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Importance of effective marketing for solopreneurs
What exactly is a solopreneur? A portmanteau of “solo entrepreneur,” a solopreneur is a one-person innovative business operation.
It overlaps with the term “freelancer,” but while the freelancer usually offers their services working as a temporary employee for a company, the solopreneur has a stronger business structure and is responsible for it’s every aspect, including pricing, invoices, accounting, and marketing. Their clients can be businesses of all sizes or consumers.
While most solopreneurs work alone, some hire helpers for some part of their job, like customer scheduling or paperwork. That’s the main difference between solopreneurs and entrepreneurs: the latter will hire people as soon as possible to scale the business, while the former will try to postpone hiring forever, if possible.
As with any business, the solopreneur needs clients to keep operating. With fewer resources, the solopreneur must be smart in its marketing tactics to find the right customers.
Solopreneurs are the most underserved — and the most powerful — segment of the modern economy. Solopreneurs and freelancers are building real value every day, but they’re forced to hack together tools built for either consumers or big companies.
A big company can have some slack in its marketing efforts. Strategies like “spray and pray” or “true multichannel” are great with a big budget, but aren’t possible for solopreneurs.
A small or one-person team must always aim for a high return on investment (ROI) with a small investment, so it’s best to know what business strategies to invest in from the beginning.