A lot of people work hard but still struggle financially because their skills are not the high income skills that are profitable.
Being overworked and underpaid is a common plight these days, although, it is not that every lower paid job is inherently worse than the profitable ones, the hard truth is that skills offer better compensation than others.
Such skills are referred to as high income skills. There is the kind of skill set that is in demand and attracts a higher compensation from employers and clients.
Developing these high income skills is a great way of potentially increasing your earnings and improving your financial situation.
Can’t figure out what skills are high paying? In this guide, we’ll be discussing what high skills are and the list of some of the best examples of such skills you can learn.
What are High Income Skills
High income skills are the professional abilities and qualifications that could earn you as high as a six-figure annual salary.
However, the definition of high-income varied from place to place due to the differences in the cost of living.
But a consistent six-figure annual pay can be considered a good yardstick for defining high income skills.
Below are some of the most profitable high income skills to learn if you want to desire a lucrative career.
Most Profitable High Income Skills
The high income skills highlighted in this guide are not presented in any particular order. Although you’ll notice that IT skills and computer skills are the prominent skills on the list, reflecting the ever-increasing influence of technology on the world of work.
Every other skill listed is also high-demand and is set to remain so for a long period.
So let’s dive into the list and discuss the most profitable high income skills to learn.
1. Software Development
it was difficult to choose the first skill to start with, but software development is unarguably a worthy choice for our number one spot.
Software is a program and other operating information used by a computer or electronic device to perform a specific task or a group of tasks.
And with the vast adoption of technology in our day-to-day activities, there’s a strong demand for people who possess such IT skills and are fluent in writing software programs.
And you know what’s more? Software development skill doesn’t even necessarily require a university degree to learn to code.
There are numerous resources out there where you can learn how to code. Online coding boot camps like EdX, Udemy, and SkillShare, can help you get started with coding within a couple of months, rather than years.
So, what about the salary? Well, the salary for software developers varies depending on your location. However, the average salary for a software developer currently stands at $107,510 per year, with top-rated professionals earning above the average.
Without any doubt, if you’re a tech enthusiast, you should consider learning software development which is one of the most profitable high income skills.
2. Search Engine Optimization (SEO)
SEO is another tech-based ability that’s rated among the most profitable high-income skills to learn.
And what’s SEO? Search engine optimization is the process of ranking a company’s website as high as possible on the Search Engine Result Page (SERP), and in most cases, Google.
The higher up a page appears in search results, the more visitors it gets to the page from the SERP, thus, translating into more business.
So you can imagine how high demand SEO experts are; every business wants an online presence which leads to more businesses, as a result, higher compensation for the services.
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To many, copywriting isn’t a popular type of work posture in the advertising/marketing industry, but within the industry, everyone knows how profitable the skill is.
What exactly do copywriters do? The highest-level copywriters referred to as “direct response copywriters” write catchy content designed to get the readers into taking specific actions.
And what type of action? It varies, depending on what the company or business is offering. For some, it can be to buy a product, while another can be to sign up, and so on.
Therefore, copywriting is a specialized form of content creation that is focused on reading marketing and promotional materials to sell a product or service to readers.
It’s one of the high income skills that you should learn if you desire to earn higher compensation than you normally do.
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Perhaps you’d prefer to put it all on your own rather than use your skills for someone else? If that’s the case, you need to develop entrepreneur skills.
It’s tough to define entrepreneurial skills in particular since it covers everything from leadership skills, management skills, interpersonal skills, marketing skills and many more.
Entrepreneurship combines invention, innovation and risks taking. It’s all about turning ideas into reality and transforming it into new business opportunities.
Luckily, there are plenty of resources available if you desire to hone entrepreneurship skills.
What you should do is look for training in business management and also acquire entrepreneurial skills from other successful innovators in your field.
Even though entrepreneurship skill is one of the riskiest high income skills that is listed in this article, it is by far one of the most profitable if the business idea turns out to be successful.
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5. Video Production
Everyone knows that video content is king. Just take a look at the explosive growth of TikTok and how glued are a lot of people to YouTube.
Videos are more engaging, richer in information, and more compelling to follow through than plainly written texts.
Many businesses are increasingly in the search of skilled video production professionals to strengthen their marketing prowess through videos.
As with the other high income skills we’ve discussed so far, there are numerous options available for learning about video production and video editing.
An investment in learning the right skills will eventually pay off nicely in the future. So, if you desire to learn video production, it’s a good idea to choose to learn.
6. Web Development
Another high income skill that you can acquire even without a college degree, Web development has transformed the lives of so many people.
Without any doubt, it is ranked among the most profitable high income skills that can generate you a steady five to six figures.
Web development is the process of building websites. Such websites can be in various forms, for example, they can be blogs, content management systems (CMS), portfolio websites, sales pages, e-commerce websites and more.
As every business seeks an online presence, web development skills are continuously sought after.
Web development is grouped into the following:
• Frontend development
• Backend development
• Full-stack development
Frontend web development focuses on the creation of user interfaces, interactions, and experience, that is, UI & UX.
Backend Web development is concerned with the storage and manipulation of data on the server.
While full-stack web development is the combination of both frontend and backend web development.
Like with other coding skills, you can learn web development online on Udemy, YouTube, and more.
7. Mobile Application Development
Mobile app development is concerned with the devolving of mobile applications that can either be in a native form or a cross-platform form.
For the native mobile application development, it involves the development of a mobile app that runs specifically for a particular mobile operating system.
For Android OS, it can be achieved using Java or Kotlin while for IOS, the apps can be developed using Objective C or Scala.
While for cross-platform mobile app development, it involves the development of mobile apps that runs on different kinds of the mobile operating system. For example, an app that runs on both android and iPhone.
Cross-platform app development can be done using Flutter or React Native.
There are numerous apps available to users both on Google PlayStore and Apple’s App Store which shows how high the demand for the skill is.
8. Digital Marketing
Digital marketing is a high demand profession that’s also ranked as one of the most profitable high income skills.
Every business out there needs a digital marketer to help them develop their online presence.
Digital marketing is a very big niche and it is grouped into the following:
• Market Research
• Search engine optimization
• Search engine marketing
• Social media marketing
• Content marketing
• Email marketing
If you have the passion for any of the roles under digital marketing listed above, then it’s best to consider learning digital marketing because it is one of the high income skills that can guarantee you financial freedom.
And most importantly, unlike some other high income skills, you don’t necessarily need to work in the company as a digital marketer, you can start by freelancing to gain more experience and awareness and later create your agency.
9. UX Design
UX designers make sure that products, services, and devices offer a pleasant and seamless user experience.
Their main focus is on the experiences of the end-user of the products and what they do is crucial to a product or device’s commercial success.
UX design is the combination of various aspects of psychology and design, bound together with commercial awareness and market research to ensure user satisfaction.
Sound UX designers earn around $100,000 yearly, and there are numerous training materials available online for you to start with.
This may be strange to you but teaching is one of the high income skills lines that can generate good figures.
What you need is to be experienced in specific areas and be confident in educating your students or clients with your knowledge.
There are many ways you can make money online as a teacher. I will be discussing three ways through which you can earn money as a teacher.
One on One Teaching: this one is similar to the regular offline mode of teaching, however, in this case, you need to build an online reputation as a professional on the particular topics. A lot of individuals will be willing to pay for your private training or mentorship.
Using YouTube: a lot of people make over six figures on YouTube. If you’re experienced in certain topics, you can upload them on YouTube and monetize your channel through Google Adsense and private sponsors.
Creating courses: you can go further by packaging your training videos and materials in form of a course and selling them on platforms like Udemy, Selar, etc. You’ll surely get a lot of students that enrol in the course.
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How to Learn the Most Profitable High Income Skills
So now what high income skills do you want to pursue? How do you intend to develop them? Fortunately, we are in an age where skill acquisition isn’t as difficult as it used to be due to the many available resources at our disposal.
1. Make Use of Free Resources
As a beginner without much funds, you should consider starting with free resources at your disposal.
It can be YouTube videos, blogs, podcasts, or community empowerment, there’s a huge wealth of free knowledge available out there for you to tap into.
Make use of these free resources to gain a foothold in your desired choice of high income skill.
2. Save and Invest in Paid Courses
Although we recommend starting with free resources, if you don’t have enough funds, or you do have, you should consider progressing after you’ve exhausted your free resources.
Take a look at the popular online training platforms like Udemy, Skillshare, Coursera, and EdX,
In addition, don’t neglect educational institutions either.
3. Get a Mentor
Building the right connections is vital for your overall career success. And when you are pursuing one of the high income skis, it can be very helpful to have a mentor who’s been in the field and can provide you with invaluable information and guidance.
4. Put Your New Skills to Use
One step is to learn, another one that generates the income is to practice what you’ve learnt.
Putting your high income skills to practical use is what you should do immediately after you’re done learning the skills.
And it’s not only about finding a full-time job or becoming an entrepreneur, freelancing will enable you to use your new skills to handle real-life projects.
You can join the best freelancing platforms like Upwork, Fivers and Freelancer to get started.
If you’re tired of earning little income, you need to learn any of the high income skills highlighted in this article.
These high income skills can help you make a good living and also take care of your financial needs as a person.
Do well to learn any of them today and be a better person in the future.