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You are here: Home / Finance / How to Use Skill Stacking to Make Six-Figures
How to Use Skill Stacking to Make Six-Figures

How to Use Skill Stacking to Make Six-Figures

June 11, 2020 By Cade Hildreth Leave a Comment

Skill stacking is the art of combining several “normal” skills to create a unique combination of abilities that are extraordinarily valuable.

If your goal is to become wealthy, then increasing your earned (active) income so you have more money to invest is a critical first step. For this reason, skill-stacking is one of the fastest and easiest ways to command more money in the marketplace.

If you aren’t experiencing regular bumps in your income, then chances are that you aren’t properly skill stacking for success.

The Art of Skill Stacking

What I love about the skills is that you can “skill stack” them on top of each other.

Much like a piece of real estate that gets more valuable with each floor that you add, skills are identical. Your earning potential will increase each time you stack a new skill-set on top of your existing capabilities.

Intrigued by this concept but need some real world examples? Let’s dive in.

A Real World Example of Skill-Stacking

Many of you know doctor Sandra Lee, who is widely known as Dr. Pimple Popper. While she is a Dermatologist by training, she did not come into wealth until she learned how to dominate on YouTube and Instagram.

Only when she spent time and resources to learn how to integrate social media into her medical practice, did her wealth grow exponentially.

Have you ever noticed that her video is high quality, her sound quality is great (not garbled), and her content is engaging? Did you also notice that her videos get wide reach?

 

View this post on Instagram

 

A post shared by Sandra Lee, MD, FAAD, FAACS (@drpimplepopper) on Jun 8, 2020 at 6:10pm PDT

These things didn’t happen by accident. She wasn’t lucky. She was smart and strategic about skill-stacking.

First, she got her medical degree. Second, honed her social media skills. Third, she invested in herself and the equipment she needed to produce quality video footage. Fourth, she mastered video distribution, using strategies like video SEO and collaborating with YouTube stars, to get her content wide reach.

Because of her investments into self-education in the years after acquiring a medical degree, she now has her own realty TV series, skin care line, and merchandise.

She also attracted 3.9 million followers on Instagram.

What is skill stacking

How A Designer Can Skill-Stack for Success

Need another example?

Let’s take a graphic designer who works for an employer for $50,000 per year.

Right now, there are graphic designers graduating from high schools and colleges all over the world, so they are not in scarce supply. It is also possible for business owners to hire graphic designers in other countries through websites like Upwork.com for very little money (a couple dollars per design).

So, how would a USA-based graphic designer command more money in the marketplace, when the supply for their skill set is not scarce, nor in high demand relative to the number of people who have it?

The answer is that the designer needs to stack other skills on top of their design skills.

First, I’d recommend that this person invest in a course to learn social media skills. By growing a large social media audience, the designer could get their work in front of large audience of people on Instagram, Facebook, Pinterest, and other platforms worldwide.

They could also showcase testimonials of people raving about their work. Seriously, social proof can work wonders!

Next, I’d recommend that they invest into learning sales skills, by buying books or online courses or watching free videos on YouTube. Once they know how to sell with confidence, they could offer their design skills to businesses at a higher price point than what their employer is paying them now.

Not only would this create a second stream of income for the designer, but they would immediately benefit from the abundance of tax advantages available to business owners, because they would be selling their services directly.

Invest in yourself

Third, the designer could target high income opportunities, such as designing landing pages for ad campaigns for individuals or companies who are running paid media ads. To do this, they would need to learn about designing to drive sales conversions. Most likely, this would require an investment of time or money to acquire this higher level skill-set.

Once the designer acquired the capacity to design for sales conversions, they could command a high price point up front, plus ask for a share of the revenue produced from the ad campaign over time. Now we’re away from the chump change and talking about some real money.

If the designer also studied buyer psychology (the psychological triggers that cause people to buy), they could command even more money on top of that. If you want to acquire this skill, go grab the book Influence.

Ask yourself…

  • Do you think a designer working for a single employer will make more money?
  • Or, do you think a designer who works for an employer and who has huge social media audiences showing hundreds of client testimonials and who knows how to pick up the phone to sell to companies who are spending $500K a month on Facebook ads and who knows how to design landing pages for sales conversions will make more money?

The answer should be obvious. Simply put, the second designer has made themselves more valuable to the marketplace by stacking new skills on top of their design skills.

The first one has not.

My Experience With Skill-Stacking

My background is in Biotechnology and Molecular Biology, so many of my peers are scientists or work for biotech companies.

However, I went a different route years ago and chose to buy an online course that taught me about blogging and search engine optimization (SEO). This allowed me to create an exponentially more profitable opportunity for myself.

Today, I run the world’s largest stem cell industry blog, BioInformant.com, which attracts nearly one million unique visits per year.

Through that site, I have an automated process for selling digital products to biotech and pharma companies, as well as consulting services, site ads, and more. Over time, I studied online marketing, sales funnels, high ticket sales, buyer psychology, and more. These skills “stacked” nicely.

It was these early investments into myself that changed my life and positioned me to move into larger income-producing investments, such as real estate, in the future.

An Extraordinarily Valuable Combination

In short, skill stacking is about combining normal skills into an extraordinarily valuable combination of skills that few people have.

This, my friends, is how you can readily 2X, 3X, or even 10X your income.

Will it happen overnight? No. Will it require you to invest in yourself? Yes. Will it take work? Of course.

However, can it change your life in profound and powerful ways? YES, without a doubt. 

Join 250,000+ readers who are learning Cade’s secrets, like how to budget, increase income, invest for cash flow, increase confidence, or lose 10 pounds, fast.

Are we connected yet on social media? If not, let’s make it happen: Instagram | Twitter | Facebook | Pinterest

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“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

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Or, listen to Cade’s articles on the go as a Podcast.

Because it’s the New Year, let’s talk about ch Because it’s the New Year, let’s talk about change...

For a long time, I’ve thought about top surgery. I remember when I was 6 or 7 years old when I wanted to run around outside on a hot, sunny day with my shirt off…and I first saw my parents… hesitate. Ughh. 

It wasn’t their fault but I still remember that heart wrenching feeling. To their credit, they ultimately said, “Ok, go do it!” While I did “do it”, I remember the feeling of shame that crept in.

Over the years, being in affirming sporting/rugby circles helped suppress the urge to get top surgery, but it never quite “stayed down.”

So last summer I got keyhole #topsurgery. I’ll talk about recovery in another post because it was definitely weird to not strength train for months.

But in THIS post, I want to share two things:

1. I am SO grateful to my wife Erin for being the supportive and growth oriented partner that she is. 🥰🙏❤️ 

She is now following her call to get a divinity degree and she’s already working in ministry as a Pastor in Training at an incredible, inclusive Presbyterian church here in Virginia. I am grateful to her for supporting me as I become more and more of who I am—and I’m enjoying watching her do the same! Love you, babe!

2. Second, I’m grateful to get to share who I am with my family. This summer we took a trip to Madden’s resort in MN to celebrate my parent’s 50th wedding anniversary. (It was actually their 52nd, because we had to postpone it twice due to Covid.)

I was nervous to be in the pools and lakes around them, but I could feel it was my only choice because I knew I wanted them to “know me”. And, how could that happen if I “hid me”?

Ultimately, I have to tell you…it was freeing to be me, as I am, who I am. 

I had the BEST time splashing around and biking and goofing around with my wife, niece, nephew, & sister. 🌊🏖🐟

So, I suppose, this is a gratitude post to thank those who have supported me over the years as I become more and more of who I am. 

Top of that list is my wife, Erin, but there are countless others. ❤️

If you’re reading this, thank YOU for being one of those people in my life too. I am deeply grateful. 🥹
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#lgbtqfamily #nonbinary
How to set a boundary? 🤔 . . . . #lgbtqia #lgb How to set a boundary? 🤔 
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#lgbtqia #lgbtqcommunity #emotionalhealth
What do you do if you’re telling a past story ab What do you do if you’re telling a past story about someone who has transitioned? 🤔 Share a 💯 if you agree ➡️🏳️‍⚧️🏳️‍🌈
7 things I got clarity on in 2022: 1. Good and b 7 things I got clarity on in 2022: 

1. Good and bad are labels. All things are experiences. 

2. Maturity is taking full responsibility for oneself. 

3. Having a loving, conscious relationship with myself is a core value. 

4. Emotions do not mean that anything has to be done. 

5. When I am in congruence with what I want, I have it. 

6. I have permission from myself to stop doing anything that doesn’t lead to my peace and empowerment. 

7. Stepping toward emotions and being able to feel them is a superpower. It determines the quality of my life. 

(Are there any above that you’d like me to further explain?)
 
Most importantly, which # above resonates with you? ⬆️

Happy New Year, y’all! 🎊🥳
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#lgbtqcommunity #lgbtqiaplus #lgbtsupport #nonbinary #trans #selfgrowth
Interview with Jenny Nguyen, Founder of the Sports Interview with Jenny Nguyen, Founder of the Sports Bra—The World's 1st Bar to Only Play Women's Sports - shorturl.at/doGHZ

I'm excited to introduce you to today's #podcast guest, Jenny Nguyen, who is a professional chef, elite athlete, and entrepreneur.

I invited Jenny onto the podcast because she has done something extraordinary that is long overdue: She has opened up a sports bar that exclusively plays women's sports!

Despite extensive research, Jenny hasn't found another sports bar worldwide that ONLY plays women’s sports.

Given that it's nearly 2023, this is mind-blowing. As a lifelong athlete, I find her vision compelling and inspiring.

Aptly called the "The Sports Bra", the venue is putting Jenny's culinary skills on display alongside women's sports worldwide.

The Sports Bar has taken its mission a even further by partnering with and elevating other local, women-owned businesses.

Specifically, it:

1. Sources its grass-fed beef from @CarmanRanch, an ranch run by Cory Carman, a third gen rancher out of Wallowa, Oregon).

2. Sources its alcohol from Freeland Spirits, an all-women owned and operated distillery out of NW Portland.

3. Has furniture built by @girlsbuild_org, a non-profit organization headed by @ktmhughes in Portland, OR, that teaches carpentry and construction skills to young girls as a path to empowerment.

Since opening the Sports Bra this April, people have come from ALL over the U.S. and the world to experience it—including many professional female athletes.

To learn more about Jenny as she makes history, features women's sports, and elevates women-run businesses, listen to the episode here:

shorturl.at/doGHZ

Or, you can check out the Sports Bra at:

@thesportsbrapdx
TheSportsBraPDX.com/

Have you heard of the Sports Bra or been out to experience it in person?

#lgbtqiaplus #womenownedbusiness #lgbgtqia #lgbtqcommunity #womenssports #womeninsport
Over this recent holiday stretch, we… - enjoye Over this recent holiday stretch, we… 

- enjoyed some quiet time at home
- got a sauna delivered (but not yet installed)
- decorated for the holidays
- baked a bunch
- visited our favorite farm
- did some sight seeing
- and perhaps, most importantly, survived the cold snap along with our feather friends (who lived in the garage for a few days so we could heat them with a space heater) 🥶🐔

How have the holidays treated you…and did you get hit by the winter storms? ❤️🎁☃️❄️
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