Being financially broke is considered detrimental to a man’s emotional, physical and psychological well-being. Financial independence and buoyancy are essential to a man’s survival. How to Move from a Low to a high-income Earner is an article that gives tips on how to change your financial position.
Changing your status from a low-income earner to a high-income earner is a challenging task, especially in Nigeria but it is possible. To help you with the process, here are some useful tips and jobs that can change your status.
1. Personal Development
Acquiring the requisite knowledge through training and self-development is very crucial to moving an individual from a low-income earner to a high-income earner. Self-development entails getting the education and training necessary to succeed in any given profession. You can take up courses and training both online and offline for the purpose of development.
2. Networking
Building meaningful relationships through networking can help move an individual from a low-income earner to a high-income earner. Networking exposes an individual to new opportunities, connections that could lead to a job offer and collaborations that could lead to developing or starting a business. Make time to attend seminars, conferences and other events and follow pace setters and influencers in your field.
3. Start a Business
Starting a business is an effective way of changing your status from a low-income earner to a high-income earner. Nigeria is a viable environment for business. With proper planning, research and market survey, business has the capacity to change an individual’s financial status.
Some High Income Skills
Below are some of the high income skills that you can learn to improve your earning:
- Software Development
Software developers earn good money. This is one of the most lucrative skills in the IT world. It entails designing, creating and maintaining software applications. Whenever you download an app from Google’s play store, someone is making money. With the requisite knowledge in coding and leveraging Ai, you can build a career in soft ware development. As a skill, it has high income potentials and it also in high demand all over the world.
- Data Science
One of the most interesting things about this skill is that you can sit at home and learn it. Data science is all about getting knowledge and insights from data. Our society thrives on data and that has seen a surge in the demand for data analysts. With information required in fields like healthcare, finance, and manufacturing etc, becoming a data analyst will change your financial status overnight.
- Digital Marketing
Digital marketing in simple terms is the process of using digital technologies to promote products and services in a bid to sell them. Digital marketing is carried out majorly on social media. Other channels are search engines optimization and email marketing. With a proper understanding of the nuance, Digital marketing is a highly effective way to move from a low income earner to a high income earner.
- Web Design and Development
Web developers create and maintain websites for individuals and businesses. The digital economy has brought about a need for business to be transacted virtually using customized websites. Using different tools, web developers create visually appealing and user-friendly interface for business owners. If you have any knowledge of coding, then this is for you and if you don’t, you can take up training virtually and offline.
- UX/UI Design
The simplest term for this skill is graphic designing. UX/UI designers are responsible for creating all the appealing and user-friendly interfaces you see on websites and mobile applications. If you have a smart phone or a laptop, you can enroll for training and with proper networking, you can change your financial status from a low earner to a high earner.
- Content Creation
Content creators are among the richest people in Nigeria. With the right content and proper PR, you can move from being broke to a millionaire. Content creation has taken several Nigerian youths from poverty to affluence. Content creation involves creating and distributing written, audio, or visual content. Content creators use a variety of tools and technologies to create content that is informative, engaging, and relevant to their target audience. Either as an individual or independent content creator or a freelancer, you can make good money creating engaging content.
- Social Media Marketing
Selling products on social media is what social media marketing is all about. It is simply done by promoting products and services using your social media handles. With the proper training in creating compelling content, running ads and converting followers to consumers, you can make good money by spending time on social media. This sounds pretty interesting and easy.
- Search Engine Optimization (SEO)
Businesses are always pushing for more media visibility. This visibility helps them to rank very high in search engine results pages (SERPS). Search engine optimization (SEO) is the process of improving the visibility and ranking of a website in search engine results pages. SEO experts employ techniques like keyword research, link building, and content optimization, to improve a website’s ranking in SERPs. If you already have a penchant for writing, then you should take this up.
- Affiliate Marketing/E-commerce
Help businesses to sell their products and get paid for it. Affiliate marketing involves promoting a company’s products on your website or social media page and getting paid a commission for clicks that are converted into purchase.
Similarly, E-commerce is the buying and selling of goods and services online. You can buy and sell products online. The good thing about both affiliate marketing and e-commerce is that you don’t need much to start but just your phone, internet and data.
