Most people get frustrated with low earnings because they don’t understand the direct correlational relationship between income and value. As your value increases your income should directly increase, but with some specific features. Thread on growing income:
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A fiction author solves a small problem (boredom) for a lot of people, but needs to get visibility from tons of people to collect all their small payments. They also need to provide a quality product worth paying for. They hire a marketing group to run ads to find more readers.
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If you’re frustrated with low income, you need to ask yourself what problems you’re solving, what your audience is, how much they can pay you, and how urgent your problem is to demand higher payment. Unskilled labor has no leverage. Skilled labor has leverage.
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Start looking at the world around you as a series of problems people face. Ask who’s solving those problems. Look for problems that aren’t being solved, niches where you could step in and earn. And question how much you’re paying others for what solutions they’re providing.
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When you understand value in these terms you can grow your income. Find people to teach you urgently-needed skills to solve problems. This is what college and coaching and training programs are supposed to do. (College has stopped returning investment in many fields).
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What value do you provide and to whom? How urgent is your solution you’re providing right now? What talents or skills do you possess and who would pay you to use those to solve their problems? Who can help you reach a wider audience in exchange for some of that value?
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End of conversation
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