4 Ways To Invest In Your Startup With High Returns

Small Business Investment High Rate Return Bootstrapping Business Frugal Entrepreneur Lean Startup Digital Marketing

Small Expenses With Huge Returns: 
The Best Places for Your Bootstrapping Business Budget 

The success of a new business is often the result of a comprehensive and clear budget. If you have recently begun the process of laying down the foundation for your start-up, then read ahead for a look at some areas you should consider investing in if you would like to see big returns in the coming years. 

1. Conferences & Expos 

The lure of industry conferences may fade over time, but these events can be incredibly lucrative for small businesses. In addition to connecting you with potential clients, an expo or conference could also help you build relationships with suppliers, experts, and insiders. Owners who do not plan on presenting at expos might still want to consider visiting a few of these events every year. This will give them a closer look at their competition and the state of their industry as a whole. 

2. Email Campaigns 

Social media accounts aren't the only cheap way to advertise online. Many small business owners never realize just how effective and affordable an email marketing campaign can be. One group of studies even shows that every $1 invested in email marketing has a return of $44. You might not hit those numbers immediately, but you should still enjoy a great return on investment. The key is to create emails with actionable content that are easy to digest. 

3. Customer Support 

Excellent customer support is vital in every industry, but it is especially important for smaller companies with a relatively small customer base. Instead of paying for live operators or outsourcing this job, many small businesses can leverage the power of technology to improve their customer support. Live chat software is more affordable than ever and will allow your clientele to reach you quickly and efficiently for any questions or concerns they might have. 

4. An Eye-Catching & Responsive Website 

Practically every single business in the world will benefit from having an eye-catching website. No matter what industry you are in, growth will be exponentially more difficult without a strong online presence. Even if you do not plan on making any sales online, customers should be able to quickly find your phone number, email address, prices, current offerings, specials, and information on your company. If you can find room for it in your budget, a small SEO investment can make a massive improvement to your online traffic. 

No single budgeting tactic will work for every new business. That is why it is so vital for owners to start this process early so they know where every penny will be invested well before they open their doors.

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I hope you enjoyed this article on small ways to invest in your lean startup that will pay big dividends. 

Interested in more advice on budgeting for your startups?

Read My Posts:

- 5 Tips To Improve Small Business Efficiency 

- 3 Tips To Improve Your Business Outsourcing 


Best Of Luck In Business To You All!

Small Business Investment High Rate Return Bootstrapping Business Frugal Entrepreneur Lean Startup Digital Marketing


Michael J. Schiemer of Schiemer Consulting
Enthusiastic Entrepreneur & Owner of Frugal Business 
Digital Marketing, Social Media, & Entrepreneurship on a Budget
Bootstrap Business: Money - Marketing - Motivation
Mike Schiemer Builds Better Business

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