$14,000,000/Year As A Solopreneur

Pioneer Place
34 followers
9 Video Views·Dec 15, 2024
We're almost at 80 employees right now.
I can tell you it is very, very, very difficult
to sit on the beach in pure peace and bliss
when you've got this much responsibility.
You should really focus on having a lifestyle business.
Making money, but actually enjoying it.
I'm talking about solopreneurship,
earning as much money as Fortune 500 CEOs do,
but without the stress and responsibilities
with more freedom and fun all by yourself.
But how do you start a one-man business business?
How much can you really make without hiring anyone?
And is it actually as good as it sounds?
Well, I'll tell you, because I am a solopreneur myself.
Well, I was actually, because here's what happened.
I started being a so-called solopreneur
almost by mistake, like I didn't even think about it.
I didn't feel the need of working with anyone else
or to hire anyone else,
because no one really gave me a business to follow.
I just stumbled onto the business that I'm doing right now
where I can be absolutely independent.
I don't need to outsource any of the work
and I can do it all by myself.
And I can do it with my two hands, with my brain,
and I can actually scale a lot and make a lot of money
without the need to have any employees whatsoever.
But right now, this is actually changing
because I scaled a lot my business
and it's starting being very repetitive.
I've been doing this for the last three to four years.
And as much as I like it,
I need some new challenges every now and then.
And right now I'm actually hiring freelancers and employees
to help me do YouTube content,
to help me manage all my education business
and the other businesses that I'm launching.
But my main business, my main cash cow,
doesn't require any employee.
And that is great because that allows me to be free
and do whatever I want.
So technically, right now, I'm not a solopreneur anymore,
just to be completely transparent with you.
But I am a solopreneur in my main business.
Let's talk a bit about the benefits of being a solopreneur.
Because see, there are many, in my opinion.
Like, I am a guy in my 20s.
I'm 26 right now.
And I lived the last couple years in complete freedom,
and that's exactly the lifestyle that I was chasing.
So I always envisioned to make a lot of money,
but at the same time, I wanted to be wealthy
and have a lot of free time as well,
because that's the difference between being rich and wealthy.
And I want to have both because I'm in my 20s.
I don't want to work all my life and have a lot of money
and only get to enjoy it when I'm 50 or 60 years old.
That's exactly what we tend to believe
because we were born in this society
where everyone has the same type of life path,
and you only get to enjoy when you retire from work,
and that's when you have a lot of free time.
No, that wasn't my goal.
My goal was to enjoy my life already now
because we are in our 20s.
And I didn't want to go to any university
and just go party every weekend and whatnot.
I wanted to make money and build the life of my dreams,
and this is exactly what I did.
And being a solopreneur allows me that
because I don't have employees to manage.
I don't have strict schedules.
I can make my own schedule when I want.
I just need to do what I'm doing at my business,
which is selling things, and I'm gonna talk about it later.
But the only thing that I need to do is perform,
and that's up to me when I perform.
It's not up to anyone else.
And that leads to terrific lifestyle.
So the benefits are, for sure, freedom and lifestyle.
And after maxing it out for the last three years,
I decided to do something else.
Because you see, it's not all sunshine and rainbows
when you work by yourself.
When shit hits the fan, it's all on you.
The pressure is on you, and there's no one to blame.
There's no one to ask for advice for, no one but you.
You have to take a deep look in the mirror
and figure things out, and it's not pretty,
especially when things don't work out.
You start questioning yourself.
You start thinking that maybe you're not suited for that.
You go through all the doubts that you can imagine.
But that's exactly where a lot of people quit,
and that's exactly where you shouldn't be quitting,
and that's exactly where I pushed through,
and that's why now I enjoy all my fruits.
And again, it's a process, and by going through this,
you will learn so much by yourself,
and you will learn so much about yourself
that you can't even imagine.
And with great responsibilities,
which is doing everything by your own,
comes a great reward, which is the amounts of money
that you can make, because guess how much money
you can make by being a solopreneur?
In my opinion, there are not real limits.
There are people that, as a solopreneur, build companies,
maybe using one or two freelancers at max,
which is using them occasionally,
and sold companies for millions of dollars.
And I, by myself, I managed to make even eight figures
of revenue a year just by myself.
There are no real limits, and that's my case,
but for the average viewer on YouTube, that is us,
we all wanna know, can I make 10K a month?
Can I make 30K a month?
Can I make 100K a month, maybe?
And the answer is absolutely yes.
So story time, one time I went to this mastermind
that I attend almost every year,
and I was talking with a guy that does something
rather similar than what I do,
just in a completely different way.
He has a lot of employees, and I asked him,
can you share how much revenue
your company is making, more or less?
Turns out he was also in the eight-figure range,
told me he was doing anywhere between 15 and $20 million,
and I told him, you know what,
I'm doing pretty much the same.
And the only difference between my company, his company,
were 120 employees,
just because he picked a different business model.
And there's nothing wrong in having 120 employees.
Actually, I think it's great.
You know why?
Because you're giving money to 120 people,
and that is nurturing many families.
Kudos for that.
Respect, like, I might be more selfish
that I don't even do that,
but the hustle and the amount of work involved
is completely different.
I can just work a few hours per week
when things go really well,
but he has to work regardless
because he has so many people to manage,
and you can have the supervisors,
the super supervisors, the managers, whatever.
You can set it up.
You still need to talk with someone every single day
and manage all these people
because, unfortunately, people's equal problems.
You need to solve their problems.
So even if you don't,
let's say you're an agency and you work with clients
and you hire people to work with clients,
maybe you're not gonna talk directly
to the clients anymore,
but you are gonna talk to all your employees
that manage those clients.
So regardless, like, you're creating a job for yourself.
And it's very important
that if you wanna become a solopreneur,
you make the smart and right choices
to put yourself in such position.
So you need to pick the right business model,
which I'm gonna cover in just a bit.
So there are no really low limits
when it comes down to being a solopreneur
and how much money you can make,
because, for example,
I make eight figures a year by being a solopreneur,
and there are many influencers, for example,
that are solopreneurs
and make seven figures a year of pure profit
by making content and promoting different brands
or they're different consultants
that sell their time at hundreds,
if not thousands of dollars per hour,
there's also that,
or to do consulting with a success fee.
So if they perform and they can solve an important issue,
they get a big chunk of money right away
and then they can chill for a while.
And then you can also be a freelancer.
So you can do job every now and then
and perhaps getting heavily paid for that too.
The only thing with freelancers is it's still a job.
So you're still capped.
So in my opinion,
the best categories is always to go for a business model
that pays you for your performance
and is not attached to your time.
And the best business category for me
is anything that has to do with sales.
So as many sales you can generate,
the more money you can make.
You could be an appointment setter, for example.
You're taking calls and you're trying to close deals
and get a percentage of that.
That's not bad.
You can make thousands of dollars a day even like that.
But again, you need to put in a lot of work every single day.
It's not really something you can do on autopilot.
But for me, I will always say that affiliate marketing
is the best business model out there
simply because of how the model works.
You sell products that don't belong to you on the internet
and your only responsibilities
is to create marketing campaigns,
is to create ads that work.
And the beauty of that is that once you find one ad
that works, you can chill.
That ad is gonna spend a couple thousand dollars
per week, per day, whatever your pace is gonna be.
But that ad usually lasts for some good amount of time.
And that's the magic with affiliate marketing.
And during that time, you have choices.
You either work on more products,
you work on more ads,
or you can go chill and travel the world.
And that's exactly what I've been doing
for the past few years,
balancing the work and my lifestyle,
enjoying the fruits of my results when things go well,
work more when things don't go as well.
And to be honest, in the last few years,
I didn't work as much.
I've been pretty lazy when it comes down
to my affiliate business.
But still, because I mastered it
and I know what I was doing,
and I know how to predict the waves
and always make sure that revenue goes back up
and profits as well,
I lived my dream life.
So if you wanna learn how to start affiliate marketing,
there's a video right here
that teaches you how to start affiliate marketing from zero.
And again, for me,
that's the best business model out there.
So go check it out and see you next time.
Peace.
