Blog Archive

Friday, April 03, 2009

How to get paid more money...

A question came in from this website on how to get paid more money. The big thing to grasp is this: You get paid for providing value to the marketplace.

High Value to the marketplace = High Pay
Low Value to the marketplace = Low Pay

The bank teller doesn't get paid as much as the bank president. Same bank and same employer writing the checks. Why does one get paid more than the other? The value brought to the marketplace!

To get paid more, you need to provide more value to the marketplace. Simple as that. Ask yourself this: What value am I bringing to the table? If there is not much there, then you need a plan to bring more value.

How can I do that?
  • Training
  • Learning more
  • Working on yourself (bring better attitude, better team player)
  • Marketing
  • Take on more work

The second issue is this: Are you effectively marketing yourself to maximise value and pay? The people that get paid well are awesome at marketing themselves to "highlight/sell" all that they bring in value.

Finally understand this: If there is nothing special about your work, there will be nothing special about your pay either! Be interesting and entertaining in your work, bring huge value, market yourself as special, and watch the chips start to add up!

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