How to Grow Your Online Business | Reinvesting Your Profits
 


 

Capital means leverage. The more money you have, the more you can do. When your internet business becomes more profitable, consider reinvesting your profits to continue developing your business for even greater returns.

For example:

  • Increase your pay-per-click (PPC) campaign

  • Hire a part-time employee to help you edit your content. An accurate, well-written website is a trusted website.

I can't catch everything, even if I proofread it 3-4 times. So, while my first ad supported website was quite young, I hired an editor. I was barely making enough to pay her and keep the hosting going, but I figured it was worth the expense. Today I can say with certainty, "Great idea? Yes, it was."

  • Hire a graphic designer to spruce up the look of your website. The impression a visitor has the first-time they visit your website will powerfully affect their opinion of the content they find on the site.

  • Develop products as free promotional items, such as t-shirts and coffee mugs. Include your logo.

  • Develop new and interesting products that will serve your target market in another way.

  • Launch a new website that serves an entirely new target market. The diversification of your income will protect what you already have going.

With 349,000 people visiting my music resource website, MakingMusicFun.net, each month, there will come a day when traffic and income potential will peak. Everyone that will ever be interested in my music website will have found it. The hope for additional growth will end. My belief is, based on my research, that this will happen within this next year.

If I'm interested in creating additional income, my best bet is to continue developing StorehouseBuilder, and my art resource website MakingArtFun.com.


by Andrew Fling

 

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