When operating an on-line home based business (or any business for that matter) you will need to have a working budget to cover the different expenses you will have in maintaining that business.
The budget you make will depend on the amount of “investment” capital you have to use and the level of profit that your business is currently at. What you will be looking for is the ROI (Return On Investment). Is your return on investment going to come about in the “long run” or will it be a quick return?
All business ventures depend heavily on advertising to grow and develop into a profitable business. So I would simply say that you need to adjust your budget accordingly.
Out of the budget that I allow for my SFI and TripleClicks business I take about 60% of it and use it on advertising in many different forms – which also includes purchasing some new PSAs (Personally Sponsored Affiliates) and for acquiring PRMs (Personally Referred Members)
The reason I place most of my budget on advertising for PSAs and PRMs is simply because that is where the money is made in SFI and TripleClicks.
The rest of my budget is used for support of my team members and personal products and services from TripleClicks.
Do not make the mistake of not forming a budget that you can work with. Without a budget you will end up short on finances when you need it the most.
Put most of you investing into products and services that will bring you a good ROI and you can’t go wrong.
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When operating an on-line home based business (or any business for that matter) you will need to have a working budget to cover the different expenses you will have in maintaining that business.
The budget you make will depend on the amount of “investment” capital you have to use and the level of profit that your business is currently at. What you will be looking for is the ROI (Return On Investment). Is your return on investment going to come about in the “long run”
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