Network marketing has grown to become a global phenomenon that has people from every corner of the world participating in it. The best part about being an affiliate is that, the person referred by you might be located in some country or region that you might not have even heard of in your life. But you will still get paid for it. You can sit at home the whole day, you can take month long vacations or you can even take time off from your own home website business. Whatever choice you may make, you can still earn online residual income through affiliate marketing.
In the Personnel Expense Budget Section include the salaries for the following: o Office Personnel o Store Personnel o Sales People o Other personnel necessary in the operations. Ideally, you budget expenses for a quarter in the personnel expense budget. This is for the first three months of operations where you are not expecting profits to come in as yet. You may have receivables during the first few months of operations but they may need to be earmarked for other operating expenses and thus your budget needs to be sufficient for the first quarter. Even if you are budgeting for the year and is already in full operations budgeting for three months is still a good rule of thumb. If you are already comfortable with your budgeting and timing of receivables, only then can you budget two months for personnel expense budget.