Make More Money As An Employee
Summary
- One way to earn more money as an employee is to negotiate for a smaller base salary in exchange for a share of the company's upside.
- If you can show how your work directly impacts the company's profits, you can propose a performance-based pay structure.
- By taking on more risk, such as a lower base salary, you position yourself for higher rewards.
- This approach shifts the financial risk from the business owner to you, the employee.
- If you're confident in your skills and results, asking for less upfront money could increase your overall earnings.
Video
How To Take Action
I would suggest implementing a strategy where you negotiate your salary to have a smaller base in exchange for a share of the company’s profits. This can be a game-changer if you believe strongly in your skills and results.
A good way of doing this is by clearly showing how your work directly impacts the company's bottom line. Maybe you identify the key performance indicators (KPIs) tied to your role and demonstrate how your contributions boost the company’s revenue or savings.
By taking on more risk with a lower guaranteed salary, you position yourself for higher rewards if the company does well. This means you'll need to back your proposal with confidence in your ability to drive results that matter to the business.
Think about it this way: if you're making a significant impact, this approach not only aligns your goals with the company’s growth but also shows you're invested in the company's success. It could lead to an increase in your overall earnings, taking your income from fixed to potentially limitless based on performance.
So, trust in your skills, track your results, and start a conversation with your employer about shifting to a performance-based pay structure. It’s low cost and high value, making it a smart move for personal growth and financial gain.
Full Transcript
one of the easiest ways to make more money as an employee is go to your employer and ask for less money here's how it works anybody who can directly tie what they do to what a company makes can then say hey instead of giving me this base I'd like a much smaller base so I can have more participation in the upside and so what you're actually doing is Shifting the risk from the business owner to you and whenever you take on more risk you will be entitled to more reward and so if you know you're good at what you do ask to get paid less
