Learn First, Earn Later: The Essential Mindset Shift for Online Success
Mar 29, 2024When creating an online course, one question seems to echo louder than most:
"What is the best niche to make money in?"
It's a question that often leads to a lot of wasted effort. The truth is, the focus should not be solely on the niche but rather on the fundamental principle of solving problems.
In this article, I'll share a crucial mindset shift and the key question you should be asking yourself if you're just starting your journey toward making money online.
The cornerstone of online success lies in understanding that people are willing to pay for solutions to their problems. However, the crucial thing that many aspiring entrepreneurs miss is the lack of expertise in solving those problems.
This is where the mantra "Learn first, then earn" comes into play. Your primary motivation should not be solely to make money but rather to become proficient in addressing a particular issue within your chosen domain.
Let's delve into a personal story to illustrate this point...
Over the past two years, I've managed to build a seven-figure business—something that I believe is due to possessing a valuable skill set. I didn't achieve this overnight; it took years of learning and refining my abilities. The crucial realisation was that success is a journey, and becoming an expert in your field takes time and dedication.
It's essential to grasp the concept that while you may overestimate what you can achieve in a year, you likely underestimate what you can accomplish in a decade. Reflecting on my own journey, I've earned more in the past two years than in the previous eight combined. This exponential growth was possible because I invested in learning and honing my skills.
Now, let's address the pivotal question: Instead of fixating on the "best" niche for making money, ask yourself, "What problems can I solve for people?" This shift in perspective is paramount. Take my experience as an example: I started my first business at 30, struggled to generate leads, but found success with Google Ads. As I honed my expertise, others in my industry took notice, propelling my growth.
For those just embarking on their entrepreneurial journey, particularly in their late teens or early twenties, my advice is simple: Focus on what interests you and delve deep into learning about it. Whether it's mastering Google Ads, building an e-commerce empire, or refining your copywriting skills, commit to becoming an expert in your chosen field.
Remember, the niche itself isn't the sole determinant of success; rather, it's your ability to provide value and solve problems within that niche. By prioritizing learning new skills, you pave the way for long-term success in the ever-evolving landscape of online entrepreneurship. So, embrace the journey, prioritize learning, and watch as your efforts compound into substantial rewards over time.
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