03.05.19

Clothes that Shaped the Brand: He spent $162,301 on clothes!!?!

Neil Patel spent $162,301 on clothing. Yup, you read that right. From that investment he made $692,500. Not bad huh.

Neil Patel of Quicksprout.com is a genius at growing your website traffic and a master at making money. He’s helped companies like Amazon, NBC, GM, HP, and Viacom grow their revenue. He conducted a year-long experiment to determine whether or not the way you dress impacts your revenue, and he specifically looked at the return on investment.

He tracked everything he did. He changed nothing about his pitch, what he was selling, or the type of business he was after. The only change he made was what he wore. That one change resulted in an increase of sales to the tune of $692,500.

He says that when he dresses nicer, he gets larger business deals. What he wears does create conversations with random people on the street, but his true ROI came from the results he got from dressing nicer in business meetings. As someone who dressed extremely well, he was perceived as someone who was extremely successful—making more people want to be associated with him.

In one year, he spent $162,301 on clothing—and it resulted in a return in investment of $692,500. That’s over a 400% return. Not bad, right!? His image gave him an edge. A $692,500 edge, to be exact.

Neil conducted an experiment, but you don’t have to. I tell you Neil’s story not to encourage you to invest what might feel like an exorbitant amount of money on your wardrobe, but to offer the perspective that when you invest in yourself strategically to create an edge in your business, you will get results.

You can read the post Neil wrote about his experience on his blog.