People wants to aquire new skills to make some extra dollars. According to a study by CNBC, an average American is making $876 per week and $45,552 per year. But that also depends on your age. And, that rises and falls depending on how close you are to peak earning age, typically around 49 years of age for men and 40 years for women.
Yes, you heard it right, the earning age and the amount of money a woman and a man get is different.
The skills that we will need to survive in todays indrustery are demanding. But there are some skills that will always be relevant and necessary at the same time. How can we best clear the world around us and identify the skills that we need to cultivate?
There are some money-making skills which will help you to make more money. It is a kind of passive income that would kick start your side business and will help you to make some extra dollars.
There are digital skills that not only help you earn more money but it will help you in expanding your skillset that will be beneficial to leverage them for a raise in office and outside the office too. These skills can open up new opportunities to profitable freelance work even if you are new to this business.
Artificial Intelligence
If you’re willing to put in the hours and work, the most exciting thing to do is to build an AI-centred skill set. More and more companies are looking in data analysis and user experience to implement AI solutions. According to Forbes, the number of active AI start-ups has increased 14 times since 2000, venture capitalist investment in AI has increased 6 times, and the job market for AI programmers has grown 4.5 times since 2013. Moreover, Artificial intelligence is the trending topic in almost every business and if any person who is willing to work hard can earn a good chunk of money.
There are some major skills that developers can learn and make money out of it.
- Machine learning
- Python
- Java
- Data science
- R programming language
The average salary that a developer can get with these skills is $121000.
And a freelancer can get $61-80K.
Side hustling always Pay-off in the long run
Great thing about a side hustle is that before you have enough work to support yourself, you can develop a customer base without losing your day job. Or, as needed, you can use your side hustle to earn extra cash out of work. Let’s say you’d like to get into the marketing content. Find a side hustle holding the blog or social media accounts of a company. Or start ghost-writing other professionals ‘ eBooks.
Or perhaps you’re a web programmer. Develop consumer websites in specific industries. It can be a perfect way to bridge the gap and give yourself a competitive advantage by incorporating this into your day job. For example, if you’re working day after day as a restaurant manager, you might be specializing in designing restaurant websites because you understand how that business works.
Cloud Computing
As more companies switch from traditional server configurations to more flexible and dynamic cloud-based solutions, the demand for specialists in cloud computing is rising. Much of this demand is driven by companies that require Amazon Web Services (AWS) IT professionals. AWS is currently the largest network of cloud computing solutions. With customers like Netflix, Unilever, McDonald’s, and GE Oil & Gas, it boasts the largest market share— with over one million active users registered with it. An AWS certification will provide you with an average annual income of $123,000.
There are some skills that come under the head of cloud computing that will enable you to make more money.
- Linux
- Database Skills
- Programming skills
- DevOps
- Information Security
An average person who knows these skills can make $123000.
And a freelancer can get $104 per hour.
E-commerce Analyst
Facebook ads, Instagram ads, Google AdSense are used to run the campaign. And do you always wonder that sometimes you are thinking about some product and all of a sudden that product pops up on your screen and you think how does this happen?
So, these all are because of ads that show things based on your interest. Lately, Shopify has been the most famous platform for e-commerce. So, if you also want to make some more dollars than you can also try your hands on it. An average American who is an e-commerce analyst or who knows how things work can make $60, 958.
UX/UI Design
How appealing would you look with full-stacked skills to sell and extensive web development experience in a room full of people who can either build a stunning website or do fantastic backend programming?
Learning how to do UI will increase your job potential for those of you who are already earning good money as UX developers. And now start learning UX for our UI comrades here. It’s not that easy to learn, but it never gives the top dollar easily.
There are separate skills for both UX and UI that can be learned if one wants to make money.
For UX:
- HTML
- Java
- CSS
- Database
- Algorithm
- Statistics
For UI:
- Product Design
- Interface Design
- Photoshop
- Animation
- Prototyping
Art of technical writing
The fact that the entire internet is developing at a rapid rate gives many people a sense of fear that new developments will leave them behind. And that’s a fair concern. What holds this concern at bay is professional writing. Not only do you know first-hand about these innovations, as continuous work is part of technical writing, but you also add additional skills of tech writing to your portfolio.
Technical writing is reporting and blogging about new ideas, goods, technologies, and other news from the tech world that the industry is looking for. The purpose of technical writing is primarily to provide those who are looking for information and instructions. Besides the tech industry, medicine, law, engineering, and other fields of science use technical writing to share information. Not everyone can write well, as you probably know, and not everyone who writes well can do technical writing.
If you have a touch of writing flair, it will add a lot of cash to your bank account by writing technical documents. Because technical writing is not everyone’s cup of tea, those who are already in high demand, make sure you tap into this vibrant market and get your fair share of it.
Not only good writing skills you also need some other skills that would work as a cherry on top of the cake.
- Data presentation
- Ability to write concisely
- Analytical skills
- Data skills and formatting
- Research
A person who knows all these skills can easily make $59217.
And a freelancer can get $30-$60 hourly.
Visualizing Data
A specialist in data visualization is able to predict trends, identify patterns, identify main variables, and direct business strategies. This especially includes converting data into spreadsheets and spreadsheets into charts and graphs. This particular niche is expected to grow exponentially with the tech industry looking for more and more data-centered roles.
The skills that come under this head which a person has to learn to make more money includes
- MS Excel
- Python or R
- Statistical presentation
A person can make around $77000
And a freelancer can get $20-$200 hourly.
Wrapping Up
There is a saying if you want to earn more than you have to learn more. if you are willing to put those extra hours in your skills then you will be ahead of half of the people and can earn a good amount of money. You should make strategies so that you can have a productive time in learning all these skills.
Now sit down with all this information and come up with a strategy for your thriving web development career’s next step. We hope you have been enticed by one or some of these exciting skills to start thinking seriously about them.
Moreover, the title of this article is suggesting that if you want more money than 88% of the American population then you have to do what that 88% are not doing. that is working on the skills and enjoy the ride.
