From Broke to Rich in Five Years
Finding herself out of work and facing £400 ($655) rent payments, Debbie Davis, 29, from Sutherland, UK decided to turn her situation around and found such success that within five years, she's now making £250,000 ($409,639) a year, drives a Mercedes SLK and a BMW X3, and owns her own house. How, you may ask?
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Debbie is currently the most successful Avon representative in the UK, having sold £7 million in products for the company, and while she has a sales team of over 2,500, she still sells products to friends and family in her community.
In her first month, she earned £500 ($819) and brought on her partner Dave Carter to join the business. Their combined success led to being the company's top earners for the last 4 years, and Avon awarded them with two luxury cars and a paid vacation: "My friends say they can't believe I am earning this amount. It's phenomenal." It probably doesn't hurt that a third of British women claim to be Avon customers.
Most multilevel-marketing businesses (MLM for short), such as Avon, see success in their ranks when representatives recruit others to sell merchandise, and those new recruits find more new recruits in turn, and so on. A portion of the profits made by those on lower levels travel up the line, so it's in the best interests of the representative to recruit as many members as possible.
The Daily Mail explains Avon's process for new members: "To begin working for Avon, representatives pay a start-up fee of £15 ($25) which is deducted from their first two orders. From then on for every £100 (164) of products ordered, they receive a 20 per cent discount off the recommended brochure selling price, rising to 25 per cent for orders over £140 ($229). It is this discount which creates their earnings."
While members of MLM businesses can potentially make a lot of money, the majority see small gains -- in these businesses, success is mostly dependent on the drive and oftentimes good luck of the individual representative.
Before deciding to take the plunge on an MLM business (and this applies to every other line of business too), make sure you first have passion for the products and the enthusiasm necessary to woo customers. Things weren't easy at first for Debbie either, but one of the keys to winning is refusing to give up. Success isn't easy, but most good things aren't.
[The Daily Mail]