A good financial budget for SFI depends on your financial situation. Regardless of your situation investing in the first month is often followed by despair when the person discovers how small the return is on VP earned. Therefore: here is my recommendations.
1. First month place a standing order. My preference is for one hundred Tcredits. You don't need to invest any more. Go to Tripleclicks and help them set up their transfer buying items and purchase them to increase their first months commissions, as that will give them more incentive to stay.
The first month it is very important that your people make EA, which can be done with no investment. This is the month to use your Tcredits to check out TripleClicks, and to study. Caution them to save some of the launch pads because the second month it is much harder to make EA. Advise them to study about marketing and advertising offering them good ideas and help for this. First month will set the stage for their business if they spend it studying and learning the system. If they want to invest more suggest Sbuilder Units.
2. Second month. By now they should be familiar enough with the SFI system to gauge how much they want to invest, have some idea as to where their investment should be spent. Their knowledge in this area will determine how much they should invest. Since they are already transfer buying, using the Tcredits in auctions and games, and keeping up their SO, they will be EA2. Now is the time to take advantage of any PSA's added in the first month, and strive to gain more through advertising. Expanding their advertising to the products that they have purchased in transfer buying, by advertising how well these products worked for them, should give them even more commissions their second month.
Third month. This is the time to invest whatever you feel you can in gaining new PSA's and advertising TC products. Now that they have some indication of how well they can work SFI, and where their strengths lie in building this business; is the time to begin to invest more by purchasing more products, and more advertising.
A part of their investment should be spent in helping their PSA's gain EA2 and them becoming a BTL. If they have build a solid foundation in the first two months, becoming a BTL and an ECA should be the goal to gain the most profit from SFI available to them. If they are fortunate to have 1 or 2 active PSA's they could strive for Silver.
Many people don't stay in SFI because they haven't learned the ins and outs of building their business using their strengths.They are striving and working hard doing the dailies and some advertising, but haven't established a strong foundation to work from. Investment in SFI doesn't build a solid foundation if you are spending your investment where it isn't working the best for you. SFI can be worked free for two months and still provide a small commission. Why invest in something you have little knowledge about? Study and learn to make your investment work for you.
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A good financial budget for SFI depends on your financial situation. Regardless of your situation investing in the first month is often followed by despair when the person discovers how small the return is on VP earned. Therefore: here is my recommendations.
1. First month place a standing order. My preference is for one hundred Tcredits. You don't need to invest any more. Go to Tripleclicks and help them set up their transfer buying items and purchase them to increase their first months
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