Bankable Skills

Papi Knox

🇭🇹 🤴🏾P A P I 🍓
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Joined
Mar 11, 2019
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422
This November I spent a few days to package my skillsets.

Needed to know what I do well and how profitable it is.

I tried this exercise, and because of it I'm getting hundreds of followers that I will soon convert to my email list where I'll sell them.

I shared it with my membership group, and now I share it with you.

Here's how it works:
 

Papi Knox

🇭🇹 🤴🏾P A P I 🍓
Staff member
Joined
Mar 11, 2019
Messages
422
IDENTIFY YOUR BANKABLE SKILLS

This is geared towards deciding what kind of service/consulting business you can start, or course you could create and sell. But also works for figuring out what kind of higher-paying job you can get, product-based business, etc.

PHASE 1: IDENTIFY

Take 30 minutes today, and 30 minutes tomorrow. Actually invest this time, over two separate days. It works 1000% better that way.

Write down AS MANY ANSWERS AS YOU CAN to the following questions:

1) What tasks are you good at?

(e.g. running, fixing cars, making girls laugh, brewing good coffee)

2) What skills have you learned well?

(e.g. programming, writing viral tweets, a sport)

3) What challenges have you overcome in life?

(e.g. fixed a stutter, overcome a phobia of X, dug yourself out of debt, lost 50 lbs)

4) In jobs you've had, what tasks did you do well at? Especially if you became the "go-to" guy when anyone needed this?

(e.g. calming down mad customers, creating excel spreadsheets, selling)

5) What's easy for you, that's hard for other people?

(finding great photo ops, getting girls' numbers, picking winning stocks)

Keep going until you get a MINIMUM of 30 things. 50 is better. If you don't have at least 30, think harder, and/or start asking friends what you're good at (this is a good thing to do anyway)

PHASE 2: CLASSIFY

Get a sheet of blank paper, divide it into 4 quadrants. Along the top, write "FEW <-> MANY". On the side, write "LOW <-> HIGH" (but write it sideways).

Take every single item you came up with in Phase 1, and classify it in two ways:

1) FEW vs MANY - How many people does this appeal to?

(e.g. Few: tuning your racecar, advanced mathematics.

Many: get a raise at work, get more dates (for guys), find a great guy and keep him (for gals))

2) LOW vs HIGH price - what are people willing to PAY for this?

(e.g. Low: folding clothes, digging dirt, posting comments on twitter, how to throw a baseball

High: Writing advertisements that sell, finally getting in shape after failing at it for 20 years, launching a new high-paying career)

Write each into one of the 4 quadrants on your sheet of paper. If you're not sure, just guess - sort through them quickly, your first impression is fine.

PHASE 3: SORT

The sweet spot is MANY and HIGH PRICE. If you can solve a problem that many people have, and they're willing to pay an arm and a leg for, and you can actually solve that problem for people - that's the easiest to monetize.

For FEW and LOW price - forget about those.

In fact, forget about most LOW price - No one's going to give you mad stacks of cash for your high-end agency or course for repairing holes in socks.

The exception is something that is you feel you can serve to MANY people, at a profit. You come up with a unique product that you can sell worldwide through Walmart, for example.

Your best bets will probably be on the HIGH end. The more people who want it, the better.

PHASE 4: EXECUTE

Test it. Create an idea for how to make money on it - whether that's building a business around it (ideally), or getting a job/side hustle - and put that plan into action.

It'll either work or it won't. You'll either make $ or you won't. If not, asking people for feedback in this room. You may need to pick a different idea. Maybe the idea's great, and you need to execute differently.

But keep going, learn from your experiences, and NEVER GIVE UP.
 

joelsuf

Active member
Joined
Apr 30, 2019
Messages
193
Wow this sounds like an awesome exercise, I'll do the first half tomorrow night and the second half Thursday morning.

I need to do some deep reflecting anyways on my vocation and this month is the perfect time to do it.
 

Papi Knox

🇭🇹 🤴🏾P A P I 🍓
Staff member
Joined
Mar 11, 2019
Messages
422
If you take this exercise seriously, you'll double your income within the month Brother.

Guaranteed.
 
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