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    Corporate Feature: The 4Life Top 10 List

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    DXNBOZY
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    عدد المساهمات : 6
    تاريخ التسجيل : 04/08/2010

    Corporate Feature: The 4Life Top 10 List

    مُساهمة  DXNBOZY في الأربعاء أغسطس 04, 2010 8:31 am

    Steven Tew
    Thursday Jul 15, 2010

    Recently, Direct Selling News Magazine welcomed 4Life Research into the $100 Million Club, a group of direct selling companies with an annual global wholesale revenue of $100 million or more. Here are 4Life's top 10 tips for becoming a $100 million company.

    Are you familiar with Dave Lettermen’s Top 10 List? Well, here is the 4Life Research top 10 list of tips for becoming a $100 million direct selling company.



    #10 - Hire quality financial personnel



    ✓ Know where you are at, especially in the early years.

    ✓ Anticipate significant monthly cash volatility.

    ✓ Acquire an integrated system.

    ✓ Consider hiring local expertise in international markets.



    #9 - Pay taxes and commissions on time



    ✓ Voluntarily register with states for the collection of sales taxes.

    ✓ Don’t forget Uncle Sam.

    ✓ Comply with local regulations.

    ✓ Pay commissions on time - Paying distributors late is the deadliest sin.

    ✓ Utilize reliable software.



    #8 - Understand the company’s role



    ✓ Recognize the company has no sales staff.

    ✓ Understand cultural differences.

    ✓ Strive for “operational excellence.”

    ✓ Reward distributors with recognition.

    ✓ Crate a competitive compensation plan.



    #7 - Be unique



    ✓ Just like distributors, the company needs a “story.”

    ✓ Identify what sets you apart and focus on it.

    ✓ Simplify the company “story.”



    #6 - Have a product people will buy outside network marketing



    ✓ Leverage off of patents, exclusivity, and uniqueness.

    ✓ Establish a need for a regular purchase.

    ✓ Identify long-term potential for product.



    #5 - Give back with service



    ✓ Fulfill distributors’ desire to be a part of a meaningful cause.

    ✓ Target service towards areas meaningful to distributors.

    ✓ Perform service together.



    #4 - Have the right balance of product vs. opportunity



    ✓ Create substance in the product line.

    ✓ Provide meaningful earning potential for top distributors.

    ✓ Enable both new distributors and top distributors to succeed.



    #3 - Seek out creative ways to grow



    ✓ Consider “Not for Resale” model in foreign countries.

    Not for Resale Model: In countries where you are not allowed to promote product, you ship a small quantity for personal use.

    ✓ Establish business models with limited local country support.

    ✓ Follow your distributor trailblazers.



    #2 - Become “partners” with quality distributor leadership



    ✓ Think carefully about “buying” distributor leadership.

    ✓ Treat leaders as “partners.”

    ✓ Seek out distributor leadership with common values and passion.

    ✓ Seek out ethnic groups.



    #1 - Run your business with integrity



    ✓ Consider joining the Direct Selling Association.

    ✓ Hire good counsel.

    ✓ Do things right! affraid

      الوقت/التاريخ الآن هو الجمعة ديسمبر 09, 2016 12:46 am