Five ways to increase your income now maybe you’re working at a job right now or maybe you run your own business as a global educator and a mentor of mentors. Today I will teach you, five proven ways to increase your income, both from an employee perspective as well as from an entrepreneur perspective.
The number one to increase your income is to become more valuable as an employee you see if you want to radically increase your income you must make yourself more valuable. I always tell my team members that you don’t have to beg me for your paycheck or pay increase, at the same time.
I’m not going to beg you to do your job, I can tell you that one of the biggest challenges as a leader as a CEO of a company is defining good people, finding enough good people to launch new projects or manage any of the profit-generating. Projects that we have, the right companies were always more than happy to pay you above-average pay. If you are willing to put in the above-average work you see most people they just work hard enough not to get fired they do the bare minimum.
They never go the extra mile because they treat what they do a job instead of a career but not you so. I want you to ask yourself these questions, how can I become more valuable as an employee, how can I add more value to the company, how can I become irreplaceable, how can I bring in more revenue, how can I work better as a team member, how can I improve myself what can I learn if you focus on that instead of just treating as a job, you will become more valuable and once you do that what you also want to do is advertise your worth, now I don’t mean like taking credits.
I’m talking about telling people what they need to know. This is what I’m working on the is what the problem that I have seen for the company and sometimes when you’re working with team member the right company you might want to also give some credit to your team members. let them take care of something credit – so you work well as a team right when the time is right then you can approach your manager or the boss the right kind of boss and you would tell them hey you know what here’s.
What I’ve done here the results are created for the company back by your track record back by your performance then you can ask for more payment. That’s how you increase income then also promised them once you get the increase in payment of what more value things are going to do for the company after that in the future so that’s the very first way to increase your income and that is to become more valuable as an employee. The second way to increase your income is to move into your company’s profit stream, you see there are three kinds of jobs in the business world, the first kind is what I call technical jobs, I’m talking about the legal department the accounting department. The financial department, those are the technical jobs. The second kind of jobs is operational, jobs I’m talking about customer service, I’m talking about product fulfillment or sometimes some positions in the accounting or finance department.
The third kind of job is what I call revenue generating jobs, these are the rainmakers for the companies, these are the people, the team members that contribute directly to the company’s bottom line. Who am I talking about? I’m talking about salespeople, I’m talking about marketers, I’m talking about copywriters, I’m talking about the leader who leads the team or the employees to produce revenue for the company. you notice operational jobs usually in the copper world they are the lowest paying kind of category in the corporate world why because those jobs could easily be replaced by somebody else they can find people to replace those positions and if You do good do a good job as an operational, you make good money if you do a great job in those positions, you also make you know modest pay raises but you never make the money that you want what you want to do is you want to be the Rainmaker for your company.
You want to find out how money it’s made within the organization I use a very simple formula and it’s called a 10x value formula or for bigger company it could be 20 to 50 X, value what he means as if you are the revenue generator for the company that you work for, you want to deliver more value, let’s say you want to make an additional twenty-five thousand dollars in a year you want to find a way to add enough value to increase the company’s profit by two hundred and fifty thousand dollars a year then it’s easy for you to get that 25k now for bigger companies. It could be twenty could be fifty times because they have more expenses more overhead more infrastructure but for high-growth company if you pick the right company the 10x is very simple you want to make a hundred thousand dollars more for like for yourself find a way you bob your skill help the company to make an additional million dollar in profit and you will get your 100k it is that simple so you can’t just say oh I want to make more money find a way to become the leading revenue generator for your organization the third way you can increase your income is to become an entrepreneur now what do I mean it means that you become an entrepreneur within your organization you are still an employee but with an entrepreneurial spirit I have a number of entrepreneurs in my company in my organization.
It means that they are utilizing my brand, my resources, maybe my capital, maybe my customer list to start a project, it could be initiated. It could be a business within a business or brand within a brand they’re basically acting this many CEOs within my umbrella. My company, so if you’ve got chops if you can deliver result and you are creative you can approach the Reich to see you and say you know what I’ve got this idea and I believe I can run with it I’m gonna run the whole thing all I need is just a little bit of help from the company so if I could take off you know what I’m willing to share a majority profit with the company but let me kind of do my own thing and believe in entrepreneurial now this is a very good way to Quantico start your business and increase your income because now you’re not going out there in the fucking harsh world and starting from scratch you are you are exercising your entrepreneurial creativity your spirit at the same time you’re still within the protection kind of under the umbrella.
it’s a very powerful way to start your business I’ll give you a perfect example many years ago I had an employee working for me and it came up to me one day with the idea hey Dan I think I could lead this project is it is it possible that you let me run with this and you know I just need coaching from you maybe let me mock it to the list and give me limited resources I don’t even need a ton of resources I could manage this I said okay you know what so then he basically started business within my business and he ran with it and we started off the relationships he owns 10% of that company I own 90% of it because I funded most of it he didn’t put any money he only put in some sweat equity and we set the goal if we hit certain milestone I would up his percentage so his certain milestone he’d get 20% 30% 40% eventually 50% and so right and we did we did and we launched that he did 90% of the work I just gave him some coaching from time to time he was an entrepreneur and we hear certain milestone from his percentage from 10% to 2250 to eventually actually 80 and eventually at the very end actually sold all my shares to him he owns a hundred percent I’m very proud of that he owns a hundred percent of that gets laid on my career has changed and I no longer want to focus on so many little mini projects I thought you know what you do so well you’re running the business anyway there’s not a ton of value that I could add and it doesn’t fit my overall vision so I said here you go so he bought me out and now he runs a little successful seven-figure business I’m very proud of him he’s a perfect example of an entrepreneur so that’s a very very good way to increase the income the fourth way to increase your income is to develop your high income skill not if I high income skill as a skill that can make you $10,000 or more per month beyond your job and beyond your business now the beautiful thing about high income skill is this number one notice I said high-income skill not a high income job and not a high income. Profession you see when you have high-income skills are a transferrable profession is not even though maybe you’re making a high income. Buys in a certain vertical in a certain profession once you jump out of that your income drops.
However, high-income skills you can combine them you can combine different high-income skills in one profession to traumatically increase your income. I’ll help thousands and thousands of my students around the world to develop their high-income skills with our college degree and in a matter of weeks not in a matter of years. Just like college if you want to find out more click on a link below so that’s the second beautiful thing about high income skill you don’t need years to develop your high-income skill the third thing that’s beautiful of all high-income skill is this that your worth is not dictated by your employer or your company it stated by you how much you make it’s all determined by two things and two things only number.
One of your skill level number, two the perception in the marketplace how the marketplace precedes you now if you want to find out more I made a video on the various high-income skills that you could develop today click on the I button above and find out more number five the fifth way to increase your income is to use your high income skill to start a side business so now you have your high income skill assuming that you’re making at least $10,000 a month or a hundred and twenty thousand dollars a year now you can use that skill set that you have developed to start a side business to develop that secondary stream of income and not a stable income stream so example let’s say one of your high income skills is search engine optimization you know how to optimize website for Google so you get more traffic let’s say you’re charging money good money on money for that you can now use that skill to start let’s say your ecommerce business to sell your own products and services on Google or let’s say your high-income skill is Facebook advertising or Facebook marketing now you can also use your Facebook management and marketing skill to start let’s say an affiliate marketing business. Where you’re promoting other people’s products and services and get a commission in between, you see how that works that’s the power once you have the skill set. So those are the five ways that you can use today to increase your income.
Now comment below which one resonates with you the most pick one don’t get greedy don’t try to do all five, just pick one, if you want to double or triple your income in months and not years and you want to find the most effective way of doing that click the link below and join me for special training where I’m going to teach you exactly. How do you do that, how do you develop their skill sets and how do you get it out there in the marketplace so you can increase your income in minimum time.