For the most part, the general population dislike network marketing.
That is a fact of life that all of us who do try and create a business in this industry have to face head on. Even though, by its' very nature, network marketing is the cheapest yet most effective business building tool out there.
When billionaires of this world like Donald Trump and Bill Gates say that if they had to do it all over again, they would choose network marketing, you know it is an effective tool.
In fact, network marketing is the building block of a lot of successful retail sales organizations. Do you personally know of anyone who receives a commission for making a sale of a product? Like a car salesman? Or in the wholesale industry. I worked for a couple of wholesale food distributors whose sales personnel earned commission for making food sales to restaurants.
And generally speaking, people buy stuff from other people they trust. Or from companies they trust, or like. Getting some sort of relationship with your potential customers is the best way to get long term commitments to join your team or buy from your store.
Now, if one of your advertising strategies is to buy a lot of PSA's, or advertise heavily to get lots of signups, you will have to understand that most of those people are just lookers….not buyers…..yet.
But, you now are building a list of potential customers that you didn't have before. Now is the chance for you to start building a relationship with them through your weekly emails. Talk about your experiences in SFI/TripleClicks, and (hopefully) how excited you are about this business.
The SFI mail program is probably the most important tool in your business building efforts, because without it, how do you communicate with your potential customers?
I know some people just won't get it and never respond, but the point is you have that opportunity, so you can't ignore it. You never know when someone will decide now is the time to take you up on your offers.
And to be able to build up a trusting relationship with them, I would focus on how your progress is, and that you are available to help them at any time. Try to let them understand that you are not trying to get them to spend any money, but that you offering to help them earn money for themselves.
It won't happen overnight, but consistency is the key. So many people get discouraged so quickly, and give up. The true winners just keep on offering their help to whoever wants it.
What's your goal? Be a winner I hope.
From Scott L.
Wednesday, June 7, 2017
What's the (Versa) point?
When you signed up with SFI, this is probably one of the first pages you saw:
https://www.sfimg.com/gs2
It's mostly about Versa Points, and why they are important. Versa Points are used to determine your rank each month in SFI. Every month you start at 0 VP, and then you have to do things to earn VP throughout the month.
It really is that simple. Earn Versa Points to improve your rank and increase your income. Unfortunately, this is where it gets confusing for a lot of new people. There are a lot of different ways to earn Versa Points!
And how many Versa Points does any affiliate need to start producing an income? 1500 VP!
Since SFI owns the program and provides all the tools, they get to make the rules. Which is only fair.
Everyone, and I mean EVERYONE, starts off each calendar month as an Affiliate. Take a look at your Scoreboard tab on your homepage, and it will tell you what your current rank is at the moment, based on the number of Versa Points you have earned so far in the month.
Because we all start out as an Affiliate, our first goal should be to reach Executive Affiliate (EA). There are several different ways to do this. And guess what: SFI has a guide for that!
https://www.sfimg.com/EA1010
1500 Versa Points is your first goal in any month to improve your rank and increase your earnings. And the guide above will provide you with details on whats steps you can take to earn those points.
Another thing that gets confusing for new affiliates is that there are 2 kinds of Versa Points. Action (AVP) and Sales (SVP). I mean, really, shouldn't a Versa Point just be a Versa Point?
Again, because SFI owns the program, they get to make the rules. And they have determined that in order to reach the higher rankings of a Team Leader, we all need a combination of Action Versa Points and Sales Versa Points.
Your To Do List and Versa Point Ledger will indicate what type of points you have earned or can earn, and your Scoreboard tab will tell you how many of each you need to reach the next level or rank.
Once affiliates start to understand the importance of Versa Points, what we then start to see is that a lot of them want to know why you can't earn a lot more AVP just by clicking a few things here, playing a few games for free there…and so on.
And that is where the biggest frustrations come in for most affiliates who have inactive people in their downline. Because most people don't want to sell. Someone else should do the selling….they just want to do the clicking to earn points.
So, the bottom line is that the whole point is to sell products. Not only do we earn Versa Points, but we earn commissions as well. And we earn commissions not only for ourselves, but for the profit sharing pool as well.
And the money that is paid out from the profit sharing pool is based on the number of Versa Points we earn in a month.
SFI can be a very complicated program for new affiliates because it is so huge. There are many different areas that anyone can become involved in, but in the beginning, we have to try and keep it simple for them by explaining it really is about selling products, which will earn us Versa Points & commission, and if we choose, teaching other people to do the same.
From Scott L.
https://www.sfimg.com/gs2
It's mostly about Versa Points, and why they are important. Versa Points are used to determine your rank each month in SFI. Every month you start at 0 VP, and then you have to do things to earn VP throughout the month.
It really is that simple. Earn Versa Points to improve your rank and increase your income. Unfortunately, this is where it gets confusing for a lot of new people. There are a lot of different ways to earn Versa Points!
And how many Versa Points does any affiliate need to start producing an income? 1500 VP!
Since SFI owns the program and provides all the tools, they get to make the rules. Which is only fair.
Everyone, and I mean EVERYONE, starts off each calendar month as an Affiliate. Take a look at your Scoreboard tab on your homepage, and it will tell you what your current rank is at the moment, based on the number of Versa Points you have earned so far in the month.
Because we all start out as an Affiliate, our first goal should be to reach Executive Affiliate (EA). There are several different ways to do this. And guess what: SFI has a guide for that!
https://www.sfimg.com/EA1010
1500 Versa Points is your first goal in any month to improve your rank and increase your earnings. And the guide above will provide you with details on whats steps you can take to earn those points.
Another thing that gets confusing for new affiliates is that there are 2 kinds of Versa Points. Action (AVP) and Sales (SVP). I mean, really, shouldn't a Versa Point just be a Versa Point?
Again, because SFI owns the program, they get to make the rules. And they have determined that in order to reach the higher rankings of a Team Leader, we all need a combination of Action Versa Points and Sales Versa Points.
Your To Do List and Versa Point Ledger will indicate what type of points you have earned or can earn, and your Scoreboard tab will tell you how many of each you need to reach the next level or rank.
Once affiliates start to understand the importance of Versa Points, what we then start to see is that a lot of them want to know why you can't earn a lot more AVP just by clicking a few things here, playing a few games for free there…and so on.
And that is where the biggest frustrations come in for most affiliates who have inactive people in their downline. Because most people don't want to sell. Someone else should do the selling….they just want to do the clicking to earn points.
So, the bottom line is that the whole point is to sell products. Not only do we earn Versa Points, but we earn commissions as well. And we earn commissions not only for ourselves, but for the profit sharing pool as well.
And the money that is paid out from the profit sharing pool is based on the number of Versa Points we earn in a month.
SFI can be a very complicated program for new affiliates because it is so huge. There are many different areas that anyone can become involved in, but in the beginning, we have to try and keep it simple for them by explaining it really is about selling products, which will earn us Versa Points & commission, and if we choose, teaching other people to do the same.
From Scott L.
Understanding the Commission Volume
A lot of new affiliates may have questions about the commission volume in SFI, and exactly how it works. Here is a brief overview.
Every item in TripleClicks is assigned a commission volume (CV) by SFI. That is the amount of commission that is paid out to affiliates when a sale is made.
The CV for each item can be found by clicking on the SFI Affiliates tab on an individual item in TripleClicks.
Every item in TripleClicks is assigned a commission volume (CV) by SFI. That is the amount of commission that is paid out to affiliates when a sale is made.
The CV for each item can be found by clicking on the SFI Affiliates tab on an individual item in TripleClicks.
The example I have chosen is the 125 TCredits. The CV on this item is $17.66. Every time someone buys this product, SFI will pay out $17.66 in commissions.
$7.95 is paid to the sponsor of the person who bought the product (for example if your PSA or PRM made the purchase, you as their sponsor would make this commission)
$7.06 is allocated to the TripleClicks Executive Pool, or the commission sharing program that all affiliates who are EA2 or higher get to share in.
$2.65 is paid to the co-sponsor of the person who made the purchase (for example, if one of your CSA's made the purchase, you as their Co-sponsor would earn $2.65)
Understanding these concepts can go a long way in helping your new affiliates in teaching what they can earn in SFI.
By Scott L.What are you willing to sacrifice to build your SFI business?
I found this on the SFI forum.
What are you willing to sacrifice to build your SFI business?
1. Time?
You can never get it back, so you better invest it wisely. There never seems to be enough, so you better invest it wisely. How much time are you willing to spend with SFI to build your business? Some of it will be with SFI. Some of it will be advertising in different places.
How much time are you willing to commit to building your SFI business every day, and every week?
Whatever the number is in terms of hours per day, is entirely up to you. But whatever it is, will you be committed to doing it every single day?
Realize that the more time you spend building your SFI business will result in less time maintaining your SFI business once it becomes successful...that is, makes a profit. Once your business starts to make a profit, the amount of time you spend on the business is determined by the amount of profit you want to make.
So, do you want a successful SFI business? Then write down the number of hours you are committed to each day, and tape it to a bathroom mirror, next to the coffee pot, on the refrigerator, next to your computer/tablet/smart phone...anywhere you know you will be looking when you get up in the morning. Make it a daily affirmation if you have to.
2. Money?
Do you have any to spend on building a business? What do you spend money on now that you think you could otherwise spend on your business?
With SFI, you don't necessarily need money to build the business. You have products to sell on which you can earn commission, and you have free advertising methods available to you all over the place. BUT, you will then have to revert back to how much time you have to spend on this business. Because placing free advertisements takes a lot of time. In business, time is money.
The more money you might have available for let's say, advertising, is less time you have to spend doing it yourself.
How much money can you afford every month to spend on building your business? Take a look at all your finances, what you spend and where, and determine how much you can invest in your business. If you keep a budget, put it into your budget. If you don't have a budget, I suggest you start making one.
3. Pride?
If there is one thing that is common among all network marketing programs, mlm's, or most other home based business, it is this - you will probably be rejected over and over again. You will be rejected by people who say no right away.
You will be rejected by people who join you, and they do nothing. You will be rejected by people who join you, do well for a while, and then they quit.
And finally, you may be rejected by family and friends because online network marketing is just a scam.
Are you ready to sacrifice your pride? Until you start making a profit that is. Then your family and friends will think you are a marketing genius, and will want to know more.
But be careful, because when they want to know more, what they really want to do is make the same money as you without doing steps 1, 2, and 3. And then you'll be rejected all over again when they don't make a profit like you.
So, what are you willing to sacrifice to build your SFI business?
Scott
What are you willing to sacrifice to build your SFI business?
1. Time?
You can never get it back, so you better invest it wisely. There never seems to be enough, so you better invest it wisely. How much time are you willing to spend with SFI to build your business? Some of it will be with SFI. Some of it will be advertising in different places.
How much time are you willing to commit to building your SFI business every day, and every week?
Whatever the number is in terms of hours per day, is entirely up to you. But whatever it is, will you be committed to doing it every single day?
Realize that the more time you spend building your SFI business will result in less time maintaining your SFI business once it becomes successful...that is, makes a profit. Once your business starts to make a profit, the amount of time you spend on the business is determined by the amount of profit you want to make.
So, do you want a successful SFI business? Then write down the number of hours you are committed to each day, and tape it to a bathroom mirror, next to the coffee pot, on the refrigerator, next to your computer/tablet/smart phone...anywhere you know you will be looking when you get up in the morning. Make it a daily affirmation if you have to.
2. Money?
Do you have any to spend on building a business? What do you spend money on now that you think you could otherwise spend on your business?
With SFI, you don't necessarily need money to build the business. You have products to sell on which you can earn commission, and you have free advertising methods available to you all over the place. BUT, you will then have to revert back to how much time you have to spend on this business. Because placing free advertisements takes a lot of time. In business, time is money.
The more money you might have available for let's say, advertising, is less time you have to spend doing it yourself.
How much money can you afford every month to spend on building your business? Take a look at all your finances, what you spend and where, and determine how much you can invest in your business. If you keep a budget, put it into your budget. If you don't have a budget, I suggest you start making one.
3. Pride?
If there is one thing that is common among all network marketing programs, mlm's, or most other home based business, it is this - you will probably be rejected over and over again. You will be rejected by people who say no right away.
You will be rejected by people who join you, and they do nothing. You will be rejected by people who join you, do well for a while, and then they quit.
And finally, you may be rejected by family and friends because online network marketing is just a scam.
Are you ready to sacrifice your pride? Until you start making a profit that is. Then your family and friends will think you are a marketing genius, and will want to know more.
But be careful, because when they want to know more, what they really want to do is make the same money as you without doing steps 1, 2, and 3. And then you'll be rejected all over again when they don't make a profit like you.
So, what are you willing to sacrifice to build your SFI business?
Scott
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