If you are thinking about or are in the midst of creating a new party plan or MLM company, you may be wondering if you need a business plan. A business plan is like a road map to a specific destination. You’re more likely to get to your destination if you have a map (or…
Ask Victoria: Can You Suggest a Great Gift?
The holiday rush is on and you have been wondering what to get your wife, your husband… Oh wait, what about you? Throughout the year, we have spouses call us to ask about our services and how we may help their loved ones. While we provide a wide range of consulting services, my first response…
Carrot or Stick: Retail Customers for Network Marketing Companies
One of the differences between some network marketing companies and pyramid schemes is the presence of customers who don’t participate in the income opportunity. For many network marketing companies, however, there are very few retail customers who aren’t also independent representatives. In the Omnitrition, Trek Alliance, and Equinox cases, courts found problems with the payment…
How Are Direct Selling Executives Just Like Airline Pilots?
Just like an airplane pilot, operators of direct selling businesses need to have an accurate set of gauges. Do you have all the information you need to run your business? If not, you’re flying partly in the dark!
Retail Customers Anyone?
Party plan companies have always generated a large percentage of their sales from purchases by retail customers. Retail customers, by definition, are non-participants in the income opportunity. Network marketing companies, on the other hand, traditionally have sold their products mostly to distributors. In fact, some network marketing companies don’t even have retail customer prices. Others…
Ask Victoria: When Is The Best Time To Acquire MLM Software?
As you move forward to build your network marketing or party plan company, you’re probably thinking about sourcing MLM software. Your choice of a software provider is one of those big and important decisions that you need to make carefully and at the right time. So, when is the best time to acquire your MLM…
Ask Victoria: When can I use another company’s compensation plan?
If you are considering using another company’s compensation plan, exactly the same or with a few changes, I would ask you these questions: Are your 1. total budget for field compensation 2. understanding of different types of compensation plans identical as compared to those of the other company? Are your 3. products…