@ThomasPowers can correct me on this, but the two basic options are to push the metal out, like blowing a bubble (this is called "sinking") and to bring the sides up and upset them onto themselves as described above (this is called "raising"). In the first method, the rim stays the same as its original thickness and circumference, but the bottom gets thinner. In the second, the circumference gets smaller and the edges get thicker, but the bottom keeps its original thickness.