3 Tips To Setting Up Your Budget

Whether you have a family or not..setting up a marketing budget is a critical part of your business. Below are some Myths and tips to setting up your budget.

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Myths

Myth #1 - You don't have to invest any money in marketing. (Unfortunately, this is not true. While there may be some free tools and methods. In order to make money, you will need to invest in your business)

Myth #2 - Training should be free (This is a result of our instant gratification culture. Top business performers are always enhancing their skills. A lot of this training costs money)

Tips

Tip #1 - Set a budget and stick to it. (If you are married it is important to discuss this with your wife. I speak from experience. One time I invested $200 dollars a month in lead generation and although the investment turned out to be a good one. Monica was not happy)

Tip #2 - The first thing you should invest in our your fundamentals. Blog, auto-responder, product and marketing materials etc Get your business going. Then invest on enhancement. Trust me when I tell you that you can waste a lot of time skipping past this investment.

Tip # 3 - Don't over extend yourself. I know there are people out there telling you that you will make $400,000 in two weeks. Although that may be true, it is not the norm. Whatever business you are in it is important that you develop SMART goals and invest accordingly.

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Posted in Pets Post Date 05/05/2017