Today I share my 5 high income skills that will help you make passive income in 2020. These high income skills have helped me make my passive income ideas into a reality and now I make over $25K in passive income.
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I like to imagine the skills as a ladder and the more of these skills you master the higher you can climb towards that passive income. You may think you can take a massive jump to get there and you don’t need a ladder but if you take this approach you are likely to fall and get smashed before you have even got going.
#1 High Income Skill: Leadership. So by being a strong leader I was able to direct other people's skills and talents into my business. This freed up a lot of my time and created lots of passive income for me. I could take some time off when I wished and not be worried about the business losing money. I could use that extra time to think about starting a few new side hustles.
#2 High Income Skill: Time Management. Quite often this time may be traveling too far for work or simply laying on the sofa watching TV being bored. I don’t know if you have checked out the documentary on netflix called ‘the social dilemma’ but I found it fascinating how social media is stealing our time from us. This just makes time management more important than ever. Freeing up your time can help you start building passive income streams that will pay you while you sleep!
#3 High Income Skill: Negotiation. One of the first times I realised the power of negotiation was when I was called up by a Hollywood film crew who were working on the movie Black hawk down. From that one deal I earnt enough to buy a rental unit which then went on to generate me lots of passive income. Instead of charging based on my time I charged based on the value I would bring to them. I had the power to save them lots of money so therefore I could ask for much more than I first thought.
It’s very hard to make enough extra money to invest if you are only charging based on your time. That's why learning how to negotiate based on value is really important.
#4 High Income Skill: Selling. Having the skill of selling is all about being able to make something stand out from the competition. Maybe that means selling yourself in a job interview and getting a high paid job or selling your products. The truth is that those who have the ability to sell are much more likely to make much more passive income as they understand how to make something irresistible.
#5 High Income Skill: Networking. I get deals come across my desk everyday due to my big online and offline network. A couple of years ago I was given the opportunity to buy an entire business and all of their products. Just by selling these products online I was able to make over 300k in pure passive income.
CONTACT:
For business inquires only, please use this email: mark @marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Hi guys it's mark, some of you may have heard the saying: skills pay the bills, it might sound a bit cliche, but i think it's very very true. I was talking to someone the other day and they said no mark. I know all about passive income. I don't really need any skills, i'm just going to go and sit on the beach with a laptop and drink pina coladas all day long.

I mean that sounds good, but here's the problem. Imagine that elusive passive income - it's right up here, but you just can't reach it, no matter how hard you try, even if you're six foot four like me, that's why i thought it was about time. We talked about skills that you need to get there. I like to imagine it like a ladder, the more the skills you master, the higher you can climb towards that passive income.

This is how i was able to build a passive income of over twenty five thousand dollars per month, and that's not even counting all my other income streams, but building this ladder was definitely not easy. I had to learn my skills through the school of hard, knocks and experience, so today i thought i would make the video i wish i had when i was younger and by the end my goal is for you to know the skills that you need to make Up each stage of the ladder and share with you the golden rule that ties them all together, sound good well, first of all, you need the materials to make your ladder, and we've got a special on today. It's just one big smash of that like button for the youtube algorithm, so the first step on the ladder is leadership, skills, no matter what you want to do in life, the ability to lead and inspire others will help you along the way, especially when you're trying To free up your time to make some of that sweet, passive income school really didn't teach me any leadership skills. This is probably because the modern education system was designed to teach future factory workers to be punctual and docile are not free thinkers and leaders.

That's why it's very common for c grade students to actually hire a student. To be honest, i can't even spell dyslexia, so that's how dyslexic i am. I just had to jump in and learn from experience when i first started my business in my twenties. I was working seven days a week without any vacations.

I knew that if i didn't make it work, then i'd have to go back to my nine-to-five job earning minimum wage and feeling trapped. So i decided it was time to hire my first employee. My first employee was actually 20 years older than me now. This felt really strange at the time, but i wanted someone with knowledge.

His name was dave whenever i thought of a good idea that would move the company forward instead of just telling dave to do it. I like to make him think that it was his idea in the first place. This reminds me of one of my favorite films inception. They go into someone else's dream as they place an idea into their head, so they think it's an original idea.

I've always found that when someone thinks an idea is theirs they'll work a lot harder and do a much better job as they want their idea to succeed. This freed up a lot of time and created lots of passive income. For me, i could take some time off from time to time when i wish, without the business losing any money. I could use that extra time to think about starting a few new side hustles, it's all about accepting that you aren't the best at everything and finding the right people to help you out just take elon musk.
For example. He can't know everything about electric cars. Space travel and neurology, so he hires the top people that do because he's a great leader of people and people love to work for him, sometimes for less money than they could earn elsewhere right. So the next step on the ladder for me has to be time, management skills being a time.

Lord is the real key to making passive income, and i don't mean going back and win the lottery, although that would be very nice, but the reality is once you master your time, you can spend it starting a new business or a side hustle, but maybe, more Importantly, you can manage other people's time better. This came in really useful for me when the wages in china started increasing and it became more and more expensive for me to produce my products abroad. I flew out to the factory determined to find some kind of solution. It was great that the workers were getting paid more, but i also needed to find a way to reduce the cost.

In order to keep the business successful, i completely redesigned the production line, which meant that we're able to make double the amount of products in half the time. This simple change nearly doubled, our profits and it's all, because we were able to find a more efficient way of doing things. The factory also adopted my strategy across the board, as it was a much better way to operate and make more profits in less time. For the owner and still pay higher wages for his employees, everyone was happy now, maybe you're not dealing with factories in china, but you might be able to look at your life and see where you're losing valuable time.

Quite often, you may be losing time by traveling too far for work or simply laying on the sofa watching tv being bored. I don't know if you've checked out the documentary on netflix called the social dilemma, but i found it fascinating how social media is stealing time from us. This makes time management more important than ever, and freeing up your time can help you start building passive income streams that are going to pay you. While you sleep now we come to the negotiation step.

This is probably one of my favorite skills as it can help anyone get more from life from kids asking for a later bedtime to negotiating million dollar deals. It's really unlimited one of the first times i realized the power of negotiation was when i was called up by a hollywood film crew who were working on a movie called black hawk down the whole film relied on black hawk model helicopters, but they had a problem. The model helicopters they were using for the film were 40 and it was holding back their entire production. They came to me and asked me how much i would charge to fix the models and come out to morocco and fly the helicopters.
Firstly, of course, i just thought about charging what i would normally charge in my everyday business, but i decided to use some of my negotiation skills. I did a bit of digging around and eventually found out that if they didn't have these helicopters flying by the end of the week, they would lose as a fine 350 000 in negotiation. This is known as finding the black swan. Knowing that one piece of information can give you such an advantage, instead of charging based on my time i charge based on the value i would bring to them, i had the power to save them lots of money.

So, therefore, i could ask for more than i first thought it's very hard to make enough money to invest if you're only charging, based on your time. That's why learning how to negotiate based on value is really important. For that one deal, i earned enough to buy a rental unit which went on to generate me lots of passive income, so we're almost at the golden rule. The fourth step is the skill of selling.

When people think about sales, they often think about a sleazy old salesman who wants to rip them off, but that's actually just the bad ones. Having sales skills is more about helping. The other person realize that you're the clear choice when you're making passive income you're, usually selling some kind of service or product. If you're not able to close the deal, then you're not able to make any money.

It's as simple as that i learnt this skill when i was flipping cars as a teenager. I'd always buy cheap cars that i liked fix them up and then sell them for a profit. One day i was selling one of my favorite cars. It was a ford escort mark ii and it was hard for me to see it go because i spent so many hours on it until it was absolutely perfect.

But at this time i didn't have any choices. I didn't have much money and i really needed to sell as soon as possible because i needed to escape the debt. I was in, i arranged a meeting with the most promising buyer, but instead of meeting him where i live, i decided to meet him on a posh private estate. This was to create a feeling of trust, as if he was more comfortable, he would be more likely to buy the car.

When the guy arrived, i offered him a test drive and while we were driving around, i made sure to have a good chat with him. We talked about everything from his job to his family. This was so. He liked me more as people are more likely to buy from people that they like.

I also mentioned that the color was rare for this model and there were not many of them around. This introduced a little bit of scarcity as if he didn't buy from me there, and then he was not going to be able to find another one. I was determined to get top price and i was ready for a hard negotiation, but because i'd done such a good job, i needed worried. He paid full price wait for it.
This is because i've managed to hit many of the mental triggers like trust, likeability and scarcity. You can also use these mental triggers to help you sell anything. Having the skill of selling is all about being able to make something stand out from the competition. Maybe that means selling yourself in a job interview and getting a high paid job or selling your product.

The truth is that those who have the ability to sell are much more likely to make much more passive income as they understand how to make something irresistible so step. Number five is probably the skill that i overlook the most but has created me the largest amount of passive income networking. When i started my business, there was lots of entrepreneurs that used to meet up for coffee mornings. I always thought that they just wanted an excuse to go out for a chat and feel like they were working, but now i'm slightly older well just slightly.

I really understand the importance of having a strong network. I say all the time that your network is your net worth at the time. I wasn't the most sociable guy, so coffee mornings really weren't the right place for me, but as soon as i started, racing cars and playing golf lots of new opportunities came my way. It's all about being yourself and building the best network possible.

I get deals coming across my desk every day, due to my big online and offline network. A couple of years ago i was given the opportunity to buy an entire business and all of their products. Just by selling these products online, i was able to make over three hundred thousand dollars in pure passive income. Now, for the golden rule that ties all of these together, i see so many people that think the skills are just one.

Size fits all, but most successful people know that they're able to adapt to each situation and person that they come across the same style of negotiation won't work with everyone. The same is true with leadership time, management selling and networking. So my golden rule is to always keep learning and adapting every time i come across someone different, so i'm always honing my skills and moving forward. I don't want my ladder to ever get rusty, so i'm going to leave the next video right up here, but don't click on it just yet.

If you want to grow your wealth, then consider subscribing to the channel ring that old bell and smash that, like button, alright i'll catch, you on the next video.

By Stock Chat

where the coffee is hot and so is the chat

26 thoughts on “5 things you need to know before making passive income”
  1. Avataaar/Circle Created with python_avatars Manny the Miner says:

    I just found this channel. After graham stephan, andrei jikh, meet kevin and minority mindset. You already becoming one of my fav! I am trying to get all your wisdom 🙈

  2. Avataaar/Circle Created with python_avatars Jim Hubbard says:

    How much are you worth and how did you build your original wealth? I don't think you did it with anything that you have mentioned here.

  3. Avataaar/Circle Created with python_avatars harshid Singh 9A says:

    You are experienced and helping non experienced people like me. Good to see that. I like you sir

  4. Avataaar/Circle Created with python_avatars Wilhelm Larsson says:

    Make a video of things you could say and mention in a jobb interview and tricks to make them like you, and important things if you have to think of when deploying some one and things like that.

  5. Avataaar/Circle Created with python_avatars Spire says:

    1. Leadership
    2. Time management
    3. Negotiation
    4. Selling
    5. Mental triggers

  6. Avataaar/Circle Created with python_avatars Carmine Tambascia says:

    You are my savy grand dad that I never had. Neither my grand dad actually. Many of those skills I realised myself but are hard to built up

  7. Avataaar/Circle Created with python_avatars Mark Tilbury says:

    Please report and ignore any comments directing you to WhatsApp numbers and brokers. Youtube has an issue with scammers at the moment!

  8. Avataaar/Circle Created with python_avatars Mrwhösethébôss says:

    This year has been a very tough one and a bit rough for everyone due to the Covid-19 outbreak. However, it is best advised we should work smart, look out for multiple streams income and get more involved with online trading. For me, trading forex still remains my best, every market always gives us an opportunity to take advantage of, this is the right time to invest and make money trading the market. Find a wining strategy, Find an account manager to help you manage trades and generate profits. As a trader, this year has been my best, I accumulated more because I was guided by a professional trader

  9. Avataaar/Circle Created with python_avatars Mr H says:

    I thought skills paid the bills was in football only 😅 you learn new things everyday

  10. Avataaar/Circle Created with python_avatars Parc Ferme Auto spa says:

    Blimey this is chaos, thought I recognised the name and voice ModelWorld Notcutts big tall and Ginger, always used to chuckle when you ran out to reel back in a disgruntled Customer you served me many a time👍 good to see you’ve done well fella👍

  11. Avataaar/Circle Created with python_avatars myrt crioy says:

    I make structured deposits on gekkoin and get passive icome with it.

  12. Avataaar/Circle Created with python_avatars frank Alexis says:

    Nice video, Bitcoin is what everyone out there needs to invest in right now

  13. Avataaar/Circle Created with python_avatars Keenan Kenmuir says:

    I found this channel at the perfect time. You can tell he knows what he is talking about

  14. Avataaar/Circle Created with python_avatars Tobe Leo says:

    Hi Mr. Mark. Thank you so much for this. Can you recommend a book on negotiation and networking sir.

  15. Avataaar/Circle Created with python_avatars Sarah Deanna says:

    Hi Mark, Ive got a good business idea where I’ve identified a gap in the market for something, I’m also passionate about it! But I’m a 9-5 worker and have no idea where to start! Any tips?☺️

  16. Avataaar/Circle Created with python_avatars ItzjustRilian says:

    Can you make a tutorial on how to make a custodial account on vanguard?

  17. Avataaar/Circle Created with python_avatars Marc Ashu says:

    Hi! I’ve almost finished reading the book “Rich Dad, Poor Dad” and the author has recommended learning about sales and Marketing. Do you have any books you could suggest to me on this topic? Your response would be appreciated ever so much!

  18. Avataaar/Circle Created with python_avatars Dustin Watson says:

    Mark Tilbury u mentioned learning how to buy and sell crypo on another channel. I would like to learn more this strategy

  19. Avataaar/Circle Created with python_avatars Robert Murdock says:

    hey hello sir I have a question where is a good site or place in put the money that you earn online ? like where to deposit ??

  20. Avataaar/Circle Created with python_avatars Tobmaster 69 says:

    I’m the guy from TikTok who said “What’s the chances this guy isn’t actually a millionaire and he’s just giving out advice for this dream life that he never got😂” all ima say is this comment makes me look like a mong now that I’ve seen some of these videos

  21. Avataaar/Circle Created with python_avatars Eelis Kokkonen says:

    A brain surgeon would be fun in my country the pay is 30 000€ per month

  22. Avataaar/Circle Created with python_avatars Eelis Kokkonen says:

    Hi again so i just googled what is an astronomers income and I was really suprised that it’s 4805€ per month. I’ve been calculating and I can to the result that I could invest 1500€ a month. I’m so suprised it wouldn’t take long to retire.

  23. Avataaar/Circle Created with python_avatars LordZJ says:

    Hi Im 16 student I live far from the city I only have my Mobile Phone and atleast stable net. I dont wanna continue living like this my parents are vegetable farmers I have no plan of being a Millionaire for now but how can I earn extra income online as I said I only have my phone.

  24. Avataaar/Circle Created with python_avatars Tord Iversen says:

    Hey Mark!
    I was wondering if eToro is trustworthy for new traders? I want to start trading and investing when i turn 18 but I don't know where to start. Any tips?

  25. Avataaar/Circle Created with python_avatars mirigu miri says:

    Sar plese help me i dont have house my family plese help me i need money meking house plese sar good vedio i see send numbar you .🙏❤

  26. Avataaar/Circle Created with python_avatars Aiden Garcia says:

    Hi Mark I’m 15 and I have a question as to how to start to make money. I am working in a job but I want to know what I should do with my money.

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