How can you build your SFI business on a tight budget?
What does tight budget means? This question seems to lean more on financial investment. Does it mean investing the most economical way and your time wisely?
In building your SFI business, you need to adhere to SFI BASICS as the core principle in building your own SFI business:
- Become an Executive Affiliate (EA) and remain an EA every month.
- Recruit five affiliates using the methods for Affiliate Sponsoring.
- Teach your five affiliates to do these same three steps.
There are important factors that should be considered in setting your budget as you start to build your SFI business: Your investments
1. Time
Time plays an important role as you build your SFI business. What’s your long term goal? Is it to quit your current job and work full time with SFI? Is it to supplement your current income or achieve financial freedom? Depending on your long term goal, you can figure out how much time to allocate every day. Develop a time plan that suits your schedule and lifestyle.
Since you need to maintain your EA status, missing a day logging in will cost you 11 Action VPs, which could have made you EA, and also the chance to participate in the Daily Grand and T-Time Hourly TCredits Drawing. Time is very crucial especially if you are just in part time SFI business. Allocate time for Sponsoring, if you consider using free ads, will it fit to your time frame in regards to your long term goal? What about your time in communicating with your downlines? Would you be able to give a prompt answer to your affiliates and depend on your support?
2. Financial
How much can you afford to maintain your EA status? This can vary depending on your funds that you have set aside each month. There are many choices, ranging from Standing Order of 1 TCredit ($1.89) quantity of 10 = 1020VP and 50 MRP with a total cost of $18.90; and by the end of the month as you perform your daily tasks, you can achieve EA. You can also choose to place 100 TCredits for $29 = 1200VP or find any TC product, which is eligible for SO and has a higher VP. You can use your TCredits for bidding in Pricebender auctions which offer double MRP. By doing this, you can accumulate your MRPs and reinvest in building your team. Make use of your W3 (Wave 3) membership benefits of 5 free monthly TCredits, 50 free monthly MRP. Refer aW3 member and have the chance to win $250, receive additional 5 TCredits and 50 MRP.
Depending on your budget, if you can afford to purchase affiliates from ECAs (sometimes, they offer sale at reasonable price), this will save you time and time is money. This is your business, take it seriously. Find out how you can spare cash from your monthly cost of living expenses. If you are willing to sacrifice now to spare some cash and invest it to your SFI business, you will be glad that you have done it and will be thanking yourself in the future.
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How can you build your SFI business on a tight budget?
What does tight budget means? This question seems to lean more on financial investment. Does it mean investing the most economical way and your time wisely?
In building your SFI business, you need to adhere to SFI BASICS as the core principle in building your own SFI business:
- Become an Executive Affiliate (EA) and remain an EA every month.
- Recruit five affiliates using the methods for Affiliate
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