PRESCRIPTION FOR EXCELLENCE With Dr. James J. Williams
10 Ways To Monetize Your Experience and Expertise It’s now half-time in 2020! Summer is among us, and the uncertainty that comes with it. As COVID-19 continues to rear it’s ugly head, sustainment of our lives lies hanging in the balance. However, I can tell you that resilience certainly pays off. After receiving an offer letter as an Adjunct Assistant Professor beginning in late August, I began to think of ways to further monetize other areas of my gifts and talents. Already working full-time remotely, I said to myself, Why stop here? There are so many ways to monetize your experience. I can think of no other example than Next Generation Speakers Magazine’s founder Cicone Prince who is demonstrating what monetizing your gifts and talents looks like. Aside from his successful engineering career, Prince runs and operates his own podcast, is creator/organizer of his annual leadership summit, a sought after speaker, and did I already mention he is founder of this dynamic magazine you are now reading. Yep, you guessed it -- all paid opportunities. To that, I say, “Let’s go with “Multiple Streams of Income for $1000 please Alex?” While I’m sure Prince can provide many more tips that has contributed to his incrfedible success, I believe 10 tips are a good benchmark. In my research, I came across Esther Snippe’s 10 ways that will get you started in maximizing and monetizing your expertise (Speakerhub.com). During this outbreak, mapping out a plan and preparing for the unforeseeable future would certainly be time well spent. 1. Offer consulting Share your knowledge, expertise, and experience with other individuals, organizations and businesses that need guidance, for a price. Consulting expert Tim Berry explains that “It takes four times the resources to find a new client than to keep existing clients.” Repeat business is the key to making money with consulting, so make sure that you deliver on what you say you will, don’t over promise, and do a noteworthy job. Read more on consulting • How to start a consulting business [Entrepreneur] • 5 Tips for building a killer consulting business [Inc.com] • Consulting Start-Up: How to start a consulting business fast [uDemy]
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