing: Utilize social media, email lists, and search engine optimization (SEO) to attract students.

Potential Earnings

Courses can sell anywhere from $20 to several hundred dollars, depending on their length and value.

2. Freelance Copywriting

Overview

As businesses seek to improve their digital presence, the demand for skilled copywriters has surged. If you have a knack for writing and a good understanding of marketing, freelance copywriting can be a highly profitable one-person business.

Getting Started

• Build a Portfolio: Start by creating sample works or offering your services at a discount to build your portfolio.
• Network: Join platforms like Upwork, Fiverr, or networking groups to find clients.
• Specialize: Consider a niche, like SEO writing or sales copy, to differentiate yourself.

Potential Earnings

Freelance copywriters can earn $25 to $150 per hour, depending on experience and specialization.

3. Print-on-Demand Business

Overview

Print-on-demand (POD) allows you to create and sell custom products without holding inventory. This model minimizes upfront costs and is perfect for creative individuals.

Getting Started

• Choose Your Niche: Decide what type of products you want to offer (e.g., T-shirts, mugs, or wall art).
• Select a Platform: Use Shopify or Etsy combined with POD services like Printful or Redbubble.
• Design Your Products: Use graphic design software or hire a designer to create unique designs.

Potential Earnings

Profit margins can vary, but many sellers earn between 20% to 40% per product sold.

4. Social Media Management

Overview

As businesses increasingly rely on social media for marketing, many seek skilled individuals to manage their online presence. This role involves creating content, engaging with followers, and analyzing performance metrics.

Getting Started

• Showcase Your Skills: Create a personal brand on social media platforms to demonstrate your expertise.
• Target Small Businesses: Many small to medium-sized enterprises need help but may not have a dedicated marketing team.
• Stay Updated: Keep abreast of trending topics, algorithms, and best practices in social media marketing.

Potential Earnings

Social media managers can earn between $15 to $75 per hour, depending on their experience and the complexity of the tasks.

5. Virtual Assistant

Overview

Virtual assistants (VAs) support businesses and entrepreneurs by handling administrative tasks, scheduling, customer service, and more. This role is particularly flexible, allowing you to work on various projects simultaneously.

Getting Started

• Identify Your Services: Decide which administrative tasks you excel at and enjoy (e.g., email management, data entry, or bookkeeping).
• Market Yourself: Use platforms like LinkedIn or specialized VA job boards to find clients.
• Build Relationships: Networking can help you secure long-term contracts and referrals.

Potential Earnings

VAs can charge anywhere from $20 to $75 per hour based on expertise and services offered.

Conclusion

Starting a one-person business in 2023 is not only feasible but can also be incredibly rewarding. With the right strategy, dedication, and creativity, any of these ideas can provide a sustainable income and the flexibility you desire. Whether you choose to create online courses or manage social media accounts, the opportunities are vast in today’s digital landscape. Choose a path that aligns with your skills and passions, and take the first step toward entrepreneurship!