A Home Based Party Business
A home based party business is a fantastic opportunity – especially if you have a young family. Chances are you already know someone who is doing this, as it is one of the most popular moneyspinners for work at home moms.
Basically it is working as an agent for a reputable company and selling their products to your network of friends, and their networks of friends (hence the term network marketing or ‘multi-layer marketing’).
Companies such as Usborne Books, Body Shop, Virgin Vie, Pheonix cards are all well known examples of a successful home based party business (those examples mainly from the UK - I’m sure there are similar in other countries!). (Ideas and links to all these sites are on their way!) When my children were small I sold Usborne Books for three years. True, I didn’t make a fortune, and there were many things I could have done to increase my sales had I been more motivated, but I ‘covered Christmas’ every year, got loads of fantastic books which my kids are still reading, and best of all I got out of the house, and the kids came too! We went to every toddler group in the city and surrounding villages and I met new people every week while they played. It was one of my more sociable moneyspinners!
It may be that you want to take the kids along, in which case something like Usborne books is great for you, or you may prefer to head out during the evenings when the kids are in bed, in which case one of the make up or beauty product companies may suit you better – and most offer full training when you start.
There will be a home based party business to suit you: they are becoming so popular there are loads of possibilities out there.
Pros
- A home based party plan business is one of the best money spinners if you want to get out and meet people as well as making some money.
- You can take the kids with you a lot of the time, or work in the evenings if you are fortunate enough to have someone to leave them with
- You can choose your own hours to suit and put as much or as little into it as you like
- You can go on holiday, be off sick or take some time out as you need to and often still have an income
- You usually get full training from the company…
… and loads of products at a reduced price to start you off!
- There is usually the opportunity to recruit other people into the company and earn from their commissions as well
- Really you can make as much or as little as you like, depending on how much you put into it.
Cons
- There is usually an initial outlay to be made to get started on any home based party business. This can vary in amounts between companies any is often made back quite quickly… but you do need some money to get going.
- There may be some pressure from the company to recruit others into it, and this may not be what you are there for
- It can feel a bit awkward, sometimes, selling to your small circle of friends repeatedly
- There is a fair bit of admin and ‘bitty stuff’ to get your head round (if you are an organised sort of person this will not phase you. It phased me a bit!)
- Although there is the possibility of making a lot of money through it, and whatever home based party plan business you choose to go for will highlight lots of case studies to show that, most mums never quite make it to the higher levels, and simply make ‘enough’ – but that may just be enough!
Getting Started
- Choose a product you feel passionate about, believe in and use yourself. It’s hard to get excited about something you don’t believe in, and people will pick up on this.
- Don’t choose something your friends are already doing, unless you have a completely separate network of friends. Even if they are trying hard to recruit you, you will end up trying to sell to the same people initially (although your network will grow).
- Find out as much as you can about the home based party business and its commission structure. Read the small print! If it is a smaller, less well known company make sure it is not pyramid selling or taking money from you without giving you the products.
- It might be worth timing your joining carefully. Any home based party plan business is likely to sell more in the run up to Christmas, or the early summer can be a good time to start too. Look for special offers at various times of the year.
- Once you have signed up with a company you will probably receive training from them, but for more information, check out the marketing page (under consruction), or have a look at the fantastic (free) training by Jim Rohn which is unbeatable on the subject.
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