Investing,Your,Business,Invest DIY Investing In Your Business
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"Investing In Your Business" By Ken Leonard Jr. ©2002 KLJ Online Advertising your online business is a hit or miss under- taking. It involves constant testing and tweaking of your ad copy, to get the best return on investment (ROI) for your advertising dollar (or pound, euro, etc.). Finding the best places to spend your ad budget is also a trial by error process. Your hard work will pay off when you get a good pull from an ad placed in a publication. This pull means sales, profits from your product or affiliate programs in which you are involved. As the money comes in, you will be tempted to take some of this revenue for your personal use. Business expenses (web- site hosting, ISP, list manager, etc.) can be paid from this cash flow, but it is much better to keep your day job and pay your overhead from your regular salary. This will reduce the stress put on your business' budget, and keep you from wanting to draw a paycheck from your online efforts. If you think that a small check for you won't hurt your business, think again. You need to reinvest this revenue back into your online business if you want it to grow. Having a never-changing ad budget will limit your growth, and will ultimately lead to failure. Using most or all revenue generated by your ad campaigns to begin more campaigns will produce more profits, and an ever-growing ad budget. This can result in unlimited growth for your business, and bigger paychecks for you in the future. After all, that's what it's all about, right?