The Scentsy Opportunity – Do Not Join Until You Read This
Did someone just invited you to join Scentsy to earn extra income? Is this a real opportunity? 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. Scentsy, a Direct Sales MLM Company
Scentsy was founded in 2004, based in Meridian, Idaho. The company sells different types of fragrance wickless candles, 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 a Direct Selling company with MLM compenstation model. As an independent consultant, you will sell the product directly to the customers. You will be rewarded with commissions based on your Personal Retail Volume. Leadership Bonus are also paid out to team/group leaders who built teams of consultants, and these bonuses becomes the residual income.
2. How to Join Scentsy as a Consultant?
You will need to purchase a US$99 starter kit, which includes selected Party Fragrance Testers, demonstration products and a good range of business supplies such as party/training DVD, Brochures, Business Cards, etc.
You will then need to keep your membership active by maintaining a $150 Personal Retail Volume(PRV) every 3 months.
To receive orders online, you can also subscribe to a replicated website/webstore for $10/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. Upon building a team of consultants, you will also receive 2-9% of the Group Wholesale Volume.
4. Marketing Strategy based around Party Plan
Scentsy has been using party plan as its main marketing strategy, although it has allow its independent consultants to decide their own marketing approach. Many successful consultant have benefited from using party plan marketing strategy. The downside of party plan is that it requires a lot of time and manual effort to organize and follow up. On the other hand, many successful Scentsy consultants have also leverage on the online automated tools and systems, which more effectively market their product and services.
5. Inexpensive products
Scentsy’s products are inexpensive, therefore lowering the consumer’s objection to purchase. Ironically it means that you would need to sell a lot of it to make a significant commission.
6. What commission income are we talking about here?
Just for an example, here is what you need to make a $1000 commission:
A Sampler Multi Pack cost $105, your commission will be 20% at $21.
For the first 10 sales, you will receive $210.
You will receive $813.75 for the next 31 sales.
All in, you will receive $1023.75 for selling 41 sets of Sampler Multi Pack.
To realize this, you can invite 5 new friends to a Scentsy party, organize 8 parties in a month and sell to each of your friend 1 sampler pack in each party.
Although this might seem easy, you will need a lot of commitment, networking and time. The good news is that Scentsy does not prevent you from marketing online to leverage on the advance tools and strategies to promote your products and services. However what Scentsy does not provide is a Marketing System that will help you to generate new leads and convert these leads to customers or independent consultants.
A good Marketing system is one that will help you to attract massive traffic and generate lots of leads for you, and turn these leads to paying customers for affiliate products even if they do not buy from you.
If you really want to learn how to market online successfully, visit the below link to access this information:
Source by Jon Koh