Why do some solopreneurs succeed while others fail?

I think I've figured it out.

THREAD: The 5 fundamentals of a one-person business:
1/ They nail their ideal customer persona

Part of building a one-person business is being crystal clear.

Focused solopreneurs:

- Move from Market → sub-market → micro-market
- Know exactly who they are talking to
- Deeply understand their customer

Do you?
2/ They build a small but relevant network online

The best builders know it's better to build with others.

So they:

- Network with 3-5 impressive people in their space
- Start regular, meaningful conversations
- Think quality > quantity

Are you networking or spraying?
3/ They understand infotainment

On Twitter, we all want to be informed or entertained.

So, great solopreneurs:

- Teach people something they can apply immediately
- Entertain them with other relevant stories
- Make their audience think

Ask yourself: Does my content do this?
4/ They have focused distribution

You can build a great product, but distribution is King.

Smart solopreneurs:

- Don't play on every social channel when they start
- Pick one that works & learn the nuances
- Double down on what resonates

Are you analyzing your content?
5/ They monetize at the right time

You can't come out of the gate slinging product.

Money-making solopreneurs:

- Look for signals from their audience
- Often start with a service business to learn more
- Use feedback to inform future product

Are you guessing or listening?
Starting your solopreneur journey is a lot like building an MVP.

Resist the urge to get complex, and start simple.

Summary:

1. Get specific
2. Network small.
3. Infotainment wins.
4. Simple distribution to start.
5. Let your audience inform products.
I'm here to make your solopreneur journey easier.

That's why I write on Twitter.

If this was helpful, feel free to give me a follow → @JustinSaaS

If you have any questions, ask away. I'm happy to give out as many helpful tips as I can muster today.

Thanks for reading 👍🏻

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More from @JustinSaaS

3 Jan
New Year's resolutions suck.

We start out thinking we can conquer the world, and 30 days later we're defeated.

So this year, I've decided to take a page from @SahilBloom and implement his 5-step framework.

Here's where I landed for Q1 (plus a template you can steal)

🧵
@SahilBloom Before we get started, if you missed Sahil's post on January 1st, here's a TL;DR of his framework:

1. Set the Stage
2. Identify BHAG (big, hairy, audacious goal)
3. Work Backwards
4. Establish Process Goals
5. Track & Adjust

(I'll link to his thread at the end)
@SahilBloom I set the stage with 3 simple categories:

- Business
- Personal life
- Health & wellness

There are other categories I could have added.

But those feel like "business as usual", meaning I'll likely accomplish them without setting goals.

Not everything needs to be tracked.
Read 9 tweets
28 Dec 21
How to 2x your rates in 2022:

[Mini 🧵]
1/ Get feedback

First, you need to understand what part of your business customers love and want more of.

Ask simple questions:

- Where do your customers get the most value from you?

- What do they wish they could get more of?

- Don't forget: what do YOU enjoy the most?
2/ Optimize

Next, optimize your business by:

- Developing & expanding areas you and your customer enjoy.

- Eliminating things you and your customers don’t.

You want to find the intersection of what you enjoy & what customers want more of.

That's ALL your going to focus on.
Read 8 tweets
21 Dec 21
My 15 best entrepreneur lessons from 2021:

🧵
1/ Plan

When you're running 100 mph, things get chaotic.

This was the first year I broke my revenue goals down to the day.

Bite-sized goals are more approachable and help increase your likelihood for success.

I highly suggest backing into yours by month, week, and day.
2/ Reduce

My 4 businesses run on so many pieces of technology.

Bills add up, things break, and opportunities are missed.

I cut a bunch of technology and folded all of my businesses into a new site, launching soon.

All-in-one tech makes things so much more manageable.
Read 17 tweets
14 Dec 21
A growing Twitter audience is an asset to any entrepreneur.

I've added 14,547 followers in just 10 weeks.

Here are the 4 very simple things I did:
1/ A "touch base" tweet each AM

Each morning, I touch base with my audience.

My simple goal?

Provide morning motivation to keep other entrepreneurs building.

It also puts my name and face in front of people on a regular basis.

2/ An educational tweet each PM

Each afternoon, I share a lesson from my entrepreneurial journey.

Topics include:

- Service businesses
- Building information products
- Using social media effectively

My only goal is to help ONE person keep growing.

Read 7 tweets
9 Dec 21
You don't need complicated funnels to sell info products.

Nearly everyone I've met who uses them works harder, spends more, and makes less on their products than I do.

Here's my simple formula to sell info products:

A mini 🧵👇🏻
1/ Continuous value in a niche

I spent a few years on LinkedIn talking about social media growth on the platform.

All of my best lessons already exist as content. They are all free.

The good news is people will pay for aggregation.
2/ 80% give, 20% ask

As you continue giving away valuable information, you earn the right to make an "ask".

Once per week, I ask my audience to buy a course.

I make about 15x the revenue each "ask day".

See @gumroad screenshot (a few more asks bc of Holiday sales)
Read 10 tweets
7 Dec 21
18 brilliant business lessons from Twitter's brightest minds:

🧵
1/ Becoming an intrapreneur with @ShaanVP

If you're not ready to become an entrepreneur, start inside of your current company.

Shaan breaks down his 1-hour per week hack to building a brand inside of your 9 to 5.

2/ The benefit of finding a niche with @Nicolascole77

Learn how an article led to feedback, and how that feedback led to a new niche.

When you capitalize on that niche?

The whole game changes.

Read 20 tweets

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