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2 Things to Understand the Value of Money in your business

Leigh Fish coaching home based business owners how to leverage the power of the internet in order to generate the success you desire just as I do.

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2 Things to Understand the Value of Money in your business

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  1. 2 Things to Understand the Value of Money in your Business

  2. Money is a tool to get things going. It is the fuel to getting your online business started or keep it going. This is about how to make money work for you. Most often than not many people fail in their online business, for the simple reason that they offer what they have to the wrong people and they invest in the wrong kind of places for their online business.

  3. In order to succeed online; you have to understand 2 things about the value of money when you engaged in an online business.

  4. A. You should associate the amount of money you make to the level of what you can deliver. This means that the amount of money you are making on your online business should equal the value of your expectation.

  5. Take for instance, you expect to make $500,000 from your online business, you have to ensure that you have the same personal value. You ought to make sure that the amount you expect to profit in your online business is proportionate to the services you give.

  6. Ask yourself if the $500,000 you are planning to spend for your online business is proportionate to the value that you can offer, it is a must to improve yourself. Eg. In case you plan to build an e – commerce business, learn more about it.

  7. Have a feasibility study on what products and services are good to offer. Seek the advice of knowledgeable people about the business you are planning to put up to increase profits and avoid losses but more importantly teach what you have learned, let the amount of money you have spent doing this exercise be directly proportionate to the knowledge you have gained through this process.

  8. B. Your income is going to be determined by the audiences you reach. – This means that you have to make sure that you reach the right people when you promote your product and services, I call it targeted. Your online ads will be futile if you don’t know how to target the right audience.

  9. The best thing to do, in order to reach your target market is to continue learning the marketing process, get to know your avatar and where they hangout. Watch video podcasts, subscribe to newsletters.

  10. If you can afford to enlist an internet marketing coach and or mentor then hire one. Make learning a regular basis. You cannot guarantee your income if you do not reach the right audience to promote and market your product and services.

  11. Whenever we do business, whether it is an online business or not, it is the process on how to earn that we focus on most of the time. That is the reason why many businesses fail. Knowing these 2 things to understand money can help all of us to improve on our respective online business.

  12. Especially understanding that the money we make is suppose to be proportionate to our own value. We cannot expect to earn let’s say half a million dollars if what we can offer is only worth fifty thousand dollars or even fifteen dollars.

  13. Be conscious of what you can deliver before counting the amount of your earnings.

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