There's two ways to go about this. The "simpler" one is to offer your knowledge as a service ("consulting"). If you know a lot about a particular problem area, you can sell your time.
The votes are in! It looks like you want me to do a thread on monetizing your knowledge. There's quite a bit of ground to cover here, but I'm up for the challenge of doing it in a monster thread :)
So here we go: Monetizing Knowledge, from the ground up - the Thread. [1/39]
There's two ways to go about this. The "simpler" one is to offer your knowledge as a service ("consulting"). If you know a lot about a particular problem area, you can sell your time.
I like to think there's a relatively simple formula for this, and comes down to doing the same thing over and over again: Solving problems.
In fact, you can think of it a little like mining.
If you can identify describe something in terms of a problem, you're already halfway to solving it.
It could be anything from "how do I make this app suck less" to "how do I become a famous writer?"
* Researching and understanding the problem space
* Learning what others have done
* Trying new things yourself
* Solving the problem for others
It's a place where people gather to buy and sell things. They can be physically located somewhere, accessible over a different channel (like online stores), or purely virtual (like Twitter).
And Marketing?
The activity of making yourself visible in a market.
The easiest way to do this? Identify, discuss, and solve your favourite problems in public.
* People love the inside/authentic look
* Being an expert in the problem is just as valuable as being an expert in the solution.
This has another, even more crucial benefit: Exercising your ability to articulate problems and solutions. When you get to sales, this matters.
Now let's zoom into effort. There's a few different things you'll be doing in pursuit of your solution.
For us, solving the problem is the least important thing about solving the problem. The most important stuff? Understanding *how* to solve it. Or, to make it clearer:
You now end up with 2 outputs:
Simple answer: Other people don't have the solution yet.
This is what you're doing when you're learning from others.
That knowledge, in and of itself, is a solution to a problem.
Several ways to do this, all of them made easier by the internet's tools and reach.
This is why you want to market early and often.
The opposite of building and launching traditionally. And it worked.
There's two answers to this question. The first, and only universally correct answer to "how much should I charge?" is "whatever the market will bear".
But let's do some math here. You know that you can exchange time for money, right?
This is just so we can approximately quantify things in money terms. You'll see why in a minute.
* Spend 100 productive hours of your time?
* Spend R500 and save 80% of the effort?
Or, in math terms:
* Spend R5000, or
* Spend R500 + (R5000 X 20%) = R1500
Everyone's going to weigh the value of time and money differently. Some enjoy doing things and learning the hard way (me, usually), others want the solution as quickly as possible, and will pay for the shortcut.
Those are your best customers.
* Find the average hourly rate of your target market
* Estimate how many hours your solution solves
* Sell at a fraction of that.
Excellent example: https://t.co/j44Y1sAbCg
Then quit his job.
* The Formula
* Mining for Knowledge
* Marketing and Packaging
* Pricing
* Practical examples
Now for the last topic: Putting this all into practice.
You've been marketing as you went, so you have an audience. So what now? Distribution.
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These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5
The full story of || Dhruv ||
We’ll see How Dhruv occupied a fixed position in the northern sky?
I repeat “Untold Unsung now Unearthed”
Go through entire thread carefully.
OM NAMO BHAGWATE VAASUDEVAAY
RT & spread the knowledge.
Any questions use #AskPratz
.... continuing from previous thread/story
O prince! Thus concentrate on that omnipotent eternal Lord with the mantra - ‘OM NAMO BHAGWATE VAASUDEVAAY’ .
https://t.co/H62ehDT3ix
So you too go and recite the same mantra in order to please Lord Vishnu.
— Prateechi \U0001f6eb\u2708\ufe0f\U0001f6e9\ufe0f (@BahuRaani) February 6, 2021
\u2026To be continued
It\u2019s a beautiful long story. Read it to your loved ones.
(Next Weekly Thread)
We\u2019ll see How Dhruv occupied a fixed position in the northern sky?
Stay Tuned
Jai Maa
_/\\_ pic.twitter.com/7TxdNsoZes
The prince Dhruv greeted the sages and continued on his journey. At last, he reached a beautiful forest Madhuvan on the bank of the river Yamuna. It was the same forest, which was later occupied by a demon Madhu.
Shatrughana, the youngest brother of Sri Rama had killed demon Lavan, son of Madhu in the same forest & founded the township of Mathura. In the same forest, prince Dhruv decided to carry out his penance. As per the dictate of the sages, he began to recite the mantra continuously
Very soon, the earth began to move because of Dhruv’s severe penance. Even the seat of Indra could not remain stable. A stampede resulted among the gods. The gods then hatched a conspiracy to disturb the penance.