- 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, there are 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 @danlok 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 to finding good people, finding enough good people to launch
new projects or manage any of the profit generating
projects that we have. The right companies would
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 as 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 wanna do is advertise your worth. I don't mean like taking credits. I'm talking about telling people, hey you know what, this
is what I'm working on. This is what the problem that
I've solved 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 some of the credit too. So you work well as a team. 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 are the results I've created for the company. Backed by your track record,
backed by your performance. Then you can ask for more pay. That's how you increase income. Then also promise them, once
you get the increase in pay, what more value, what more things are you gonna do for the company
after in the near 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 corporate 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 person, you make good
money, if you do a great job in those positions, you
also make modest pay raises, but you'll never make
the money that you want. What you wanna do is you want to be the rainmaker for your company. You wanna find out how money is made within the organization. I use a very simple
formula, and that's called a 10x value formula,
or for bigger company, it could be 20 to 50x value. What it 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 $25,000 a year. You wanna find a way to add in a value, to increase the company's
profit by $250,000 a year. Then it's easy for you to get that 25k. Now for bigger companies, it could be 20, it could be 50 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 wanna make $100,000 more for yourself, find a way, develop your skill, help the company to make an additional million dollar in profit,
and you'll 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 intrapreneur. 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
intrapreneurs 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 initiative,
it could be a business within a business or a
brand within a brand. They're basically acting as mini CEOs within my umbrella, my company. So if you've got the chops,
if you can deliver result, and you are creative, you
can approach the right CEO and say, hey 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 kinda do my own thing and be a little bit entrepreneurial. This is a very good way to quote
unquote start your business and increase income because now you're not going out there in the fucking harsh world and starting from scratch. You are exercising your
entrepreneurial creativity, your spirit, but at the same time, you're still within the protection, kinda 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. Then he came up to me
one day with the idea, "Hey Dan, I think I
could lead this project. "Is it possible that you'd
let me run with this? "And I just need coaching from you, "maybe let me market to the list, "and give me a little bit of resources. "I don't even need a ton of resources. "I can manage this." I said okay. So then he basically started
business within my business, and he ran with it, and we
started off the relationship, he owns 10% of that
company, I own 90% of it because I funded most of it. He didn't put in any money, he only put in some small equity. And we set the goal if
we hit certain milestone, I would up his percentage. So we hit certain
milestone, he'll get 20%, 30%, 40%, eventually 50% and so on. And we did. We did. We launched that, he did 90% of the work. I just give him some
coaching from time to time. He was an intrapreneur. And we hit certain a milestone, from his percentage, from 10% to 20 to 50, to eventually actually 80, and eventually at the very end I actually
sold all my shares to him. He owns 100%, I'm very proud of that, he owns 100% of that 'cause later on my career has changed and I no longer wanna 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 intrapreneur. That's a very, very good
way to increase your income. The fourth way to increase your income is to develop your high income skill. Now I define high income skill as a skill that can make you
$10,000 or more per month beyond your job and beyond your business. 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, but it's in a certain vertical
and 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 dramatically
increase your income. I've helped thousands and
thousands of my students around the world to develop
their high income skills without college degree
and in a matter of weeks, not in a matter of
years, just like college. If you wanna find out
more, click the 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 about high income skill is this. That your worth is not dictated by your employer or your company. It's dictated by you. How much you make, it's all determined by two things and two things only. Number one, your skill level. Number two, (balls clacking) your perception in the marketplace. How the marketplace perceives you. Now if you wanna 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. (balls clacking) 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 $120,000 a year. Now you can use that skillset
that you have developed to start a side business, to develop that secondary stream of income. Another stable income stream. Example, let's say one of
your high income skills is search engine optimization. You know how to optimize
websites for Google, so you get more traffic. Let's say you're charging money, good amount of money for that. You can now use that
skill to start, let's say your own 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 skillset. 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 a special training
where I'm gonna teach you exactly how do you do that, how do you develop that skillsets and how do you get it out there in the marketplace, so you can increase your
income in minimum time.
