Hello and Welcome!
Do you want to make more money?
Woo hoo! Then get excited.
In this blog, I am going to share with you 5 steps to drastically increase your income or turnover, irrespective of whichever profession you are in.
Also, let me quickly warn you this is not going to be another get-rich-overnight technique.
Implement these 5 steps and you cannot stop more money from flowing into your life. Money will be a byproduct of you understanding and working on all these 5 steps.
There are two ways you can read this blog. You can either pause after each step to work on the questions and your action steps or you can go with the flow and take time to work on the steps at a go.
Either way, grab a journal and a pen, let’s get started.
Step #1: Understanding money
What is money? Is it just currency, paper or coins or something that you transfer electronically? So what is your idea of money?
If you want more money, it is really important to understand and change your perception about money if need be.
Money is nothing but a means of exchange for the value that you have got to offer.
So, always remember, Money = Value.
That brings us to the second step.
Step #2: Identifying the value that you offer
What problem or need are you solving? What value are you offering?
It does not matter if you are a photographer or a software engineer or a dentist or a hairstylist or an entrepreneur or a business owner. You are solving a problem or a need that someone else has. It can be health problem, financial problem or even fun problem. People have a need to relax, have fun and spend more time with their loved ones. If you are in the hospitality industry, you are solving this need for them.
So write down a list of problems that you are currently solving, either in your job or in your business.
And you are ready to move on to the next step.
Step #3: How unique, different or rare are you or your products or services?
There are hundreds of thousands of people doing exactly what you do. That is the reality.
But here’s the secret, the more unique, different and rare you are, the lesser the competition. Remember, it is always less crowded at the top.
So ask yourself, “What value additions can I bring to the marketplace? What additional knowledge, skills or expertise can I have that people will be willing to pay me more for?”
Make a list of what additional knowledge, skills or expertise you already have and what else you want to acquire and start working on them immediately.
Here comes the most important step, which will in fact get you more money.
Step #4: If you want more money, charge more. Period.
Especially if you are in the service industry, you might have fallen for this trap of, “If I charge less, I probably will get more clients.”
But by undercharging you are doing a disservice, both to yourself and to your profession.
Whether you like it or not, what you are getting paid is a reflection of what “you think” you and your services are worth. It has nothing to do with what others think about you and your services!
I was initially falling for this trap too. So every time a potential client said no to my services, this is what I did – I increased my fee.
And how did I increase my fee? By increasing the value that I offered.
So if you are following step #3 of adding more value to the marketplace, then charging more is not a problem.
Increase your self-worth to increase your net worth.
Step #5: Do not be the world’s best kept secret.
Do you feel like you are amazing at what you do, yet your bank balance does not say so? Then you are probably silently hoping and praying that people will somehow come to know about you!
There is no way someone else is going to blow your trumpet for you. Initially, you have to blow your own trumpet, but do such an excellent job that people will start doing it for you. In fact, you don’t even have to ask them!
So what can you do today to let the world know about you, about your products, about your services, about the value that you offer?
Okay, now you know all the 5 steps that will help you make more money. But here's the problem - Money does not come to "knowers," but flows easily to "doers."
Please leave me a comment below and let me know what you think.
To your happiness and massive success,
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