Do you daydream about working from the beach? Never sitting in a cubicle again? What about being your own boss? Those dreams are closer to reality than you might think.
Independent workers—whether they’re freelancers, contractors or solopreneurs—are on the rise. The number of people who work for themselves grew 14% from 2001 to 2012, and today 14.6 million people are self-employed in the U.S. That’s 10% of the national workforce. And fortunately for those who eschew the traditional 9 to 5, there’s never been a better time to be self-employed.
The idea of working for yourself certainly isn’t a new one, so why is the moment particularly ripe to make the move into self-employment?
In the US alone, there are over 28 million small businesses. Of those, an estimated 22 million consist of a single operating member—solopreneurs as I like to call them.
Many of these businesses got started as nothing more than the intersection of passion and skills that combined to create a side project with the ability to scale into something truly sustainable.
As someone who’s successfully launched four profitable side businesses over the past four years, I’ve learned a lot about how to turn your skills into a healthy side income. From building physical products to selling my consultative services, and building my own suite of digital products, I’ve been able to generate thousands in extra income each month.
If you’re ready to build a foundation for one day becoming gainfully self-employed, here are my top eight ways to get started with a profitable side business today.