The importance of reinvesting- and what you should do with your first paycheck

In the Internet Marketing world, its almost impossible not to make some kind of money. Even if you are just starting out, and are making just $5 per day, you should still reinvest a portion of your profits into expanding your business. Let me give you an example of what i did when i got my very first adsense cheque.

I opened it up, and it was the best feeling in the world (was 19 at the time, so it was actually the best feeling in the world for me, if you know what i mean ) I had actually succeeded in making money on the internet, and i had loved every minute of it. Obviously, it had taken me a few months to actually get to the payment threshold so actually having that cheque in my hand made me feel relief. I was thinking it would never arrive.

So here is what i did, and suggest you do the same. Spend all of the income on things you would never really buy with your wages. I spent it like it was free money, bought some beer for me and a couple mates, pizza's and got heavily stoned with some buddies of mine all day. Obviously, i don't want this to turn into a drugs is bad thread, i know it was wrong, and have since stopped buying weed, but i'm just trying to be as honest as possible. The whole point, was i decided to spend the money in a way that i would enjoy. The reasoning behind it was to give myself a taste of what i could live like if i put as much time into internet marketing as i did daydreaming about being rich and decided to sell my PS3 to get rid of that procrastination atrocity.

Doing something like that with your first bit of online income really motivates you to succeed and it has helped me get to where i am today. (not where i want to be but getting there).

Now i'm sensible. I use money that i earn to put back into my business. Outsourcing things on Fiverr, hiring article writers etc so i can get things done quicker and turn bigger and bigger profits. Of course, you should never have to put all your earnings back into your business, you should keep some for yourself, but things go a bit smoother when you have some capital to invest.

Although i'm not the most successful internet marketer in the world by a long shot, i do think you should take my advice of reinvesting profits into your business model. here is a more in depth article about reinvesting profits that i think you should check out.