How To Become An Expert In Your Industry

How does learning how to become an expert in your industry, and earning money as a result sound?

If you want to achieve massive success in the business world, you need to be perceived as a go-to expert.

The online learning industry has exploded. People are investing up to $350 million dollars on self-education every single day. Forbes estimates that this number will triple in the next five years. 

People are looking for experts, like you, who can help them solve their problems. Ready to discover five steps that will allow you to become an expert in your industry?

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The knowledge business is a $129 billion dollar per year industry.

Self-education has become the new norm, in large part, due to the Internet. More and more people are consuming content online, via blog posts, YouTube channels, and podcasts. More importantly, they are taking action with the knowledge that they are consuming. They are doing things like investing in training programs and courses, attending seminars and joining Mastermind Groups.

In many ways, self-directed learning is more efficient. Whereas traditional education focuses on broad knowledge, self-directed learning focuses on specialized knowledge. In the words of James Altucher, “We’re in an idea-based economy and a skill-based economy, not a certificate-based economy.” 

The knowledge industry provides a lot of opportunities for you to grow. In his book, Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else, Geoff Colvin argues that niche expertise is essential to become a top performer and reach your highest potential.

The benefits of being an expert are far-reaching. Not only will you be deemed as credible by others, but the skills that you offer will set you apart from industry competitors. Even better, people will pay you more for your products and services.

Ultimately, the #1 reason why you should learn how to become an expert in your industry is for the impact that you will make on peoples' lives. At the end of the day, that's the most rewarding part of the entire process towards becoming an expert. If you make it your focus to serve others,  you will naturally get rewarded with the credibility, respect, and money that you deserve.

Here are five steps that will allow you to become an expert in your industry.

1. Study 

Once you've identified the niche that you want to be an expert in, you've got to study. If you want to become an expert, you've got to take your own self-education very seriously. You can't just read a few books and call yourself an expert. Rather, you have to go deep with knowledge so that you know a subject inside, out.

I take what I do very seriously. My work is more than just a hobby or a passion. This is why, over the last 15+ years, I've been working on myself every single day. I am always investing in coaches, trainers, and joining Mastermind Groups. By investing in myself, I am also investing in my expertise, which in turn, allows me to add more value to others.

2. Apply

I believe that the best way to to learn is by doing. Knowledge means nothing unless you apply it. There's a big difference between absorbing information and putting what you've learned into practice. Without doing the latter, the training you've received will go to waste. Don't be a seminar junkie, otherwise known as someone who consumes information but does nothing with it. This will only limit your experience and your ability to actually impact people.

When I went to University in my early 20's I took one marketing course. I dropped out in the first semester because the professor that I was learning from studied marketing out of a textbook. He had never actually run a business before. I would much rather learn from someone that has actually applied whatever it is that they are talking about. I ended up dropping out of college. It was the best decision that I've ever made.

3. Get Results

People are looking for people who are getting results in their lives. You can do something once in a while, but that doesn't necessarily mean that you're going to get results from it. This is why you've got to apply what you learn on a consistent basis. Doing so allows you to show others that you actually know what you're talking about. This is where expertise comes into play. In the words of Jill Koenig, “Results will show up when you do.” 

4. Share Or Teach

If you want to become an expert, you must share or teach what you know. This is one of the best ways to learn and master something. Knowledge isn't meant to be hoarded. Rather, it is meant to be shared with others. Research shows that in the information age, sharing knowledge and connecting with people is critical for success, innovation and picking up on the early signals of change. 

When you share something that you teach, you learn it twice. The information that I share forces me to practice what I preach every single day. I can't expect people to do what I say if I'm not doing it myself. I teach things that make a difference in peoples' lives, which in turn, supports my personal growth and development as well. It's a win-win.

When I first started Project Life Mastery in 2012, I wasn't an expert. I was just sharing my goals, successes, failures, and challenges. By no means did I wait until I was an expert to share my knowledge. I simply came at it from the position of being passionate about things that had personally benefitted me. Once people started getting results from the content that I was sharing, they perceived me to be an expert. 

5. Get Credibility 

You gain credibility and are viewed as an expert once you've established yourself in the first four levels. Doing things like publishing books; speaking to large audiences; and being a guest writer on different online magazines, like Forbes or Entrepreneur, all help to elevate your credibility.

Even having a certain number of followers on your social media channels helps. It shows people that you are someone who others want to follow. More importantly, it shows that you are someone who has built a brand, which further supports your message. 

Now that you know how to become an expert in your industry, it's time to take action!

I encourage you to follow the above five steps. The world needs more people like you that want to serve and become a leader in their industry. Whether you know it or not, you already have value to give to people. Share your knowledge and wisdom with others. That is what will allow you to help others while building your expertise at the same time.

Are you ready to become an expert in your industry?

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