Make Extra Money At Home – Know How Much You Are Worth?

3:48 pm Make Money On The Internet

Today, it’s really easy to start making extra money at home. Almost everyone is doing it. As I read a newspaper article on Saturday, the trend of Singaporeans converting their home into a business is increasing.

So, while everyone is busy doing that, do you know how much are you worth while starting your internet business?

If you looked into a financial perceptive, everyone is worth certain value. A common way to find out is by the amount of dollars that you are paid by your employers or how much you earn on a monthly basic.

While you make money at home, you want to find out your dollar per hour value, and with that, you could outsource “stuffs” that don’t worth your time.

For example, if you are paid by your employer $3,000 every month on your salary, and you worked 8 hours a day, for 5 days a week.

With that, let’s calculate how much you are worth per hour. $3,000 / 8 hours / 20 days = $18.75

So, if you are worth $18.75, what you must do is to make sure every hour that you put into your business or work, must worth at least $18.75 or more.

Let says, your boss ask you to vacuum the floor, or serve tea to the clients, then sad to say, your boss is a bit silly. He could get someone who he can pay $5 per hour to vacuum the floor or even serve tea.

Why would he ask you, when you’re worth $18.75 to perform tasks that’s $5?

So, now that you want to start your own business at home, and desire to make extra money at home, do you make the same mistakes as your boss?

Sad to say, when most people are their own boss, they make silly mistakes…

I have seen too many beginner marketers, who want to be the one-leg kicking man, or so called, one man show.

They tried to do the graphics, learn html, ftp, write articles, submit articles, social bookmark, and all the things that’s needed to setup a internet business and do it all by themselves.

In the end, either they are exhausted till they gave up, or they gave up because there’s too much to learn or too many challenges to overcome.

So, today, knowing how much you are worth is very important. Not only you know where you are, you can look forward to move towards where you want to go too.

For example, if you know you’re worth $18.75, and you said to yourself, “I want to be worth at least $50 per hour!”

That’s great! Now start looking for people who you know are worth $50 per hour and ask them, what did they do to be making $50 per hour?

It applies either to your current job you are working at, or even your own internet business.

That’s how happens to me!

I first started only at less than $15 per hour, then I find out how I can be worth $30 per hour. And working hard and overcoming challenges, I’m worth $30 per hour after some time.

When I’m worth $30 per hour, I find out again what would it takes to be making $50 per hour.

Using the same strategies, in no time, I’m making at least $50 per hour.

Now that I’m making at least $80 per hour, my next target is $100 per hour. So, you too, can be knowing how much you are worth today, and keep increasing the money that you make.

Tomorrow, I’ll discuss more on how you could increase the amount of money you are making per hour.

To Your Success,

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7 Responses

  1. donald Says:

    hi roy,
    A great and important tip for business starters, and experienced (but lost) business owners…

    keep more coming.. :)

  2. Roy Phay Says:

    Hi Donald,

    Thanks for appreciating… more is coming… :D

  3. Wong Chendong Says:

    This is a great article, you see the one skill that I learned early when I just started out is to understand how to decide which projects I should do and which I should outsource. I feel who ever started out should make decision based on their benchmark because this is where they value one hour of their time at.
    Here’s the tip for anyone who stumble onto Roy’s site: If you do not have much money to outsource, you can actually ask for 2 to 3 payment, am not sure about you but I have try it before where I have to pay $200+ USD to design my site logo, so I ask to seperate the cost for 2 time payment and they just agree…

  4. Roy Phay Says:

    Hi Cheng Dong,

    That’s a great additional advice and comment.

    When I outsource, I usually break into 2 payment, unless it’s someone that I know personally.

    Roy Phay

  5. doris Says:

    i don’t really get it..=( how to increase your worth per hour?

  6. Wong Chendong Says:

    Doris here’s an example that might help you:
    If it will cost $50 to get someone else to do it, but would only take an hour for you to finish up then it’s worth your time. why? cos you just worth $50, but if it’s going to take you long hours to do it, then it’s not worth your time. why? cos $50 divide by 5 hours to finsihed you are only worth $10 per hour..so in order to increase your worth per hour do something that you think you can finished fast, if not do not waste your time as you can use that time to do something more worth your time… Hope this will help you….

  7. Roy Phay Says:

    Good explanation Cheng Dong!

    Doris, if not, you can check out the following up post that I did for you…

    Click here.

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