Archive for 'Business Needs'

Sfi: Home Business Reality

Wednesday, June 24th, 2009 at 7:43 pm  
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The reality of home business is that not everyone makes it. In fact I knew from my research that 95% are bound to fail. I decided I was going to look for something free. I didn’t want to waste my money if the statistics showed that more than likely I would fail. I found SFI it was free to join so I signed up.

When I joined SFI and started as a free member I was skeptical about the reality of home business. I found out that I wouldn’t make any money unless I became an EA -meaning you either have to make so much in sales every month or you buy so much every month. Even though I was skeptical about the reality of home business I decided to get my EA status the easy way and buy a $30 membership that would give me EA status every month without having to worry about it.

I was put off by this until I realized that by becoming an EA I locked in my position on the powerline and everyone who joined SFI after me would contribute to my check. The first month isn’t much but I calculated it out and within 3 months the SFI powerline will be paying for my EA status without my having to do anything. From there every penny earned on top of that is profit.

For my first month I made $10 with my powerline alone. At this pace the powerline will double every month and within three months the powerline alone will pay for the executive status. With in a year the powerline will actually be making some money, and that is just the POWERLINE which isn’t the main money maker with SFI, just a bonus.

The real money maker is your own affiliates; they hold the real money making power. The one home business reality that I have learned is that you will not get rich overnight contrary to all the ads circulating. It will take time to build and any good business needs investing of time and money. I was willing to invest some money, but not a lot. I thought $30 a month was reasonable and if I could do this for the next year I would see some real profits.

The powerline is just a bonus. The real money comes by referring your own members and if you are really terrible at this there is a co-op that you can join and they will get them for you. Now, the reality of home business with SFI is that the real way to earn money is to get your affiliates to upgrade to EA. Imagine how easy that would be if you tell them that within 3 months their upgrade will pay for itself. How cool is that?!

Whenever my own affiliates go EA they get this great powerline feature as well as getting the power of their own team earning capabilities. The reality of home business it that it takes time, but with a great company like SFI it is a reality that you can have. Start today and by this time next year you will be taking a nice fat check to the bank and patting yourself on the back.

Written by Ricco Richardson
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Keys To Success In A Home Business

Tuesday, June 23rd, 2009 at 12:52 pm  
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Like any business, a home business needs to be nurtured in order for it to be successful. You can’t just sit back and hope that it is going to take care of itself, and that the single action of having a website and submitting it to search engines to allow potential customers to find it is going to do the trick. No matter what you may have been told, there is no business that is going to make money for you without you having to do some work to make it happen.

They teach you about residual income in network marketing. But even that residual income in based upon hours, months, and possibly years of very hard work promoting, training, advertising, and learning in a continuous cycle. You have to do this until you have attained the level within the organization where you can sit back and let the business work for you.

Rental property is another area where many people mistakenly believe they can sit back and let someone else do the work. But again, this is something that only happens after years of doing things yourself in order to reach the point where you can afford to pay someone to take care of everything for you.

How does all of that tie in to the keys of success for a home business? It means that you have to work hard in order to be successful. One of the mistakes that many people make with a home-based business is that they fail to see it as a business and put it second in line after doing all of the other things they want to do. Even though you are not working in an office, you still have a business that needs your attention. So you have to devote time to doing just that.

That means if your best friend calls and wants you to go shopping, you have to make sure she understands that you still have a job, even though you are working at home. Does that mean you neglect family and friends? No, of course not. But you have to set aside certain hours to work on your business. Just as you would if you were going to work each day. That doesn’t mean that you have to work 8-5 each day. You do need to put in the amount of hours necessary in order to do the things that are required.

It’s also important to set aside a certain amount of time to do nothing but network and business promotion. You can do this by email, website promotion, passing out business cards in your local area, making up fliers to send out, or any number of other ways. The important thing is that you must have an organized method of networking if you want your business to be successful.

In summary, the key points are
(1) Treat your business as if you were going to work each day;
(2) Have an organized criteria for what you need to do daily; and
(3) Build your business with the knowledge that you will always have to be involved in order to maintain success.

Written by Ricco Richardson
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