How to Get Paid More…

Summary

• The key to getting a big pay increase is to become someone who deserves it.
• Many people make the mistake of wanting high pay right from their first job.
• It's more beneficial to gain experience in an initial job to leverage for higher-paying opportunities later.
• You need to be able to state facts and prove your worth to earn a bigger salary.
• Demonstrate past achievements and potential future gains to justify asking for a pay raise.

Video

How To Take Action

I would suggest implementing strategies that increase your value and showcase your worth. The goal is to become someone who deserves higher pay by building a solid track record.

Start with Gaining Experience

First, focus on gaining experience. If you’re on your first job, use it as a learning opportunity. Take on extra tasks or responsibilities that allow you to build new skills. The more versatile you are, the more you can contribute, which makes you more valuable.

Track Your Accomplishments

Keep a record of your achievements. Create a simple spreadsheet or journal where you log completed projects, new skills acquired, and any additional responsibilities. Quantify your results as much as possible, like “Increased sales by 15%” or “Reduced costs by $5,000.” This will give you concrete facts to share.

Demonstrate Your Value

When asking for a raise or a promotion, back up your request with these achievements. Show how your contributions have positively impacted the company. State past achievements clearly and connect them to potential future gains for your employer. For example, “I streamlined the customer service process, reducing response time by 25%. If given more responsibility, I could apply this efficiency to other areas.”

Build a Future Case

Think ahead. Position yourself not just based on what you’ve done, but what you can do. Express your potential future contributions to the company’s success. For example, “Given my track record in optimizing processes, I believe I can improve other operational workflows, saving the company even more money.”

Low-Cost, High-Value Skills

Invest time in learning new skills that are relevant to your job but don't require significant financial investment. Online courses, webinars, and even books can be excellent resources. The key is to stay updated in your field and continuously improve yourself.

Network and Seek Feedback

Finally, network within your industry and seek feedback regularly. Getting input from peers or mentors can provide new insights into your performance and areas for improvement. This can also create opportunities for growth and collaboration.

By implementing these steps, you’ll become someone worthy of a higher pay increase and can confidently justify your request with facts and proven results.

Quotes by Alex Hormozi

"The thing that will get you the biggest pay increase is being someone worthy of a higher pay increase"

– Alex Hormozi

"They insist on having all these things on their first job rather than being willing to get the experience"

– Alex Hormozi

"Get the experience that they can then leverage to get the far bigger paying job in the future"

– Alex Hormozi

"Then they can state the facts and tell the truth"

– Alex Hormozi

"I'm just asking for a percentage of that"

– Alex Hormozi

Full Transcript

the thing that will get you the biggest pay increase is being someone worthy of a higher pay increase and so this is where a lot of people end up in hot water they insist on having all these things on their first job rather than being willing to get the experience that they can then leverage to get the far bigger paying job in the future because then they can State the facts and tell the truth that I really did this thing and I think if I did this thing for you you would make this much and I'm just asking for a percentage of that