This article explains how to reinvest in your business. It covered the following information: using 10% rule, reinvestment process.
I like use a 10% rule on ALL of my earnings, regardless of where they come from, how much I made and how much it took to make it! My 10% rule is pretty basic… I start by paying myself 10%. ALWAYS pay yourself first! Always pay YOU first. After you pay yourself, you need to put 10% aside for new business and 10% aside for reinvesting into the existing business. This methodology will fill all 4 buckets you need to survive and thrive! For this example – I am not going to name the actual site, but will use exact numbers of how I will reinvest in it!
Site: notgonnatellyou(DOT)com
Age: 13 Months
February 2010 Earnings: $580
Paid to Me: $58 in Bucket 1 – aka Dinner!
Paid to Business: $58 in Bucket 2 – aka for NEW domains, plugins, software, themes, etc.
Reinvest: $58 in bucket 3 – aka for The Specific site Maintenance and Marketing
Profit: $406 in bucket 4 – aka – gas in the car, heating bills, etc.
See how that works? Pretty simple for this case… I am going to pay myself and my business 10% each, then drop 10% back into new content and/or marketing for the site, and whatever is left over, well that goes to Kim!
First and foremost – I know someone is thinking it… $580 after 13 months, well, that sucks. Please… you keep on thinking that and chasing down the bigger fish! This 88 page website takes about 2-3 hours a month to maintain, and aside from what I explain now, I will forget about it for the rest of that month! $408/3 = $136 per hour.
So – Where does Reinvesting $58 Get Me? $8/ea gets me (6) totally unique and professionally written 300-350 word articles from TextBroker(dot)com.Make sure you tell him I sent you and that you want the “Mark Hansen” rate! $10 more, gets me (1) totally unique 500 or so, word article used for distribution to 10-12 different article directories. Yes, the same article to all of them on the same day! There you have my entire “Maintain and Market” strategy for a mostly-passive income site! :-) I should write an ebook that covers that entire thing and charge $29 for it! Here it is… Earn, Pay Myself, Reinvest, Maintain, Market, Repeat! 6 months ago – the same site only earned $110 – and – I only added 2 new articles that month! One on the site and one to article directories!
- After you get the new articles from Rob at Textbroker, you add them to your site (aka copy/cut/paste), and preset the post dates at random times and dates, 3-6 days apart in this case, but spread out for the number you are adding. Add a few images to make them prettier, optimize the “individual pages” for 3-5 phrases, and walk away.
- After the 500 word article comes in… you post it to the 10-12 top article directories and again, move on until next month! Instead of having a spin-gasm over the latest-greatest article spinner on the market and ripping off 50 copies a week for backlinks, walk away from it!
The benefit of article marketing has nothing to do with how many human-looking-spun-article-backlinks you can get from the article directories themselves – it’s about how many quality websites pick up you’re great article and use it on their own site! Think about it…
I have a few article marketing posts written, just waiting to be finished and published. Once I finish up a few others that I neglected to complete… I will push them out.
This article explained how to reinvest in your business. It covered the following information: using 10% rule, reinvestment process.
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