Did you know that you can increase your wealth through having high income skills? High income skills are skills that allow you to earn a six-figure income each year and ultimately lead you on the path to financial freedom. There are many ways to earn extra money that don’t require a degree or a lot of training. In fact, most of them can be done online and from the comfort of your home.
Learning how to make extra money can completely change your life, whether you want to earn an extra $5,000 a month or have another financial goal. Maybe earning an extra $5,000 a month isn’t enough for you to retire right away, but it can help you start saving to retire sooner. For some people, increasing their income allows them to accomplish short-term goals like saving up for a down payment on a house or purchasing a new car.
So, if you’re ready to make extra money and kick start your journey to financial freedom, check out these 10 effective high-income skills.
Let’s explore 10 high income skills that will help you make more money!
The Top High Income Skills
Entrepreneurship
Entrepreneurship can feel intimidating to many. Entrepreneurship is not easy, but it doesn’t require being the next Elon Musk to be successful. Being an entrepreneur opens up a lot of opportunities for things you can try. You can start so many different businesses. However, it will require hard work, dedication, and, most importantly, a product or service that is needed.
When starting a business, you must focus on solving a problem. Everyone wants to start a business and make millions of dollars, but it doesn’t always happen that way. For example, when Mark Cuban started his entrepreneurial journey, he was selling garbage bags door to door only making a couple of thousand dollars. It was his entrepreneurial spirit that led him to start an internet-based solution years later for listening to basketball games called Broadcast.com. That company would sell to Yahoo for $5.6 billion dollars in 1995.
On the other hand, there are entrepreneurs who provide services on a smaller scale that solve customers’ problems. For example, Pinky Cole, the owner of Slutty Vegan, started her plant-based burger joint to provide healthier food options that still taste good. She has made millions of dollars and adapted to the demands of her customers by expanding to more locations.
There are many benefits to being an entrepreneur. They range from having more control of your time to impacting others based on your values. Most entrepreneurs love the work that they do and have a sense of purpose that they may not have had by working for someone else. Entrepreneurship provides autonomy, flexibility, and constant growth and can be incredibly rewarding. Being able to make adjustments, learn from failures and not give up when it gets hard will be crucial to becoming a successful entrepreneur.
Earning potential: Unlimited
Online Course Creation
Creating an online course is similar to any other business. It requires a lot of work on the front end to get it off the ground. When you create an online course, there is a lot to consider. You must be clear on how to create and manage it. For that reason, strong time management and marketing skills are necessary. It will also be helpful to understand sales and how to target the right audience with your online course. Much of your time will be spent writing outlines of what you want to record on video and things you want to include in text format.
How to get started
Before creating an online course, you must identify an idea for a product. You will need to research an industry that you are interested in that needs your product. This is very important because if your product is not needed you will struggle to generate income.
Take time to research other successful people in the industry you choose and analyze their products to see if there is a gap you can leverage. If your product can fill a gap of other successful products then you will have a better chance of earning income. The good thing is, there are a lot of great tutorials and other online courses that you can learn from to get started.
Earning potential: $100,000+
Email Marketing
Email marketing is marketing done online. Many online businesses are looking for help with email marketing. This high-income skill benefits a lot of big businesses because it generates revenue. Businesses spend millions of dollars on marketing each year. Email marketers are tasked with getting potential customers to convert into a sale. They use different methods such as email marketing software and social media to target an audience.
It’s a great skill to learn because you can do it remotely through Udemy or LinkedIn. This skill can generate traffic to a website and increase leads when running a business. It’s very important for reaching the right people at the right time.
Earning potential: $100,000+
Affiliate Marketing
Affiliate marketing is when you get paid for recommending a product or service to someone else. It’s common to use affiliate marketing through your own business. A lot of people use social media, email marketing and their website to promote products. It’s very important to choose products and services that relate to your target audience. This will help increase the amount of potential income you can earn.
Affiliate marketing requires you to be strategic and understand how to research products before recommending them. You can learn this skill online for free.
Earning potential: $125,000+
Website Design
Being a website designer is completely focused on creating websites. You will need to create websites that look good, are easy to use and keep the reader engaged. Many websites are clunky and have too much content on the site, which causes the reader to leave the site and never return. It’s important to learn the necessary skills to become a great website designer. The best way to learn these skills is by creating your own website and using online tutorials to learn the ins and outs.
You will need to have an interest in technology, more specifically coding. While it is quite possible to design a website without coding, being able to code will help you design better websites.
Earning potential: $100,000+
Public Speaking
Public speaking is when you give speeches to a group of people to motivate or provide information. The skills you need to be a good public speaker include confidence, a good story and the ability to relate to your audience. Motivational speakers earn the highest income in this industry. However, the earning potential all depends on what topic you talk about and your influence.
There are a lot of public speakers who started with no experience and became successful by simply practicing. The more practice they had, the better they became and ultimately led to a high income. The best approach to learn this high-income skill is to find a mentor who is already a public speaker. This will allow you to learn from someone in the industry and start your public speaking career on the right path.
One of the top motivational speakers in the world is Eric Thomas. He goes by the name ET The Hip Hop Preacher. He got started by doing free speaking engagements at local schools in his hometown to gain experience. This allowed him to practice speaking and learn how to perfect his craft. He also had great mentors such as Tony Robbins who helped him get his speaking career off the ground by exposing him to new strategies and providing speaking tips. His story is amazing and you can learn from him online for free through his YouTube channel. After doing so for 10 years, he gained enough experience to start charging a fee for his speaking engagements.
Earning potential: $150,000+
Video Production/Editing
In 2021, video production/editing is very popular thanks to the number of podcasts and video content created daily. According to Apple Podcasts, as of May 2021, there are more than two million podcasts available. As a video editor, you will edit lots of footage that can be reused in different formats. Your content may be used on TV, in an online ad, or in a social media post.
You can teach yourself video editing or learn in an online degree program. Skillshare is a great option to learn video editing at a low cost. This high-income skill requires a lot of practice and consistency to make sure you are good enough to demand a high income.
Earning potential: $100,000+
Software Development
A software developer is focused on creating applications and requires coding skills. This is one of the more difficult high-income skills to learn but it’s still possible if you are interested in this industry. Software developers are in high demand because it’s important to the success of most businesses. Software developers can help improve the security of your application. It’s important to focus on software development and security with the rise of online hacking and security threats.
If your business is taken offline and down for any amount of time, that can impact your overall revenue. You can learn this skill online or at school. There are sites such as Udemy that offer courses to teach you coding skills.
Earning potential: $100,000+
Financial Coach
You can become a financial coach if you’ve had financial success or are an expert in this area. Most people want to relate to you as a financial coach. If you’ve experienced similar struggles as others, then financial coaching could be a good move for you. In addition to having financial knowledge, you also want to build a coaching style that will help you succeed.
You will have to learn different personality types so you are able to adapt to this high-income skill. A book to read to learn how to easily launch and grow your coaching business is The Financial Coaching Playbook by Kesla Dickey.
Earning potential: $100,000+
Copywriting
Copywriting is a form of writing that is used to sell a product. There are a lot of examples online of copywriting. It’s a very relevant and in-demand skill to have. Every business owner needs to master copywriting to grow their company. You can learn copywriting online and some companies offer certifications for this high-income skill. Gaining a certification is helpful when starting out with very little experience.
It’s hard to find a good copywriter and that is a big reason why they earn a high income. Nearly every company has a website (or multiple sites) and needs help growing their site. Copywriters help craft landing, product and subscription pages to fully optimize them for search engine optimization (SEO).
In fact, some copywriters earn over $500,000 per year because they get a percentage of the sales their copy generates. Of course, not everyone will make this much money with copywriting, but it is a skill you can learn to earn a high income.
Earning potential: $500,000
You can reach your financial goals by learning high-income skills and using them to your advantage. The most important thing to remember is you are making yourself more valuable so you will always have skills that are in demand no matter how the job market may look.
Neiko Johnson shares his finance knowledge and debt-free journey on his blog Secret to Finance. The primary focus of their blog talks about budgeting, paying off debt, and building generational wealth by investing.
10 High Income Skills to Increase Your Income appeared on Wealth Noir.
