Is it time you took your financial independence into your own hands and started a side hustle? But which business models are going to make great side hustles for introverts?

Which Business Models Make Great Side Hustles For Introverts. 

 

In my early years in business, I never gave much thought to business models or how I would deliver my services. I just decided “right, I’m going to do this now.” And I dove straight in with heart and soul.

This approach worked for me in many ways. I experienced success in my businesses because I was full of passion for what I was doing, and I gave it 100% of myself.

Unfortunately, it also resulted in burn out because I was scattered, had no boundaries and just went hard all the time. Like so many new entrepreneurs, I started from scratch, with little budget and not much experience. That means I wore every hat. I was the CEO, and I was the creative department, I was the head of marketing, I was the customer service personnel, the receptionist and the bookkeeper. And I’m confident that you are or will be all of these things too. It’s a huge learning curve.

Starting your business is one of the most exciting times of your life. You learn so much, and your personal growth is exponential simply because you have to push yourself so hard to launch and then build your baby.
I love this time so much!
What I don’t love is what comes after. The exhaustion, both physical and mental. The discouragement when growth takes longer than you planned. The separation from your friends and family as work takes over your whole life. The eventual self-doubt and overwhelm, and if you’re not careful, the burnout.
The first step to building a sustainable business is knowing yourself and being honest with yourself.
Introversion comes in many different forms. While it’s true we all share some common traits; we also are all unique.
Think of introversion and extroversion as a continuous line. On one end is the highly introverted individual and at the other end is the complete extrovert. We each will sit somewhere different along that line. Maybe you’re right at the end of the introverted line, and the thought of talking to more than one person a day is overwhelming. Or perhaps you like to speak with people throughout the day but need to come home and be in silence to replenish your energy. Maybe you fall somewhere in the middle, enjoying extroverted activities with lots of people, for extended periods, but need time alone to recover and replenish your energy.
So when starting your business, you need to consider your introversion. The idea here is to build an online business that you will be able to show up for every single day and be on top of your game.

Let’s break down three of the most common online business models that make great side hustles for introverts

The Set and Forget Business Model

This business model is an ideal side hustle option for the introvert who needs a lot of downtime. If you’re not into talking to people a lot, this option is worth considering. This model is best suited to selling products because you set up the systems, create your product, devise your marketing strategy and then let the magic happen.
So what sort of products would you sell in the set and forget business model?
  • eBooks
  • Self- Paced Courses
  • Drop-Shipping
  • Creative Products

The One to One Business Model

This business model is popular amongst online coaches, and you will usually find it sitting alongside the one to many model which we will discuss next.

What sort of products or services would you offer in the one-to-one model?

  • Coaching
  • Mentoring
  • Virtual Assistant
  • Consultancy Services

 

Want to learn more about starting an online business? Check out my new course on Udemy. I created it for introverts like you who want to take charge of their own financial freedom and create a business that gives them the freedom they crave.

The One to Many Business Model

 

What products or services would you sell in the one too many business model?

With this model, you have many different options and a lot of freedom in how you deliver your services or products.

Let’s get an idea of two of the most popular choices.

Group Coaching.

Online group coaching is so hot right now! They’re an incredibly profitable way of doing business if you get your systems right from the beginning. Group coaching has many benefits: The content is repeatable. You spend much time preparing your content for the first event but afterwards, you can tweak it, adding more, removing what didn’t work, refining your delivery and then keep reselling the experience.

You can encourage your participants to present within the group, thereby having content created for you that enriches everyone’s experience.

You can facilitate beautiful connections between your group members.

You have control over how long your coaching events are so you can structure your life as you wish. You can show up for a few hours every week but still, make a satisfying income. They’re a great platform to show your expertise and a way to encourage people to sign up for your one on one coaching if you wish to add that into your business offering.

It’s a fantastic way to create connection, open communication and community that comes from not just you interacting with your clients but group members interacting with each other.

Masterminds.

Masterminds are brilliant because they work as a group coaching collective. You’re the facilitator who encourages everyone to share their expertise within the group. So while you’re setting the agenda for training topics, everyone is contributing in their own way to the conversation. I love this type of group coaching because everyone receives knowledge, even you. Masterminds are not as repeatable as regular group coaching as the content delivered depends a lot on the people within the mastermind. But this does keep your work continually evolving, and always fresh and exciting.

 

This post is an excerpt from my new online course The Introverts Guide To Starting An Online Business 

If you’re interested in learning more about side hustles for introverts, check it out.