Scentsy Opportunity Review
Do you have plans to join Scentsy to earn a part time of full time income? What do it take to be successful in this business? I would like to give you an overview on this company and its opportunity and some advice on what you will need to achieve your financial goals.
1. Background of Scentsy
Based in Meridian, Idaho, Scentsy was founded in 2004. The company sells different types of fragrance wickless candles michael kors handbags, with candle warmers, which operates safer than regular lit candles. The candle warmers simply release highly scented Fragrances within the wax, without creating fire risk associated with lighting a candle. Scentsy is an MLM company that sells their product using Direct Selling. As an independant consultant, you will sell the product directly to the customers. When you sell above certain sales amount, you will receive commissions. Leadership Bonus are also paid out to team/group leaders who built teams of consultants, and these bonuses becomes the residual income.
2. What it takes to Join Scentsy as a Consultant?
To begin michael kors outlet purse, you will purchase a $99 starter kit, which will include about 8 types of Party Fragrance Testers michael kors factory outlet, various demonstration products and a comprehensive business supplies of product catalogs, Party/Training DVD, Brochures, Business Cards, etc michael kors purse.
You will then need to keep your membership active by maintaining a $150 Personal Retail Volume(PRV) every 3 months michael kors purse outlet.
If you are keen to branch into online business, you can also subscribe to the Scentsy customized website/webstore for $10 per month.
3. Compensation Plan
Your commission will start from 20% of your PRV, which is how much you have sold. Once you have achieved the US$1,000 PRV, the company will begin to pay you 25% of your following sales. Furthermore, you can stand to receive 2-9% of the wholesale volume based on your minimum PRV and Group Wholesale volume, once you have built a team of consultants.
4. Party Plan and Scentsy
Scentsy is a big fan of party plan and had been using this marketing strategy since its inception, however it is also flexible enough to let the independent consultant decide what works for them. This strategy had been successful for a handful of consultants and helped them to realize their financial goals. The downside of party plan is that it requires a lot of time and manual effort to organize and follow up. Alternatively there are also many top earners in Scentsy leveraging on online automated tools and systems to put them on the fast track of success.
5. Non High Ticket Products
Scentsy's products are inexpensive, therefore lowering the consumer's objection to purchase. However it also mean that you would need a very high volume to achieve a significant commission amount.
6. What commission income are we talking about here?
Just for an example, this is what it takes to make $1000 in commission:
If you sell a Sampler Multi Pack at $105, at 20% commission, you will make $21.
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