Set Up Your New Lifestyle Business In 10 Simple Steps Set Up Your New Lifestyle Business In 10 Simple Steps
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Set Up Your New Lifestyle Business In 10 Simple Steps

If you’re lucky, you didn’t need to endure hours of traffic; slave away at a job you hated, or settle for a pittance of a salary for years; before suddenly realizing you weren’t cut out for that life. Some lucky people know from the get-go that they will never be happy servicing the dreams of another as an employee. So they go on to set up a lifestyle business of their own. 

But whether you’re currently enduring a job that you hate; or already working on owning something for yourself, you will need to know what type of lifestyle business it is; and how to start a lifestyle business. But first, what is a lifestyle business?

A lifestyle business is one where you run your business without any sacrifices to your life. That way, you live the exact life you have always dreamed of. Lifestyle businesses are not built mainly to make a profit. But you set up a lifestyle business first for your personal and lifestyle reasons. The profit is just a bonus. If you’re lucky, it’s a huge bonus.

The easiest examples of a lifestyle business are blogging, writing novels, consultancy, and online stores. Add to the list photography, social media content creation, and youtube vlogging. All of these are lifestyle businesses that you can run even as an employee. How to set up your lifestyle business? 

How To Set Up A Lifestyle Business In 10 Simple Steps

how to set up a lifestyle business

blogger on his phone | Shutterstock

  1. Define your goals
  2. Identify your passion and interest areas.
  3. Find a problem
  4. Create solutions to that problem
  5. Package your solutions into a business
  6. Set it up
  7. Build a potential customer/client list
  8. Just do it!
  9. Stay connected to your market
  10. Trust your intuition and never stop learning

Now, let’s break them down.

Define your goals

The first step is knowing what you want. You are sure you want to start a business, but what are the fine points? What do you hope to accomplish? Make a list of the personal things you want to see happening in your life as a result of this business..

Be sure to consider how much freedom you want while doing this; and how much money you need to be making to support your lifestyle.

Identify your passion and interest

how to set up a lifestyle business

Lady working on computer | Getty Images

A lifestyle business should be built around something that you love and enjoy doing. This is why you have to be clear on what you’re passionate about and the things you enjoy doing. Let them be the building blocks on which your lifestyle business will stand.

Several businesses have failed because their owners lost interest and gave up on them halfway through. Your lifestyle business has a higher chance of succeeding if you’re passionate about it.

In Setting Up A Business, You Must Find A Problem.

For a business to make money, it has to solve at least one problem. You will need to identify problems that your passion and interests can solve. That’s how to be sure you will get any customers. People will come if they know you have something they need.

Create solutions to that problem

You have to spend time creatively coming up with solutions to that problem above. Do it in such a way that it becomes a money-spinner. Ask yourself: would people pay for it? What lifestyle businesses are your competitors? What are people paying them for? Studying them will help you see what solutions people will pay for.

Package your solutions into a business

couple work partners

Joint business partners | Pinterest

The solutions you have found to the problems you identified are your lifestyle business. Package them accordingly. This means you need to create a concept around these two. This concept is your lifestyle business. 

You may love children, for instance. That’s your passion. There are hundreds of parents who work long hours and need someone to keep an eye on their kids. That’s a problem for them. You have time on your hands, love for kids and a fairly big home. That’s your solution. Your business concept would be to offer creche or daycare services to these parents. Package the how into a solid business idea your potential customers cannot refuse.

Go On And Set Up Your Lifestyle Company

You can now decide clearly what lifestyle business you will set up. Be sure that your business will be automated somehow. There has to be a way to infuse technology in your business idea. For your creche, think about adding cameras so that parents can view their kids in real-time and be sure that they’re fine. Technology will make things easier for you down the line.

Build a potential customer/client list

how to set up a lifestyle business

hand typing on laptop keyboard | Shutterstock

You have to know what kind of clients you want to attract upfront. Where can you find them? Who are they? What do they do? Will they be able to afford your solutions? Chances are they are your friends and family. That’s always a great place to start because you have most likely given them your services for free at some point. Also look into your networks, at work at school, at church, etc. Make that list.

Just Do It.

This will be the one that needs the most work when you are starting your lifestyle business. Get the tools you need to get set up. If you are planning on writing or becoming a professional blogger, you have to get the basics down of setting up a blog. This includes learning about and obtaining, the tools that you need. 

Stay connected to your clients/market

how to set up a lifestyle business

Young mom working from home| Shutterstock

This applies to your clients or your market. Through staying connected with them via social media and email; you will be able to keep yourself updated on the products and services that they want to buy; and the problems that they will be having that you might have a solution for.

Trust your intuition

This is also very important. Of course, learning should be a continuous process. Attend training and seminars related to the business you chose to go into. Keep yourself up to speed with the latest developments related to your chosen field of interest.

The real beauty of a lifestyle business is being paid to do work that you enjoy so much you won’t even call it “work”, and living the good life! Get started with your lifestyle business today and live life to the fullest!

Resource: Cleverism.com

Also read: 5 On-Demand Business Ideas For Couples To Start Together

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6 Ways To Make A Lot of Money Online

You can make a lot of money online and the world finally agrees to that in 2020. Now we know, the future is online. The COVID-19 pandemic has forced a lot of us to look for alternate sources of income. And we are finding them online! In 2019, global e-commerce was worth $3.46 Trillion.

The current value of content and creative writing is $326 billion. Experts say this will rise to a projected value of $416 billion in 2021. As people are looking for how to advertise their products and services, they are giving more attention to what is being said online. Seize the opportunity. Put in the work and remain dedicated to the cause and you will get a piece of that pie. If your business is not pandemic-proof or can’t survive a lockdown, you should read this.

Here’s how to make a lot of money online.

Freelance Writing

how to make a lot of money online

Writing is a skill, one you need to pitch your products online to potential customers. The problem is not everyone is skilled at it. If you have a flair for writing, you can sharpen your skill and make a lot of money online from writing. Various websites need content, various online programs need scripting, and many agencies need content for their clients.

There is a variety to choose from: content writing, copywriting and creative writing. There is also blogging and even research writing if you are more technically inclined. If you’d like to know more about writing for the internet, reading this document will help you.

Own a website 

Won’t it make sense to also own a website? You can place some of your writing and earn some of that ad money from Google. Google owns the largest online search market share. They are willing to give you a cut from Ads revenue if allowed to place adverts on your website.

The catch, however, is that your website should be a traffic magnet. You will need to write on topics people want to read and optimize your articles for SEO. Having a good number of articles will over time help you make a lot of money from your website.

Online trading lets you make a lot of money online as well

how to make a lot of money online

Online trading such as forex and commodity trading can be used to make a lot of money online

There is a variety to choose from, FOREX, commodity trading, stocks and more. These, however, requires skill, training, restraint and time. In the long run, with a little patience, you can make a lot of money from online trading.

Become an SEO professional

Everyone wants to rank on the first page of Google for their various keywords. It gets better if you can rank among the top 3 results. SEO helps you achieve that. SEO or Search Engine Optimization is what helps your website rank high on Google or other search engines.

This helps to direct traffic to your website. Being good at it means you can help people rank their website and businesses on search engines. And…yes, make a lot of money in the process.

Business coaching and consulting

As an expert in any field, the added income stream of being able to pass on your knowledge is good. This can be either as a coach or a consultant for businesses, in exchange for a fee.

The more in demand you become, the higher you can charge as fees. It boosts your reputation when high ranking companies or individuals become clients and give positive reviews.

Online courses let you make money on the internet

how to make a lot of money online

There is a limit to which you can achieve with one on one training as a business coach or consultant. To increase exponentially, you would need to scale up and reach potentially thousands. This can be achieved by putting together online courses on the topics.

You can sell these to customers online and get to make a lot of money. The great thing about online courses is you get to fix your price. People will pay for it, once they see the value you have created in the course.

Write an ebook

how to make a lot of money online

All you need is a laptop and the creative juice to write a book people would love to read. You can market it through Amazon or other online stores. This can make you a small fortune as an established writer, with a bit of traction in readership.

As a newbie, you might want to use an established publisher, instead of self-publishing. If your book is great and well-publicized, you still get to make a lot of money over time.

Social media marketing

Do you have the aura that can attract and control the crowd on social media? You might want to consider a gig as a social media influencer or even a brand ambassador for some brands. You help drive traffic to them and in the long run, customers.

Also read: Set Up Your New Lifestyle Business In 10 Simple Steps

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