There are plenty of ways to make money out of speaking. Here's how.
Sell your knowledge as your main topic
If you have extensive knowledge about a particular subject, you can find buyers to book you to speak and educate an audience. It is even better if you are already reputed as an expert in a certain field because you can find buyers more easily and you can also set higher fees.
People, in general, want solutions to their problems and they are willing to pay somebody to provide some educational information they can use. The desire to get rid of life's difficulties is a strong motivation and you, as an enlightened individual with the gift of speech, should capitalize on this desire. The public does not mind paying if you can actually deliver the goods. Audiences will even feel privileged to have listened to your helpful words.
As a result, you have done a good deed and get a hefty financial reward as a bonus.
Using your ability in speaking to generate sales or promote a business
Speaking ability can be used to persuade people to buy certain products. So if you are an entrepreneur trying to sell a product or service, you can use your gift of gab in your sales pitch. The art of persuasion is implemented in your speeches and you will be able to convince people that your product will benefit them. This is an easy way to secure a lot of customers and gain hefty profits.
With speaking, you can also promote your business in seminars. The main goal is to be perceived as an authority in whatever industry you are in. For instance, you could be an electrician giving a seminar on how to prevent faulty electrical arrangements. You can give expert tips and detailed information and at the same time, you are promoting your business. People will be aware of your expertise and most importantly, your business.
So when people have problems with their electrical system, they will remember your expertise and will probably avail your services. Public speaking is a great advertising vehicle.
Get sponsors that will pay you to get them associated in your speeches
This is a unique way of making extra money out of your speeches. You can get sponsors to pay you in exchange for their exposure. You will insert, either discreetly or blatantly, the sponsor's company or business in your message. They will make use of your ability to connect with people as an advertisement.
However, as you might have already presumed, this is only applicable to established speakers in the industry; the ones who are already considered celebrities in their niches. They are analogous to endorsers and their speech is the medium with which they promote the product.
