Let’s say that you started a business in college or are now in your 20s running some sort of a side gig. You’re sick of your job and are ready to take things to the next level. You just don’t know what to do. This is a common scenario. I want to help you push past your current point.
I’ve been working on growing my business for the past few years and wanted to share what has worked out for me so that you can learn much faster than me. I want you to have a better life than me.
What are the best ways to invest that money into your business?
Meet other successful business owners.
There are so many interesting characters out there. You won’t know who’s out there until you get out there. As easy as it is to say home and keep to yourself, I promise to you that it’s worth getting out of your shell. In the last few years I went to Europe alone and have gone on many trips. The people that I’ve met have helped me tremendously. I owe them the world for the help that they have given me. Don’t be afraid to ask for help. It’s not a sign of weakness.
For all you know, what’s missing from your business is a clear battle plan.
Buy tools that make your life easier.
There are so many tools that can help one with their business. I’m not sure what your business is, but I bet that you can invest in some tools that will increase your productivity and decrease your down time. I don’t want to see you wasting time because time is precious. Money comes and goes, but time goes and never comes back. Take advantage of your precious time.
Outsource the work that you suck at and hate performing.
Man I suck at design work. I hate coding and I do NOT have an eye for fashion. My girlfriends usually do my shopping for me. So yeah, I outsource all design-related work.
Is there work that you hate? Is there work that brings your productivity down? Why not outsource this work?
Tim Ferriss stressed in the 4-Hour Workweek that instead of wasting time on our problem areas, we should work on our strengths. This is what brought us to the dance and will continue to help us thrive. How can you improve your current strengths?
Give your loyal customers a discount.
They often say that your best customers are your current customers. This is likely true because those that have been with you from the beginning have proven their loyalty. They stuck with you when you were clueless. Now that you’ve grown, they deserve some sort of a discount or additional attention.
What will you do for your loyal customers? You don’t have to give everything away for free. A simple discount or a thank you will usually do enough.
Free up your time to be more helpful.
How much free time do you have? I try to be as helpful as possible. This involves responding to reader comments and reader emails. Are you as helpful as you can be with your clients/customers/leads? Probably not. There’s plenty of benefits to going above and beyond. Try it out.
Those are just some of the ways that I’ve invested money into my online business. What are some other cool ideas that I might have missed?