How can high-income skills improve your life?
Let’s start by defining what high-income skills are. It’s a skill that can make you a minimum of $10,000 a month or $120,000 a year. It’s a skill set that you developed that can deliver value to the marketplace. With a high-income skill, you are still trading hours for dollars, but it’s high dollars.
Also, it’s a high-income skill, not a job. If it’s a high-income job, then your value is not determined by the marketplace, but by a manager or a boss. There’s little you can do to dramatically increase your earning ability or income. However, the more you improve your high-income skill, the more you make.
Start With A Skill That’s Your Foundation
Let me give you an example. The very first high income skill that I developed in my early 20s was copywriting. I was writing ads and sales letters for entrepreneurs and companies. I was making about $1000 a month, which for me at the time, felt like a million bucks. Back then, even $10,000 a month felt like a lot of money.
Eventually, as I was writing copy for clients, they started asking me how to use the copy I was writing for them. I started giving them advice. So from my first high-income skill, copywriting, I transitioned into my second, marketing consulting. Then I was making over $100,000 a year doing that.
My third high-income skill was internet marketing, and that increased my income even more. People started to ask me to teach them what I was doing, so I did my first seminar.
A few people came to my first seminar. Then later on, I got a dozen, which grew to hundreds of people. That’s when I developed my fourth high-income skill: public speaking. These workshops gave me a very good income, over $120,000 a year.
From public speaking, I started speaking on other people’s platforms, where I would offer my programs. That was my fifth high income skill – platform selling. I gave 60 to 90 minute talks to deliver value and close people to invest in my program, which sold for $1000 to $2000. It worked out to $10,000 to $50,000 in sales.
Start Stacking Your High-Income Skills To Increase Your Income
As I made more money with my high-income skills, I got into investing because I had the money. Because I had the money and the high-income skills, I started to build my influence. I met more business people and started doing the LIBOR, a kind of deal making brokering where I would collect a commission as a middle person.
This is how I built up my career. I developed my first skill and then stacked the skills up. I didn’t develop all my skills at the same time. It’s called stacking your success, when you have a foundation and you build up the layers. Click To TweetOver the years, my businesses have had ups and downs. I’ve made great money and lost millions over the years. But because I rely on my high-income skills to make money, I can count on them to always make the money back if I make a bad investment.
Year after year, I count on my high-income skills to increase my earning ability and make 10% or more each year. And just to clarify: high-income skills don’t have to be just in sales and marketing. I have a friend who is a ballroom dance instructor who makes $10,000 a month in cash, so that’s another high-income skill.
You can be a graphic designer, programmer, or freelancer. If you’re delivering value into the marketplace, helping people, solving their problems, and you charge good money for it, that’s a high-income skill.