Posts Tagged ‘Start-Ups’
Party Plan vs Network Marketing
There are two primary business models in direct sales: party plan and network marketing. They represent the largest share of companies in the industry. Over the years, these two have evolved, but even today they share some similarities and distinct differences. I will present an overview of the differences and shared features. First let’s discuss…
Read MoreMLM Corporate Startup Essentials: Part III
Compensation plan—it better be good! Does a compensation plan make or break a startup MLM company? History suggests that a good one is helpful and a must. Does it drive success? Probably not. Will a bad plan contribute to failure? Probably, together with other unlucky breaks. As industry expert Michael Sheffield notes with respect to…
Read MoreMLM Corporate Startup Essentials: Part II
(Excerpts taken from the forthcoming book, Starting and Running the Successful MLM Company) Part ll of lll MLM business experience—possess it or buy it! MLM is not just any business. It is not retailing, franchising, e-commerce internet or dot com selling, telemarketing, catalog, direct marketing or infomercial. MLM, under all its names—Direct Selling, Network Marketing,…
Read MoreMLM Corporate Startup Essentials: Part I
(Excerpts from the book, Starting and Running the Successful MLM Company) Part 1 of 3 Rules to keep in a very safe place The umbrella term for the business is “direct selling.” Whether it is the variety practiced by Tupperware or Amway or Nikken or The Pampered Chef, it still is in the business “species”…
Read More5 Common Mistakes in MLM Startups
You’ve created a product or multiple products unlike anything else out there. Now, you’re excited and determined to start your own successful MLM Company. We’ve provided you with several articles to help you grow and build a successful MLM business: Starting an MLM Company that Will Last and Starting an MLM Company that Will Last Part…
Read MoreLaunch Your New MLM with Team Building
Getting a new business off the ground can seem daunting. It’s important to remember the secret ingredient that builds teams and breaks down walls: communication! Effective communication pushes your leadership team up the challenging ramp towards launch. Inject motivational themes into conference calls and scheduled text alerts as you prepare to launch, and you’ll find…
Read MoreCorporate Feature: Self-Assessment of Consumer Use Tax
Introduction For most companies, the imposition of sales tax is a normal part of business operations. However, consumer use tax is often overlooked, leading to costly transactional audit penalties and interest, or unnecessary overpayments. Consumer use tax associated with untaxed purchases often represents the greatest portion of a transactional audit assessment for many businesses. Consequently,…
Read More