Advice for frugal & hestiant Warriors... take it or leave it!

by Ross Cohen 10 replies
Spending money, especially when a small amount is coming in, sucks. Right? If your website isn't earning much, chances are you're hesitant to put MORE money INTO it.

The reality is... some times you need to.

"... so Ross, why are you telling us this?"

I'd be wondering the same thing...

Two weeks ago I created a "Warriors For Hire" thread for content writing. It cost me $20 - a price I'd PREFER not to pay. But I thought what the hell! I'm going in 2 days to China for 17 days and I figured it'd be "cool" to pay for a couple meals and such for a small amount of writing prior to my leaving.

Being confident in my writing ability, I charged a rather hefty amount as well. Not one of those $.01/word deals.

I ended up getting a couple happy bites... I mean buyers. The total amounts received were $25, $190, $75, and $125. And I wasn't even sure if I'd make back the initial $20!

The relationships with these individuals could even last longer, though not until I return back from China.

Point of the story is... if you're unsure whether to spend money to make money... do it. You've probably heard the famous phrase... "you've gotta spend money to make money". It's true.

Sure spending the $20 wasn't FUN, but making MORE than the $20 WAS.

Further...

If you're making a similar Warriors For Hire post, a couple tips.

1. Edit, re-edit, and re-re-edit your sales copy. If you can't spell correctly in your OWN copy, you probably can't for a client either.

2. If you don't have a reputation on here, realize people will be reluctant to pay large amounts to you. It takes time to build trust.

3. Don't underprice yourself. If you ARE indeed an excellent writer, it's worth the extra amount to people... at least to some people. However, if you're NOT good, don't OVERPRICE yourself. Start small, and build yourself up quality-wise.

Wish me luck on my trip to China! Never have been. I'm going with a friend for a "(college) graduation getaway" and I'm super excited. The friend has lived in China all of his life except for the past 3 college years.

Ross Cohen
#main internet marketing discussion forum #advice #frugal #hestiant #leave #warriors
Avatar of Unregistered
  • Its not really money. Its all digital anyways. I think of it like a river where you dip in and take what you need. Back in the day we called this our float or flow.
    {{ DiscussionBoard.errors[6301791].message }}
    • Profile picture of the author Ross Cohen
      Originally Posted by Resale Rights Ninja View Post

      Its not really money. Its all digital anyways. I think of it like a river where you dip in and take what you need. Back in the day we called this our float or flow.
      *opens eyes widely*...

      Wait, what? Sorry, that HEAVILY confused me. Haha.
      {{ DiscussionBoard.errors[6301826].message }}
    • Profile picture of the author Nick Copy
      Call it what you may, but hesitance isn't always a bad thing when the direction is unclear. You are certainly right though that it "takes money to make money". Ross I'm glad to hear about your upcoming trip to China, enjoy yourself mate!

      P.S. Still need those real estate articles?
      {{ DiscussionBoard.errors[6301912].message }}
  • Whenever you are in business money comes and goes. It is never a one way stream. It is like a river with money coming in and money going out. Then when you need to pay your bills you take what you need.

    I have been self employed forever. Back in the day it was cash only. You spent money, made money. You always made sure you didn't drop below a certain amount of cash, unless you had the means to replace it.

    Simple basic stuff. Very basic business.
    {{ DiscussionBoard.errors[6301846].message }}
    • Profile picture of the author Ross Cohen
      Originally Posted by Resale Rights Ninja View Post

      Whenever you are in business money comes and goes. It is never a one way stream. It is like a river with money coming in and money going out. Then when you need to pay your bills you take what you need.

      I have been self employed forever. Back in the day it was cash only. You spent money, made money. You always made sure you didn't drop below a certain amount of cash, unless you had the means to replace it.

      Simple basic stuff. Very basic business.
      Ah... now I see what you're getting at. Definitely!!! Money is constantly on the move. Keeping track of it is extremely important. Hopefully after some time the "in's" are greater than the "out's".
      {{ DiscussionBoard.errors[6301879].message }}
  • Profile picture of the author Ross Cohen
    Getting there Nick. Has been a very hectic week. I haven't forgot about you!
    {{ DiscussionBoard.errors[6301932].message }}
  • Profile picture of the author laurencewins
    and I am still waiting to see if you want me to do those other articles for you?!
    Signature

    Cheers, Laurence. Writer/Editor/Proofreader.
    Check out my site or blog for more info.

    {{ DiscussionBoard.errors[6302046].message }}
  • Profile picture of the author Simon Ashari
    I see that you had previously had a warrior for hire thread.

    While what you say still holds true, it would be disingenuous to claim that you were able to quickly claim those clients from zero reputation.

    Good on you for developing that reputation.
    {{ DiscussionBoard.errors[6302049].message }}
  • Profile picture of the author Ross Cohen
    Haha, Laurence, hush you! Everyone is coming after me!

    I promise to get back to both of you... on my end, it's a matter of putting my money in the right places right now. Heading out of the country soon, I put myself in the middle of too much... but I'll sort it all out soon - haha!

    @ Simon - I agree. I was lucky enough to have been around here for awhile (almost a year now), and if I were to have made the same thread with 0 posts, would I have gotten any sales? Perhaps. Almost definitely fewer. In that sort of situation it'd probably be best offering review copies, or at least articles at a discounted rate.
    {{ DiscussionBoard.errors[6302073].message }}
  • You cannot be afraid to spend money either. If something is required to make you make more money then you buy it. You need the tools to do the job. Same as in construction.

    Sometimes it helps to compare your online business to a real life brick and motor business. You have rent to pay, bills to pay, employees to manage, yada, yada...
    {{ DiscussionBoard.errors[6302490].message }}
Avatar of Unregistered

Trending Topics