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As an Internet Marketer, are you Financially organized?

Discussion in 'Business & Tax Advice' started by TheNumbersGuy, Jul 15, 2016.

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As an Internet Marketer, are you Financially organized?

  1. Yes

    66.7%
  2. No

    33.3%
  3. Maybe

    0 vote(s)
    0.0%
  4. I don't know

    0 vote(s)
    0.0%
  1. TheNumbersGuy

    TheNumbersGuy Jr. VIP Jr. VIP

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    Hey Guys,

    Did you know that 50% of startup companies fail within the first 4 years of operating. Lots of these companies fail due to lack of financial organization.

    Some things to ask yourself:

    Do I know what my margins are?
    Am I charging enough for my services/product?
    Am I spending too much on fixed costs?
    Which products are profitable?
    Are my credit terms too loose?
    Do I have enough Cash on hand?
    How much debt can I actually afford?

    These are some vital questions every small business owner should be aware of.

    Let me know what you think.
     
  2. Finn

    Finn Jr. VIP Jr. VIP

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    Some good questions there indeed. Often I just check how much cash a certain method or keyword brings me.

    If it doesnt pays off that well mostly I just skip it and directly move on with the next one you know.

    Will hit that vote button now for you dude.

    Cheers,

    Finn
     
  3. TheNumbersGuy

    TheNumbersGuy Jr. VIP Jr. VIP

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    That is a good way to prevent yourself from having smaller margins, you should also try and figure out how much you would have to earn on each keyword in order to breakeven. If you know this number you could calculate a margin you would like to earn on top of that and evaluate whether the keyword/method is worth your time.

    Thanks for the vote bud.