There are many types of party plan companies that offer great opportunities to earn excellent money. The arrival of the industry helped to make people more motivated about being in control of their financial future. Party Plan companies are everywhere, selling everything from candles and home décor to dkin care and color cosmetics.
|Find the Company that is Right for you!|
There are hundreds of thousands of companies that pop up every day, presenting limitless possibilities and ideas of instant gratification and living the dream life. The downfall to this business model is that there are a multitude of companies that exist today and you have to sort through many of them to see the true businesses from the frauds. Distinguishing the real from the sham is daunting but it is the difference from making money in a legitimate business to doing something illegal like hosting a pyramid scheme. For your information, a legitmate party plan business offers great products for sale whereas a pyramid scheme only offers the opportunity to make money by selling the opportunity to make money.
. The party plan industry is a thriving industry, but it is important to note that whenever you have opportunities to invest a minimal amount of money to potentially earn thousands of dollars in a short period of time, there will be external forces (usually family and friends) who will attempt to stop you. There will also be some who will want to get in on the enthusiasm of you and individuals like you who are sold on this concept. To make sure that you make the right decision with whatever company you choose to partner with, I have put together a few tips and guidelines on how to find the right party plan company for you:
1. Know what you’re looking for
The first thing that you have to consider when you want to enter the industry is to know exactly what you’re looking for. What are your interests? Do you like to decorate your home? Are you fond of jewelry? Do you look forward to looking your best with makeup? Are you a young parent or grand parent who wants something more for the children in your life? Consider your interests as you choos a company. Next consider this: Do you want to join a company that offers a product or a service? What type of product or service are you looking forward to offering to potential customers? What are you interested in using yourself? What is the type of market that you want to target? Moms of small children? Women who like taking care of themselves? People who like to cook? Once you’ve answered these questions, everything else will follow.
2. Evaluate the company you want to join
|Evaluate the Business You Choose Carefully|
Now that you’ve identified the type of company that you want to join, what’s next? Before you sign up, research the company thoroughly to learn more about the people behind it, its mission statement, its stability, and the opportunity it presents. You don’t want to join a company that you are clueless about. You want to be confident in knowing that the company is legitimate. Most companies conduct seminars and business opportunity meetings to prospective members in order to show and explain more about the company and how it works. Be sure to attend them and talk to other attendees in the audience to feel out the vibe of the company and it’s leaders.
3. Try the product or service
You may like the company but what about the product or service it offers? If you like the product and if you are confident enough to promote it, then sign up. If not, proceed to the next company on your list. It is highly recommended that you try the product before you join and start marketing the business. In order to become a successful consultant in the party plan business, you have to be passionate about your product and have enough confidence in the company and what it stands for. If you aren’t sold on the products or services personally, don’t fool yourself into believing that others will naively be sold on them either. How can you sell something that you don’t really care about? Every successful person in the industry will tell you how happy she is with the company and the product she represents and the enthusiasm shows. Remember, people will ask you what you use form the product line and if you like it. So, use the product. Be mindful that actions speak louder than words, so let your actions show authentic passion for your product while your words provide support to how others can be impacted by them as well.
4. Learn the compensation plan
|What's In It for You in Long Tem|
The compensation plan or marketing plan is the amount of money earned as commission for team building and leadership. What type of compensation plan does the company have? The company may have the best and most effective products, but does the marketing plan compensate your efforts? It should be well worth your effort, time and money. You don’t want to pay for your starter kit if the company offers the same compensation as your day job. You’re working towards financial freedom, not financial failure so make sure your comp plan makes sense. Study the plan carefully, find out if it has the capacity to provide you the most lucrative income, and determine the time that you have to spend realizing those earnings.
No matter how eager and excited you are about joining a party plan company, take time to study the company thoroughly and make sure to choose right the first time. Doing so will not only save you from making wrong decisions, it will also help you leverage your resources wisely and position you to realize your financial, personal and professional goals in a reasonable time.