As a freelance copywriter, I’d always been excited by the thought of starting an online business.
What could be better than having total control over your schedule, freedom to do the work you’re most passionate about, and the potential to make money while you sleep?
But becoming a digital entrepreneur also sounded daunting to me — at least in the beginning.
Since I was working as a freelancer, I had little free time, no access to venture capital, and essentially zero business experience.
While I wasn’t about to let those constraints stop me, they did force me to take some unconventional approaches when building my digital commerce business.
In this post, I’m going to share six powerful lessons I learned along the way to help other freelancers do the same.
1. You don’t need to think up an idea
The biggest challenge most people have when starting an online business is: “I don’t have an idea!”
But freelancers are immune to this dilemma because they already have one or more skill sets that others would love to learn.
For example, as a freelance copywriter, one of my skills is finding clients. So, I cooked up an online course that helps freelancers do that.
You don’t need to be a world-class expert to:
There are no requirements based on how many years you’ve been working, a minimum number of conferences you’ve spoken at, or special degrees you need to hold.
No matter what level of success you’ve achieved in your freelancing business, there’s a good chance you can get paid to show others how it’s done.
2. You don’t need a sophisticated product
Investing lots of time and/or money into making your first product look polished is usually a mistake.
Instead, create a minimum viable version of your product. Make it awesome by filling it with all of the unexpected knowledge you’ve picked up during your freelancing career.
That’s what I did with my course. Its first version consisted of multiple videos embedded on a web page.
And by videos, I don’t mean studio-quality productions — or even me standing in front of a camera “performing.”
If you watch one, you’ll hear me reading from a script I wrote while you view PowerPoint slides on the screen. (I used Camtasia, a $100 screen-recording app, to create the videos.)
Even today, after more than $160,000 in revenue, the course looks pretty much the same.
People go bonkers over it — not because of its production value, but because I put my time and effort into making the content amazing. Here’s a snippet of a testimonial I recently received despite its bare-bones appearance:
This is the best course I’ve ever purchased — I will buy anything you create!
3. You don’t need a high-traffic blog
Being a freelance copywriter, I’ve run into many clients who hope that carefully optimizing their blog posts will someday flood their sites with visitors.
There’s another, often faster, way: Guest blogging.
For years I’ve encouraged my clients to drive traffic to their blogs using this simple strategy, but I never realized its true power until I tried it for my own digital commerce business.
The first guest post I ever wrote (on Copy Hackers) generated more than 300 email subscribers for me — in just a few hours!
What’s even more amazing is that the same post continues to bring visitors to my site each week, more than one year later. And I’ve written many other guest posts that do the same.
My favorite thing about guest posting is that it’s so accessible. Most blogs that accept guest posts even have dedicated pages that tell you exactly how to submit one.
As a freelancer, you’ll find it especially easy to land guest blogging gigs since you’re basically offering your services free of charge!
Guest blogging works so well that I continue to use it as my main source of traffic to this day.
4. You don’t need a big email list
Most freelancers don’t have thousands of email subscribers they can promote a new product to.
That’s okay — you can start with a small list instead.
Remember those 300 email subscribers I got from guest blogging on Copy Hackers? That was my entire email list when I first launched my course!
Each subscriber received a five-part autoresponder sequence that gave them valuable information and pitched my course.
Twelve of them purchased, giving me a nice four percent conversion rate on that small initial list.
As I continued to guest post on other blogs, the process repeated itself, generating thousands of dollars in revenue in just the first few months after launching.
5. You don’t need tons of content
As a trained copywriter, my instinct is to write — always.
But as a busy freelancer and family man, months have passed between writing posts for my own blog.
According to conventional wisdom, my scant blogging schedule should hurt my chances of building trust with readers, getting email subscribers, and even making sales. But it hasn’t.
The trick is to focus on creating great content your readers love. Quantity is far less important than quality.
Here are some numbers that prove it:
- My course brought in more than $10,000 in sales with just one post on my blog.
- More than $60,000 in sales came while having just two posts on my site.
- To date, I’ve collected more than $160,000 in sales — and grown my email list to more than 10,000 subscribers — with just seven blog posts total on my site.
What about SEO?
Contrary to conventional wisdom — which says you need to publish new content frequently in order to get organic search traffic — my small site ranks well in search engines for several high-quality keywords, including:
- How to make money on Upwork
- How to become a copywriter
- Upwork proposal
While I don’t necessarily recommend you follow the same form of extreme blogging minimalism that I did, I hope I’ve convinced you to focus on quality over quantity.
If you truly help your readers, you’ll be rewarded with more raving fans than you know what to do with — while still having plenty of time left over to serve your clients.
6. Failure is good
To freelancers, failure is a dirty word. Clients don’t pay us to fail. As a result, we’re programmed to avoid it at all costs.
But as a digital entrepreneur, you need to check this mindset at the door. Why? Because …
- You’re going to fail many times, whether you like it or not.
- Failure is a key part of the learning process — it’s how you figure out what works in your business and what doesn’t.
For example, what’s the best time to send emails to your list? You probably won’t guess correctly on your first try.
Digital entrepreneurship is filled with questions like this — questions that can only be answered by getting your nose a little bloody at times.
It’s okay to fear failure in your freelancing business, but in your digital commerce business, you need to embrace it.
One last thing …
Please don’t think you need to make the transition from freelancer to digital entrepreneur all by yourself. There are people here to support you.
Why reinvent the wheel when you can learn from others who’ve already succeeded?
I’d recommend starting with a free membership to Digital Commerce Institute.
Here is what you’ll get instant access to with your free registration:
- 4 free lessons from the paid course “Build Your Online Training Business the Smarter Way”
- 3 free lessons from the paid course “How to Create Automated Marketing Funnels that Work”
- 2 Case Study webinars on building a digital business
- 1 “Cutting Edge” webinar on using Periscope for content marketing
- Plus, one new episode every week of The Digital Entrepreneur — the new podcast hosted by Brian Clark and Jerod Morris about building a business around digital products and services
In addition, you’ll get valuable “how to” articles and case studies of successful digital entrepreneurs. All you have to do is click here, enter your first name and email address, and you’ll have instant access to your free Digital Commerce Institute membership.
Reader Comments (33)
Patrick says
So true Danny. Amazing insights. Thanks for article.
Danny Margulies says
You’re welcome, glad you enjoyed it!
Venkatesh Khajjidoni says
Hi Danny,
You’re rocking! I know your great success on Upwork. As newbie freelancer writer, I thought Upwork isn’t for getting high paying clients. But after reading articles on your site and Upwork hacks you’re sending through email, now I knew there is a lot of quality clients out there. Thanks for the amazing information!
Hearty congratulations to the one of the best sites on the blogosphere. For seasoned freelancers like you, I think It may be easy to turn into a digital entrepreneur by using excellent resources in DCI.
Anyway, thanks for an awesome post.
Janice says
Hi Danny – Wow, I think you were speaking directly to me on this post, because I’m in the midst of making that transition for freelancer-for-hire to a digital entrepreneur right now. I especially like how you reminded me that I don’t need to be a “world-class expert” to create awesome content, and everything else that supposedly goes with it. Thanks for the encouragement!
Danny Margulies says
That’s a great takeaway. I like to think of the first time I hired a personal fitness trainer…what I mainly cared about was that he knew more than I did.
Danny Margulies says
Yup it’s true, if you look around there really are lots of great clients…and resources like DCI that make it much easier to become a digital entrepreneur!
Nathan Reiche says
Thanks so much for the article! I really struggle creating a lot of quantity so it’s great to know that if one focusses on quality, you can still have great success without the stress of pumping out blogs every waking hour! Thanks again.
Danny Margulies says
Definitely. Creating content also gets easier the more you do it. I write down every idea in a Google Doc and then I always have a list of things to write about. So you can try that as well.
Miranda says
I love the simplicity of this article. Thanks!
Danny Margulies says
Simplicity is the name of the game when you’re just starting out — I’m really happy to hear that part resonated with you.
Melissa Zehner says
This article comes at the perfect time: I am in the process of transitioning from freelance writer to writing agency owner, and there’s just so much to think about. My main concern has been that I don’t have a lot of work published under my own byline, although I have done ample successful ghostwriting over the past few years. You saying that I don’t need tons of traffic or subscribers to get started makes this all feel more achievable. Thanks for all the insight!
Danny Margulies says
Absolutely. It’s crawl, walk, then run. So for now just focus on whatever step is closest to you and build from there.
Marcia Yudkin says
Ironically, my own business breakthroughs took place when I realized that when I was a freelancer I was also a business owner and took steps to run my freelancing like a business. This involved a major shift in thinking that took several years.
The dichotomy between freelancer and entrepreneur is a false and misleading one, in my opinion.
Danny Margulies says
Great point. For most of us starting an online business, we’re not looking to create a large enterprise — it has more in common with freelancing than, say, building a Fortune 500 company!
Deepak Jha says
Hey Danny, Thanks for the post, Even I am going from the same phase. I am a Freelancer from last 4 years and now moving to build my own online business. Your advice will definitely help me in this move.
Danny Margulies says
Congrats on getting started, I’m excited for you!
Deena says
Danny: Congrats! You rocked it again. All the best to you, and thank you for inspiring and encouraging me.
Deena
Danny Margulies says
Thank you too, great hearing from you!
A. Dorko says
Very interesting take, Danny. Thank you for sharing this post.
Danny Margulies says
You’re welcome, thanks for checking in and letting me know you liked it. 🙂
Thais says
Best article I’ve ever read. Thank you for sharing it.
Lakhyajyoti says
Another informative post. As a freelancer I learn lot from the post. I’ll try to implement all these things within a very short period of time.
Arigas says
interesting article, thank you
Jelle says
Thanks for an insightful article Danny. Regarding number 5), what is your advice for leveraging low-quantity content? E.g. I imagine you are repurposing/redistributing those 7 posts to get more mileage out of them, instead of just hitting publish (and sharing/tweeting) once? Curious about your strategy here. Thanks
Danny Margulies says
I try to link to them (and get others to link to them whenever possible). But that’s about it.
Jerry O'Neill says
Great post Danny! Tell me though, which platform should I focus on when publishing my e-book: Amazon or Barnes & Noble?
Danny Margulies says
Thanks — this isn’t something I’m familiar with.
Kaycee says
I do spend a lot of time in creating quality content. Its good to know that it will pay of
Sukanta Das says
Valuable Tips to start as an Entrepreneur & I have also got tips related to Guest blogging which is really difficult to tackle. Your tips shows me a another direction. I will try in that way.
Thanks Danny!
Robert says
Thank you for posting this! I think many entrepreneurs get bogged down in what they think they need to be successful right out of the gate. It’s refreshing to see a great list that debunks a lot of the “old wisdom”.
Ravi chouhan says
Hey Danny great article based on your personal experience, i am also a freelancer since last couple of years and i also had lot of free time in a day and after reading this post i am also looking for start my very own online business.
Jeffrey Atherton says
Thanks for the inspiring post Danny. Just yesterday I listened to the Digital Entrepreneur podcast on which you were featured and then I find this post quite by accident (maybe a sign) ;-).
I hear a lot and digital mentors urging us to go for it. Put our “thing” out there. It doesn’t have to be perfect. As long as we know something more than someone else, we are an expert to them.
One of my biggest huddles, however, is the thought that if something is already out there, and better, what’s the point of putting out an inferior version of the same concept.
I am a WordPress developer and digital marketer. It seems like the web is GLUTTED with How-To’s and Done-For-You’s, to the point where it just seems like it’s all already available. What do I have to add that’s better than the fabulous stuff already out there?
So, those are my “thought demons”. And in spite of them, I press on, but I sure would love to dialogue about it.
Thanks again for the inspiring post and triggering my rant.
Danny Margulies says
You need to position yourself in a way that helps you stand out. For example a personal trainer might specialize in helping busy moms…he might not be the best trainer out there but that positioning will help him get noticed by the people who matter.
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