From the previous post, I wrote about determining where you are at, and how much you are worth on a per hour basic, if you make money at home…

I got good response from emails, and comments, and some of the common questions are, “How Do I Increase My Worth, Or, My Rates Per Hour?”

The thing about starting an internet business, working from home or make money at home, is a lonely pursuit, and journey…

I’m very fortunate to have my wife, who’s also my business partner, to be working together side by side, creating our dreams and goals together.

Of course, there’s always pros and cons on doing that. I shall not go into that, that can be another post on it’s own.

Let’s me go through 7 Simple Steps To Increase Your Rates when you make money at home:

1) Be Conscious - Be very aware and conscious of your working hours. Let’s say, you got this job that’s paying you $500, and if you are worth $50 per hour, then you MUST make sure that you finish the job in 10 hours.

If not, you could outsource it to other people for maybe $15 per hour. And you are making extra $35 per hour. However, you got to make sure…

the person who’s doing it is Not taking too much time, if not, it’ll “eat” into your profit.

2) Perform at Your Current Rate FIRST! - Let’s say, today, you are working at $25 per hour. The first thing before you can start increasing that to maybe $50 per hour…

is to make sure that you are currently working at $25 per hour. Why do I say that?

For example, you are not performing at the rate that you are worth, then you are under performing. Once you are under performing, you’ll a “false” sense of hope or “thinking” you are worth that rate.

This does not helps you at all. So, always perform at your current rate.

3) Look For Your Target - This is really simple yet profound! This is also the very reason why most people always set goals and never achieve their goals.

If you are one of them, you MUST take notes on this simple point!

The problem with most people who set goals is that they go for this philosophy of, “Aim for the Sky, if you cannot reach it, you’ll at least reach the ceiling.”

But, the problem with this mindset is that, It makes YOU feels LOUSY!

Do you always beat yourself up if you did not achieve your goals? Of course you would, most people does.

So, I go for this 3 simple words…

TAKE BABY STEPS

It’s really simple! Let say, my target is to increase from $50 per hour to $100 per hour, I will not aim to do it by next month. That’s killing myself.

That’s setting myself to fail. I’ll take baby steps to it. I might increase from $50 to $60 within the next 3 months. Can I do that? If yes, good, I will go for that.

And when I reach $60 per hour or even $65 per hour within 3 months… what do you think how I’ll feel?

You bet I’ll feel I have just won the lottery. Use it and practice it! It works!

4) Determine your strategy - For this step, I’ll need to illustrate my point through a scenario play.

Now that I determine my target, from $50 to $60 in 3 months.

So, what’s my strategies on achieving that?

List them down ( based on my business and what I do )

If I’m making $60 per hour, 8 hours a day, at 5 times a week, that’s $9,600 per month. So, when I increase my per hour from $50 to $60, I actually increase my monthly…

income from $8,000 to $9,600.

So, what do I need to do to get that extra $1,600? (Here’s my example list)

1) Launch a new product and make an extra $1,000 from that product every month
2) Get an extra web development project, and get profit of at least $2,000
3) Find another niche market, where I can be an affiliate and make $300 per month
4) Create another 20 Adsense sites, and makes an extra $20 per day from all 20 sites.
5) and many more…

So, when you list down your strategies, you want to have fun and just list down all the possibilities.

Don’t have to be too detailed and start questioning yourself if you can do it or like it. List them all and the next step will take care of it.

5) Shortlisting your choice - You could refer back to my previous post on how to setup a table on this shortlisting process. (Click here)

Or, you could ask yourself the following questions:

1) How much extra time do I have to put in to be able to see the results?
2) Is it something I can do easily? 1 - 10 Give yourself a score.
3) What’s the capital I’m willing to fork out for this?
4) Do I like this project?

These are the basic 4 questions, you can create your own, to determine which strategy works for you.

6) Take Action! - This is the most important step! If after all the planning, drawing and thinking, and you do not take a SINGLE action…

Sorry! Nothing is going to happen! Period!

So, take action immediately after you select your strategy, and start working towards it each and every day.

I’ll guaranteed that you’ll start to see your income increasing to your target!

7) Review, review and review… - The last step of all is to review. We must review everything every thing that we do.

I have 2 friends helping me on my internet business now, and every week, other than taking actions every day, we meet every week to review what we have done.

Reviews are very important! Imagine a pilot flying a plane, after setting the plane on auto-pilot to the destination, do you think the pilot goes to sleep…? Of course Not.

I’ll definately not want to be on that plane. The pilot would constantly need to guide the plane on a smoother course to the final destination.

It’s the same for your action plan. You would want to review regularly and make adjustments accordingly so that it still reaches your final destination.

So, these are the 7 steps to increase your rates.

I wish you’ll like them, and most important, use them to fit you.

To Your Success,

Tags: internet marketing plan, how to make money on the internet, online marketing system, start an internet business

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