Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Friday, January 29, 2010

A Little Business Wisdom

1 comments

In 1910, J. L. Nichols authored a book entitled: "Safe Methods of Business" In his book he described many "Safe Principles and Rules" following are just a few of the points he made, amazingly they still apply today. Here are just a few of them:

#1. Remember that time is gold.
#2. True intelligence is always modest.
#3. Keep your eyes on small expenses, small leaks can sink a great ship.
#4. Avoid the tricks of the trade. Be honest and never misrepresent an article that you desire to sell.
#5. Be affable, polite, and obliging to everybody. Avoid discussions, anger, and pettiness. Interfere with no disputes or the creation of others.
#6. Finally, examine carefully every detail of your business. Be prompt in everything. Take time to consider and decide posetively. Dare to go forward. Bear troubles patiently. Be brave in the struggle of life. Maintain your integrity as a sacred thing. Never tell business lies. Make no useless acquaintances. Never appear more than you are. Pay your debts promptly. Employ your time well. Never be discouraged. Then work hard and you will succeed.

Even though this book was written 100 years ago, it is still true today.

Thursday, October 23, 2008

Pink Truth: Mary Kay is Prestigious

24 comments
Please, please, please talk to me about this one.

First, go check out the post at Pink Truth.

Pink Truth declares, "...Mary Kay is prestigious...

Now look. One thing that I know is that value is in the eye of the beholder. When you buy an off brand soda (at ten cents to the dollar of the name brand) you are often buying THE SAME SODA. They just turn the machine off, change the labels, and start the machine again. (I know I am over-simplifying a concept here, but the truth is the same.) We have been conditioned to pay top dollar for bottled water that we are now discovering is "worse" (whatever that means) than our tap water. A Ferrari still serves the same function as a Camry (point A. to point B.) with the exception of the fact that one: gets worse gas mileage, breaks WAAAY easier, and has considerably less passenger space and trunk space, AND loses its value at an astonishingly faster pace. Which one do you think would cost more?

Prestige, as it always has been, is a matter of perception. It is that simple. If you can buy a product for $2 and can find it at every Wal-Mart, K-mart, or whachamacallit-mart... it will never be able to "rise" to the occasion of being sold for anything more than $2. NO matter how "high" or "low" it's actual quality is, it will always be perceived as "cheap".

Now, whether you "like" Mary Kay or not, the concept of marketing a product (choosing your demographic and pursuing it) is not "part of [a] massive shell game".

Tracy says,

"I'd rather not pretend that I have only two openings next week (when I really have the entire week free) so that I can sound busy and ask you which is better for you."

Now, I don't know exactly what she is referring to here, but it is a well understood fact (yes, I said fact) in the "sales and/or appointment setting business" that you are much more likely to receive a positive response if you don't ask yes/no questions. In other words, instead of, "would you like to meet with me some time next week?", you might ask, "I have two time slots open next week. My morning is open on Wednesday and my evening is open on Thursday. Which one of those would work better for you?" This leads more naturally to customizing a time that is good for them and makes them comfortable that they are not, heaven forbid, encroaching on your time.

All that to say, this amounts to little more than the difference between the retail salesperson that says, "can I help you" (response: no, just looking) VS "WoW those shoes would look FABULOUS on YOU!!! can I get a pair in your size so that we can see?" (response: oh sure, why not) It can't hurt to just look, right ladies?

Sorry, I digress. Pink Truth would love to make Mary Kay out to be this insidious disease that plagues our nation. (who am I kidding... "would" ... HA!! they "DO" love to...) The bottom line is that it is not. It is just a sales organization, with sales people that are selling a product. Perhaps if Pink Truth would turn their attention to the mess of a financial crisis our country has got itself into they could uncover a TRUE conspiracy. :D

Okay, this is supposed to be about all of you. What are your thoughts on this?

Is Mary Kay a prestige brand? Should consultants "pretend to be busy"? Do you know consultants... scratch that, PEOPLE in general, that think that time with them is a privilege?

Leave your thoughts in the comment section.

P.S. The following is an exert from today's P.T. post... adapted - just slightly - to be a little more truth-y. Let me know what you think.

Pink Truth is based upon numerous deceptions, and sites like Balanced Mary Kay are the only way to expose these deceptions to the general public and help prevent women from getting duped into living a lonely, bitter life.

Monday, July 7, 2008

How would you like your business opportunity? Well-Done or Raw?

17 comments
There has been some talk lately here about the differences between MLM and so called, “Conventional” Corporate America. (CCA) In this scenario, I am comparing (primarily) the “entry level” of CCA (as in “team member” or “employee” – not franchise owner or CEO) to the entry level of MLM (as in buying the starter kit or signing the contract).

I think that the differences between these (at least for the purpose of discussion here) can be boiled down to the direct effect each has on the individual.

In the "CCA" companies like Wal-Mart, the distribution of rewards and penalties is pretty even. The person that shows up early every day, sweats out a hard day, offers phenomenal customer service MIGHT get a quarter of a dollar more than the lazy person that is late everyday, never makes an effort and talks nasty about the customers. That is only if the hard working person gets "noticed" by the right people in management. Otherwise, the lazy one (who for some reason always seems to be better at B.S.ing about how hard they work) is often likely to get the raise/promotion.

Similarly, a really talented sales person, someone that really knows the company inside and out, knows the product, and is always creating great matches between the product and the customer is not likely to see a penny more than the person who just shuffles over to a shelf, grabs the first product their hand finds, and says, "here". (or better yet, just points and mumbles something about "over there")

Welcome to retail, right?

But seriously, in that world, you could say that the risks and rewards are "socialized" to all of the bottom level employees. The huge nationwide sales force creates a "norm" and the upper management decides how much they collectively will receive for their effort. It is safe. But fairly unrewarding.

MLM on the other hand is much crueler. Each person involved will have their own unique outcome. In many cases, the "problem" with CCA that I mentioned above is "fixed". The really good, hardworking, friendly, representatives get rewarded for their persistence and diligence. The lazy slacker gets nowhere. (please, please, please note that I am not saying it the other way around... as I am about to explain)

But, because not all who succeed are the hard workers, and not all who fail are lazy losers, you have some very polar extremes.

In the pink corner, you have the ones that have learned how to manipulate the system impeccably. They are so good at it that it is impossible to tell them apart from the ones "doing it right". To speak ill of them directly is blasphemy of the worst kind. They are nearly untouchable. You have met this kind of person in other parts of your life. They are the kind that can say something without actually saying it... so that if you come back later and say, "You said xyz", they can say, "no, no, no... I would NEVER say that, I actually said, "yzx"... you must have misunderstood me". With great care, they spawn miniature versions of themselves. The "mini-me" of course is not AS careful and will get herself in trouble by saying things like "executive pay/part time hours". When (and if) this ever makes it back to the originator, they claim they never said that... and that the person who did say it, 'must have misunderstood'.

In the other corner, you have the "Crusaders for Truth". These are the ones that, unfortunately, were the victims of those in the "pink corner". Some of them were close to the "source". They were seriously manipulated from someone that "knew all the rules" and did a real number on them. Most likely, they were not only burned, they were led into burning others. Others were further from the source. They either got little burns or barely escaped getting burnt, but felt the flame nonetheless... and, understandably, want nothing to do with the flame. The problem is, for these people, this is the only Mary Kay they know. For them, that is not "a part of Mary Kay", it IS Mary Kay.

Between these two extremes, you have everyone else. Believe it or not, there are a lot of people that simply did not work hard enough. Building a client base and/or a team is hard work. Some people simply got overwhelmed and decided that a minimum wage job was a better match for them. (Some, obviously, do much better than minimum wage. I am using minimum wage to say that in some cases even the "worst case scenario" in CCA is better than MK for them) Some decide that they just don’t like sales, or recruiting, or both. Some find the “always on” aspect of things to be undesirable. But on the other side of the coin, some have found great enjoyment in being "personal use/friends and family" consultants. More skin care for less money. Some wanted a "hobby" and lost interest. Some started a hobby and turned it into a thriving business. Some started out with the intention of building big… and have done just that.

In the middle of the two extremes, you find a lot of people that feel (as I do), that Mary Kay, "is what it is". It is a business model. An opportunity. Some see it as a perfect fit for them. Others see no fit at all.

It really all boils down to you.

If you are happier in an environment where you show up at a specific time, do a specific set of things, and get a specific number on your paycheck every other week, may I recommend something in the “CCA” section?

If you prefer to blaze your own trail, and are willing to take the risk that you may blaze a trail that gets you lost or in trouble in exchange for the possibility of discovering something new and exciting (not trying to oversell the opportunity here, just trying to stay in the vein of “trail blazing”!) than I have something in the “MLM” section that you really need to see.

*Note. I am sorry if the title of this post was misleading. I know that I did not mention "well-done" or "raw" in the post at all. And I "created" the title AFTER I wrote the article, so, yeah.

Wednesday, December 19, 2007

Great Question About Mary Kay

3 comments
Judi, one of the original readers here and long time commenter asked a question a day or two ago.

While I was only able to briefly respond, many of you lent some interesting perspective to the question.

I have been informed that this blog is a little difficult to navigate, and I concur. I will be working towards fixing that (temporarily and long term) this weekend. I have tomorrow and Friday off work so, for me, today is Friday!!!! *big sigh of relief*!

That said, Judi asks:



The reason I talk about quitting jobs and doing MK full time is because pro MKers all have such positive things to say about MK. They say how wonderful their business is going. They only have inventory that they actually sell. Not much is sitting on the shelves. If it is so wonderful, why hasn't it replaced the other job? If you weren't working at that job couldn't you put more time to MK and make more money? Then you wouldn't have to have 2 jobs. This is what I don't understand. If you are truly making money that is worth the time you put in, wouldn't you be better off devoting more time to that endeavor.

And as for my Director and her finances, I got to her house one day - the house keeper let me in - and my director did not know I was there. I over heard her fighting with her husband over the co pays she had been making on her car and the fact that her business was losing money. That's how I know about her finances. Believe me, she would have never told me that.

And if you can make money by selling only, not having to recuit, then you dont' have to be a director. You can just sell. I don't think being a director is wonderful. I never aspired to that. I wanted to make my $300 per week after business expenses and taxes. I never did it for more 3 weeks in a row. It was not consistant. And I know there are other jobs that the income is not consistant. But I was lead to believe that MK would be. Even after questioning it and saying the if it's too good to be true it probably is. My director said oh, no it's not. That's the beauty of MK.

To recap, if MK is so good and you CAN make money with it, why keep your other job? Why not do it full time? Devote more time to the money making job and quit the other. Especially if you have kids. Wouldn't it be better to only have 1 job? I am not being ugly. I truly want to understand.

In essence, "If Mary Kay is such a solid money earner, why not quit you current job and work Mary Kay full time?"

I think this is a very good question and well worth the exploration it requires.

My immediate response to her question was;

I don't have much time, so I will try to make this brief. Hopefully I can write a full post about it soon because it is a very good question.

Simply put; most sales situations require a building process. You will not be hugely successful overnight. That is why you should always avoid "get rich quick" schemes. They almost inevitably will destroy you.

Mary Kay was never meant to be a get rich quick scheme. Some people (your director from the sounds of it) have *tried* to twist it into that. If you look closely at some on PT, you will see that many of them either tried to do that themselves, or were led to believe that was the case.

Do not be confused by people that tried to "get rich quick" for many years! The fact they were doing the wrong thing over and over again, expecting different results, does not mean that they were not trying to "get rich quick".

While some people CAN start with no job, or quit their current job, it is generally not recommended. The ideal way to build a client base is one customer at a time, and very patiently. You have to demonstrate yourself to be consistent to your clients so that they know they can rely on you when they need you.

There are plenty of stories of women that encountered circumstances in life that necessitated them making an "instant" income to survive. If you look at the hours they put in to survive, you and I would probably pass out from exhaustion just thinking about it! That is not a typical persons ideal!

Most people would prefer to add a little here and a little there until they have something much bigger.

AND

If you can build this way, why drop the other income?

Month 1 - $4,000 from job, $100 from MK

Month 12 - $4,000 from job, $600 from MK

Month 48 - $4,000 from job, $3,000 from MK

I am not saying this WILL happen or that getting to $3,000 will not require more effort than getting $100, but if that was what you were finding, why would you quit the $4,000/month job?

When you come to the place that you are making the same amount monthly that you make at your job, would you rather (in this illustration) make $4,000/month OR $8,000/month?

I would choose the bigger number. Especially if it was not requiring a lot of effort!

More on that later, got to get to work.


Not very brief, I know, but when have you ever known me to be brief?

Anyway, if you have not followed this particular conversation you can pick it up here as there are several other responses there. If you have a response there that you feel is worth repeating here, that is more than OK!

So here is your place to explain how you view YOUR Mary Kay business.

If you only work it part time, why?

If you work it full time and are making enough money to live off, how?

Did you have to build up to where you are? How long did it take? What are you doing to "get to the next level"?


I guess it boils down to, "How do you run your business and why?"

For Further Reading...

This Week On Pink Truth - Click Here
Pros and Cons of Mary Kay - Read or Contribute or Both!
First Post - Why I Started This Blog
The Article I Wrote For ScamTypes.com (here) (there)
If this is your first visit please leave a comment here. I would love to hear from you!
If you want to email me: balancedmarykay@gmail.com
But you are probably better emailing mk4me: mk4me2@gmail.com