IDEA ECONOMY SKILLS: How to have good ideas that are original and become valuable?

in #economy7 years ago (edited)

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When the forces of ABUNDANCE start to make scarce things abundant, they change a lot of the assumptions we have about life.

Many default paths in the knowledge economy depended on specialised skills or scarce information to earn an income.
Lawyers, pilots, IT managers, accountants and other professions that currently are held in high esteem because of their earning power, are all in danger of seeing seriously reduced compensation: they are going to find that their skills and knowledge are becoming abundant, meaning it's free on the Internet, somebody from say Asia can do it cheaper or someone figures out software or a robot to automate it.

So what's the solution? Like I explained in my post about the IDEA ECONOMY, we all are going to have to learn new skills.
One obvious skill to develop is ability to have original and valuable ideas.

Most of us aren't really used to having or creating original values of ideas, and would confuse having ideas with reading books.
While books are indeed vehicles for sometimes fantastic ideas, they are not YOUR original ideas:
and they are only valuable to you if you can apply them in your world successfully.

So books might provide you with a great starting point but to have original and valuable ideas, you need more.
You need to mix other ideas with your own, and find ways to start executing ideas.

I find James Altucher to have a very useful philosophy around this concept:
His metaphor is that this capacity is like an idea muscle: if you don't exercise it, it is weak and your ideas won't be much good.
His quote:
IDEAS ARE THE CURRENCY OF LIFE. Not money.
Money gets depleted until you go broke.
But good ideas buy you good experiences, buy you better ideas, buy you better experiences, buy you more time, save your life. Financial wealth is a side effect of the “runner’s high” of your idea muscle.

I think this is going to apply more and more in the future. The option of being a generic corporate "drone" and earning a decent income is fast going to disappear as we transition out of the knowledge economy.
Because, if your job can be described in terms of productivity, a real drone or computer can and will take it from you.
If that is not yet technologically possible, your company probably is spending most of the time cooking up ways to outsource your job.

So time to get creative, literally... being a generic knowledge economy professional is a sure way to becoming obsolete.
You have to become valuable because of what you offer is something that can't be outsourced, automated or is not easy to find.

The original post from James is here, it is very long but might be the most lucrative post you read long term, IF YOU APPLY IT!

Some excerpts on how to start building your idea muscle:
http://www.jamesaltucher.com/2014/05/the-ultimate-guide-for-becoming-an-idea-machine/
" A) WHAT DO YOU MEAN – “IDEA MACHINE”?

You will be like a superhero. It’s almost a guaranteed membership in the Justice League of America.

Every situation you are in, you will have a ton of ideas. Any question you are asked, you will know the response. Every meeting you are at, you will take the meeting so far out of the box you’ll be on another planet, if you are stuck on a desert highway – you will figure the way out, if you need to make money you’ll come up with 50 ideas to make money, and so on.

After I started exercising the idea muscle, it was like a magic power had unleashed inside of me. It’s ok if you don’t believe me. Or maybe you think it’s bragging. There are many times when I don’t have ideas. But that’s when I stop practicing what I am about to advocate.

Try it for yourself. I’m not selling anything here. I have no reason for you to try this. I just want to share my exerience. It’s like part of your brain is opened up and a constant flow of stuff, both good and bad, gets dropped in there.

From where? I don’t think about it and I don’t care. But I use it.

In early 2009 was one of those times when I desperately needed to do this. I was fulltime either trying to find a girlfriend or I was trying to start a business or both. I was also going broke in the stock market and losing my home (until I personally saved the entire stock market – see my book).

Every night, I’d have waffles for dinner and a bottle of wine and start writing ideas down. This is before I went paleo (no waffles!) and stopped drinking alcohol (five years sober!) and I was writing 10-20 of the most ludicrous ideas a day down.

And you know what ? It worked.

B) How do I start exercising the idea muscle?

Take a waiter’s pad. Go to a local cafe. Maybe read an inspirational book for ten to twenty minutes. Then start writing down ideas. What ideas? Hold on a second. The key here is, write ten ideas.

C) Why a waiter’s pad?

A waiter’s pad fits in your pocket so you can easily pull it out to jot things down.

A waiter’s pad is too small to write a whole novel or even a paragraph. In fact, it’s specifically made to make a list. And that’s all you want, a list of ideas.

A waiter’s pad is a great conversation starter if you are in a meeting. Someone at the meeting will eventually say, “I’ll take fries with my burger” and everyone will laugh. You broke the ice and you stand out.

A waiter’s pad is cheap. You can get about 100 for $10 (but you can get one for free here). This shows you are frugal and don’t need those fancy moleskin pads to have a good idea.

Oh, and I just found out another reason for a waiter’s pad while I was writing this. Someone with alcohol on his breath, a bottle in hand, looking like he could crush me with one hand, just came up to me in the cafe I’m sitting at and asked for money. I held up my waiter’s pad and said, “Can I take your order?” and he said, “OH!” and he walked away.*

D) Why ten ideas?

If I say, “write down ten ideas for books you can write” I bet you can easily write down four or five. I can write down four or five right now. But at six it starts to get hard. “Hmmm,” you think, “what else can I come up with?”

This is when the brain is sweating.

Note that when you exercise in the gym, your muscles don’t start to build until you break a sweat. Your metabolism doesn’t improve when you run until you sweat. Your body doesn’t break down the old and build the new until it is sweating.

The poisons and toxins in your body don’t leave until you sweat.

The same thing happens with the idea muscle. Somewhere around idea number six, your brain starts to sweat. This means it’s building up. Break through this. Come up with ten ideas."

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did your ideas make you money?

In a sense yes, they allowed me in my professional field to distinguish me from the competition (generic consultants who regurgitate generic material in a highly competitive environment).

Been invited a few times for all expenses trips to Brazil for instance to talk about those ideas.
It attracted the attention of an Australian company that wanted me to instruct their clients in Asia.
I get paid about 6 times more than I normally get for training courses developing and instructing my "novel" 3 day course delivered in person.

Now I am thinking about adapting that material to Udemy or some such because I think there is a hunger to hear something different than the tired old generic cruft...

So yes, I'd say the new ideas are paying off. It was not easy though, took me a good 3 years.
If I tried to play the game like the rest of the field I am one more generic consultant with the same story.

The trick is to convert your ideas into something tangible people that people are willing to pay for, and now with steemit.com that threshold has been lowered DRASTICALLY.

yeah i sell courses on udemy and skillshare already, it's a nice steady bit of income every month to pay for some food and internet. i understand what you mean by generic.

this was interesting to me. ..

'If I tried to play the game like the rest of the field I am one more generic consultant with the same story'

sounds like you have a lot of angst with knowing that your potentially better and want to express that through your own story and narrative, which is good, if you have a better solution and it works for people you'll be all set.

as for the 'trick' i've found for me it's polishing your ideas visually, bringing that value that people can see and define for themselves, let them see the iteration of making it better (not shining a turd but actually making things more professional) and smaller drip feed amounts instead of selling lifestyles, those lifestyle people give me the creeps! :)

Being generic is being doomed to ever more diminishing income until you are totally obsolete.

I think visual communication is huge, and another very underestimated skill. It is another reason why I am experimenting with video courses. The written stuff does not have the same impact!

check me out if you want - https://www.skillshare.com/r/user/teamhumble - you get the first 2 months free but DO cancel your card before the term otherwise they try and charge you for year. saying that, skillshare has some great learning content you can't find on youtube - or i can send you a free link if you find a course of mine you wanna check out!

way ahead of you! already on Skillshare, before I bought a metric F*ckton of courses on Udemy (on discount of course) but I find the Skillshare model is better. Still need to go through the Udemy courses fully...
Skillshare is more on demand and as long as you see a course or two a month and APPLY them it is more than worth it! People would do well in their life to cancel netflix and subscribe to something like skillshare.

Checked out your courses on Udemy, did not see you in skillshare yet, will be sure to check them out!

yes APPLICATION is key, new template course i built in obs is gonna be rad as it really helps the viewer which i think is needed for motivation - https://steemit.com/livestreaming/@teamhumble/building-master-scenes-in-obs-19-0-2 - it's done using OBS. took me AGES to make all the scenes and sources but works better the way my brain works for making courses! :)

wow your audio quality is excellent!
I am eternally cursing about getting mine to decent level (live next to a very noisy avenue)
Here is a free one of mine: already 2000 followers, must do something about making the advanced version!
https://www.udemy.com/acsgroup-basic-refresher-course-of-sms/learn/v4/overview

Is Udemy still worth it you figure? I'd do it for referral value for the consulting business but not sure if the revenue is there for a niche topic like this...

Welcome to Steemit :)
I follow u, follow me back if u want lot of fun and amazing picture every day.

Altucher has a very unique take on things!

I believe the idea machine book was written by his (ex?) wife, but I first read about it on his blog also.

The book is a nice bouncy read, but I got pulled away from it to some extent so need to revisit it and try out some of the "tasks".

Speaking of James, one of the best books I've read so far this year is his newest one; "Reinvent Yourself". If you've got kindle unlimited it's free, but it's a pretty inexpensive book in kindle format and well worth the money.

When I start writing my book reviews I'll be covering both of those books for sure. (Choose yourself is damn good too!)

I tended to buy most of what James Altucher wrote, especially because his books tend to be cheap.
Read the "Choose yourself" one, treasure trove of new filters to put on the future of work.
The one by his (ex? dunno) - wife was just OK, because it was cheap I wasn't disappointed. Some good info in there and helpful examples.

Lately I start getting pushy investment advice mails from his newsletter, so kind of off putting. He's a bit bi polar it seems, great upswings and then really downwards (which he then makes money of writing about the excruciatingly stupid stuff he did)

Anyway glad I did not have to try his mistakes myself... from that angle it makes his stuff more believable and authentic than most of the rah rah "Look at me" success authors who all have a polished origin story "Started out with nothing after graduating from Harvard"- type stuff...

Tim Ferriss is borderline there, that's where he started at but he has definitely grown and learned lot. 4 hour work week has it's value but I agree the "war stories" are at times abit chewy. I think he's the first to admit he is a middling writer trying to improve...
Anyway, I read it in 2010 after I already made up my mind to go backpack for a year. The thought principles in the beginning really matched my own (the mini retirement etc.)
In my year on the road I never applied the business stuff, still kicking myself because there are definitely people who are living the 4 hour workweek. I met many!
I find many of the concepts of his book stuck with me so I rate it highly. Come to think of it I have not had a 9-5 job since reading it and am pretty location independent. Coincidence? I think not....

His podcast is truly worldclass. Very eclectic guests, I try most of them although some guests are not in my sphere of interest, even then I walk away with interesting stuff.
I especially like his interviews with the obscure scientist etc, the famous ones are entertaining but more snack food although he comes from a very different angle: the Arnold Schwarzenegger one was surprisingly good.

Fantastic interview with Ricardo Semler (SEMCO) Josh Waitzkin, which turned me on to his "The art of learning" you mentioned in another reply. That one I enjoyed as an audiobook and seemed profound at the time but I have not really internalised it. It did not really stick with me...

Scott Adams' book is a weird one, I think it came a bit ahead of it's time as his books tend to do. But it definitely has legs, I'd give it 2 years and everyone will be talking about that one... very useful strategies to deal with an uncertain world and understanding your own mental processes. (he is going to be a pretty big Youtube and Periscope starr and whatever else he wants to)

Fascinating to se him deploy his system over time. At the moment he is having fun with winding people up with Trump stuff, but once in a while there is a true gem Check this out, great for Steemit.com writing (although I need to watch and apply it more myself)

You're right about Altucher's books, they are usually well priced and you can always find something in there to make them worth the purchase.

I agree about his newsletter too, I gave up on that a while back. (I'm guessing you've seen the weird presentation videos to an audience of nobody? That's just odd to me lol).

I might have to give 4HWW another go if you managed to get something out of it. I've got "Tools of Titans" (his latest one) on my to-read list too. I haven't listened to too much of his podcast either, so might have to do more of that.

Good point on the Art of Learning, I think if it was a shorter book with the key bits only and less backstory it could have been more "sticky".

I think Scott calls releasing things earlier than they are ready as having "built in timers". He could just be great at spotting where things are heading though, and trying to put a bit more spin on things. ;-)

I might drop a comment on his blog, or twitter and see if he'll join steemit, that'd be interesting. :-)

I just watched that video the other day btw! XD

Very good advice for sure. I also need to rewatch it to make more of it stick. In fact, I'll probably watch it again after I've hit the "post" button.

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