When it comes to earning more money, we often look to experts for guidance.
We want to learn how to invest or how to build our own business or how to negotiate for a higher salary … and so we turn to accomplished experts for advice.
There is nothing wrong with this process and if you have time to sort through everything, then you’ll find lots of good information out there.
But while you’re soaking up each golden nugget of information be sure to look beyond the ideas of the expert and into their processes and actions.
For example, finance experts often preach about investing in mutual funds, but they actually make their money selling books and speaking at conferences. You see, many experts are giving great advice, but they are actually living out better advice.
My take? Stop doing what experts teach and start doing what experts do.
The entire focus of Passive Panda is to teach you what to DO to earn more money.
Here are five immediate areas you can focus on that are the foundation of many successful experts and will surely help you earn more money regardless of your situation.
1. Experts provide real value.
Real experts provide real value. They focus on using the information they have to help others.
On your end, it doesn’t matter if you want to be seen as an expert or not. You have to contribute something to the conversation. You need to focus on providing value, regardless of your position. Information moves too fast in today’s world and if you aren’t holding up your end, then people will know. Fakes and frauds are outed in a heartbeat.
Experts commit to helping others long before money is exchanged. Don’t wait to start contributing in whatever way you can.
2. Experts always look one level up.
Teaching is the highest form of learning and true experts are always searching for better ways to do their craft.
They are always looking one level up to round out their skill set and improve their abilities. There is always something new to learn.
Think about the skills and talents you need to accomplish your job or reach your goals. Who are the people that are one level up in those areas? What can you learn from them? How can you get in touch with them?
3. Experts focus on the process, not the product.
It’s easy to want the Gold Medal, the hard part is training like an Olympian. Everyone loves the product, but very few people enjoy the process.
If you want to master your craft, then your actions need to follow a consistent process.
Millions of people want to lose weight, but only a few want to eat better each day and exercise frequently. Everyone wants the product, no one wants the process.
Consistent focus on the process will create extraordinary results.
4. Experts spend time on actions that can scale.
Experts, by definition, are known for their expertise. Well, you can’t become known if your name doesn’t make the rounds.
For that reason, experts focus on actions that scale.
Now, you might be saying, “But I don’t really care if I’m well-known or not.”
Doesn’t matter. You should still focus on actions that scale. Why? Because they dramatically improve your earning power. (Why do you think so many experts are wealthy?)
Why do you think finance experts put their time and effort into writing books and hosting conferences rather than working a steady job and investing in their 401k? It’s because they know that a book sales and speaking events can scale their income quickly.
I’m not saying you should quit your job and become a professional speaker, but if you want to reach the wealth level of an expert, then you need to think about earning methods that scale.
5. Experts reach out to other experts.
It doesn’t matter what you know, if you can’t get the information into the right hands, then you’re not going anywhere.
Experts have the courage to reach out and build relationships with other experts. You need to show the same courage.
Building a network that can help you accomplish your goals is a critical step in success. It’s takes time, but it’s well worth it. That’s why knowing how to email important people is so critical.
Regardless of whether or not you follow these five steps, it is crucial to understand that what high-earners are doing, not just what they are saying.
See the process behind the presentation.