This demonstrates your willingness to take your boss's opinions into account. It may be that both of you can agree on increased responsibilities and activities over a certain time period that gradually leads to a new role and a pay increase. This will also demonstrate your commitment to your job and your ability to work hard. Your boss will see you as a go-getter and you will be on his radar the next time raise season rolls around.

☛ If you are a star employee, keep performing excellently and ask again in a few months time.