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Creative Thinking to Have More Money
Posted 12-08-2010 at 06:59 PM by kindsvater
This forum is about making money. Implicit in that is having more money.
That is, if you spend $10 on Adwords to make $10 in profit, while you have made ten bucks you do not have more money because you also spent ten bucks.
I know - obviously.
But pay closer attention to this. When we talk about making money on the forum we really mean having more money.
More money for fun. Maybe more money for necessities.
So if you look at the real issue, having more money, you'll see that making more money is just one way, and not the only way, of having more money.
Reducing your expenses is another way of getting more money.
If you were spending $10 on Adwords to make $10 in commissions, there is no significant difference in spending $11 to make $12, or spending $9 to make $10.
Yes, I can think of differences, but at the end of the day, either way, my bank account only as $1.
So cutting expenses is of equal value to making more revenue!
Reminds me of math class.
But this is where I think too many go wrong on the forum. They only focus on the revenue side without also looking at the expense side.
Reducing ad spending.
Reducing taxes.
Reducing whatever.
All have the same impact on how much money you have.
So if you need more money, don't just think about more revenue because that can be difficult.
Reducing your costs might be much easier and quicker. Call it the better way to having more money.
That is, if you spend $10 on Adwords to make $10 in profit, while you have made ten bucks you do not have more money because you also spent ten bucks.
I know - obviously.
But pay closer attention to this. When we talk about making money on the forum we really mean having more money.
More money for fun. Maybe more money for necessities.
So if you look at the real issue, having more money, you'll see that making more money is just one way, and not the only way, of having more money.
Reducing your expenses is another way of getting more money.
If you were spending $10 on Adwords to make $10 in commissions, there is no significant difference in spending $11 to make $12, or spending $9 to make $10.
Yes, I can think of differences, but at the end of the day, either way, my bank account only as $1.
So cutting expenses is of equal value to making more revenue!
Reminds me of math class.
But this is where I think too many go wrong on the forum. They only focus on the revenue side without also looking at the expense side.
Reducing ad spending.
Reducing taxes.
Reducing whatever.
All have the same impact on how much money you have.
So if you need more money, don't just think about more revenue because that can be difficult.
Reducing your costs might be much easier and quicker. Call it the better way to having more money.
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