How do I increase horsepower on my Ford Ranger?

I recently purchased a Ford Ranger and I'm looking to increase its horsepower. I've heard about various performance upgrades, but I'm not sure which one is the most effective. What steps should I take to boost my Ford Ranger's horsepower?

One of the easiest and most effective ways to increase horsepower on your Ford Ranger is by installing a cold air intake. This will allow your engine to breathe better and produce more power.

Another option is to upgrade your exhaust system. A performance exhaust can improve airflow and increase horsepower.

You can also consider installing a performance chip or tuner in your Ford Ranger. This will optimize your engine's settings and unlock more horsepower.