Are you itching to turn your passions into profit? Well, you're in luck because today, we're diving headfirst into the art of leveraging your skills to kickstart that dream side hustle. Whether you're a master baker, a coding whiz, or a social media maven, get ready to unlock the secrets of transforming your expertise into a thriving side business.
Key Moments In This Episode ======================== 00:00 Intro & Summary 01:01 What Is The Skill Set Analyzer 02:03 How To Create Financial Independence 03:07 How To Get Incorporated 04:17 How To Do Presales
What To Watch Next ======================== What Skills to Learn to Make Money • What Skills to Learn to Make Money
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About Loral Langemeier ========================
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Video Summary
AI Generated
This video provides a guide on how to monetize personal skill sets to start a side business. The speaker emphasizes the importance of moving from an \"emotional\" to a \"monetized\" entrepreneur by combining unique skills with discipline, a structured system, and the strategic use of pre-sales to ensure cash flow before product delivery.
How do you leverage your skills to start a side business? Well, I'm used to doing this for nearly
30 years of my life. So all of you have skill sets. I don't care if you're a teenager. I don't
care if you're 70 or 80 years old. There's something that you've done in your life to
make money. It was either a job, you worked for somebody else, you might've started a business
and then shut it down. But what are you good at? I'm good at three things. I'm good at marketing,
selling, and teaching, which is what I love to do, which is why I'm here five days a week.
So what can you do? Let's talk about your unique skills and what you can do to monetize them.
Let's talk about what it's going to take. Commitment and consistency and discipline,
which is what most people lack in why they side hustles just kind of fall down on the ground.
They're actually an emotional entrepreneur, not a true monetized entrepreneur. And that's the
big difference. And then the last thing I want to talk about is how do you pre-sell? Pre-sales is
my trademark. I know how to pre-sell. I pre-sell everything. I don't move without money. So get
ready for this. How do you identify your skill sets? Well, in the description below, I'm going
give you what's called my skill set analyzer. It's inside my cash machine book. So by the way,
if you're following this channel, which you should, subscribe to the channel, click that
notification button, be here five days a week. You should also be consuming all six of my books
and really consuming them. So if you're in the money-making mode, put more cash in your pocket
and cash machine of those two books. So in the skill set analyzer, it gives you some questions
to answer to say, how can you make money? What could you do today to do that? And you all have
something you can do. You just are lacking a team and a system to do it. So think about who else does
what you want to do and what do they charge? What are their offers? How do they monetize you? Like
what do they do on their websites? Do they give you a free offer and then upsell you to a small
offer and then get you on a phone call? What is their funnel look like? In the description below,
I'm also going to give you two tickets to my millionaire intensive because I want you there
because we're going to break this all down, get you a business in less than three hours. You're
in a marketplace for three hours and voila, you should all walk out with hundreds, if not thousands
of dollars, but you have to do everything I say and stay during the whole thing. The next one is
probably the biggest one, the lack of commitment and consistency to really create that independence.
So I use three words in millionaire intensive. I say, you got to be committed and committed at all
costs. You're going to figure out how to do this. And you've got to have a mentor and a coach.
That would be me. You've got to have like a super disciplined regimen. One of the things I ask
people who want to just make extra money is how many hours are you willing to work to do it?
Because usually there's a little bit of a trade time for money. Now, if you want, you can add
direct sales or an affiliate marketing and sell somebody else's stuff. Like I sold Kiyosaki stuff
rich dad poor dad for five years before I had my own stuff. I also was still in a lot of direct
sales companies. So you can join my direct sales company. I'll give you a few links in the
description below. Join my card company. I have a home wellness program product that you can come
join. And a lot of people enjoy that. It's not difficult stuff. You fall in love with it and
sell other people's stuff. So a lot of you, it's the commitment, right? It's you're not jumping.
You're not taking advantage of opportunities. You're not committed and you are not living a
decided life. Like you're going to do this. It's like, if it works out, it does. And if not,
then I don't have to. Part of the commitment also is getting incorporated. So many people say a sole
proprietor, I'm going to be a solopreneur, which in my word is like solopreneur equals suffering.
Why would you be solo when there's too much to do to run a company? Even if it's a side hustle,
you still have to market. You have to sell. You have to understand cashflow. You have to understand
how you're going to fulfill the operations, the technology, get the team together. How are you
going to do all that when you probably don't know how to do it all? Take your skillset, make it easy,
make it simple. And if you're trading time for money for a little bit, who cares? As long as
it's not the standing model six months from now, it's okay. First of all, what I like about trading
some time is you can say, you know, I'm going to give you 20 minutes of my expertise in engineering,
project management, nursing, whatever it is, and for 20 minutes for $20. Is it great? No,
but it's a start because until you start opening your mouth and start fulfilling and understanding
what you really enjoy doing, you don't want to create an offer, build all this stuff, then realize
you don't even like it. Before I go to the last point, I want you to, again, make sure you subscribe
here. Click that notification button. I want you to be part of our community. Join our Millionaire
Tances Facebook group. So you're part of that group because that's where you actually get to
continue to sell stuff to each other. I'm probably the only community who encourages you to please
sell each other services and products that you want, need, and you're going to buy from someone
else. The last point is pre-sales. So I create whatever I want to create and I go to the market,
social media, wherever I go and say, how many of you want a, for example, we did a crypto class.
And so Randy is my partner in that with iFlip. And we said, we're going to sell a $2,000 crypto
course because you're part of our community and big table. You get it for a thousand dollars today.
We sold 20 something of them. Now we have 20 something thousand dollars. We went to the
gentleman. We wanted to create it. You create the course. Here's some of the money to create it.
We already had the money. We built more of a social platform and then we went live and sold
it for 2000. Now do we sell straight out on social media for two? No, we gave some free reports. We
gave why automated and AI trading software is better for you, safer for the market. So we sold
some $20 reports. We sold a funnel. Then we got on the phone and the sales team sold the 2000.
So we pre-sell everything. Every one of these books, right? This book was pre-sold. My Millionaire
Kids book was 13,000 books were pre-sold. And we use that money to then go to market and make
it a bestseller. My Yes Energy was the all-time hit. We sold over 52,000 worldwide before we
even printed the book. So you're going to use focus groups at all these different structures.
So again, the Millionaire Intents is where you learn all of this. Please show up. I do it once
a month. It's an eight hour class from 10 o'clock to six o'clock Pacific. And you're going to learn
everything I just talked about and put it into practice and do some pre-sells on there. Test
with a hundred people in my community. If you can sell somebody in my community, whatever it is you
sell, product or service, you're going to continue and keep pre-selling then fulfill. You're going
to have cashflow for the rest of your life. Hey, I'll talk to you tomorrow.