Before thinking of ensuring that you’re building your residual income potential, you should consider the source of your residual income potential and the factors that could influence its building and growth.
The best way to earn money online is not from one source but from multiple sources. In other words, build a diversified online income portfolio. SFI offers multiple streams of income:
- You can maximize your income with SFI’s sponsoring and duplication
- Increase your earnings by generating sales at TripleClicks
- ECA program – referring businesses and earn lifetime royalties or become an ECA yourself/encourage PSAs/CSAs to participate.
- Participate in SFI’s Pay-Per-Action (SFIPPA) program.
So if you have ever wondered what monetization models you should pursue for your financial freedom journey, diversification is the way to go. One step at a time...
Now, a word of caution before going further: You can get started with SFI without financial investment, but that doesn't mean that it’s an easy money making method. Earning money online requires hard work, dedication, and a willingness to invest. You need to possess the courage to try, to fail, and then to try again.
What you should be doing with your SFI business to ensure you’re building your residual income potential?
- You’re result-oriented driven in growing your SFI business which means, you’re logging in everyday performing your To-Do List, consistently investing on your training and widening your knowledge base to acquire the skills of an experienced marketer, closely following SFI news updates and innovations relevant to your SFI business growth, maintaining your EA status and moving up to TL rank according to The Plan (emphasized support of EA2s, BTLs, STLs, etc)
- You’re fully involved in training and supporting your frontline of PSAs to transfer your sponsoring and duplication skills and at the same time continuously acquiring new sign ups.
As you keep sponsoring, eventually you’ll find your 5 PSAs who will duplicate your skills and keep building your network deeper up to the 12th level. You’ll benefit in Matching VPs and provide you good commission shares.
The idea behind generating sales at TripleClicks is fairly simple - you earn commission by promoting TC products/services. So in theory, all you have to do is, start promoting your TC gateway everywhere.
Simple, right? Well, the idea is simple but there's much more to it than just posting your TC links on Facebook, Twitter or on your website.
You see, you might make a sale or two but if you’re looking for consistent income you’ll need to approach it strategically and build a trusting relationship with your audience.
When you retain your EA and TL status every month, you’ll benefit in Matching VPs which results in shares of Co-Sponsor commissions. Keep providing continuous support not only to your PSAs but also to your CSAs.
The ECA Program is another great source of residual income. Now is the time to fully engage in referring businesses to ECA. You’ll be earning 10% of the CV on all of their sales plus VPs which translates into bigger commissions and earning royalties for life.
As I gain more experience in network marketing, being able to implement tiered marketing approach, I would consider the SFIPPA program as another source of income potential.
Diversification is key but from my experience it’s best to focus on one area at a time. That way you could devote yourself entirely to each area and have a more action-centric focus.
n fact, none of what is written here really matters without you taking ACTION.
If you want to take full advantage of the new opportunities our online world offers, you must be willing to put in your time, your energy, your effort and loads of your commitment.
The possibilities are endless-- literally! It has never been more affordable in human history to start a business.