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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'm gonna teach you five proven
ways to increase your income both from
an employee perspective as well as from
an entrepreneur perspective I also know
that fans of my work who are sharing my
videos on whatsapp I want to thank you
and what I want you to do is I want you
to connect with me through my Instagram
at Dan Locke and DM me and DM my team I
might have a surprise for you
just acknowledge what you have done way
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 gonna 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 is 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 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 hey you
know what this is what I'm working on
the
is what the problem that I have saw 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
pay that's how you increase income then
also promised them once you get the
increase in pay
what more value what more things are
gonna 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
sales people 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 is 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
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 may be
my capital may be my customer list to
start a project it could be initiative
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
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
[ __ ] 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 a high
income skill skills are transferrable
profession is not even though maybe
you're making 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 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 there
skill sets and how do you get it out
there in the marketplace so you can
increase your income in minimum time