One of the most important lessons I’ve learned since I was made bankrupt 3 years ago is one Jim Rohn taught me about your ‘Value to the marketplace’.
What do I mean by that? Well as you’ve no doubt noticed, some people make hundreds of thousands, and in some cases millions of pounds/dollars a year, while some struggle on minimum wage.
So, what’s the difference between the two? Well in most cases the ones who make more money do so because they are simply more valuable to the marketplace than the ones who don’t.
‘Not fair!’ I hear you saying… well let’s take a look at a simple example shall we?
If you are flipping burgers in Mickey D’s or Burger King there’s nothing wrong with that but you’re not going to earn very much because anyone can do that.
However if you come up with an idea that can increase a companies profits by millions of pounds, or you start a business providing a good solution to a problem people are facing you can earn A LOT of money, and of course you’d deserve every penny because you’re valuable to the marketplace.
Now, while most of us will be starting at the bottom, ANY of us can learn to increase our value to the marketplace, thus creating a more rewarding life for ourselves and our families, both financially and on a personal level.
Since I actually ‘got’ this concept, I’ve gone out of my way to make myself more and more valuable. Some of the things I’ve done over the last couple of years are…
I’ve networked heavily, building up my network of contacts and my influence in the local business community. Now people often come to me for help and advice, and that’s something that would never have happened a few years ago.
I’ve been active in social media, again increasing my network and influence but this time on a national and international level.
I’ve written the first 3 in a series of books that I feel provide tremendous value, giving important success lessons to kids. This led me to get a 12 book publishing deal at my first attempt.
I’ve offered myself to schools, going into classrooms and passing on my lessons to children aged from 10 – 16, again getting my name out there and increasing my network and influence.
I’ve taken numerous courses and seminars to increase my knowledge. This knowledge can be used to take on more difficult tasks, and it’s good research for books and courses I want to develop in the future.
I’ve joined groups such as the YES Group so I can associate with positive people rather than the usual ‘neg heads’ and ‘energy vampires’ you find in day to day life (The law of association is MASSIVE when it comes to success).
I’ve got way out of my comfort zone and put myself forward as a speaker. Yes it was terrifying, but now now I’m enjoying it and I’m getting booked to speak across the UK.
And perhaps most importantly I’ve learned to ask people how I can help them, rather than wondering how they can help me. Although we are supposed to be in recession, this one thing alone has given me so many opportunities, too many in actual fact for me to handle at times (focus is always key).
And I’m not done yet. I plan to keep on increasing my value year in year out, and whilst I’m not what I’d class as financially free just yet, I know I’m well on the way.
What’s more I’m loving it!
So what, if anything, are YOU currently doing to increase your value to the marketplace? And what have the results been so far?
I’d love to read your comments below.
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Tags: alfie potts, beliefs, business for kids, education, increasing your value, Jim Rohn, lessons, networking, schoolboy entrepreneur, teaching, value, Value to the marketplace, Wealth, Young entrepreneur