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How can I make a lot of money, travel the world, work as much or as little as I want,
all while doing something that I actually enjoy?
Improvement Pill that's impossible.
Only the extremely lucky and the incredibly hard working people can accomplish this dream.
Look this might have been the case hundreds of years ago or even a couple of decades ago,
but we now live in an age where you can actually pull this off.
Yes, YOU.
You see it all around you, there's tons of people starting websites, channels, twitch
streams, blogs, you name it and they're making a living out of it.
So today I'm going to break down all of the steps and show you exactly how to do just
this.
No nonsense, no fluff.
This video will actually teach you how to pull this off.
For the purposes of this video I'm going to assume that you already have a hobby, a passion,
a craft in mind.
If you don't that's a whole nother problem and you should definitely check out my video
on how to find a passion which I will link to in the description box below.
But for now, I'm going to assume that you already have one.
The first step is to get decent.
Emphasis on the word decent.
you don't have to become great at what you do.
you just have to be somewhat good.
Let me explain.
A lot of people think that in order to make money doing what you love, you have to be
the best of the best.
You have to be in the top .01% of dancers to make it to broadway or start your own dance
camp.
You have to be in the top .01% of painters to be able to hold galleries and sell paintings.
And that's far from the truth.
See you don't need to have to be better than 99.99% of people in order to make money.
You just have to be in the top 30%.
And that's way easier than you think it is.
Imagine that this chart represents everyone who likes art (drawing, painting, etc)
There's going to be a large chunk of people who are interested in art but have never tried
it out.
They may have just found about their love for art, they might just watch videos of people
drawing, but never practice it themselves.
They have 0 hours of practice and They make up about 20% of all the people who like art.
The next group of people is the largest.
They are what I like to call the Newbies.
This group is made up of people who have just started getting into the hobby, or maybe were
dedicated for a while but somehow lost their motivation.
They have less than 100 hours of total practice.
And they make up about 50% of all the people who are interested in this craft.
The next group of people is what I like to call the Amateurs.
They've logged anywhere between 100-500 hours of practice.
From the outside people consider them to be pretty good at what they do.
And They make up about 25% of the population.
Above them are the Veterans.
They've logged anywhere from 500-2000 hours of practice.
They are considered to be very good and very talented.
Some of them are able to make some money with their skills, but very few actually make a
living.
They make up about 4% of the group.
Next are the experts.
They have anywhere between 2000-5000 hours of practice.
Here's where most people think you have to be in order to make a living.
These guys make up only .99% of the people who are interested in a craft.
And finally we have the masters.
These guys are rare.
They've dedicated their life to their craft and have accumulated more than 10,000 of deliberate
practice.
They get paid very well for the most part and it's because they're so good that everyone
recognizes their talent.
They make up .01% of the people who are interested in art.
The misconception that the majority of us has is that we have to be either an expert
or a master in order to make a living doing what we like.
The truth is it's entirely possible to make a living as long as you reach the Amateur
level.
So all you're going to need at least 100 hours of deliberate practice in order to pull this
off.
Right, it's not that much.
Now I want to clarify what I mean by deliberate practice.
Deliberate practice is when you actively push your boundaries.
When you try to do something in your craft that you haven't done before.
Something slightly harder than you normally do.
And it's incredible what you can accomplish with just short amounts of deliberate practice.
For example there's a guy on youtube called Mike Boyd where he challenges himself to learn
what are considered to be hard things.
He sits down and practices whatever he's trying to accomplish nonstop deliberately until he
pulls it off.
And the results are mind-blowing.
He learned how to juggle in 3 hours and he learned how to ride a unicycle in just 2 and
a half hours.
Is he a genius?
By no means.
He's just an average guy who sits down and deliberately practices things.
The reason you need to get to the Amateur level is because anyone who is under you in
terms of skill will look up to you for advice and guidance.
You'll be able to tap into a large market.
70% of the population with only 100 hours of deliberate practice.
This leads us to step number 2.
Figuring out how you can provide value
Value is an interesting concept.
It's sort of hard to explain and it deserves a video on it's own.
But for now just keep in mind that Anything that can make people happier has value.
And Anything that has value can be exchanged for
money because money is simply a piece of paper that has value.
There are many ways to provide value but I'm going to show you the 2 most profitable ways
as they are responsible for the majority of the money you can make following your passion.
The first of the two is:
1.
Entertainment Value – When you entertain people you are making them feel a bit happier
which in turn means you are creating value for them.
This is why things like netflix and youtube do so well.
Because people want to be entertained.
Common forms of entertainment content are challenges, documentation, and comedy.
Challenges are when you create a sort of game with certain rules you have to abide by.
For example, if your craft is art then you can create a video about “drawing challenge
- using only crayola crayons”.
People like watching challenge content because they want to see what you can accomplish with
certain rules in place.
Documentation is when you document your journey whether it be getting better at your craft,
or even your day to day life working on your craft.
If you're craft is taking pictures you can create content how you get your shots.
Show us the journey you take every time you go out and take photos.
Write about the places you've gone, the people you've met, and the story behind every picture.
Comedy is a bit harder to explain, but it's when you add your own sense of humor and pack
it along with your craft.
It doesn't really matter what you think is funny because there's bound to be someone
on the internet who also enjoys your sense of humor.
A good example of this is Domics, an animator who likes to tells stories with his own touch
of humor injected in every video.
The 2nd most common way of providing value is through educational value.
When you teach people how to do something you are teaching them something that will
make them happier.
Educational content is very straightforward.
Just teach from your experience.
Going back to our example of drawing, you could make videos showing people how to draw
hands.
If your platform of choice is a blog then you could create a blog post talking about
the same subject.
In order to create educational value you have to know what you're talking about.
If you're not at least somewhat decent at what you do then people will not listen to
your advice.
This is the reason why I said you have to be at least an Amateur in your craft of choice.
Because then you'll be better than 70% of people, which means you will be able to create
educational content that 70% of people who are interested in your craft will be willing
to consume.
Now that we know we have to get decent and have to create some sort of value the next
step is what people consider to be the hardest.
It's to gain an audience.
In order to make a living you need to have people who are willing to give you money.
This is a rule of life.
Any business that makes money needs to have traffic.
So how can we attract people to us?
for entertainment content you have to make content that's either never been done before,
or a spin on something that already works.
It's actually not a bad idea to copy an idea that already works for someone else and add
a spin to it.
For example my channel was actually inspired by Fight Mediocrity, same format, same animation
style, but he focused solely on book summaries.
I decided to speak about more general concepts while using the same format he does.
I copied something that already works, but I threw a spin on it and because of that I
was able to gain followers.
It's much easier to gain an audience for educational content.
Simply create videos around questions you know people have.
You can do this easily by going on google keyword planner, typing in a keyword (something
that's related to your craft) and voila all of a sudden you know exactly what people are
searching for online.
Simply make a video about this subject, title it the same exact way, and you will get views.
Now, I do want to clarify something.
You don't need hundreds of thousands of followers in order to make a living doing what you love.
There's an economic rule called the 100 true fan rule.
Basically, If you can get an audience of at least 100 people who are extremely passionate
about your content.
They watch every video, they read every blog post, they look at all of your pictures – then
you will be able to make a full living doing whatever it is that you love.
And this brings us to final step which is to Monetize.
As you get better and better at your craft as you create more and more content you will
start to gain an audience.
Every couple hundred or couple thousands of views will net you 1 true fan.
Now you need to provide them with something worth while that they can purchase.
You must monetize.
There are 3 very effective ways you can do this.
The first is by selling merchandise.
Hats, shirts, posters, you name it.
There's not much to say here, if you have true fans they're going to want to represent
what you stand for by wearing your merchandise.
You can make a decent sum of money doing this but you will have to design the products and
set up a store.
The next way to monetize is through what's called affiliate marketing.
Basically suggesting someone elses product and getting a cut of the profit.
Since you've already established a relationship with your true fan, they like what you do,
they like your content – they're going to be more prone to listening to your suggestions.
So if your craft is bodybuilding and you tell your true fans that you're favorite protein
shake is Golden Protein and it's what you been using for 5 years then they're going
to want to get their hands on Golden Protein.
You can make a lot of money this way by simply suggesting them to try out other products.
The final way you can monetize your audience is through info-products and services.
Things like selling courses and offering coaching.
Self-explanatory – if you are decent at your craft you become qualified to teach anyone
who is under you how to get to the point you are at right now.
These products can sell for a lot but also take up a lot of time to make and manage.
So to sum it all up you have to
1.
Get decent at your craft (which requires anywhere from 100-500 hours of deliberate practice
depending on what your craft is) 2.
Figure out a way to provide value (via entertainment or educational content although it's best
in my opinion to try to do both) 3.
Gain an audience by continuing to create content 4.
Monetize
I've laid out the entire blueprint for you, so if you want to live this lifestyle – you
know exactly what to do.
You can start by getting good at whatever craft you're interested in which brings me
to the guys who've made this episode possible – Skillshare.
Skillshare has over 17,000 unique videos teaching you about hundreds of different topics.
Including things like photography, drawing, productivity, business, and much much more.
Each of these videos are taught by experts who are considered to be very good at what
they do.
Personally, I've been interested in learning more about videography.
My goal is to eventually create better videos for you guys in the future and these video
editing classes are teaching me what I need in order to reach that goal.
These lessons do a great job pushing me outside of my comfort zone which allows me to get
a lot of deliberate practice.
For those of you that want to make a living doing what you love I highly recommend checking
out skillshare using the link in the description box below.
The first 350 people will get 2 months of learning for just 99 cents.
After that it's only 10$ a month which is super affordable and a great investment.
So Act fast guys!