In life and in business you get what you pay for, right? If you believe that to be true, and you pay for nothing, what would you get?
Zero.
Correct. If you believe that you get what you pay for and then you turn around and pay for nothing you ultimately get nothing (there are always exceptions to the rule). In order to grow your business, you’ve got to sow seeds of time & money into it.
I believe that you have to put money into your business in order to get money out of it, but it seems that a lot of startups and entrepreneurs hold onto their wallets for dear life. They’ll spend money on gimmicks like memberships to this and that, but skimp on essentials like websites and business cards. Read my good friend Xan’s latest post - You have to spend money to make money - for his real life example of the situation.
As VAs, we fit into the entrepreneur group. We, like everyone else, have to put something into the business so that we can see the results.
No businesses, even those with extremely low overhead, succeed without sowing a little “seed.”
I put money into my business in the following ways and I have seen the benefits time and again:
- Business website hosted by a reputable, reliable web hosting company called Siteground (cost: $6.00/month - paid in advance)
- My own domain name (that’s the URL) (cost: included with my hosting package when I paid in advance)
- Upgraded monthly membership to Biznik, where I connect with other VAs, publish my blog and network with potential clients (cost: $10.00/month)
- Upgraded monthly subscription to Elance - IMPORTANT (cost: $19.95/month)
- E-books and other training material that I find useful, or that I can use as an inspiration for my own (cost: approx. $50.00/month)
- Business cards (cost: approx. $6.00, only for shipping - from VistaPrint - earn 25% off by using that link)
- Use of cell phone for business (cost: approx. $50.00/month)
- Use of Skype call-to-phone feature, so I can listen in on client teleclasses without using my cell phone (cost: $2.00/month)
- A bit of advertising in various places (cost: approx. $30.00/month)
There are of course many other ways in which I sow seed into the business and there are probably some items I’m forgetting here. The lesson is that you get what you pay for, or rather, you get out an amount that is directly proportionate to what you put in. Just remember, you reap what you sow!
–Tia