book

Direct Selling For Dummies

by Belinda Ellsworth

October 2015

Intermediate to advanced

384 pages

9h 43m

English

For Dummies

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About This BookFoolish AssumptionsIcons Used in This BookBeyond the BookWhere to Go from Here
How Direct Sales WorksUnderstanding the Three Different Direct Sales ModelsYour First Steps in Direct SalesWhy the Direct Sales Model SucceedsPersonal Attributes and Skills Needed for Direct SalesDifferent Ways to Work Your BusinessA Brief History of the Direct Sales Model
What to Consider When Choosing a CompanyThe Three P’s of Every CompanySpecial Considerations for Start-up CompaniesDebunking the Myth of Saturation
The Network Marketing ModelThe Party Plan ModelThe Hybrid Model
Staying Successful: Attitude Is EverythingOvercoming Self-DoubtGetting Out of Your Own Way
Vision: Your Big Picture of WhyGoals: Milestones to SuccessBe Rewarded: Strive for Company Incentive ProgramsProductivity and the Power HourDeveloping Important Skills
Always Be Ready to Give Out a Business CardKeep Catalogs with YouHave Host and Opportunity Packets HandyPlan Your Show-on-the-GoCreate Your 30-Second CommercialDress for SuccessKnow Your Next Available Dates

Understanding the Importance of BookingsKeeping Control of Your CalendarScheduling Appointments and BookingsSecuring Bookings or AppointmentsWhy People Book — Or Don’tThree Power Questions to Get the Reluctant to Say YesPlanting Booking SeedsThe Booking TalkTips for Securing More BookingsOvercoming Common ObjectionsTips on Finding New Business
Understanding Why Your Launch Party Is So ImportantPreparing for Your LaunchThe 1-2-3s of InvitingHaving a Back-Up LaunchAfter the Launch: Introducing My Two-Booking Method
A Brief History of Home PartiesUnderstanding the Appeal of Home PartiesCreating DesireGiving Your Opening TalkGiving Your PresentationGiving Your Booking TalkThe Recruiting TalkUpselling, Checkout, and Closing
Understanding the Host’s MotivationCoaching on Attendance and Outside OrdersKeeping Your Host Excited, Engaged, and InformedHost Coaching Online
Choosing the Right Social Media for Your BusinessThe Five Cs of Social MediaFacebook for Direct SellersInstagram and Pinterest: The Power of PhotosTwitter: Community PresenceCapturing the Social SaleThe Virtues of BloggingThere’s an App for That
Selling with One-on-One AppointmentsGetting One-on-One AppointmentsPerfecting the Details: What to Do and SaySelling While Out and AboutEnhancing the Personal Shopping Experience
Warm and Cold MarketsFollowing Up with Booking LeadsFollowing Up with HostsFollowing Up with CustomersFollowing Up with Recruit LeadsRemoving the Guesswork: Using the 2+2+2 Method of Follow-UpRe-Servicing: Customer Care Is Key
The Rewards of RecruitingThe Rules of RecruitingThe “Why” of Recruiting: What’s in It for ThemGetting People InterestedHow to Lose a Recruit LeadUsing Follow-up and Good Customer CareRecruiting on Social Media
Setting the Stage: Creating InterestAsking for an InterviewInterviewing a Potential Recruit: Phase 1Interviewing a Potential Recruit: Phase 2
Getting a New Team Member Off to a Great StartWhat It Means to Be a LeaderMentoring Team MembersWorking with Different PersonalitiesUsing Team Facebook GroupsChallenging Your New RecruitsIt’s Always a Learning Process
Looking at the Best Types of Opportunity EventsRecruiting at EventsPlanning and Staging Events
Getting Spousal Buy-InPaying Yourself and Keeping TrackWatch Out for Overnight SuccessOpening Your Eyes to Taxes
Attending Your Company’s ConferencePlanning and Attending Successful MeetingsCommunicating with Your Leader and Your Team
Introducing YourselfBusiness Best FriendsFinding the Right People to Network WithTips for Power NetworkingMaintaining Connections After MeetingSet Up an Advisory Board
Not Starting with a Strong Line-up of EventsBeing Afraid to Ask for a Party or AppointmentFailing to Set GoalsLacking Commitment and PersistencePrejudging Customers and ProspectsNot Treating Your Business like a BusinessLacking FocusSkipping Training and DevelopmentNeglecting Business RelationshipsDepending on Friends and Family for Too Long
Step Into SuccessTime ManagementOrganization and File SharingTeam Communication and Online MeetingsSocial Media Communication and ManagementVideo CreationImages and graphicsNewsletters and EmailBusiness Expenses and Money ManagementWebsite and Blog Creation
Increase in IncomeFlexible ScheduleBe Your Own Boss and Work from HomeFriendships and RelationshipsIncentives and RecognitionBusiness SkillsPersonal GrowthMentorshipDiscount on ProductsTax Benefits

Content preview from Direct Selling For Dummies

Chapter 18

Managing Your Money Wisely

In This Chapter

Obtaining spousal buy-in

Paying yourself

Avoiding some of the dangers of success

Being smart about taxes

Four out of five representatives say they joined or are considering joining a direct sales company to make extra money. Even if you initially joined with other things in mind, like discounted or free product, a chance to earn a free trip, or the opportunity to make new friends and have some fun, every independent representative needs to learn some basics of how to handle the money. This chapter aims to convey some important money-management tips I’ve discovered, especially with regard to direct sales.

Whether you’re wildly successful and your direct sales business is bringing in more money than you could have ever dreamed possible, or you think you’re barely turning enough profit to cover filling up the gas tank, the tax benefits alone of managing and tracking your money properly make it worth learning more about tactics and ...