Discover How To Build A Successful Home Business With PartyLite
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PartyLite Home Business - Three Steps To Building A Profitable
PartyLite Home Business
To run a PartyLite home business with success, you need a business plan. It is one thing to do this as a hobby, and enjoy any extra income; you don't need a plan for that. But if you do this to make an income, a sound business plan is a must. Here are the three key steps in your plan
1. Plan For Profit
As a business owner, you carry all of the financial risk; so you need to have your own plan for making money. The PartyLite compensation plan tells you how much commission you can expect to make: 25% on your personal home show sales, plus 7% bonus for sales above $2,000 per month. At that sales volume, you will be making $640 in commissions and bonus. $500 is the minimum to stay "active" and make any commissions. That volume will give you $125 in monthly commissions.
Make an estimate of your cost to set up home shows, include cash and a reasonable hourly rate for your time. Your time is mostly on contacting leads for hosts and guests, working with your host, setting up and follow-up. With 10 hours per show, you are looking at $100 to $150 equivalent of expenses.
2. Start By Marketing The Products
When you start out, your main source of income is made of commissions from your personal sales. The key to your success is to find leads, to give great parties and to follow up. To have a steady supply of guests every month, you need to go beyond your warm market, and reach out locally and even regionally.
Find out, from testimonials and other consultants, what kind of people are likely to attend, what their needs and desires are. Don't prejudge, this is called market research, and you need to get a good picture of who your target audience is.
When you have a good understanding of your audience, their interests and needs, begin to contact promising groups of consumers by phone. Check how well your sales are going, and adjust your choice of leads.
3. Train New Consultants
Once you are making profits with your own retail business, you are ready to recruit new Consultants, and train them to use the business tools that you have developed.
Find out how to apply these powerful business building strategies to your PartyLite business.Click here now for your free "New MLM Marketing Report" and MLM training videos.
To Your Success
Dr.
Kai Drühl
