How To Make Money From What You Know

Perhaps you have asked yourself these questions:

How can I get extra income? What are other people doing that I’m not?  Should I take more jobs?

Taking more jobs seems like an obvious option. However, you can only take on so much before you reach your limit. 

How then can you earn more without sacrificing all your time or juggling so many things all at once? Are there other avenues you can look at? Are you missing something?

Instead of looking externally, consider looking at what you already have.  Like your skillset, for example. What is your most valuable skill? Can you make an income out of it? 

The answer is, you probably can. But the question then becomes, how?

“The world does not pay for what a person knows. But it pays for what a person does with what he knows.” – Lawrence Lee

In a Forbes article, studies show that in over 28 million small businesses, an estimated 22 million comprises a single operating member or solopreneurs. 

And many of these businesses got started with nothing more than passion and skills to scale into something truly profitable.

HERE IS HOW YOU CAN PROFIT FROM YOUR PASSION:

People have talents that are so natural. They don’t realize it’s a skill. Here are questions you can ask yourself to help you identify your talents and abilities. 

• What are my strengths? 
• What do I read most about?
• What kinds of activities am I interested in?
• What do people ask me to teach them?
• What do I love talking about the most? 
• What have I been paid for in the past?

Online skills that can be profitable

Programming and Coding. Having technical knowledge of coding and programming is highly valuable in this digital age. In 2020, businesses are expanding using websites and apps, and so there is a higher demand for programmers and app developers. 

Writing. Writing is a highly valued and portable skill. Businesses are continually looking to hire someone for creating website articles, research documents, summaries, and presentations. 

Graphic Design. Graphic design can help you make a profitable full-time career. You can design graphics for presentations, infographics, and graphics for websites. 

Social Media Managing. If you can easily manage several of your social media accounts, you can turn this into a career by managing someone else’s social media account or a business’s social media account.  Many small to medium-sized businesses are not social media savvy. 

Do you have any of the skills mentioned above? If you do, then great for you as these skills are very in-demand online and offline. 

However, if you don’t yet have these skills, yet you’re interested to learn, do the next step discussed below. 

Upgrade your skills for scalability once you have identified your talents and skills. Josh Spector, in his article, Want To Make Money From Your Expertise? Start Here. wrote, “The more clear you are about your expertise, its value, and who it benefits, the easier it becomes to monetize it.” 

Knowing the value of your skills can help you understand who will benefit from it. This will help you focus on the relevant groups or communities you can join to scale-out. 

Here is a simple guide on how you can scale-out: 

1. Upgrading your skills. There are free online programs and courses online that can enhance your knowledge.
2. Creating an online portfolio where you can showcase your knowledge and expertise can help you create a network with companies and businesses that can, later on, turn into employers/clients.
3. Follow or join communities on social media sites about the talent or skills you have.

Social Media sites like Facebook, Instagram, Twitter, and LinkedIn are excellent avenues for promoting your work. By keeping a consistent dose of daily posts can help you develop your work to possible clients. 

There is a vast opportunity for you to make a considerable profit from what you are passionate about. Scale-out and discover the potential of doing what you love and have a profitable full-time career. 

PhilTeamFinder has been helping talented individuals find good-paying, stable home-based employment with foreign employers. We can help you turn your passion into profit here.