When thinking about a good financial budget to start with for your SFI business, you need to look at the core business principles of SFI. SFI BASICS provide a solid foundation for your SFI business. As you maintain and abide on your SFI business foundation, you’ll be able to establish a good financial budget for growing your SFI business.
As a SFI business owner, you need to ensure the growth and momentum of your SFI business by following these important steps:
1. Become and maintain your EA status.
Becoming and maintaining your EA status every month must be included in your budget. You are in a real business, you no longer have a boss holding you accountable. Your success is dependent upon you and your actions.
A sustainable business plan should include the Fast-Track membership. By becoming a Fast-Track member, you’re boosting your SFI income for years to come. There are great benefits that come with being a Fast-Track member. It includes 10% bonus shares of TC Executive Pool per month, 250 bonus VP, etc.
If you’re just starting in SFI, a good strategy to implement in becoming a Fast-Track member is by doing the following:
- Complete the five Getting Started actions, which are indicated with JET icons.
- Purchase the New Member Pack (NMP) which costs $20.
You should strategically collect your Getting Started Actions VP accordingly. Most new affiliates collect all their free action VPs in their first month without financial investment to achieve EA, making it difficult for the following month to maintain their EA status. Doing the two steps above to become a Fast-Track member will yield 750 AVP, which is half of the 1500 VP requirement to achieve EA. You can collect the remaining required VP by performing your daily To-Do List and collecting the AVP associated to the next step.
2. Sponsor to build your downline.
Sponsoring should be the focus of your activity and it should occupy a substantial amount in your budget. You should have a marketing plan and a marketing strategy in place for your lead generation if you are to succeed. Your SFI business requires your long term commitment and establishing a sound budget to support the momentum and growth of your SFI business is an important part of a success-driven business practice.
You’ll need to set aside certain amount for your advertising needs. Your financial budget is well spent as you invest in:
- Your domain name, which includes web hosting
- Lead generation tools (SEO, A/B testing platform tool, LinkedIn Advertising suite, Email capturing tool, etc)
- Driving traffic to your website/blog.
There is no faster, more immediate way to get targeted traffic to your website/blog on a consistent basis than with Paid Search Marketing, also known as Pay Per Click. Google AdWords provides the most popular pay per click platform for advertisers looking to get valuable exposure on Google’s search results pages as quickly as possible. Search Engine Optimization and Social Media Marketing both take some ramp up time, which is where Pay Per Click marketing can become extremely valuable.
- Strategic email marketing campaign.
Use an email marketing system that allows you to use professional looking email templates, track the effectiveness of your email campaigns and auto-schedule email messages to be sent at set times in the future. You can sign up for a web-based email marketing services to help you design email newsletters professionally, share them on social networks, integrate with services you already use and track your results.
Conclusion:
It is very important to establish a good financial budget with your SFI business to produce the kind of results you’re looking for. It will require hours of consistent time and effort and certainly a marketing budget to maintain the growth of your SFI business successfully.
There are many ways to market a business these days; however, there are only a few ways now to get the most of your financial budget and for your time. The most cost effective and far reaching methods have been outlined above and should bring a very clear picture for you on what you need to start doing today to market your SFI business smarter.
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