CAN YOU MONETISE AN INDUSTRY WITHOUT BEING THE EXPERT? - Jack’s Curated Business Idea
CONTENT
CAN YOU MONETISE AN INDUSTRY WITHOUT BEING THE EXPERT? - Jack’s Curated Business Idea
CONTENT
1. Value Chain
2. Case Studies:
3. Catering
4. Content Creation
5. Entertainment
6. Football
7. Housing Management
8. Medicine
9. Tailoring
10. Plan
11. Legalities
12. Methodology
13. Remuneration
14. Requirements
15. Disclaimer
16. Food For Thought
Are you passionate about an industry, but haven’t got the core skills to monetise? If so, this presentation may solve your problem.
1. Value Chain
In most industries, there’s a value chain. Most processes go through a value chain before the final product becomes live. I shall touch on this in individual case studies.
2. Case Studies:
3. Catering
For catering, the value chain includes:
• Marketers
• Social media managers
• Caterers
• Human Resources professionals
• Mentors and coaches
• Suppliers
• Logistics
• Quality control
• Content creators
• Equipment designers
• Equipment merchants
• Strategists
• Administrators
• Customer services
• Investors
• Affiliate marketers
- Entrepreneurs
- Etc.
4. Content Creation
For content creation, the value chain includes:
• Writers
• Video editors
• Social media managers
• Publishers
• Marketers
• Editors
• Proofreaders
• Profit-sharing managers
- Administrators
- Content repurposing
- Researchers
- Artificial intelligence manager
• Bloggers
• Investors
• Affiliate marketers
- Entrepreneurs
- Etc.
5. Entertainment
The value chain for entertainment includes:
• Entertainers
- Administrators
- Entrepreneurs
- Marketers
- Managers
• Social media management
• Investors
- Affiliate marketers
- Merchants
- Relevant Professionals
- Logistics
- Etc.
6. Football
Football is a very popular sport, and many people want to become footballers. However, there’s more to the value chain than being a footballer. It includes:
• Footballers
• Pundits
• Medical personnel
• Coaches
• Administrators
• Scouts
• Agents
• Social media managers
• Marketers
• Merchants (for boots, jerseys, etc.)
• Administrators
- Crowd management
- Logistics
- Planning
- Insurance
- Trainers
- Linguists
- Publicists
- Legal
- Ticketing
- Crowd control
• Customer services
- Investors
- Supporters club
• Affiliate marketers
- Wealth managers
- Etc.
7. Housing Management
The value chain includes:
• Rent officers
• Housing officers
• Administrators
• Information technology
• Repairs
• Marketing
• Human Resources
- Customer services
- Void management
- Training and development
- Best practice
- Legal
• Investors
- Cleaners
- Etc.
8. Medicine
The value chain includes:
• Doctors
• Nurses
• Medical professionals
• Entrepreneurs
- Information technology
- Related Professionals
- Insurance
- Administrators
- Publicity
• Surgeons
• Specialists
• Trainers
• Investors
- Lawyers
- Etc.
9. Tailoring
For tailoring, the value chain includes:
• Tailors
- Fashion designers
- Related Professionals
• Marketers
- Equipment designers
- Social media
• Equipment merchants
• Entrepreneurs
• Training and development
• Packaging (of clothes)
- Logistics
- Etc.
10. Plan
Before embarking on a career or engagement in an industry:
1. Search the value chain for roles that suit your personality.
2. Ensure the industry resonates with you.
3. Equip yourself with relevant training and skills.
4. Carry out due diligence and search for opportunities.
5. Take relevant action.
11. Legalities
Be aware of relevant legalities, such as:
• Regulations
• Regulatory bodies
• Terms and conditions
- Age requirements
- Etc.
12. Methodology
If a particular industry interests you:
1. Consider where you fit in the value chain.
2. Upskill as necessary.
3. Apply for related opportunities.
4. Continue to improve your value proposition.
5. Monetise.
6. Scale.
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13. Remuneration
Before deciding on your choice:
• Research the remunerations.
• Is it in line with your expectations?
• Are there opportunities to increase your income?
• Could the income satisfy your lifestyle?
• Is there scope to have multiple income streams?
- Could the hours of engagement suit your lifestyle?
- Etc.
14. Requirements
In order to monetise an industry, either as an employee, entrepreneur, investor, or collaborator, you need to:
• Research the industry.
• Have relevant skills.
• Be passionate about the industry.
• Have relevant capital (cash, kind, or both).
- Deliver on the requirements of the industry.
15. Disclaimer
This presentation is essentially an idea. Great financial rewards are not guaranteed, though there is potential for such. You need to carry out your due diligence and perfect the idea to hopefully reap great financial rewards.
16. Food For Thought
As you can see, you don’t need to be a footballer to monetise the football industry. And you don’t need to be a doctor to monetise the medical industry.
However, you need relevant capital (skills, money, effort, etc.) to leverage the value chains on offer.
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