Monday, May 25, 2009

Things to spend your money on and things to skip when building your business

This picture taken 10 October 2006 shows a scr...Image by AFP/Getty Images via Daylife

If you’re trying to build your home based business on a budget you’re probably wondering what you should spend your money on and where you should try to save. Here is a small list of things that are worth your money and things that you might want to forget about buying.

Things to spend on:

A good computer. You’re going to spend a ton of time on your computer so you want to make sure you have a good one. You don’t have to have the top of the line thing but having a good working computer is a strong investment.

Some good training. There are a ton of things to do online but unless you know what to do with them it doesn’t matter. If your upline isn’t providing you with some good training about how to marketing online. Investing in a training course could be a very wise choice.

A trip to your yearly convention. Many people don’t want to spend the money on going to their companies big meeting but anyone who has ever been to one will tell you it’s well worth the money!

Things to save on:

Leads. Buying big lists of leads can get really expensive and honestly you can contact just as many people online using free methods. For many people leads are a huge part of their budget. You take that out and you’ll have a whole lot more money to spend each month!

Expensive ads.

Don’t waste your money with magazine or newspaper ads. They’re way to expensive and you may not get a single sign up from them. Instead try free classifieds online. You may not get anything there either but they’re FREE!

Google adwords.

Some people swear by adwords but if you don’t know how to use them they can be a massive waste of time and money. Skip adwords at least until you have a bigger budget and you’ll save a ton of money each month.

Knowing when to spend and when to save can help you stick to your budget and build your business more effectively.

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