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Based Business Ideas Part 5
Believe it! You can easily make $50,000
in the next six months or less! After that, you can practically
be guaranteed at least that much, but probably much more, every
year for the rest of your life, without really working.
The way to accumulate this kind of wealth
is with your own business of selling merchandise via The Party
Plan. few other businesses can so easily give you this kind of
wealth as quickly, and keep your income growing.
A recent questionnaire, circulated among
hundreds of successful direct sales merchandisers across the country
asked this question: "If you were to start over today, knowing
what you know now, and could choose the one method of merchandising
that would make you really rich in the shortest period of time,
which would you select?" Of those questionnaires returned,
94% stated they would go with The Party Plan Method.
The sharp party plan operators (and the richest)
simply hold motivational sales meetings for their sub-distributors
about once a month. During these meetings, they are teaching their
sub-distributors how to recruit new hosts and hostesses, or husband
and wife host and hostess teams.
A host or hostess can be any person who is
agreeable to holding a sales party at his or her house. Almost
always, this person is rewarded for having the party with a percentage
of the total business or a agreed upon special merchandise gift.
These people invite friends, neighbors and
relatives to the party. Your sub-distributor doesn't have to do
much more than make contact with the people willing to hold parties,
supply the merchandise, and sometimes offer to help or be there
to make sure everything goes smoothly.
Here's the kind of money you can realize
with this business: Say you have ten sub-distributors, and each
one arranges only five parties a month, and each party does $200
in gross business. That's a total of $10,000 per month in total
volume. And from that total volume, you make only 30%. Figure
it out for yourself. This would give you a personal income of
$3,000 for thirty days in which you did no more than hold one
or two motivational sales meetings!
Besides each party is at least guaranteed
to give your sub-distributor at least two more hostesses for future
parties, and those future parties will provide still more hostesses.
this chain is endless, and will build as fast as you can keep
up with it.
Choose an evening for your party--any evening
excepting Friday through the weekend. Generally 7:30 is the most
convenient time for the greatest number of people. If it's inconvenient
for whatever reason to hold a party in your home, arrange with
a friend to hold the first couple of parties.
Make up a list of 30 to 40 people you can
invite to the party. They can be friends, neighbors, relatives
or people you know from work, even acquaintances with whom you
do business such as the check-out clerk where you buy your groceries
or people you meet at the bus stop on your way to work.
After formally inviting these people, you
then call to remind them of the party at least a couple of days
before the date of the party. This is important, because of the
original 40 people you invite, at least 15 will not show because
it slipped their minds, last minute circumstances that force change
in plans, and those that really weren't interested in the first
place.
On the day of the party, get your merchandise
display set up early. The party should be held in the largest
room in the home---usually the living room--with the merchandise
display the center of attraction.
The merchandise should be set out on a sturdy
table covered with a good white or light colored cloth, and the
merchandise should be arranged by group or type---the jewelry
items together; perfumes bat oils and colognes together, crystal
together, and so on.
Try to put a bit of imagination and showmanship into your merchandise
display. This will have the effect of making your merchandise
look much more valuable than it actually is. Those that do put
a flair into their merchandise displays find that it increases
their sales by as much as 25 percent over an ordinary showing.
For instances, a high intensity light focused
on the display will cause the jewelry to sparkle, the stainless
steel to gleam, and the brassware to glimmer like valuable heirlooms.
Another idea would be to tack a piece of
velvet onto a 4 by 6 foot piece of plywood and use it to display
rings, earrings, necklaces and watches.
In jewelry sales, another idea is to hang
a mirror on a wall near the merchandise display. If you or your
hostess has room, you might want to set up a card table, covered
with an expensive looking piece of material, place a dressing
table type mirror on this table, with a chair available for your
guests to sit at the table while they try on the various items.
The guests then make their selections after determining how each
item looks on them.
regardless of what you do to make it easier
for your guests to select and buy, a hand mirror is an absolute
must whenever you're showing jewelry. It would be wise to have
several hand mirrors available---two for your merchandise display
table, and an extra one on the 'admiration" table.
Besides your merchandise display, be sure
also you're organized with your refreshments. These usually consist
of coffee, tea, soft drinks, cookies, or other "nibble' items.
The host or hostess usually makes arrangements in advance for
one of the guests to assist with the serving of refreshments.
Be sure you have nametags for your guests,
and a couple of felt tip marking pens. And don't forget the order
forms. these should be standard two-piece self-carbon forms---one
copy for your customers and the other for your files. The best
idea is to buy the order forms. All these items are commonly available
in stationery stores. Rubber stamp your name and address on each
copy of each order form, at least a couple days in advance of
the party.
Still another item to remember is your merchandise
catalogs. Be sure you have a good supply on hand, rubber stamped
with your name and address. Later on, when you're established
and the money is rolling in, you can have your name and address
imprinted on your catalogs.
If you don't have a merchandise catalog,
consider making one of your own. A valuable and easy-to-follow-
manual "HOW TO PREPARE YOUR OWN CATALOG" (book #1203)
is currently available. Another manual that will be of special
interest to you is the "CLOSEOUT MERCHANDISE MONEY MAKING
MANUAL" (book # 1668). Both these manuals are available from
the dealer who supplied this report.
While we're on the idea of catalogs, we'd
like to point out that a lot of Party Plan Merchandisers are also
dealers for the extra-income book catalog, "Unique Books".
They feel that almost everyone is interested in extra income ideas,
and the Unique Books catalog has a wide selection of reports and
manuals describing supplemental income opportunities. Leaving
one of the book catalogs with guests at the party results in an
on going flow of book orders for months afterward.
Back to the Party Plan. about half hour before your guests are
due to begin arriving, turn on all the lights in the room where
the party is to be held. This will give the room a bright, warm
feeling conductive to a party kind of atmosphere. And by all means,
be sure to turn off all the radios, stereo and TV sets. Eliminate
any and all noises from other rooms in your home that might distract
the attention of your guests.
Every party should be planned, and follow
a prescribed format agenda. This is because without a plan, it'll
just be a gathering of people wasting time at your home instead
of theirs. you must have a plan to know what to do next in order
to achieve the desired results. Having a "pattern" is
also the easiest way to teach others to duplicate your success,
and idea of following a successful formula is a proven method
of making the most sales in the least time.
Phase one is the greeting and get-acquainted
time slot--about thirty minutes. The hostess greets the guests
as they arrive, prints a name tag for each, introduce them around,
gives them a catalog, points out the refreshments, and leads them
into conversation with the other guests.
The second phase is the " game-playing"portion
of your party. This phase is used to relax everybody and get them
involved in the party. It should last about 15 to 20 minutes.
Next comes the merchandise presentation by the hostess, who shows
and describes each item on display. If you have a jewelry available,
ask different guests to try on particular items and show the others
what these articles look like in use. the length of time spent
on this phase of the party will depend in large on how much merchandise
you have on display, but generally, you shouldn't spend more than
about 20 minutes showing and describing your merchandise. Then
give your guests about 10 to 15 minutes to personally inspect
and try on the items that have aroused their interest.
You should mingle and converse with the guests
during this time period in order to answer specific questions
or explain the possible uses of an item, where it might look good
in the buyer's home, and any interesting tidbits relating to where
an item came from, how it was made, or the satisfaction of an
earlier buyer.
When you seem to have answered all the questions,
and everyone appears to have made their selections, start writing
orders. Don't hesitate to ask for orders. Writing orders should
take about 15 minutes, and then you should let the party begin
winding down.
During this time, mingle with your guests
and anyone showing a spark of interest should be approached with
an offer to serve as a future host or hostess. As each guest starts
to leave, thank them for coming and walk with them to the door.
The total length of your party shouldn't
be much more than two hours. Time and time again, it's been proven
that you can do everything necessary, and make the most sales
in this period of time. You lose effectiveness and make fewer
sales with appreciably more or less time.
There are a couple of proven ways to recruit
new hosts or hostesses from the people attending your party. First
of all, watch the guests as they are looking over the merchandise,
examine, admire and wish for something they don't quite have enough
extra money to buy. When you've determined that a particular guest
wants a specific item but can't quite fit it into the budget,
simply take her aside to a secluded corner of the room, and explain
privately that you're willing to give her the item she has been
looking at and wanting, if she will agree to invite her friends
and relatives to a party in her home.
This approach works almost every time, and
your only expense is the wholesale price of the item you give
her as a free give.
The second sure-fire approach is to offer
a cash incentive. You do this by offering to allow 5% to 10% of
the total sales volume resulting from the party staged for you
by this type of recruit. Ther's a plus factor for you on this
one, because you'll be getting the enthusiastic participation
of the host or hostess on the selling side. Once you've explained
to them how your program works, they'll generally do everything
they can to make the party a huge success, and thereby increase
their pay for the evening.
When you give a gift to the hostess for having
the party, the presentation should be a special ceremony staged
with all the "Show Biz" flair you can muster, at the
end of your merchandise showing. However, when your gift is a
cash award, carry your presentation over to the next party and
make it a big production of it as well. Don't forget to invite
the "guest of honor" to your next scheduled party for
the big presentation.
During these presentations many of the other
guests will be favorably impressed, and as a consequence will
ask for details.
Actually, your recruiting efforts should
begin when you start taking orders. Every person you talk with
should be offered the opportunity to hold a party of his or her
own. Then just before the party begins breaking up, ask you guest
as a group if any of them would be interested in holding a similar
party in his or her home. You ask those who voice an interest
to stay for a few minutes in order to work out the details.
You should have an Appointment Book for this
scheduling. Simply ask what date would be favorable for them,
mark that date in the book, along with the name and address and
telephone number. Then assure each that you'll call in the next
day or two to work out the details.
Many party plan merchandisers also use a
letter. They write a letter extolling the fun and excitement of
the parties, explaining briefly the opportunities to receive free
gifts of their choice or big commission checks. Then they invite
the letter recipients to call for complete details on how they
can stage a party. These letters are usually printed in volume,
and then slipped inside the covers of the catalog these merchandisers
give to each person attending the parties. Sometimes these letters
are handed to each guest as the party breaks up.
Some party plan merchandisers also run small
classified ads in the area newspapers. This advertising plays
up to the opportunities available to make regular commission checks
(extra income) simply by holding parties in their home. people
interested are invited to phone for more details. response to
this kind of ad is generally very good, with the conversion rate
better than sixty percent!
Most people tend to feel party plan merchandising
is exclusive to women, but don't you believe it! It's true that
women generally establish themselves more rapidly than men with
this kind of sales operation, but over the long haul there are
just as many men operating successful party plan sales operations
as there are women.
Men are usually not as adept in establishing
social "chit-chat" relationships as women. Therefore,
the man who wants in on the vast potential of party plan merchandising
should consider working with a women.
A husband and wife partnership is an ideal working arrangement.
An acquaintance, girlfriend or relative will often work out just
as successfully. The basic requirement is simply that the "couple"
must function as a team, with the individual talents of one complementing
those of the other.
Probably one of the greatest secrets of success
with this kind of sales operation is that in order to make the
sales, and talk about $400 parties, you must have the widest selection
of merchandise possible.
Many beginners, not understanding that offering
the potential buyers a wide and varied selection of items to choose
from is what builds your profits in a hurry, base their entire
merchandising plan around a selection that's of special interest
or particularly appealing to themselves It's all right to include
the items that you especially like, but don't base your entire
merchandise line on the things you like you're selling to others
not yourself!
Most successful party plan merchandisers advise that you should
display at least forty different items, and more if you have the
supplier contacts or the buying expertise. The actual decisions
on which products to carry and display at your parties should
be based upon these four factors: 1) The kinds of gift items,
personal decor articles and general merchandise the people in
your area are buying; 2) The style or fads currently in vogue
in your area; 3) Contacts with enough suppliers who can furnish
you with the kind of merchandise your potential buyers want; 4)
Your ability to shop among the various suppliers, and verify that
you are getting the very best merchandise value obtainable.
Still another point to consider before buying
merchandise to display and sell; Do the prices you're having to
pay for your products wholesale allow you enough room for a reasonable
profit when compared to your time and expense?
Do some market research relative to your
ambitions; get answers to the questions we've set forth for you,
and when you're satisfied that you understand the workings of
Party Plan Merchandising, grab the opportunity and run with it!

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