High Income Skills 2023: 5 High Paying Skills
What are High Income Skills?
Even with a college degree, it can still be difficult to earn enough money to sustain a decent lifestyle—especially if you also have kids to raise. A regular salary may not always be enough to pay off student loans, mortgage, and even save up for retirement.
Fortunately, there are plenty of opportunities nowadays to explore special skills or hobbies and turn them into an income generating activity. These are called high income skills that can be learned and refined without necessarily enrolling in a formal class or college degree.
According to Dan Lok, a high income skill is a special skill or ability that should net you a minimum of $10,000 per month, or a total of $120,000 each year! So, what are these skills? This article will discuss five high paying skills that you can try to explore:
Copywriting is one of the most profitable skills to learn to get rich. Taking on this role means you may be asked by various businesses to create social media posts, advertising or sales copies, promotional blogs, and even create short taglines and announcements on graphic images. The amount of time and dedication you put into your work can significantly increase your earnings.
To be an effective copywriter, you must aim to write copy that appeals to your audience. Knowing who you are writing for before you start will help. There are online courses you can try which can help you improve your writing skills. English and Journalism classes are a great place to start. If you are already good at writing but you want to specialize in copywriting and sales copy, you can take online copywriting courses or try to gain experience by working in an advertising agency.
2. Web Designing
With just a rudimentary grasp of web designing, you could set yourself on a great path! Since many people turn to the internet in this day and age, web design can be a lucrative skill. As a web designer, you will be expected to create websites that are both creative and functional.
You will also be expected to organize information, create content, and keep the website up to date. You can learn to be a web designer by taking online classes or reading a lot of materials online. You do not necessarily need to enroll in a college program to get started in web design, but you can consider taking computer science classes as well.
3. Teaching Or Consulting Services
If you believe you have special skills and knowledge that must be shared with others, then maybe coaching or consulting is for you.
You could experiment on the internet by posting tutorial videos on YouTube. In an age where everyone is turning to the internet, online videos can be beneficial because they will be seen by a large number of people from all over the world.
There are some platforms where you can register your experience and be connected with people who may require your assistance. You may also try doing private tutorials at home, which can help you earn a lot of money.
To teach, you may need a degree or a course to be qualified. But that is not always the case. You can amass enough experience in your industry that you later become an expert on a certain niche and create special classes on your terms. This is also how you can launch your own consultancy service.
4. Public Speaking
Are you good with people? Do you find it easy to share words of encouragement and comfort to anyone who needs some uplifting? If you do, then public speaking might be a potential high-income skill for you. Your main job is to deliver speeches to a variety of audiences. Sometimes, you may need to encourage individuals to attempt something new or change themselves.
To be an effective public speaker, you must exude confidence in order for your audience to trust you. It is also a good idea to include real-life examples or your own life story, if possible. Before speaking, get to know your audience and be well prepared. If you think you need more practice, you should consider taking a communication skills course.
However, there are many ways to maximize this skill and earn a lot from it. Below are some more ways to earn up to six figures using your public speaking skills:
- Stand-Up Comedy
If motivational speaking is not your cup of tea, stand-up comedy is another option in public speaking that you might be good at. As a stand-up comedian, you could get hired to entertain people at weddings, community gatherings, or any other public event. All you need to do is come up with some amusing stories to make people laugh.
Sounds easy, right? To make it through, you will need to put in the hours. If you have open mic events or some other low-paying gigs in your area, you should consider going to those and refine your skill. Once you have done enough practice, you are now essentially ready for the big stage and for big bucks!
Aside from going to live events and conferences, you can also start your own YouTube or social media channel where you can upload your talks, speeches, or jokes. Public speaking nowadays is not just done onstage, but in the online realm as well! The best part about this is that you can establish your online channel while you simultaneously talk or perform in events and conferences—maximizing your income potential in more than one way.
If making speeches and onstage performances are still not your thing, but you’re adamant to earn big from your public speaking skills, then try sales! If you can easily persuade people to try out something new, then this could be a lucrative venture for you. You do not even have to do it full time, since most sales jobs are commission-based. Furthermore, it is not always about selling physical items such as electrical appliances or automobiles, but also about selling services such as insurance packages. So, if you do not like to keep inventory or carry around products, you can always opt to sell services instead.
5. Software Developer
People these days are all going digital, and they are always looking for ways to make their lives easier. So, imagine developing software that will do just that. Being a software developer, you can create computer programs, mobile apps, and even help create video games that will interest a lot of people.
Unlike the other skills on this list, becoming a software developer requires highly technical skills and knowledge. Hence, you might need to take courses from a well-known professional in a particular field or even attend college to earn a computer science or web developer degree.
Dan Lok projects that you could earn over $100,000 as a software developer if you stay dedicated to learning new tech and trends, and then applying these in your work. The thing about being a software developer is that technological systems are always changing and innovating. Therefore, you need to stay updated with the latest methods, systems, and processes.
Recap: Skills to Learn to Make Money
Even though these high-income skills are potentially high-earning, you cannot really expect to make the big bucks overnight. Remember that there are also other people who have also refined such skills and have found success in them. In other words, you will be competing with these people too! Aside from that, you also have to be willing to invest a lot of time, effort, and energy to refine your chosen skills and become an expert in the field. Doing all this can take years, so you have to be patient as well.