I do totally understand that you want to retire. At the time of retirement for me, I think I am going to go ahead and continue to log in on a daily basis though. Logging in, doing the to-do-list, and sending encouraging TM to those under me is not that hard. This is me personally though and you may want to have a life without computers when you retire.
So when you go to retire: First figure out who you want to have the residual income you have built up. After this is done, log on one last time and update your profile information to the trusted person. Let the trusted person know your password so they can now log in and send and do the job you normally do. Make sure they understand they have some homework to do in the LaunchPad.
I do totally understand that you want to retire. At the time of retirement for me, I think I am going to go ahead and continue to log in on a daily basis though. Logging in, doing the to-do-list, and sending encouraging TM to those under me is not that hard. This is me personally though and you may want to have a life without computers when you retire.
So when you go to retire: First figure out who you want to have the residual income you have built up. After this is done, log on ...more
You would need to keep someone in your family active in the business with you ...Whoever it is you want to take over for you start teaching them now so they will know Exactly what to do at that time.
Make sure they know all the important info that is necessary for them to continue on with what you've started and teach them to teach there own siblings or children to do so after they time has come. Keep it in the Family so everyone can have a Solid Future
If you look at clause 39 of the SFI Affiliate Agreement you will see that it makes ample provision for your beneficiaries. SFI will keep sending the commissions by the selected method. Providing the beneficiaries have access to the SFI account in the form of the ID and password then they will be able to enter the account and make any necessary changes. i.e. change the name on the account and the payment method.
I would suggest that you explain to your beneficiary how SFI works and what they will need to do to keep the account active, and of course make sure they have your SFI ID and password.
If you look at clause 39 of the SFI Affiliate Agreement you will see that it makes ample provision for your beneficiaries. SFI will keep sending the commissions by the selected method. Providing the beneficiaries have access to the SFI account in the form of the ID and password then they will be able to enter the account and make any necessary changes. i.e. change the name on the account and the payment method.
I would suggest that you explain to your beneficiary how SFI works and what ...more
As others have suggested in their answers, one of the best ways to ensure that your SFI business continues to grow and provide income for your beneficiaries is to recruit, teach and groom a family member(s)to take your place. Remember, you are the engine that drives your business. If you take that away, eventually your business will lose momentum and stop altogether.
In addition, I would also consult an attorney in order to draw up whatever papers are necessary to make certain that there is an orderly transition of your business/assets. Many people don't think about this aspect and it, unfortunately, leads to unnecessary problems down the road.
Of course, the good thing about SFI is that there is no mandatory retirement age so here's wishing you MANY years of success!!
less
Jalna...
As others have suggested in their answers, one of the best ways to ensure that your SFI business continues to grow and provide income for your beneficiaries is to recruit, teach and groom a family member(s)to take your place. Remember, you are the engine that drives your business. If you take that away, eventually your business will lose momentum and stop altogether.
In addition, I would also consult an attorney in order to draw up whatever papers are necessary to ...more
Hi.
The only way to do this, is to first build a long formidable active team. One of my upline leader, once told me that if he decides to stop now, his income in SFI will continue. why? because he had built up a formidable team. Groomed his PSAs and CSAs,bought an ECA program on cause and has sales from Referred TripleClicks Members and had a continual standing order.All these and more he put in place in case he wants to retire.
I believe you should consider setting these things too in place, before you retire.
Put your family in the business too, that way continual funds will keep on coming to meet your daily needs
less
Hi.
The only way to do this, is to first build a long formidable active team. One of my upline leader, once told me that if he decides to stop now, his income in SFI will continue. why? because he had built up a formidable team. Groomed his PSAs and CSAs,bought an ECA program on cause and has sales from Referred TripleClicks Members and had a continual standing order.All these and more he put in place in case he wants to retire.
I believe you should consider setting these things too in ...more
Hi,
Before retirement my suggestion is to build a team with the real workers. And guide the team properly and regularly. So that they will be able to enhance their knowledge and will make their own team down the line. Once you get confidence on your team help them to build up their team. Try to help them in every step. Its a legacy kind of thing. Generation by generation you will find yourself on the top with uncountable VP and rest you know...
So my request is
1) Learn how to work with workers.
2) Enhance your knowledge.
3) Build up a good time with real workers.
4) Enable and equip your team members.
5) Make them knowledge.
6) Ask them to duplicate these steps.
Once you are done then i think you don't need to wait up to retirement rather you will ask your management for VR.
Hi,
Before retirement my suggestion is to build a team with the real workers. And guide the team properly and regularly. So that they will be able to enhance their knowledge and will make their own team down the line. Once you get confidence on your team help them to build up their team. Try to help them in every step. Its a legacy kind of thing. Generation by generation you will find yourself on the top with uncountable VP and rest you know...
When you retire from your main job/career/source of income, SFI is a great thing to have. Once your SFI business is established, all it takes is an hour or two a day on your part to check emails and train your down line. All of the rest of the work is done for you through PRMs sales commissions and matching VersaPoints. This can provide you with a great source of income for years to come.
Do your to dos every single day. Advertise every single day. Build your down line and teach them everything you know. Then, have them start building their down lines. Do all of this now, while you are still working, and years from now you will have a nice nest egg.
less
When you retire from your main job/career/source of income, SFI is a great thing to have. Once your SFI business is established, all it takes is an hour or two a day on your part to check emails and train your down line. All of the rest of the work is done for you through PRMs sales commissions and matching VersaPoints. This can provide you with a great source of income for years to come.
Do your to dos every single day. Advertise every single day. Build your down line and teach them ...more
There is no 100% guarantee on any thing in life or/and in world. You can not be 100% sure what will be tomorrow or the day after.
But, the fact is that SFI is among global MLM business since 1998.
If you look at the growth tab, you can see that SFI has now grown to more than 95.000 products and services (and growing daily) sold in ECA's from more than 160 countries around the world.
For now, there are over 2.800.000 members with about 6.800 ECA's.
There are thousands of enrollments every day.
Therefore, these are some of the guarantees that when we retire, the SFI business we have spent years building continues to grow and provide income for our beneficiaries.
There is no 100% guarantee on any thing in life or/and in world. You can not be 100% sure what will be tomorrow or the day after.
But, the fact is that SFI is among global MLM business since 1998.
If you look at the growth tab, you can see that SFI has now grown to more than 95.000 products and services (and growing daily) sold in ECA's from more than 160 countries around the world.
For now, there are over 2.800.000 ...more
To ensure that your SFI business that you spent years building will provide income for your beneficiaries when you retire is to identify and pinpoint first who among your affiliates are performing exceptionally. Exceptionally means that they are leveling up every 2 - 5 months and tried to maintain that level when then achieved it. Second, assign to them your other affiliates who are averagely performing which means they are maintaining their EA status every month. Why? Those top performers in your team who are always leveling up and maintain in that level till they achieved the next level are the ones who have the mentality of a LEADER and they will inspire those AVERAGE performers in your team to follow their strategy by inspiring and encouraging them.
To ensure that your SFI business that you spent years building will provide income for your beneficiaries when you retire is to identify and pinpoint first who among your affiliates are performing exceptionally. Exceptionally means that they are leveling up every 2 - 5 months and tried to maintain that level when then achieved it. Second, assign to them your other affiliates who are averagely performing which means they are maintaining their EA status every month. Why? Those ...more
Unless there's a formal legal process (and the Support Index here does not suggest that there is such a thing), your best options are as follows:
1) Submit a support ticket to find out if it's possible to put your account into a beneficiary's name.
2) Failing that, get your beneficiaries to sign up as your affiliates, then divvy up your downline among them through the Reassignment Manager under Genealogy. I don't believe there is a way you can transfer CSAs, however. Regardless, you're going to show them all how to build their businesses by educating them and how they can teach others so they can build their businesses and earn new CSAs in turn.
I'm not sure what the laws are regarding residual incomes and inheritance. You may also want to contact a lawyer.
less
Unless there's a formal legal process (and the Support Index here does not suggest that there is such a thing), your best options are as follows:
1) Submit a support ticket to find out if it's possible to put your account into a beneficiary's name.
2) Failing that, get your beneficiaries to sign up as your affiliates, then divvy up your downline among them through the Reassignment Manager under Genealogy. I don't believe there is a way you can transfer CSAs, however. Regardless, ...more
