7 Tips to Become a Lifestyle Entrepreneur
Aspiring lifestyle entrepreneurs often believe that a business has to take over the world. But does it really? The truth is, this only holds true for investors. They always push for an endless economic growth, panicking when it peaks.
But the most successful entrepreneurs never focus on making tons of money. They start with how their business or idea can improve their lives. Then, how it can improve the lives of others. And only then, how much money they’d be earning. That’s precisely how Amancio Ortega made the Inditex company successful, later on becoming a billionaire.
And this holds especially true about becoming a lifestyle entrepreneur. You are the centerpiece. The main contributor and the main beneficiary. It’s always about making your life better. The money is just an added bonus.
What is a lifestyle entrepreneur?
A lifestyle entrepreneur is someone who focuses on improving their lifestyle and lifestyle of others with entrepreneurship. And it’s usually done through almost any kind of business. Whether you run a lemonade stand in front of your house or work with rich clients at a high-end consultation office. Both are, in their very essence, lifestyle business ran by a lifestyle entrepreneur.
The first hurdle is identifying what people need, not just you. There’s a gaping void in almost everyone’s life. Something they dearly desire. And quite often, it’s something others can fulfill. A lifestyle entrepreneur latches onto that need, fills the void, and earns tons of money from it.
Amancio Ortega noticed a lack of affordable but stylish clothing in his town. Women wanted to look beautiful and men wanted to look dapper, but most of them didn’t have money for it? His solution? Amancio designed and made his own line of clothes that matched the expensive clothing in both style and quality. It quickly became popular in his town, then the next town, and eventually spread through the country and even Europe.
The important thing to note is that it’s never about profits, but you still earn stupid amounts of money. The trick is to constantly remind yourself of why you’re doing it in the first place. And it’s to make a change in your surroundings, your lifestyle, and your perceived world. In short, it’s all about making a lasting impact.
But none of it answers the important questions. How do you become a lifestyle entrepreneur? What knowledge do you need? How do you get started? And what steps do you need to take to succeed?
If you want to know the answer to all these questions, stick around and find out!
#1 Start with your desires
The lifestyle of an entrepreneur starts with answering the seemingly simple, but terribly difficult question: “What do you want to change in your life?”
Do you want more time?
Do you want the financial freedom to travel wherever you want and do whatever you want?
Do you want to make your family’s life better?
Do you want to make a lasting impact on the world?
Or maybe you want something else entirely?
The good news is, you can do it all as a lifestyle entrepreneur. But you won’t ever get anywhere unless you answer the first question.
The more detailed your answer is the stronger your foundation and the clearer your path will be. That is the very first step in forming your vision. Or rather, the future you desire for yourself. And the stronger you desire it, the more likely you’re to succeed.
#2 Understand your strengths
The second most important step is to evaluate yourself. Your skill sets, knowledge, preferences, and interests. Simply write it all down to get a better overview of yourself.
When you do this it’s important to focus on what you’re good at and what you know. But not what you lack right now.
Maybe you have exceptional writing skills?
Maybe talking to people is really easy for you?
Maybe you know multiple languages?
Or maybe you really enjoy technology?
Things like that. Don’t undersell yourself in any aspect. This isn’t a time for modesty. But a chance at clarity. And everything you put down will serve as a framework for your lifestyle business.
#3 Choose your lifestyle business model
From here on out, there are two ways you can proceed. You need to choose whether you’ll produce something with your skills. Or if you’ll package and sell your knowledge and know-how.
For example, you could create a blog, write articles, and earn a passive income through affiliate marketing.
Or you could describe the entire process (research, drafting, etc) and compile it into an ebook or online course. And then sell it independently or through platforms like Udemy.
The more creativity you have in choosing, the better! For more ideas, check out this super informative video:
#4 Launch your lifestyle business
The next step is your startup. We take the plan and direction from the previous step and make it a reality. Take your time with this one. Because it’s important to have a good level of quality. That way your customer satisfaction will be higher, earning you more clients in the long run.
If it’s a blog, make sure the site design is appealing, the site itself is easy to navigate, and most importantly, it loads fast.
For an ebook, triple check the flow of ideas and if the logical structure makes sense. All without forgetting about typos.
When it’s an online course, ensure a good audio quality, provide visual aids, and present all the knowledge in a concise matter (having a script helps a lot here)
Things like that.
#5 Build brand awareness through social media
Even when you create the most amazing product that will help many people, it’s all pointless if no one knows about it. That’s why aspiring entrepreneurs of the past struggled to break into any market. All because advertising was dominated by huge corporations, becoming too costly for regular people.
But now, we have the internet. A digital landscape where we can reach billions of people across the globe. It started with Google ads almost two decades ago, so that specific venue is already dominated by the established entrepreneurs.
From there on out, you can create ads and even select the people they are shown to. Age, gender, location, interests, and so on. It’s a more effective method of advertising than any billboard ever was.
Even if you’re not sure, just make a wild guess. It probably won’t hit the mark at first, but by making slight adjustments over time, you’ll find the right crowd. And before long, you’ll enjoy the recognition and success.
#6 Use feedback to elevate your lifestyle business
Nobody’s perfect. Not me, you, or anybody else. And especially not products and businesses. But that’s not a bad thing. It just means there’s always room for growth. And feedback is the best way to ensure growth.
Things your customers dislike about the product. Additions they’d like to see. Aspects that could’ve been done better. Things they really enjoyed. Positive changes in their lives they experienced. And so on.
Both positive and negative feedback will help you improve your lifestyle business. You’ll be able to expand on your strengths and negate the flaws. People like to share their opinions. We just have to ask.
That’s the easiest way to improve on your successes and elevate your lifestyle business to even greater heights.
#7 Start a new challenge
When you’ve reached this point, you’re already a different person than when you started. You’re now a lifestyle entrepreneur with new knowledge and experiences. And your journey has only begun!
Your first venture or product isn’t eternal. That’s why you can use the six previous steps again to create something even greater. And it’s only gonna become easier and more lucrative each time you do it.
This the main reason why lifestyle entrepreneurs never take a different path in life. Because they don’t feel like there’s anything better out there.
They live great lives with minimal stress, have loads of free time, maintain happy families, sustain a solid bank account, and obtain a generally high life fulfillment. So why would they want anything else?
Will you become a lifestyle entrepreneur?
So how do you plan on becoming a lifestyle entrepreneur? Are you one already? If not, what’s stopping you? Can we help you? Let us know in the comments!
On a closing note, there’s one important aspect of lifestyle entrepreneurs life we skipped over. It’s essentially the lifeblood of any successful lifestyle entrepreneur. And the secret sauce is – great habits.
Or rather, 21 habits that anyone, especially lifestyle entrepreneurs, will instantly benefit from. But the problem is, most people won’t ever find them out on their own. The people who know these habits won’t talk about them or share them with anyone else. Why? Because they’re that valuable!
Find them out for FREE by clicking on the book below!