How To Recoup On Your Business Investments

Are you investing in your business and not seeing it pay off? Whether you’re investing in lead services, an assistant, or a coaching program, you should be able to get a return on all of your business investments. If you feel like the processes aren’t working out, it could be because of you. In today’s episode, host May Yeo Silvers discusses how to ensure that you recoup on all of your business investments now and in the future.    One of the biggest mistakes that new business owners make is not giving their investment enough time to pay off. While it can be frustrating to spend money you don’t necessarily have in the beginning, you have to be patient and give whatever strategy you invested in time to start making you money. Ultimately, if an investment strategy isn’t working in your favor, you need to take a step back and evaluate your process. For example, if you aren’t closing leads, you need to ask yourself if you are following the right steps to qualify your leads? Are you following up? Are you even targeting the right leads for you?    But at the end of the day, recouping the money you spent on your investments comes down to you. You need to be investing in the right things, with the right strategies, and have a good mindset about what you are doing. Join the conversation to hear examples of successful investing strategies and how you can tweak your actions so that you can win back your investments tenfold.  Quotes • “Every single investment strategy out there, they all work. If it is not working for you, the common denominator is you.” (01:44-01:55 | May) • “One of the common mistakes that people often make is they don't give the investment enough time to evaluate whether or not it's working.” (06:33-06:46 |  May) • “Your return on investment is not how many leads you get. It's how many leads you close and the dollar amount that you close them for.” (10:00-10:12 | May) • “Another rule of thumb to remember is  the cheaper your service, the more you need to sell in order to recoup your investment.” (15:41-15:48 | May) • “Every time you do any form of investment, you need to have an idea of how many outreaches and conversations you need to have to make it a conversion.” (20:30-20:44 | May)   Links Connect with me at: [email protected] Website: events4anyone.com LinkedIn: www.linkedin.com/in/mayyeosilvers Facebook: www.facebook.com/mayyeosilvers IG: www.instagram.com/mayyeosilvers TikTok: https://www.tiktok.com/@mayyeosilvers  FB private group: https://www.facebook.com/groups/events4anyone   Podcast production and show notes provided by HiveCast.fm