How to Get a Raise At Your Job
Summary
- Understand how your role impacts the company's revenue, even if it seems indirect.
- Recognize that every employee, including customer service, contributes to profitability through actions like ensuring repeat business and reducing refunds.
- Aim to enhance activities that drive revenue, such as improving customer satisfaction that can lead to commanding higher prices.
- Encourage clear communication with your boss about how your performance can be aligned with the company's revenue goals.
- Seek objective metrics from your supervisor that correlate your efforts with earning potential.
- If your direct boss doesn't have the answers, don't hesitate to ask them to consult with higher management.
- Approach conversations with the understanding that by helping the business earn more, you're also advocating for your personal financial growth.
Video
How To Take Action
To really boost your business or your own growth, identify how each job helps make more money. Even if your job doesn't seem related to cash, like customer service, it's still important. Work hard so customers want to keep coming back.
Here's what you can do:
- Start thinking about how what you do every day helps the company earn more. Even small things can count!
- If you help customers, remember that good service means they might buy more and ask for fewer refunds. That's more money for the company.
- Always aim to make customers super happy. When they love what you do, they'll pay more and bring friends.
- Talk to your boss. Ask how your work can connect to the company making more money. This chat is a big deal.
- Want clear goals? Ask your boss for numbers that show how you're helping the biz make more dough.
- If your boss doesn't know, it's okay to ask them to chat with their boss. It's all about finding out how you can help more.
When you talk to your boss, make it clear: You want to help the business earn more, and if you do, you'd like to share a bit in the success. It's good for you and the company.
Quotes by Alex Hormozi
"you have to figure out how your job directly ties to revenue in the business"
– Alex Hormozi
"fundamentally every position in the business makes the business more money"
– Alex Hormozi
"if I do a good job people will come back and buy again"
– Alex Hormozi
"if I do a good job we'll have a lower percentage of people who will refund"
– Alex Hormozi
"if I do a good job the business will be able to command higher prices off of Word of Mouth in the future"
– Alex Hormozi
Full Transcript
you have to figure out how your job directly ties to revenue in the business fundamentally every position in the business makes the business more money I mean even if you're like I'm a Frontline customer service like if I had to ask that person like how do you make the business money the answer is if I do a good job people will come back and buy again if I do a good job we'll have a lower percentage of people who will refund if I do a good job the business will be able to command higher prices off of Word of Mouth in the future feel like okay well then if those are the things that drive Revenue then I'm going to try and focus on those things and then you can ask your boss and this is a great question is what would it take for me to make this and then they can give you an objective metric now your boss might might not be high enough and then you say cool can you ask the person above you by doing it that way you're also being clear like I want to make the business more money and in doing so I would like a small percentage of the increase that I'm able to bring
