Wingers Review & Giveaway
May 14, 2012Whip It Wednesday
May 16, 2012
Types of home based businesses:
· Work
for others- signing up with an existing company where you usually sign up under
someone else
for others- signing up with an existing company where you usually sign up under
someone else
and they receive a commission on your sales.
· Work
for yourself (new business)- start your own business from scratch.
for yourself (new business)- start your own business from scratch.
3
types of Selling:
types of Selling:
1. Products-
items customers purchase
items customers purchase
2. Service-
time or skills
time or skills
3. Membership-
membership to a website, club or organization
membership to a website, club or organization
Inventory vs. orders:
· Inventory-
You have to have products on hand to sell to customers.
You have to have products on hand to sell to customers.
o
Pro’s- easy sell to those in a
rush for their product, samples on hand to show/display
Pro’s- easy sell to those in a
rush for their product, samples on hand to show/display
o
Con’s- needs a large amount of
money up front to purchase the inventory items, requires storage space (some
may be heat/cold sensitive), if items don’t sell and expire you lose your
money.
Con’s- needs a large amount of
money up front to purchase the inventory items, requires storage space (some
may be heat/cold sensitive), if items don’t sell and expire you lose your
money.
· Orders-
You take the money and orders from customers and submit them for products.
You take the money and orders from customers and submit them for products.
o
Commissions paid afterwards-
example: $100 in orders, when you submit them you pay $100 and the company will
send you your commission check at a later date.
Commissions paid afterwards-
example: $100 in orders, when you submit them you pay $100 and the company will
send you your commission check at a later date.
o
Instant Commissions- example:
$100 in orders, when you submit them you pay the total minus your commission.
(so if your commission is 25% you’d pay $75 for $100 order)
Instant Commissions- example:
$100 in orders, when you submit them you pay the total minus your commission.
(so if your commission is 25% you’d pay $75 for $100 order)
1 Comment
I am starting up my own home based business and will be making ALL NATURAL/NO CHEMICALS Soaps, body lotions, Body Scrubs, Bath Salts and Lip Balms. I am only selling items made from plant based products that are not grown with chemicals and are eco friendly. I hope that I can show the Cedar City public they can get quality natural products without having to spend a fortune doing it.