Thank you for asking such a good question. The answer is basically fundamental. Businesses have expenses and they exist to make a profit. Keep your costs low, maximize your sales, and profits will be strong. Therefore, spend less than you earn fundamentally speaking.
However, business is a risk taking venture for profits. Any savvy business person, must calculate some risk in exchange for greater rewards. Business is not a something for nothing venture and neither is SFI. As entrepreneurs, SFI affiliates must educate themselves on the most effective ways to control costs just like in any other business venture. Therefore, spending should reasonably be based upon the anticipated return on the investment. As far as how much spending, each SFI affiliate must decide this based on the short term goals they set for their SFI business. If you just want to recruit a few affiliates per month, you can do this with FREE advertising. If you want to recruit hundreds then it's going to take some form of direct response advertising. NEVER invest money that you can't afford to lose. All investment is at risk! May the buyer be aware.
In conclusion the best guide for any business to follow when trying to curb spending and maximize profits is a budget. I would leave home without it! You are the CEO of your SFI business. Set a budget that maintains your EA status and promotes the growth of your sales network. This will be varying amounts for each affiliate because we have different teams. My team includes many EA2s but another affiliate's team may not. So I earn TL qualification points from my EA2s which allows me to adjust my SO so that I only need so many versa points from sales/purchases. However, another affiliate without TL qualification points needs more versa points from sales/purchases. In the end, it doesn't matter as long as you qualify. Right now, I'm not changing my SO but as I gain even more EA2s, the time may come when I don't need it for TL qualification. This is the power that a budget affords you. Spend according to your budget.
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Thank you for asking such a good question. The answer is basically fundamental. Businesses have expenses and they exist to make a profit. Keep your costs low, maximize your sales, and profits will be strong. Therefore, spend less than you earn fundamentally speaking.
However, business is a risk taking venture for profits. Any savvy business person, must calculate some risk in exchange for greater rewards. Business is not a something for nothing venture and neither is SFI. As entrepreneurs, ...more
