The difference between being an SFI affiliate and having a traditional business is clear when you give it some thought. Nonetheless there are some similarities as well. Just to be balanced, let's example a few of the similarities as well as the differences.
Here are just a few of the similarities SFI has to a traditional business.
1. They both are businesses and as such they should be operated with profits in mind.
2. They both require strong dedication and commitment to reap the rewards.
3. They both require a considerable amount of time to build. There really is no get rich quick when it comes to business. There are risks involved. The risks must be diminished by the return.
4. The both require a operating budget. While the budget for SFI will be much lower than for a traditional business trying to operate either without capital is like trying to drive your car without gas!
5. The both promise great rewards if all the variables fall in place properly. The sky is the limit in either case.
The list above is in no wise conclusive so I challenge you to explore other similarities so that you can appreciate them both.
Next, let's explore some differences. Below are just a few of them:
1. SFI affiliates can usually start their business without having to have a permit. Traditional business come with all kinds of regulations. Now their are regulations for SFI affiliates as well but fewer than with a brick & mortar business.
2. SFI affiliates are not employees nor do they have employees. The buck starts and stops with your decision to act or not. Most traditional businesses have employees.
3. SFI affiliates have greater flexibility to work when it is convenient rather than have 'store hours'. TripleClicks is a 24 hour virtual store within a store. Most traditional businesses have operating hours.
4. SFI affiliates have low overhead and no inventory to maintain unless they decide to become an ECA that inventories certain items. Traditional business have huge inventories to maintain at great cost to profits.
5. SFI affiliates earn 45% on the commission volume while traditional businesses gross 100% of what their mark up is.
Therefore in light of the aforementioned similarities and differences I must say the the SFI affiliate has the greatest flexibility of time and lower overhead expenses. However, a traditional business is going to become very profitable sooner rather than latter because they gross 100% of the markup on the cost of their inventory.
If you are well financed why not have a traditional business? You stand to get more money sooner rather than later. But if you are cash poor, becoming an SFI affiliate is just the right thing for you to do to earn money selling products and services. Businesses have enough cash to tie them over in low economic periods. Being an SFI affiliate means that if you are not growing your network AND producing commission volume then you have little or no money to show for your efforts. I'd definitely say having a traditional business that is productive is far better than being an affiliate of SFI. Yet, the choice is up to you. So are you in or are you out? Either way you must decide.
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The difference between being an SFI affiliate and having a traditional business is clear when you give it some thought. Nonetheless there are some similarities as well. Just to be balanced, let's example a few of the similarities as well as the differences.
Here are just a few of the similarities SFI has to a traditional business.
1. They both are businesses and as such they should be operated with profits in mind.
2. They both require strong dedication
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