Micro-Entrepreneurship For Dummies book cover

Micro-Entrepreneurship For Dummies

Overview

Tired of the 9-to-5 grind and want a way to earn or to supplement your income? Easy.

The media has named the growing trend toward micro-entrepreneurship "the Rise of the Creative Class," "the Gig Life," or "the freelance economy." All of those refer to the nearly 4 million workers who were self-employed this past year, and millions of others who currently supplement their income with freelance work. While the trend has been spotted before, there's one stark difference between micro-entrepreneurs today and the "Free Agent Nation" citizens of the late '90s: technology. Micro-Entrepreneurship For Dummies shows you how to navigate this confusing technological landscape in order to make a contributable profit.

Micro-Entrepreneurship For Dummies aids you in making the best use of micro-entrepreneurial platforms, with helpful advice that includes information on signing up for and selling products on websites such as Airbnb, Craigslist, Taskrabbit, Uber, and Etsy.

  • Micro-enterprise, using online platforms to sell products or services,??is a proven way to earn extra money and supplement household income
  • In today's struggling economy, the importance of self-run businesses and small enterprise is growing as more people take lower-paying jobs and need a little extra spending money
  • Shows you how to sign up for and sell products online

Micro-Entrepreneurship For Dummies appeals to anyone looking to earn or supplement their income from home.

Tired of the 9-to-5 grind and want a way to earn or to supplement your income? Easy.

The media has named the growing trend toward micro-entrepreneurship "the Rise of the Creative Class," "the Gig Life," or "the freelance economy." All of those refer to the nearly 4 million workers who were self-employed this past year, and millions of others who currently supplement their income with freelance work. While the trend has been spotted before, there's one stark difference between micro-entrepreneurs today and the "Free Agent Nation" citizens of the late '90s: technology. Micro-Entrepreneurship For Dummies shows you how to navigate this confusing technological landscape in order to make a contributable profit.

Micro-Entrepreneurship For

Dummies aids you in making the best use of micro-entrepreneurial platforms, with helpful advice that includes information on signing up for and selling products on websites such as Airbnb, Craigslist, Taskrabbit, Uber, and Etsy.

  • Micro-enterprise, using online platforms to sell products or services,??is a proven way to earn extra money and supplement household income
  • In today's struggling economy, the importance of self-run businesses and small enterprise is growing as more people take lower-paying jobs and need a little extra spending money
  • Shows you how to sign up for and sell products online

Micro-Entrepreneurship For Dummies appeals to anyone looking to earn or supplement their income from home.

Micro-Entrepreneurship For Dummies Cheat Sheet

As a micro-entrepreneur, you’re searching for tips and tricks to maximize profits and minimize losses for your micro-business. No matter what you offer to your customers, whether it's a service or product, you want to be the source your customers look to when meeting their needs and wants. The following information can help you be a more successful micro-entrepreneur, no matter whether the economy is struggling or chugging along.

Articles From The Book

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General Small Business Articles

Five Free, Valuable Online Tools for Managing Your Business

No matter whether you’re just starting your own micro-business or you’ve been working for several years, you want everything to run smoothly and cost effectively. As a micro-entrepreneur, your focus is to meet your target market’s needs while staying ahead of your competition. These free resources can help you.

  • Get a free email account for business use. Email is indispensable for communication, marketing, and other pursuits. You can get free email at Gmail or Yahoo, and other providers.

  • Try Open Office Software Suite. This powerful suite of business productivity tools includes word processing, spreadsheet, presentation software, and other software programs. The software is free and regularly upgraded and refined by open source software developers.

  • Network with LinkedIn. On this site, you can network with other businesses and professionals. You can make lots of valuable contacts, find prospects, and get answers to many of your questions from other professionals and specialists.

  • Market through e-mail. Mailchimp is a free email service to do e-mail distribution and marketing. You can send an email blast for up to 2,000 addresses on your list at no cost, which is perfect for businesses just starting out and needing a good way to manage a list of prospects and customers.

  • Use YouTube. This popular video platform gives you the ability not only to gain information and news (including lots of free how-to videos on a variety of business topics), but you have the ability to create your own videos (ranging from providing content to doing sales and marketing presentations) at no cost.

General Small Business Articles

How to be Successful as a Micro-Entrepreneurial Video Publisher

You can publish content in video form, and sell it to your micro-entrepreneurial business clients. Video publishing is easy to do, given today’s technology. Video marketing requires persistence, but it’s affordable through resources such as YouTube, social media, email, ezines, blogs, and online forums.

Ins and outs of video publishing

A video has three main components that you need to figure out:

  • Content: The content is your topic or specialty. In addition to making sales videos and videos that you can sell, you also want to offer videos with free content.

    Free content isn’t difficult or costly to do, and it can help you connect with your audience and build a relationship. The free content also acts like a nice sample of your knowledge and your insights. If people see that you’re generous with your content through free videos (or free reports or other content), they’re usually more conducive to buy from you.

    However, don’t give away your bread-and-butter content that you make a living on; give away free content that helps you better sell the content you specialize in.

  • Style or presentation: Consider both technical aspects of video publishing (such as the video equipment) and cosmetic aspects (such as your video recording environment; and your clothes, lighting, and so on).

  • Residence: The site for the video(s) can be a simple and free venue, such as at YouTube, or a site that sells your videos for you.

Equipment you need to create video

To produce your video, consider getting the following equipment and accessories:

How to create your video

To create your videos, stick to these steps:

  1. Research your market and competitors.

    By now, you should have decided on your topic or specialty. You should have also analyzed and reviewed your competitors’ videos, too.

  2. Decide on your video’s content.

    Figure out what you want your video to do, such as provide how-to information, news, or just entertainment. You can take any topic and have ten different spins on it — and ten different ways to make money. Just decide what you want your video to look like before you start recording.

  3. Setup the recording studio.

    Decide whether you’ll use a professional venue or some suitable place in your home, such as the basement. You might want to set up a whiteboard to write some comments.

    You don’t have to create your own videos; consider outsourcing the production, or hiring a college student to help you.

  4. Create your script.

    You need a script that spells out what your video is about. It doesn’t have to be detailed, but you should at least practice you’re going to say. If you don’t write a script, make sure you stay focused and talk only about what you know.

  5. Record your actual video.

    Make sure you dress comfortably and appropriately for the video you’re recording. When all is ready, record your video several times. Watch it and critique it. Ask others you trust to watch it and critique it. Rerecord until you produce something meets your satisfaction.

  6. Edit your video.

    From the video recorder you’re using, transfer the video to your computer to edit. If you flubbed a word or didn’t speak loudly enough on one take, edit parts of the many takes to create a final take. You might add text to identify your website and encourage viewers to sign up for your ezine or purchase more videos.

  7. Place your finished video online.

    The simplest and most versatile may be on YouTube. You can also email the video to your customers or host it on your website.

Use YouTube to present your video

Set up your own YouTube channel to present your videos to the world. Setting up your video channel is free and easy. Go to YouTube and click on “Sign In,” to go to a Google page (Google owns YouTube). There you can click on “Create an Account” and fill in the basic information (name, email address, and so on).

Keep in mind that you can have more than one YouTube channel. For example, you might have one for business and one for personal use, or one for each topic/specialty area.

Having a YouTube channel means folks can subscribe to it. If you develop a following, every time you upload a video, your subscribers will automatically be alerted via email (think of the marketing possibilities). In addition, you can have your YouTube channel connected with your accounts at Facebook and Twitter, giving you even more marketing power.

When you make videos and post them to YouTube, you can designate them as public or private. A public video means that anyone searching for videos can find them (your videos can have keywords associated to them). You can also do private videos, which means that only people with the link can find it.

For your business YouTube channel, make your content and marketing videos public so that anyone can view them. However, you can use the private video feature for your products. For example, if you sell a product, you could allow only purchasers to access instructional videos by sending them private links with the purchase.

General Small Business Articles

Ten Simple Marketing Strategies for Micro-Entrepreneurs

Everything in your micro business boils down to marketing. As a micro-entrepreneur, your business centers on two basic phases: the set-up phase, which is the easy part (although many beginning micro-entrepreneurs may not realize it when it’s happening), and the marketing phase, which is the truly challenging part. If you want to turbo-charge your marketing efforts, check out the following ten strategies.

Marketing through articles you write

One easy way to market your business or your product or service is by writing a free article and including some links to your website or whatever you’re offering.

Make sure the article has solid content and offers real value to the reader. If the reader finds value in the article, it increases the likelihood that he will click on the link to view what else you have to offer. With a free article, you can reach hundreds or even thousands of people who can potentially read what you’ve written. Article marketing is both a great form of direct marketing (readers can immediately go to where you direct them) and also a great form of indirect marketing (because it builds your credibility and your status as an expert), all for free!

Guest blogging as art of your marketing plan

You can also use your writing abilities to guest blog and post an article to someone’s blog. Guest blogging is a simple strategy. You find a popular and active blog (one relevant to your business and customers) and get permission from the blog owner to write an article for the blog (your guest blog). Your published article gives you great exposure.

When approaching another blog to submit your guest blog idea, remember that other blog owners will be more open to your proposition if you can deliver them a credible, well-written blog entry for their readers to read. One well-written blog entry on a well-known website can give you hundreds of new visitors to your website.

Typically you won’t get paid for writing the guest blog, but in exchange for your great content, the blog owner usually allows you to include your bio and a mention of your website, a link, or what you offer in your post.

To find blogs for guest blogging opportunities, head to websites such as Technorati.

Leaving comments on blogs and websites

You can usually comment on a particular article on active blogs or websites. A popular article with lots of comments provides you with a marketing opportunity.

To use this strategy, keep tracking the most popular blogs and websites involved with your topic. As soon as the blog or website posts an article, immediately read it and post a comment as soon as possible. You don’t have to do it with every blog; just the ones relevant to the business. Make it a habit of being an early commentator.

To become well known and a respected commenter on a well-trafficked blog or website, post regularly in a professional manner. You can then gently and adroitly mention your own site, blog, or offering. Doing so in a courteous and regular manner can be great marketing that doesn’t cost you a dime (just your time and effort, but it’s worth it).

Exploring joint ventures as marketing tools

If you have a product or service and you don’t have a market, then you may want to find someone who has a market but doesn’t have your product or service. In that type of situation, you can work together (a joint venture) and split the profits — a great win-win situation for you both.

Think of those firms and individuals that reach your target market but that don’t compete with you. If you’re interested, approach them and propose a joint venture. Say you have a great small business product or service. You can find those marketers that already have a large small business audience. You can do a joint venture with websites, blogs, and ezines that reach your target market. Finding those individuals and businesses that reach your target market isn’t difficult.

Participating in forums

The Internet has many forums. A forum is basically a gathering place for folks to express opinions and viewpoints and share information on a particular topic. Some forums are small, whereas some are very large. If you’re selling, say gardening products, become active and visible in forums with large gatherings of folks interested in gardening.

Most forums are free and are a great way to meet potential customers and ultimately grow your business. In addition, forums may be opportunities to do some market research or find joint venture opportunities.

Using Facebook to market your business

What better place to do some marketing that on Facebook, a site that boasts having 1 billion members (give or take 100 million). Registering on Facebook is free, and setting up a web page (fan page) is free. You can also add keywords (and other techniques) to boost your visibility. Spend some time on the site to build your connections to friends, family, and work associates.

After you have built your network on Facebook, start informing those members about your business activities. For instance, you can tell them you wrote an article or set up a blog, or you can make an announcement about a product that you’re offering. In the world of marketing, you don’t usually have success when you do one big thing; it’s usually when you do 100 little things that you’re more successful.

Making videos for YouTube

Millions of people view videos every day on YouTube. To market your business, consider putting together your own free YouTube channel.

Make the videos compelling and interesting where possible. To do so, comment on a hot topic that is popular or controversial (just be careful because you don’t want to upset any potential prospects or business partners with your comments). Doing so can help build the viewership (your audience, ideally your prospects). Make sure your video is accompanied by a description. In that description, you have the opportunity to include some sales copy marketing to encourage viewers to click on the available link you added.

That link, of course, sends them to your website, blog, affiliate link, landing page, or whatever you’re offering. Find out more about how you can include YouTube in your marketing by visiting the YouTube website.

Looking at low-cost marketing with Fiverr

Fiverr can be good for either making some money or getting some services done on the cheap (usually only five bucks). However, one of its greatest strengths is as a low-cost marketing tool. Fiverr is considered the leading micro-tasking (minor or small services performed for small amounts of money) website. Here you can find lots of buyers and sellers of small or minor tasks that may be profitable for you.

If you need to get a group of people to very quickly notice you or what you’re currently offering, then consider Fiverr. On the site, you see gigs (the word that the site uses for offerings of products and services) where the seller is offering services such as “I will tweet what you offer to my 5,000 Twitter followers,” “I will get 2,000 people to view your YouTube video,” or “I will get my 3,000 contacts on Facebook to view your fan page.”

Tapping into the power of Twitter

Twitter is free to sign up and free to use. Twitter is a form of instant micro blogging where people get short, succinct messages (usually a 140-character limit, called tweets) for all sorts of news, opinions, and alerts. Some of these messages are uninteresting or literally meaningless, whereas others can be significant and effective. In any case, you can use Twitter as an opportunity to alert people to new products or services, promotions, interesting posts, and new business developments.

You can build your Twitter following with messages that are compelling and interesting. In due course, the messages can make a pitch for a product or service made available through your website, blog, or other venue.

If you don’t have a Twitter following to market to, you can get involved in a joint venture with someone who does have a significant Twitter following and (more importantly) someone who has a following that is part of your target market.

Go to Twitter to find people, companies, and other organizations that are your target market or that reach your target market indirectly (joint marketing).

Teaching a class to expand your marketing efforts

Adult education is a superb way to market your business. You give attendees a few hours of your wonderful knowledge and information. You can teach a class, and many adult education places typically pay you for your time as an instructor. In addition, you’re there in a room filled with qualified prospects, which is also a great opportunity to let them know what you offer. Contact your local board of education or community college for opportunities.