The easiest way to get a raise is to change companies. You can then ask your current company to match, but in my experience (from the company side) this never works out in the long term. You'll be branded (at best) a hired gun and not trusted beyond "work for hire".
For a less dramatic increase you can change jobs internally but the impact to your take-home is far less significant. You can also play off any goodwill you've banked (like history of quality work, extra dedication, etc) to ask for more vacation, training budget, etc. Try for things that can be part of your new regular package; ex: an extra week of vacation each year vs. a one-time 2-week bonus.
The short answer is test the job market, get a better offer and take it.
For a less dramatic increase you can change jobs internally but the impact to your take-home is far less significant. You can also play off any goodwill you've banked (like history of quality work, extra dedication, etc) to ask for more vacation, training budget, etc. Try for things that can be part of your new regular package; ex: an extra week of vacation each year vs. a one-time 2-week bonus.
The short answer is test the job market, get a better offer and take it.