Losing money in business stinks. In some cases, it can be avoided by knowing the risks associated with the investment. In other cases, the risk is unknown or is polluted by data that may not always be accurate.
This is why reviews on products on Amazon and other places cannot be trusted 100%. There is so much mud racking going on between companies and angry customers that it is hard to determine if moving forward with the solution is feasible. Hopefully today you learn how to drop a bad investment and save you from burning time and money.
Signs of a bad investment
If you are truly putting forth the effort to make your business, you can almost rule yourself out as a cause to any problems associated with your profit building plan. One sign of a bad investment is the lack of long term growth return. If a company that your using is not bringing in long term invests that grow over time, you may want to walk away. There is no short term instant rich program that will work. Watch out for huge cash investments upfront for marketing programs or social media “helpers.”
A good return on a social media firm includes steady follower growth, increased website visits, decreased bounce rates on your pages, a “hot spike” on sales on passive products or increase in email sign ups.
Paid advertising tools such as Yahoo or Google are a hit and miss on the investment issue. Sometimes it can pay off big and other times, you will lose more money in the long run than gain. If you do paid ads, make sure you understand search engine optimization and search engine marketing completely. A good freelancing firm should help you gain exposure on the internet, help increase visits and help your company keep growing after month two. It can take a month or so for a campaign to see any benefit if your using a firm or freelancer. If you’re not seeing anything after month two, its time to back away from such investments.
Protect yourself by research
Protect yourself with research and know the ups and downs of any investments that your looking to get into. This includes retirement options as well. Look for the growth rate of the long-term plan, nothing short term is worth the investment. It will burn out and leave you empty hand. Plans and actions take time, so is building a reputable business.
David L. Feinstein has been published by Pro-Publishing Company of California, for a series on Leadership books.
Exposure to business at an early age along with cultivation of artistic talent in writing is the background that David Feinstein brings to his business associates, prospective candidates and audiences alike. His experience throughout his career in sales and marketing and having owned and operated his own international accounting & financial management services company, is a key success factor in helping develop his international notoriety in the network marketing industry.
David and his wife, Ann have been significantly involved in direct marketing and direct sales for 21 years, serving as a distributor (team member), speaker, trainer, Top Leader, and author in the industry on a worldwide basis. Working together, they coach, mentor and train those seeking empowerment, greater self esteem and branding image, and training people seeking financial success and personal life freedom. David and Ann have grown their business that today spans over 40 countries with over 65,000 team members.
For more information go to: www.AnnandDavidFeinstein.com
Mr. John Fogg of MLM/Network Marketing, author of “The Greatest Networker in the World” has said the following about myself and wife/partner Ann:
“It's been a looonnngg journey from their "weird" first exposure to network marketing where Ann— a Park Avenue Research Consultant, and David— the owner of an entertainment management firm handling the careers of rock stars such as (the early) Rolling Stones, Led Zeppelin, Michael Bolton, Cyndi Lauper, Phil Collins, and other famous others, found themselves at a meeting full of strange "new agers" from Sunrider— that was 21 years ago— to where they are today: Significant six-figure income earners with Agel Enterprises leading an organization of more than 65,000 people in 40+ countries around the world.
Above all else, Ann & David are focused on mentoring and leadership. Their combined expertise in recruiting, coaching, training and international development has made Ann & David much sought after direct sales business experts.
The Feinstein’s approach marries both classic MLM and the technology advances of the Internet and social media. The first people they have their new people speak with are family and friends, they do meetings, build for and around events and David even unabashedly asks people, "Do you keep your business options open."
Latest posts by David Feinstein (see all)
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