Summary: <p>Increase your income, boost cash flow and earn more money by just changing your mindset. Today I share How I 10X Income in my business by changing from hourly rate to set fee and then simply focused on getting better at my job.</p> <p>How To 10X Your Income - Earn More Money By Being More Efficient At Your Job</p> <p>When I first started in business many many moons ago I, like many of us, strived to break out of the bog standard 9 to 5 and become my own boss. I had an idea for web development and I knew I could sell but I fell into the very common mistake of pricing my work per hour rather than per project. Most people you will know have a standard clock in clock out job and they will be paid an hourly rate or salaried based on that rate. This means if you truly give 110% effort you are under valuing yourself and your potential income.</p> <p>Let say you say to a client you will charge them £5 per hour to make a product (could be anything - a spreadsheet, clean their house, build a teddy bear) and it takes you 2 hours, thats £10. But after 5 years of doing your job you are now and expert and can make the same bear in just half an hour... you have now short changed yourself by being too good at you job and you've earnt £2.50.</p> <p>Now let us try it another way - You say upfront the task will be £10. This in the first few years it does take you 2 hours to complete your goal, you have earned £5 per hour and you're happy. As the years go on you are now better at your job and can do the same task in 30 mins - now you still have £10 and the potential to make/do another 3 tasks at the same fee. Your skill, your time and your expertise has effectively given you a pay rise! </p> <p><br></p> --- Send in a voice message: https://anchor.fm/startcreatingpodcast/message
