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What's Your Raise Gonna Be Like Next Year?
You might relate to this: You work your brains out for your employer because you are a good employee. You know you have to work to keep your job, but if you can put that extra effort, you might get "Excellent" or "Outstanding" for your appraisal this year. And if you could perform as such, you'd get an increment in salary of about 15% to 20%. And, oh yeah, if you perform REALLY well (like putting in more hours than your boss ask you to), you can hope for a promotion, which normally comes with an increment. Hooray for you. If. Here's another If: You can promote your Eilham Technopreneur Development Programme to about 1 person a day. That'd be spending about 2 hours a day. And if you talk to about 10 people a month, 1 of them will agree to join you. If you introduce 1 person a month after you qualify for the YBIM fund (hey... others qualify within days from the day they get their first mentoring session), and you do that consistently every month, plus you teach your mentee to do the same, did you know that you would have more than 4,000 mentees in your Eilham network in month 12? You'd get RM2.50 per mentee who signs up. That means, if you'd only introduce 1 person a month into the programme, you'd have RM2.50 x 4,000 mentees in month 12: that's a whopping RM20,000 for you. This means you can have an extra RM1,666 per month next year (RM20,000 / 12 months). If your salary now is RM2,500 per month, you'd be enjoying RM4,166 next year! All the extra effort required is 1 person a month for the next 12 months to get a RM1,666 raise. As the Eilham Mentoring System has a compounding effect, doing 2 a month does not equate to merely double the money - you could be earning 3 times more if you do 2 a month (you do your own maths to find out exactly how much). Let's say after your first 12 months into the Eilham programme you managed to get the RM1,666 income raise for doing 1 a month, you decide to go for 2 people a month in your 2nd year. At the end of the second year, you can accumulate more than RM60,000 to have an extra income of RM5,000 a month. And in your 3rd year, you are already skilled with people, you'd be introducing 3 people a month, making more than RM600,000 in mentoring incentive, plus an additional RM600K++ from YBIM (because definitely you'd qualify) - That amounts to RM1.2 million! That's RM100,000 a month! In three years time, your salary from your employment can be RM4,320 (assuming you start with RM2,500 per month, and gets an "Outstanding" increment of 20% per year). But add with the RM100,000 extra part-time income from Eilham mentoring activities (part time coz you only need about 1 hour a day to promote the programme), you will be earning RM104,320 per month!!! It's all in the Mathematics. You decide how much you want to earn. |
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This intel was contributed by elhirud
elhirud
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May, 2012
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