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	<title>Sherpa Business Development &#187; diversification</title>
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	<description>Your Guide to Higher Profits</description>
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		<title>The Best Investment You Can POSSIBLY Make</title>
		<link>http://sherpabusinessdevelopment.com/2009/03/the-best-investment-you-can-possibly-make/</link>
		<comments>http://sherpabusinessdevelopment.com/2009/03/the-best-investment-you-can-possibly-make/#comments</comments>
		<pubDate>Sat, 07 Mar 2009 16:19:12 +0000</pubDate>
		<dc:creator>AndyM</dc:creator>
				<category><![CDATA[Strategy & Planning]]></category>
		<category><![CDATA[diversification]]></category>
		<category><![CDATA[return on investment]]></category>
		<category><![CDATA[ROI]]></category>

		<guid isPermaLink="false">http://sherpabusinessdevelopment.com/?p=47</guid>
		<description><![CDATA[Stock market have your stomach in knots and your head spinning? Talk about stress. What&#8217;s worse than fretting over things that we just can&#8217;t control? I know I talk about &#8220;best-kept secrets&#8221; a lot, but that is just the way I see things. When the vast majority of people walk right past a dollar bill [...]]]></description>
			<content:encoded><![CDATA[<p>Stock market have your stomach in knots and your head spinning? Talk about stress. What&#8217;s worse than fretting over things that we just can&#8217;t control?</p>
<p>I know I talk about &#8220;best-kept secrets&#8221; a lot, but that is just the way I see things. When the vast majority of people walk right past a dollar bill laying on the sidewalk, then I can only conclude that the fact that it is there is somehow a secret reserved for a select few.</p>
<p>Want to know the &#8220;secret&#8221; to investing money and earning 100%, 1,000% return or even more, within a few months? &#8220;Pssst&#8230;listen here&#8230;&#8221;</p>
<p><strong>The Best Investment You Can Make</strong><br />
Let&#8217;s suppose you invest in stocks, bonds or mutual funds. What kind of return can you reasonably expect to make? 5%? 10%? 15%? Maybe. And if you&#8217;re really lucky&#8230; maybe 20 or 25%.</p>
<p>But along with those numbers, comes a certain amount of risk. We know this now more acutely than ever. You could very easily lose it all in the process.</p>
<p>But an effective marketing campaign could have the potential of generating up to 5,000% or more in profits.</p>
<p>If you spend, say, $100 on an ad or a campaign and it returns $1,000 in profits, you&#8217;ve just earned 10 times your ROI (Return On Investment). That&#8217;s a 1,000% return. And if it were to return $5,000 in profits&#8230; you&#8217;d have a 5,000% return.</p>
<p>But I can hear your questions now. &#8220;How realistic is it to invest $100 and get a $1,000 or a $5,000 return? I mean, does it ever happen? And if it does, is it the exception rather than the rule?&#8221;</p>
<p>Good questions. All of them. And the answer is&#8230; Yes, it is realistic. Yes it does happen. And yes, it is the exception, rather than the rule.</p>
<p>Now, don&#8217;t let my answer to that last question (the exception, rather than the rule) dissuade or discourage you. It doesn&#8217;t have to be that way. Follow a few simple rules, get sound advice, and treat your marketing spending like the <strong>INVESTMENT</strong> it really is to ensure maximum results.</p>
<p><strong>Tips From An &#8220;Investment Advisor&#8221;</strong><strong><br />
</strong>O.k., let&#8217;s have some fun with this &#8220;investment&#8221; analogy. I often refer to my relationship with my clients as &#8220;marketing advisor&#8221; &#8212; so let&#8217;s run with it. Some strategies to maximize the return of your marketing investments:</p>
<ol>
<li><strong>Allocate Your Assets</strong>: You&#8217;d never put all of your financial eggs in one basket &#8212; don&#8217;t do it with your marketing either. However simple, be sure to always have <strong>multiple</strong> ways that you can <strong>predictably</strong> generate new business.</li>
<li><strong>Invest Incrementally</strong>: When experimenting with a new stock or other financial instrument, you are advised to &#8220;wade in&#8221; slowly. In the world of marketing, the saying is &#8220;test, test, test.&#8221; Don&#8217;t buy a list, send out 5,000 letters, then cross your fingers that you get some business. Test different offers to small groups first, and measure your results.</li>
<li><strong>Protect Core Wealth</strong>: A good financial advisor will not only try to grow your assets, he or she will work to protect a core of your wealth from risk. What are your business&#8217;s core assets? your existing and former customers. The odd thing about your existing customers is that not only are they the &#8220;core&#8221; that you need to protect, they will also be the source of <strong>highest return</strong> on your marketing investment.</li>
<li><strong>Systematically Monitor Results &#8212; Don&#8217;t Obsess</strong>: Lots of trading in financial markets is proven to diminish returns. On top of that, it is a waste of valuable time that could be spent being productive. Constantly tinkering with your web site can be a big drain. Put that energy into planning a closed-loop marketing tactic, execute on it (don&#8217;t keep changing the plan!) and measure results monthly.</li>
<li><strong>Get Sound Advice</strong>: You can never be on top of the best practices of investing money as much as someone who does it for a living (at least you shouldn&#8217;t try). Hold them accountable to results and get them to articulate how and why their proposed actions will help you meet your goals. Need I articulate the marketing side of this point? <img src='http://sherpabusinessdevelopment.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </li>
</ol>
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