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We’ve all heard the classic business cliché: "You have to spend money to make money." But honestly? I’ve never really loved that phrase. It leaves out the most crucial part of the equation. What if we rephrased it to: You have to spend money to make money, but you also need to know if the money you’re spending is actually working.
In this episode, I’m challenging product-based business owners to stop looking at Return on Investment (ROI) purely through the lens of digital ad spend. The truth is, every single dollar that leaves your business is an investment, and every investment deserves a return.
From hiring team members to investing in photography, copywriters, and coaching programs, I break down how you might be flying blind with your capital and how to start tracking profit metrics instead of vanity metrics. I also share a simple, three-question audit you can start using today to ensure every dollar has a job and is doing it well.
Key Takeaways
The 3-Question ROI Audit
To keep yourself from flying blind, I want you to perform this quick audit this month on any expense—whether it's a software subscription, a new piece of equipment, an employee, or a mastermind:
My Advice: Once you have your answers, act on them immediately. Double down on what’s working, fix or re-engineer what is underperforming, and ruthlessly cut what isn't producing.
Work with Me - https://www.ciarastockeland.com/work-with-me
Visit the Bookstore - https://www.ciarastockeland.com/bookstore
Sign Up for Free Weekly Tips and Trainings - https://www.ciarastockeland.com/subscribe
By Ciara Stockeland5
3636 ratings
We’ve all heard the classic business cliché: "You have to spend money to make money." But honestly? I’ve never really loved that phrase. It leaves out the most crucial part of the equation. What if we rephrased it to: You have to spend money to make money, but you also need to know if the money you’re spending is actually working.
In this episode, I’m challenging product-based business owners to stop looking at Return on Investment (ROI) purely through the lens of digital ad spend. The truth is, every single dollar that leaves your business is an investment, and every investment deserves a return.
From hiring team members to investing in photography, copywriters, and coaching programs, I break down how you might be flying blind with your capital and how to start tracking profit metrics instead of vanity metrics. I also share a simple, three-question audit you can start using today to ensure every dollar has a job and is doing it well.
Key Takeaways
The 3-Question ROI Audit
To keep yourself from flying blind, I want you to perform this quick audit this month on any expense—whether it's a software subscription, a new piece of equipment, an employee, or a mastermind:
My Advice: Once you have your answers, act on them immediately. Double down on what’s working, fix or re-engineer what is underperforming, and ruthlessly cut what isn't producing.
Work with Me - https://www.ciarastockeland.com/work-with-me
Visit the Bookstore - https://www.ciarastockeland.com/bookstore
Sign Up for Free Weekly Tips and Trainings - https://www.ciarastockeland.com/subscribe

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