The Law Of Diminishing Returns: Why Your Growth Might Be Slow, Plateauing, Or Declining (Part 1)

The Terrific Teacherpreneur

This week’s episode of The Terrific Teacherpreneur is Part 1 of a two-part episode on the economic principle of the law of diminishing returns. This theory can be applied to each and every aspect of your business, so be ready for an impactful episode!

In this episode, I discuss:

• How the law of diminishing returns influences the amount of resources, time, and effort you should devote towards your business
• How to use this line of thinking to your advantage
• When adding more resources to your store won’t bring higher earnings
• Why you need to take a close look at the time you devote to social media and its payout
• Why you need to carefully consider your ad spend, VA investment, and monthly memberships

The law of diminishing returns may not be the most uplifting thing to think about, but closely considering its effects on your business is bound to give you an advantage!

Look for Part 2 of this episode where I'll address how this principle impacts new and seasoned sellers differently.

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