If you are reading this, then you’ve probably been thinking about starting your own business for a while.

You likely know in your heart and your soul that the 9-5 is not for you, and are ready to break free from your day job and become your own boss! However, you may be having a hard time defining your business idea. 

Well, the good news is that you likely have several skills that you could use to build your biz. Read on for some tips to help you identify your unique money making skill so you can build your very own business around it.

How to identify your sellable skill

What is a service based business?

Put simply, you have a skill and people want to pay you for it.

You don’t need to reinvent the wheel to build a thriving business. You can take your existing skills and put them to work in a business of your own.

Every person has at least one (and often many!) valuable skills that they can sell. These can come from professional experience, life experience, or simply things that you are naturally good at! 

Common service-based businesses include:

  • Social media managers
  • Copywriters
  • Virtual assistants
  • Nutritionists
  • Coaches
  • Graphic designers
  • Pinterest managers
  • Personal trainers, and so on… 

Whatever service you offer, you can build your very own business around it!

How do you start a service-based business?

The first step towards starting your own service based business is to identify your unique money-making skill.

Think about this: what skill do you have that could help others? Because if your skills can help solve a problem for people, then they are likely going to be willing to pay you for them. 

How to define your service-based business idea:

Every person has at least one (and often many!) valuable skills that they can sell. 

Your unique money-making skill would be a combination of:

  • Something you have experience with
  • Something you are naturally good at
  • Something you love doing
  • Something people are willing to pay for.

Here are some ideas to help you get started. 

Grab a pen and paper and make a list of your unique skills:

  • Think about skills that you may have gained through formal study, hobbies, or past employment
  • Consider personal experiences. Think about the big events in your life – did you go through a particular experience that taught you valuable lessons? Could you use what you’ve learnt to help others?
  • Think about natural skills. Most people tend to underestimate how valuable these are! This normally happens because the skill comes naturally to you, and you automatically assume that it would be the same for others. But this is not always the case. 
  • Think about things that friends and family are always asking you about. What do you find yourself giving feedback or advice on?

Once you have your list of skills, take a closer look to identify the one/s you could use to build your business! 

Think about services people would be willing to pay for. And a good way to go about this is to identify a skill that would solve a problem for people. These are usually things that would make people happier, healthier, or wealthier.

In conclusion: How to identify your unique sellable skill to build a business around it

There you go! Once you go through the steps above, you would have identified the unique skill (or skills) that you can use to build your business. That’s the first step towards starting your own business.

Need help identifying your unique money-making skill? Leave me a comment and let me know!