How to Master the Diversification of your Skillset & Increase your Income in the Process
This post on how to master the diversification of your skillset, and how to utilise that to generate an income, was written by Nicholas Colwyn Parry. He is a locum pharmacist working across the UK, and a subscriber to the My Locum Choice software.
This 2 part-er will cover some of the fundamentals on how you can diversify your skillset and income by doing very little. If covid has taught me anything it is that no industry is truly safe, even my own (pharmacy) is suffering redundancies, closures and staff cuts. Therefore, having more than one skill you can capitalise on is essential for life. Ever heard the phrase “a finger in every pie”? Well, these blogs will leave you with more fingers in pies than an accident-prone Axolotl working in Greggs. Don’t worry they regenerate limbs. Keep reading to learn how you can start to master the diversification of your skillset today!
How to master the diversification of your skillset to increase your income
Okay, so how do you generate a side income?This is so much easier than you think, you can literally make an income off anything. It starts with reflecting on your own skillset and identifying what you’re good at and what you enjoy. The best part? It doesn’t even have to be specific to you. Seriously, look around your house, every single product! Someone has made that for a profit. Every service you see, someone makes money doing that. Your real question is how you are going to find that thing that will make you money.
The table below will explain just that in its simplest form.
The Table of Success:
Zones for mastering the diversification of your skillset
In the above table we have 4 zones; they are dictated by how much passion we have for a skill, and our skill level that relates to it. For those who don’t understand tables I’ll give an example of each:
– Growth Zone: I am average at Rugby, however I love playing it and have so much passion for it, therefore with some more training I can turn it from a growth zone skill to a goal zone skill.
– Defualt Zone: I am good at planning events, and when I do, they turn out pretty good, therefore in my friendship group I am often defaulted to as the planner for holidays, nights out and meals.
– Goal Zone: I am pretty good at pharmacy, and I am also very passionate about the profession. I therefore put myself in the goal zone and it keeps paying me back more ways than just financially.
– Failure Zone: I am terrible at ironing, and I hate ironing, therefore I would consider myself a failure at ironing. Ironing sucks.
Which zone do I want my skills to be in?
The truth is this table is fluid, you can be in more than one zone with any skill, and you can move from zone to zone. The ultimate ideology is you want to get everything into the goal zone, the place where you’re good at something, and you enjoy it. The formula for success. However, you must remember life is a journey not a destination, and the development of a skill can take time. Understanding this table will allow you to see a gap in a market where your strength may be someone else’s weakness and capitalising on that by coaching someone to complete a task or carry it out yourself.
How to reach the goal zone
I said before that identification of that skill is one of the first steps in the diversification of your skillset, so try and identify something you like but you’re not very good at. Once you find a skill in your growth zone then naturally you will put time, effort and research into that skill to become better at it.
They say practice makes perfect, and this couldn’t be any truer to a skill in your growth zone. If you practice something again and again eventually you will achieve persistent perfection, which is why sometimes this may not be the quickest route for someone, but it is certainly rewarding. Physically seeing yourself get better at something you’re passionate about will only lead to more success. Therefore, I personally believe this is the easiest zone to turn into the goal zone.
How to turn a failure into a goal
Something a little trickier to do is turn a skill in your failure zone into the goal zone. I must begin by asking you the question, are you just terrible at something and not passionate about it at all, or are you not passionate about something because you’re bad at it? It’s very easy to fall out of love with something because you’re not very good at it, but that shouldn’t let you give up on the skill. The first time Ronaldo kicked a ball I doubt he scored a 40-yard screamer, but he never gave up, nor did Messi and look at what they’ve achieved since (we don’t have favourites here).
Why practice makes perfect
There are skills you will hate, but with a little bit of practice you will excel at, perseverance is key as nothing good ever came easy. Remember the failure zone isn’t bad once you’ve established why you hate something, but it’s okay to know where you stand early on.
I hated writing when I was younger, I never liked English as a subject and I’ll even admit my level of English isn’t where it should be. I realised I disliked it because I my handwriting resembles a seismometer printout, and it never looked neat enough for someone to read it. Now we have computers in our pockets, poor handwriting is no longer an issue! Instead, I get a lot of enjoyment out of writing these blogs and I love the feedback I get from writing them! On the contrary I’ve been ironing for 8 years now, I’m still rubbish at it, and I still hate it.
What is your comfort zone?
This leaves one final zone, many of you will be here right now, and that is the dreaded default or comfort zone. Pretty much everyone with a skill in this section will never escape this zone, and they will NEVER grow in this zone. We get it, you’re great at it but you don’t particularly enjoy it, the skill probably comes in handy once a year. You could be fantastic at making cocktails behind a bar but find it mind-numbingly boring, many of you have a secret skill or talent that you have no desire to pursue. You’ve met these people; you may be one yourself! They are the ones doodling something that rivals some of the world’s greatest artists, those that can just pick up an instrument and create an incredible unique tune and those that can solve mathematical problems quicker than Rachel Riley on Countdown.
Why your comfort zone can be beneficial
This zone may receive a lot of criticism, but it can be a pretty good safe spot for you, especially if it is a skill you have turned into a job. It is always a good idea to retreat to something you are naturally strong at as you will be able to do that job standing on your head. This will give you time to plan your next move and acts as a safety net to fall back onto if things don’t quite go to plan. Remember you can have a plan for life, but life doesn’t have a plan for you.
When to get out of your comfort zone
Sadly, you will find a lot of people stuck in this zone with no means of getting out, this is the Groundhog Day mentality. Albert Einstein once said, “The definition of insanity is doing the same thing over and over again but expecting different results”. So, if you are sat in your comfort zone doing this day in day out you won’t ever leave it. Think hamster on a wheel.
How to leave your comfort zone
The only way to get yourself out this zone is to climb your way out of it and somehow find new love within the skill, or totally give up on it and chase another goal. It takes a lot of hard work, time and effort to carve your own pathway, but your journey may unlock a secret new passion for that skill, and that may eventually lead to something productive!
Start to master the diversification of your skillset today
Whatever you’re good at, whatever you enjoy, try and stick with this and focus on your goals. Once you’ve started to accomplish some major goals then you can look at skills in your growth zone and try and make them goals too. I said at the start no industry is safe so try and link similar strengths to grow yourself and your skills, but also try and have a curveball in there for when life throws one at you. This isn’t just a formula to succeed at diversifying your skillset, it’s a formula to life.
Part 2 will include easy skills for you to capitalise on, platforms many people use, some tips on how to execute the algorithms behind those platforms and some people in the creative industry that are KILLING it right now.