5 High Income Skills Students Can Learn in 2024

Summary

In this video, Ali Abdaal, a former doctor turned entrepreneur, shares his insights on five high-income skills that can significantly boost one's personal 'stock price' in the market. From software consulting and copywriting to design, web building, and coding, Ali provides real-life examples of individuals leveraging these skills to generate substantial income. He emphasizes the importance of selling skills to businesses rather than consumers for higher returns and offers practical advice on learning and applying these skills for financial success.

Takeaways

• 🎓 The speaker emphasizes that learning high-income skills during education can lead to significant earnings, as they did through various entrepreneurial ventures while studying medicine.
• 💡 The concept of 'personal stock price' is introduced, which represents one's market worth and can be increased through the acquisition of valuable skills.
• 📈 The importance of being an entrepreneur is highlighted, whether by running a business or by selling one's skills to the market, which is a universal experience in a capitalist society.
• 🔑 It's crucial to differentiate between high-income and low-income skills, with the former being more aligned with market demands and potentially life-changing earnings.
• 💻 The video mentions specific high-income skills such as software consulting, copywriting, design, web development, and coding, all of which are in high demand and can command high rates.
• 🌐 The speaker shares personal experiences and examples, including a team member who became a successful consultant for the software 'Notion' at a young age.
• 📝 Copywriting is underscored as a skill that can substantially impact a business's revenue by improving conversion rates on sales pages.
• 🎨 Design skills, both in graphics and web, are highlighted as valuable assets for businesses, which often lack in-house design capabilities and are willing to pay for professional services.
• 🛠 The ability to build websites is presented as a lucrative skill, especially when targeting businesses that understand the value of a well-designed online presence.
• 🤖 Coding is positioned as an accessible and highly rewarding skill, with the potential to earn substantial incomes or create profitable products through self-learning and application.
• 🚀 The video concludes by reinforcing the potential for financial freedom through the acquisition and application of high-income skills, with the speaker offering further advice on achieving this goal.

Q & A

What are the high-income skills mentioned in the video script?

The high-income skills mentioned in the video script are being a software consultant, copywriting, design (web or graphic), website building, and coding.

What is the concept of 'personal stock price' as described in the script?

The 'personal stock price' is a metaphor for an individual's worth to the market in a capitalist system. It represents how much a person can command in the marketplace, which can be influenced by their skills and expertise.

Why did the speaker start a business while studying medicine at University?

The speaker started a business while studying medicine to help people get into med school, which eventually led to the creation of a YouTube channel and other businesses, contributing to their financial success.

What is the significance of the book 'Feelgood Productivity' in the context of the video?

The book 'Feelgood Productivity', authored by the speaker, is about being more productive in an enjoyable, meaningful, and sustainable way. It represents the speaker's journey and expertise in productivity, which is relevant to the high-income skills discussed.

How does the speaker define an entrepreneur?

The speaker defines an entrepreneur as anyone who is selling their skills or services in the market, including themselves during their time as a medical student and doctor, as they were essentially running their own business.

What is the importance of selling to businesses rather than consumers according to the script?

Selling to businesses is emphasized as more lucrative because businesses have more money to spend and value skills differently than consumers. The speaker suggests focusing on B2B services to increase personal stock price.

What role does the software 'Notion' play in the script's example of a high-income skill?

Notion is used as an example of a software that businesses use, and the speaker's team member, Molina, capitalized on her expertise in Notion to become a consultant, teaching businesses how to use the software effectively.

What is the potential earning from being a software consultant for businesses, as illustrated in the script?

The script illustrates that being a software consultant can be very lucrative, with Molina charging $300 for a 90-minute session and offering packages that could earn her $11,000 with a 20% discount.

How does the script differentiate between low-income and high-income skills?

The script differentiates by stating that low-income skills are those that do not significantly increase one's worth to the marketplace, while high-income skills are those that can command higher rates and are in demand by businesses.

What is the potential impact of copywriting on a business's revenue, as mentioned in the script?

The script suggests that copywriting can significantly impact a business's revenue by improving the conversion rate on sales pages. A small increase in conversion rate can lead to a substantial increase in sales and revenue.

What advice does the speaker give for learning high-income skills like design or coding?

The speaker advises learning high-income skills like design or coding through online resources such as YouTube tutorials and practice. They highlight the importance of targeting the right market and understanding the needs of businesses to maximize the value of these skills.

Outlines

00:00

🎓 From Student to Millionaire: The Value of High-Income Skills

The speaker reflects on their journey from being a medical student to becoming a successful entrepreneur and author, highlighting the importance of acquiring high-income skills. They discuss their early ventures, such as starting a business to help people get into medical school and launching a YouTube channel, which eventually led to multiple business endeavors. The speaker emphasizes the concept of personal stock price, which represents one's market worth, and the need to increase this value through skill acquisition. They also touch upon the idea that everyone is an entrepreneur in some form, selling their skills to the market, and the importance of not relying on a single client or employer for income.

05:01

💼 The Entrepreneurial Mindset: Skills and Personal Stock Price

This paragraph delves into the philosophy of making money, particularly for students who aspire to be entrepreneurs. The speaker explains that everyone has a 'personal stock price,' which is like a company's market value, and that high-income skills can significantly increase this value. They discuss the difference between low-income and high-income skills, using examples such as neurosurgeons and guitar players, to illustrate how certain skills are more valuable in the marketplace. The speaker also introduces the concept of selling skills to businesses versus consumers, advocating for the former due to the higher potential income.

10:02

🛠️ Leveraging Software Skills for Business Consulting

The speaker introduces the first high-income skill: becoming a software consultant for businesses. They argue that businesses often require assistance with software that younger, tech-savvy individuals can easily learn and use. The example of Molina, a university student who became a successful Notion consultant, is presented to demonstrate how one can capitalize on this skill. The speaker also emphasizes the value of learning software skills like CRM systems, which can be applied to consulting roles, and the benefits of gaining real-world business experience through such consulting work.

15:03

📈 The Impact of Copywriting on Business Revenue

In this paragraph, the focus shifts to copywriting as a high-income skill. The speaker explains how the ability to write persuasive sales pages can dramatically increase a business's conversion rates and revenue. They use the example of their own course, the Part-Time YouTuber Academy, to illustrate the potential financial impact of improving a sales page's conversion rate. The speaker also mentions resources for learning copywriting, such as books and YouTube channels, and the significant income potential of this skill.

20:04

🎨 Design Skills: A High-Demand Asset for Businesses

The speaker discusses the high demand for design skills in the business world, including web and graphic design. They mention various design assets that businesses require, such as YouTube banners and Instagram carousels, and the difficulty businesses face in finding good designers. The speaker shares their personal experience as a medical student freelancing as a designer for medical tech companies, emphasizing the value of combining industry knowledge with design skills. They also recommend resources for learning design skills, such as YouTube channels, for those interested in pursuing this high-income skill.

25:05

🌐 Building Websites: A Lucrative Skill for Modern Businesses

The speaker identifies website building as a high-income skill, explaining that every business needs a website and that being able to design and develop one makes one a valuable asset. They share the story of Henry, who taught himself web design and now charges significant fees for his services. The speaker also discusses the mindset of businesses when it comes to investing in skills that can bring a return, such as web design, and how targeting the right businesses can make web design a lucrative skill.

30:05

💻 The Power of Coding: Creating and Selling Digital Products

The final high-income skill discussed is coding. The speaker dispels common misconceptions about coding being difficult or only for nerds, highlighting its accessibility through free resources and AI tools. They mention the high demand and salaries for coders in the tech industry and the potential for coding as a skill to create and sell digital products. The example of Sahel, who built a successful software product, Firecut, is provided to illustrate the income potential of coding. The speaker also recommends Indie Hackers as a resource for inspiration and learning about coding.

🚀 Path to Financial Freedom: Pursuing Your Passions Without Financial Worry

In the concluding paragraph, the speaker invites viewers who are on the path to financial freedom to watch another video for further advice. They reiterate the potential of the high-income skills discussed to enable a life free from financial constraints, allowing individuals to pursue their passions and interests without worry.

Keywords

💡High income skills

High income skills refer to a set of abilities or competencies that can significantly increase an individual's market value and earning potential. In the video's context, these skills are essential for personal financial growth and are exemplified by the speaker's journey from a medical student to a successful entrepreneur. The speaker emphasizes the importance of acquiring such skills to elevate one's 'personal stock price' in the capitalist market.

💡Personal stock price

The term 'personal stock price' metaphorically represents an individual's worth to the market, akin to how a company's stock price reflects its value. In the video, the speaker uses this concept to illustrate the importance of developing high income skills to increase one's market value, with examples such as the transition from a medical student to a practicing doctor and the corresponding increase in hourly wage.

💡Entrepreneur

An entrepreneur is an individual who creates a new business, bearing the risks and benefits of its operation. The video discusses the concept that everyone is an entrepreneur in some form, as we all 'sell' our skills to the market. The speaker encourages embracing the entrepreneurial mindset to increase personal stock price and leverage, regardless of whether one is starting a business or working in a traditional job.

💡Copywriting

Copywriting is the craft of writing persuasive content, typically for advertising or sales. The video highlights copywriting as a high income skill because of its direct impact on conversion rates and thus, business revenue. The speaker provides an example of how improving a sales page's copy can significantly increase a business's annual income.

💡Web design

Web design involves creating and maintaining websites, requiring skills in both aesthetics and technical implementation. The video script mentions web design as a high income skill, especially when targeting businesses that need professional online presence. The speaker shares a personal anecdote of leveraging web design skills while studying medicine to earn a high income.

💡Software consultant

A software consultant is a professional who advises businesses on how to best utilize software to meet their needs. The video emphasizes the value of becoming proficient in specific software and offering consulting services to businesses that require guidance, which can command high fees due to the demand and the perceived complexity.

💡Guitar playing

While playing the guitar is presented as a generally low-income skill in the video, it is also used to illustrate the point that the value of a skill can vary greatly depending on the market and the buyer. Exceptional guitar players, for instance, can achieve high income levels through record deals or exceptional performances, though this requires a high degree of talent and luck.

💡Coding

Coding is the process of writing computer programs and is highlighted in the video as an exceptionally high income skill. The speaker notes the accessibility of learning to code through free resources and the high demand for coding skills in the tech industry. Coding also enables individuals to create their own products, as demonstrated by the example of Sahel, who built a successful software product.

💡Web hosting platform

A web hosting platform is a service that allows individuals and businesses to publish their websites on the internet. The video mentions Hostinger as an example of a web hosting company that provides an easy and affordable solution for those looking to build their online presence, including students and entrepreneurs starting their own websites.

💡Financial Freedom

Financial freedom refers to the state where one's income-generating assets and passive income are sufficient to cover living expenses without the need for active employment. The video concludes with a reference to financial freedom as a goal, suggesting that mastering the high income skills discussed can lead to a life where money is not a constraint on personal choices and aspirations.

Highlights

The speaker learned high-income skills over 12 years that enabled personal earnings of millions of dollars on the internet.

Started a business while studying medicine to help people get into med school, which later expanded into multiple businesses and a YouTube channel.

The concept of a 'personal stock price' is introduced, representing an individual's worth to the market in a capitalist society.

High-income skills are those that increase one's personal stock price in the market.

The speaker emphasizes that everyone is an entrepreneur, selling their skills to the market, even if it's to one employer.

Skills can be categorized as low or high-income based on their market value and demand.

The importance of selling high-income skills to businesses rather than consumers is discussed due to businesses having more money to spend.

Being a software consultant for businesses is highlighted as a high-income skill, with the example of a team member earning significant income from consulting on Notion.

Copywriting is identified as a high-income skill due to its impact on sales conversion rates and the potential to significantly increase a business's revenue.

Ghostwriting as a high-income writing skill is mentioned, with resources available to learn this skill.

Design skills, particularly for businesses, are positioned as valuable and high-income due to the constant demand for design assets in the business world.

Web design and development are presented as high-income skills due to the necessity of websites for businesses and the ability to charge premium prices.

Coding is discussed as an accessible and high-income skill with numerous resources available for learning and high demand in the job market.

The potential to create one's own products using coding skills is highlighted, with an example of a friend who built a software product generating significant monthly income.

Indie hackers is recommended as a resource for inspiration on building profitable software products.

The video concludes with advice for those seeking financial freedom, encouraging viewers to consider the high-income skills discussed.

Transcripts

okay so over the last 12 years since I

first became a student I learned loads

of high income skills that have helped

me personally make millions of dollars

on the internet while I was at

University studying medicine I started

my own business helping people get into

med school and then I went on to start

this YouTube channel which led to me

starting lots of other businesses and

now I'm in the ridiculously privileged

position to be making life-changing

amounts of money every year and I have

quite a good understanding of what

skills I would recommend to my former

self if he wanted to make that sort of

money at some point so in this video I

want to break down five high income

skills with examples of other people who

literally doing this that you can

hopefully use to get inspired to learn

one of them yourself and make some money

either while you're a student or further

down the line and if you happen to be

new to the channel then hello my name is

Ali I'm a doctor turned entrepreneur and

I'm also the author of The New York

Times bestselling book Feelgood

productivity which is about how to be

more productive in a way that's actually

enjoyable meaningful and sustainable and

I've been making videos on this channel

for the last 7 years documenting my

journey from Brook medical student to

entrepreneur to author and I've

documented and shared all of the

learnings and failures and experiences

along the way and so I'm hoping that

you'll get some value out of this video

and if you're new to the channel you

might like to consider subscribing as

well okay so before we get into the

specific skills I want to zoom out a

little bit and talk through how I would

think about making money like what's the

philosophy of actually making money if

for example you're a student and you

want to actually make money someday so

here's kind of how I think about it

let's say you are a student this was for

example me when I was a 19yearold

medical student and the thing is it's

sort of like in in the world of

capitalism that we live in today

everyone has above their head a personal

stock price this is essentially your

Worth to the market I don't like the

system any more than you do I think this

is this is this is a bad system it's

just unfortunately the world that we

live in and so if we want to thrive in

the world that we live in we want to

appreciate that this is the thing

everyone that you meet has above them a

personal stock price it's like how every

company has a particular value now back

when I was a medical student um my

personal stock price was Zero no one was

going to hire me to do anything in fact

maybe they would have done maybe you

know when I was a medical student I was

able to earn

$450 an hour £450 an

hour uh by working at the local library

when I graduated medical school and

started working as a doctor suddenly my

personal stock price became around about

£450 per hour that's how much doctors

earn in the UK when you are just

starting out that's how much residents

earn in the US when you're just starting

out this is the personal stock price now

let's say if you're a student and you

have high income skills essentially

those skills are skills that increase

your personal stock price so let's say

you know you might have a student next

to you whose personal stock price is £50

an hour or it might be £100 an hour or

it might even be 500 an hour or it might

be whatever the thing is this is how

much that particular person can command

in the marketplace of Commerce okay so

that's thing number one that we want to

appreciate thing number two that we want

to appreciate is that you know a lot of

students sometimes I'll give talks uh at

universities and things and you know

I'll I'll put out a question to the

audience and I'll kind of ask um who

here wants to be an entrepreneur and

depending on the crowd like if I'm

speaking to I don't know like finance

and tech people every wants to be an

entrepreneur if I'm speaking to medical

students almost no one puts the hand up

in saying that they want to be an

entrepreneur or they want to run their

own business which is totally fine

because obviously medical students

normally want to become doctors that's

not the same as running your own

business but the thing that I would say

is that everyone is already an

entrepreneur you already run your own

business even me back when I was a

medical student and back when I was

working full-time as a doctor I was

actually running my own business it was

just that my business was hired out to

one employer which was the National

Health Service here in the UK and the

rate that I was charging my employer was

£450 per hour so it's like I've got one

client in my business that client is my

employer and the rate the amount of

money my business is worth is £450 an

hour and in a way we are all

entrepreneurs because we are all selling

ourselves in some way to the market you

might not like to think of your job as

selling yourself to the market but in

unfortunately the capitalist world that

we live in you are in fact selling

yourself to the market so you are

already an entrepreneur and you have a

person your your business the business

of you has a stock price in the same way

that Apple has a stock price Apple is a

business it has a stock price you as an

individual are a business and you also

have a stock price so knowing that this

is the the state of the world that we

live in essentially how do you make that

number go up how do you increase your

personal stock price price how do you

get more leverage how do you make it so

that you know your one employer your one

client isn't only paying you £450 an

hour what if this client decides to fire

you what if you you know get laid off

from your job as a lot of people did

during the pandemic uh-oh now your

business has zero clients and now you're

not making any money this is potentially

bad because you've got bills and stuff

to pay what if the next job you could

only get was maybe similar price5 an

hour that's not a very good living that

you can make essentially you're an

entrepreneur you have your own business

is the business of you and that business

has a personal St price and the value of

this essentially correlates with your

skills the more skills you have that are

correlated with making money the more

your personal stock price is going to go

up now there are a whole host of skills

that will increase your Worth to the

marketplace but there are also a whole

host of skills that will not increase

your Worth to the marketplace again for

the record I don't like the system

anymore than you do but we're kind of

stuck with it because it's a system that

we have right now and so we can kind of

think of these skills as low-income

skills and high income skills so if for

example you are in the UK being a doctor

is unfortunately a low income skill

that's being a junior doctor for

example if however you train for 15

years to become a

neurosurgeon being a neurosurgeon is a

high income skill which in the UK would

maybe make you I don't know 300K if you

do private practice and maybe 100K if

you don't do private practice if you're

in the US that's worth over a million

dollars a year it's a very high income

skill neuros surgeon as a skill has a

different value depending on which

Market you're in in the US which is a

private healthcare system it has got a

way higher value than in the UK which is

a state funded Healthcare System this is

one example what else are skills well

you know playing a

guitar is unfortunately a low income

skill unless you are literally the best

in the world I mean if you're the best

in the world at anything it sort of

becomes a high income skill but you know

that's aside but you know being able to

play the guitar broadly a low- income

skill being able to code an app is a

very high income skill being able to

write an academic essay is unfortunately

a low-income skill it does not pay very

much in terms of the marketplace that we

currently live in however being able to

write a sales page or a letter is a very

high income skill this is called

copywriting this is if you were for

example to take the skills of academic

essay writing and apply them to

persuasive writing you know the person

who writes what's on the Apple iPad

homepage that tries to convince people

to buy an iPad that is that person is

paid a lot of money because that is a

very high income skill that translates

to a lot of money in the marketplace at

University you learn a lot of low-income

skills unfortunately and most University

degrees and most school systems do not

actually teach you high income skills a

lot of high- income skills are things

that don't sound particularly sexy and

things that you often have to learn on

your own now one of the skills that

we're going to be talking about later in

this video is webd design and for that

you're going to need a web hosting

platform which is where hostinger comes

in who are very kindly sponsoring this

video now hostinger is where I

personally host my own website Ali ABD

dal.com which gets lots and lots of hits

every week and every month so you can

check that out if you like and actually

hosting it is the world's fastest

growing web hosting company it is

incredibly easy to use and it's also

very affordable so if you click on the

link in the video description then you

can sign up and you can start building

your own website completely from scratch

without actually having any coding or

web design skills for most people

looking to create a personal website the

Premium plan is probably the best option

and that starts at under $3 per month

and with that you'll get a completely

free domain name you also get free email

addresses to use and the Premium plan

actually supports up to 100 websites

that are all kept really secure online

it also has built-in AI tools that you

can use to make the whole website buil

building process even faster so for

example the AI website builder creates a

unique website after you've just

answered three questions and then you

can customize that website that they've

created for you super easily with their

drag and drop editing features that are

really cool I genuinely think that

everyone has at least something that

they can share and talk about online so

I definitely encourage you to think

about creating your own personal website

and I would 100% recommend trying out

hostinger if you're not sure where to

start the Premium plan is just one

option so do be sure to check out the

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right one for you for example their

business plan has e-commerce features if

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and it's got a bunch more AI tools like

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is a link to sign up down in the video

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abdal I check out you will get an extra

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much hostinger for sponsoring this video

okay so the final thing to keep in mind

in this entire equation is that the

value of a skill does somewhat depend on

who is buying that skill so for example

let's say you're just really really

really good at the guitar now the guitar

is normally a low-income skill because

normally the people who buy the skill of

being really good at the guitar are

parents who want their kid to learn the

guitar you could be a guitar teacher and

now your amazing guitar playing skills

are not worth very much because you're

teaching guitar to kids for example or

you could be an amazing guitar player

and if the person buying that skill

happens to be a music record company and

they're giving you a record deal for

being able to play finger style guitar

like an absolute Legend suddenly that

skill has become a high income skill we

kind of want to keep keep in mind the

fact that like a lot of people try and

make money from playing music most

people don't make very much money from

doing it so it's a lot harder to sell

that skill to music record labels purely

because of you know the laws of supply

and demand and so in that sense playing

the guitar is normally a low-income

skill but with a lot of luck and the

right circumstances and if you're

absolutely freaking amazing it can

become a high income skill those are not

the sorts of skills I want to talk about

in this video I don't want to talk about

skills that are only High income if you

get really lucky because then you get

rich but you have to be really lucky I

want to talk about skills that are high

income that broadly will increase your

personal stock price your your your

Worth to the marketplace without you

having to be literally the best in the

world at it and without you having to be

super super lucky or super super well

connected okay final piece of the puzzle

before we move on is this it's really

really important to appreciate that

there are two different types of

businesses you can sell to Consumers I.E

normal people or you can sell to

businesses so for example if we use a

guitar teacher example again you know

trying to teach guitar lessons to normal

people is selling to Consumers but if

for example trying to get a a record

deal with Sony is selling your skill to

a business trying to be a writer where

you say to your friends hey I'll write

letters to your grandparents for you or

something dumb like that is trying to

sell to Consumers trying to be a writer

but selling your writing services to

businesses by saying you'll do

copywriting for their social media for

their sales pages that is selling to

businesses and

generally we do not want to be trying to

sell to Consumers if there was just one

thing that I could get into the minds of

everyone trying to start businesses is

that it is so much easier to make money

when you think about what is your worth

what are your skills that you can sell

to a business rather than what are

what's the value of your skills to a

normal person like you and your friends

and stuff so all of these high income

skills we're going to be talking about

are going to be trying to sell to

businesses because businesses have lots

and lots of money to spend and the Way

businesses value money is very very

different to how consumers value money

okay so with all of that in mind these

are the five skills we're going to be

talking about and there will be time

stamps in the video description so do

please skip around if you feel like it

but one thing I would say is like you

might be like oh you know three design I

don't need to think about that like

throughout as I talk about these

different high high income skills I'm

going to be sharing literal real life

examples of people who have made money

using these skills and so even if right

now you might be thinking I suck at Arts

I'll never be a designer or I don't know

I hate the idea of learning to code it's

like okay but I would still recommend

you potentially watch the video because

a it juices my watch time uh but more

importantly by seeing the examples and

seeing kind of how different people are

actually making money it just gives you

a bit of a firmware update in your own

mind it helps you appreciate oh this is

how you actually make money this is how

you increase your personal stock price

all right so high income skill number

one is being a software consultant for

businesses now this sounds boring but

it's really not this is super super cool

basically businesses all use different

software and often businesses are run

and manned by people who are way less

techsavvy than you are as a student

you're a student so you have grown up on

the internet and you know how to use

software hopefully for example you might

be familiar with the app notion I've

made dozens of videos about notion you

might be using notion at school you

might know people use notion notion is

an app that a lot of students will use

for their personal life but actually

notion is also an app that a lot of

businesses including mine use to manage

their business operations and so if you

can get good at using that software you

can become a consultant where you help

businesses you train them in how to use

the software it's sounds dumb it sounds

like surely like you figured out notion

on your own and you didn't need to hire

an expert to teach you how to use notion

obviously because you're a kid and kids

are more you know have more initiative

than people in their 30s 40s and 50s who

broadly are the people who are working

and running businesses it sounds dumb

but actually businesses will hire a lot

of Consultants to teach them basic stuff

that they could just teach themselves

based on the internet the reason they do

that is because business owners don't

have time I am now a business owner I

know how to learn stuff on the internet

I could teach myself any skill I want to

because I've been doing this for

like 15 years and I know how to use

computers and I could teach myself

anything I want but at this point in my

life it's just not worth my own time to

teach myself the skill I would pay $500

an hour to hire someone to teach the

skill to me because my time is worth

more than $500 an hour and so you might

think that businesses are being dumb and

some of them is like yeah they're not

very text heavy and they just sort of

want some handholding and that's okay

but actually it's worth appreciating

that a business will pay to learn

something that you as an individual can

absolutely just teach yourself so I'm

going to use an example of one of my own

team members her name is Molina she's

currently our head of social media and

when Molina was at University she

basically just graduate Molina how old

are you I'm 23 now Molina is 23 now but

when she was at University she was

working as a notion consultant for

businesses and this is what her proposal

to businesses would look like so this is

in Spanish because she was working with

clients in South America but you can see

this is pretty nice you know she's

charging $300 for a 90minut zoom session

teaching a company how to use notion

she's charging $11,000 for four sessions

and she's even said 20% off if you buy

four sessions that are 90 minutes each

it's $800 that's a pretty high income

skill that's more money than fully

qualified trained consultants in the UK

who are doctors with 15 years of

experience and Molina was doing this

doing notion Consulting when she was

like 18 19 years old at University I've

just actually been informed that Molina

was 2122 when she did this but like same

the same kind of idea you get it like

there's no there's really no difference

between an 18-year-old and a 22-year-old

don't tell anyone I said that the other

thing that's interesting about this

proposal is look at the team spaces on

the side General engineering design

design product marketing operations HR

and legal Molina has deliberate like I

guarantee you as a student those are not

the categories on your sidebar in the

notion page it might be work and home

and essays and assignments but a

business has engineering design product

marketing operations HR illegal and the

fact that Molina has put those specific

things in the sidebar of her little

proposal means that she's really really

appealing to businesses a normal person

is not going to pay someone $800 for

four sessions teaching them how to use

notion but a business

I like I would pay that in an absolute

heartbeat I think it's an absolute steal

it's worth pointing out here that the

way Molina learned notion was not by

taking classes on how to use notion it

was by unsurprisingly watching YouTube

videos you're a student you know how to

learn by watching stuff on the

internet Molina learned how to use

notion by watching a few YouTube videos

she made her own notion workspace she

got familiar with using the software and

then realized huh I've got this skill of

using this piece of software I know

businesses use the skill great anytime

businesses do anything you know you can

charge them quite a lot of money for

teaching them how to do the thing or

helping them improve the way that they

already do the thing Okay so we've

talked about notion but actually there's

dozens and dozens hundreds thousands of

other software that businesses use some

of the software that we use is for

example convertkit HubSpot we've daed

with assana we use help Scout we use

QuickBooks we use kajabi to host some of

our courses we use web flow we use

framer some of the time there there's so

much software out there that businesses

use and if as a student you can teach

yourself to use that particular piece of

software you can then become a

consultant for that software for

business in your local area or

businesses online and a lot of this

software to be honest is probably not

things you're going to need as a student

HubSpot is a CRM as a student you

probably don't even know what CRM means

it's basically a massive database that

businesses use to keep all of their

contacts and so they can figure out okay

this person is at this company and we

need to sell to them in this way so like

you as an individual have no reason to

learn how to use HubSpot but if you do

and you get good at it CU it's not hard

and there's like loads of tutorials on

the internet and stuff you can then

become a HubSpot consultant for

businesses the other really nice thing

about this and which is why it's such a

high- income skill is that by doing

consulting for businesses you actually

learn so much you're basically creating

your own business where you're doing

consulting for other businesses so you

learn how to price your services you

learn how to sell them you learn how to

persuade someone over a zoom call or

over the phone or over an inperson

meeting to part with their money to give

you the services you learn how to

fulfill on that particular order you

learn the language of business you learn

how to speak to entrepreneurs you learn

how to speak in terms of return on

investment none of this is stuff that

they will teach you at University even

if you do an MBA I have a lots of

friends who've done mbas they don't

learn this stuff either you only learn

this stuff by doing it which is why when

you're a student and you try and become

a software consultant for other

businesses I guarantee it will be one of

the highest income skills you could

possibly learn oh by the way if you're

enjoying this video you might like to

check out Sunday Snippets which is my

completely free email newsletter where

every Sunday I send a little email

sharing some of the stuff that I'm

learning in real time along this

entrepreneurial journey I share insights

from the books that I've read or

conversations I've had with other

entrepreneurs so if if you're interested

in this making money stuff I think

you'll really get a lot of value from

this newsletter you can check it out Ali

abdal .com/srobiyt

a good copywritten sales page and a bad

copywritten sales page might just be a

few percentage points of conversion so

okay going to dive into another sort of

business class here essentially let's

say you've got a website this is the

website and let's say at the bottom of

the website there is a buy now button

and then you know the website has stuff

on it maybe there's some pictures and

stuff so let's use the example of my own

course uh parttime YouTuber Academy

where that button is for I think 997

obviously it has to end in a 7even cuz

you know whatever so anytime someone

goes through this page and clicks buy I

am earning or my business is earning

$997 now the conversion rate on our

sales page is currently

0.5% or something like that that means

of every 200 people that visit we get

one sale great so every time 200 people

visit the thing on average 0.5% will

convert I.E will buy the 997 product so

we make

$997 for every 200 visitors we get on

the website now there are some people

who have sales page where the conversion

rate is 1% or even 2% or even I've heard

people who have a 4% conversion rate so

what would it look like if we managed to

increase our conversion rate from 0.5%

to 2% you know that what that would look

like is for 200 people we now get four

sales it doesn't seem like a lot but now

200 people is making us $4,000 rather

than

$1,000 there is a big difference between

$1,000 and $4,000 now in our case our

parttime YouTuber Academy course makes

over just over a million dollars a year

or something like that with a 0.5%

conversion rate if someone were to

copyright our landing page our sales

page and if we were to Able if we were

able to increase that conversion rate to

just 2% from 0.5 to 2% instead of it

being a $1 million a year business it

would be a $4 million a year business

and what is the difference between a

0.5% and a 2% conversion rate it is

copywriting if the sales page is a

little bit more persuasive it increases

this conversion rate and you don't have

to increase this conversion rate by much

to make a massive difference to the top

and bottom line of a business which is

why copywriting is a very very very high

income skill it's not that hard to learn

there are books that talk about it

copywriting Secrets by Jim Edwards is my

personal favorite there are loads of

books about it loads of YouTube videos

about it this guy Cardinal Mason has a

YouTube channel where he talks about how

he makes money as a copywriter he's a

little bit Guru with his stuff but the

stuff is genuinely very good he does

screen recording e type videos where he

he'll literally show you his screen as

he's writing an email that's making

thousands of dollars and it's just super

cool to see the genuine behind the

scenes of this sort of stuff but

hopefully you can appreciate with this

example if a if we were to hire a good

copywriter which we now have um are you

know we'd be able to add $3

million directly to the bottom line of

our business that is huge obviously we

wouldn't pay a copyright of $3 million

but like if someone were able to say hey

your conversion rate is currently 0.5% I

guaranteed to get it to at least 2% and

I just want 10% and be like of course

I'd be making an extra $3 million and

that person would be making

$300,000 the 10% of you know the

difference just by copywriting our sales

page it's a very very very high income

skill so copywriting is one high income

skill that you can use for writers the

other one is Ghost writing two friends

of mine Dicky Bush and Nicholas Cole

have an online course and a YouTube

channel where they teach you how to do

ghost writing to make loads of money

from it and I've actually got three

interviews with them on my podcast

Channel I will link them down below and

maybe up there so if you're interested

in ghost writing as very high income

writing skill you should check out those

interviews and they give you the whole

road map of how to make money as a ghost

writer all right High income skill

number three is to be a designer now

this could be a web designer or it could

be a general graphic designer because

again we're thinking about selling to

businesses so what what kind of design

skills do businesses need your mind

might come to okay well they need a

design for the website yeah they do and

if they make apps then they need some

sort of designs for the apps yes they do

but there's also loads More Design

assets that businesses need and pay for

for example I've paid a lot of money for

my YouTube Banner that's a design asset

if businesses post Instagram carousels

those are design assets businesses

create ads that they put on billboards

and on social media and stuff those

require design assets I know a lot of

entrepreneurs business owners at this

point and one of the common things we

all lament is how hard it is to find

good designers my brother runs a startup

um it's called coal you can check it out

and they hired a designer and I think

they were looking to pay them

$400,000 a year and and I was like

surely you can find someone 400k and he

was like yeah no it's still really hard

finding good designers I like huh that's

interesting in their case they were

looking for product designer someone who

could actually you know design the the

user interface and the user experience

of a product but even outside of that

like finding a really good designer is

kind of hard to come by and so it

becomes a very high value skill because

design in some capacity is a skill that

basically every business needs and most

businesses if if if a business is like

under about 20 30 people they probably

can't afford to have a fulltime designer

on the team and so what they'll do is

that they'll contract workout to

freelance designers and you could be one

of those even if you're a student now

incidentally and you might not know this

um being a designer was actually my

highest income skill back when I was at

medical school cuz I was working as a

freelance designer for various medical

tech companies there were these

companies that wanted to design like

medical Tech products and I knew how to

do web design and product design and I

taught myself app design by watching

some YouTube videos about it and so I

was being paid 100 an hour to do

freelance app design and web design for

these med tech companies and I targeted

med tech companies because I was a

medical student so who do you think

they'd want to work with more would they

want to work with a random designer that

doesn't know anything about medicine or

would they hire someone who's literally

a medical student who understands

medical stuff and is also a designer on

the side they probably go with a person

who has a little bit of Industry

experience and so it was fairly easy for

me to get those gigs had I tried to

email apple and say hey let me be a

designer for you guys obviously they

won't even reply to me but I wasn't

trying to Target the apples of the world

cuz that would just be dumb I was

targeting targeting is a weird way to

say it but I was reaching out to people

I knew through my network and doctors in

my hospital and stuff when I would find

that they were working on some sort of

med tech product which often well not

often but like quite a lot of them were

now if you're looking for resources to

how to learn design as a skill I would

recommend the YouTube channel for Abby

conic she is a fulltime graphic and

brand designer she didn't go to

university she taught herself the skills

she was working at this Resort company

for four years and she got lots of

experience built a portfolio and how she

does YouTube videos and stuff where she

teaches people how to become designers

so if you're interested in that if you

if you feel like you have a reasonable

aesthetic sense and you might want to

learn how to use figma and canva and

Photoshop and stuff those are very very

high income skills provided you're

selling them to the right business all

right High income skill number four is

being a website builder now this didn't

used to be a high income skill back in

like 2008 2009 when I first started

dabbling with web design being a web

designer or a web developer was actually

a fairly low-income skill probably I was

targeting the wrong clients cuz as I

think about it I was Dumb and I was

advertising myself on freelance websites

which means I was finding people and

business businesses who were trying to

get people for like $5 $10 and so I was

charging $5 $10 for website design

that's not how I would go about it if I

was a little bit more intelligent being

a web designer again what does every

business need every business needs a

website so it's similar to The Graphic

Design stuff but being a web designer

and developer if you can do both of

those things you are a bit of a unicorn

a bit of a diamond in the rough now if

you've seen my videos before you might

have heard me mention who a guy who is

now a friend of mine his name is Henry

Henry taught himself web design a couple

of years ago in about six months and

decided to go all in on being a webflow

designer and a developer webflow is an

app an online software thing that lets

you build websites it's like way more

involved than something like Squarespace

um but there's loads of tutorials on how

to use webflow another example of a good

tool is framer if you are a very good

framer designer you can probably make

loads of money and you can of course

host your website on hostinger as I

mentioned earlier so Henry taught

himself web design by basically

following YouTube tutorials and

tinkering around for about 6 months and

then he was able to charge thousands to

tens of thousands of dollars to

businesses to design websites for them

Henry is also very good so he designed

the website for my book fgood

productivity.com and I think we paid him

$115,000 for that pretty high income

skill he's also designed some of the

sales Pages for our productivity lab

again I think we paid him $10,000 for

that sounds like a lot but as a business

that's doing multiple seven figures a

year in revenue and profit to me 10

grand is nothing 15 grand is nothing the

fact if we can get extra extra sales of

the book and it only costs 15 grand it's

like wow what a bargain if we can boost

our conversion rate for a productivity

Lab sales Page by just a few percentage

points or whatever or even a few

decimals of a percentage Point 15 grand

10 grand is absolutely nothing this is

the sort of mindset that businesses are

in if you target the right sort of

business yes if you target your local

coffee shop that's making no money it's

a different sort of a different sort of

equation but if you're targeting

businesses that are sort of the 1 to10

to $20 million a year range again it

might seem like a lot but there are

actually quite a lot of businesses that

are in that category if you target those

sorts of businesses then again web

design becomes a very high income skill

all right the fifth High income skill

that we're going to talk about is coding

if you're watching this and you're not a

massive nerd you might be thinking H

coding people have talked about it I

don't want to learn to code it's hard

I'm not mathematically inclined it's

like okay but like there are a lot of

people who are not nerds who are good at

coding coding is actually surprisingly

accessible as a skill to learn there are

loads of completely free YouTube

tutorials that teach you the basics of

learning how to code this the fact that

you can use AI tools like GitHub

co-pilot and GPT and stuff to help you

out while you're coding is also

phenomenally gamechanging us-based tech

companies are paying like $400,000

starting salaries for coders which is

insane um you know depending on levels

of experience all all that kind of stuff

everyone I know who taught themselves

coding and got a job in that field is

earning at least six figures a year

basically straight out of University

because there's always a demand for good

coders out there but you also don't have

to use coding as a skill that you can

sell to other businesses you can use

coding as a skill to create your own

products as well now the example I want

to give here is a friend of mine Sahel

um Sahel learned how to code by

essentially teaching himself and he

built a product called fire cut which is

like an AI tool that helps video editors

he's a friend of mine so we sort of

partnered on it and I drove some traffic

to the thing but from essentially from

quitting his day job a few months a well

like N9 months ago he like last time I

checked he was earning

$35,000 a month from the software that

he built himself it's it's hard to

overstate just how amazing coding as a

skill is because now whenever you have

an idea for anything that involves a

computer or a phone or the internet

which is basically almost every sensible

business idea these days as soon as you

have that idea if you know how to code

you can see the process of what it would

take to actually build it and anyone can

build any kind of app any kind of

website you've got AI to help you you

can charge money for it you could be a

13-year-old kid in Pakistan you could

learn how to code you could build some

sort of app and if that app is good and

you find a way to get leads and traffic

to the app you could literally make

thousands if not tens of thousands if

not hundreds of thousands of dollars a

month

by just the fact that you've built this

tool which people enjoy using now a

great resource for this is the website

Indie hackers I was big into coding back

in the day before I switched to this

YouTube entrepreneur life I read every

single blog post on their website the

whole idea behind Indie hackers is that

they're interviewing individuals who

basically coded cool from their

bedrooms and then used that to make

stupid amounts of money it's insane it's

super inspiring and the more of these

stories you read and listen to the more

you realize oh actually this is not so

bad I could probably teach myself this

thing and then you can start having

ideas for different cool stuff that you

can build all right so if you've gotten

to this point in the video then there is

a pretty high chance that you are on the

path to Financial Freedom where you

would love to live a life where you can

basically do what you want without

having to worry about money and if

you're interested I've got a video over

here which is my honest advice for

someone who's seeking Financial Freedom

so check that out if you like thank you

very much for watching and I'll see you

next time bye