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Increasing Your Profits Through Re-Investment And Planning

Once you've been working online for a while, or at ... the idea, you'll realize that while there is profit ... not the open pile of ... for the taking that many ...

Once you've been working online for a while, or at least
investigated the idea, you'll realize that while there is profit potential
it's not the open pile of treasures for the taking that many hype
oriented advertisements would like you to think.

Instead, you'll realize that making profits online WILL require an
investment of your time and resources -- just like any other
business.

While it's true you can start with a much smaller financial investment
than traditional business, you're still going to have to come up with a
PLAN for your investment and for the USE of your profits.

INITIAL INVESTMENT

Jumping on the promise of immediate huge profits is ridiculous,
plain and simple. Take time to consider exactly what you'll have to
accomplish before you'll start to see some profits for yourself.

How many products do you need to sell or how many others do
you need to recruit into your downline before your initial sign up
cost is covered? How easy is that going to be to accomplish?

Do the commissions from your downline recur ever month or do
you continually have to bring new people into the business? Are
there consumable products that your customers will continue to buy
on a regular basis or are they one time sale items?

You need to consider all of these factors and make a plan for your
business. Set some goals. Your initial step should be to give
yourself a deadline to make enough sales or get enough recruits to
cover your own expenses. If you make your goal, then learn from
that experience to set realistic goals for making profits. If you fail to
make your goal of covering your own expenses or initial investment,
reconsider your involvement in the program or at least your
methods of promotion.

USING YOUR FIRST COMMISSIONS

What do you plan on doing with your commissions or profits when
you do start making them?

Most sales copy will set you to thinking of quitting your regular job,
buying a luxury car, and having time for extended vacations. Quite
often it's these dreams that are used for motivation in closing a sale.

Those are noble motivations, but let's get realistic. Sure, you can
get there, but not without a plan of action, and not in your first
week.

So, what are your goals for your initial business profits? Are you in
business to replace your current job? Are you looking for a
secondary income to help with some specific bills? Or are you just
interested in having some extra spending money on hand?

Either way, consider that a large part of your initial profits may be
best utilized if directed back into growing your business. From
there, if you are looking to cover specific bills, determine how much
that will take while still leaving enough in your business for continual
promotion.

RE-INVESTING FOR HIGHER PROFITS

If you have larger expectations from your business, however, such
as replacing your current employment income, you'll need to
consider investing on a grander scale. In other words, if you
always spend your commission check as soon as you get it, waiting
for the day it's big enough you can 'fire your boss', you'll only be
putting that day off further into the future.

RE-INVESTING your money, or at least a reasonable portion of
it, either back into growing your business and/or in other financial
investment opportunities can increase your profits AND help you to
reach your income goals FASTER.

Take a few moments and think over what you REALLY want to
accomplish with your online business or your 'spare time' if that is
what you are also investing.

Where do you want it to take you and in what time frame? Do you
want immediate spending money, or are you willing to re-invest
your initial profits towards a larger payday further down the road?

Just like your downline recruiting others for you grows your
business faster than you could on your own, RE-INVESTING a
portion of your commission checks or profits can further advance
you toward meeting your ultimate goals -- and at a faster pace.

Think about it. It may not be part of the traditional Internet
marketing hype, but it does make good business sense.

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Written by Joe Bingham of the NetPlay Newsletter
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Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Joe is a widely published and acclaimed Internet
marketing author. Did you know you can put Joe's
writing to work promoting your business or web site?
Get details by visiting his site at:
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