This new way of doing business has also impacted Direct- Selling opportunities that already offer products directly to a customer away from a fixed retail location. It’s gotten even easier with the use of social media to build a customer base. These companies bring to mind everything from financial products (Primerica), gourmet food (Pampered Chef), wellness products (Isagenix and Herbalife), Cosmetics (Avon and Mary Kay), home décor (Home Interiors), travel discounts (WorldVentures), and other product categories including kitchen products, high-end jewelry, clothing, organic gardening supplies, and spa products.
Do an Internet search to find out the buzz about a company and whether its sellers or regulators have reported problems. After running a search for recent articles and blog posts, do another one using the company’s name and words like “scam” or “complaint.”
Then click here for a list of 6 questions you should ask a company representative to determine if it is the right company and product for you sell.
- What are your annual sales?
- How much money did you make last year — your income and bonuses, less expenses?
- What percentage of your sales were made to distributors?
- How much did you spend on training and buying products last year?
- How much time did you spend on the business last year?
- How many people have you recruited?
Most direct sales firms are multilevel marketing companies, or MLMs. These are sometimes mistakenly referred to as “pyramid schemes” structured with the intent of defrauding the public. They are illegal and the vast majority of their participants lose money because they make a profit off new recruits instead of product sales. Each recruit pays large upfront fees and has to buy large amounts of inventory with little actual value and is non-returnable. The Federal Trade Commission and state regulators regularly dissolve such companies. If the company you are looking into has been around for a number of years, they should be authentic.
Legitimate MLMs charge a relatively small fee for their starter kits, sell products that are purchased by the end user, and normally offer representatives refunds for unsold items. The Direct Selling Association’s website is a good place to learn about firms. Its members follow the group’s code of ethics. You can search a company by name, product or service.
Remember, you can’t earn serious money through direct sales unless you make a sustained effort. To earn the equivalent of a full-time salary, you have to work full-time. The option to use this part-time is what makes it so appealing for baby-boomers looking for additional income and flexibility to design a life that works for them.
The FTC has an excellent online list of queries of additional queries.
To read more about the new ‘Share Economy’ and additional income for retirement, visit the Lifestyle Entrepreneur travel blog.
Visit WordVenture.com and Dreamtrips Travel Club to learn more about this direct selling travel company. To become a member, visit Stay Calm and Travel with Don on Facebook and have Don answer the 6 critical questions about WorldVentures opportunities, or email email@example.com for more information and get an immediate reply.