Thoughts on Dan Lok's "How To Turn Your Passion Into High Income Skills?"

in LeoFinance2 months ago (edited)

Dan Lok is a famous entrepreneur. People from all the world go to him to learn how to achieve financial confidence from his expertise. His audience vary from aspiring business owners to established business.

Dan Lok understands how consumers think and how to market for them. Everyone online is saying the same things about Finance but he always finds something to add to them or advices on how to approach them.

I love watching Dan Lok's videos because they are the ultimate reality-check to my idealistic mind. He is no-nonsense and brutal guy, but he's also convincing and helpful.

There are many Finance related videos that both #LeoFinance & #CTP communities on #HIVE would benefit from. Here's his YouTube Channel Link to find a topic you like. In this article, I choose the video titled: "How To Turn Your Passion Into High Income Skills?"


How to turn your Passion into a High Income Skill?

This one is interesting: "You don't!"

That hurt a bit.

"What makes a skill valuable is because the market-place is willing to pay premium price for it!"

Unless your passion is already a High-Income Skill it probably will not become one. People don't care about your passion, they care about what they want.

It's brutal. It's true!

It's a thing I realized even before watching Dan Lok's video. You can make money with your passion, maybe by combining it with another income-generating skill. Most people, however, won't be making money with their passion unless the market is willing to pay for it, and they knew how to market it well.

If you read some of my articles. You'll realize I don't focus on one thing, and that costs me having many followers. I write about what I want, not what the market wants! HIVE makes it easier, but look at any HIVE user with as much rep as me and you'll realize that since I'm not focused on one niche, I don't generate as much as income as possible for my level of writing.

My Skill is Writing! It would be a high income skill if I write for clients. I don't. I write my Passions instead. People who have the interest and time to read everything I write, probably aren't the type of people who can pay premium price to read more of it. (I'm probably wrong, so tell me if I am. Please!)

So, What do you think?

Do you agree with me? Do you agree with Dan Lok? Do you have a conclusion of your own? What do you think about turning Passions into Money? Want other thoughts on Finance videos like this one? Please tell me in comments!

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I don't necessarily disagree with some of Dan Lok's teachings but there are instances when I just tell myself his way isn't the only way. For one thing, what you can be passionate about may not be marketable at first until you move to a different area or found your niche community to market with. Sometimes it's not really your passion that's driving you down but how much work you want to put into your passion.

Anyone can be a writer pumping out content but there's a certain level of refinement to one's writing that can elevate their status from being a blogger to a novelist or etc. There isn't a one hit solution to approach a single passion and these varieties create different routes that may or may not be as marketable compared to other options.

Your niche has a niche and that fact alone can make a difference in terms of marketability. Learning from cosplayers and their business, some aren't well suited to model their works but are adept at creating the outfits that can rival commercial outfits. There's also photography focused on cosplay as their niche subject. The fact that people just lump it under the umbrella of cosplay as a business undermines what business opportunities can be generated just from the parts that make up the whole.

Specialize in what you are passionate about and then market yourself better is the takeaway here as there's always a market out there for what you may be passionate about.

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I think the same.

there are instances when I just tell myself his way isn't the only way

I took Dan Lok statement in such video, that if your passion is not marketable you can't turn it into a high income skill. But you can learn marketing which is a high income skill and use it for your passion. If you're passion is not marketable by the time you get started you probably need to be a really good marketer to do that though which will take time.

Sometimes it's not really your passion that's driving you down but how much work you want to put into your passion.

Yeah, that's something he missed too...

Thanks for the Cosplay example! It makes you think of how many sub niches aren't found yet because people who are (thinking of or just) doing them don't know they're doing something different.

If you're passion is not marketable by the time you get started you probably need to be a really good marketer to do that though which will take time.

The thing about passions being marketable is already starting putting in the work on building personality online. I'm sure if Pewdiepie started his Youtube career he wouldn't be as big as the competition YT has amongst other youtubers. It's just building some personality online that people want to support. Streaming isn't profitable and neither was ads on youtube years ago. He may have aimed to go big and take money from ad revenue but he enjoyed what he did so that made it easier to go along with the grind.

So true~