As a business owner, at least here in the United States, Ben Franklin reminds us that there is at least one certainty in life: taxes. As a direct seller, you may have opted to build a small "side gig" to earn a little extra operating funds for trips, to give your family a little "more" or just to fund your shoe shopping habit.
Ultimately, though, if you're producing revenue, you've got a business, and Uncle Sam wants his due. Even if you're not profiting from your direct sales business, there may be some taxable situations that will effect you.
Mind you, I'm not a tax professional, but my friend, Scott Lovingood is, and he shared some great tips on his call for the Small Biz Super Summit this Spring. While the deadline for filing your taxes for 2010 may have passed, now is a great time to consider ways to get your finances in tip top shape this year.
1. Keep good records. Even if you put all your receipts in a shoe box, at the end of the year, you're going to need to refer to them to prepare your taxes. The better records you keep, the easier it is to complete your taxes and defend yourself should an audit occur. One particular area that Direct Sales Pros tend to overlook is mileage. Keep a mileage log so that you can track all the miles you drive to and from your shows. It adds up over the course of a year, but if you don't keep track, you can't claim the deduction! At 50 cents a mile, every two miles you drive is a dollar back in your pocket come tax time!
2. Be aware of special deductions. Certain entities (like an LLC, for example) can alter your taxable benefits. Home based businesses have special deductions. Knowing this can save you thousands on your taxes.
3. Tax rules change all the time. One of the first tasks to outsource may very well be your bookkeeping. Tax pros spend all day every day staying on top of the tax code changes. They can take that responsibility off your plate so you can focus on making money.
4. Run your business as if the IRS were going to audit you at any time. Chances for an audit are small, if you fall within the "norms" the IRS uses to evaluate businesses. However, a business can be randomly selected for an audit at any time. If you're running a real business, keeping business and personal expenses separate is just one way to help the IRS see your business as a going concern. Setting up a business account, having a business phone (that's only used for business) are not only potential deductions, they help the IRS to see that you're serious about growing a real business, not just having an expensive hobby. Hobby income must be reported, but hobby expenses are NOT deductible.
5. Close your books at least quarterly, if not monthly. By balancing your books each month, you have a better look at cash flow projections, income and expenses BEFORE the end of the year. If you have a major influx of income, you might even be required to pay quarterly taxes. If you are not balancing your books each month, you should at least balance them every quarter (most businesses do). You may avoid some of the tax penalties that can occur if you don't pay those taxes on time.
Running a business from home means a lot of potential tax savings - trips to fun locations for your national conference could become deductible on your taxes at year end - but only if you're running a business and keeping good records (other rules may also apply). It is up to you as the business owner to keep track of everything. Start now (if you haven't already) to see success the next time your taxes are due. When in doubt, consult a tax professional to help you get the most out of the tax benefits a home business provides.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine athttp://www.homepartysolution.com/
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Home Party Solution will self-destruct in...
I've been hinting at this for a while. I want to need to blow up my website.
It's gotten so cumbersome, difficult to navigate, and frankly, it's not performing like it used to. There are too many buttons, too many ways to get lost, and too many processes we still need to handle manually.
I'm trying to streamline my life and my business, and I want it to be easy for Bonnie (my super duper assistant) to navigate everything we own.
So, we're blowing it up. Shortly.
We've already pulled Home Party Solution off the shelves (I think we've got 3 copies left), to prepare for the re-launch. Pretty soon everything else will be yanked, too. Direct Sales Jump Start will be going buh-bye, and my social media training (Twitter Secrets for Direct Sellers) will be completely re-vamped, too.
Which means, for a short period of time, the only programs I'll have running are my coaching, any speaking gigs I've scheduled, and my Marketing Mentor Program - which won't be accepting any new members.
So essentially, I'm cutting off my income so I can better serve you.
That almost doesn't make sense, does it?
If you don't know by now, I coached with @elizabethpw last year, during a time when she was going through some major transition. More than the things she coached me on, I was able to see what SHE was going through, and learn vicariously.
Elizabeth just remodeled her website. I was jealous. I've been plotting a revamp for a while, "and now it looks like I'm totally being a follower" (I say in my best Valley-girl voice).
Again, though, I can learn from Elizabeth. Her post outlines strategic choices she made to be sure she's actually getting paid for the work she's doing.
I've been reflecting on that. Some of what I was trying to accomplish has not worked the way I planned. I've been remiss in tracking because I've been too busy launching. But without tracking, I can't see what's working. Ack.
I've got html pages with outdated info that we crafted eons ago that I can't even figure out how to find, let alone edit. And people are still going there. Double Ack.
I've got about 30 domains. I actually manage about 7 of them. The rest are all ideas that haven't transpired yet - or are being re-directed elsewhere. Triple Ack.
I've got ownership of something like 6 blogs. I only frequent 2 of them. Ack-tastic.
So we're consolidating. Refining. Making something more effective. For you AND me AND my team.
But this stuff takes time.
The GOOD news is that we've already launched The Renaissance Mom, and that site is working fabulously. Going forward, there will be two major sites, The Renaissance Mom, and my site for all my direct sales-specific content. Yes, this blog will probably move. We're still figuring that out.
I've learned something else, too. But that's a post for my other blog.
At any rate, the newsletter will keep going out, there still be this blog (at least during the transition), but the rest is, as they say, history.
And the "new and improved", I think, is going to revolutionize direct sales training and coaching.
More on that in another post.
Sometimes, you have to shut down the whole store to do a full remodel. And this remodel will be like nothing you've ever seen before. I'm so excited to share it, and it's been a long time in the making.
I just hope it's not a long time in the presenting. A girl's gotta feed the kids!
It's gotten so cumbersome, difficult to navigate, and frankly, it's not performing like it used to. There are too many buttons, too many ways to get lost, and too many processes we still need to handle manually.
I'm trying to streamline my life and my business, and I want it to be easy for Bonnie (my super duper assistant) to navigate everything we own.
So, we're blowing it up. Shortly.
We've already pulled Home Party Solution off the shelves (I think we've got 3 copies left), to prepare for the re-launch. Pretty soon everything else will be yanked, too. Direct Sales Jump Start will be going buh-bye, and my social media training (Twitter Secrets for Direct Sellers) will be completely re-vamped, too.
Which means, for a short period of time, the only programs I'll have running are my coaching, any speaking gigs I've scheduled, and my Marketing Mentor Program - which won't be accepting any new members.
So essentially, I'm cutting off my income so I can better serve you.
That almost doesn't make sense, does it?
If you don't know by now, I coached with @elizabethpw last year, during a time when she was going through some major transition. More than the things she coached me on, I was able to see what SHE was going through, and learn vicariously.
Elizabeth just remodeled her website. I was jealous. I've been plotting a revamp for a while, "and now it looks like I'm totally being a follower" (I say in my best Valley-girl voice).
Again, though, I can learn from Elizabeth. Her post outlines strategic choices she made to be sure she's actually getting paid for the work she's doing.
I've been reflecting on that. Some of what I was trying to accomplish has not worked the way I planned. I've been remiss in tracking because I've been too busy launching. But without tracking, I can't see what's working. Ack.
I've got html pages with outdated info that we crafted eons ago that I can't even figure out how to find, let alone edit. And people are still going there. Double Ack.
I've got about 30 domains. I actually manage about 7 of them. The rest are all ideas that haven't transpired yet - or are being re-directed elsewhere. Triple Ack.
I've got ownership of something like 6 blogs. I only frequent 2 of them. Ack-tastic.
So we're consolidating. Refining. Making something more effective. For you AND me AND my team.
But this stuff takes time.
The GOOD news is that we've already launched The Renaissance Mom, and that site is working fabulously. Going forward, there will be two major sites, The Renaissance Mom, and my site for all my direct sales-specific content. Yes, this blog will probably move. We're still figuring that out.
I've learned something else, too. But that's a post for my other blog.
At any rate, the newsletter will keep going out, there still be this blog (at least during the transition), but the rest is, as they say, history.
And the "new and improved", I think, is going to revolutionize direct sales training and coaching.
More on that in another post.
Sometimes, you have to shut down the whole store to do a full remodel. And this remodel will be like nothing you've ever seen before. I'm so excited to share it, and it's been a long time in the making.
I just hope it's not a long time in the presenting. A girl's gotta feed the kids!
Direct Sales Success: Resurrect Your Biz This Spring
I know it sounds like a bad Easter joke (and it probably is), but has your direct sales business been languishing this year?
After a busy holiday season, many consultants often go on hiatus, letting their business suffer in the interim, until the snow melts, the roads dry up, and the grass is green again. If you're one who schleps product from home to car and back, that can be a good reason to slow down. No one likes hauling stuff in the snow, but when business slows down, so does your income.
Few people leave direct sales because of a full calendar. The number one reason I hear is because they can't find bookings, can't close the sales - in short, there's nothing on their calendar!
So as we enter the second quarter of the year, take a moment to examine your goals. With the year 25% of the way behind us, are you 25% of the way towards your goals? For the average consultant (if they even have goals), the answer is not quite. And most of that is due to the fact that they let their business "slip" during the first few months of the year.
Well, now's the time to get crackin' and breathe some life back into your business.
Last week at our Small Biz Super Summit, Lisa Sasevich revealed a great technique to close more business without being salesy or pushy. Lisa is the author of "The Invisible Close" and she gave some great tips about using irresistible offers to encourage your audience to make a decision sooner, rather than later. Just yesterday, Daphne Bousquet shared with us the best strategies to make more money by hosting your own events. Here are just a few ideas you can implement to resurrect your business this spring:
Breathing life into your business can be as simple as a few tweaks to what you're already doing, or completely revitalizing the art of doing business. Either way, a resurrection will give you the forward momentum you need to have a powerhouse Summer. And as we roll into conference season, it's even more important to be hitting those goals!
You can do it!
Direct Sales 101 will be re-opening soon. Look for more information in upcoming issues of "PartyOn!".
After a busy holiday season, many consultants often go on hiatus, letting their business suffer in the interim, until the snow melts, the roads dry up, and the grass is green again. If you're one who schleps product from home to car and back, that can be a good reason to slow down. No one likes hauling stuff in the snow, but when business slows down, so does your income.
Few people leave direct sales because of a full calendar. The number one reason I hear is because they can't find bookings, can't close the sales - in short, there's nothing on their calendar!
So as we enter the second quarter of the year, take a moment to examine your goals. With the year 25% of the way behind us, are you 25% of the way towards your goals? For the average consultant (if they even have goals), the answer is not quite. And most of that is due to the fact that they let their business "slip" during the first few months of the year.
Well, now's the time to get crackin' and breathe some life back into your business.
Last week at our Small Biz Super Summit, Lisa Sasevich revealed a great technique to close more business without being salesy or pushy. Lisa is the author of "The Invisible Close" and she gave some great tips about using irresistible offers to encourage your audience to make a decision sooner, rather than later. Just yesterday, Daphne Bousquet shared with us the best strategies to make more money by hosting your own events. Here are just a few ideas you can implement to resurrect your business this spring:
- Make a time-sensitive offer. Most of our companies provide us with a monthly special. That gives your hosts and guests all month to make up their mind. Give them something special for taking action on the day of the show.
- Close the party AT the party. If you hostess coach in advance, you can remind your host that you are closing the show the night of the party. Make sure she has her catalogs, samples, and outside order forms well in advance so that she can get them out and get them back to you the night of her show.
- Host your own event. In your own home, or rent a small conference room. Be your own host. If you're using social media, make it a more informal "tweetup" kind of an event so that more people will come, try your products, etc. Then have a time-sensitive offer for people that book, buy or set up a recruiting appointment with you that night.
Time sensitive offers are just one great strategy to increase sales, bookings and recruit leads. Your company can't possibly offer a new special every day - but you can. It requires a bit of planning and forethought, but if you're running a real business, you need to be planning ahead anyway.
Breathing life into your business can be as simple as a few tweaks to what you're already doing, or completely revitalizing the art of doing business. Either way, a resurrection will give you the forward momentum you need to have a powerhouse Summer. And as we roll into conference season, it's even more important to be hitting those goals!
You can do it!
==========
"Time-sensitive offer" is just one of the strategies I taught in my last Direct Sales 101 class, and here's what one of our first graduates had to say:
Well, I promoted to Team Leader, went from $300 in sales in January to $2700 in sales in February and $2000 in sales in March, and have 9 new shows on my calendar. I want to take the early graduation discount :>
You are, by far, the best direct sales/life coach I have ever had (and I have had quite a few!). You have helped me to cut through my fear, my husband is now on board with my "hobby" business (as he called it!) and wants me to go full throttle, and I have been able to do things for my family that I haven't in the past.... I can't wait to see what you have in store for the rest of the year.
Also, looking forward to the Small Biz Super Summit - what a lineup!
Lara Hall
Independent Passion Parties Consultant
www.LaraBHall.com
Direct Sales Mentoring: The Super Summit Shortens Your Learning Curve
Last year, I had a wild idea as I sat in my dining room on a Thursday night.
I fantasized about how cool it would be if someone would put together a teleseminar series for direct sellers who wanted to grow a real business, instead of an expensive hobby. There were a few live events targeted at leaders, and most companies have a national conference, but there was so much information regurgitation, that not much new was being shared in terms of what really works now.
And then I heard that voice.
"Why not you? Why not now?"
Oh, I got all kinds of internal resistance. 'But I don't know anyone. Who could I find to speak at this event?' And on and on.
I seriously didn't think I was qualified to do something like this. And several other more established direct sales trainers seemed to agree. I hit wall after wall trying to connect with some of the more well-known trainers in direct sales. They were either too busy, or unimpressed by what I was trying to accomplish.
They didn't understand online marketing, JV partnerships, or cross promoting to help one another. Frankly, their fear of competition prevented them from sharing this info with their own lists because they were afraid someone might steal their clients away.
But by Sunday night, I had secured 8 of the 15 speakers for my first event. I give a lot of the credit to twitter for that, because I was able to cut through the clutter and talk straight to several of the people I wanted to work with. In fact, I still do a lot of my connecting there.
And so it began. More than a thousand people participated in that first event. The response was so overwhelming that I was able to put together a second summit in the fall. In 2009, more than two thousand people registered for the summits.
It became clear to me that working with mentors from other business sectors was appealing not just to direct sales pros, but for all kinds of entrepreneurs and small business owners.
Why Work With Mentors?
Our third summit begins March 28, and the line-up is so powerful, that I know everyone that participates will walk away with at least one business building tool or strategy they can use right away to improve their business. That's the big reason I believe in mentoring so much. It helps you shorten your learning curve.
In direct sales especially, we can easily get stuck in a rut. We're learning from our up-line, or from other successful consultants and leaders within our company - and maybe from another direct sales coach or trainer. Often, though, the rut becomes 'incestuous'. We start copying each other, doing the same things, and not being as effective as we could be. Mentors break us out of those ruts, offering fresh perspectives, sometimes completely out of your original knowledge base.
Why Teleseminars?
The beauty of a teleseminar is that you don't even need to leave home, take off your slippers or comb your hair! It would cost a pretty penny to attend a live event that brings together a roster of experienced business professionals to speak at a 2 week event. The travel, day care and costs for room and board alone would prevent most direct sellers from participating. Plus, you'd be hard pressed to all these folks at the same event. It would just be too expensive! Teleseminars are truly the best of all worlds - expert advice that you can take action on right away, no travel required, and a minimal time investment to get on the call.
Mentors are experts in their given field. Mari Smith is an undisputed expert when it comes to Facebook Marketing. Lisa Sasevich is the champion of selling without being pushy - and you're not likely to see these folks at your national convention. The Super Summit gives you an opportunity to learn from the best minds in business for a very minimal investment. In fact, you can listen to all the live broadcasts for just $3.
We've got more than a dozen people sharing their genius at this summit - and they're not selling anything. You can take it all in, apply it to your business and go with a smile - for less than the cost of a kid's meal. Where else can you learn from so many mentors for such a small investment?
If you're serious about building a real business - not an expensive hobby - you'll want to develop a mindset of continually learning from mentors and experts that can help you grow your business successfully.
I fantasized about how cool it would be if someone would put together a teleseminar series for direct sellers who wanted to grow a real business, instead of an expensive hobby. There were a few live events targeted at leaders, and most companies have a national conference, but there was so much information regurgitation, that not much new was being shared in terms of what really works now.
And then I heard that voice.
"Why not you? Why not now?"
Oh, I got all kinds of internal resistance. 'But I don't know anyone. Who could I find to speak at this event?' And on and on.
I seriously didn't think I was qualified to do something like this. And several other more established direct sales trainers seemed to agree. I hit wall after wall trying to connect with some of the more well-known trainers in direct sales. They were either too busy, or unimpressed by what I was trying to accomplish.
They didn't understand online marketing, JV partnerships, or cross promoting to help one another. Frankly, their fear of competition prevented them from sharing this info with their own lists because they were afraid someone might steal their clients away.
But by Sunday night, I had secured 8 of the 15 speakers for my first event. I give a lot of the credit to twitter for that, because I was able to cut through the clutter and talk straight to several of the people I wanted to work with. In fact, I still do a lot of my connecting there.
And so it began. More than a thousand people participated in that first event. The response was so overwhelming that I was able to put together a second summit in the fall. In 2009, more than two thousand people registered for the summits.
It became clear to me that working with mentors from other business sectors was appealing not just to direct sales pros, but for all kinds of entrepreneurs and small business owners.
Why Work With Mentors?
Our third summit begins March 28, and the line-up is so powerful, that I know everyone that participates will walk away with at least one business building tool or strategy they can use right away to improve their business. That's the big reason I believe in mentoring so much. It helps you shorten your learning curve.
In direct sales especially, we can easily get stuck in a rut. We're learning from our up-line, or from other successful consultants and leaders within our company - and maybe from another direct sales coach or trainer. Often, though, the rut becomes 'incestuous'. We start copying each other, doing the same things, and not being as effective as we could be. Mentors break us out of those ruts, offering fresh perspectives, sometimes completely out of your original knowledge base.
Why Teleseminars?
The beauty of a teleseminar is that you don't even need to leave home, take off your slippers or comb your hair! It would cost a pretty penny to attend a live event that brings together a roster of experienced business professionals to speak at a 2 week event. The travel, day care and costs for room and board alone would prevent most direct sellers from participating. Plus, you'd be hard pressed to all these folks at the same event. It would just be too expensive! Teleseminars are truly the best of all worlds - expert advice that you can take action on right away, no travel required, and a minimal time investment to get on the call.
Mentors are experts in their given field. Mari Smith is an undisputed expert when it comes to Facebook Marketing. Lisa Sasevich is the champion of selling without being pushy - and you're not likely to see these folks at your national convention. The Super Summit gives you an opportunity to learn from the best minds in business for a very minimal investment. In fact, you can listen to all the live broadcasts for just $3.
We've got more than a dozen people sharing their genius at this summit - and they're not selling anything. You can take it all in, apply it to your business and go with a smile - for less than the cost of a kid's meal. Where else can you learn from so many mentors for such a small investment?
If you're serious about building a real business - not an expensive hobby - you'll want to develop a mindset of continually learning from mentors and experts that can help you grow your business successfully.
The Super Summit is coming!
I would be remiss if I didn't share this exciting news with my blog peeps. Each Spring and Fall, I host a telesummit with some of the most amazing minds in direct sales and business today. So here's my shameless plug for our Super Summit event.
This Spring, I think it's safe to say I've outdone myself. Here are just a few of the instructors scheduled to appear:
* Mari Smith - Facebook Marketing in an Hour a Day
* Paula Antonini - An Energized YOU
* Scott Lovingood - It's Your Money, Keep More of It
* Jimmy Vee & Travis Miller - Online Video to Grow Your Business in 9 Minutes a Day
* Lisa Sasevich - Boost Yoour Sales with the Invisible Close
* Jonathan Fields - The REAL Upside of Being an Entrepreneur
* Nicki Keohohou - The 6 Qualities of REAL Leadership
I've got people sharing info about books that haven't even been released yet - AND a ton more great stuff up my sleeve.
Now I can't reveal everything, but you'll definitely want to get pre-registered before March 28:
http://www.smallbizsupersummit.com/
In the past, we've called this the Direct Sales Super Summit, but we have so much valuable information for anyone looking to grow their business, we thought a name change would be appropriate. You'll be happy to note that we STILL have a track of content designed with direct sales pros in mind. That will not change.
We're hammering out the call schedule right now, but you'll want to be on as many of the live calls as you can - starting with the LIVE kickoff call on Sunday March 28 at 6pm ET.
If you can't make it, you'll have the option of purchasing the audios after you register. If you've been to any of our past events, you KNOW that this is the event of the year. I hope you'll join us!
This Spring, I think it's safe to say I've outdone myself. Here are just a few of the instructors scheduled to appear:
* Mari Smith - Facebook Marketing in an Hour a Day
* Paula Antonini - An Energized YOU
* Scott Lovingood - It's Your Money, Keep More of It
* Jimmy Vee & Travis Miller - Online Video to Grow Your Business in 9 Minutes a Day
* Lisa Sasevich - Boost Yoour Sales with the Invisible Close
* Jonathan Fields - The REAL Upside of Being an Entrepreneur
* Nicki Keohohou - The 6 Qualities of REAL Leadership
I've got people sharing info about books that haven't even been released yet - AND a ton more great stuff up my sleeve.
Now I can't reveal everything, but you'll definitely want to get pre-registered before March 28:
http://www.smallbizsupersummit.com/
In the past, we've called this the Direct Sales Super Summit, but we have so much valuable information for anyone looking to grow their business, we thought a name change would be appropriate. You'll be happy to note that we STILL have a track of content designed with direct sales pros in mind. That will not change.
We're hammering out the call schedule right now, but you'll want to be on as many of the live calls as you can - starting with the LIVE kickoff call on Sunday March 28 at 6pm ET.
If you can't make it, you'll have the option of purchasing the audios after you register. If you've been to any of our past events, you KNOW that this is the event of the year. I hope you'll join us!
Direct Sales Success: Quarterly Planning Made Easy
No, it's not glamorous, but an hour of your time now could net you some big gains before Summer hits.
It's time to start looking at your Q2 planning.
What? You mean you haven't ever DONE quarterly planning?
I hear you. Most direct sellers live two weeks from bankruptcy - meaning they're booking shows in so close, they haven't really thought much beyond the next 30 days of life in business.
It's time to make a change and get your numbers in order. We're going to lay out two quick ways to do "projections" for your quarterly planning.
First, gather your results from last year. If you're brand new, use your numbers from the first quarter. I realize we're still IN the first quarter, but bear with me here.
Look at what your numbers were for first quarter last year, compare them to first quarter this year. You'll see where you're up, down or about the same. Not sure what numbers to be looking at? Check out my previous post on knowing your averages.
Now look at quarter two from last year (that would be April-June, if you're not sure). Compare Q2 of 2009 to Q1 of 2009. Most direct sellers will see an increase in their numbers because the holiday 'slump' is over, new product catalogs are coming out, and people are more likely to book early spring parties in April and May than they are in February and March. But it's not important if the numbers are higher or lower -what's important is that you KNOW whether they were higher or lower.
This gives you an opportunity to look at your business and see where you can improve, as well as what to reasonably expect for the coming months. We only look at a quarter at a time because - well - life happens. ESPECIALLY as direct sellers that are learning to treat your business with more respect, we have to flex those business owner muscles and get used to looking at the numbers in our business in the first place.
Look at the goals you have for the next three months - show sales, recruits, team promotions, bookings, etc. If you have company incentives coming down the pike, how are you planning to achieve those incentives? What activities do you need to schedule into your business over the next 3 months to make sure you hit those goals?
Now, pull out your planning calendar - your personal one, as well as your business one. You want to look at what's already on the radar for the next three months, events, kid stuff, vacations, holidays, sales meetings, rallies, national conferences, leadership camps, incentive trips. Identify any potential items that could prevent you from holding the number of shows you'd like. Identify big expenses that might require you to do an extra show or two in the coming months to help generate additional income. Identify locations in which you'll find yourself that might make good 'recruiting recon' destinations.
By starting now - and it may take a good hour of your time to do it - you'll have a road map for the next three months of business. You'll easily know what nights you will work - as well as the nights you absolutely can't. You'll also have a good idea about how much income you can count on.
But the BEST part about planning is that if you pinpoint a potential gap (in income, recruiting, shows, etc), you'll have a few months to formulate ideas and ACT on them in order to fill the gap. Otherwise, you could end up staring down a blank calendar at the beginning of May, wondering what you're going to do to pay the bills for the month.
Quarterly planning doesn't sound all that sexy, but once you begin, it almost becomes a game. How many gaps can you fill before the end of the quarter? How much MORE money can you make this quarter? How many days off can you actually ENJOY for a change? Quarterly planning makes it possible to know all the answers to those questions - and then some.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
It's time to start looking at your Q2 planning.
What? You mean you haven't ever DONE quarterly planning?
I hear you. Most direct sellers live two weeks from bankruptcy - meaning they're booking shows in so close, they haven't really thought much beyond the next 30 days of life in business.
It's time to make a change and get your numbers in order. We're going to lay out two quick ways to do "projections" for your quarterly planning.
First, gather your results from last year. If you're brand new, use your numbers from the first quarter. I realize we're still IN the first quarter, but bear with me here.
Look at what your numbers were for first quarter last year, compare them to first quarter this year. You'll see where you're up, down or about the same. Not sure what numbers to be looking at? Check out my previous post on knowing your averages.
Now look at quarter two from last year (that would be April-June, if you're not sure). Compare Q2 of 2009 to Q1 of 2009. Most direct sellers will see an increase in their numbers because the holiday 'slump' is over, new product catalogs are coming out, and people are more likely to book early spring parties in April and May than they are in February and March. But it's not important if the numbers are higher or lower -what's important is that you KNOW whether they were higher or lower.
This gives you an opportunity to look at your business and see where you can improve, as well as what to reasonably expect for the coming months. We only look at a quarter at a time because - well - life happens. ESPECIALLY as direct sellers that are learning to treat your business with more respect, we have to flex those business owner muscles and get used to looking at the numbers in our business in the first place.
Look at the goals you have for the next three months - show sales, recruits, team promotions, bookings, etc. If you have company incentives coming down the pike, how are you planning to achieve those incentives? What activities do you need to schedule into your business over the next 3 months to make sure you hit those goals?
Now, pull out your planning calendar - your personal one, as well as your business one. You want to look at what's already on the radar for the next three months, events, kid stuff, vacations, holidays, sales meetings, rallies, national conferences, leadership camps, incentive trips. Identify any potential items that could prevent you from holding the number of shows you'd like. Identify big expenses that might require you to do an extra show or two in the coming months to help generate additional income. Identify locations in which you'll find yourself that might make good 'recruiting recon' destinations.
By starting now - and it may take a good hour of your time to do it - you'll have a road map for the next three months of business. You'll easily know what nights you will work - as well as the nights you absolutely can't. You'll also have a good idea about how much income you can count on.
But the BEST part about planning is that if you pinpoint a potential gap (in income, recruiting, shows, etc), you'll have a few months to formulate ideas and ACT on them in order to fill the gap. Otherwise, you could end up staring down a blank calendar at the beginning of May, wondering what you're going to do to pay the bills for the month.
Quarterly planning doesn't sound all that sexy, but once you begin, it almost becomes a game. How many gaps can you fill before the end of the quarter? How much MORE money can you make this quarter? How many days off can you actually ENJOY for a change? Quarterly planning makes it possible to know all the answers to those questions - and then some.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Direct Sales Success: Misconceptions of Leadership
Often, I'm approached by direct sellers that want to move into leadership, but feel they don't have the necessary knowledge, skills or abilities to be a leader.
Bull!
There are a couple of misconceptions about leadership that prevent many would-be leaders from stepping into this role and earning the income they so richly deserve:
1. "I don't know everything!"
If you're brand new, people expect that you don't know everything. The more important point, however, is whether you can find the answers people are looking for. Train your team to try to find answers on their own and come to you when they get stuck. You should never position yourself as the know-it-all in your group because it stifles the leadership qualities in others.
In fact, make a decision now to empower your team to share knowledge, resources and best practices freely with each other.
Warning: in order for this to work well, you must have open communication on your team and a willingness to help one another. A rising tide lifts all ships - but only if all the ships are in the water.
2. "I don't know how to be a leader!"
If you've ever been a teacher, parent, or boss, you have some idea of what makes a good leader: patience, understanding, tenacity and vision (coupled with the ability to see through other people's B.S.) are a great start. In truth, most direct sellers are natural leaders because of their entrepreneurial drive and desire to help others.
When in doubt, look to people you would classify as lousy leaders for examples of what not to do. Likewise, learn from some of the great leaders of our time by reading their books and biographies. Model what works in your business.
Both of these excuses are easily vanquished for the person who truly desires to step into leadership. Here is a short list of recommendations for anyone considering a leadership role (in Direct Sales or otherwise):
1. Connect - with other leaders in other companies as well as your own. Leaders need a network that is strong and diverse. Look for people in other fields besides direct sales, too. This will broaden your horizons as well as your ability to relate to others.
2. Don't wait for permission - from your upline, your family, your friends - or even yourself. Great leaders step into their role with authority - and very often learn as they go. In fact, when you stop learning, you stop leading. Which brings us to...
3. Learn all you can - about your company, your products, your team and most importantly, yourself. This isn't an ego trip. If you really want to become knowledgable, you need to take time to learn new things. Then, SHARE what you've learned to help your team make fast progress.
4. Ask for help - from your leaders, a coach, a mentor - anyone that can shorten the learning curve and bring you to your goal faster. Be aware that any good help requires SOME kind of investment: time, energy, money, focus. You will only get out of it, what you put into it.
5. Relax. You're going to make mistakes along the way - the best leaders always do. Taking risks implies a certain amount of failure at some point. Leadership requires both a sense of humor and a thick skin.
True leadership comes from within. It's not some painted-on facade that you get to wear just because you've earned a certain amount of money or recruited a certain number of people. It's a powerful place of responsibility that anyone can step into - with a team of thousands, or a team of one.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Bull!
There are a couple of misconceptions about leadership that prevent many would-be leaders from stepping into this role and earning the income they so richly deserve:
1. "I don't know everything!"
If you're brand new, people expect that you don't know everything. The more important point, however, is whether you can find the answers people are looking for. Train your team to try to find answers on their own and come to you when they get stuck. You should never position yourself as the know-it-all in your group because it stifles the leadership qualities in others.
In fact, make a decision now to empower your team to share knowledge, resources and best practices freely with each other.
Warning: in order for this to work well, you must have open communication on your team and a willingness to help one another. A rising tide lifts all ships - but only if all the ships are in the water.
2. "I don't know how to be a leader!"
If you've ever been a teacher, parent, or boss, you have some idea of what makes a good leader: patience, understanding, tenacity and vision (coupled with the ability to see through other people's B.S.) are a great start. In truth, most direct sellers are natural leaders because of their entrepreneurial drive and desire to help others.
When in doubt, look to people you would classify as lousy leaders for examples of what not to do. Likewise, learn from some of the great leaders of our time by reading their books and biographies. Model what works in your business.
Both of these excuses are easily vanquished for the person who truly desires to step into leadership. Here is a short list of recommendations for anyone considering a leadership role (in Direct Sales or otherwise):
1. Connect - with other leaders in other companies as well as your own. Leaders need a network that is strong and diverse. Look for people in other fields besides direct sales, too. This will broaden your horizons as well as your ability to relate to others.
2. Don't wait for permission - from your upline, your family, your friends - or even yourself. Great leaders step into their role with authority - and very often learn as they go. In fact, when you stop learning, you stop leading. Which brings us to...
3. Learn all you can - about your company, your products, your team and most importantly, yourself. This isn't an ego trip. If you really want to become knowledgable, you need to take time to learn new things. Then, SHARE what you've learned to help your team make fast progress.
4. Ask for help - from your leaders, a coach, a mentor - anyone that can shorten the learning curve and bring you to your goal faster. Be aware that any good help requires SOME kind of investment: time, energy, money, focus. You will only get out of it, what you put into it.
5. Relax. You're going to make mistakes along the way - the best leaders always do. Taking risks implies a certain amount of failure at some point. Leadership requires both a sense of humor and a thick skin.
True leadership comes from within. It's not some painted-on facade that you get to wear just because you've earned a certain amount of money or recruited a certain number of people. It's a powerful place of responsibility that anyone can step into - with a team of thousands, or a team of one.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Direct Sales Success: Incentivizing Hosts
As I coach my hosts, one of the things I often do is include incentives for the actions I want them to take.
Frankly, if my host and I are a partnership, it's important to me that she keeps up her end of the partnership. My job is to help her have the most successful show possible: happy guests that spend lots of money so she gets tons of free and half priced products.
In my experience, there are a few things that help make a show successful right from the get-go:
1. plenty of guests
2. outside orders
3. bookings before the show
If those things are in place, the show is a success before I even arrive. Plus, it helps me to know I'm already making money on this show before I even head out to do the party.
The best way to encourage your hosts to demonstrate this kind of behavior is to incentivize their actions.
I use a special business card sized "cheat sheet" (that I share with my Direct Sales 101 clients) that outlines exactly how I will reward my host for helping me make the event successful.
But you don't need to be a client to do the same thing. Here's what I recommend:
1. decide what are the most important outcomes from your show (bookings, sales, recruits, etc)
2. decide what actions are required to get those results (calls to make, guests at the show, etc)
3. figure out how much of that burden should fall on your hostess (creating a guest list, making RSVP calls, etc)
4. decide what kind of incentives you can give your hostess for completing those actions.
It can be as simple or as complex as you'd like. My primary focus is always on the guest list. That's my insurance policy for a successful party. The better the guest list the more successful the show, almost across the board. I would offer a small gift to my hostess when her guest list contained 40 or more different names and addresses.
Gifts don't need to be big or fancy, but they should be commensurate with the reward you're getting in return. For example, if I had a host that collected $500 in outisde orders, I might give her a $10-20 gift on top of her host bonus rewards. That's $500 I didn't really have to work for, and that's my way of thanking her for making our partnership successful. On the other hand, if she collected $20 in outside orders, I might offer her a free sample product or an extra draw from my mystery gift grab bag. Think about your gifts as if you were the one receiving them. Would you feel special or truly appreciated? If not, it's probably not a gift worth offering.
When you incentivize your hosts, you train them to perform their duties and "keep up their end" of the business relationship. Set the expectation for success. You are not a slave. You are a partner in a successful business endeavor. Train your hosts so that they know what it takes to have a successful show.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Frankly, if my host and I are a partnership, it's important to me that she keeps up her end of the partnership. My job is to help her have the most successful show possible: happy guests that spend lots of money so she gets tons of free and half priced products.
In my experience, there are a few things that help make a show successful right from the get-go:
1. plenty of guests
2. outside orders
3. bookings before the show
If those things are in place, the show is a success before I even arrive. Plus, it helps me to know I'm already making money on this show before I even head out to do the party.
The best way to encourage your hosts to demonstrate this kind of behavior is to incentivize their actions.
I use a special business card sized "cheat sheet" (that I share with my Direct Sales 101 clients) that outlines exactly how I will reward my host for helping me make the event successful.
But you don't need to be a client to do the same thing. Here's what I recommend:
1. decide what are the most important outcomes from your show (bookings, sales, recruits, etc)
2. decide what actions are required to get those results (calls to make, guests at the show, etc)
3. figure out how much of that burden should fall on your hostess (creating a guest list, making RSVP calls, etc)
4. decide what kind of incentives you can give your hostess for completing those actions.
It can be as simple or as complex as you'd like. My primary focus is always on the guest list. That's my insurance policy for a successful party. The better the guest list the more successful the show, almost across the board. I would offer a small gift to my hostess when her guest list contained 40 or more different names and addresses.
Gifts don't need to be big or fancy, but they should be commensurate with the reward you're getting in return. For example, if I had a host that collected $500 in outisde orders, I might give her a $10-20 gift on top of her host bonus rewards. That's $500 I didn't really have to work for, and that's my way of thanking her for making our partnership successful. On the other hand, if she collected $20 in outside orders, I might offer her a free sample product or an extra draw from my mystery gift grab bag. Think about your gifts as if you were the one receiving them. Would you feel special or truly appreciated? If not, it's probably not a gift worth offering.
When you incentivize your hosts, you train them to perform their duties and "keep up their end" of the business relationship. Set the expectation for success. You are not a slave. You are a partner in a successful business endeavor. Train your hosts so that they know what it takes to have a successful show.
© 2010 Lisa Robbin Young.
==========
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Direct Sales: It's Playing, Not The Game, That Matters
I lost count at the number of emails I got asking me what game we played in our booth. I'm actually planning on doing an entire call for my Marketing Mentor coaching group next month about Expos and Events. But for you, dear readers, I will reveal the game we played in our booth.
But here's the thing. At different events, we played different games:
We played black jack.
We rolled giant dice and played craps.
We played "Where's the Queen?" (like the shell game, but with cards)
We played bingo.
The booth theme was "casino night". And it wasn't the game we played that mattered, it was the fact that we engaged our audience in a unique way that allowed them to see we were about more than just our product and our comp plan.
The games were pretty short - so we weren't spending more than a minute or so with each person. The games were also engaging. Participants had to participate and talk with us.
And that, dear readers, is what makes the difference. When people walk away from the booth, we'd slap the "I got lucky" sticker on them so that we knew they'd already played the game. But they were also advertising for us. So when someone asked "Hey, how'd you get that sticker?" people could say "I just played this really fun game over at that booth" and point in our general direction.
Woo hoo! They were driving traffic for us, advertising for us, and creating buzz for us. It was kind of an offline viral marketing technique.
But honestly, it didn't matter which game we played, the results were the same. People were excited about what we offered, we got to talk with people for more than two seconds, and we were able to have a memorable cue for follow-up calls ("you played craps at our booth at the expo...").
In big events, it's hard to stand out, hard to be remarkable. It's even more challenging when you have to compete with dozens of other direct sellers - even if they offer different products. People will likely only book one show, and you want it to be with you. You have to be very compelling. But that's another post for another day.
So now you know my "secret game". It's no secret. It's all in how you play the game, not what game you play.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
But here's the thing. At different events, we played different games:
We played black jack.
We rolled giant dice and played craps.
We played "Where's the Queen?" (like the shell game, but with cards)
We played bingo.
The booth theme was "casino night". And it wasn't the game we played that mattered, it was the fact that we engaged our audience in a unique way that allowed them to see we were about more than just our product and our comp plan.
The games were pretty short - so we weren't spending more than a minute or so with each person. The games were also engaging. Participants had to participate and talk with us.
And that, dear readers, is what makes the difference. When people walk away from the booth, we'd slap the "I got lucky" sticker on them so that we knew they'd already played the game. But they were also advertising for us. So when someone asked "Hey, how'd you get that sticker?" people could say "I just played this really fun game over at that booth" and point in our general direction.
Woo hoo! They were driving traffic for us, advertising for us, and creating buzz for us. It was kind of an offline viral marketing technique.
But honestly, it didn't matter which game we played, the results were the same. People were excited about what we offered, we got to talk with people for more than two seconds, and we were able to have a memorable cue for follow-up calls ("you played craps at our booth at the expo...").
In big events, it's hard to stand out, hard to be remarkable. It's even more challenging when you have to compete with dozens of other direct sellers - even if they offer different products. People will likely only book one show, and you want it to be with you. You have to be very compelling. But that's another post for another day.
So now you know my "secret game". It's no secret. It's all in how you play the game, not what game you play.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Direct Sales Tips: 3 Must Haves for Successful Events
As a direct sales consultant, I was party to more than my share of horrible events.
You know the kind: five consultants standing around in a mostly empty booth, while the crowds of passersby pass you by.
You look on, longingly hoping that someone, anyone, will enter the booth to talk to you.
But people keep walking by, afraid you'll all descend like vultures.
Yeah. I've been there. Thousands of people, no leads to speak of.
Then I had the opportunity to set up my own booth at a 2-day event, instead of "buying in" to someone else's.
I had complete control over how things were "supposed" to go (more on that in a minute).
I learned there were three critical factors to a successful event booth:
1. Traffic
2. Leads
3. Buzz
If you do it right, it's like a circle. Traffic generates leads, which creates buzz, which stimulates traffic.
But you can't get those three things to work if you haven't done your homework BEFORE the event. Here are the three MUST HAVES for any successful expo-type vendor event.
1. Know the desired outcome. What is it you're looking for from this event? More bookings? More recruits? More sales? A combination of the three? Be very clear on what it is you want from the leads that enter your booth.
2. Know the special offer. The best events I've ever had included some kind of incentive for creating the desired outcome AT the event. A special incentive for booking your party at the expo, for example.
3. An eye-catching display and sticky collateral. It doesn't have to be fancy, but it does have to be vertical. Something tall and easy to spot across a crowded expo center, or takeaways that have your visitors advertising for you, are both effective means of generating buzz once people have made it to your booth.
There's one more thing you need to plan for before the event - time to follow up with leads. If you're too busy to follow up with contacts you've made at the event, don't bother going. It's the equivalent of flushing your money down the toilet. Before the big day, block out time in your calendar AFTER the big event to be sure you can reach out to as many of your prospects as possible. If you've made a plan for the three must-haves, you'll need that time after the event to connect and close your leads.
Done properly, these three items are the biggest determining factors of your event success. If you handle yourself well and stick to the plan, you'll likely come out with more leads than you can handle.
If you opt to do things the old-school way (as did some of the consultants that joined me in my booth), you'll drive people away.
The proof is in the pudding, as they say. I set up my booth, told the other consultants how we we're going to handle the event, and left to speak on the main stage at the event. When I returned, two of the consultants were out in the aisles, passing out business cards and begging for bookings.
These two ladies were not on my team, but were part of my leader's team. They had paid to share the booth with us, so I wanted them to be successful. I politely explained to them that they needed to be in the booth, following the outline we had created to make the event successful for everyone.
"But that's too distracting. We aren't talking to as many people that way. Out in the aisle, we're talking to eveyone that comes by."
"My point exactly." I said, as I motioned for my team mate to join us in the aisle.
She was finishing up scheduling a booking on her calendar and I asked her to report out her results.
"I've booked a show and scheduled one recruiting appointment, but I've only talked to about 15 people since you left."
I then turned my attention to the ladies in the aisle.
"We've passed out about 50 business cards. I've got one lady that said she'd come back later to talk about booking a party. She's a friend of mine from work."
She did book that party. But at the end of the evening, when we were sorting out the leads, those two women had decidedly fewer leads than my team. They also had fewer booked appointments, and fewer business cards in their hands.
They didn't come back the next day. On their way out for the evening, they grumbled about how poorly the event fared for them, and how I must have somehow cheated to get nearly twice as many leads for my team.
Ladies! It's about quality, not quantity. Those women were forcing themselves on anyone that stood still long enough to take a card, instead of getting people to be excited about what they offered, and sharing that excitement with everyone they came in contact with.
Who's going to keep a business card? Not very many people. Who's going to wear a sticker that says "I got lucky!" and then tell other people at the event where they can go to get a sticker of their own?
Now you see my point. My team was engaging people in a game and putting the sticker on these people so that we would know who'd already played the game. People were coming to our table to play the game, walking away with a sticker and doing the advertising for us about our booth. We didn't have to go out into the aisle. They were coming to us.
But playing the game takes about 45 seconds per guest. That means you won't talk to as many people. BUT the ones you DO talk to are engaged, excited about what you're offering, and more likely to book, buy, or consider joining your team.
So I guess you could say we cheated. We used the power of the crowd on itself. We created a viral marketing campaign right there in the event. We created buzz, which drew traffic, which generated leads...
...And we had more leads than we could handle at the end of the night - and looked forward to even more on the next day.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
You know the kind: five consultants standing around in a mostly empty booth, while the crowds of passersby pass you by.
You look on, longingly hoping that someone, anyone, will enter the booth to talk to you.
But people keep walking by, afraid you'll all descend like vultures.
Yeah. I've been there. Thousands of people, no leads to speak of.
Then I had the opportunity to set up my own booth at a 2-day event, instead of "buying in" to someone else's.
I had complete control over how things were "supposed" to go (more on that in a minute).
I learned there were three critical factors to a successful event booth:
1. Traffic
2. Leads
3. Buzz
If you do it right, it's like a circle. Traffic generates leads, which creates buzz, which stimulates traffic.
But you can't get those three things to work if you haven't done your homework BEFORE the event. Here are the three MUST HAVES for any successful expo-type vendor event.
1. Know the desired outcome. What is it you're looking for from this event? More bookings? More recruits? More sales? A combination of the three? Be very clear on what it is you want from the leads that enter your booth.
2. Know the special offer. The best events I've ever had included some kind of incentive for creating the desired outcome AT the event. A special incentive for booking your party at the expo, for example.
3. An eye-catching display and sticky collateral. It doesn't have to be fancy, but it does have to be vertical. Something tall and easy to spot across a crowded expo center, or takeaways that have your visitors advertising for you, are both effective means of generating buzz once people have made it to your booth.
There's one more thing you need to plan for before the event - time to follow up with leads. If you're too busy to follow up with contacts you've made at the event, don't bother going. It's the equivalent of flushing your money down the toilet. Before the big day, block out time in your calendar AFTER the big event to be sure you can reach out to as many of your prospects as possible. If you've made a plan for the three must-haves, you'll need that time after the event to connect and close your leads.
Done properly, these three items are the biggest determining factors of your event success. If you handle yourself well and stick to the plan, you'll likely come out with more leads than you can handle.
If you opt to do things the old-school way (as did some of the consultants that joined me in my booth), you'll drive people away.
The proof is in the pudding, as they say. I set up my booth, told the other consultants how we we're going to handle the event, and left to speak on the main stage at the event. When I returned, two of the consultants were out in the aisles, passing out business cards and begging for bookings.
These two ladies were not on my team, but were part of my leader's team. They had paid to share the booth with us, so I wanted them to be successful. I politely explained to them that they needed to be in the booth, following the outline we had created to make the event successful for everyone.
"But that's too distracting. We aren't talking to as many people that way. Out in the aisle, we're talking to eveyone that comes by."
"My point exactly." I said, as I motioned for my team mate to join us in the aisle.
She was finishing up scheduling a booking on her calendar and I asked her to report out her results.
"I've booked a show and scheduled one recruiting appointment, but I've only talked to about 15 people since you left."
I then turned my attention to the ladies in the aisle.
"We've passed out about 50 business cards. I've got one lady that said she'd come back later to talk about booking a party. She's a friend of mine from work."
She did book that party. But at the end of the evening, when we were sorting out the leads, those two women had decidedly fewer leads than my team. They also had fewer booked appointments, and fewer business cards in their hands.
They didn't come back the next day. On their way out for the evening, they grumbled about how poorly the event fared for them, and how I must have somehow cheated to get nearly twice as many leads for my team.
Ladies! It's about quality, not quantity. Those women were forcing themselves on anyone that stood still long enough to take a card, instead of getting people to be excited about what they offered, and sharing that excitement with everyone they came in contact with.
Who's going to keep a business card? Not very many people. Who's going to wear a sticker that says "I got lucky!" and then tell other people at the event where they can go to get a sticker of their own?
Now you see my point. My team was engaging people in a game and putting the sticker on these people so that we would know who'd already played the game. People were coming to our table to play the game, walking away with a sticker and doing the advertising for us about our booth. We didn't have to go out into the aisle. They were coming to us.
But playing the game takes about 45 seconds per guest. That means you won't talk to as many people. BUT the ones you DO talk to are engaged, excited about what you're offering, and more likely to book, buy, or consider joining your team.
So I guess you could say we cheated. We used the power of the crowd on itself. We created a viral marketing campaign right there in the event. We created buzz, which drew traffic, which generated leads...
...And we had more leads than we could handle at the end of the night - and looked forward to even more on the next day.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Create an Editorial Calendar for Your Direct Sales Business
Magazines and periodicals have a nifty little tool that lays the groundwork for every issue they print. The editorial calendar guides the topical content for each article in a particular issue.
The most logical direct sales equivalent is our monthly host or guest specials - which are usually set up by our companies, and fed to us no more than a month or two in advance.
That's not the most effective way to create a strategic plan for your business year.
The solution is to create your own "editorial calendar" of sorts.
Each month of the year represents at least one new reason to contact your clients. In fact, this is one of the strategies I'm teaching in depth in my new Direct Sales 101 small group coaching program. An editorial calendar is a great guideline for both your newsletter AND your parties/presentations, because:
1. It allows you to have a plan in place for each month of the year at the beginning of the year - regardless of what your company proposes.
2. It puts YOU in control of your business instead of waiting for details from your home office.
3. It gives you the ability to create special connections with your clients by tailoring your offerings to their needs/desires.
Not sure where to start? Here are a few sample ideas for a monthly newsletter, based on holidays. Remember that most people will place orders in the month BEFORE the holiday, so plan ahead with your offerings:
January: Love, Valentine's Day, Showing Your Love
February: Luck of the Irish, St. Patty's Day, Go Green
March: Spring, Easter, April Showers (showers of money for great recruiting, or baby/bridal showers)
April: Mother's Day
May: Father's Day
June: Independence Day (U.S.)
July: End of Summer
August: Back to School
September: Halloween
October: Being Grateful
November: Christmas
December: New Year, New You, New Products
These samples don't begin to cover topics that are product or service-specific to your company. You are truly only limited by your imagination. Have a bi-weekly or weekly newsletter? Sprinkle in a few more topics that are related to each month, or to a specific product that your company may be featuring.
An editorial calendar doesn't chain you to sticking to these topics, but it does give you a safety net that will keep your business growing throughout the year - even when you're not sure yet what your home office has planned. You won't be scrambling, trying to figure out what to do. You'll have a confident plan of action that will move your business forward throughout the year.
Billion-dollar business woman Anne McKevitt said something to me that hit home: "Never leave anything to chance." By taking the reins of your promotional and publication schedule, you're not leaving your direct sales success to chance.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
The most logical direct sales equivalent is our monthly host or guest specials - which are usually set up by our companies, and fed to us no more than a month or two in advance.
That's not the most effective way to create a strategic plan for your business year.
The solution is to create your own "editorial calendar" of sorts.
Each month of the year represents at least one new reason to contact your clients. In fact, this is one of the strategies I'm teaching in depth in my new Direct Sales 101 small group coaching program. An editorial calendar is a great guideline for both your newsletter AND your parties/presentations, because:
1. It allows you to have a plan in place for each month of the year at the beginning of the year - regardless of what your company proposes.
2. It puts YOU in control of your business instead of waiting for details from your home office.
3. It gives you the ability to create special connections with your clients by tailoring your offerings to their needs/desires.
Not sure where to start? Here are a few sample ideas for a monthly newsletter, based on holidays. Remember that most people will place orders in the month BEFORE the holiday, so plan ahead with your offerings:
January: Love, Valentine's Day, Showing Your Love
February: Luck of the Irish, St. Patty's Day, Go Green
March: Spring, Easter, April Showers (showers of money for great recruiting, or baby/bridal showers)
April: Mother's Day
May: Father's Day
June: Independence Day (U.S.)
July: End of Summer
August: Back to School
September: Halloween
October: Being Grateful
November: Christmas
December: New Year, New You, New Products
These samples don't begin to cover topics that are product or service-specific to your company. You are truly only limited by your imagination. Have a bi-weekly or weekly newsletter? Sprinkle in a few more topics that are related to each month, or to a specific product that your company may be featuring.
An editorial calendar doesn't chain you to sticking to these topics, but it does give you a safety net that will keep your business growing throughout the year - even when you're not sure yet what your home office has planned. You won't be scrambling, trying to figure out what to do. You'll have a confident plan of action that will move your business forward throughout the year.
Billion-dollar business woman Anne McKevitt said something to me that hit home: "Never leave anything to chance." By taking the reins of your promotional and publication schedule, you're not leaving your direct sales success to chance.
© 2010 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com/
Longer is Much More Gratifying: Business Relationships That Work
I subscribe to far too many mailing lists.
My assistant creates filters in my gmail account so that I can sort the wheat from the chaff on a regular basis, but even I recognize I'm still on far too many lists. Some lists I'm not even sure how I got there - or they only send me an email once every blue moon, so I forget to unsubscribe before I hit the delete button.
Today, I got an email from one such list. But I shan't be unsubscribing just yet.
One little sentence saved him from the dung heap.
Normally, I don't like ezines that force me to click through to read the article. But his title was compelling, revealing the business trend we witnessed in 2009 - how 7 figure companies were fast dwindling into 5 figure companies due to a failue to adapt to change.
The one little sentence that caught my eye (despite the problems with formatting on the page)?
"It takes us longer to convert a lead into a customer but it is much more gratifying in the end."
Hello! Welcome to the world of marketing your business!
Gone are the days of sticking a business card in your prospect's face and expecting them to buy a couple hundred dollars worth of your product. In fact, Bob suggests that going after bigger ticket clients is actually a better strategy because they understand the value of your product, and are less likely to shop based solely on price.
The reality of that, however, is that people who shop based on value take a little more time to assess, resolve and decide to make the purchase.
I'll have a guest that attends 3 or 4 parties before they ever purchase a thing. I'm on the verge of writing this person off as uninterested just as they are whipping out their checkbook to pay for a $300+ order.
I wish I was joking, but I'm not.
See, the flip side to our "instant gratification" world is that there are still people that believe in taking their time, doing things the right way, and NOT rushing into anything. In our rush to service the next in line, we sometimes forget what serving our clients is really all about: finding their needs, and helping them make decisions that will improve their lives.
And sometimes it takes more than four point two seconds to determine if the value of your offering really is better than the other guy. Sometimes value is determined by how much time you actually SPEND WITH the client.
This isn't just a direct sales application. This is a life application. Our best friends are usually the ones we've known the longest - or it at least "feeeeels like we've known them foreeeeeeeever". Longer relationships are much more gratifying.
That's the dilemma of social media. So many direct sellers have jumped on the SM bandwagon thinking it's the road to fast riches. NO. Just like eveything else bout direct sales, it's not get rich quick. It's get rich by building relationships - on a national platform instead of a local one.
So if someone sold you that bill of goods, my apologies. The strength in any relationship - business or otherwise - lies in the number of genuine, valueable connections you have with that person. Sometimes you can take shortcuts, but you can't short circuit the entire process.
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
My assistant creates filters in my gmail account so that I can sort the wheat from the chaff on a regular basis, but even I recognize I'm still on far too many lists. Some lists I'm not even sure how I got there - or they only send me an email once every blue moon, so I forget to unsubscribe before I hit the delete button.
Today, I got an email from one such list. But I shan't be unsubscribing just yet.
One little sentence saved him from the dung heap.
Normally, I don't like ezines that force me to click through to read the article. But his title was compelling, revealing the business trend we witnessed in 2009 - how 7 figure companies were fast dwindling into 5 figure companies due to a failue to adapt to change.
The one little sentence that caught my eye (despite the problems with formatting on the page)?
"It takes us longer to convert a lead into a customer but it is much more gratifying in the end."
Hello! Welcome to the world of marketing your business!
Gone are the days of sticking a business card in your prospect's face and expecting them to buy a couple hundred dollars worth of your product. In fact, Bob suggests that going after bigger ticket clients is actually a better strategy because they understand the value of your product, and are less likely to shop based solely on price.
The reality of that, however, is that people who shop based on value take a little more time to assess, resolve and decide to make the purchase.
I'll have a guest that attends 3 or 4 parties before they ever purchase a thing. I'm on the verge of writing this person off as uninterested just as they are whipping out their checkbook to pay for a $300+ order.
I wish I was joking, but I'm not.
See, the flip side to our "instant gratification" world is that there are still people that believe in taking their time, doing things the right way, and NOT rushing into anything. In our rush to service the next in line, we sometimes forget what serving our clients is really all about: finding their needs, and helping them make decisions that will improve their lives.
And sometimes it takes more than four point two seconds to determine if the value of your offering really is better than the other guy. Sometimes value is determined by how much time you actually SPEND WITH the client.
This isn't just a direct sales application. This is a life application. Our best friends are usually the ones we've known the longest - or it at least "feeeeels like we've known them foreeeeeeeever". Longer relationships are much more gratifying.
That's the dilemma of social media. So many direct sellers have jumped on the SM bandwagon thinking it's the road to fast riches. NO. Just like eveything else bout direct sales, it's not get rich quick. It's get rich by building relationships - on a national platform instead of a local one.
So if someone sold you that bill of goods, my apologies. The strength in any relationship - business or otherwise - lies in the number of genuine, valueable connections you have with that person. Sometimes you can take shortcuts, but you can't short circuit the entire process.
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
Direct Sales Success: Expectations Set the Tone
When I work with clients on their target marketing, one of the biggest areas of contention is the realization that ultimately, everyone is not their target market.
No, everyone that fogs up a mirror is not your prospect. Neither is everyone who showers (if you're in skincare), everyone who eats (if you sell kitchen gadgets or food), or everyone with kids (if you sell toys or educational goodies).
You've got to be a little more specific.
For example, if you choose to service a local, offline, market, then people more than 100 miles from your home would not be part of your target market. This limits the number of people you can serve.
And that word, "limits", seems to put a stranglehold on a consultant faster than a rope 'n ride at the rodeo.
They want to serve everyone. Because if they don't serve everyone, how will they get enough clients for their business.
Then I try to remind them of this episode of I Love Lucy:
You can't possibly serve everyone and do a good job.
Really. You can't.
So, why not change your expectations? establish a market that you CAN serve, and that you WANT to serve.
And expectations go both ways. Be sure to let your target market know what they can expect from you, how you expect to serve them, and how they can expect to hear from you. here are some suggestions to help set the tone with new clients in your target market:
1. Lay out the ground rules from the get-go.
Tell them your guest lists typically have 40-50 names on them, and that you usually get them back within 3 days. If they have problems with that, you'll be more than happy to help them in person, or to direct them to another consultant that would be glad to work with them.
2. Express your excitement about helping your host have a successful show. Your best shows are going to have a certain number of guests (get this info from your statistics from last year). Let your hosts and guests know what they can expect if the evening is a success for everyone.
3. Decide in advance what kind of show you want to have. Leave nothing to chance. I have had success inviting my "go only" guests to other people's parties. If a guest says "I only go to parties, I don't host them" I put them on a list so that when I have a host that's struggling to get RSVP's, I can call them up and invite them to the party. The host thinks I'm her hero, and the guest appreciates being remembered and treated respectfully.
Ultimately, it's up to you to decide how you're going to make the most of your business, policies and procedures. your home office lays the foundation, but the framework is built by you. Your expectations set the tone for the outcome of your parties AND your business as a whole.
Expect more to get more.
No, everyone that fogs up a mirror is not your prospect. Neither is everyone who showers (if you're in skincare), everyone who eats (if you sell kitchen gadgets or food), or everyone with kids (if you sell toys or educational goodies).
You've got to be a little more specific.
For example, if you choose to service a local, offline, market, then people more than 100 miles from your home would not be part of your target market. This limits the number of people you can serve.
And that word, "limits", seems to put a stranglehold on a consultant faster than a rope 'n ride at the rodeo.
They want to serve everyone. Because if they don't serve everyone, how will they get enough clients for their business.
Then I try to remind them of this episode of I Love Lucy:
You can't possibly serve everyone and do a good job.
Really. You can't.
So, why not change your expectations? establish a market that you CAN serve, and that you WANT to serve.
And expectations go both ways. Be sure to let your target market know what they can expect from you, how you expect to serve them, and how they can expect to hear from you. here are some suggestions to help set the tone with new clients in your target market:
1. Lay out the ground rules from the get-go.
Tell them your guest lists typically have 40-50 names on them, and that you usually get them back within 3 days. If they have problems with that, you'll be more than happy to help them in person, or to direct them to another consultant that would be glad to work with them.
2. Express your excitement about helping your host have a successful show. Your best shows are going to have a certain number of guests (get this info from your statistics from last year). Let your hosts and guests know what they can expect if the evening is a success for everyone.
3. Decide in advance what kind of show you want to have. Leave nothing to chance. I have had success inviting my "go only" guests to other people's parties. If a guest says "I only go to parties, I don't host them" I put them on a list so that when I have a host that's struggling to get RSVP's, I can call them up and invite them to the party. The host thinks I'm her hero, and the guest appreciates being remembered and treated respectfully.
Ultimately, it's up to you to decide how you're going to make the most of your business, policies and procedures. your home office lays the foundation, but the framework is built by you. Your expectations set the tone for the outcome of your parties AND your business as a whole.
Expect more to get more.
Direct Sales Passion: Are You Faking It?
'Tis the season when most companies begin their Leader Retreat events.
These are the rallies and propaganda fests where the company leaders can celebrate their accomplishments, learn best practices and get a glimpse of some of the new products for the new year - and maybe even bring some home with them.
But you know what? Even if you're not 'qualified' to attend, you may still be one of those consultants that's out-performing your leader. All it takes is a little passion.
That's what happened to me.
A few years back, I qualified to attend the leadership getaway that my then-company hosted for their leaders. I had been encouraged by my upline leader to strive to attend, reach all the goals laid before me, and work like heck to walk across the stage at Leader Retreat.
I'm not one to do 20 parties a month, so I figured I'd shoot for the goal of $5000 in sales during the first 6 months of the year, which were usually the toughest months of the year in our company.
I think I ended the period with about $7800 in sales, doing about 8 or 9 shows during that time. There were several people on our team that also achieved that $5000 goal, but because they weren't leaders, they couldn't go to Leader Retreat.
One consultant had over $15,000 in sales and missed qualifying as a leader by one recruit.
It was disappointing to me that other people who out performed me were not able to attend the event and celebrate their success. Imagine my surprise when my own leader didn't even walk across the stage with me.
Talk about "faking it"! Here she was pushing (and I DO mean pushing) all of her team to achieve these goals, get qualified for on stage recognition, and all the while she was barely doing the minimums to keep her title. She did, however, earn a nice chunk of bonus compensation for all the work we did to help her keep her title.
One of the nice things abotu Direct Sales is the compensation leaders can earn for helping their teams achieve levels of success. I have no problem with that. However, there's a problem when a leader is doing "just the minimums" and encouraging her teams to go for the gusto.
There's no congruency. She got paid despite the fact that several of her personal recruits out-performed her and eventually promoted above her. Consultants began to talk, and in less than a year, many of her recruits had lost faith in her, stopped attending her meetings, gave up, or left the company completely.
When people find out you're faking it, it's just too much of a let down.
Why was it that our team was able to achieve a goal that our own leader did not?
Passion.
First, we believed in our leader. She was a little on the pushy side, but we believed that she had our best interests at heart. Once we learned she was faking it - putting on a good show to bump up her tea numbers, but doing the minimums herself - we weren't as keen to be workhorses for her next big award.
Second, we caught the vision of an idea that was greater than our circumstance. We wanted the recognition that we thought would come from achieving something remarkable. It set us on fire. We became passionate - about our goal, our product, and about getting the message out to as many people as we could. Those of us that achieved those goals went on to bigger things within the company.
Our leader? Not so much. She was content to talk a good game, but when it came to playing the game, she was riding the bench. Ultimately, that leader left the company for what she thought were greener pastures. But her problems followed her. She was looking for other people to do the work for her. Instead of leading by example, she was ligthing the fire under her recruits, and sitting back to watch how far they would take her.
That was the final realization for me that not every leader knows more than I do when it comes to growing my business and defining my success.
In direct sales, like in life, faking it only works for so long - either your recruits pass you, or they give up on you and look to other leaders in the company to give them solid direction and advice. That's what happened to my leader. Imagine how much more successful she could have been if she'd been practicing what she was preaching!
It's one thing to be passionate about something and actively share it with your team and the world. It's something else to just "talk a good game" and not work your business with enthusiasm. People talk, and it's only a matter of time before you're found out.
If you've been in the business for a while, and feeling like the passion is fading, here are a few tips to help you re-kindle the romance with your direct sales biz:
1. Remember what it was like when you were brand new. It was a time of discovery. What are ways you can tap into that sense of awe and discovery in your business? Try a new product, find a creative use for an old product. Talk with someone you DON'T know at the home office.
2. Share your favorites. You have a list of products you love (if you don't, why are you in this business in the first place?). Think of other people that would love them for the same reasons and invite them to experience the product - no strings - in a complimentary session. Woo your customers back (maybe a few that you haven't talked with in a while) with a free sampling, or a thank-you event that doesn't end with a sales pitch.
Alternatively, if it's appropriate, make a donation to a local shelter - anonymously - of your favorite products. The gratitude will be overwhelming.
3. Bring in the kids. If it's appropriate for your product, invite the kids in and shoot a video of THEM doing a presentation with your products. talk about FUN! You'll not only get a good laugh, you'll get to see how your KIDS view the way you do business.
These are just a few ideas you can use to bring back some of the fun and excitement to your business. Seeing the way you build your business through your new consultant's eyes can often refresh a leader that's gotten a little complacent or jaded in their business.
A little passion (that's genuine) goes a long way. Eventually, if you're faking it, you'll be found out.
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
These are the rallies and propaganda fests where the company leaders can celebrate their accomplishments, learn best practices and get a glimpse of some of the new products for the new year - and maybe even bring some home with them.
But you know what? Even if you're not 'qualified' to attend, you may still be one of those consultants that's out-performing your leader. All it takes is a little passion.
That's what happened to me.
A few years back, I qualified to attend the leadership getaway that my then-company hosted for their leaders. I had been encouraged by my upline leader to strive to attend, reach all the goals laid before me, and work like heck to walk across the stage at Leader Retreat.
I'm not one to do 20 parties a month, so I figured I'd shoot for the goal of $5000 in sales during the first 6 months of the year, which were usually the toughest months of the year in our company.
I think I ended the period with about $7800 in sales, doing about 8 or 9 shows during that time. There were several people on our team that also achieved that $5000 goal, but because they weren't leaders, they couldn't go to Leader Retreat.
One consultant had over $15,000 in sales and missed qualifying as a leader by one recruit.
It was disappointing to me that other people who out performed me were not able to attend the event and celebrate their success. Imagine my surprise when my own leader didn't even walk across the stage with me.
Talk about "faking it"! Here she was pushing (and I DO mean pushing) all of her team to achieve these goals, get qualified for on stage recognition, and all the while she was barely doing the minimums to keep her title. She did, however, earn a nice chunk of bonus compensation for all the work we did to help her keep her title.
One of the nice things abotu Direct Sales is the compensation leaders can earn for helping their teams achieve levels of success. I have no problem with that. However, there's a problem when a leader is doing "just the minimums" and encouraging her teams to go for the gusto.
There's no congruency. She got paid despite the fact that several of her personal recruits out-performed her and eventually promoted above her. Consultants began to talk, and in less than a year, many of her recruits had lost faith in her, stopped attending her meetings, gave up, or left the company completely.
When people find out you're faking it, it's just too much of a let down.
Why was it that our team was able to achieve a goal that our own leader did not?
Passion.
First, we believed in our leader. She was a little on the pushy side, but we believed that she had our best interests at heart. Once we learned she was faking it - putting on a good show to bump up her tea numbers, but doing the minimums herself - we weren't as keen to be workhorses for her next big award.
Second, we caught the vision of an idea that was greater than our circumstance. We wanted the recognition that we thought would come from achieving something remarkable. It set us on fire. We became passionate - about our goal, our product, and about getting the message out to as many people as we could. Those of us that achieved those goals went on to bigger things within the company.
Our leader? Not so much. She was content to talk a good game, but when it came to playing the game, she was riding the bench. Ultimately, that leader left the company for what she thought were greener pastures. But her problems followed her. She was looking for other people to do the work for her. Instead of leading by example, she was ligthing the fire under her recruits, and sitting back to watch how far they would take her.
That was the final realization for me that not every leader knows more than I do when it comes to growing my business and defining my success.
In direct sales, like in life, faking it only works for so long - either your recruits pass you, or they give up on you and look to other leaders in the company to give them solid direction and advice. That's what happened to my leader. Imagine how much more successful she could have been if she'd been practicing what she was preaching!
It's one thing to be passionate about something and actively share it with your team and the world. It's something else to just "talk a good game" and not work your business with enthusiasm. People talk, and it's only a matter of time before you're found out.
If you've been in the business for a while, and feeling like the passion is fading, here are a few tips to help you re-kindle the romance with your direct sales biz:
1. Remember what it was like when you were brand new. It was a time of discovery. What are ways you can tap into that sense of awe and discovery in your business? Try a new product, find a creative use for an old product. Talk with someone you DON'T know at the home office.
2. Share your favorites. You have a list of products you love (if you don't, why are you in this business in the first place?). Think of other people that would love them for the same reasons and invite them to experience the product - no strings - in a complimentary session. Woo your customers back (maybe a few that you haven't talked with in a while) with a free sampling, or a thank-you event that doesn't end with a sales pitch.
Alternatively, if it's appropriate, make a donation to a local shelter - anonymously - of your favorite products. The gratitude will be overwhelming.
3. Bring in the kids. If it's appropriate for your product, invite the kids in and shoot a video of THEM doing a presentation with your products. talk about FUN! You'll not only get a good laugh, you'll get to see how your KIDS view the way you do business.
These are just a few ideas you can use to bring back some of the fun and excitement to your business. Seeing the way you build your business through your new consultant's eyes can often refresh a leader that's gotten a little complacent or jaded in their business.
A little passion (that's genuine) goes a long way. Eventually, if you're faking it, you'll be found out.
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
Direct Sales Success: From Strategy to Plan
Planning for direct sales success can be as simple as turning on a light switch, or as challenging as digging ditches. It all depends on your outlook.
My husband thinks 'plan' is a four-letter word. So I have to come up with "action items" instead of a plan. It's the only way to get anything done around my house.
But before I lay out my "honey-do" list, I have to envision my desired outcome. Then, I need to understand the important pillars of getting the job done.
The same hold true in your direct sales business.
Once you've laid a vision for your direct sales business, identified the goals and created a strategy around what the key areas of accomplishment are, we then get to "the brass tacks" of bringing that vision to life - creating the plan.
Once you've laid out you annual objectives, you've got to break that down into meaningful, manageable "chunks". For example, if your goal is to add 12 new personal recruits to your team, that breaks down to approximately 1 recruit each month.
But this kind of thinking is not likely to be accurate.
Consultants are trained to average their numbers out over the course of the year, which is a detriment. In reality, the bulk of our sales - the bulk of our business, really - comes during the last quarter of the year.
Now that doesn't mean to sit on your laurels until October. Far from it.
What it means is that you should plan appropriately and project reasonably for the year.
For example, if you look at your sales history and 50% of your sales happens from October to December, don't expect that you'll have an even time of things from January to June.
Forecast higher numbers in the fall and lower numbers in the winter.
This does two things:
1. It paints a realistic picture for your business
2. It shows you where your real opportunities lie
So if you've NEVER added a single recruit in February, you can choose to focus on that objective, or to play to your strengths instead.
This is how your business truly becomes your own.
If in March, you know there's a big bridal event that you're planning for, lay the groundwork NOW and know what your desired outcomes are. They may look something like this:
1. collect contact info for 300 leads
2. connect with 30 brides (preferably at the show)
3. book 10 parties/events from the bridal show
4. schedule 2 recruit interviews
5. sign one recruit
If there is a commandment in direct sales it should be "Thou shalt know thy numbers." You can't plan a realistic business year without knowing your numbers. How many interviews must you hold (on average) before you sign a recruit? How many people do you need to talk to before you can schedule an interview? How many leads do you need to make 30 contacts?
If you know these numbers, you can look at last year's data to break it all down. Here's a hypothetical example:
2009 Results:
Jan - 2 shows, 16 people, 1 recruit interview (did not sign)
Feb - 8 shows, 80 people, 3 recruit interviews (1 signed)
Mar - 10 shows, 85 people, 5 recruit interviews (2 signed)
Apr - 7 shows, 80 people, 4 recruit interviews (1 signed)
May - 16 shows, 150 people, 10 recruit interviews (3 signed)
Jun - 7 shows, 81 people, 5 recruit interviews (3 signed)
Jul - 4 shows, 55 people, 3 recruit interviews (2 signed)
Aug - 4 shows, 42 people, 1 recruit interview (1 signed)
Sep - 6 shows, 55 people, 2 recruit interviews (0 signed)
Oct - 11 shows, 140 people, 12 recruit interviews (5 signed)
nov - 16 shows, 225 people, 20 recruit interviews (10 signed)
Dec - 8 shows, 150 people, 10 recruit interviews (3 signed)
2009 - 99 shows, 1159 people, 76 recruiting interviews, 31 signed
These numbers reveal that for every 3 shows you hold, about 1 person will sign up. It also tells you that only aout 6% of your customers and guests will hold an interview with you, but that once you DO get them to schedule an interview, you will sign up about 40% of them.
It also shows you that June, July and January are your slowest months. this tells you that you can either take a vacation (if you're certain you'll not do any business during those months), or plan some new ideas for those months to boost business.
It also shows you that you're bringing a lot of team members on in the fall. How can you prepare yourself to have an eqally spectacular spring, and still be ready to bring on so many new recruits during the busy season?
Armed with your own numbers, you can plan a course for your entire year - without waiting to see what your home office will do in terms of incentives, prizes, bonuses or rewards.
You can also find the holes in your armor and fix them. If January is always slow, is it because you're so bogged down in December that you can't get things moving? If so, now you have ammunition to create a strategy to prevent this kind of problem at the end of this year.
You don't need a coach to tell you all of this. You can crunch these numbers on your own. But crunch them one way or another so that you can have a powerfully productive 2010!
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
My husband thinks 'plan' is a four-letter word. So I have to come up with "action items" instead of a plan. It's the only way to get anything done around my house.
But before I lay out my "honey-do" list, I have to envision my desired outcome. Then, I need to understand the important pillars of getting the job done.
The same hold true in your direct sales business.
Once you've laid a vision for your direct sales business, identified the goals and created a strategy around what the key areas of accomplishment are, we then get to "the brass tacks" of bringing that vision to life - creating the plan.
Once you've laid out you annual objectives, you've got to break that down into meaningful, manageable "chunks". For example, if your goal is to add 12 new personal recruits to your team, that breaks down to approximately 1 recruit each month.
But this kind of thinking is not likely to be accurate.
Consultants are trained to average their numbers out over the course of the year, which is a detriment. In reality, the bulk of our sales - the bulk of our business, really - comes during the last quarter of the year.
Now that doesn't mean to sit on your laurels until October. Far from it.
What it means is that you should plan appropriately and project reasonably for the year.
For example, if you look at your sales history and 50% of your sales happens from October to December, don't expect that you'll have an even time of things from January to June.
Forecast higher numbers in the fall and lower numbers in the winter.
This does two things:
1. It paints a realistic picture for your business
2. It shows you where your real opportunities lie
So if you've NEVER added a single recruit in February, you can choose to focus on that objective, or to play to your strengths instead.
This is how your business truly becomes your own.
If in March, you know there's a big bridal event that you're planning for, lay the groundwork NOW and know what your desired outcomes are. They may look something like this:
1. collect contact info for 300 leads
2. connect with 30 brides (preferably at the show)
3. book 10 parties/events from the bridal show
4. schedule 2 recruit interviews
5. sign one recruit
If there is a commandment in direct sales it should be "Thou shalt know thy numbers." You can't plan a realistic business year without knowing your numbers. How many interviews must you hold (on average) before you sign a recruit? How many people do you need to talk to before you can schedule an interview? How many leads do you need to make 30 contacts?
If you know these numbers, you can look at last year's data to break it all down. Here's a hypothetical example:
2009 Results:
Jan - 2 shows, 16 people, 1 recruit interview (did not sign)
Feb - 8 shows, 80 people, 3 recruit interviews (1 signed)
Mar - 10 shows, 85 people, 5 recruit interviews (2 signed)
Apr - 7 shows, 80 people, 4 recruit interviews (1 signed)
May - 16 shows, 150 people, 10 recruit interviews (3 signed)
Jun - 7 shows, 81 people, 5 recruit interviews (3 signed)
Jul - 4 shows, 55 people, 3 recruit interviews (2 signed)
Aug - 4 shows, 42 people, 1 recruit interview (1 signed)
Sep - 6 shows, 55 people, 2 recruit interviews (0 signed)
Oct - 11 shows, 140 people, 12 recruit interviews (5 signed)
nov - 16 shows, 225 people, 20 recruit interviews (10 signed)
Dec - 8 shows, 150 people, 10 recruit interviews (3 signed)
2009 - 99 shows, 1159 people, 76 recruiting interviews, 31 signed
These numbers reveal that for every 3 shows you hold, about 1 person will sign up. It also tells you that only aout 6% of your customers and guests will hold an interview with you, but that once you DO get them to schedule an interview, you will sign up about 40% of them.
It also shows you that June, July and January are your slowest months. this tells you that you can either take a vacation (if you're certain you'll not do any business during those months), or plan some new ideas for those months to boost business.
It also shows you that you're bringing a lot of team members on in the fall. How can you prepare yourself to have an eqally spectacular spring, and still be ready to bring on so many new recruits during the busy season?
Armed with your own numbers, you can plan a course for your entire year - without waiting to see what your home office will do in terms of incentives, prizes, bonuses or rewards.
You can also find the holes in your armor and fix them. If January is always slow, is it because you're so bogged down in December that you can't get things moving? If so, now you have ammunition to create a strategy to prevent this kind of problem at the end of this year.
You don't need a coach to tell you all of this. You can crunch these numbers on your own. But crunch them one way or another so that you can have a powerfully productive 2010!
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
The Direct Sales Conundrum: Embracing Entrepreneurialism
I have a few confessions to make:
1. I love direct sales. I love doing home parties, meeting people and making connections. I love seeing new faces and learning about new people. I love seeing the insides of other people's homes. Especially unique homes with stories. I love direct sales.
2. Direct Sales is not enough for me. Lest you think I'm greedy, I'm discovering that I'm not alone. I've coached dozens of direct sellers that are trying to find themselves in their business, and I've found out that they, too, feel like direct sales is not enough. It has nothing to do with the compensation plan, or feeling that they won't succeed. In fact, many of these women are VERY successful in their direct sales business. They just feel like there's something 'more'.
3. I am an entrepreneur. I mean that in the "I want something I can call my own, to grow from a seedling and watch it blossom and grow" sense of the word. By design, you never truly own a direct sales business. Sometimes, it owns you. yes, you can build a successful business in direct sales, but the busines you build is always "You, inc." and your direct salescompany is at best a wholesaler and partnerin your venture. You never really 'own' the company.
As an entrepreneur, I jumped from company to company trying to find that "right fit". Sometimes I juggled multiple company affiliations because I thought they'd work well together. And if I found a company that didn't see things my way, I'd jump ship - again.
For a long time, I thought it was just me, until I heard stories from other company hoppers. I thought there was a problem with me sticking to stuff. I thought it was my entrepreneurial ADD kicking in. And that's when it hit me.
I call it The Direct Sales Conundrum.
The problem isn't that you're flighty, or can't stick to one thing. It's not even the fact that you can't ever own the company - at least not entirely. It's the fact that you've hit the wall in your business between being a distributor and being an entrepreneur.
You're trying to force a square peg in a round hole.
Direct sales is amazing for entrepeneurs because it eliminates a lot of the original fears entrepreneurs have about going into business for themseves: your product, marketing materials and all the logistics of delivery are already handled - and you have a whole R&D team and corporate offices backing you up. You're not cash flowing that expense out of your own pocket. All you have to do is handle your personal book of business and manage your own clients - and train your team to do the same.
There are a ton of benefits for entrepreneurs to get their feet wet in a direct sales business model. The 'conundrum' comes when you're not happy with we feet, and are ready to jump headlong into the entrepreneurial pool.
The things that make direct sales great can be the very same reasons why entrepreneurs get listless in their business. Maybe you have some great ideas on how the company should create a new product, serve a new market, or provide better customer service (I sure did).
Those ideas alone would be enough to get soem entrepreneurs shifting in their seats. When you couple those ideas with a burning passion to see changes happening - and they're not happening - you can get downright frustrated in your business.
"I'm mad as hell, and I'm not gonna take it anymore." has been a war cry for entrepreneurs probably since the beginning of time. We get to the point where we crave something more than our direct sales business, but we're carrying around too much fear to make the leap into our OWN business.
Smell it? It's fear.
I've watched client after client wrestle with their own fear demons. Some were able to successfully build a direct sales business that brought them contentment. Others wanted "more" and struck out on their own.
The irony is that many of those people wanted to transition out of their "real job" and discovered they had only transferred assignments to a new company.
They were still working a job, they just had more flexibility.
What about you? I love direct sales, and will probably always be a consultant for a company that I love. I also embrace my inner entrepreneur in the other company I've built and the new brand I'm launching next year.
There's nothing wrong with realising that direct sales has serve its purpose in your life, and moving on to the next big thing for you.
There's also nothing wrong with loving a company and products that you are passionate about and sharing them with the world.
Whichever you decide, decide it for yourself. Live life and build your business without apologies. Make mistakes, take big leaps, grow your world and expand your mind.
Because if you don't, who will? You'll be that square peg trying to squeeze yourself into a place you don't belong.
1. I love direct sales. I love doing home parties, meeting people and making connections. I love seeing new faces and learning about new people. I love seeing the insides of other people's homes. Especially unique homes with stories. I love direct sales.
2. Direct Sales is not enough for me. Lest you think I'm greedy, I'm discovering that I'm not alone. I've coached dozens of direct sellers that are trying to find themselves in their business, and I've found out that they, too, feel like direct sales is not enough. It has nothing to do with the compensation plan, or feeling that they won't succeed. In fact, many of these women are VERY successful in their direct sales business. They just feel like there's something 'more'.
3. I am an entrepreneur. I mean that in the "I want something I can call my own, to grow from a seedling and watch it blossom and grow" sense of the word. By design, you never truly own a direct sales business. Sometimes, it owns you. yes, you can build a successful business in direct sales, but the busines you build is always "You, inc." and your direct salescompany is at best a wholesaler and partnerin your venture. You never really 'own' the company.
As an entrepreneur, I jumped from company to company trying to find that "right fit". Sometimes I juggled multiple company affiliations because I thought they'd work well together. And if I found a company that didn't see things my way, I'd jump ship - again.
For a long time, I thought it was just me, until I heard stories from other company hoppers. I thought there was a problem with me sticking to stuff. I thought it was my entrepreneurial ADD kicking in. And that's when it hit me.
I call it The Direct Sales Conundrum.
The problem isn't that you're flighty, or can't stick to one thing. It's not even the fact that you can't ever own the company - at least not entirely. It's the fact that you've hit the wall in your business between being a distributor and being an entrepreneur.
You're trying to force a square peg in a round hole.
Direct sales is amazing for entrepeneurs because it eliminates a lot of the original fears entrepreneurs have about going into business for themseves: your product, marketing materials and all the logistics of delivery are already handled - and you have a whole R&D team and corporate offices backing you up. You're not cash flowing that expense out of your own pocket. All you have to do is handle your personal book of business and manage your own clients - and train your team to do the same.
There are a ton of benefits for entrepreneurs to get their feet wet in a direct sales business model. The 'conundrum' comes when you're not happy with we feet, and are ready to jump headlong into the entrepreneurial pool.
The things that make direct sales great can be the very same reasons why entrepreneurs get listless in their business. Maybe you have some great ideas on how the company should create a new product, serve a new market, or provide better customer service (I sure did).
Those ideas alone would be enough to get soem entrepreneurs shifting in their seats. When you couple those ideas with a burning passion to see changes happening - and they're not happening - you can get downright frustrated in your business.
"I'm mad as hell, and I'm not gonna take it anymore." has been a war cry for entrepreneurs probably since the beginning of time. We get to the point where we crave something more than our direct sales business, but we're carrying around too much fear to make the leap into our OWN business.
Smell it? It's fear.
I've watched client after client wrestle with their own fear demons. Some were able to successfully build a direct sales business that brought them contentment. Others wanted "more" and struck out on their own.
The irony is that many of those people wanted to transition out of their "real job" and discovered they had only transferred assignments to a new company.
They were still working a job, they just had more flexibility.
What about you? I love direct sales, and will probably always be a consultant for a company that I love. I also embrace my inner entrepreneur in the other company I've built and the new brand I'm launching next year.
There's nothing wrong with realising that direct sales has serve its purpose in your life, and moving on to the next big thing for you.
There's also nothing wrong with loving a company and products that you are passionate about and sharing them with the world.
Whichever you decide, decide it for yourself. Live life and build your business without apologies. Make mistakes, take big leaps, grow your world and expand your mind.
Because if you don't, who will? You'll be that square peg trying to squeeze yourself into a place you don't belong.
Direct Sales Success: Strategy Part 2, Goals
As I write this, it's almost the new year, and if there's one thing I've learned to dread, it's the annual list of "resolutions" that are so often ignored about 3 weeks into the year. I stopped making resolutions a while back, and decided to create an annual strategy to achieve the things I wanted to accomplish in my life.
Did you hear me say "goals" in there? Most of us have gotten immune to the word goal. My husband even claims that "plan" is a four-letter word and refuses to do much in the way of planning. Thus, I've had to resort to semantics so that we can "create a strategy" (plan) for the things we want to accomplish (goals).
Some people are so turned off by the word, that I hesitated to use it here. That said, we need to decide what we want to accomplish - what our goals are - before we can finalize our strategy.
Would you like to reach more clients this year? Perhaps you'd prefer to really focus on generating more income from your existing customer base? Maybe you'd like more shows on your calendar - or maybe higer show sales averages?
You can't get what you want, until you know what you want. I think there's a song in there somewhere.
Take some time to really think about the three or four major goals you'd like to hit in your business this year. Take them and spend 3-4 months working on each one. It might be hard to prioritize them, but if you know you want to do an event at the end of the year to reach a new group of customers, make that your focus for that quarter.
This is how strategy is created in a real business. Even though your companies only tell you what's coming up for the next couple of months, they're already working on the holiday catalog for NEXT year! They've got a strategy, a business plan, and they have a direction to help them achieve their goals.
Does this mean we won't 'course correct' along the way? Heavens no. We need to look at our strategy and our plan periodically throughout the year to make sure we're on track - or to determine new goals. Sometimes, I find that the goals I laid out for a year are all met before the end of July. Sometimes, not. Funny thing about writing down our "goals" is that they become easier to accomplish.
It doesn't matter what they are - or how "SMART" they are. They need to be YOUR goals.
So what are your goals for the new year?
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
Did you hear me say "goals" in there? Most of us have gotten immune to the word goal. My husband even claims that "plan" is a four-letter word and refuses to do much in the way of planning. Thus, I've had to resort to semantics so that we can "create a strategy" (plan) for the things we want to accomplish (goals).
Some people are so turned off by the word, that I hesitated to use it here. That said, we need to decide what we want to accomplish - what our goals are - before we can finalize our strategy.
Would you like to reach more clients this year? Perhaps you'd prefer to really focus on generating more income from your existing customer base? Maybe you'd like more shows on your calendar - or maybe higer show sales averages?
You can't get what you want, until you know what you want. I think there's a song in there somewhere.
Take some time to really think about the three or four major goals you'd like to hit in your business this year. Take them and spend 3-4 months working on each one. It might be hard to prioritize them, but if you know you want to do an event at the end of the year to reach a new group of customers, make that your focus for that quarter.
This is how strategy is created in a real business. Even though your companies only tell you what's coming up for the next couple of months, they're already working on the holiday catalog for NEXT year! They've got a strategy, a business plan, and they have a direction to help them achieve their goals.
Does this mean we won't 'course correct' along the way? Heavens no. We need to look at our strategy and our plan periodically throughout the year to make sure we're on track - or to determine new goals. Sometimes, I find that the goals I laid out for a year are all met before the end of July. Sometimes, not. Funny thing about writing down our "goals" is that they become easier to accomplish.
It doesn't matter what they are - or how "SMART" they are. They need to be YOUR goals.
So what are your goals for the new year?
© 2009 Lisa Robbin Young.
USE THIS ARTICLE FOR FREE IN PRINT OR ONLINE!
Please do not alter it and include the following information (with active links as appropriate):
Lisa Robbin Young is a certified direct sales marketing coach, teaching direct sellers to grow their business like a real business instead of an expensive hobby. Sign up for her free weekly ezine at http://www.homepartysolution.com
Direct Sales Success: Lessons from 'The Wrong CEO's"
Merry Christmas! Just had to get that in before the article:
On twitter the other day, someone tweeted a post about "celebrating the wrong CEO's". The article, from the Harvard Business Review, talks about the metrics we SHOULD be using when we celebrate the accomplishments of CEO's.
Too often, the media darling of the minute is someone that has made a big success, turnaround, or otherwise made a 'big splash' in the short term.
Instead, the article asserts we should be looking at the integrity of the long-term record of these CEO's - how thay have performed overall - before we start handing out awards and patting them on the back.
I found an immediate correlation to Direct Sales leadership and had to shake my head.
All too often, companies bestow big prizes, gifts and awards on the "top" recruiter, sales leader, etc, and yet, the next year, that same leader is nowhere to be seen in the company hierarchy, let alone in the top rankings of the company. We laud and honor these big achievers, and don't think about the message that's being sent to our teams.
For years, I've used a combination of recogniton to help celebrate the right people, and still encourage leaders (and consultants) to strive to achieve more. Including longevity, consistency and what I like to call "repeat offenders" in the recognition encourages everyone to do their part to grow your organization - AND their own personal business.
I've only seen a handful of Direct Sales/Home Party companies that actually include this kind of recognition at the corporate level, and to me it seems like a no-brainer.
As a business builder, you want people who are in it for the long-haul, yet companies usually offer a 3-month incentive for consultants to stay on board. The industry statistics show that most consultants drop off after abotu 3 months. Belinda Ellsworth is noted for reminding people that at all times "a third are coming, a third are going, and a third are staying". Then what are we doing to encourage retention beyond those first 3 months?
While I didn't have the biggest team in my company, I had a solid team with average longevity of over 2 years, and an attrition rate under 20%. That means for every 10 people I signed up, less than 2 quit and most of them stayed longer than 2 years.
I don't usually talk about those numbers, mostly because I didn't think it was a big deal. But this year, I've realized it's a HUGE deal. There are hundreds, if not tens of thousands of leaders in this industry that are pluggin along, actively working thier business, being consistent, but that will probably not ever be in the top 10 or 20 of their companies. They'll never walk across the stage and win the awards that other leaders will, when THEY are the unsung heroines of most Direct Sales companies. These folks are working their businesses consistently - and isn't that what we want in our business?
I watched this happen first hand in one of my former companies. Sitting at one of my first ever National Conferences, I watched my own leader and her upline teach a class about recruiting - because my leader was the top recruiter for the company that year. What wasn't made public was that she earned that title because she promoted to Director because she transferred half her team from her former company to ours. By the time the next national confernce rolled around, she wasn't even an active consultant anymore, let alone a leader!
And yet, at that conference, we were led to believe she had the golden ticket to promoting to director in less than a year. Well, I don't know about you, but that feels kind of dishonest to me. Our company never remarked about it, and there was never an asterisk placed by her name in the "record books", and yet, we were all talking in hshed tones about how "she didn't really earn that title fairly".
She earned it fairly, she just shouldn't have been the one teaching strategies that she herself didn't use to attain that title. And everyone in the room knew it.
As a consultant, you need to be watching your leaders - even if your leader is MIA. Watch other leaders that are "doing things right" with a track record of longevity. find out what works for them and find ways to incorporate those strategies and tools into your business.
As a leader, you need to be honest with your teams. If you rightfully earned a title, stop fretting about competition, and help them learn how you did it. A rising tide - particularly in direct sales - raises all ships. Plus, they'll be ready to share with you when they are having successes of their own.
As company owners, we need to be looking for ways to recognize our ranks that will inspire others and not put the brass ring out of reach for the workhorses of our company. It's not hard to recognize people who consistently submit shows, regardless of the show size. Or to recognize people who consistenly add one new recruit every month. Leaders should be giving recognition for the daily actions (making the calls, holding the shows), but it's the company responsibility to encourage retention in meaningful ways beyond the almighty dollar.
In fact, the potential cash bonus is usually much less an incentive than the marketing potential of a professionally written press release or feature in the monthly magazine that helps build their crediblity in a way that directly connects them back to your brand in a positive way. It also shows potential recruits that you don't need to be the tops in the division, just consistent - something that is more attainable for more people.
This is a topic I harp on about once a year, but only because I'm so strong a proponent. I know people who tirelessly do everything their leader tells them to, and still get beat out month after month for those top slots. What a great way to recognize them for doing what we really want them to do - build a strong solid business that's designed to last a lifetime.
On twitter the other day, someone tweeted a post about "celebrating the wrong CEO's". The article, from the Harvard Business Review, talks about the metrics we SHOULD be using when we celebrate the accomplishments of CEO's.
Too often, the media darling of the minute is someone that has made a big success, turnaround, or otherwise made a 'big splash' in the short term.
Instead, the article asserts we should be looking at the integrity of the long-term record of these CEO's - how thay have performed overall - before we start handing out awards and patting them on the back.
I found an immediate correlation to Direct Sales leadership and had to shake my head.
All too often, companies bestow big prizes, gifts and awards on the "top" recruiter, sales leader, etc, and yet, the next year, that same leader is nowhere to be seen in the company hierarchy, let alone in the top rankings of the company. We laud and honor these big achievers, and don't think about the message that's being sent to our teams.
For years, I've used a combination of recogniton to help celebrate the right people, and still encourage leaders (and consultants) to strive to achieve more. Including longevity, consistency and what I like to call "repeat offenders" in the recognition encourages everyone to do their part to grow your organization - AND their own personal business.
I've only seen a handful of Direct Sales/Home Party companies that actually include this kind of recognition at the corporate level, and to me it seems like a no-brainer.
As a business builder, you want people who are in it for the long-haul, yet companies usually offer a 3-month incentive for consultants to stay on board. The industry statistics show that most consultants drop off after abotu 3 months. Belinda Ellsworth is noted for reminding people that at all times "a third are coming, a third are going, and a third are staying". Then what are we doing to encourage retention beyond those first 3 months?
While I didn't have the biggest team in my company, I had a solid team with average longevity of over 2 years, and an attrition rate under 20%. That means for every 10 people I signed up, less than 2 quit and most of them stayed longer than 2 years.
I don't usually talk about those numbers, mostly because I didn't think it was a big deal. But this year, I've realized it's a HUGE deal. There are hundreds, if not tens of thousands of leaders in this industry that are pluggin along, actively working thier business, being consistent, but that will probably not ever be in the top 10 or 20 of their companies. They'll never walk across the stage and win the awards that other leaders will, when THEY are the unsung heroines of most Direct Sales companies. These folks are working their businesses consistently - and isn't that what we want in our business?
I watched this happen first hand in one of my former companies. Sitting at one of my first ever National Conferences, I watched my own leader and her upline teach a class about recruiting - because my leader was the top recruiter for the company that year. What wasn't made public was that she earned that title because she promoted to Director because she transferred half her team from her former company to ours. By the time the next national confernce rolled around, she wasn't even an active consultant anymore, let alone a leader!
And yet, at that conference, we were led to believe she had the golden ticket to promoting to director in less than a year. Well, I don't know about you, but that feels kind of dishonest to me. Our company never remarked about it, and there was never an asterisk placed by her name in the "record books", and yet, we were all talking in hshed tones about how "she didn't really earn that title fairly".
She earned it fairly, she just shouldn't have been the one teaching strategies that she herself didn't use to attain that title. And everyone in the room knew it.
As a consultant, you need to be watching your leaders - even if your leader is MIA. Watch other leaders that are "doing things right" with a track record of longevity. find out what works for them and find ways to incorporate those strategies and tools into your business.
As a leader, you need to be honest with your teams. If you rightfully earned a title, stop fretting about competition, and help them learn how you did it. A rising tide - particularly in direct sales - raises all ships. Plus, they'll be ready to share with you when they are having successes of their own.
As company owners, we need to be looking for ways to recognize our ranks that will inspire others and not put the brass ring out of reach for the workhorses of our company. It's not hard to recognize people who consistently submit shows, regardless of the show size. Or to recognize people who consistenly add one new recruit every month. Leaders should be giving recognition for the daily actions (making the calls, holding the shows), but it's the company responsibility to encourage retention in meaningful ways beyond the almighty dollar.
In fact, the potential cash bonus is usually much less an incentive than the marketing potential of a professionally written press release or feature in the monthly magazine that helps build their crediblity in a way that directly connects them back to your brand in a positive way. It also shows potential recruits that you don't need to be the tops in the division, just consistent - something that is more attainable for more people.
This is a topic I harp on about once a year, but only because I'm so strong a proponent. I know people who tirelessly do everything their leader tells them to, and still get beat out month after month for those top slots. What a great way to recognize them for doing what we really want them to do - build a strong solid business that's designed to last a lifetime.
Social Media DON'T: LinkedIn Presentation Blunder
File this in the "Oh NO you DIDN'T!" category...
Some of you may know that I've had a linkedin profile for a while, but never really used it.
I started making a few connections a couple of months ago, and I'm starting to think it was a bad idea.
From what limited info I have about linkedin, you're only supposed to "accept" real people that you know. So that's what I did.
This week, I got a peculiar email from one of my linkedin "contacts".
In essence this person sent me a slide show to review under the guise of getting my professional opinion. This person said they had "just finished" the presentation and wanted to get my honest feedback on it.
OhhhhhhHHHHhhhhh. I don't really think they want my honest feedback, so I'm going to share it publicly so that YOU can learn what went wrong and how you can prevent looking like a total flake when you're using LinkedIn.
1. The presentation was posted over a month ago.
This was not a NEW presentation, which was the first giveaway. If this person reeally wanted help, why wait a whole month to have someone review your presentation?
2. The FIRST Slide was titled "Why is NOW a graet time to join XYZ Co."
Oh NO you DIDN'T! When I clicked through to the person's profile, I saw that this presentation was one of the most viewed presntations on LinkedIn... for obvious reasons. This person was capitalizing on the good nature of people to view the presentation, when in reality the goal was either to get people to join the biz, or to push up the popularity of their presentation. Either way, it's a limy, underhanded tactic, and to use it on smeone in yuor own profession HAD to be one of the most ignorant moves on the planet.
Yep, I'm seething a bit here, but there's more.
3. It was not a personalized invitation.
Now I'm not one to consider myself arrogant, but this person didn't use my name ONCE in the email that I recieved to review the presentation. That tells me I'm just another name on the list getting this email. God knows how many other unsuspecting folks have been hit with this same email. This person played the "I know you're a busy professional, that's why I want your professional opinion" card. Yes, shame on me for clicking through, but if it saves you a world of grief, my work here is done.
4. The entire presentation was TOO wordy.
Since they really asked for my opinion of the persentation, here's the long and short of it. The slides had WAY too many words on most of them. Instead of using them as visuals, they were sales pages, loaded with way more content than you could even READ in the micro-sized format that linkedin offers in the preview pane.
Now I'm pretty verbose myself, so if I think it was wordy, it was REALLY horrible. The slide was so full, it sscrolled off the page! I couldn't even READ the entire story of the company founder - not that I really needed to, or WANTED to. But if I did, I couldn't. This person needs to brush up on Seth Godin's 'Really Bad Powerpoint' Post before composing another presentation.
5. The final slide was a cheesy graphic of themselves with all their contact info.
Now really, if you weren't convinced that this person was actually just trying to recruit me, nothing says it more than the final slide. I mean, seriously, if you're giving a presentation to people that already know you, WHY would you need a whole slide just about you - with contact information too?
Let's get to the heart of the matter. This person was pitching their product/biz opp to anyone with a puls. Granted, these were at least business professionals, so I applaud their desire to work with business builders, but if you're wasting your time in LinkedIn or any other venue (online or off) trying to push your presentation on someone, you need your head examined.
Yep. I'm still seething. But I feel a little better now.
But here's the cherry on top of the sundae: This person is connected to the owners of the direct sales company this person represents.
Everyody say it with me now: TACKY!
Not only is this a horrible reflection on Direct Sellers in general (I've 'dis-connected' myself from this person), but it also means that the company will get a black eye to boot.
This is exactly why we need more online marketing strategists and social media coaches working with direct sellers. At such a critical time, when companies are FINALLY embracing social media (or as Jennifer Fong pointed out, at least they're dipping their toe in), we've got galactic blunders like this hurtling about cyberspace just TRYING to ruin it for everyone else.
So while I doubt this person will EVER see my review of their "presentation", let my advice to you be plain: DO NOT BE THIS PERSON!
Lest you incur my wrath as well. :-)
Some of you may know that I've had a linkedin profile for a while, but never really used it.
I started making a few connections a couple of months ago, and I'm starting to think it was a bad idea.
From what limited info I have about linkedin, you're only supposed to "accept" real people that you know. So that's what I did.
This week, I got a peculiar email from one of my linkedin "contacts".
In essence this person sent me a slide show to review under the guise of getting my professional opinion. This person said they had "just finished" the presentation and wanted to get my honest feedback on it.
OhhhhhhHHHHhhhhh. I don't really think they want my honest feedback, so I'm going to share it publicly so that YOU can learn what went wrong and how you can prevent looking like a total flake when you're using LinkedIn.
1. The presentation was posted over a month ago.
This was not a NEW presentation, which was the first giveaway. If this person reeally wanted help, why wait a whole month to have someone review your presentation?
2. The FIRST Slide was titled "Why is NOW a graet time to join XYZ Co."
Oh NO you DIDN'T! When I clicked through to the person's profile, I saw that this presentation was one of the most viewed presntations on LinkedIn... for obvious reasons. This person was capitalizing on the good nature of people to view the presentation, when in reality the goal was either to get people to join the biz, or to push up the popularity of their presentation. Either way, it's a limy, underhanded tactic, and to use it on smeone in yuor own profession HAD to be one of the most ignorant moves on the planet.
Yep, I'm seething a bit here, but there's more.
3. It was not a personalized invitation.
Now I'm not one to consider myself arrogant, but this person didn't use my name ONCE in the email that I recieved to review the presentation. That tells me I'm just another name on the list getting this email. God knows how many other unsuspecting folks have been hit with this same email. This person played the "I know you're a busy professional, that's why I want your professional opinion" card. Yes, shame on me for clicking through, but if it saves you a world of grief, my work here is done.
4. The entire presentation was TOO wordy.
Since they really asked for my opinion of the persentation, here's the long and short of it. The slides had WAY too many words on most of them. Instead of using them as visuals, they were sales pages, loaded with way more content than you could even READ in the micro-sized format that linkedin offers in the preview pane.
Now I'm pretty verbose myself, so if I think it was wordy, it was REALLY horrible. The slide was so full, it sscrolled off the page! I couldn't even READ the entire story of the company founder - not that I really needed to, or WANTED to. But if I did, I couldn't. This person needs to brush up on Seth Godin's 'Really Bad Powerpoint' Post before composing another presentation.
5. The final slide was a cheesy graphic of themselves with all their contact info.
Now really, if you weren't convinced that this person was actually just trying to recruit me, nothing says it more than the final slide. I mean, seriously, if you're giving a presentation to people that already know you, WHY would you need a whole slide just about you - with contact information too?
Let's get to the heart of the matter. This person was pitching their product/biz opp to anyone with a puls. Granted, these were at least business professionals, so I applaud their desire to work with business builders, but if you're wasting your time in LinkedIn or any other venue (online or off) trying to push your presentation on someone, you need your head examined.
Yep. I'm still seething. But I feel a little better now.
But here's the cherry on top of the sundae: This person is connected to the owners of the direct sales company this person represents.
Everyody say it with me now: TACKY!
Not only is this a horrible reflection on Direct Sellers in general (I've 'dis-connected' myself from this person), but it also means that the company will get a black eye to boot.
This is exactly why we need more online marketing strategists and social media coaches working with direct sellers. At such a critical time, when companies are FINALLY embracing social media (or as Jennifer Fong pointed out, at least they're dipping their toe in), we've got galactic blunders like this hurtling about cyberspace just TRYING to ruin it for everyone else.
So while I doubt this person will EVER see my review of their "presentation", let my advice to you be plain: DO NOT BE THIS PERSON!
Lest you incur my wrath as well. :-)
#shine Wrap-up Finale: What I learned in Vegas
So you've seen my take on the good, bad and ugly at Ali Brown's Shine event. And if you missed it, check my previous posts.
Today, I wanted to boil it all down to what I actually learned and what my "take aways" were from this event.
I was fortunate in that I was able to spend a couple extra days in Vegas processing, filtering, connecting, and getting more clarity on how to apply everything I gleaned before, during and after Shine.
The biggest take away is that you really do get what you take. Everyone went in with so many varied opinions and ideas - some positive, some negative. But ultimately, each person makes an assessment as to whether or not they'd do it all over again. I definitely would go back because so much good came out of this event for me.
But I was looking for the good in the first place. It didn't come in all the ways I expected, or hoped, but there was a TON of value I never would have gotten had I not gone to Vegas.
For example, one of my core values is experiences. I love participating in and creating experiences where people can connect, share, grow and support one another. Love it, love it, LOVE IT. That's been the missing link in my business and my life, and I didn't figure that out until I was in the room watching a half dressed guy spinning heavy metal objects during the opening of the event. It wasn't the spinning guy that thrilled me (really. not my type), but the oohing and aaahing and "illegal" photography that the audience was doing that interested me. You could tell that people were raising their energy, getting excited, and wanting to find something exciting in this event.
It was all about the experience. And while I won't say I'm a seminar junkie, it does explain why I love direct sales so much - creating experiences for clients to really enjoy themselves and feel good about their own lives.
There Are A LOT Of People Looking For Clarity
Most of the women and men I met at Shine were looking or clarity, direction and the "How-to's" to grow their business idea. They are smart, hard working people, trying to "figure it out" - many trying to balance their heart with their head. The answers, most of the time, are already within us - or within arm's reach. And it doesn't have to cost an arm and a leg to get the answers you need. You just need to know where to look.
I like reinventing myself
A couple of weeks prior to shine, I was at a mastermind retreat where I realized that one of the biggest thrills in my life is helping people get that "Ah-HA!" moment of clarity in their life. I've worked with theater owners, authors, actors, direct sellers, designers, small biz owners, and even heads of multi-million dollar companies. Sometimes it's the teeny weeny little idea that gets overlooked that puts everything into perspective.
So I created these "limited edition" business cards positioning myself as an idea coach and professional brainstormer - helping people get clarity or create new ideas to make their business profitable. It felt like being home.
I wasn't pigeon-holed into a niche, I could communicate effortlessly with all kinds of entrepreneurs - including a rocket scientist whilst in the airport - and offer substantive help that got peoples wheels turning.
I Like That! So we've created RentLisasBrain.com where I'll be doing more of that brainstorming and focus work.
People-Watching Pays
From the waitstaff to the sales reps on the main floor of the Venetian, to the other participants in the event, there was a lot to learn just by watching others. The way they carried themselves, what they said, what they DIDN'T say - there was free education all around just by keeping your eyes open.
Never Leave Anything To Chance
Anne McKevitt said this in an off-hand kind of way during her branding presentation, but it stuck with me. And as the event went on, I looked for places where Ali's team worked hard to leave nothing to chance. While we kind of had to work at applying a lot of the hidden lessons from Shine, this one idea gave me some new directions in my own life and business.
Everything Works. You Just Have To Be Tenacious.
Really. It doesn't matter what business model you choose, or how you set everything up. Every strategy that's being taught will work if you apply enough tenacity to it. Granted, some will work better than others, and not everything will be a perfect fit for you, but people wouldn't espouse it if it didn't work.
Which Means, It's Really About Resonance.
So while everything WILL work, finding the thing that resonates most with you is where you'll be most content. Then, even if it's not the most effective idea for others, you'll be happy and productive.
Bluntly, in the Internet Marketing realm, there are experts that tell you the best way to squeeze every dollar out of a prospect is with upsells, downsells, cross sells, and probably diagonal sells if they could figure that out. But most of us don't resonate with that, and "settle" for a happy medium - a balance of content and pitch that makes us feel we're providing value, developing relationships and getting compensated appropriately.
My action plan is to re-design my business around the way I would want to be treated as a customer - and as a human being. It costs more and means harder work, and it's worth it, because I'm proud of the end result, my true fans appreciate me, and they know what effort goes into producing a quality product. It also means more hands-on, personal interaction with me, because that's where I think people get the best results. And since I'm all about results, I wouldn't have it any other way.
Binders Suck
That was probably the second biggest disappointment of Day One. This gorgeous binder was at my seat waiting for me and inside was nothing but lined note paper and a "resource" section that was filled with Ali's products on discount. It felt like such a waste, even after we were given about 20 pages to plug into it.
I've never found a program where "the binder" met my expectations. It always felt like an overpriced way to share the powerpoint slides. So you'll very likely never see me doing any kind of binder.
Now I know from a sales perspective that when you put it in a binder, it's easier for the customer to lose pieces, which prevents refunds. But if I'm truly focused on helping my clients succeed, why do I want them to lose anything? More importantly, if they want to return it, I want to make that as easy as pie - especially in light of the new FTC rulings. I ONLY want to work with people that WANT to work with me and WANT to get results.
If I Build It (And It Rocks) They WILL Come
Out of one side of their mouth, experts tell you that there are industry "standards" about drop off rates, subscriber open rates, and conversion rates. They tell us to expect that kind of stuff. Then out of the other side of their mouth they talk about attracting perfect clients, abundance and the fact that there is only cooperation, not competition.
So if I subscribe to the abundance, attraction notion, it stands to reason that I can have an amazing business filled with people that love my style, my approach, my outlook and my content. The only thing really standing in my way is what I call the "Emperor's New Clothes Syndrome". We keep spinning our wheels when we know something's amiss, because we're told that it worked for someone else, so it should work for us - instead of trusting our instincts and doing what we know resonates more perfectly in our own world.
I've learned that trusting my gut and expecting - nay demanding - more for myself and my clients makes me a hero to my ideal clients. It's harder work, but it's better rewarded. The half-ass approach of doing the minimum brings people to you that want more than the minimum for minimum prices.
One of my lists has about 1700 people on it. Each subscriber on that list is worth over $100 to me (and growing). I learned at Shine that's an incredible value! And I cherish that, because it means that I'm doing all the right things to keep that list responsive and lucrative.
One of the concepts that Napoleon Hill talks about in Think and Grow Rich is doing more than you're paid for. Going above and beyond is expected anymore. Shirking will just cause you to end up with the dregs.
And just like the Field of Dreams, all the players didn't take the field in the beginning. But some of the players told other players, and eventually they DID show up.
Modeling Will Only Take You So Far - Then You've Got to Innovate
Learning from others is a great place to start when you're stuck, or have no idea how to begin. But there comes a point in time when you must break out of the ruts the other wagons have laid down and forge a path of your own. Otherwise, you're just a pale reflection of those that have gone before you.
I think of some of the greatest musicians of all time - they were all inspired by other great musicians. If all they ever did was model their heroes, everyone would be playing Purple Haze exactly the same way.
But when Hendrix played the National Anthem everyone stood up and took notice. Some people liked it, others were in shock, everyone said it was an innovative approach to an "old standard".
So I'm taking time to learn outside my own field and tap into the expertise of others that have nothing to do with my business - some of them long since dead. Newton, Asimov, Picasso, daVinci all are great sources of inspiration to cross- pollinate your brain and get you thinking outside the incestuous relationships within your industry.
Women Overcome
When put to the test, women are amazingly resilient, enduring creatures that put up with a lot of stuff. We're also deceptive, sneaky, tricky and cunning. We can use our powers for good or evil and when we choose good, the effect is exponential, trickling down through societies, permeating cultures, and changing the world.
Aside from the speakers, I met some incredibly remarkable women - some I was already following, and some new faces as well. Each of them has a wonderful gift to share and I'm confident they WILL share it because they are overcomers. Keri's ability to connect quickly makes it clear she's perfectly suited to social media coaching - despite what Anne might say. Jill's gift for writing is clearly evident in her manner of speaking. Cutressa's enthusiasm lights up her space and the lives of everyone around her - I think everyone knew Cutressa by the end of the event. MonSun, my Faerie Godmother, Sabine, and even Nicole (a client I met up with) all left a lasting imprint about who they are, what they want to accomplish in the world, and how they're taking action on getting it done. And they will, because they overcome. Not to neglect the dozens of other women at this event that I met - each was remarkable. And I know each will overcome. It's in their DNA, so to speak.
I Don't Need Permission. I Need Connections.
Kind of self explanatory. I realized that I can be anyone I believe I am - without waiting for confirmation, validation or recognition from some external source, be it a person, mastermind group, coach or other entity living or dead.
There's no "acting as if". I already AM, therefore, it's not acting.
I met a woman who dubbed herself My Faerie Godmother, and she told me things about me I've never shared publicly - and I couldn't explain it away. She told me about my mom, my kid, my husband and all the things I've been trying to live up to - or live down. The buck stops here. Now.
I'm "smarter than the average bear" and don't have to apologize for who I am. There are throngs of people that actually enjoy the part of me I've allowed to really shine through. That means regardless of my shape, size, texture or hair color (and yes it will stay blonde for many months to come), I'm me and that's groovy. I don't need your approval, program, group or seal of authenticity to be me.
What I do need is to continue to connect with people that expand my thinking like that. People that have viewpoints, clarity, confusion, directions, aspirations and energies that are different from my own. It's part of what drives me and helps me thrive.
Good Things Come To He Who Waiteth If He Worketh Like Heck While He Waiteth
This was actually a little plaque that hung over my Grandma's kitchen sink. There is a process to achieving success - an incubation period - and skipping steps only slows you down. Do things right the first time so you don't have to go back and do them again, and quit trying to get ahead of yourself. Life's not a race, it's a cruise. The buffet's pretty tasty and the view is spectacular fro all sides once you leave port.
So many of us are trying to hurry up and get rich/famous/successful, and we forget there's a process to this stuff. Wolfgang Puck was quoted in INC magazine as saying that slow and steady growth is the best way to ensure longevity in the marketplace. He's watched dozens of restaurants come and go that grew three times as fast as he has - and he's the one still standing.
I've been reading a lot of stories about entrepreneurs from the turn of the last century - some you've never even heard of for that very reason. They wanted to grow too fast, and ruined themselves. On the other hand, the prudent, judicious and successful entrepreneurs that are still known to this day, took their time to carefully grow their businesses in ways that would be sustainable. Don't trade a lot of money later for a little money right now.
I Like Being a Blonde
Several followers asked about the choice to go blonde, suggested I go back, and commiserated with me on the grey hair that lurks beneath the surface. The fact of the matter is I enjoy being blonde WAY more than I enjoyed having brown/grey hair, and it will likely stay that way for a long while. I can't say blondes have more fun, but I can say that I'm easier to spot in the crowd, and it's doing for me what I set out to do when I changed the color in the first place. Purple would probably have been just as effective, but I figured that was a little less professional.
I Like Rocking The Boat
Not to be cantankerous, but I like pointing out the stuff that doesn't work. I'm not trying to be a Negative Nelly here - it's not about being negative for negativity's sake. I think there's great value in sharing what works and what doesn't so that people can improve themselves. Not everyone will agree, I'm sure, and that's fine. They're not part of my tribe. Usually when I point out a faux pas, I'm quick to offer a solution if I can find one. That's how my brain is wired. Find a problem, find some solutions, fix it and move on. I'm not going to apologize for that anymore, I'm just going to rock it out!
So that's the gist. There's more, and I'll be sharing stuff as I go along and wriggle out of the new cocoon, but you get the idea of where I'm headed here. Your comments, thoughts and witty remarks are welcome feedback!
Today, I wanted to boil it all down to what I actually learned and what my "take aways" were from this event.
I was fortunate in that I was able to spend a couple extra days in Vegas processing, filtering, connecting, and getting more clarity on how to apply everything I gleaned before, during and after Shine.
The biggest take away is that you really do get what you take. Everyone went in with so many varied opinions and ideas - some positive, some negative. But ultimately, each person makes an assessment as to whether or not they'd do it all over again. I definitely would go back because so much good came out of this event for me.
But I was looking for the good in the first place. It didn't come in all the ways I expected, or hoped, but there was a TON of value I never would have gotten had I not gone to Vegas.
For example, one of my core values is experiences. I love participating in and creating experiences where people can connect, share, grow and support one another. Love it, love it, LOVE IT. That's been the missing link in my business and my life, and I didn't figure that out until I was in the room watching a half dressed guy spinning heavy metal objects during the opening of the event. It wasn't the spinning guy that thrilled me (really. not my type), but the oohing and aaahing and "illegal" photography that the audience was doing that interested me. You could tell that people were raising their energy, getting excited, and wanting to find something exciting in this event.
It was all about the experience. And while I won't say I'm a seminar junkie, it does explain why I love direct sales so much - creating experiences for clients to really enjoy themselves and feel good about their own lives.
There Are A LOT Of People Looking For Clarity
Most of the women and men I met at Shine were looking or clarity, direction and the "How-to's" to grow their business idea. They are smart, hard working people, trying to "figure it out" - many trying to balance their heart with their head. The answers, most of the time, are already within us - or within arm's reach. And it doesn't have to cost an arm and a leg to get the answers you need. You just need to know where to look.
I like reinventing myself
A couple of weeks prior to shine, I was at a mastermind retreat where I realized that one of the biggest thrills in my life is helping people get that "Ah-HA!" moment of clarity in their life. I've worked with theater owners, authors, actors, direct sellers, designers, small biz owners, and even heads of multi-million dollar companies. Sometimes it's the teeny weeny little idea that gets overlooked that puts everything into perspective.
So I created these "limited edition" business cards positioning myself as an idea coach and professional brainstormer - helping people get clarity or create new ideas to make their business profitable. It felt like being home.
I wasn't pigeon-holed into a niche, I could communicate effortlessly with all kinds of entrepreneurs - including a rocket scientist whilst in the airport - and offer substantive help that got peoples wheels turning.
I Like That! So we've created RentLisasBrain.com where I'll be doing more of that brainstorming and focus work.
People-Watching Pays
From the waitstaff to the sales reps on the main floor of the Venetian, to the other participants in the event, there was a lot to learn just by watching others. The way they carried themselves, what they said, what they DIDN'T say - there was free education all around just by keeping your eyes open.
Never Leave Anything To Chance
Anne McKevitt said this in an off-hand kind of way during her branding presentation, but it stuck with me. And as the event went on, I looked for places where Ali's team worked hard to leave nothing to chance. While we kind of had to work at applying a lot of the hidden lessons from Shine, this one idea gave me some new directions in my own life and business.
Everything Works. You Just Have To Be Tenacious.
Really. It doesn't matter what business model you choose, or how you set everything up. Every strategy that's being taught will work if you apply enough tenacity to it. Granted, some will work better than others, and not everything will be a perfect fit for you, but people wouldn't espouse it if it didn't work.
Which Means, It's Really About Resonance.
So while everything WILL work, finding the thing that resonates most with you is where you'll be most content. Then, even if it's not the most effective idea for others, you'll be happy and productive.
Bluntly, in the Internet Marketing realm, there are experts that tell you the best way to squeeze every dollar out of a prospect is with upsells, downsells, cross sells, and probably diagonal sells if they could figure that out. But most of us don't resonate with that, and "settle" for a happy medium - a balance of content and pitch that makes us feel we're providing value, developing relationships and getting compensated appropriately.
My action plan is to re-design my business around the way I would want to be treated as a customer - and as a human being. It costs more and means harder work, and it's worth it, because I'm proud of the end result, my true fans appreciate me, and they know what effort goes into producing a quality product. It also means more hands-on, personal interaction with me, because that's where I think people get the best results. And since I'm all about results, I wouldn't have it any other way.
Binders Suck
That was probably the second biggest disappointment of Day One. This gorgeous binder was at my seat waiting for me and inside was nothing but lined note paper and a "resource" section that was filled with Ali's products on discount. It felt like such a waste, even after we were given about 20 pages to plug into it.
I've never found a program where "the binder" met my expectations. It always felt like an overpriced way to share the powerpoint slides. So you'll very likely never see me doing any kind of binder.
Now I know from a sales perspective that when you put it in a binder, it's easier for the customer to lose pieces, which prevents refunds. But if I'm truly focused on helping my clients succeed, why do I want them to lose anything? More importantly, if they want to return it, I want to make that as easy as pie - especially in light of the new FTC rulings. I ONLY want to work with people that WANT to work with me and WANT to get results.
If I Build It (And It Rocks) They WILL Come
Out of one side of their mouth, experts tell you that there are industry "standards" about drop off rates, subscriber open rates, and conversion rates. They tell us to expect that kind of stuff. Then out of the other side of their mouth they talk about attracting perfect clients, abundance and the fact that there is only cooperation, not competition.
So if I subscribe to the abundance, attraction notion, it stands to reason that I can have an amazing business filled with people that love my style, my approach, my outlook and my content. The only thing really standing in my way is what I call the "Emperor's New Clothes Syndrome". We keep spinning our wheels when we know something's amiss, because we're told that it worked for someone else, so it should work for us - instead of trusting our instincts and doing what we know resonates more perfectly in our own world.
I've learned that trusting my gut and expecting - nay demanding - more for myself and my clients makes me a hero to my ideal clients. It's harder work, but it's better rewarded. The half-ass approach of doing the minimum brings people to you that want more than the minimum for minimum prices.
One of my lists has about 1700 people on it. Each subscriber on that list is worth over $100 to me (and growing). I learned at Shine that's an incredible value! And I cherish that, because it means that I'm doing all the right things to keep that list responsive and lucrative.
One of the concepts that Napoleon Hill talks about in Think and Grow Rich is doing more than you're paid for. Going above and beyond is expected anymore. Shirking will just cause you to end up with the dregs.
And just like the Field of Dreams, all the players didn't take the field in the beginning. But some of the players told other players, and eventually they DID show up.
Modeling Will Only Take You So Far - Then You've Got to Innovate
Learning from others is a great place to start when you're stuck, or have no idea how to begin. But there comes a point in time when you must break out of the ruts the other wagons have laid down and forge a path of your own. Otherwise, you're just a pale reflection of those that have gone before you.
I think of some of the greatest musicians of all time - they were all inspired by other great musicians. If all they ever did was model their heroes, everyone would be playing Purple Haze exactly the same way.
But when Hendrix played the National Anthem everyone stood up and took notice. Some people liked it, others were in shock, everyone said it was an innovative approach to an "old standard".
So I'm taking time to learn outside my own field and tap into the expertise of others that have nothing to do with my business - some of them long since dead. Newton, Asimov, Picasso, daVinci all are great sources of inspiration to cross- pollinate your brain and get you thinking outside the incestuous relationships within your industry.
Women Overcome
When put to the test, women are amazingly resilient, enduring creatures that put up with a lot of stuff. We're also deceptive, sneaky, tricky and cunning. We can use our powers for good or evil and when we choose good, the effect is exponential, trickling down through societies, permeating cultures, and changing the world.
Aside from the speakers, I met some incredibly remarkable women - some I was already following, and some new faces as well. Each of them has a wonderful gift to share and I'm confident they WILL share it because they are overcomers. Keri's ability to connect quickly makes it clear she's perfectly suited to social media coaching - despite what Anne might say. Jill's gift for writing is clearly evident in her manner of speaking. Cutressa's enthusiasm lights up her space and the lives of everyone around her - I think everyone knew Cutressa by the end of the event. MonSun, my Faerie Godmother, Sabine, and even Nicole (a client I met up with) all left a lasting imprint about who they are, what they want to accomplish in the world, and how they're taking action on getting it done. And they will, because they overcome. Not to neglect the dozens of other women at this event that I met - each was remarkable. And I know each will overcome. It's in their DNA, so to speak.
I Don't Need Permission. I Need Connections.
Kind of self explanatory. I realized that I can be anyone I believe I am - without waiting for confirmation, validation or recognition from some external source, be it a person, mastermind group, coach or other entity living or dead.
There's no "acting as if". I already AM, therefore, it's not acting.
I met a woman who dubbed herself My Faerie Godmother, and she told me things about me I've never shared publicly - and I couldn't explain it away. She told me about my mom, my kid, my husband and all the things I've been trying to live up to - or live down. The buck stops here. Now.
I'm "smarter than the average bear" and don't have to apologize for who I am. There are throngs of people that actually enjoy the part of me I've allowed to really shine through. That means regardless of my shape, size, texture or hair color (and yes it will stay blonde for many months to come), I'm me and that's groovy. I don't need your approval, program, group or seal of authenticity to be me.
What I do need is to continue to connect with people that expand my thinking like that. People that have viewpoints, clarity, confusion, directions, aspirations and energies that are different from my own. It's part of what drives me and helps me thrive.
Good Things Come To He Who Waiteth If He Worketh Like Heck While He Waiteth
This was actually a little plaque that hung over my Grandma's kitchen sink. There is a process to achieving success - an incubation period - and skipping steps only slows you down. Do things right the first time so you don't have to go back and do them again, and quit trying to get ahead of yourself. Life's not a race, it's a cruise. The buffet's pretty tasty and the view is spectacular fro all sides once you leave port.
So many of us are trying to hurry up and get rich/famous/successful, and we forget there's a process to this stuff. Wolfgang Puck was quoted in INC magazine as saying that slow and steady growth is the best way to ensure longevity in the marketplace. He's watched dozens of restaurants come and go that grew three times as fast as he has - and he's the one still standing.
I've been reading a lot of stories about entrepreneurs from the turn of the last century - some you've never even heard of for that very reason. They wanted to grow too fast, and ruined themselves. On the other hand, the prudent, judicious and successful entrepreneurs that are still known to this day, took their time to carefully grow their businesses in ways that would be sustainable. Don't trade a lot of money later for a little money right now.
I Like Being a Blonde
Several followers asked about the choice to go blonde, suggested I go back, and commiserated with me on the grey hair that lurks beneath the surface. The fact of the matter is I enjoy being blonde WAY more than I enjoyed having brown/grey hair, and it will likely stay that way for a long while. I can't say blondes have more fun, but I can say that I'm easier to spot in the crowd, and it's doing for me what I set out to do when I changed the color in the first place. Purple would probably have been just as effective, but I figured that was a little less professional.
I Like Rocking The Boat
Not to be cantankerous, but I like pointing out the stuff that doesn't work. I'm not trying to be a Negative Nelly here - it's not about being negative for negativity's sake. I think there's great value in sharing what works and what doesn't so that people can improve themselves. Not everyone will agree, I'm sure, and that's fine. They're not part of my tribe. Usually when I point out a faux pas, I'm quick to offer a solution if I can find one. That's how my brain is wired. Find a problem, find some solutions, fix it and move on. I'm not going to apologize for that anymore, I'm just going to rock it out!
So that's the gist. There's more, and I'll be sharing stuff as I go along and wriggle out of the new cocoon, but you get the idea of where I'm headed here. Your comments, thoughts and witty remarks are welcome feedback!
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