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5 Ways eCommerce Merchants Can Increase Authorization Success Rates

To make more sales, it is imperative for eCommerce merchants to improve authorization success rates and reduce transaction declines. The eas...

Sunday, January 22, 2017

How to Transform Affiliates to Great Business Owners



Transform, Affiliates, Business Owners,

Affiliates with employee mentality always want to get paid before rendering a service whereas those with business owner mentality always want to add value or render a service first before any rewards. With this distinction, it is easy to work on affiliates to turn around their mind sets. In that quest, here is what best you can do.

1. Talk them into accepting delayed gratification as against instant gratification.
2. Get them to work to render a service first to get rewarded later.
3. Show them the benefits of being their own bosses.
4. Let them see why it is better to be employers instead of employees.
5. Let them know that as business owners they have no fear of being fired.
6. Let them know that employees are a dime-a-dozen while employers are fewer and in a select club.
7. Let them know that employees have fixed remunerations whereas business owners have unlimited earnings.
8. Let them know that employees make money only when they work whereas a business owner earns residual income.
9. Tell them that an employee is only an asset in the system while the business owner owns the system.
10. Let them know that a business owner earns from his/her investments while an employee earns only by selling his/her labor.
11. Tell them that business ownership confers unlimited power whereas employees have very limited power.
12. Let them know that employers give Instructions/Directives whereas employees take Instructions/Directives.
13. Show them how employers lead while employees follow.
14. Show them the advantages of working to earn as against earning to work.

For these and many other reasons too numerous to mention here, your affiliates can easily see that it is best for them to see their SFI business like a business and to treat it as such. That is the best way for them only if they but knew.

Best wishes.

Potent Methods for Winning Auctions in SFI



Potent Methods, Winning Auctions, SFI,

Many affiliates use manual bidding as well auto-bidding in their PriceBender’s auction bids for varied reasons. Some of these reasons do not really have anything to do with actually winning the auctions. Some bidders use them separately while others use them in combination. What probably determines which is better depends on what the bidder wants to achieve and what strategy he/she has in place. They both have their own strong points and weak points so everything depends on what the bidders are after. To determine which is better, it is best to take into account these strong points and weak points to arrive at that decision.


 

MANUAL BIDDING
Strong Points:
- More intelligent bidding.
- Tactful bidding.
- More and better control over your bids.
- Better implementation of your strategy.
- Better timing of your bids.
- Better control over the use of your TCredits.

Weak Points:
- Too much time consuming.
- Too much energy sapping.
- Bidding fatigue sets in faster.

AUTO-BIDDING
Strong Points:
- Saves time.
- Saves energy.
- More resilient bidding.

Weak Points:
- Excessive use of TCredits.
- Less control over bidding strategy.
- Poor timing of your bids.
- Lack of bidding intelligence.
- Tactless bidding.

 


 Like everything with automation, the level of human intelligence input is minimal so there is a tendency to misread the intentions of your fellow bidders and even to miss the trend at times. While bidding to win, the intention is to outwit and to outbid your fellow bidders and that requires some level of intelligence in your bids. That intelligence is something manual bidding can always fall back on as the bidding progresses. That alone makes manual bidding a better strategy to win these auctions instead of auto-bidding. If you have sufficient time and energy to spend on bids, I personally will recommend manual bidding over auto-bidding in auctions like PriceBenders taking into consideration the strong and weak points of both as highlighted above.