How can I ensure that, when I retire, the SFI business I have spent years building continues to grow and provide income for my beneficiaries?

Sort answers:
7145 votes
Juanita Saet, Aff (Philippines) Top Author Forum Guru 8/24/2014 12:03 am
Affiliate since: 01/14/2014, Power Rank: 99999999 | Read Juanita's 94 other Ask SC answers
When you feel that you can not manage your SFI business anymore due to old age or sickness, train one of your trusted beneficiaries on how to do the SFI business.

Teach this person how to be the best affiliate like you and ask his commitment that he would continue what you have started.

But I guess the best it for you to start it with yourself.....Begin doing this by building a big team of active affiliates to assure you of the residual income
7133 votes
, () Top Author Forum Guru 8/21/2014 3:05 pm
Affiliate since: 12/31/1969, Power Rank: 99999999
The way to insure your business thrives when you retire is to set an example for your new people.

After the first two months,they need to advertise for both Tripleclicks and SFI. Be sure and send your weekly notes with tips for earning.

I even look down 5 levels to see who needs help.

Doing the To Do List each day,placing ads,reading should be an on-going thing with you just as if you owned a physical store.

Your beneficiaries should be signed
...more
7132 votes
Gliceria Pritchard, Aff (Australia) Top Author Forum Guru 8/22/2014 7:55 am
Affiliate since: 11/29/2011, Power Rank: 83 | Read Gliceria's 402 other Ask SC answers
I don't know the answer to your question, so may I quote Section 39 of the SFI Affiliate Agreement:

"39. Transferability of SFI Affiliateship: In the event of an Affiliate's death, SFI will keep sending commissions in the method that's been selected on the affiliate's account. For example, if the affiliate had chosen to have his or her commission mailed by check, the affiliate's surviving spouse or other representative must ensure they have the legal right to cash a check made out
...more
7121 votes
, () Top Author Forum Guru 8/24/2014 7:07 am
Affiliate since: 12/31/1969, Power Rank: 99999999

Before you have anything to pass on, you must become a PTL with at least two or three PTL's who have 2 or 3 PTL's each. When you have this kind of structure your income will be ensured. Then all you need to do is designate where the income will go.

You could then set up a business structure that is incorporated or an LLC. this gives you structure so that those who you are interested in inheriting something from the business will have a role in the business, helping to ensure that
...more
7093 votes
Paul Huijs, Aff (Netherlands) Top Author Forum Guru 8/21/2014 2:36 pm
Affiliate since: 07/13/2014, Power Rank: 99999999 | Read Paul's 84 other Ask SC answers
Hi Edna,..

My guess would be by keep the SO and to make sure you have a working and expanding team.

When you have working PSA's in your genealogy your team will continue to expand.
If you have a standing order and your team is producing EA2's and teamleaders you should be able to keep a TL status just by having the SO points and the points you get from your team members.

But even after retirement you can still log in every day just for the daily AVP's.
Nowadays
...more
7061 votes
Johnny Tan, Aff (Singapore) Top Author Forum Guru 8/26/2014 12:57 am
Affiliate since: 11/08/2012, Power Rank: 326 | Read Johnny's 264 other Ask SC answers
Well I guess i would be doing more of the following to take steps to ensure and mentor and groom my wife and partner to ensure that the recurring and growing income build over the years at SFI remains fruitful and bountiful :

Have a system in place to promote , advertise, market and sponsor affiliates and PRMS to proper coaching , training and mentoring in addition to what is offered by SFI to encourage and lead ,guide and motivate your downline to do likewise to keep sponsoring and
...more
7056 votes
Mohammed Yusuf, Aff (Nigeria) Top Author Forum Guru 8/24/2014 10:40 am
Affiliate since: 06/05/2014, Power Rank: 99999999 | Read Mohammed's 2 other Ask SC answers
The SFI business is a contact marketing business that thrives only when your capacity to contact, persuade and recruit others as your partners, increases.
For you therefore to ensure it continues long after you have passed on or left the business, you need to involve your successors. Make them your downlines and members of your team, mentor them and guide them to build the business along with you.
Once you achieve that you kill two birds with one stone:
1. You make your business more
...more
7029 votes
Nafisa Patwa, Aff (Kenya) Top Author Forum Guru 8/25/2014 8:33 am
Affiliate since: 07/05/2024, Power Rank: 99999999 | Read Nafisa's 286 other Ask SC answers
This is very simple.

When we join SFI, the culture of earning residual income is impressed upon us and that the work you do now, today, will earn you income in years to come.

The foundation of your SFI income is built upon a strong team of affiliates that you will mentor, lead and guide them to build their own team - this is the basis of duplication. When you have achieved this through team building year in year out without giving up, you are ensured of income that continues
...more
7029 votes
King Isaac Excel, Aff (Malaysia) Top Author Forum Guru 8/21/2014 4:14 pm
Affiliate since: 07/17/2014, Power Rank: 99999999 | Read King Isaac's 22 other Ask SC answers
Hi,

For any Venture there is always room for continuity. It all depends on the mindset of the business owner or business person to set the target.

If your intention is to utilize SFI after retirement, then you should have some great plans put in place now. Check for active and focus affiliates under you and empower them. Tell them all you did to get up there so they`ll be motivated. Show results of your time in SFI and achievements.

Get the team doing more sales
...more
7018 votes
VIJAI SRIVASTAVA, Aff (India) Top Author Forum Guru 8/27/2014 9:55 am
Affiliate since: 06/12/2014, Power Rank: 99999999 | Read VIJAI's 3 other Ask SC answers
Hi, Mr Jalna,
I appreciate this question , This is very encouraging to extend your business to your beneficiaries.
Truely speaking when you say retire means you are willing to give up . So In my perception I consider a person is retired only, when he becomes inactive.
In SFI There is no question of retire unless you become inactive, So before you become in active You have lot of scope in SFI to give it to your beneficiaries. Here are some tips like
You Can develope your
...more
HOME
HOT SPOTS
TOOLS
TRAINING
EARN
WIN
HELP
MORE
ZING
MY COUNTRY
MY ACCOUNT
Upgrade