How to double your income in 18 months?
Let’s see how you can double your income in just 18 months:
Generally it takes 2-3 years at least to get promoted in private sector. The raise in salary after promotion is just 25- 30%. So, working hard to get prompted is not a good choice. It doesn’t doubles your salary.
##Starting Your Own Business.
18 months is a less time to turn an start-up into a success. Usually they don’t make profit in first 6- 12 months even after huge investments. Even after you start making profits you have to re-invest into your business. So, it would take around 2.5 to 3 years to become stable in business. So, not a good choice in short-term given the huge investments, time & hard-work involved.
Freelancing is the right choice. All you require is just a SKILL-IN-DEMAND. It could be Social Media Marketing (SMM), Search Engine Optimisation (SEO), Website Designing, Graphic Designing, Editing books,Ghost-writing, Content-writing, etc.
-First 6 Months
Focus on learning the skill & even offer free services to build a positive reputation in the market as a freelancer. Make some sample which you will show to your clients.
– Next 6 Months.
Suppose you design a logo as a freelancer & charge 150 INR for it.
It won’t take more than an hour (if you have good command over designing logos).
Devote at least 4 hours each day & 8 hours on weekends for Freelancing projects.
So, in a month,
4 hour × 22 = 88 Hr
Weekends = 6 × 8 = 48 Hr
Total hours = 136 Hr
1 Hr = 150 INR
Then, total amount= 136 × 150 = 20, 400 INR.
So, depending upon your expertise & skills you can earn more than 20K INR/month easily within 12 months from starting.
Entry-level engineers are paid in between 20K-25K.
– Next 6 Months.
Increase your charges now. This is the time to go for 250 – 300 INR/hr. By the end of this 6 months you can reach to the level of approximately doubling your income via Freelancing.
P.S. if you start Freelancing by continuing with your current job (i.e. as a part-time) then it will get tripled in just 18 months. Whoa!
With Great Love,
Er. Amit Yadav