What are the ways to make more money? Have you ever wondered why most people struggle to earn more money although they work very hard?
Mostly because they don’t understand money. Money is not taught in school. I used to struggle with money as well until I learned some of the principles that I will be sharing with you.
Now I am not talking about the people who make money illegally I am talking about commerce in the business world. Most people earn money either by making a living or selling something or providing a product or service to society.
So if the money earned is a byproduct of value creation means the more value you deliver the more people you deliver value to guess what the more money you make.
Money doesn’t go to the people who need it the most. Money doesn’t care money is neutral money goes to people who know how to multiply.
Money goes to people who know how to add value so here are five proven ways that you can make today to earn more.
5 Proven Ways to Make More Money
#1 Add value to Things
Let me give an example let’s say you invest in a property now ask yourself the question what are some of the things that you could do to add value to the property?
- You will renovate the kitchen.
- You will renovate the bathroom.
- You will add an extra room.
- You turn the basement into a suite.
- You put some new paint or new carpet.
What are some of the things that you can do to add value to the property?
So if we’re thinking about adding value and increasing the value of the property. What happens? Now you can get more rent or you want to flip the property. If you want to sell it in the future now you can get more money and that’s how money is earned.
Let me give you another example can you add value to your product or service? For example, if you’re selling a product can you add a stronger guarantee? Can you add some bonuses that are not available anywhere else?
What about if you are selling a service what are some of the add-on services that you could add on to? What do you do without costing you a lot of money yet at the same time has a high perceived value to your clients?
#2 Add value to the Process
Think about middle management or even upper management what do they actually do besides mapping out the strategies?
What they’re actually doing most of the time for an organization is adding value to the process they’re looking at different processes within a company. It could be a hiring process. It could be a buying process. It could be an operation process. Whatever processes that they’re using to run the business they’re looking for ways to add value. They’re looking for ways to improve that.
Let’s say if you have a job and you’re working for a company right now and most people at a lower level they are only doing what they’re supposed to do. They’re only doing well this is what it is I’m just getting my job done instead of thinking about how can i add value to the process.
How could we make this more efficient? How could we make this more effective? How could I produce better results with less input?
So what you need to do is to add value to the process to make more money.
#3 Add value to sales and marketing
Now sales and marketing are revenue-producing activities within the organization. It doesn’t matter what you do. It doesn’t matter if you have a job or if you are a business owner.
If you look at your sales and marketing how could you add value to what you’re doing?
For example, if you are closing right now if you are in sales, and let’s say your closing percentage is one out of ten. So for every prospect, you talk to you close one.
So what if you could improve the way that you do that what if you can close a higher percentage? Let’s say instead of closing one out of ten you’re closing two out of ten. So not 10% but instead, you’re closing 20% what happens to income you’ve just doubled your income?
The reason is you’re adding value to sales and marketing and let’s say you have a funnel you have a sales page. You have a website and it is converting at a certain percentage. But by adding value to marketing you’re figuring out that maybe you could improve the headline or maybe you make some simple tweaks on just the page itself on the design and now you’re converting more clicks to leads. More leads convert to sales and you are adding value to sales and marketing.
If you have a sales team by training them by equipping them with better skills and better follow-up scripts you’re adding value to sales and marketing.
This is what a sales manager does that’s what a marketing director would do or VP of marketing would do adding value to sales and marketing.
#4 Add value to People
Your network is your net worth. What does that mean it means you have a network of like-minded people. You have a list of contacts you have a network that you could tap into whenever you need help. A network that trusts you like you support you that could give you assistance and advice and help when you need it.
Now how do you build a network if you are starting from scratch? I hear this a lot on social media – How do I get Started? How to build a network?
Guess what contact is not something that you have contact is something that you go get. The only way you’ll get contact is by adding value to people. You’re adding value to people’s lives you’re adding value to your network before you ask anything in return.
But Shitanshu I don’t have any value to add to these people’s lives that’s the problem, isn’t it? You don’t have any value that you could add on. You don’t have any value they could bring to the table. If you want to build your network you need to invest in it. You need to help them you need to offer any sort of help that you could make that referral that’s how trust is built.
So think about how you could add value to the people around you in the network you want to dig your well before you are thirsty.
#5 Adding value to yourself
This is most important to make more money. What do i mean by adding value to yourself?
- I am talking about acquiring new knowledge
- I am talking about reading that book
- I am talking about listening to that podcast
- I am talking about getting trained
- I am talking about seeking mentors
- I am talking about leveling up your mindset and your skill set.
Maybe it is taking a program or joining Toastmasters. Improving your communication skill maybe is joining a class that will teach you how to communicate better. How to communicate with confidence?
Maybe it’s learning social media learning technology so you could market yourself or your personal brand, your product, or your service.
If you want to improve your ability to add value to the marketplace or you want to improve your earning capabilities check out my webinar. I can help you to make more money online. For more information get in touch with me at sk@moneyexcel.com.
