All posts tagged direct selling

6 People Skills You Need to Succeed

6 People Skills You Need to Succeed

Six People Skills You Need to Succeed from the http://dsef.orgThere are many people who are good at what they do, but there are always a few who are exceptionally successful. Often, these individuals are highly successful because they also possess excellent people skills. The good news is that we can learn these skills and make them work for us too. Here are six people skills that will help you succeed:

  1. Learn to be calm and to think clearly. Have you ever seen a mother helping her child who just fell off a bicycle? She is calm and collected. It seems like she has practiced this moment hundreds of times and knows exactly what to do. In life and in business people who can stay calm, think clearly, and act quickly are better able to evaluate the situation and react successfully.
  2. Acquire knowledge and build self-confidence.  Have you ever heard the saying “knowledge is power”? Obtaining knowledge and then using it builds confidence in yourself and in your peers. People want to be around someone who is confident and has a proven record of success.
  3. Develop communication skills and apply them. The key to being a great communicator is being a great listener. Take the time to really listen to people and think about what they have to say before responding. When you genuinely value people’s feelings and ideas, they will reciprocate and feel that they can trust you.
  4. Develop a never give up mentality. There are many stories of people who ultimately became successful simply because they never gave up. People like Thomas Edison, who gave it a thousand tries before developing a working light bulb. His comment on his failures was that he successfully found 999 ways that a light bulb would not work. You must develop the same attitude, even if do not really believe it in the beginning. Practice this attitude until it becomes a part of your own beliefs.
  5. Acquire a win – win attitude. We live in a very competitive society. There is almost always a winner and a loser. But this does not have to be. Especially, when it comes to business, you do not want your customers to feel that you sold them something they did not want. You want them to feel that they purchased a great product/service at a great value and that you helped them. Focus on converting every situations into a win – win for everyone involved and success will be the by-product.
  6. Develop great networking skills and a network of supporters. Find out where your target market is and get involved with their dreams, needs and concerns. Learn how to talk to people and make them feel comfortable. Build relationships based on mutual respect, caring and benefit. The larger your network is, the greater your influence and success.

Most successful people possess all or some of these skills. For some of them these skills came naturally, but for most of them it was learned. Develop and apply these skills to help you succeed in your endeavors. What do you think? Did we leave any people skills out? Please share your thoughts and experiences with us in the comment below.

Five Areas of Focus to Generate Sales

Five Areas of Focus to Generate Sales

MP900443105[1]There are many factors that go into the amount of sales you may generate in a given day, week, or month. Sometimes the difference between falling short of your goals and exceeding them is focusing your efforts in the right place. Here are five things to focus on that can help you generate sales:

Focus on:

  1. People. Remember that you are in the people business, so focusing on the individual can greatly increase your chances of closing the deal. Figure out the person’s need or problem to be solved, reasons for hesitation, knowledge of the product or service, etc. Furthermore, remember that these vary widely from person to person. Listen carefully. Get a feel for what makes the person comfortable, and demonstrate your genuine desire to help. Being able to read people quickly takes practice, but will take you a long way on your path to success.
  2. Results rather than effort. You may feel that because you have put in a certain number of hours or a certain amount of heart, that you are doing all the right things to generate sales. However, if your results are less than you’d hoped, all that effort may not be contributing to your success. If something isn’t working, look for different things you can try, and keep adjusting. Keep your results in mind to maintain motivation and continue moving forward.
  3. Creativity. Although you may have a lot of competition in your business, there is only one you. Tap into your individuality to spark some creativity. Don’t be afraid to take more risks because playing it safe all the time may prevent you from learning and growing. For example, the owner of a dancewear shop has an extensive dance and singing background, which she incorporates into her business from time to time. During her slower times of year, she promotes certain items and puts them on special. Any time a customer purchases one such item, he or she is treated to a 30-second serenade by the staff. This seemingly silly practice has gotten the shop lots of attention and even more foot traffic.
  4. Excellence and wowing your clients. A disgruntled client is usually one who won’t return. Make sure you put a great deal of focus on excellence and impressing your clients with your attention to their wants and needs as well as your ability to anticipate and extinguish any problems before they arise. Impressing your clients will keep them loyal and motivate them to recommend you to others.
  5. Asking for the sale. So many people forget this all-important part of selling. You may have a whole strategy in place for making a prospective customer say yes, but none of that will matter if you don’t come out and ask for what you want. If nothing else, posing this obvious question will allow the customer to explain why he or she is saying no. Since each “no” can help you find a yes, don’t pass up the opportunity to hear it. And as is often the case, the customer wants to say yes, but won’t initiate that part of the conversation himself. It’s up to you to get it.

Ultimately, your main focus point should be the prospective customer. Incorporating these points, combined with improving your people skills, can have a profound effect on the sales you generate.

What would you add to our list? Please share your ideas below!

4 Tips to Improve Your Public Speaking

4 Tips to Improve Your Public Speaking

Four Tips to Improve Your Public Speaking from http://dsef.orgIf public speaking is a regular part of your role as small business owner, and you are like many people, it may be one of your biggest fears. Fortunately, it does not have to be that way. There a few easy ways to ease your public speaking fears and improve your skills at the same time. Here’s are some things you can do to improve your public speaking:

1      Prepare, prepare, PREPARE! There is almost no worse feeling than being unprepared. If you haven’t done the legwork before a public speaking engagement, you may feel flustered, nervous, and incompetent. These worries will be evident to your audience, so prepare as much as you possibly can. Write down or type out your content, and frequently rehearse using your notes; also, make adjustments where necessary. For example, if you find that you continually lose your place when reading from your notes typed on an 8 ½” x 11” sheet of paper, switch over to note cards, on which you can write just a few bullets before getting rid of that card. Find a system that works for you. You may also consider recording yourself on video to get a sense of your own body language, and how you appear to others.

2      Show confidence.  This is easier than it may seem, especially if you have adequately prepared. You know the material, you are a successful leader, and you have been given the responsibility to speak in front of a group of people. Take pride in this role by holding your head high, making frequent eye contact, and speaking in a strong, clear voice. Give yourself a positive “pep talk” before going in front of the group, and tell yourself that you are well able to give your speech effectively. What you tell yourself matters!

3      Focus on key points, but provide personal stories to balance them. Your main focus should be on the key points, or main ideas, of your speech. If you nail those, the rest won’t matter as much. However, it is also important to give your audience a way to relate to you personally. So be sure to provide a few personal stories that will illustrate your main points. These are the things that people often walk away with as a result of your talk. So choose 2 or 3 of your main points, and plan a brief story you can tell that will illustrate those points.

4      End with a call to action. You don’t want your speech to fall flat because of a boring conclusion. End with a call to action from the audience. Doing so helps give your speech purpose and drives your point home. For example, if you are speaking to a team of employees about improving customer service, an effective call to action might be, “Ask your next customer for their honest feedback before you let them leave. Then the next, and the next, and so on. Make this your new protocol.” Concluding with a call to action also helps your audience figure out where to start.

With careful preparation, self-reflection, and a firm grasp on the content, public speaking can become yet another skill you master. And don’t be afraid to ask for feedback from others either in a practice setting or after the real thing. This will help you continuously improve your skills!

What else would you add to our list? Please share your ideas below!

12 Tips for Successful Online Virtual Events

12 Tips for Successful Online Virtual Events

12 Tips for Successful Online Virtual Events from http://dsef.orgWhen was the last time you purchased or sold something online, or hosted an online gathering or meeting? There are many venues and sites out there where you can use to host events, from Facebook to Forums and more. As a business owner, the big questions about virtual events are: How do you get people to come? and How can you encourage people to buy from you once they get there?

Today it seems like everyone is connected on social media, and that makes virtual events more attractive than ever. People don’t have to live in your backyard to participate. However, there are some specific steps you should take to enjoy more successful events. Here are some tips:

  1. Have a clear goal for the event. Will you be looking for sales? Encouraging people to network? Share an opportunity? Be very clear about what you want to happen so that people who come know what to expect.
  2. Invite several ways. Don’t just set up a Facebook Event and forget about it. Text, evite, call (gasp!)…let people hear from you BEFORE you send the official invitation, so that they know that it isn’t just spam. And then send 1 or 2 reminders leading up to the event, including an hour or so before, so people remember to log on.
  3. Make the invitation special and fun. If your event sounds boring they won’t come. So jazz up your invite with some personality, and make sure they know how much fun your event will be.
  4. Special offers. Be prepared to offer a discount, promotion, or other special to encourage attendance. People are more likely to come when there’s something it in for them.
  5. Be brief. Most online events are most successful when they are 30 minutes or less.
  6. Pick up the pace. Online, pace is everything. So be sure to keep things moving with new content and conversation pretty regularly during your event, so people remain engaged.
  7. Make it visual. Images and video clips can help your event remain engaging. Have several of these prepared so you can share them at the right moments during your event.
  8. Don’t overwhelm. If you try to pitch too many products or too many details, chances are you’ll turn off your audience. Instead, focus on a handful of reasonably-priced products or a few well-chosen details and schedule follow-up conversations with those who would like to learn more.
  9. Be social. Make sure you provide plenty of prompts and opportunity for conversation. People are more likely to convert if they are having fun interacting with others.
  10. Provide a call to action. At the end of your event, be sure to provide a clear call to action related to your goal. If you want people to shop, tell them (and offer free shipping if they do so in the next 15 minutes(! If you want people to join, give them a link where they can do it. But be sure to ask for what you want, and provide an incentive to do it within the next 15 minutes.
  11. Get their contact information. Online events are a wonderful way to make new connections, but be sure to follow up! The personal connection you can make with people comes after the online event is over. So send a message to each attendee asking if they have any questions, offering help based on conversations they’ve had during the event, and so on. The personal touch is likely to encourage those on the fence to make the leap.
  12. Stay online after the event. Some people may not share their questions during the event. So be sure you let them know you’ll be around for another 30 minutes to offer personal service, answer questions, and provide help. The more available you are, the more likely it is that you’ll reach your goals for the event.

Today, online events are a part of the ever-evolving business landscape, and the ways we do business create great opportunities for those who can keep up and make business social. When you solve problems and position your business as easy and reliable, you can win customers who keep coming back, and refer their friends.

Have you attended or run online events for your business? What was the experience like? What would you like to improve about the experience? Would love to read your thoughts in the comments!

Five Ways to be Unforgettable

Five Ways to be Unforgettable

Five Ways to Unforgettable from http://dsef.orgThe most effective networkers and salespeople have certain qualities that make them unforgettable. Whether you are meeting a prospective customer or presenting a new marketing campaign to your staff, it is important that you leave a lasting impression. Your impression is as important as your content, so keep the following tips in mind when you want to leave a memorable impression.

1      Maintain a positive attitude. Your own attitude about what you are saying is the first thing that people will notice. Not only must you truly believe in your words, but you must display a positive attitude and enthusiasm as well. Demonstrate this with your bright smile and light-hearted tone of voice. Most importantly, let your personality shine through, and your positive attitude will be contagious.

2      Use logic in your presentation. Using facts and reason injects logic into your presentation, and if done effectively, can eliminate any doubt or hesitation. For instance, in a sales pitch to a prospective customer about high end cutlery, one experienced representative always asks the customer to show him the drawer full of cheaper, lower quality knives that are no doubt stashed in the kitchen. The salesperson then asks how often the customer must replace the utensils and how much it costs each time. After showing the prospect on paper the amount that has been spent on low quality products over the last ten years, he then presents the cost of his product to show that because it never needs replacing, the customer is actually saving money in the long run. Numbers don’t lie, so this is an effective way to use logic in a presentation.

3      Tap into emotions. Logic will take you far, but not all the way. Your prospect needs to feel something about your content in order to take immediate action. The cutlery salesperson can tap into a customer’s feeling of accomplishment after preparing a delicious meal for her family with ease. A team leader can tap into the staff’s excitement about beating out the competition with the new marketing strategy. Do your research ahead of time to find out the best way to appeal to people’s emotions.

4      Be concise. No matter how infused your presentation is with a positive attitude, logic, and emotional appeal, it will all mean nothing if you go on for too long. Say only what is necessary, and don’t lose focus by going off on tangents or straying from the topic at hand. Be respectful of others’ time and mindful of average attention spans.

5      End with a creative idea that has impact or something visually powerful. The ultimate part of your presentation must be memorable. Don’t waste the opportunity to pack one last punch by summing up what you’ve already said. End with a creative call to action or a stunning visual that will solidify your overall presentation. The cutlery representative, for example, strategically places his different product samples throughout the customer’s kitchen during the pitch, and ends with asking him or her to take a good look at this new and improved cooking space. Having given the customer’s kitchen a makeover of sorts has a lasting impact and provides a visual that is hard to refuse.

The keys to being unforgettable are to truly believe in what you are presenting and to infuse your own individuality into your pitch. What would you add to our list? Please share your ideas below!

Six Easy Ways to Attract More People

Six Easy Ways to Attract More People

Businesspeople Applauding --- Image by © Royalty-Free/CorbisWhether you’re looking to attract more customers, recruit new employees, or network with influential people, there are a few simple things you can do to increase your chances of success. Take a look at our list to see how you can attract more people to you and your business.

  • Engage everyone with a friendly greeting. Sometimes we get caught up in our own worlds and don’t take the time to greet each person properly. Initiate a friendly exchange by greeting each person. A simple opening such as, “How are you this morning?” or “It’s a pleasure seeing you again,” can suffice. More often than not, such pleasantries can lead to a friendly conversation. When people know you are genuinely interested, they will not only remember you, but will look forward to interacting with you again.
  •  Focus on the individual. Although your ultimate goal may be to attract a certain number of people, forget that number when interacting with one person. For that moment in time, focus solely on the individual. What are his or her needs? How can you be of service to the person? What message is the person trying to convey to you? Don’t inadvertently turn people off by engaging them in generic conversations. Tailor your interactions to that particular person.
  •  Avoid arguments. You will not always see eye to eye with each person you come in contact with. Arguing, however, is unprofessional and will turn people away. Be proactive and avoid potentially controversial topics such as politics and religion. Even if you do these things and a disagreement happens anyway, take the high road and “agree to disagree.” People will respect and appreciate your honesty and courtesy.
  •  Assume everyone is good. By doing so, you demonstrate that you are a positive person who sees the good in others. This feeling is contagious and often reciprocated. Everyone makes mistakes, but giving others the benefit of the doubt will encourage a sense of trust and will likely strengthen your relationship. Besides, wouldn’t you want others to think the best of you?
  •  Be helpful. This can be done in so many ways, and a good deed will definitely be remembered by others. For example, the owner of a local pizzeria found a gold bracelet on a table left behind by one of his last customers of the night. He had no idea who she was or how to contact her, so he put it aside in case she came in again. She returned a few weeks later, and he asked her if she had lost it. The woman was so grateful she was nearly in tears; it turns out the bracelet was left to her by her recently deceased grandmother. She told everyone who would listen how generous the man was and became a loyal patron of the establishment. It would have been just as easy for the owner to toss the bracelet or keep it, but his helpful nature earned him something that was priceless for his business.
  •  Get involved. Reach out to your customers, your staff, and your community. Involving yourself in a good cause will show others that you truly care. People are attracted to others who are generous with their time and skills. Demonstrate your sincere desire to give back to those around you.

You can attract more people by treating others kindly and going the extra mile to show them you care. What can you add to our list? Please share your ideas below!

Five Ways to Find New Opportunities for Your Business

Five Ways to Find New Opportunities for Your Business

womensuccessBy doing more of the things you love and are good at, you can actually maximize your chances of finding a great opportunity for your business. Tap into your desire to interact with and help others, and you’ll find that it benefits your business. Take a look at our list to start making the most of your talents right away.

  • Talk to more people. Perhaps it sounds too easy, but striking up a casual conversation can lead to countless positive outcomes. Whether you’re at a professional workshop, on the train during your evening commute, or in the waiting room at the doctor’s office, initiate friendly conversation when appropriate. Sometimes even just the mention of what you do for a living will evoke more questions from the other person, and you never know what lies ahead. For example, a former schoolteacher who operates a tutoring business out of his home initiates some small talk with a fellow customer while waiting in line at the grocery store. It turns out the person is looking for contributions to an article she is writing for the local newspaper about the pressures high school students face applying to college. Someone who works so closely with these students in a different way than their regular teachers would make a great addition to the article, and a mention about his business certainly would increase his exposure. Not every casual conversation will end in such an opportunity, but taking this step may lead to more opportunities, so stay alert!
  • Be more curious. Don’t be satisfied with the status quo. What else can you learn about running a successful business? What is happening in the industry right now that could directly affect you? How do your employees and customers feel about your business? Asking yourself such questions on a regular basis will renew your motivation to move your business forward. If you aren’t constantly looking to improve, you may be in danger of falling behind. Make a commitment to be more inquisitive in your pursuit of success.
  • Show your passion. What exactly is it that you truly care about? What drove you to start your business in the first place? The former teacher decided to start up his tutoring business after realizing how much he enjoyed the small group extra help sessions he used to hold after school. He was able to connect with his students, which in turn increased their achievements. The regular classroom setting didn’t allow for this, and he found himself wishing his job consisted solely of these after school sessions. Becoming a professional tutor has allowed him to do just that, and his passion for helping young people is finally being fulfilled. Demonstrate the things you are passionate about, and others will be drawn to your drive and enthusiasm.
  • Constantly ask for introductions. This is similar to asking for referrals, but on a much broader level. Ask friends and family to introduce you to people in their lives that could provide a business opportunity. Take it even further and introduce yourself when possible, such as when at a social gathering. Even when you’re “off the clock,” don’t forget that possible business opportunities can be just a conversation away.
  • Try new things. Have you ever snuggled up on the couch with your favorite blanket knitted by your grandma and thought about taking up crochet? Or maybe you have an adventurous side and always wondered what it would be like to go white water rafting. If you have other desires outside of your business, find the time to explore them. You will be exposed to a whole new group of people, and a host of possible business opportunities you may not find elsewhere. And hey, you’ll also have fun!

The best way to find a new business opportunity is to know where to look and how to grasp it. You may not always get one in the end, but being active in your search will certainly help move your business forward. How do you maximize your business opportunities? Please share your ideas below!

8 Ways to Get Positive Results

8 Ways to Get Positive Results

Low angle view of two business executives shaking hands

In order to get more consistent positive results out of all that you do, the first thing you need to do is to maintain a positive attitude about every situation. Although we cannot control the behavior of others, we certainly can control the way in which we ourselves behave. Even if you are feeling less than enthusiastic, commit to finding the positive in every situation. Here are some ways you can incorporate being positive into your everyday routine and increase your chances of positive results.

1.       Write down your expectation for the day. The act of writing down your expectation solidifies your commitment to following through. By doing this at the start of each and every day, you are making an affirmation that helps you focus your mind and maintain your motivation no matter what challenges the day may hold.

 2.       Make a plan and prioritize. Writing down your expectation is a great start, but it is only the beginning. How will you go about meeting this expectation? Create a plan and prioritize which tasks are most important; tackle those first. For example, if your expectation is to organize your cluttered office, create a list of what steps need to be taken and in what order. You cannot file pending paperwork away without first purging old files and making new ones. You cannot dust and vacuum the furniture and carpeting without first clearing out the clutter and putting everything in its proper place. Making a list will keep you from becoming sidetracked and will allow you to get the positive results you are looking for.

 3.       Smile at everyone you see. A little smile goes a long way. Smiling at colleagues, clients, and even strangers on the street will bring out the happiness inside you and will even encourage reciprocal smiles and happiness in others. When people see you as a positive person, they will want to be around you. You will also enjoy your day much more when everyone is in a good mood and pleasant with each other.

 4.       Make your conversations positive. When someone asks how you are doing, it might not be a good idea to start spouting off negative comments about your team or how stressed you are about tax season. There is a time and place for such venting, but in your everyday conversations with others in a work environment, emphasize the positive. Talk about how excited you are for an upcoming trip or how you can’t wait to debut a new product line. Positive conversation begets more positive conversation, and both parties will appreciate the good feelings.

 5.       Seek the good in others. Give people the benefit of the doubt by assuming they are good. Everyone makes mistakes, but by seeking out the good in others, you give them a chance to be their best and redeem themselves if necessary. For instance, if a client has made a payment late, only to give you a check that bounces, don’t assume the worst and make an angry phone call. Maybe the person is experiencing personal difficulties that are causing financial strain. Keep this assumption in mind when dealing with adverse situations.

 6.       Eat healthy and enjoy your exercise. There is a meme circulating the internet that says, “When I eat garbage, I feel like garbage.” We all need to splurge once in awhile, but don’t make it a habit. When you eat right, you have more energy and you feel equipped to take on the day. Furthermore, enjoy the exercise you get, whether it be walking around the block or attending a high-impact Zumba class. The endorphins you produce while you exercise can make you feel re-energized and freshly motivated.

 7.       Don’t worry about the small stuff. Not everything is a matter of life and death. Learn to recognize what things require immediate attention and deserve your stress, and what things are out of your control or trivial in nature. A leaky roof is a valid thing to worry about, but finding that you have run out of stamps isn’t something to get upset about.

 8.       Start a daily gratitude journal and end the day with what you are grateful for. At the end of your day, write down the date and jot down what you are thankful for. Do it in a way that makes most sense to you: in prose, stream-of-consciousness, a basic list, or just some key words. If the last thing you think about before going to sleep at night is positive, you will rest easier and be able to continue the positive cycle again tomorrow.

It isn’t always easy to remain positive all the time, but sometimes you have to “fake it ‘til you make it.” Committing yourself to positive behaviors each day will actually help you feel more positive and achieve the results you want.

What do you do to achieve positive results? Please share with us below!


Creating a Budget for Your Small Business

Creating a Budget for Your Small Business

Tips for Creating Your Small Business Budget from http://dsef.orgWhen you have a small business, a budget can be a valuable tool to not only keep you on track, but also help you to grow. However, when the money that comes into your business fluctuates, it can be hard to plan ahead. Fortunately, there are some ways that you can create an estimated budget even if you have a variable income. Here are some tips to help:

  • Know your averages: It’s important that you know what the average income you can earn is for each activity in your business, as well as average expenses. For example, what is the average amount you earn per transaction or party? How much do you spend on average per month on business supplies? You may need to do some research to get these numbers, if you don’t have your own historical data. When you know your averages, you know how much you need on your calendar each month to earn an estimated amount, and can do the things necessary to get those things onto your calendar.
  • Know your fixed and variable costs: Are there things you pay for each month, quarter, or year? Things like your cell phone bill, rent, or website fees are fixed costs. You may have other expenses each month that change as well, like marketing fees or other one-time or fluctuating expenses. These are your variable costs, and you may be able to anticipate them by looking at how much you spent the previous year on certain seasonal events. Know how much is going out each month, and be sure you have enough income-producing activities scheduled to exceed these expenses.
  • Write it all down: We shared with you last week a Direct Sales Business Budget Worksheet. Use it! It is essential that you keep track of the money coming in and going out from your business. Small business owners that avoid the financial details are far more likely to fail than ones that pay attention. Record both your estimated and actual income and expenses, and make adjustments as necessary.
  • Be conservative in your estimates: It’s important to have some extra income set aside for unanticipated expenses, so you have some flexibility in your business. So even if you think you’re going to earn a certain amount, plan for the fact that you will earn less than you anticipate. And even though you think your expenses will be a certain amount, plan that they will be greater. It’s better to have more money than you anticipate at the end of the month than to have less. By estimating conservatively, the amount you have at the end of the month will be closer to what you expect.

Small business owners and entrepreneurs often neglect the important step of creating a budget because it doesn’t seem like the most exciting part of business ownership. Yet it is an important element of the overall health of your business.

Nevada Women's Money Conference Flyer from http://dsef.orgAs part of National Financial Literacy Month, we at DSEF are proud to sponsor the Nevada Women’s Money Conference. This important event helps women learn the skills they need to create a secure financial future for themselves and their families. Best of all, we’re providing full scholarships to the conference for women in DSA member companies! For more information, visit this page: And please, pass this along to the women you love in Nevada. This is an amazing opportunity that can make a HUGE difference in a woman’s life! Thanks for helping us spread the word!

Tips for Taking Control of Your Business Finances

Tips for Taking Control of Your Business Finances

Tips for Taking Control of Your Business Finances from http://dsef.orgAs a business owner, your ability to manage the money you earn is just as, or even more important than actually making the money. Are you using your money wisely, or simply wasting it? Here are some tips for taking control of your finances and keeping more of what you earn:

  1. Write it Down: Even when it seems like a pain, or just one more thing to do, writing down the money that you earn in your business, and the money that you spend, is a valuable activity. When you see your income and expenses in black and white, it helps you make better decisions, and identify areas of waste. Use this simple spreadsheet: Business Income_Expenses Tracker, or your own method to track your income and expenses for your business. And the best part? By keeping track of your income and expenses daily or weekly, preparing your taxes is a lot easier!
  2. Know Your Averages: When you earn income based on commission, it can seem like a challenge to create and stick to a budget. But it doesn’t have to be! Find out what the averages are for your business: Average party sales, average you spend on a party, average sale per person, average autoship order, average downline commissions per downline member, etc. Then add up the number of income-producing activities you’re expecting to do each month, and use the average amount you can earn for each one. That gives you the total amount of money you have that month to work with. For example, if you can earn $120 per average party in your company and typically spend $20 per party on expenses (printing, gas, prizes, postage, etc.), and you have 4 parties scheduled that month, you can budget $400 for the month in party income. By knowing what you have on your calendar, you can create a monthly budget. And if something unexpected happens, you know exactly what you need to add to your calendar to reach your budgeted numbers.
  3. Make a Budget: It’s very easy to impulse buy. The latest gadget is awfully tempting, and you know that marketing tool is just the thing to bring in more business. But before jumping in, make sure you’ve got the income to support the purchase. Plan your monthly income and expenses first using a budget sheet like this one: Direct Sales Business Budget Worksheet Then you’ll know how much your business can support in expenses, and if the return is worth the investment.

How well do you know how to manage your personal and business finances? Take this online quiz to find out how much you know!

Nevada Women's Money Conference Flyer from http://dsef.orgKnowing how to manage your business finances is key to creating the income you want in your direct sales business. That’s why we’re excited to partner with the Women’s Money Conference in Nevada to provide FREE full scholarships for women in DSA member companies to attend the conference. If you’re a woman in Nevada, or know a direct seller who is, get all the details on this 2014 conference here:

What tips do you have for managing your business finances? We’d love to read your tips in the comments below!