Across the board, I am seeing a lot of mistakes made with inventory orders. I am sure we have all been there. I know I have made a mistake here and there. I’ve decided to dedicate this post to helpful ideas and tips for placing inventory orders–from the initial order to restocking orders. We don’t want to order more than we can handle, but we don’t want to come up short either. Which is better? In my opinion, I think it’s OK to come up short. I do think it is smart business practice to have an inventory, but there are good ways and bad ways to achieve inventory. Here, I am going to make some suggestions that I feel are useful for keeping inventory under control and manageable–both product-wise and money-wise. (more…)
There seems to be at times, a misunderstanding of what constitutes a loss and what it means to profit from this business. I’m going to do my utmost best to make this clear. This is going to be an outline of what to expect if you decide to stock some inventory. I have a feeling that the majority of people reading this already know this; however, you never really know who’s reading so I’m going to post it. This information can also be very helpful when talking to new team members about the inventory options and giving them a clearer picture of what to expect. This also may help to relieve worries of those who may feel they have too much inventory or what not.
I also would like to point out that I’m going to show this from the point of view of someone, like myself, who starts this business as a hobby that can make some money. This reflects someone who may not be confident in their ability to sell a product and are starting out seriously, yet allowing time for growth. (more…)
This came in my email from Unit Coach. If you like their stuff, you can visit their website and sign up for the newsletter.
“Building Passive Income”
What tasks are you doing right now in your business that will bring you an income for the rest of your life? That’s a heady thought. As you go about your day selling and recruiting, you are probably focused on the immediate benefit of finding the perfect customer or consultant.
But the payoff is much bigger than you can imagine.
Most people spend their days trading time for money. They work 8 hours and their employer pays them an hourly wage or a salary to compensate them for their time. End of story. There is no long term benefit, at least not one that will continue to pay them over and over again for each hour of work that they invested.
Your business is not a 9 - 5 job. You don’t work three hours and get compensated for three hours. Sometimes you work fifty hours without getting paid at all. And shortly after that, you may work just one hour and get paid for a hundred. If you are used to an “employee” mindset, this business of being paid for your “investment of time” instead of just for the actual time itself takes a little getting used to. (more…)
This website is a great tool for you whether you are brand new trying to determine inventory options, or if you’ve been in the biz awhile and are thinking of increasing your income! Basically, what it does is creates an outline of your weekly acitivities based upon the information you give it. The site asks how many hours per week you are willing to dedicate to your business, how much gross profit you hope to earn, and what motivates you in your business. check it out!
This is a training presentation given by my Director’s Senior Director. I think it is EXCELLENT advice for managing a home-based business–no matter what the product is!
MAKING CENTS OF IT ALL
Consumer Debt: you purchase something which immediately loses value once you leave the store.
Business Investment: you invest in a money making venture where you earn a “return” on that investment greater than what you put in. (we make 100% return on investment!)
First Step:
Have $ to manage! This comes from keeping the main thing the main thing. Your “job” in Mary Kay is to put this product on women’s faces. When you do your job you will have money. Even McDonald’s won’t pay you if you don’t show up to work. (more…)
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There seems to be at times, a misunderstanding of what constitutes a loss and what it means to profit from this business. I’m going to do my utmost best to make this clear. 
This is going to be an outline of what to expect if you decide to stock some inventory. I have a feeling that the majority of people reading this already know this; however, you never really know who’s reading so I’m going to post it. This information can also be very helpful when talking to new team members about the inventory options and giving them a clearer picture of what to expect. This also may help to relieve worries of those who may feel they have too much inventory or what not.
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