Are you in a Real Business?
As a Real Business owner I read news about my industry.
Today there was a Headline that said, “E-Commerce Businesses Report Seven Years of Operating Losses“
This is an Article from Thailand and is in reference to three companies.. Lazada, Shopee, and JD Central. All three are online companies they are real companies. Just look at their revenue:
Lazada – 51 Billion Thai Baht (USD $1.5 Billion)
Shopee – 21 Billion Thai Baht (USD $604 Million)
and JD Central – 12 Billion Thai Baht (USD $345 Million)
Would you keep at it after 7 years of losses?
Losses is a bad word, lets use expenditures. For all three, their Expenditures exceeded their Revenue by a combined 38.5 Billion Baht (USD $1.1 Billion). Would you do that?
These are successful and very Real Businesses.
A quote from the article: “To run an e-commerce business, companies must have a large capital reserve and be patient, as this is a long-term and intense competition” — © Copyright NNT 2022-06-09
The data showed that the number one expenditure for all three companies was “spending money to gain users.” Their greatest investment is in building their list. Is that your greatest investment of your time and money?
I have been in SFI since 2012. And I have had no losses these past 7 years. I did lose money (my expenditures exceeded my revenue) for 9 months, but since then I have made profits every month. I still have expenditures, but my revenue exceeds those expenditures.
This is Real Business. Real Work, investment of time and money. But Real Profits.
If it takes no work, it makes no money. This article is Reality. You think you’ll just get rich quick? That is not reality, it is not “your dream”, it is a fantasy. You need to work. The number one place to invest your time and money is to Build Your List.
Build Your List – Build Rapport – Build a Real Income