Even with today’s struggling economy, new home party companies are continuing to thrive – and many businesses are launching into the party plan business model.
It has been determined that business from new home party companies account for nearly 32% of direct sales across the nation, that means over 30 billion dollars in direct sales have been sold through home based parties. It is estimated that with the unemployment rate rising on a global level, more and more individuals are turning to home party businesses due to accessibility and low start-up fees. In addition, among the home party businesses that have been around for decades, new home party company ideas are being introduced to the market and several are flourishing!
Once you have decided to find your way to financial freedom by becoming a consultant for a home party business, or if you are just looking to make some extra money without the burden of having to leave your home and family, you will need to make some important decisions. One of the biggest choices you will have to make is whether you want to become a consultant for a company that has been established, or if you want to take your chances and reap the potential benefits of becoming part of a new home party company. The rewards and benefits will differ depending on your preference.
New home party companies or established businesses?
Home party companies that have already been established and have proven effective through longevity can have a lot to offer someone new to the direct sales industry. For example, companies that have been in existence have already established best practices. That is, they have had enough time to create, try and adjust company policies and operations to maximize income potential. Furthermore, these companies have highly trained professionals, training videos and workshops for new consultants to learn the ins and outs of the business without the hassle of experience through trial and error. Another advantage of joining a business that has already proven successful is that people know and recognize the brand. The majority of advertising has already been done; it is out and has been around long enough for people to decide if the product is something they have to have. This being said, established home party companies may have become too familiar for some customers. Chances are, if you have attended a specific direct sales home party in your area, so have your friends and family members. People can only attend so many of the same sales parties before the product becomes stagnant and buyers lose interest. Luckily, there are several new home party companies being introduced that offer different types of products.
Joining a new home party company can have both struggles and rewards. For instance, there isn’t a huge support system in tact to set precedents for possible issues that may be encountered, nor will all policies and procedures be effective in every given situation. Perhaps the biggest and most concerning question that could frighten a new consultant is whether or not the product being marketed is going to be in demand, or if the business idea will be a failure. However, the risks of getting involved in a new home party company can be quickly washed away with the benefits of being on the forefront of a potential billion dollar direct sales business. Most home party company business promotion strategies are based on tiered or leadership levels. If you join a new home party company that is still on the ground level, you are likely to be trained by the company executives, or people who created the company. This is beneficial as you will learn how to run their business directly from the experts. From the ground, there is also one way to go, and it’s up. You will be more likely to be promoted quicker, and have a potentially exponential downline that will contribute to your income. Finally, one of the biggest advantages of becoming a consultant for a new home party company is that that start up costs are lower and the potential for your individual success is greater due to the fact that you products will be a breath of fresh air to those who have been to the same party to support each of their friends who also sold the same product. By entering a new home party you are sure to attract customers. In fact, being the first person to market a new product in an area is how you can get your business to spread like a wild fire by word of party! Therefore, if you are the kind of person who can see the income potential a product has, joining early can save you the regrets of having to wonder what could have been.