Saturday, May 8, 2010

Can I Really Make Six Figures with my Direct Sales Homebased Business?


This question has a simple answer....YES, you can.

There are many stories about people making substantial income online. In fact, if you’re a direct sales consultant you probably have met a few people who bring home high give and six figures each year. While the average income for a direct sales professional is under $3000, there’s a reason for this and it isn’t that the potential for profits is low.

Deb Bixler tells a story on her website createacashflowshow.com about two pivotal people in her career. The first is a man she met at a direct sales party. This man had a very similar background to hers. He left the professional world to go into business for himself. He was able to grow his business to six figures. The other person was Myron Golden, who after some serious struggles in direct sales became a millionaire.

In fact, the recent economy has helped generate the newest wave of direct sales success stories. People without jobs are turning to direct sales as their primary and often sole source of income. This has created a new wave of direct sales success. And in part this mindset shift is the key.

Why making six figures is uncommon

There are many reasons the average salary in direct sales is so low. The primary reason is because people don’t look at direct sales as a potential business opportunity. They see it as a way to make a ‘few extra bucks’. However, if you approach it as your career, as an opportunity to make as much money as you want and as your own business, the sky is the limit.

What it takes to make six figures

The first thing to do is take a look at your commission rate and how many products you need to sell to make $1000. For many direct sales companies, one party generates $500 to $1000 in commission. From there, the math is easy. If your goal is to make $100,000 then that’s ten parties a month.

Let’s say for the sake of argument that ten parties a month is what you’re able to accomplish and at each party you make approximately $500 in commission. That puts you at just over half your goal.

What about your website? Can you generate online sales? Can you host online parties? If you can host online parties then reaching the ten parties a month goal is much easier, right?

The point isn’t to say that you have to host ten parties each month to make six figures. The point is to say that in order to achieve direct sales success and to become one of those success stories you hear about, you have to approach your business as a business. You have to set goals. You have to create a plan to achieve those goals. And you have to repeat your successes.

Does it take work to achieve six figures? Absolutely. Is it possible? Yes, with the right mindset it’s more than possible.


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