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:

• {Webinar Replay} How a Stay At Home Mom & Recovering Spammer Quadrupled Her Annual Income in One Year Using a 3 Step Formula. Once you enter your info, the replay will be sent to your  email inbox!
• MLM Tips: The Biggest Investment You Can Make
• Three Tips To Improve Your Money Mindset

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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Email: Sherri@SherriBrownCoaching.com  

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P.S. If You Aren’t Generating Leads Into Your Business and Your Upline Doesn’t have An ONLINE Marketing Blueprint In Place, Click Here For Access. (Unless you have too many leads already)

See Ya Next Time!