Money Mindset Tips: Investing in Your Business

Money Mindset Tips Investing In Your Business

Do you ever find yourself saying: “I’m not making any money in my business, so until I start making money I don’t need to invest money?”

I totally got that and that’s exactly the reason why today I wanted to give you some money mindset tips, specifically around investing in your business. 

Money Mindset Tips: Investing in Your Business

This is not a topic I really like talking about. It’s not a super fun topic but it’s one that needs to be talked about because I absolutely struggled with this before I started investing in my business.

Just remember that earners are learners and it’s important to shift your mindset in this area because if you truly want to get to the next level, it’s gonna take you investing in yourself.

I remember over a year ago I messaged Ray Higdon saying something along the lines of: “I’m looking for a webinar platform. Is there one that you would recommend that’s good but doesn’t break the bank?” His response was something to the effect of, “this business is low cost but not no cost” and in a nutshell just told me about a friend who had started a pizza business and had spent a crazy amount on the oven to make the pizzas before the doors ever even opened.  It was kind of a swift kick in the butt but I got the message. 

I want you to stop looking at everything as a cost. Instead, I want you to start looking at things as an investment in your business, in yourself and in your future. So when it comes to investing in yourself, you do it to cut your learning curve and to get there at a quicker rate. Constantly seeking free is just gonna take you so much longer to get there.

Another great question you need to start asking yourself is: “How do you expect other people to fork over their money if you don’t even invest in yourself?” When this was told to me, again, I didn’t have much of a response because how could I (or you) expect somebody to invest in me and hand over their money if I was not willing to invest in yourself. 

If you’re contemplating investing in something, ask yourself: “Is the money worth it?”

So I’m gonna give you an example of what I’m talking about. Let’s say that you suck it prospecting. You’re out there, you’re pounding the pavement, you can’t book any parties and you can’t get any sign ups. Also, people are ignoring you and you’ve been doing that for 6 months now and you’re not getting anywhere. You feel like you’re only spinning your wheels.

And let’s say you’ve come across a prospecting training and its $300 bucks. And you’re sitting here thinking, “Whoa! I’m not making any money in my business so I can’t really afford to sit here and pay $300.”

However, the better question to ask yourself is: “Is $300 dollars worth cutting your learning curve to increase the skills set you need?” Well, prospecting training will help you learn how to better prospect, how to better reach out to people, gain more effective strategies, increase your closing rate and get people into your business for a profit.

In 2016, I invested over $10,000 dollars into myself and into my business. Everything from coaching, training courses, attending events—all kinds of stuff. Guess what happened as a result? I more than quadrupled my annual income last year.

I’m not sitting here telling you to go out and spend $10,000 on your business. That’s not what I’m telling you. I’ve gradually been able to increase that overtime. But what I am saying is to really start asking yourself in the areas that you’re struggling with: “Is the money that you’re going to spend worth it to get your end result?” And if the case is “yes” then find a way to make it happen.

In my case, I have borrowed money, I have sold stuff around the house that I wasn’t using, I’ve put it on credit cards.

Remember, there are always creative ways to come up with it. 

If you want to get to the next level, sometimes it takes money to make money and every other traditional business owner knows that. However, a lot of us in the network marketing just think that we can build a business for free and that mentality is what keeps a lot of people broke.

More Resources:

The Tools I Use to Build My Business:

  • My Toolbox – I have been asked quite a bit about what tools and resources I use so I’ve put together this page just for you!  Enjoy 🙂  

Was that helpful? If so, I would greatly appreciate if you commented below and feel free to share it with anyone who might benefit.

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See Ya Next Time!

 

About The Author

Sherri Brown

Sherri Brown Teaches and Inspires Network Marketers how to create the freedom they deserve!  CLICK HERE for more resources to help you grow YOUR Business. 

9 Comments

  • Ron Deering

    Reply Reply April 3, 2017

    What a great post…. Ray sure gives great advice… if we are not going to invest in ourselves and our business someone else will with theirs and we will be left in the dust… thanks for sharing this Sherri… you rock..

  • Gary Bledsoe

    Reply Reply April 3, 2017

    Investing in your business and yourself is one of the most powerful ways to create increase. I call investing a law, similar to the “Law of Attraction.” I call it the “Law of Investing.” & Great Job on the increase in your income 🙂

  • Lynette Bledsoe

    Reply Reply April 4, 2017

    I used to have the same mindset looking for either the cheapest tool or better yet the free ones. Most of us realize those free tools are a pricey lesson in the end of it all, great share Sherri.

  • Dr. Lisa Thompson

    Reply Reply April 4, 2017

    Free is the new expensive because of time…you can always make money back, but never time.

    Great stuff Sherri!

    Dr. Lisa

    • Sherri Brown

      Reply Reply April 8, 2017

      Oh I love that perspective!

  • Martin Dean

    Reply Reply April 4, 2017

    I’ve spent money on live events & products & training in my business. You can’t afford not to. Great post Sherri .

  • Adewale Adebusoye

    Reply Reply April 4, 2017

    Anything you spend on your business is an investment, not a cost. A lot of people need to make this shift.
    Thanks Sherri!

  • Coach Jamie

    Reply Reply April 4, 2017

    I love the Ray quote because it’s true. It is low cost, but not no cost. Good one.

    Thanks for sharing your story on the mindset of money and looking at it as an investment!

  • Sherilyn

    Reply Reply April 5, 2017

    Thanks for the article Sherri! I see a couple of extremes when it comes to money in business. Those that never invest and then wonder why they aren’t successful and those that over invest without making sure they can get an ROI. Both have their challenges. With the second group, it seems that they are so caught up in taking trainings that they are often avoiding their own launches and are allowing fear to get in the way. Thanks for sharing about your experience. I love the pizza oven analogy!

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