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How to monetize your knowledge?

How to monetize your knowledge?

What is the most expensive thing in the world? Do you think it's gold? Platinum? But no, it's information.

Our knowledge can be different, the amount of money we have depends on the information we know. But sometimes a person may have some information, but they don't know how to use it.

 

  • Let's take a simple example. Each of us at work takes care of certain functions. For example, Natasha knows how to create a beautiful design for landing pages, while Alexandre can make a good layout. It is logical to assume that Alexander will not be able to work in the company as a designer, because he did not know the business. On the other hand, it is unlikely that Natasha can make money by making layouts.
  • Let us now look at the labour market. What happens if there are not enough competent specialists? The prices of works simply increase, and any competent specialist is worth the weight of gold. If you think that gold is not enough to evaluate your knowledge, then close this article, there is no need to read it. Because we will talk to you about techniques to turn training hours into real money.

 

Working for the company

It is a standard method of monetizing knowledge that has been used by most of the world's population for centuries. Each of us is born, studies, gets a job and goes to work in a company, a society, a factory, etc. As they say: "Everyone makes their own choice!" The government  has defined the limits, working conditions and wages of people working in companies. Among the advantages of this method of monetizing knowledge are the low knowledge threshold and stable income generation. The main disadvantage is the great difficulty for professional promotion.

 

Freelance

Despite a relatively new way of monetizing knowledge, beginners in free remote processing have moved from cowboys to remote lawyers and computer experts in recent centuries. To earn money as a freelancer, you must be a specialist in a given field. Today, the most popular are programmers, designers, marketers, and the list of professions is growing with the advent of new technologies and the development of the world. The advantages of freelance work include a high salary and a free time. However, dependence on the employer is one of the disadvantages.

 

Own business

Everyone who reads these lines has at least once dreamed of their own business. Independence and high incomes, a luxury car in the garage of its own home attracts many active professionals, but here it should be noted that the knowledge of the manager or businessman is different from that of the site creators. The advantages of this type of knowledge monetization are a high income and independence, which have their hidden disadvantages, such as, for example, a high income is only received by successful entrepreneurs, and independence sometimes turns into sleepless nights and responsibilities for those working in the company.  

 

Coaching

The teaching profession is rightly considered to be one of the oldest. Today, thanks to the Internet, everyone can teach and share their knowledge for money. There are many Internet sources ranging from sites where you can find/offer your teaching services to Youtube, where 6-year-olds exchange knowledge of new toys. Among the advantages of such monetization is a relatively low threshold for those who want to monetize their knowledge, independence and high income. But the disadvantages, as in the case of your own business, will be the advantage of a knowledge threshold: is your knowledge worth paying for?

 

More : https://geneva.itstep.org/step-digital-marketing

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