Did you know you can turn your knowledge into a money making machine? Yes, you heard me right. You can indeed set up a machine that makes money using your knowledge as basic raw material.
In this age of information, the knowledge that exists between your ears is your most valuable asset. And with it, you can start your journey to financial freedom.
Indeed, a man is wealthy not because of what he has, but essentially, because of what he knows. What he has can be lost through disaster, obsolescence or theft. What he knows, he can never lose unless he loses life itself.
Your Knowledge Makes You Valuable
Knowledge has become the principal source of value. Your knowledge makes you a valuable person in the marketplace; especially, when you possess valuable knowledge and information that can solve problems for people.
Nothing enhances or establishes your value in the market place like possessing valuable knowledge which can be utilized to bring about a benefit that people will be willing to pay for.
One major upside of valuable knowledge is that it helps to increase people’s ability to get their desired result. When you possess such knowledge, you can add value, meaning and significance to the lives of countless number of people the world over by sharing your knowledge with them.
One outstanding feature of the marketplace is that it pays good reward for value. When you take advantage of the knowledge and information at your disposal to add value to people’s lives…..you are sure to smile to the bank.
Listen friend, your knowledge can indeed add value to the lives of others.
Taking advantage of your knowledge and information to improve the lives of others is a surefire access to financial freedom.
You have certain knowledge, information and experiences right now that would help someone solve a problem they have…..and such a person would be glad and willing to pay you to share what you know with them.
Place Value On What You Know
“Remember that what you take for granted, because it is common knowledge to you, is a revelation, a secret of immense value to someone who does not know or understand it. Do not undervalue what you know.” – Dan S. Kennedy
The law of familiarity says that if we are around anything (or anyone) long enough, we tend to take things just a little bit for granted.
The truth is that everyone is knowledgeable in something. No one has monopoly of knowledge. There is something you know right now as you are reading this post that someone else does not know.
You owe it to your financial destiny not to take the knowledge and information you possess for granted.
One major reason people succeed financially is that they have knowledge other people do not have. For example you pay your accountant or your doctor for the knowledge and skills you do not have.
Friend, you know more about something than most people, and it is your privilege to get paid for such knowledge and information, especially, if it helps to solve their problems.
The good news is that you can turn such piece of information into a lifetime stream of income that would forever establish your financial freedom.
Listen friend, your knowledge has economic value with huge potential to consistently pipe passive income to your bank account.
Information is the new gold! Indeed more gold can be taken from the mind of humans than had ever been taken from the earth.
There is a huge market for information. There are thousands of people, perhaps millions, all over the world making great money from information business.
Most of the richest people and companies in the world today are all into information business. It is indeed the age of information.
Today, the world celebrates what is known as knowledge economy. This is the use of knowledge to generate tangible and intangible values. It is an economy that is based on creating, and trading knowledge; where a huge chunk of economic growth, employment, and production of goods and services are principally based upon knowledge-demanding activities.
The reality is that in this information age, millions of people are always seeking top quality information to solve their problems, make critical and informed decisions about different areas of their lives.
Information is money. It is money because it solves problems. And it is a known fact that money is made by proffering solutions to people’s problems. If you have any knowledge or information that can solve a problem, people will pay you for it.
Key To Financial success
Financial success in life is essentially determined by ability to acquire knowledge and technical skill, and then transform them into strength and financial gains.
Please understand that it is not enough to acquire knowledge, experiences and skills; you must take deliberate and well planned out action steps to derive economic values and gains from your knowledge.
“Knowledge has no value except that which can be gained from its application toward some worthy end.” Napoleon Hill
Acquisition of knowledge is not what puts money in your pocket, but the use to which knowledge is put. One major difference between the rich and the poor is the application of information.
Doing nothing with your knowledge is a total waste of valuable resource which has the potential to financially transform your life.
Can you imagine yourself complaining of not having a job or money after you have invested a great time and effort to acquire certain knowledge that has economic value?
It would be an aberration for you not to maximize your knowledge for financial gains. Your knowledge and information should be generating income for you.
Become An Infopreneur
An entrepreneur whose main product is information is called an “infopreneur.” The word “infopreneur” is derived from two words: information and entrepreneur.
Infopreneur is a person who makes money from selling intellectual property. They make money by marketing and selling information.
You too can take advantage of the knowledge, experience, skill, and expertise you already possess and leverage them to start either a part-time or full-time business.
How To Make Money From Your Knowledge
Please take note of this truth, your knowledge will not attract money, unless it is organized and intelligently directed, through practical plans of action, to the definite end of accumulation of money.
Intellectual property is the real wealth of the information age.
In order to generate income from your knowledge, you must find ways to monetize it. This you can do either by becoming a coach, a consultant, a trainer or an author.
One major upside to this business model is the low start-up costs. It’s the most cost-effective business model you can get into.
Remember, the raw material for your products or services is the knowledge and information you already possess.
Armed with a laptop you can easily create your products and services- leveraging your existing resource- your knowledge, skills, expertise, and experiences in form of: Books, seminars, training, digital downloads, infomercials, consulting, speeches, audio and video courses.
These products and services can be marketed through word of mouth or on social media platforms.
Everything in your life has value even the challenges you went through and overcame. You can teach people what you did to overcome the challenges.
Stormie Omartian was a woman who went through serious challenges in her marriage, and when she finally overcame, she monetized her knowledge and experience. She went into seminar production and also wrote many books targeted at women having issues and challenges in their marriages.
The truth is that you can build an information empire with your knowledge; and if not an empire, at least an information business that would guarantee your financial freedom. It is time to get started.
When it comes to packaging and selling your knowledge and expertise there are two major avenues you can explore:
Your knowledge can be productized. This can be in form of a physical, tangible book or it could be in digital format. Though in this digital age, eBook or online course would be a great choice.
Once these digital products are created and automated, they run on their own with little or no effort from you. Yet, they can generate amazing income for years to come even while you sleep or on vacation.
The Service Focused preference, as the name suggests, is about providing services to clients. This might take the form of training, consulting, coaching or teaching a seminar.
These services can be provided online or offline depending on what you are comfortable with.
It’s a new day for you!
To Your Prosperity
Thanks for stopping by and checking out Wealth and Riches! I hope that you are challenged and encouraged by the content.
One of the greatest ways for you to show your appreciation is through your comments on the site. Hearing from you and learning from you is motivation for us to keep going.
Please give this post your thumbs up as you mail it to your friends or share on any of these social networks!
And to share the acts of God in your business and financial life CLICK HERE.
IF YOU DESIRE WE AGREE WITH YOU IN PRAYERS CONCERNING ANY AREA OF YOUR LIFE AND BUSINESS, PLEASE DROP YOUR PRAYER REQUESTS HERE.