- Starting a Business
- How To Write A Business Plan
- How to Apply For An EIN
- How to Decide the Legal Structure of Your Business
- How to Form an LLC
- How to Create Your Brand
- How to Find State Licenses and Permits
- How to Name Your Business
- How to Keep Records
- How to Create Your Website
- How to Manage Your Finances
- How to Find Funding
- How to Market Your Company
- Personal Development
- How to Crowdfund
- How to Decide Your Exit Strategy
- Inventing a Product
- Buying a Franchise
- Home Business
Home Based Businesses
How To Know If A Direct Sales Home Based Business Is For You
Want to be in business within hours? Direct sales can do just that. Having a direct sales business can give you the structure and know how of a franchise and the freedom of an entrepreneur all in one. Direct Sales companies typically have very low start up costs, provided training, usually no territories and you can be in business within hours.
Some of the more popular direct selling brands include Amway, Avon, Mary Kay, Pampered Chef, Silpada Designs, and more. With the downturn in the economy, direct selling companies have seen huge increases in their recruitment numbers. Because consultants own their businesses, they can never be laid off, they make their own schedules and essentially determine their own success.
When Lauren Gustafson's sister-in-law, Jen Semelsberger-Besecker, started her own Mary Kay business back in 2004, she was astonished to watch Jen make six figures within the first year. Lauren signed up right away under Jen and is now working her Mary Kay business full time. Mary Kay consultants make 50% of all sales and because their product is a consumable, they tend to have a lot of re-order business.
The fitness industry is a multi-billion dollar industry and Team Beachbody, which operates P90X among other at home work out opportunities, exploded onto the market in April of 2007. Since then, they’ve recruited over 45,000 coaches who help others on their path to fitness. Beachbody coaches make 25% commission on all retail products and earn commissions on team volume.
Tastefully Simple is another direct selling business that has seen significant growth since it’s inception in 1995. Tastefully Simple offers easy-to-prepare food and gifts, such as soups, beverages, dips, main entrees and even seasonal products. Consultants earn 30% on all retail sales and like other direct sales businesses, your income grows as your team grows. You can choose from two business kits to get started ranging from $89 - $170.
Want to see more opportunites?
The Direct Selling Association has a directory of direct selling companies that have been evaluated and granted membership based on a code of ethics established by the DSA. We recommend browsing through their directory to find the opportunity that is right for you or to make sure that the direct selling business you are considering is a member.
Want to know who some of our favorite home based businesses are? Here you go!!