Let’s assume that you have your business which you promote through your brick and mortar store. This is why you spend about $100,000 just to make sure that your store looks good. This amount of money would be enough to cover the costs of space rental, paint, good flooring, some fixtures, and an inventory system.
Unfortunately, if you do not own a website, your store would still pale in comparison to your competitors who already have a well-established online presence.
Know that no matter how impressive your brick and mortar look, the fact still remains that it would still be able to attract only the locals. O, where are you now in a world of stiff competition? At the bottom, or maybe not even on the list. But, if you spend money on developing a kick-ass website, chances are high that your business not only survives but will flourish amidst competition. So, why should you invest a significant amount of money on your website? The following are some of the many reasons why.
Websites have greater chances of giving you a massive return on investment.
The same is true even if you compare what you earn from other assets that you may be investing in already or could possibly invest in. Research reveals that websites typically sell 25 times more than their monthly profit. This goes to say that if your website is earning $400 per month, you have a high likelihood of being able to sell it for $10,000 and this translates to 15 times more than what you will earn from a stock index fund.
This is the reason why the professionals from Gremlin Works suggest that if you’re looking to invest, you might as well choose to invest money on a good website. Remember that no matter how much money you invest in it, rest assured that the profit will be much more than you expected, provided that everything is done properly.
You have better control over your website than any other asset class.
If you invest in Gold, you will completely be bound to the market because there is no way you can influence the price of gold. As for real estate, you can have the power to decide on how much improvements you want to make on a specific property. But, you can never change its environment.
However, if you invest in a website, you will have more control over it because there is so much that you can do on your end to speed up your ROI. So, if you want to make changes in the way your website is designed, or if you want to change its content, newsletter and the SEO strategies that you use for it, you have all the power to do so in order to speed up your revenue generation.
The best thing about investing in a website is that you do not have to worry about how much you should invest. This is because you have the liberty to decide how much you’re willing to invest.