1st of all the fuel pump runs on both a timer and a line pressure sensor so it is quite normal to turn the key on and off for several cycles to get fuel to the carbs if they are empty. When the carbs are full the pump will barely run but a click or two.
2nd Check your screen to see what is displayed when the red light is on or flashing it could simply mean your getting low on fuel or your side stand is down while in gear. In the case of fuel level the light will flash when getting low. slow at 1st than faster as it gets lower and finally solid when your very low.