Archive for November, 2014

How to Build Your Business on the Cheap

How to Build Your Business on the Cheap

How to Build Your Business on the Cheap from the http://dsefnew.wpengine.comOne of the many advantages of a direct sales business is that for the most part, the initial investment is minimal, especially when compared to a traditional startup. Whether your startup cost is $100 or $1,000 though, it is important to keep costs down when you are just starting out or looking to grow your business. The good news is that it’s not necessary to spend a lot of money up front in order to build successfully. Here are some tips for building your direct sales business on the cheap.

  • Don’t pay for marketing. There has never been an easier time to market your business for free. Start with your social media presence. Most social networks allow you to create a page for your business. Take advantage of this option, and engage your contacts by regularly posting content that sparks an online dialogue. Check here for some effective ideas to get started on the most popular social networks. Aside from marketing online, however, you can easily market your business in more traditional ways. Always keep yourself looking professional when you’re out and about town, and arm yourself with business cards and some catalogs. Consider wearing a button advertising your business or if applicable, a noticeable product itself. People may ask you about your business, resulting in instant bookings or at least requests for follow-ups. Finally, don’t forget to post information about your business in community bulletin boards and similar places. Many businesses will also allow you to leave a catalog in their waiting rooms or reception areas as well.
  • Use the power of word of mouth. Get used to talking about your business in ways that are relevant to the conversation. Relay anecdotes, discuss how or why you got started, and what you’ve accomplished so far. Encourage other satisfied customers to do the same, as people take great stock in user reviews, both written and oral.
  • Before you spend money on something, ask yourself if the return is worth the expense. You’ll of course have to spend money on certain things, but make sure the return will be worth it. Although it may be tempting to buy a ton of promotional merchandise with your company’s logo and your contact information on it right away, it isn’t necessary to get a good start. Those types of purchases are best saved for when you’ve already started making a profit. Always think of your potential expenses as a possible risk. Think seriously about whether or not spending the money is worth the risk, and as your business grows, your needs and “risk factors” will change. Adjust accordingly.
  • Spend the least possible money to get your products/services to the market. When you do pay for getting your products to your market, do some research and comparison shopping to make sure you aren’t overpaying. For example, a friend has booked a home party for your direct sales jewelry business and is expecting a large amount of guests. If you are just starting out and don’t have a large inventory of samples, you might be worried that the guests won’t order as much as they would if they were able to try on the pieces. Instead of hurrying to order more from your company, ask your upline if you can borrow a few pieces for this one party since there will be so many people there. By getting creative and using resources available to you, it is possible to find ways to spend as little money as possible to get the results you want. 

Building your direct sales business on the cheap is an effective way to maximize your investment and set yourself up for long-term success. What other suggestions do you have for building your business in an affordable way? Please share your ideas below!

What Makes Your Business Better

What Makes Your Business Better
What Makes Your Business Better

What Makes Your Business BetterSetting long-term goals for your direct sales business is an effective way to keep you focused and motivated to give it your all. As you likely already know, you should always aim to grow your business and move it forward. In doing so, take a look at how you operate certain aspects that could use improvement. In today’s post, we offer you some suggestions on where to begin.

  • How your products/services provide a solution – This is the foundation on which your marketing and sales pitch should be based. Educate yourself thoroughly about what problem your potential customers have, how they may have tried to solve it in the past, and how your product or service is the best solution. Furthermore, use this information to find your target market. For example, a skin care company that specializes in organic products has a line just for babies. A consultant for this company would want to know that many parents want to use shampoos and lotions without added chemicals that have unknown effects on the baby. Also, these parents have tried other organic products but weren’t satisfied with their effectiveness, fragrance, or price. Equipped with this information, the consultant would emphasize the quality of her product, how well it works, and how affordable it is. The bottom line is that this product solves a problem that many parents have with products they use on their babies every day.
  • Using real testimonies – Consider the level of importance internet shoppers place on reviews. Websites like Yelp and Angie’s List thrive on the fact that real people who have truly used the products and services have given their honest and unsolicited opinions. The advantage you have as a direct seller is that in using these testimonies, you can also personally explain a little bit about the customer making them. At a home party for example, while demonstrating a product, you can easily give a short anecdote about a customer from a recent party about how she discovered the product and why she loved it so much. These types of testimonies are especially meaningful because they are true, first-hand accounts.
  • Telling people what you are best at. Recognizing your strengths and playing them up is important, but don’t be afraid to share them with others. If you have a strong ability to remember names and faces after only meeting people one time, it’s okay to tell people that and demonstrate it. In the example above about using real testimonies, that would be an appropriate time to lightheartedly add that you have this unique ability that many people find fascinating about you. In addition to telling people about what you do best, find ways to show it in your interactions with customers.
  • Putting it in writing – You don’t need to draw up a formal contract in order to make something official, but putting things in writing does place a level importance on it that a verbal promise doesn’t necessarily have. For example, adding the phrase “call or text me at (your cell phone number) on your business card, gives customers permission to send you text messages, which may be more convenient than a voice call. Because it is in writing, they will feel comfortable doing so, possibly without having even met you first. Mean what you say and mean what you write. The strength of your word is a valuable thing in business.

In what ways have you tried to make your business better? Will you be putting our suggestions to use? Please share your comments below!

Donors Make a Difference: Britney Vickery, CEO, Initials, Inc:

Donors Make a Difference: Britney Vickery, CEO, Initials, Inc:

BritneyDSEF’s programs and partnerships would not be possible without the support and engagement of our contributors and volunteers. We’re pleased to kick off a new feature—Donors Make a Difference—to highlight the tireless efforts of our valued supporters and advocates. Britney Vickery, CEO and Founder of Initials, Inc., ranked No. 762 on the Inc. 5000 list of America’s fastest-growing, privately held companies for 2013, recently spoke to DSEF about her—and her company’s—involvement with the Foundation.

How did you become involved with DSEF?

I had heard about DSEF, but I became more intimately aware and involved when I became Chair of the Direct Selling Association’s Education Committee. My eyes opened to all the opportunities that were right in front of us to help educate new groups of people about the power and magic of our amazing industry.

How do DSEF programs help Initials Inc., its salesforce, and the industry?

I believe that the DSEF programs help to broaden our scope and our influence. Simply put, the DSEF puts the word out there—the good word—about direct selling. The DSEF is more than just education, it is shaping and influencing the awareness of our business model— that gets me, and our salesforce, excited!

What specific DSEF programs are you most excited about?

DSEF’s college partnerships sing to my soul—when we champion our message and story on college campuses nationwide. The amazing students we reach may very well be our next rock star consultants, awesome corporate executives or founders of the next direct selling sensation! However, to be able to bring their gifts and talents to light in our industry, they have to first know about the business model. The students DSEF reaches through its programs are so hungry to see and understand business in a fresh entrepreneurial way— and they are the next chapter for direct selling!

Earlier this year, you joined DSEF Chairman John Parker (Amway), DSEF Vice Chairman Kerry Tassopoulos (Mary Kay) and Jeff Hanscom (DSA) at a Campus Event at the University of Georgia hosted by DSEF Board Member Dr. Brenda Cude, reaching nearly 500 students. Tell us about your experience.

It was a remarkable day! Not only was I given the platform to talk about being an entrepreneur, but I was also able to show students how I harnessed my passion for entrepreneurship through a very unique business model. Most of the students knew someone who had sold products through direct sales, but they had no idea how large and far reaching our industry was. And, since most of the students were focused on business or consumer goods, we engaged in robust conversations about our business model and the future of business in general. It was a day I will never forget and one I hope to have the opportunity to do again—it was electric!

Your company is a DSEF contributor and you also contribute personally. Why do you think DSEF is important?

There is no better model in the world that marries business and people like direct dales—there’s nothing else like it. I am energized by the empowerment that our unique business proposition gives to people. Once you have “caught” the bug you cannot help but want to see that message carried forward in a bigger way. This is what the DSEF provides—the Foundation is our voice to the world about who we are and why we are here. It is an honor to be a part of the DSA and an honor to support the DSEF. We are a blessed industry, and I am excited to see where we can go from here, together! We simply need to continue to fuel the DSEF so they can continue to share the good news of our industry.

Premier Designs’ Bob Bolander Gives Students Insider’s View of Direct Selling

Premier Designs’ Bob Bolander Gives Students Insider’s View of Direct Selling

LATech

For decades, DSEF has held Campus Events at colleges and universities across the country, helping students and educators better understand the direct selling industry—both as a channel of distribution and as an entrepreneurial opportunity—and giving direct selling executives a chance to share their “real world” experience with tomorrow’s business leaders.

Earlier this month, DSEF sponsored such an event at Louisiana Tech University with Dr. Julie Guidry Moulard, the Balsley-Whitmore Endowed Professor, Department of Marketing & Analysis, College of Business. Bob Bolander, Vice President, Marketing Services, Premier Designs, traveled to Ruston, LA, and spoke to more than 250 marketing students and faculty.

“It was great to be able to share the passion I have for direct sales with the students at Louisiana Tech.   There is such a need to educate our future business leaders about the advantages and opportunities that direct sales has to offer,” Bob says. “So few really had any idea what direct sales was all about and I would say none had ever heard of the Direct Selling Association. The faculty of the business school were even more interested to learn about direct sales and appreciated the opportunity the DSEF provided to them for this event.”

Impressed by meeting so many students who have a desire to make a difference and who are hungry for support, encouragement, direction and ideas, Bob plans to continue his involvement with LTU. He will host a group of students next spring at Premier Design’s product design center and manufacturing facility, and will also work with LTU’s Marketing Club to plan a community project.

“Bob’s visit was a tremendous success! Over 250 Louisiana Tech students heard Bob discuss how the direct selling industry affects the overall economy and, more importantly, how it offers individuals entrepreneurial opportunities,” says Julie. “These students now have an appreciation of the direct selling industry and how the Direct Selling Association brings credibility to the industry through its Code of Ethics. Bob also made one-on-one connections with several students and faculty members—connections expected to grow and develop in the coming years.”

DSEF, in partnership with DSA member company executives, will keep the momentum going with additional Campus Events throughout 2015, as well as ongoing engagement with academic influencers in other venues.

A Note From Gary

A Note From Gary

garyAs I approach the four-month mark in my tenure as Executive Director, I am increasingly excited about the opportunities before us as well as the recent momentum in support of our work.  DSEF has a proud 40-year history to build on in advancing knowledge and understanding of direct selling among thought leaders and influencers in both the academic and consumer communities.

With this monthly update, we want to connect you more directly to the Foundation’s work and to the activities of your fellow company leaders who play an important role in our efforts to tell your story to important constituencies.

Continuing and expanding this collective engagement will be critical in the coming year as the Foundation intensifies our efforts to forge productive relationships with those who hold key positions of influence today and to connect with and equip those in academia who are preparing the leaders of tomorrow.

In the coming months, I look forward to meeting many of you personally and learning more about your businesses.  Together, we’ll work to fulfill the Foundation’s critical role in advancing understanding of the importance of the direct selling channel to our economy and in providing entrepreneurial opportunities for millions around the world.

GHuggins_signature
Gary M. Huggins
Executive Director, DSEF

Making the Connection: Why DSEF Matters

Making the Connection: Why DSEF Matters

At the Annual Meeting in June, the Direct Selling Association’s outgoing chairman Orville Thompson, CEO, Scentsy, described how DSEF serves as the bridge to prominent academics and leading consumer protection voices—key influencers and opinion leaders who drive the national conversation about our industry’s reputation and its place in the economy. Watch what he had to say here.