The Most Easily Monetized Skills in Singapore

Sure, courses and self-upgrading can help you earn more income. But it depends on the course you take. A course in, say, advanced pencil sharpening probably won’t earn you as much as Autocad certification. The question is, which skills can actually be monetized? In this article, we look at what to spend your hard-earned time and money to develop. So that you can, eh, hard-earn more time and money:

 

Form says

No, no, I write for MoneySmart. Brain surgery is my part-time job. So you hiring or what?

 

The Long Term vs. Short Term Argument

It’s the biggest dilemma in self-upgrading: The long-term vs. short term conflict. To give you a basic example, let’s use English courses.

For short-term gain, Business English (workplace literacy) is one of the best courses you can take. Two months in, and your e-mails will have your boss crying at their poetic composition, begging you to let him frame them for his future grandchildren to admire.

On the other hand, doing a course in “pure” English (whether it’s vocabulary, literary appreciation, etc.) has the immediate payoff of a better-looking resume. When applying to be a fry cook at McDonald’s (No offense to anyone in that line).

How do you pick between the two?

It depends on your financial situation. The long-term courses can establish whole new career paths, but may take years to pay off. The short-term courses are great for side-businesses or immediate income.

For the purposes of this article, we’ll stick to short-term courses (great for side-income). For others, follow us on Facebook. Remember: Growing readership stops me from being fired.

 

1. Language Courses

 

Guy holding nose and another pinching ears, in the corner

Now repeat after me: I am misbehaving. I am a stock broker. These are synonyms in English.

 

Language is one of the most easily monetized skills. The following are a list of benefits, that comes from speaking any one language well. Not even being Shakespeare, but just speaking a language well:

  • You are able to convince people, because your statements make sense.
  • You can at least appear professional, in almost any job
  • You can read better, and you won’t be confused by complex e-mails, manuals, etc.
  • There is an almost universal need for content (technical manuals, websites, scripts, etc.)
  • There is a strong market for translation (especially Mandarin to English, or vice versa)

Language also has  the side-benefit of improving career options. It makes a better salesman, a potential copywriter, and a fantastic liar future Public Relations expert.

The best part is, many companies are able to subsidise workplace literacy programs. You may end up paying the princely sum of $30 (after most subsidies) for the upgrade of a lifetime. Pick business English.

If your company doesn’t provide this course, enroll yourself.

 

2. Accounting Basics

 

Fundamental Accounting Principles textbook

There really IS a 600 page definition for boredom.

 

Accounting is one of the most thrilling activities known to man. Just like Golf, cricket, and watching your toenails grow.

Accounting is also one of the basic needs of any business. SMEs (Small to Medium Enterprises) typically have need of accountancy services, but cannot afford to contract big firms. As such, an independent, accredited accountant can make a tidy sum.

According to Alton Soon, who has been a CPA for five years:

Most SME clients are not particularly time consuming. Even on an individual basis, I think it is possible to service a number of SMEs without any drop in service quality. While I would never claim that this will make you a millionaire, I do make a respectable amount by providing basic accountancy services to them.”

Alton also mentions that, in his opinion, accounting is more relevant to small business than actual business courses:

I think marketing and business administration are great in a corporate environment. But for running your own business, I think accounting has more practical value.”

 

3. Presentation Skills

 

Statue of St. Jerome

Some insurance firms take “Salesman of the Month” a bit too far.

 

For children, this is called speech & drama. If you’re a grown man and work for Apple, it’s called “being Steve Jobs”.

Presentation skills are about grooming, eloquence, and charisma. The most basic example of this is public speaking, which you can learn from Toastmasters. Presentation skills are also integral to side-jobs like emceeing, which we’ve discussed in a previous article.

I’m going to let you in on an open secret, in case you’ve missed it: What you say is just as important as how you say it. CEO’s, businessmen, and the guy who got promoted over you last month all prove it: The world belongs to the smoothest talkers.

Hey, I’m not defending it; I’m just pointing out the basic realities of business. If you can’t hold an audience, or sell your ideas, you’re forced to hire someone who can. Most successful start-ups and SMEs are run by salesmen – entrepreneurs, who possess more than technical skills.

 

4. App Development

 

Android logo

An app that tells everyone where you are and what you’re doing? That’ stupid, who’d want that?

 

Know how to make an iPhone / Android app? You just found some side income. You don’t even have to be particularly good at it; a lot of bosses will never use the apps they hire someone to make.

Apps are like the new version of business cards, or the legal department in your company: No one actually wants them, but everyone agrees they make you more respectable.

So if you have even the most basic idea of how to make an app, even if it’s just animating a stick-man with a mispelled logo, I bet someone will pay you to do it.

Please don’t misunderstand: I’m not suggesting that every app developer is a lazy rip-off with rudimentary programming skills. Many are artisans, who care deeply about their work, and put hours into the small detail. But it’s also true that most hirers have pretty low standards, and will pay you the same however the app turns out.

Either way, it’s an easily monetized skill. If you already have basic IT skills, may as well take a course. Otherwise, try one of the others on this list; it’ll be faster to learn.

Image Credits:
Jagz Mario, Shane Global Language Centres, jeff_golden, Ian W Scott, sidduz

How do you monetize your skill sets? Comment and let us know!

Get more Personal Finance tips and tricks on www.MoneySmart.sg

Click to Compare Singapore Home Loans, Car Insurance and Credit Cards on our other sites.



More From MoneySmart

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Oil rises in New York, buoyed by OPEC cheer AFP - 9 minutes ago

    Oil prices finished higher in New York on Friday, two days after producing countries reached the consensus needed for a production cut. However prices edged lower in London, failing to break the threshold ... … More »

  • US stocks rally as Deutsche Bank surges AFP - 11 minutes ago

    US stocks rose strongly Friday on news that Deutsche Bank was close to a settlement with US regulators over its sale of toxic mortgage bonds before the financial crisis. US shares of Deutsche surged 14.1 ... … More »

  • Markets Right Now: Bank stocks lead a rebound on Wall Street Associated Press - 13 minutes ago

    The latest on developments in global financial markets (all times local): 4:00 p.m. Stocks are closing higher on Wall Street, led by big gains in bank stocks. Financial stocks were bouncing back Friday ... … More »

  • Grain higher, livestock lower Associated Press - 23 minutes ago

    Grain futures were lower Friday on the Chicago Board of Trade. Wheat for Dec. rose 3 cents at $4.02 a bushel; Dec. corn advanced 7.50 cents to 3.3675 a bushel; Dec. oats was up 2.25 cents at $1.7825 a ... … More »

  • The Latest: Feds seek witness accounts of deadly train crash
    The Latest: Feds seek witness accounts of deadly train crash Associated Press - 40 minutes ago

    The Latest on a commuter train that crashed into a station in New Jersey, killing one person and injuring more than 100 others (all times local): 3:35 p.m. Federal investigators are asking anyone who witnessed ... … More »

  • Nutanix exceeds expectations in upsized IPO Reuters - 40 minutes ago

    San Jose, California-based Nutanix's share price exceeds the $13.40 value last placed on its shares in a 2014 funding round, an upgrade encouraging for the many unprofitable technology companies that, like Nutanix, have been weary of testing public … More »

  • Chinese yuan set to join IMF's elite currency basket
    Chinese yuan set to join IMF's elite currency basket AFP News - 41 minutes ago

    China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets. A symbolic coup for policymakers in Beijing, the move represents … More »

  • Canada's Fiera buys Charlemagne Capital, eyes more deals Reuters - 48 minutes ago

    Canadian asset manager Fiera Capital (FSZ.TO) announced it has bought London-based Charlemagne Capital (CHAR.L) for 40.7 million pounds ($52.8 million) and said it is in talks with several other targets. The Montreal-based firm wants to have C$200 … More »

  • Deutsche Bank woes keep stocks on steep slide
    Deutsche Bank woes keep stocks on steep slide Reuters - 56 minutes ago

    A fresh slump in Deutsche Bank's share price sent European markets into a tailspin on Friday and left world stocks sliding toward their worst week in three months. Hit by a string of fines for wrongdoing and a sharp fall in its revenues, Germany's … More »

  • IMF sets new SDR currency amounts to reflect Chinese yuan entry
    IMF sets new SDR currency amounts to reflect Chinese yuan entry Reuters - 58 minutes ago

    The International Monetary Fund said on Friday it set new relative amounts of the currencies in its Special Drawing Rights currency basket, reflecting the entry of China's yuan for the first time on Saturday. The IMF said each SDR, the Fund's unit … More »

  • Global stocks jump, euro steady as Deutsche Bank rebounds
    Global stocks jump, euro steady as Deutsche Bank rebounds Reuters - 1 hour 1 minute ago

    By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal ... … More »

  • Investigators want to question engineer in Hoboken crash
    Investigators want to question engineer in Hoboken crash Associated Press - 1 hour 9 minutes ago

    Federal investigators trying to figure out the cause of the deadly rail crash at the Hoboken station hoped to question the engineer and lift clues Friday from the train's black box recorders, though one ... … More »

  • Colorado gives marijuana candy a new look to avoid confusion
    Colorado gives marijuana candy a new look to avoid confusion Associated Press - 1 hour 48 minutes ago

    Wondering if that brownie contains pot? Colorado has you covered. A requirement that edible marijuana products come with a diamond-shaped stamp and the letters T-H-C — not just on the packaging but on ... … More »

  • Trump, Clinton feud by tweet-storm over beauty queen
    Trump, Clinton feud by tweet-storm over beauty queen AFP News - 2 hours 1 minute ago

    In an extraordinary clash that took an already bitter presidential contest down into the gutter, Donald Trump on Friday urged voters to check out an alleged "sex tape" of a former Miss Universe who backs Hillary Clinton, provoking the Democrat to … More »

  • Lagarde Urges China to Deepen Reforms as Yuan Joins Elite Group Bloomberg - 2 hours 19 minutes ago

    “The renminbi’s inclusion reflects the progress made in reforming China’s monetary, foreign exchange, and financial systems, and acknowledges the advances made in liberalizing and improving the infrastructure of its financial markets,” Lagarde said … More »

  • Q&A: Will Deutsche Bank become the next Lehman?
    Q&A: Will Deutsche Bank become the next Lehman? Associated Press - 2 hours 26 minutes ago

    Germany's biggest bank is looking shaky and some investors fear it could collapse and endanger the wider financial system. Some even wonder whether it might become the next Lehman Brothers, the U.S. bank ... … More »

  • Data storage provider Nutanix soars in market debut
    Data storage provider Nutanix soars in market debut Reuters - 2 hours 29 minutes ago

    (Reuters) - Shares of Nutanix Inc (NTNX.O), an unprofitable provider of enterprise data storage, soared more than 80 percent in their market debut on Friday, highlighting demand for tech offerings in what ... … More »

  • Here’s how dramatic BlackBerry’s fall has actually been
    Here’s how dramatic BlackBerry’s fall has actually been Business Insider - 2 hours 29 minutes ago

    BlackBerry is done making phones. The Canadian telecoms … Continued The post Here’s how dramatic BlackBerry’s fall has actually been appeared first on Business Insider. … More »

  • Sweden to join NATO strategic comms centre: director
    Sweden to join NATO strategic comms centre: director AFP News - 2 hours 37 minutes ago

    Non-aligned Sweden will join NATO's Strategic Communications Centre based in nearby Latvia amid heightened tensions with Russia in the Baltic Sea region, the centre said Friday. "Joining NATO's STRATCOM Centre of Excellence as a contributing … More »

  • Spain's Abengoa posts 3.7-bln-euro net loss in first half
    Spain's Abengoa posts 3.7-bln-euro net loss in first half AFP News - 2 hours 48 minutes ago

    Spain's debt-laden energy giant Abengoa on Friday posted a 3.7-billion-euro ($4.2-billion) net loss in the first half of 2016, as it seeks to seal a deal with creditors to ward off bankruptcy. The renewable energy firm has until an October 25 … More »

  • Oil heads for big weekly gain after OPEC-fueled rally
    Oil heads for big weekly gain after OPEC-fueled rally Reuters - 2 hours 55 minutes ago

    Oil prices were on track for their largest weekly advance in more than a month on Friday, supported by planned OPEC output cuts, but profit-taking after a two-day rally kept benchmark crude contracts below the key $50-per-barrel mark. Both Brent … More »

  • OPEC oil output hits record on Iraq, Libya boost - Reuters survey
    OPEC oil output hits record on Iraq, Libya boost - Reuters survey Reuters - 2 hours 55 minutes ago

    OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals. The increase comes despite lower output in top … More »

  • Dutch summon Russian ambassador over MH17 comments
    Dutch summon Russian ambassador over MH17 comments AFP News - 3 hours ago

    Dutch Foreign Minister Bert Koenders has summoned Russia's ambassador to the Netherlands over "unacceptable" comments by Moscow criticising a report into the downing of Flight MH17, officials said on Friday. "Responding to the presentation of the … More »

  • Deutsche Bank shares swing wildly amid stability concerns
    Deutsche Bank shares swing wildly amid stability concerns Associated Press - 3 hours ago

    Shares in Deutsche Bank swung wildly on Friday, touching a record low before roaring back to life, amid speculation about the stability of Germany's biggest bank and the European financial system. Having ... … More »

  • Check out the top-secret secret design studio where Ford created its GT supercar
    Check out the top-secret secret design studio where Ford created its GT supercar Business Insider - 3 hours ago

    Ford The Ford GT has been on an … Continued The post Check out the top-secret secret design studio where Ford created its GT supercar appeared first on Business Insider. … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.12+0.01+12.15%
    40F.SI
    0.115+0.003+2.68%
    40E.SI
    0.113+0.007+6.60%
    43E.SI
    3.97-0.05-1.24%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.186+0.025+15.53%
    AWS.SI
    0.12+0.01+12.15%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    1.35+0.11+8.43%
    U19.SI
    0.475+0.035+7.95%
    NC2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.36-0.24-40.00%
    AWG.SI
    0.20-0.06-23.08%
    AWI.SI
    0.27-0.03-11.48%
    BQO.SI
    0.30-0.03-9.09%
    5VP.SI
    0.265-0.025-8.62%
    BKA.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3633-0.0007-0.05%
    USDSGD=X
    1.5322+0.0022+0.14%
    EURSGD=X
    1.7671-0.001-0.06%
    GBPSGD=X
    74.3170+0.246+0.33%
    SGDJPY=X
    5.6876+0.0036+0.06%
    SGDHKD=X
    3.0337+0.0108+0.36%
    SGDMYR=X
    9,603.1357+60.4229+0.63%
    SGDIDR=X
    4.8902+0.0032+0.07%
    SGDCNY=X
    1.0438+0.0029+0.28%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,320.00-6.00-0.45%
    GCZ16.CMX
    19.24+0.05+0.24%
    SIZ16.CMX
    94.00-1.01-1.06%
    ^XAU
    2.21+0.02+0.98%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.04
    ^FVX
    1.61+0.05
    ^TNX
    2.34+0.06
    ^TYX