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EARN MORE with your best side hustles… let the others go
Focus your energies on what works
I have three side hustles that are important to me. I put the amount of energy into each according to the amount of gains I can get in return.
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Energy must match returns.
I understand when a business is new you need to put in a lot of work, however, once it's established, check which business has the highest ROI and then invest your energy accordingly.
ENERGY = ROI
Make sure you invest as much as your returns. There is no need to invest excessively unless you are sure of reaping the benefits in a reasonable amount of time.
Jack has a dog-walking business and an online writing business. He earns more from online writing but the amount of energy is much higher than what he invests in his dog walking business. The ROI on dog walking is higher than the ROI on writing. What should he do?
Invest more in dog walking because even when online writing makes more money, it takes up more time and energy as well and ROI is lower. There is a much higher ROI for the dog walking business.
