THESE ARE SOME GREAT EMAILS I GET FROM THE SUCCESS FACTORY — ENJOY!!!

SUBJECT: $$ Saving Quick Tip #1

Today we start a new “mini-series” on saving money. Over the years, we have watched with dismay as some consultants abandon their party plan business far too quickly. “I wasn’t making enough money”, can be a common complaint. In our next several emails we will give some practical tips on how you can make more and spend less in your party plan business.

 Tip #1 Give it time! Most accountants will tell you that a new business takes 3-5 years to be truly profitable. In the party plan business, that cycle is far shorter. Give your business at least a year, preferably two, before declaring it unprofitable. In our organizations, we have reaped many of the rewards of ‘seeds’ that were planted by consultants who chose not to stay in the business long enough to enjoy the ‘fruits’ of their labors.

******************************************************************************SUBJECT: $$ Saving Quick Tip #2

Tip #2 Feed your mind…but do not break the bank. In this business, feeding your mind is one of the keys to staying on track, motivated and educated. Remember, that your local library is a resource available to all. A library card opens the door to valuable books, tapes, CD’s, magazine articles and internet access and the best thing is that it is FREE! 

If your upline or recruiter is local to your area, she may also be a source of books, tapes and CD’s such as the ones available through The Success Factory. (Always be respectful of returning these resources to her as she has most likely invested in them for the benefit of others on the team as well.)

******************************************************************************Subject: $$ Saving Tip #3 

Tip #3 – How are you choosing to re-invest the money you earn?  The rule of thumb is to ‘re-invest’ no more than 25% of your earnings back into your business. Make wise choices when reinvesting. 

Here are our thoughts on good vs. not so great ideas for ‘re-investment’ of funds: 

      Good choices…

o       Conventions and seminars – HOWEVER… be committed to using to the tips and ideas that you gather at these events to grow your organization, sales and income! When you do this, you will find that the investment that you made will pay back ten times over.

o       CATALOGS…Better and bigger than a business card, but only as good as the follow-up you do! 

o       Bulk mailings…again, only as effective as the follow up phone calls!

o       CANI (Constant and Never Ending Improvement) – Feeding your mind and slowly building a library to help feed your team’s mind.

o       Magnetic business cards vs. traditional business cards. Shop for the best price, but magnetic business cards will bring back business MUCH more frequently than a paper business card. 

      Not so great choices…

o       Too much inventory on hand. Now this we realize can vary depending on your company (consumables can be a different).  We are talking about regularly purchasing inventory in order to earn company promotions. A wise accountant once said, “Inventory is just money sitting on the shelf and it doesn’t pay bills!”

o       Giving ‘extra’ hostess gifts. Most hostess plans are lucrative enough on their own. Sell that at your parties! Extra gifts subliminally send the message that your company’s hostess plan isn’t rich enough and can send a message to prospective recruits that it costs a lot of money to run a party plan business.

o       Fliers for your neighborhood…cost is your time and $$ spent on ink and paper. Return is usually less than 1%. The personal touch is always best!

o       Advertising in general – like going to Las Vegas and gambling. Sometimes you win and sometimes you lose. You have to be able to afford to make nothing on an ad before running it.

o       Bulk mailings with no phone work involved.

·         “Logo wear”…ok in moderation, but wearing the logo does not make the sale, book the party or recruit the prospect.

************************************************************************

Subject: $$ Saving Quick Tip #4             

Did you know that guests at parties give back RED pens? Think about that the next time you shop for office supplies!

******************************************************************************

$$ Saving Quick Tip #5

If you use and recycle pocket folders for guests at your parties, consider using manila file folder containing a catalog and order form at your parties. They are cheap (about 3 cents each) and something you WANT them to take with them. On the tab, print a label with your name, phone number and email address. They can take it home and file it with their important papers so they always know how to get in touch with you for future orders.

******************************************************************************

SUBJECT: $$ Saving tip #6 

Avoid spending extra money and time reshipping items to customers. Most companies will drop ship catalog orders directly to the customer. 

When you do need to reship, if you can, save old packaging and bubble wrap or peanuts from orders you have received at home. Avoid costly “mail it” services. Taking items to the post office or shipping UPS or FEDEX ground (depending on the weight of the item), is the most economical way to reship. Use the internet to websites of these services to “shop” for the best price for the package you are sending.