A lot of you know my wife Paige, but I spend most of my time behind the scenes. I am a business management and marketing major. I am a business junky! I love reading Harvard Case Studies and any book on business and marketing. When my wife first told me she wanted to sign up, she was really worried and surprised that the cost was going to be $5,000. I wasn’t shocked at all the first thing that went through my mind was, better bust out an excel spreadsheet and do some data analysis and see if the math all added up.
I spent a day doing research and crunching numbers. After all that, I went back to my wife and told her to get the credit card and sign up, we couldn’t miss out on this opportunity. She was a little shocked I think she expected me to be more hesitant about it, but honestly I didn’t even care. I saw a massive opportunity and knew we had to join immediately no more questions, we could figure it all out later.
You may think I’m brash for my reaction, but here is my reasoning. If you get the clothes and it doesn’t work out, you can just sell it on the consultant trading pages, or sell it back to LuLaRoe at a slight loss. In reality you shouldn’t be out one penny if you decide it is not for you, maybe just some of your time and energy. But If it does work out the payout is HUGE. People forget this is a business and it takes money to start a business. I have not come across one business where you can put in so little and get back so much. For example, if you wanted to open a restaurant, you would spend hundreds of thousands of dollars.That is how it is for most business. But the difference here is the time it takes to pay yourself back.
Most business startups take years to turn a profit and 80% of them end up going out of business. Not here at LuLaRoe! There is a 92% retention rate compared to the 20% in other multi-level marketing companies. Why is that? The MONEY is REAL here. In case you are wondering, party plan companies have a retention rate of 40%, these companies usually carry products that average people don’t buy on a regular basis. A 92% retention rate is incredible.
Tell me where you can invest $5000 and within a few weeks have it paid off, and then start to pay yourself $5,000, $10,000, even $15,000 within a few months, and that doesn’t even include the bonus checks! LuLaRoe pays you for your team building and training. That is where the real money is, I know people getting $20,000 all the way to $100,000 bonus checks each MONTH from LuLaRoe. Once again, tell me a business where you put in $5,000 and get that kind of return.
I will finish up by leaving you with this short excerpt from a review by Harvard Business School on direct sales companies. It is talking about getting in early with a direct sales company.
Just as Harvard Business School analysis shows that if you get in at the right time it is a ONCE-IN-A-LIFETIME opportunity. I realized this immediately. The review then goes into detail on what it takes for the direct ales company to qualify for this once in a life time opportunity. One more thing I would like to point out from the Harvard article is that it mentions when a company reaches $50 million in sales the company reaches what is called critical mass and sales go off the chart. In 2015 LuLaRoe did $73 million in sales, and for the first quarter of 2016 they have done $116 million in sales, I call that going off the chart. The Harvard article was dead on regarding that one point, and I believe they are dead on with all of their points.Don’t worry it isn’t deep business reading it is 2 page written out in bullet point format, this reading is highly recommended for anyone doubting if the $5,000 is worth the investment.
If you want to talk numbers, or go more in depth into a risk vs benefit analysis, just contact me. I love to talk business and I love to help people with their business! Also Don’t forget to follow (Bottom right hand corner) my blog for my great insights, or check out my wife’s Facebook shopping page.