Overview
Shaklee was founded in 1956. They sell home care, weight reduction, skincare, and nutrition products. They're the best company that definitely manages their products by investing over $250 million in product research and development and by implementing over 83,000 quality assurance tests per year. So as you will see there's no questioning the quality of their products.
Now you're here just trying to find out if it's profitable to become a Shaklee consultant. Well, I'm going to focus on their business model and on the Shaklee compensation plan. I'm going to give you the facts so you can determine yourself if the Shaklee business opportunity is right for you.
What Are the Starting Costs?
To start a Shaklee business it will run you one flat fee of $19.95. You can find no requirements to buy any additional products to become a Shaklee consultant. Also, you can find no requirements of auto-ship to be able to qualify for just about any commissions or bonuses.
Now an optional cost is for a Shaklee consultant to have a corporate web site. The first cost of the web site is $29.95. You're essentially paying for the web site create fee and the monthly service fee. You're site may be up and running in a matter of minutes. After the initial cost, these month and thereafter is likely to be $14.95 monthly. You can customize your internet site with personal content. You don't need to have any special technical skills in order update your online site.
The Shaklee Compensation Plan
The initial way to obtain paid is what Shaklee calls a cost differential. Essentially, the difference between the retail price and the wholesale price are profits you keep. As a Shaklee consultant you buy the merchandise at wholesale that will be 15% off the suggested retail price.
The 2nd way to obtain paid with your Shaklee business is through a volume bonus. This means you earn an advantage from 4% to 34% on the basis of the total PV of these belonging to your team. PV stands for personal volume. Each product for Shaklee is assigned a specific value of PV, which again stands for personal volume. This means your cash bonuses are increasingly being calculated off the PV value and not off actual dollars.
Keys To Success & Training
Now to be able to have success with the Shaklee MLM opportunity you'll have to recruit people you understand such as for instance acquaintances, friends, or family. Also, you'll need to attend and promote hotel meetings, product parties, and even attend company seminars. The objective of attending these events are to promote your product and even possibly recruit new people into your sales team.
Shaklee consultants have the choice to attend webinars lead by high performers in the industry. Also offered is something called Shaklee University. This is an thorough online training tool for Shaklee consultants to master about their products and how to promote Shaklee products effectively. This can be a 24/7 online system that you should use if you please. And it's a free of charge service offered to Shaklee consultants.
Conclusion
There's no questioning the quality of the Shaklee products. However parts of the business model are out dated. The fact that you have to recruit friends or even family to attend your hosted product parties or attend meetings is not a method that fits everyone. In these settings you're promoting your products and recruiting potential people to become listed on your Shaklee opportunity. It's your responsibility to decide if you want this process.
Also, if you're a person that truly believes in the Shaklee product and actually uses the merchandise then I would not advise you against the Shaklee business opportunity. To be able to achieve any business opportunity you have to trust in your product and get the correct training from your own sponsor.
Also another fact to consider is that Shaklee sells low priced high volume items. The big profits aren't made in your personal sales but on your own residual income. To get this residual income you have to become a leader and train your team to become leaders, high performers, and manage to recruit more people. You've to make sure you have an established training system that duplicates success. This can be a characteristic of an MLM opportunity. And to be clear Shaklee is definitely an MLM opportunity.
Now another option is the most truly effective tier direct sales business model where nearly all your income is made from your sales volume and commissions. Here you're promoting a high end high commission product. This means you earn more income with less sales in comparison to a MLM business like Shaklee.
So it's your responsibility to work this out. Can you rather make a huge up front commission with a premier tier direct sales business model or can you rather make much smaller commissions but make huge residuals from your own team's success? I'm just giving you as much information that you can to ensure that you may make an informed business decision for yourself.
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