How To Use Your Skills To Boost Your Income?

skills to boost your income

A lot of articles on the internet about “How I earned $10000 in my first month as a scriptwriter” or “The top 5 side hustles that can earn you the extra income every month” etc. can be understandably intimidating. 

Being bombarded with information about how well everyone is performing at work while you are bringing in a meagre salary every month can be overwhelming. 

Although it is true that the road to earning income online seems like a never-ending one, taking the right measures will definitely help you. 

This article will provide you some actionable steps to help identify your unique skill set, assets, and capabilities that you can put to use and earn money online. 

Be The Pain Killer, Not A Vitamin 

What is the one aspect that ensures you a great salary? One aspect that ensures is your ability to solve problems only a few others can. Let me put it in simpler words. 

If you are one in a million people who can do what you do, the prospects are so that a certain skill set you seem to display is not highly sought after in the field. 

Based on the theory of demand and supply, we can clearly understand that you will not be able to quote a premium charge for your services. If your skills can easily be replaced, somebody else who agrees to work cheaper will get the opportunity. 

In the words of Elon Musk, “You get paid in direct proportion to the difficulty of problems you solve.” To earn an income consistently, you need to find a solution to the problem that most people are after. That is, be the pain-killer and not a vitamin. 

Although vitamins are good for the consumers, it is not something they necessarily need. Pain-killers are what people search for when in absolute need to solve a major pain point. One example of such a pain killer is the online payment portals we use today to pay through for almost anything from Gadgets to Groceries. 

Find What Sets You Apart 

It would help if you found what experiences in your life make you unique. If you have worked part-time as a bartender for a few years, you can use those social-skills to your advantage when you open a brewery of your own. 

Or if you have had the experience of placing wagers as a sports bettor, your knowledge of math in sports will not go waste. You can brush your skills and restart betting on reliable and popular bookmaker websites like Freebets.org.uk to earn income online efficiently. 

Try and identify the intersection of your passions, skills, and experiences to choose how you are going to use the culmination to add value to other people’s lives. 

Go Deep, Not Wide 

You have to stay in one place to dig a deep hole. Similarly, to become an expert in a field, you need to spend your time and gain experience as much as you can in that industry. You often have to outperform others competing with you and stay focused on the job at hand. 

Our limitless access to much more information compared to the older days can also be one of the biggest inhibitors to your growth and progress. 

This is because the knowledge of so many options can easily pull you away from the things that matter the most and by doing so you fall behind the others in the race. 

Therefore, when you think of what you have to do, spend time finding your niche, decide, and then commit to working in it. In other words, to set yourself apart from others, you should find something to work deeply on. 

James Clear has put forward the theory of getting better at your job by 1% each day. He illustrates this with perfect math. He quotes that if you keep improving yourself in a certain skill or area by 1% every day for a year, you will be 37 times better at it by the end of the year. 

80/20 Principle 

There is no better principle to adopt than the Pareto Principle. The Pareto Principle simply states that “80% of the outcomes are a result of 20% of the efforts.” implying that you should find the 20% that generates 80% of your income and hence focus your efforts and time on that. 

This 20% could be a particular field of work or a certain customer. Identify and work on it. It is also wise to review your income streams periodically. 

Closing Thoughts On Increasing Income

Although it may sound cliché, this is the most important thing you should remember - keep at it and believe in your abilities. You can overcome the hurdles that most other people cannot by sticking to your goals. 

Use the aforementioned tips to find your niche and prosper with a steady income!

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