Are you looking for an alternative way to make money that does not involve working a 9 to 5? In recent years becoming an entrepreneur has exploded in popularity. This has led many to research how to become an entrepreneur at 18.
Many of us graduate high school at 18 and look at our future options. We are often told that college is the only option for a secure future. However, this is not the truth. Sure becoming an entrepreneur comes with increased risk but it also comes with an increased reward.
This reward might come in the form of your business generating thousands of dollars of one hundred percent passive income.
If you are looking to become an entrepreneur as an 18-year-old you need to find out what you are good at. Picking a side hustle, or business idea that complements your skills is necessary to improve your chances at success. Additionally, setting business goals and creating a detailed schedule is also needed for those looking to become an entrepreneur at 18.
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9 Tips To Help You Become An Entrepreneur At 18
1. Find Out What You Are Good At
Most people have that one topic or subject that they are very passionate about. Maybe you know a ton of information about different beauty products. You could then start a business in the beauty niche by creating a website and promote your business for free using social media.
Most 18-year-olds prefer to use one social media app over others. This is the social media that you should promote your business on.
Say, for example, you spend most of your time using Instagram. You most likely are very knowledgeable when it comes to using this platform. You would not need to spend any time learning how to use a new type of social media and instead put all your efforts into scaling up your business.
Entrepreneurs that utilize skills that they already possess have an easier time when starting a business.
Think about it this way; would you want to start something with zero skills and knowledge, or start something with some skills and knowledge. Most of us would want to start with some skills and knowledge.
This is especially true for entrepreneurs at 18. Find out what you are good at and start a business where you can use those skills.
2. Pick a Side Hustle
Becoming an entrepreneur at 18 can seem difficult and complex when first starting. However, this is not the case, especially if you start your business as a side hustle first.
By starting a side hustle, you can still go to school or work full time and continue to grow your business. Typically entrepreneurs who start a side hustle spend a few additional hours each day growing their business after they finish up going to school or working a 9 to 5.
For example, say you got off work and are home by 6 pm. From 6 pm to 9 pm you can work on your side hustle and continue to scale it to a point where it becomes your main hustle.
The Best Side Hustle for 18-Year-Olds
A side hustle that I recommend to every 18-year-old looking to become an entrepreneur is niche blogging. You can blog about literally anything that interests you and make money doing so!
Blogging is a great side hustle because of the low start-up costs. Using Bluehost, starting a blog costs less than a cup of coffee each month.
I believe I spent around $60 for an entire year’s worth of web hosting to create my first ever blog. That blog now earns around $1000 a week just from affiliate sales!
Most 18-year-olds don’t have a ton of money to invest right off the bat. This is why starting a niche blog is the perfect side hustle. It’s a side hustle that can easily turn into your main hustle for those dedicated enough to try. Just imagine earning $4000 or more each month for simply starting a blog part-time.
Many bloggers scale their small blogs to full-time businesses that earn a six-figure income every year.
3. Set Business Goals
Every 18-year-old entrepreneur needs to set business goals that they work towards. These goals are going to be put in place so you can see how well your business is performing and what you could improve upon.
Perhaps one of your goals was to hit 1000 followers on Instagram by the end of the year. This is something to work towards for the next however many months, and if the time comes and you don’t have 1000 followers, you know you need to reevaluate what you are doing.
Setting business goals will give you an idea of where you should be in your entrepreneurial journey. No one wants to put a ton of time into their business and not see any progress. Your goals will act as a warning sign and tell you if you need to switch things up a bit.
4. Continue Learning
Entrepreneurs are constantly learning new things. Maybe it’s a new form of marketing or a new business idea. As an 18-year-old entrepreneur, you probably graduated high school and may or may not be going to college. Whatever your situation is, you must continue learning new skills, or ideas that you can use to grow your business.
Feel free to check out this list of the best high-income skills that you can learn without a college education.
- 11 Easy Ways to Make Money in High School
- 9 Best Ways to Start a Business at 20
- How to Make Money as a College Student
- 8 Best Ways To Start a Business at 14
- How to Become an Entrepreneur at 19
5. Build Your Team
Every entrepreneur needs to build a team of people that all benefit the business in different ways.
Of course, if you are just starting, you might be running your business by yourself and most likely do not have the funds to outsource work and hire a team of people.
But every business comes to the point where outsourcing various jobs is necessary. After all, as an 18-year-old entrepreneur, you only have a limited amount of time each day to spend on your business.
You might want to become an entrepreneur at 18 but don’t want to worry about hiring a team of people. Picking a business model where you can do everything by yourself is something to consider.
Starting a blog, or dropshipping business are both great businesses that you can start and run one hundred percent by yourself.
6. Understand Your Target Audience
Understanding your target audience is one of the most important parts of becoming an entrepreneur. Every business has some sort of target audience, no matter how big or small.
You will mainly want to advertise and promote your products or services to your target audience. They are going to be the ones most interested in your business and what you have to offer.
Spending time and resources advertising to people who are not interested in your business would be a waste of time. This is why figuring out and understanding your target audience, is necessary and something every 18-year-old entrepreneur should do.
This tip is pretty straightforward. Consistency is needed to grow any business. Many young entrepreneurs give up to early and never see success because they never believed in themselves.
If you want to become an entrepreneur, it’s important to know that it will take time, effort, and consistency to succeed. If becoming an entrepreneur was so easy, everyone would do it.
8. Create a Detailed Schedule
Many people in the business space talk bad about 9 to 5 jobs and praise entrepreneurship. Becoming an entrepreneur is a great thing and gives you a level of freedom that you might never have had with a 9 to 5. This being said, a 9 to 5 job gives you a structured schedule that you need to workaround.
A detailed schedule will keep you on task and is something every entrepreneur needs. Especially those looking to create a highly successful business. There are only 24 hours in the day and you need to take advantage of as many of them as possible.
9. Use Social Media
Social media is literally free marketing. Social media platforms like Instagram, TikTok, and Pinterest all have millions of daily users. These are all potential customers if you play your cards right.
TikTok on the other hand is a video-sharing social media platform that businesses have been taking advantage of. It is a popular social media platform with highly engaged viewers. Small businesses have been able to get a substantial amount of traffic and customers from TikTok.
Becoming an entrepreneur at 18 does not require any sort of formal education. Anyone can start as long as they are willing to put in the work. It takes time, effort, and dedication to start a successful business at 18.
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