How to Build a SIMPLE Online Business (in your spare time)

Hey Dadpreners,

I've changed the name of my newsletter from Life Currencies to Simple Online Business. I will still talk about the 4 Life Currencies (time, energy, relationships, money) but primarily focused on how to do that as a Dadpreneur running a Simple Online Business.

I have been working through how I run my online business as a homeschool dad and wanted to share the results with you today.

For me, I have to keep things SIMPLE. I often overcomplicate my business with lots of fancy ideas, marketing tricks, shiney objects etc. but during my reflection of 2023 I mapped out what was working. What I found changed the way I saw my business and brought tremendous clarity.

I shared with several other people who run online businesses and it helped them as well.

I figured I'd share it with you too.

I call it the SIMPLE Online Business Model.

S - S?e?l?e?c?t? ????????? ??????????????????: Choose a specific area of expertise to focus on.

I - I?n?v?e?s?t?i?g?a?t?e? ????????? ?????????? ??????????: Engage in daily activities to deepen your understanding and knowledge.

M - M?a?r?k?e?t? ????????? Learning: Share on LinkedIn something you learned.

P - ?????????????? ??????????????????: Create a bundle of knowledge as a lead magnet.

L - Leverage Your Email L?i?s?t?: Send your email subscribers in-depth explorations or analyses of your weekly learnings.

E - E?d?u?c?a?t?e? ??????????????? Products: Offer books, services, or courses that walk through your framework, simplifying the topic for your audience.

That is what I do successfully in my company, IA Path , and that is what I plan to do now with Dadpreneurs with Simple Online Business. I want to practice this in public and share what I'm doing and have learned in the past 7 years, and what I continue to learn about running a SIMPLE online business.

I plan to help Dadpreneurs learn how to build SIMPLE Online Businesses.

As dads we are so torn between providing for our family and being there FOR our family.

I believe we can do both, but if you aren't careful your online business will take over your life.

The SIMPLE Online Business Model gives you a way to understand exactly what you need to do and to not get OVERWHELMED by what you COULD do.

YES, there are more things to running an online business, but they all fit INSIDE of each of these fundamental steps.

You can make an online business as complicated as you want. Like math, there is addition, subtraction, multiplication, division and with those you can do infinetely complicated problems.

Same with an online business.

These foundational building blocks of the SIMPLE Online Business Model give you the foundation to get started.

If this is something that interests you and you are excited by the idea of learning how to build a SIMPLE Online Business, I hope you'll stick around for our weekly deep dives.

I can't wait to share the principles I've learned over the past 7 years.

I hope you'll take this journey with me on this newsletter.

Your fellow Dadpreneur,

Chris Stanley