7 Ways to Monetize Your Skills

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7 Ways to Monetize Your Skills




I am passionate about helping women build profitable brands online and can go long stretches of hours teaching, sharing and helping women build the type of brands others will truly be proud of. As much as I love doing this and devoting my time, it wouldn’t make so much sense if I wasn’t monetizing my skills in one way or the other. That’s what seals the fulfillment that comes with helping others doing what you love while also getting paid.

Most people want to monetize their skills but have failed to do so because they do not know how to go about it. First, before you continue reading, I’ll like to let you know that if I can monetize my skills from the comfort of my home, you can do that as well. Monetizing your skills is not rocket science and that’s why I want to share some quick tips with

  1. Create and sell online courses: if you have a skill and you know that others will greatly benefit, it’s time for you to start thinking about how to create and sell online courses. Some people have said, they don’t have a platform and here’s me saying you do not need a platform to start selling online courses. It does not matter the type of skill you have – makeup, writing, event planning, relationship counseling, life coaching, catering, graphic designing etc., you can create your course and start selling on Amazon in one day.
  2. Become a Freelancer: the internet is the saving grace of the 21st-century entrepreneur and with third-party sites like Fiverr.com, Upwork.com, Hiremymom.com, you can start monetizing your skills at the click of a button without the stress of setting up your own business. You can decide when and where you want to work and decide how much you want to make.  These are great options for you to monetize your skills while also having the freedom to choose when and where you want to work.
  3. Start a blog (and register with companies as affiliates): have you ever wondered how Bloggers make money? Wonder no more! Bloggers make money from multiple sources but the easiest way to start is Affiliate marketing. For this to work, your blog must be self-hosted, focused on a niche or target audience and must have great content that keeps your readers coming back. I started my brand through blogging and I cannot begin to describe the amazing opportunities blogging has brought my way. If you’ll like to start blogging Bluehost is the hosting platform I recommend because of its one-click WordPress set-up. Other than opportunities that blogging will bring your way, if set up right, your blog can pay for itself and even pay your bills when you monetize it by registering as an affiliate with brands that are related to your subject matter.
  4. Start a membership site: this is a fast-growing concept whereby you build a membership site where you can teach your skills to members of the site in exchange for being paid. You do not need a website to start a membership site. You can start using Facebook Groups and transition to a website as you grow
  5. Write a book: this is one of the greatest ways you can impact others while also making a living out of it. Writing a book is not as complicated as it sounds, however, I’ll say it involves a lot of work and dedication to be able to pull this through. Also, before you write your book, it’s always better if you have a thriving social media platform or network where you are already adding value
  6. Start a coaching business: this is one of the things I currently do to monetize my own skills and nothing stops you from doing that as well. To become a coach, you need a deep understanding of your subject matter gained by experience or education or a combination of both and the ability to help your clients get the results they truly desire.
  7. Vlogging: I know people who have built profitable brands by vlogging and in case you do not know, vlogging is sharing your knowledge or teaching others through videos. The most popular channel to vlog is Youtube and you can earn money based on views. Of course, the more valuable the content you share with your audience, the more followers, and views you’ll get. It’s the content that keeps people attracted to your brand and it makes them keep coming back.

As you can see, none of these 7 ways of monetizing your skill involves Rocket Science. All you need to do is to start where you are doing what you love and work your way up the ladder. Remember, the goal is not to implement all these ideas at once but take one idea, implement it successfully and then move on to the next. If you are diligent, you’ll become financially-independent faster than you ever dreamed or imagined.

Thanks for reading! Do you currently monetize your skills? Which of the seven ways appeal to you the most? Leave me a comment below and please share this post with others. Feel free to ask questions as well.

Disclosure: I use affiliate links on my blog. If you signup for any third-party service using the links on my blog, I will get a small commission. This helps me offset the cost of operating my blog so I can keep on bringing the best to you and at no extra cost to you. Thank you for your support.

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8 Comments

  • avatar
    Adedayo Suleiman
    October 16, 2017

    Hello Mrs Akinlotan, i am an ardent reader of ur blog, now, i am interested in becoming an online marketing agent as am always surfing the net but i don’t know how to go about it. I don’t mind paying a membership or subscription fee. Thanks alot for all your help.

    • Oluwaseun Akinlotan
      October 16, 2017

      Thanks for your feedback. I will send you an email soon.

  • avatar
    Rhoda Akinpelu
    October 16, 2017

    Thanks for sharing ma. Insightful as always!
    For me, the blogging and writing resonates with me, but I won’t mind online marketing ad well.
    How do I get more active on blogging and how can I develop my writing skills?
    Thanks so much ma.

    • Oluwaseun Akinlotan
      October 16, 2017

      It’s my pleasure ma. The marketing ad works well if you own your own domain name. I plan on helping you with the transition. As per developing your writing skills, I believe it comes with writing. The more you write, the better you become. Also, by studying the writing styles of people you love their writing.

  • avatar
    Morenike
    October 16, 2017

    Thanks for sharing mam, I think I need to start with number 1,creating a course to sell. Online

    • Oluwaseun Akinlotan
      October 16, 2017

      I will show you how. I’m coming up with a course soon

  • avatar
    yetunde adegboye
    October 18, 2017

    I really enjoyed reading this. Stayed glued to the screen till I got to the end. More like you read my mind. I’ve been pondering on some of the points too. Thanks k you for getting them at the head and driving them home.
    I’ve tried the WordPress in the past but couldn’t follow through. I guess it’s time to revisit.
    More Grace sis.

    • Oluwaseun Akinlotan
      October 18, 2017

      Thanks for your feedback sis. Sometimes we just need to hear something again before it sticks. I have a step-by-step tutorial for the WordPress on the blog. Have you read it? If you need help, let me know. Thanks

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