African woman who is a business owner

What kind of business is right for you? It’s easy to feel overwhelmed by the endless possibilities when you’re thinking about entrepreneurship. But what if I told you there are really just three core business models that almost every successful venture falls into?

This post isn’t about telling you what to do. It’s about helping you understand these three paths so you can choose the one that truly fits your goals, your skills, and how you want to work. By the end, you’ll have a much clearer picture of where to begin your entrepreneurial journey.

1. The Quickest Path to Cash: Selling Your Services

If you’re looking to start making money relatively quickly, selling a service is often your best bet. 

Think of it as freelancing: you’re exchanging your time, skills, and expertise for money. The barrier to entry here is incredibly low – often, all you need is a laptop, Wi-Fi, and a willingness to learn.

Who is This For?

This model is ideal if you:

 * Need to generate income quickly.

 * Already have a valuable skill or experience. Maybe you’re a corporate project manager, a designer, a copywriter, or have a specific certification. Great! You can build directly on that.

 * Don’t have specific skills yet, but are eager to learn. This is perfectly normal! Many successful freelancers started with no prior experience. You can offer your time as an “extra set of hands” for simple tasks like virtual assistance, data entry, transcription, or basic social media management. Business owners are often just looking for someone reliable to help with their workload.

 * Are willing to dedicate even a short time (a week or two) to learning an entry-level skill. With free resources like Google or YouTube and AI tools like ChatGPT or Claude, learning is more accessible than ever. The more you learn, the bigger the problems you can solve, and the more money you’ll make in the long run.

What Kind of Services Can You Offer?

The possibilities are vast! Here are just a few ideas based on different interests:

 * Teaching & Coaching: Online tutoring, test prep, wellness coaching, music instruction, art classes.

 * Writing & Words: Content writing, copywriting, scriptwriting, proofreading, editing, translation, transcription.

 * Design & Creativity: Graphic design, web design, photography, videography, video editing, podcast editing, voiceover acting.

 * Tech: Web development (front-end, back-end), mobile app development, UI/UX design.

 * Numbers & Data: Bookkeeping, accounting, data analysis, ads management.

 * Organization & Planning: Project management, event planning, digital business management.

 * Support & Admin: Virtual assistant, customer service, community management.

 * Sales & Marketing: Social media management, SEO specialist, email marketing.

Getting Started: Your First “Tiny Tasks”

 * Learn Your Skill: Dedicate time, even just 30 minutes a day, to learning. Focus on practical applications.

 * Create Practice Projects: Offer to do a small project for a real business or content creator for free. This builds your portfolio and can lead to paying clients.

 * Build a Simple Portfolio: Include an “I Help” statement (e.g., “I build custom plugins that add website functionality without slowing it down”), work examples, testimonials, and starting prices.

 * Find Clients: Network in person and online, pitch businesses via social media or email, or apply to jobs on freelancing platforms. Aim to reach out to at least five potential clients every week!

If you build up a strong client base and gain managerial experience, you can even scale this into an agency where you hire a team to deliver services.

2. Build & Sell: The Product Path to Scalable Income

If you’re okay with investing more time, effort, and potentially money upfront, creating and selling a product can be incredibly rewarding. Products can be either digital or physical.

Digital Products

These are typically knowledge-based, meaning you package your skills or expertise into a sellable format.

 * Examples: Online courses, workshops, ebooks, templates, digital events, paid newsletters, software-as-a-service (SaaS) tools, or paid memberships.

 * Considerations: Do you want to sell a one-time product or an ongoing subscription? If you don’t have a specific skill or knowledge to sell yet, you might consider freelancing first to develop one.

Physical Products

These involve creating or sourcing tangible goods.

 * Key Question: Are you willing to handle inventory and shipping logistics?

   * No? Explore non-inventory models like Amazon FBA (Fulfillment by Amazon), dropshipping (where a third party ships directly to your customer), or print-on-demand (where items are only printed and shipped when ordered). This minimizes upfront investment and storage headaches.

   * Yes? Do you want to make the goods yourself (e.g., handcrafted items for Etsy or Shopify) or find a supplier? If you’re sourcing, you’ll need capital to invest in inventory. You can either sell existing brands (wholesale/retail arbitrage) or create your own private label brand (like your own clothing line).

Getting Started: Your First “Tiny Tasks” for Products

 * Identify a Pain Point: Talk to people, research on social media – what problems can you solve with your product? 

 * Validate Demand: Before you build, confirm people would actually pay for your solution. A simple landing page with a waitlist is a great way to test interest.

 * Create a Basic Version (MVP): Get a minimum viable product out there quickly.

 * Run a Beta Round: Offer your product to an initial group, gather feedback, get reviews, and use that to refine your offering.

3. Be the Brand: Building Your Influence and Community

This is perhaps the newest and often the longest-term business model, focusing on building a personal brand and becoming a content creator or influencer. This looks like being a YouTuber, podcaster, Instagrammer, TikToker, or professional writer.

Who is This For?

This path is best if you:

 * Are okay with putting yourself out on the internet. Your face and name might become central to your business. If not, consider faceless content creation (e.g., tech reviews without showing your face, explainer videos, or video essays) or freelancing for existing content creators.

 * Have significant time (6 months to 1-2 years, or more) to invest consistently with little to no initial revenue. This is the part nobody talks about – building an audience and monetizing it takes time and persistence.

 * Are committed to “studying” content creation. Don’t just consume content; analyze why certain videos or posts work, what the hooks are, and how you can adapt strategies to your own niche.

What Kind of Content Can You Create?

Your preferred medium will guide your content type:

 * On Camera/Video: If you love being on screen, video is your medium. Choose between live streaming (Twitch, TikTok Live) or pre-recorded videos (short-form like TikTok/Reels or long-form like YouTube).

 * Voice/Audio: If you enjoy talking and recording your voice, podcasting could be a great fit.

 * Writing: If you love words, you can be a micro-blogger (X/Threads/LinkedIn) or a long-form blogger/newsletter writer (Substack, Medium).

Don’t feel pressured to pick “one thing” forever from the start. Experimenting with different topics and formats can help you discover what you enjoy most and what resonates with your audience. Clarity comes from taking action, not endless planning!

Getting Started: Your First “Tiny Tasks” for Content Creation

 * Choose a Niche: What are you curious about? Is there a gap in the market for this type of content?

 * Focus on One Platform: Master one platform that aligns with your chosen content type before trying to expand everywhere.

 * Study Trends: Look at what’s working for others and adapt it to your unique style and niche.

 * Start with What You Have: Your phone is often all you need to begin creating high-quality content.

 * Create Time to Learn: Dedicate time to understanding the nuances of content creation.

 * Post Consistently: Aim for at least once a week. Every post gives you valuable data and feedback. 

The Universal Truths of Building Any Business

No matter which path you choose, remember these core principles:

 * Forget “Get Rich Quick Methods”: This mindset often leads to poor, long term results. True success comes from building solid roots and foundations.

 * Invest in Your Biggest Asset: YOU! Your skills, your knowledge, and your persistence are your most valuable resources.

 * Stick With It: Businesses take time to grow. Don’t give up too soon.

 * Clarity Comes from Action: You’ll learn more by doing than by endless planning. Even the “wrong” decision gives you data to make better ones later. The only truly bad decision is no decision at all.

Now that you understand the three main business models, which one sparks your interest the most? Think about your current situation, your preferences, and what you’re willing to commit to. Then, pick one and start with those “tiny tasks” today. 

Leave a comment