How To Increase Your Salary As A Software Developer?
All software developers want to earn more money based on the work they do. Most of us, whether you like it or not, are driven by money and it plays a critical role in most of the choices we make.
So, if you're a software developer, you've probably wondered several times how you can increase your salary, being a software developer.
Of course there are several ways of doing this and it is just impossible to talk about all of them here. The first thing you should do is know your salary range, the area of technology, the job title, and the geographic location of the job you are applying for.
You are not going to have perfect data on this, but before you go into any kind of salary negotiations or evaluate a job offer, you should at least have a pretty good idea of the range whatever company you are applying for usually pays someone in an equivalent title or position.
However, there is a lot more to that than you know, and that is the part that most software developers end up neglecting: Marketing.
Wanna know how to increase your salary as a software developer? Watch this video and find out!
Transcript Of The Video
John Sonmez: Hey, what’s up, John Sonmez here from simpleprogrammer.com. I got a question about how to increase your salary as a software developer. I thought I would do a video on this. Actually, I’ve gotten quite a few questions on this topic. It’s a pretty popular topic, I think, how to increase your salary as a programmer, and how to increase your salary as a software developer so I thought I’d address this here. How do you do it? I can’t give you a huge amount of detail because this is going to be a short video, but I want to give you sort of the key things that I think that I think that are going to make the biggest difference that are going to result in the highest salary that you can possibly get.
First of all, the first thing that you have to realize is that what you earn is a function of how much opportunity is out there, how many chances. So there are 2 ways to get opportunity. So what I mean is it’s like this. If you could get an interview with 2000 companies or not an interview, let’s say you got a job offer from 2000 companies, 2000 companies want to hire you. You’d probably have like a bell curve distribution of the salaries they are willing to pay you. There will be some people that will be paying you really peanuts and then most of the companies would be right in the middle about the average for your skill and experience. Then there would be some that would be like, “Man, this guy is just freakin’ awesome! We are going to pay him a ridiculous amount of money.” They would be paying a ridiculous amount of money.
The reason why I’m starting there is because I want you to understand the principle behind this because this principle applies if you’re trying to be a consultant, if you’re trying to bill a high hourly rate or if you’re trying to sell a product or if you’re trying to increase your salary. The principle is that, it’s just that the number, the volume that you have is going to determine how many of those people on that end of the bell curve that are willing to pay you a lot of money, or pay a lot for your product or your service, how many of those there are. As a developer if you’re trying to get a job, you only need one of those. I guarantee you in many of those situations you could get a salary that’s twice what your salary is now if you had enough opportunity.
Now, here’s the thing about that. it doesn’t mean that you can just send out 5,000 resumes and knock on doors and try to find those. The amount of opportunity you have, remember I said, job offers, I didn’t say interviews, I didn’t say companies to apply for. I said offers when I talked about that bell curve is because the amount of those that you’re going to get is going to be directly related to 2 things. One, your technical ability, your skills, what skill set do you have and how valuable is that skill set and 2, your ability to market that skill set to market yourself.
If you want to increase your salary, what do you got to do? Well, you’ve got to take your skill set, it’s got to be high enough, and then you’ve got to take marketing which is branding yourself, building your personal brand, all that, you can check out—I’ve got a coarse on how to market yourself as a software developer if you’re interested in that. Marketing is sort of like a multiplier to your skills. If you have high technical skills and you have good marketing it can 100x that ability, it can make it—it’s like a megaphone where you can reach more possible employers, you can reach more possible clients, you can reach more possible customers so that’s the key thing is you’ve got to have enough skill, you’ve got to have enough marketing so you can reach more people. When you reach more people, if you’ve got a huge range of employers that are potentially going to give you job offers, you’re going to have a much higher chance of getting that salary and the juicier fish. The better your technical skills are, the better your marketing is, the bigger your name is the more of those bigger companies, the fish that will pay you bigger salaries are going to be out there that are going to be in your pool. If you don’t have very many technical skills, if your technical skills are low, you don’t have a very valuable skill and your marketing is crap you’re not going to have very many places that you’re going to be able to get offers from, so the chances of you getting lucky is going to be less.
Everything is probability in statistics, everything in life. There’s always luck, luck factor but it’s about maximizing your luck. That’s why I hate when people say, “This person got lucky.” Bullshit! They didn’t get lucky, they maximized their opportunity and because they had so many damn lottery tickets that’s why they won. Except for real lottery winners that doesn’t apply, you know what I’m saying.
Here’s one other piece I’ll throw in here. Geographic location. What is your pool? If you are living in some small town in Podunk, Iowa maybe there’s only 1 or 2 employers that have software development job. Maybe there’s like a very small area on software development jobs. If that’s where you’re going to live and that’s where you’re limiting your job search, well, then you’re just artificially limited. You’re not going to be able to raise your salary. But if you go to San Francisco or you go to New York City or your whole—like the place that you’re willing to search is the world now you’ve got a bigger chance.
You’re going to think about these. This is again—there are a lot of ways to talk about it. I can give you specific strategies to improve your skills to increase your salary, but I’d rather give you the full principle behind it. If you want to increase your salary this is what you’ve got to do. You’ve got to figure out—your end goal is how could I get—the largest pool of offers from the biggest fish possible. That’s your end goal. The way that you get that, is like I said, you expand your horizons so that you can look outside, look all over the world, you can look in the expensive areas and you have to take your technical skills times the marketing and that’s what’s going to get you there. That’s going to create the megaphone that’s going to blast it out to all those people.
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