TIPS ON HOW TO CONVERT YOUR SKILL TO A PROFITABLE SOURCE OF INCOME

Do you spend more than you earn? Have you learnt a skill in order to get a financial balance?

There is always lot of demands to be met, I know.

It is no longer news that to live comfortably in the 21st century, having a 9-5 does not seem to be enough. Many individuals opt to learn a skill to increase their source of income. Sometimes, they learn more than one. Yet, many do not convert this knowledge to a profitable source of income for themselves.

For some, making a lot of profit from their skill is very feasible. However, it is saddening that their take-home could discourage others from acquiring a skill.

Whether your skill is your only source of income or a side hustle, you can monetize it to meet your needs. There is no skill that is cannot be monetized.

Try out these tips one by one to make your skill profitable.

  • Get a market that needs your skill in high demand. It could mean having to leave your comfort zone but your market is where your profit will come from.
  • Build a friendly relationship with your clients. This means you have to be nice before, during and after every business transaction. Your profit is in referrals too.
  • Do not give an uncomfortable price to keep a client. You can create a payment plan for them but never incur a loss to keep a client. Your clients will pay more if your skill is top-notch.
  • Do not seat back on knowledge acquisition. In this evolving market, you cannot afford to be uninformed. Daily, demands changes and your skill should be able to meet up with them.
  • Go digital with your skill. Technology is here to help you reach a larger audience and earn more. Businesses with no social presence in the 21st century make many raise their brows. Use your social media presence to earn more.

Lastly,

‘To make money, to gather knowledge, to learn a new skill, to explore new territory, even to get from A-B – for all these you need time. For almost everything, you need time, except for one thing: to embrace the present moment’

-Eckhart Tolle

While practicing these tips, do not forget to enjoy the present moment. As you push through to make your skill or business more profitable, do not be in a rush. Enjoy the process.

2018-10-25T09:41:58+00:00

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