MONETIZE YOUR SKILLS | 365 DAYS OF MONEY TIPS | DAY 20

Words of Wisdom

​THE WAY TO STOP FINANCIAL JOYRIDING IS TO ARREST THE CHAUFFEUR, NOT THE AUTOMOBILE.
- WOODROW WILSON

WHY IT IS IMPORTANT: Monetizing your skills allows you to identify ways to make a profit. When you monetize your skills, you find easy ways to fatten the pockets and or take the strain off your wallet. Monetizing your skills is a money tip because whenever you are able to get additional funds, it makes your life that much better in terms of financial freedom. Every little bit counts. Monetizing your skills could lead to unleashing a financial path you had not even considered before.

KEY POINT(S): Monetizing your skills generates revenue while allowing you to do things you are naturally gifted at. Trust yourself and charge for your skills, knowledge, and time. Know your worth.

MY EXPERIENCE: When I didn’t know any better, because I had an affinity for content curation and content presentation, I was heavy in creating and revising résumés and then I recognized that I was doing too many for free. So, I launched an LLC and started providing Everyday Written Solutions and charged about $100 per résumé. No matter if something comes naturally or not, you have to have a plan. I didn’t have a plan and quickly recognized that my approach was not sustainable. BUMMER! Not every skill should be monetized by me. Time reveals this to us. Monetize wisely.

QUESTIONS FOR YOU: What are some skills that you can monetize? What are some skills that you have tried monetizing in the past with minimal success?

NEXT STEPS: 

1. Consider your skills for one or two products or services you can offer.
2. Determine your why and draft a business plan.
3. Consider a Financial Coach at Eduential™.

SUGGESTED ONLINE REFERENCES: 

• How to Recognize and Monetize Your Expertise and Passion by Freelance Writing
• How to Monetize Your Passion by Laura Leigh Clarke