> Bring more value to the company than what’s expected of you. Then ask to be compensated for it.

Sorry but it doesn't always work like this. Sure, performing well makes it more likely for you to get a raise, but there is no guarantee. Perhaps performing well increases probability of you getting a raise. But it does not guarantee anything nor is it most important factor in computing this probability. Probabibility of raise will depend on variety of factors including your company culture, your manager personality, company financial situation etc.