Articles

Financial Literacy is your key to success

by Sam Tayeh
Business Model

Before starting any business enterprise, it is vital that the entrepreneur understands the overall long term potential and viability of the structure of business model of the business they are looking to commit to.

There are countless home business opportunities to chose from, as a result it's no wonder that what a business looks like on the surface often clouds the thinking of a prospective business owner.

As your wealth coach I believe that there are three main reasons that separate a lucrative business model from one that fails to deliver (make you money). Discover why and judge for yourself why we consider our business model to be superior to most all others.

You may not be aware that 90% of people starting up a home based business, make little money for all their start up cost and effort.

MY friend Shayne, made a big impact to many of us by helping us to better understand the leverage power of our business model. (He generated over a $100K in the month of July after only 8 months in the business).

Shayne went on to explain that over 95% of people who start a home based business fail to realise their financial and lifestyle ambitions for 3 reasons.

By understand these 3 reasons a potential business owner can avoid this mistake when searching for the “right” business.

The 1st reason is that people fall in ‘love’ with the product without understanding the compensation plan and the business model.

It's a fact that 98% of home based business opportunities only realise a profit margin of between $15 - $100 per sale.

Whereas our business gives you a profit margin ranging from $1000 to $10,000 with an average sale of $4,500 for each transaction.

So let us ask you this; if you make $100 per sale on average, and we make $4,500, how many sales would you need to make to get the same income as we do? (45 sales).

It’s key to understand this point. It’s not a business that we are looking for, what we are really searching for is lifestyle, that allows us to fully enjoy our life and provides us with sufficient income to make such a life possible.

2nd It’s important to realise that the cost involved in promoting a business costs us the same, whether we make $100 per sale or $4,500 per sale. If we make $4,500 per transaction, we can afford to pay $100 per day to promote our business.

If we made $100, it’s more than likely that we would only spend $10-$20 of that $100 dollar sale. This means non acceptable financial returns and slower business growth.

3rd reason; and the most important of all, is in the the value of our products. They are the foundation of our business model. Our Phase 1 product, the Passport to Prosperity, Home Study course and our Phase 2 & 3 products, live Conference events, provide individuals with the knowledge and skills to forever eliminate a lack of money in their lives.

In the opinion of many, the world's two greatest threats are global warming and the AIDS virus, and yet there is a third, barely recognised catastrophe it's called Financial Illiteracy, yet so few people understand the magnitude of this threat .... and that's the business we are in, - empowering people with the information and tools to change their financial futures.


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About Sam Tayeh Advanced     

110 connections, 4 recommendations, 183 honor points.
Joined APSense since, June 17th, 2007, From Melbourne, Australia.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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