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Millions of
people have discovered the benefits of working from home using their computer
and the Internet. They enjoy the freedom of being able to work the hours and
days they choose and having more time to spend with their families as well as
having enough money to enjoy life. These people are not restricted to fitting
their personal life around set company hours. This is the kind of life you can
enjoy as well if you are willing to put in the time and effort. This lesson discusses
general home business concepts.
GET RICH QUICK SCHEMES
When you search
the Internet for “work from home opportunities” you will come across many
websites that will try to convince you to buy their “amazing formula” which is
“guaranteed” to make you rich within a short time with very little effort.
These websites use pictures of fancy looking homes with a swimming pool and a
top of the range sports car to ignite the desire within us to own these luxuries.
It is followed by a long-winded story of how the webmaster went from rags to
riches and how you can too. The cold harsh truth is that there is no genuine
way to make a lot of money overnight unless you know how to pull off some
professional scam. But there are people looking for fast track wealth solutions
in the hope of becoming rich quickly so they can pay off their mounting debts
and buy everything they want. These people are targets for the scammers who set
up these “get rich quick” websites who blind them with lies and false promises.
Quote from SFI website: "Get-rich-quick" is a fairy tale. If
overnight riches are your dream, your odds are probably better playing the
lottery than running a business—any business. We're sorry, but we won't insult
your intelligence with promises of overnight wealth. That said, we've paid out
many millions of dollars to our affiliates who've applied themselves. Indeed,
as thousands of our affiliates will attest, there's huge money to be made in
SFI, if you're willing to do the work.
THE CORRECT MINDSET
Before you can
become successful in anything you need to have the correct mindset. Your
mindset is your general attitude to whatever you want to do. Most people who
look for get rich quick schemes online hold the attitude that they want as much
money as possible with as little effort as possible because they are lazy and
impatient. This is a negative mindset and often results in these people piling
up large debts buying every “magical money-making formula” that they can get
their hands on.
Before you
proceed with these lessons it is important that you know what is expected of
you in order to succeed as an Internet Marketer. You need to accept that
earning the big money online is going to take time and effort on your part and
there is no guarantee that every effort you make is going to succeed for you.
In your role as an Internet Marketer you will be performing regular tasks such
as recruiting, supporting new customers and team members.
A home business
should be treated as a real business, not some online work from home scheme
where you get paid for stuffing envelopes or assembling toys. You are expected
to get customers and you only get paid from any sales you personally get. You
do not get a regular salary. You are working for yourself and therefore all
responsibility is on you. You may be expected to put some money into your
business and if so – then you must be prepared for the possibility of making a
loss.
So in general you
need to accept that it takes time to build a profitable home business which can
take (on average) anything between six months and five years. You need to be
patient and keep trying to build your business even if you are making very
little or no profit. You must be willing to believe in yourself and keep a
positive attitude as there will be times when you face disappointment and feel
like giving it all up. Remind yourself why you are doing it and convince
yourself that one day you will become successful.
BECOME ORGANIZED
Running your home
business can be so much easier if you take the time to organize everything. For
example you may want to set up a new email address for business use and work
out a budget that you can comfortably afford to invest in your new business.
You may also consider the most suitable hours you can work that fit around your
other commitments. Whatever you need to do it is best if you take the time to
decide how you are going to do it. Make a daily planner and write down what you
are going to do and set yourself goals on achieving those tasks. Here is an
example list of things you will need.
Business Email
Address: You will find yourself
signing up for many services such as marketing tools and advertising resources.
There are many services on the Internet that you can use to help you with the
running of your business and you may not want emails from them mixed in with
your personal emails from other sources. Therefore you should get yourself a
separate email address from Gmail which
is the best one for business use. Most companies only accept a Gmail address.
Domain and
Autoresponder: These are the
two most important tools you will need to set up your business online and the
cost is quite reasonable. A domain allows you to create your own website to
promote your product and can cost $6 to $10 per month. An autoresponder allows
you to build a list of customer’s email addresses and email them at the click
of the button. An autoresponder will cost you a monthly fee of around $20 and
contains everything you need to build your list.
Create a Planner: You will find running your business so much easier if
you take the time to write down what you plan to do with your business and set
a daily, weekly and monthly task list. For example, you may decide to promote
your business with the traffic exchanges on a daily basis and do some research
on new products and advertising resources at weekends. You may write down what
you are willing to spend on your business and stick to that budget so you don’t
end up with huge credit card debts.
AFFILIATE MARKETING
In order to make
money online you will need a product to sell or a service to offer. You may
have access to a supplier of items that you can sell at a higher price or you
may be able to offer your own creations such as jewelry or clothes. Information
products can be created in the form of videos and books on a variety of
subjects such as learning to play the guitar or how to bake cakes. If you don’t
have a product then you can sell other people’s products and earn a commission
from them. This is called “affiliate marketing” and it is the easiest way to
start a home business.
You can earn a
good income with affiliate marketing and there are many products you can sell
just by looking at websites such as Clickbank where people list their products
with their offer of commission from each sale that you make for them. Some
companies have multiple products and offer a special website known as an
“affiliate website” which you (as an affiliate) can use to promote their
products. They give you a personal username so they know that the sale has come
from you. Some companies even provide extra resources such as banner and text
ads as well as training on how to promote them.
NETWORK MARKETING
A company can
take you on as an affiliate and pay you a commission for each sale you make but
you are limited to how many people you can reach. You will need to spend a lot
of money on advertising to keep getting the sales and your business will take a
long time to grow. But the good news is that you can build a team of affiliates
under you and get paid bonuses from any sales they make. You may also get paid
a percentage of any sales they make. Your team can recruit affiliates under
them and build their own teams and you can earn from them. This concept is
known as “network marketing”, and it is the best way to earn to earn money in
SFI.
Network Marketing
allows you to build a team of thousands of affiliates just like you who go out
and makes sales for the company and earn their own commission. Considering the
money you can earn from sponsoring bonuses and percentages of your team sales
you can make thousands of dollars very easily, even if you don’t make many
sales yourself. Companies do this to encourage you to bring them new affiliates
in to sell their products so it’s a win-win situation for both of you.
These affiliates
become part of your team and are known as your downline. They may buy products
themselves and so you can earn commission from their purchases as well. For an
example let us assume that your downline affiliate gained a sale of $20 from
their customer. Their percentage could be $5 for them and $15 for the company.
As that person is someone that you personally referred as an affiliate the
company would offer you a percentage of their own $15. So for example the
company’s commission could be $13, $5 for your team member and $2 for you as
their sponsor.
When you recruit people into your downline you
automatically become their Sponsor. As their sponsor your role is to help them
get started and to train and advise them on their new business. As your new
member they may have a few questions and would appreciate your help and
guidance. You can build a team of affiliates and profit from their efforts.
They can also do the same. And the good news for you is that the new affiliates
are still part of your team, even if you didn’t recruit them. When your
downline teams have built their own teams then it becomes a network. One big
team working together.
HOW TO BUILD SFI BUSINESS WITH VERY LOW BUDGET OR WITHOUT BUDGET
When it comes to online business, for many people it seems difficult, if not impossible task to build online
business without investment or with very little investment. However, with SFI, the
reality is quite the opposite. Indeed, as an SFI affiliate you have no
obligation to invest a single penny in order to become successful. Again, many
believe the opposite because of their lack of knowledge, or because they think
SFI is scam, or they want to earn income in few days (and they also probably
lost their money on other “get-rich-quick” type of programs) and as a result,
they very quickly give up. Here are some important tips how you can build your
SFI business without investment.
INVEST YOUR TIME IN READING AND LEARNING INSTEAD OF INVESTING MONEY
This also applies to those of you who have no problem with the budget. If you want to become successful in online business reading and learning is a crucial thing to do. Remember, you can learn absolutely everything about this business in just a FEW DAYS. Take me for example, i didnt have a clue about marketing, or about SFI and what they do, and when i first joined SFI, i needed just a few days to understand everything. I also didnt know how to create a blog or website, but i have quickly learned that too. You can become very successful in this business if you take just a little time to read and learn. And of course, reading is just one part. Next part is to apply what you have learned. This is the best and the cheapest investment you can make.
ADVERTISE SFI BUSINESS EVERY DAY
Without regular advertising of SFI business, you cannot be successful. You should be aware of this fact. Therefore, you need to advertise your SFI business daily. On the Internet there are thousands of free websites where you can post completely free your SFI ads. Do your homework, find the website and get started right away with advertising your business at no cost. But, do it wisely. You can post your ads on every website, forum, portal (and everywhere where is allowed to post ads), but focus mostly on those who have a solid attendance and the target audience.
Use the Google search engine to find such websites. In addition to the free Internet classifieds can also use the site to exchange traffic (Traffic Exhange), social networks, web 2.0 sites like Squidoo. And be sure not to ignore the offline advertising. SFI has made a lot of marketing aids and methods. You can advertise through phone calls, video chats, skype, conferencing, seminars, you tube videos, websites, blogs, job offer sites, newspapers ads, flyers, splash pages, postcards etc., and over all 'word of mouth'.
CREATE YOUR OWN BLOG OR WEBSITE ABOUT SFI
When it comes to build your SFI business with a lowest budget, one of the most powerful things is to create your own blog about the SFI business. There are many links and videos on the internet about creating great business blog. Best option is to create free blog on Blogger or Wordpress.
MAINTAIN YOUR EA STATUS EVERY MONTH (1500 VP)
That is the minimum if you want to build your SFI business. If you want to see earning potential you need to collect minimum 1500 Versa Points each month. You can do that by doing your daily, weekly and monthly actions, playing games, or when your PSAs (Personally sponsored affiliates) maintains EA, EA2 or Team Leader Status. When you achieve your EA status SFI awards you with 2 CSAs (Co-sponsored affiliates), and you can earn 15% comissions if they buy something. Important: if you do not maintain your EA status each month, you LOSE ALL YOUR CSAs. Next, if you keep EA status for 2 months, your rank will be EA2. SFI awards you again with 2 CSAs, but you also receive 10 free Tcredits which you can use for biding at Pricebenders auctions or redeem on 100 000+ products. When you have EA or Team Leader status you also earn commisions from Tripleclicks Executive Pool. Each month, SFI shares 40% of their earnings with EAs or Team leaders. Commisions from TC Executive Pool are shared by number of Versa Points which are collected by you and members in your team. More Versa Points of course mean more money. Versa points are converted into money at the end of each month.