In this post I want to talk about importance of INVESTMENT of time and/or money in your Business which could be ecommerce website or a Blog. There are TWO ways to increase the money that you have (in other words to increase your wealth) 1. By Adding 2. By Multiplying Consider case 1: John earns $500 per week. He spends $400 each week and puts away $100 into his money-box. This way John is increasing his money by $100 per week In approximately 100 weeks he would have increased his wealth by $10,000 i.e $10,000 / $100 per week = 100 weeks (approximately 2 years) Consider case 2: James earns $500 per week just like John. He spends $400 each week just like John. However he invest $100 per week with an approximate 10% return per week. This could be an investment in his own Website to increase site look & feel or SEO optimization or marketing or promotion or one of thousands of other techniques. How long will it take James to make his $10,000? About 6 months his savings will increase by ...
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