Even though, we're just starting to see the April showers and early flowers, now is the time to start planning out your Summer business schedule.
If it seems this year as though I'm harping on planning, there's a method to my madness. We've just wrapped up the first quarter of the year. Nearly 1/3 of 2010 is GONE, and what do you have to show for it in your direct sales business?
Bookings beget bookings, and if your calendar is looking thin now, imagine how barren it will be come July!
The school year is coming to an end, and families are planning their vacations, getaways and summer activities now. As a business owner, you need to be on their radar, and plant the seed now that a Summer show is just the ticket to reconnect, relax, and enjoy good times with friends.
Contact the hosts from last Summer now, and give them first dibs on your calendar. Just like Christmas, you can have a full Summer schedule if you give people plenty of notice. In my business, I rarely booked a show closer than 3 weeks out because I need that time to get out invitations, and do effective hostess coaching. The exception to this was repeat hosts. They are usually already schooled on how I run my business, and are quick to get all my show requirements (like guest lists) back to me in plenty of time for the event.
Repeat hosts are your best testimonials, because they liked your work enough to invite you back! You owe it to yourself to reward them with the best spots in your calendar.
Words to say:
"Hi Sally, this is Lisa (with ABC company). I'm planning now for my summer schedule. It may be a little early yet, but I know that my most successful parties are the ones that are planned in advance. Since you're one of my repeat hosts, I want to say thank you by giving you first dibs on my Summer show calendar. You held a Chocolate Lover's party last June and it was such a blast. What theme would you like to try this year?"
Assume the booking. Your repeat hosts already know you do business, and know what to expect from you. If they're not interested, they'll tell you right away. Instead, assume they love you so much they want to repeat that amazing experience they had last year. Build up the excitement and re-establish the emotional high they had at their last party by mentioning positive memorable moments from the last party. It's a psychological trigger that puts them in a positive frame of mind to book their next show with you.
If you're new to Direct Sales, or re-starting your business like many teachers I know, it's even more imperative that you start now to secure shows for your Summer calendar. Consider asking one of the parents from your child's class to host a get-together during the Summer. Or better yet, host your own and double dip on host benefits as well as your consultant income. An early summer barbecue can have the guys hanging out at the grill, the kids playing in the back yard, and the women shopping from their seat in the comfort of your home. Worried that your house is too small? Host a series of parties to invite your child's best friends over a few at a time.
Summer events are also a great way to bring in new business. If you sell a product that you can demonstrate, consider teaching a course during the summer related to your product line. Renting a small hotel conference room or even a large dining room in a restaurant can bring in new customers interested in learning the how-to of your product, and lead to big sales at the end of the session. Just be sure that the focus of the class is not selling stuff, but teaching skills. Not only can you generate revenue from the sales of products, but also from registration fees from the class. Check with your local community education office for opportunities to share your expertise there as well. Many of the Summer session classes are being decided right now.
However you choose to grow your business this summer, now is the time to start planning. Look at your own family commitments and decide when you're available to work your direct sales business. Being in business for yourself gives you some flexibility, but if you let the entire Summer pass you by, you'll miss out on a great income potential as well as those highly-coveted fall bookings. For a great Fall, you need a great Summer, and Summer selling starts by booking shows now.
© 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/
Showing posts with label direct sales. Show all posts
Showing posts with label direct sales. Show all posts
In Direct Sales: 5 Tips to Save on Your Taxes
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/
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/
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 Leadership: Lead to Succeed
We're hot and heavy into the Small Biz Super Summit (formerly the Direct Sales Super Summit) and I'm excited to share the stage tonight with Nicki Keohohou from the Direct Selling Women's Alliance (DSWA). Our conversation looks at the traits that are so necessary to build a successful organization in direct sales. But it's a conversation suited to anyone looking to assume a leadership role in their business.
Whether you're an army of one or a seasoned leader with thousands of people in your organization, in my opinion, there are commonalities that all successful leaders share:
But Nicki says there are 6 skills that every leader must possess. I'm anxious to learn more tonight and share her thoughts at the Super Summit. If you'd like to hear from Nicki, there's still time.
http://www.smallbizsupersummit.com/
We'd love to have you on the call!
Whether you're an army of one or a seasoned leader with thousands of people in your organization, in my opinion, there are commonalities that all successful leaders share:
- The ability to engage the emotions of their team. It's not enough to know the "why" that encourages people to join your team in the first place, you also need to understand the "what" that almost FORCES them to stick around. When you engage with your team at this deep emotional level, your entire organization will thrive and achieve more.
- The ability to ask the right questions. Throw out the "yes/no" questions, and spend time digging into the heart of any issue your team faces: recruiting, bookings, sales. "How can I get more bookings on my calendar?" The answer often lies in the very questions your team asks. "Well, what are you presently doing, and what HAVEN'T you tried?"
- Being accountable, but not responsible. As a leader, it's your job to provide tools and resources - to lead a horse to water, so to speak. It's not your responsibility to "make them drink". You can't want their success more than they do.You have to remain committed to helping them, without being attached to the outcome of the effort they invest in their business. You are accountable to your entire team to provide help. THEY are responsible for taking advantage of the help you provide.
- Not having all the answers. Leaders aren't charged with knowing everything - they are charged with knowing enough. Leaders need to know enough to point team members in the right direction. They are to serve as a resource or connecting point and to help empower others on the team to fulfill their areas of expertise and share them with the organization. No one person can know everything, and to expect that of yourself as a leader will only slow you down.
But Nicki says there are 6 skills that every leader must possess. I'm anxious to learn more tonight and share her thoughts at the Super Summit. If you'd like to hear from Nicki, there's still time.
http://www.smallbizsupersummit.com/
We'd love to have you on the call!
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.
Direct Sales Success: Do You Feel Lucky?
With St. Patty's Day just around the corner, I thought it fitting to talk about being 'lucky' in your direct sales business. In truth, there's relatively little about direct sales that happens because of luck - specifically when it comes to being a leader.
In direct sales, there are all kinds of leaders, but nothing bugs me more than an 'accidental leader'.
These are the people that don't have a clue how they managed to achieve leadership. And leadership doesn't mean a title or a rank. It means anytime the consultant excels and is recognized for setting the pace. They can't tell you what they did to become successful, or share with you the secrets to their success.
It doesn't bother me that they have secrets. What bothers me is that they think they somehow got 'lucky' and success just fell into their lap.
Luck doesn't just happen. Seneca said "Luck is what happens when preparation meets opportunity."
Indeed. There's a lot of preparation that goes on while we're waiting for that lucky break. We're putting together host packets, attending training meetings, learning about our products, and sharing that knowledge and enthusiasm with others.
So it always kind of irks me when a leader is asked how they won that prize, or how they achieved a goal and the answer comes back "I really don't know", or my favorite "I just talked to everybody."
The problem is that these accidental leaders are misinterpreting the question. They think people are looking for some ancient Chinese secret to success - when in reality, they were just being consistent in their business.
I know, that's about as sexy as quarterly planning, but hear me out on this. I recently sat down with Nicki Keohohou from the DSWA, and we talked a bit about the qualities of a leader. There's no magic pill here, it's about consistency, quality, and a commitment to excellence that permeates your entire organization.
The correct answer may not be glamorous, but there's nothing wrong with telling the truth:
"I held nine shows and booked three shows from each of those shows. I hostess coached like I was trained, and my shows averaged $550. So I was selling about $5000 a month, which just happened to be more than what everyone else did last month. If there's any luck, it's because no one else had a $5000 month, but you guys could all do what I just did. It's not magic. I don't have a lucky charm or anything like that."
People may not think it's a sexy answer, but there's nothing wrong with sharing the fact that direct sales is a business, and you have to work it like a business if you want to get paid like a business.
If more consultants and leaders were transparent about the work that was involved in being successful, we'd probably have fewer recruits looking for a magic pill. The recruits we DID have, would probably be more productive.
© 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/
In direct sales, there are all kinds of leaders, but nothing bugs me more than an 'accidental leader'.
These are the people that don't have a clue how they managed to achieve leadership. And leadership doesn't mean a title or a rank. It means anytime the consultant excels and is recognized for setting the pace. They can't tell you what they did to become successful, or share with you the secrets to their success.
It doesn't bother me that they have secrets. What bothers me is that they think they somehow got 'lucky' and success just fell into their lap.
Luck doesn't just happen. Seneca said "Luck is what happens when preparation meets opportunity."
Indeed. There's a lot of preparation that goes on while we're waiting for that lucky break. We're putting together host packets, attending training meetings, learning about our products, and sharing that knowledge and enthusiasm with others.
So it always kind of irks me when a leader is asked how they won that prize, or how they achieved a goal and the answer comes back "I really don't know", or my favorite "I just talked to everybody."
The problem is that these accidental leaders are misinterpreting the question. They think people are looking for some ancient Chinese secret to success - when in reality, they were just being consistent in their business.
I know, that's about as sexy as quarterly planning, but hear me out on this. I recently sat down with Nicki Keohohou from the DSWA, and we talked a bit about the qualities of a leader. There's no magic pill here, it's about consistency, quality, and a commitment to excellence that permeates your entire organization.
The correct answer may not be glamorous, but there's nothing wrong with telling the truth:
"I held nine shows and booked three shows from each of those shows. I hostess coached like I was trained, and my shows averaged $550. So I was selling about $5000 a month, which just happened to be more than what everyone else did last month. If there's any luck, it's because no one else had a $5000 month, but you guys could all do what I just did. It's not magic. I don't have a lucky charm or anything like that."
People may not think it's a sexy answer, but there's nothing wrong with sharing the fact that direct sales is a business, and you have to work it like a business if you want to get paid like a business.
If more consultants and leaders were transparent about the work that was involved in being successful, we'd probably have fewer recruits looking for a magic pill. The recruits we DID have, would probably be more productive.
© 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 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: Know Your Averages
In baseball, one of the key metrics used to determine a player's ability is their batting average.
The league leaders have an average around .350, which means for every 10 times at the plate, they hit the ball and get on base 3.5 times. Sixty-five times out of a hundred, they don't make it to first base.
And those are the league leaders!
Pitchers have a comparable measurement - the Earned Run Average (ERA). This statistic measures the number of runs in a game that are "credited" to the pitcher. In essence, these are the runs he gave up as a pitcher. The lower the number, the better the pitcher.
The league leaders fall in the 2.1-3.5 range. That means that even the best pitchers are giving up a few runs each time they take the field.
What about you? In the game (and business) of direct sales, you need to be tracking your own averages. In fact, there are 3 critical averages that you must track if you want to improve your business on a consistent basis - regardless of the economy. They are:
1. Your Show Sales Average (SSA). This metric tells you exactly what you can expect from every show you do. If you know that you're averaging about $350 in sales at each show you do, you can predict with a fair amount of certainty how much income you'll earn in a given month. You'll also be able to strategize ways to improve your show income. If you don't know your SSA, however, you'll always be guessing from one month to the next about how your income will look.
The SSA is an easy number to calculate. Take the total show sales you've had in a given period of time (a year is best) and divide it by the total number of shows you held to get those sales. Don't count individual sales or online income unless they are part of a show you can track. Just sales from shows and the total number of shows. If fifteen shows resulted in $15,000, you have a $1,000 show average. If fifteen shows resulted in $1500, you have a $100 show average. Your results will likely fall somewhere in the middle of hose two extremes. If you don't do shows, calculate your one-on-one's. Same math, different figures.
2. Your Bookings Per Show (BPS). This metric indicates the longevity of your business. If you consistently get 2-3 bookings per show, you have a healthy business that will continue to propagate itself with new parties. If you consistently book 1-2 parties per show, you're going to have a more difficult time keeping your calendar full. When you know this metric, you can start to take a look at the reasons for your booking success (or challenges). Sometimes, it's a matter of changing your verbiage at the party. Sometimes you realize you haven't been giving a booking talk at all. Sometimes, you hit on just the right combination of fun and education that gets people excited to want to book a show with you.
You can calculate your BPS almot as simply as your SSA. Simply add up the total number of bookings you've gotten in the past year (or 6 months), and divide by the number of shows from which they came. You are counting totals, not JUST the shows that held. Be honest with yourself. If you booked 10 shows and only 4 held, that's a different metric. We want to track the total number of bookings from each show.
This does bring up an interesting discovery. If you find you're booking a lot of shows but they aren't holding, chances are good there's a problem with hostess coaching or follow up. Or you're working with flaky people. Both problems can be easily solved with a little coaching. But you can't solve either problem if you don't know your BPS.
3. Your Recruiting Interview Percentage (RIP). This metric tells you how many recruits youll be adding to your team. This metric is a little more complex, because it's actually made up of TWO mathematical equations. First, you need the total number of guests/clients you've worked with in a given period of time. This can be a challenge, so when you first start tracking this metric, begin with the total number of guests at your shows. Over time you'll need to add in all the other people you share recruiting info with, but for now, stick with something a little easier to track. How many recruiting interviews are you scheduling from each show? Divide the number of recruiting appointments by the number of guests. This is your scheduling rate. Save that number for the next step.
Now look at your recruiting appointments. How many of them actually result in a new consultant joining the team? Take the scheduling rate from step one and divide it by this number. Now you have a percentage you can work with. For every hundred people you meet, that's the number of people that will likely join your team on average.
Let's look at an example. If you have 150 guests in a given month, and schedule 10 recruit interviews, you have a 6.6% scheduling rate. Of those 10 interviews, only 3 join the team. That means you have a 2.2% Recruiting Interview Percentage. For every 100 people you meet at shows, etc, 2.2 of them are likely to join your team.
Once you know these numbers, you can begin to see how easy it is to stay motivated. If you knew with a fair amount of certainty that you could turn 2 out of every 100 people into new recruits, you're much more likely to approach those 100 people in the first place. You're also much more inspired to want to IMPROVE that percentage so that you're not working quite as hard from the get-go.
When you keep close tabs on what I call "the BIG 3" in your business, you'll have a more consistent, stable income, with the power and ability to keep it growing, right at your fingertips.
© 2010 Lisa Robbin Young.
==========
If you're interested in hearing more about the BIG 3, I will be chatting with Carrie Wilkerson on this topic during her Barefoot Bootcamp 2.0 happening this month. Yes, that's my affiliate link, but the videos are free, and very informative. I hope you'll check it out. Plus, if you sign up through my link for the event, you'll also get free access to my OWN Direct Sales Super Summit coming up in March!
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 league leaders have an average around .350, which means for every 10 times at the plate, they hit the ball and get on base 3.5 times. Sixty-five times out of a hundred, they don't make it to first base.
And those are the league leaders!
Pitchers have a comparable measurement - the Earned Run Average (ERA). This statistic measures the number of runs in a game that are "credited" to the pitcher. In essence, these are the runs he gave up as a pitcher. The lower the number, the better the pitcher.
The league leaders fall in the 2.1-3.5 range. That means that even the best pitchers are giving up a few runs each time they take the field.
What about you? In the game (and business) of direct sales, you need to be tracking your own averages. In fact, there are 3 critical averages that you must track if you want to improve your business on a consistent basis - regardless of the economy. They are:
1. Your Show Sales Average (SSA). This metric tells you exactly what you can expect from every show you do. If you know that you're averaging about $350 in sales at each show you do, you can predict with a fair amount of certainty how much income you'll earn in a given month. You'll also be able to strategize ways to improve your show income. If you don't know your SSA, however, you'll always be guessing from one month to the next about how your income will look.
The SSA is an easy number to calculate. Take the total show sales you've had in a given period of time (a year is best) and divide it by the total number of shows you held to get those sales. Don't count individual sales or online income unless they are part of a show you can track. Just sales from shows and the total number of shows. If fifteen shows resulted in $15,000, you have a $1,000 show average. If fifteen shows resulted in $1500, you have a $100 show average. Your results will likely fall somewhere in the middle of hose two extremes. If you don't do shows, calculate your one-on-one's. Same math, different figures.
2. Your Bookings Per Show (BPS). This metric indicates the longevity of your business. If you consistently get 2-3 bookings per show, you have a healthy business that will continue to propagate itself with new parties. If you consistently book 1-2 parties per show, you're going to have a more difficult time keeping your calendar full. When you know this metric, you can start to take a look at the reasons for your booking success (or challenges). Sometimes, it's a matter of changing your verbiage at the party. Sometimes you realize you haven't been giving a booking talk at all. Sometimes, you hit on just the right combination of fun and education that gets people excited to want to book a show with you.
You can calculate your BPS almot as simply as your SSA. Simply add up the total number of bookings you've gotten in the past year (or 6 months), and divide by the number of shows from which they came. You are counting totals, not JUST the shows that held. Be honest with yourself. If you booked 10 shows and only 4 held, that's a different metric. We want to track the total number of bookings from each show.
This does bring up an interesting discovery. If you find you're booking a lot of shows but they aren't holding, chances are good there's a problem with hostess coaching or follow up. Or you're working with flaky people. Both problems can be easily solved with a little coaching. But you can't solve either problem if you don't know your BPS.
3. Your Recruiting Interview Percentage (RIP). This metric tells you how many recruits youll be adding to your team. This metric is a little more complex, because it's actually made up of TWO mathematical equations. First, you need the total number of guests/clients you've worked with in a given period of time. This can be a challenge, so when you first start tracking this metric, begin with the total number of guests at your shows. Over time you'll need to add in all the other people you share recruiting info with, but for now, stick with something a little easier to track. How many recruiting interviews are you scheduling from each show? Divide the number of recruiting appointments by the number of guests. This is your scheduling rate. Save that number for the next step.
Now look at your recruiting appointments. How many of them actually result in a new consultant joining the team? Take the scheduling rate from step one and divide it by this number. Now you have a percentage you can work with. For every hundred people you meet, that's the number of people that will likely join your team on average.
Let's look at an example. If you have 150 guests in a given month, and schedule 10 recruit interviews, you have a 6.6% scheduling rate. Of those 10 interviews, only 3 join the team. That means you have a 2.2% Recruiting Interview Percentage. For every 100 people you meet at shows, etc, 2.2 of them are likely to join your team.
Once you know these numbers, you can begin to see how easy it is to stay motivated. If you knew with a fair amount of certainty that you could turn 2 out of every 100 people into new recruits, you're much more likely to approach those 100 people in the first place. You're also much more inspired to want to IMPROVE that percentage so that you're not working quite as hard from the get-go.
When you keep close tabs on what I call "the BIG 3" in your business, you'll have a more consistent, stable income, with the power and ability to keep it growing, right at your fingertips.
© 2010 Lisa Robbin Young.
==========
If you're interested in hearing more about the BIG 3, I will be chatting with Carrie Wilkerson on this topic during her Barefoot Bootcamp 2.0 happening this month. Yes, that's my affiliate link, but the videos are free, and very informative. I hope you'll check it out. Plus, if you sign up through my link for the event, you'll also get free access to my OWN Direct Sales Super Summit coming up in March!
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
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