My Business Tip

Why You Should Be An Entrepreneur?

noreply@blogger.com (Anonymous) — Tue, 09 Jul 2013 11:48:00 +0000

Have you ever asked yourself this question: Why you should be an Entrepreneur? I mean, why not?

Why not be an entrepreneur for a change? Instead of planning your future according to the salary that will be given to you by your employer or your boss in exchange for the talent and skills that you have, why not use it for your own business and decide how much profit you want to make out of that talent/skills that you have?

Most of us think that we have to have a job to get paid and earn money. Regardless if we slave ourselves from our job just to earn more. But I know a lot of you will agree that even if you do overtime or even get promoted, you will never earn whatever percentage your boss or your employer is earning because you are not the business owner.

While I was working in London as a Sales Consultant, I was so happy I finally found a job that I could earn more than what I was expecting. At that time, I only wanted to earn more than 80,000 pesos if my salary in Pounds is converted to Peso. And I was happy and contented that I was earning what I wanted to earn. For me, that was already huge because I was only working for 20 hours a week and I was earning more than my dad's salary who was also working in London full time which means 40 hours a week.

But on my second year at Carphone Warehouse, there were some changes with our Team Managers. The Team Manager that was assigned to us was really good at his job. Since I was performing really well with my sales and I was hitting my targets, he pushed me to do more. He made me realize I could earn more than what I was earning if I were to raise my standards with my sales targets. So what he did every month was to challenge me to hit more than what our company has set for me. He offers a reward out of his pocket as a prize if I am able to hit the sales targets he has set for me. I was up to it every month and the result was really astonishing because from my salary of 80,000 pesos a month including commissions, it went up to more than 200,000 pesos a month. That is such a big difference right?

I did not know I could really earn that much but I was really thankful to him and I even told him that I wished he was already my manager during my first year at work so that I could have earned higher income.But you know what he said? He told me that he is happy to see me happy and contented with what I am earning but whatever I am earning is not even 1% of the profit that our company is making out of the sales that we bring in to the company.

What he said to me made me think.I was like, yeah, I am one of the sales consultant of the company which brings the sales for the company and I keep on working hard every month for me to get a higher pay but in reality, I only get less than 1% of the company's profits. That only means, if I am the business owner, then I get to earn most of what the business earns.

Not only that, since I am the business owner, I can dictate what time I should work and where to work. I get to decide what to do with my time. Talk about flexibility right? I know it will entail a lot of risk getting into a business and a lot of hard work to learn how to be a responsible entrepreneur. There will be failures along the way but it will be lessons that will teach you on how to succeed in your business. As the entrepreneurs always say, don't be afraid to take risks!

Everyone will have their own reasons along the way why they should be an entrepreneur and it should be reasons that will keep them going until they become successful with their chosen business.

Lourdes Recommends:

Longrich Philippines – Top Direct Selling Business in China

Bo Sanchez Truly Rich Club - Learn To Invest In Stock Market

Supreme Wealth Alliance- Download Ebooks For A Lifetime

My Jinga Juice- Health and Wealth Business Opportunity

Dont' Forget To Share This Post

Interesting Statistics of Direct Selling

noreply@blogger.com (Anonymous) — Sun, 07 Jul 2013 07:02:00 +0000

I have often encountered prospects in my Direct Selling Business asking questions like:

Can I really make money in direct selling?

Do I have to sell the products so that I can earn in this business?

If I start today, how long will it take for me to earn?

How much will I earn in this business?

These are questions that are usually ask by people who are interested to do the direct selling business but obviously, they still have doubts in joining and doing the business. It would be so hard to answer a generic one for these type of questions since everyone has different goals and reason of why they would want to do the direct selling business. The answers really depends on the person on what he will do to achieve his goals in doing the direct selling business.

But statistics can be a great source to help you give a wider view of what is really happening in the world of direct selling so as to conform with your goals and dreams if it is attainable or not. Take a look at the following statistics about direct selling to help and guide you in making that decision whether you should join a direct selling business or not.

This statistics were taken from Direct Selling Association's website.

Lourdes Recommends:

Longrich Philippines – Top Direct Selling Business in China

Bo Sanchez Truly Rich Club - Learn To Invest In Stock Market

Supreme Wealth Alliance- Download Ebooks For A Lifetime

My Jinga Juice- Health and Wealth Business Opportunity

Dont' Forget To Share This Post

Bo Sanchez: Success Story

noreply@blogger.com (Anonymous) — Thu, 27 Jun 2013 09:37:00 +0000

I remember back when I was still in High School, I have been reading his books and his teachings has helped me in some ways on how to deal with life. Bro. Bo Sanchez has a way of telling stories and writing articles that teaches you in the most easiest way that you could understand.

I look up to him on how he is able to teach people on how to be spiritual at the same time become financially abundant. I recognize his passion to make people aware that it is not a sin to make yourself truly rich so that you can also help other people who are in need.

I believe so much with his teachings and wisdom especially on financial literacy about stocks and investment that I am a proud subscriber of his Truly Rich Club.

To know more about Bro. Bo Sanchez, you can watch this video from Powerhouse, a GMA News TV program.

Lourdes Recommends:

Longrich Philippines – Top Direct Selling Business in China

Bo Sanchez Truly Rich Club - Learn To Invest In Stock Market

Supreme Wealth Alliance- Download Ebooks For A Lifetime

My Jinga Juice- Health and Wealth Business Opportunity

Dont' Forget To Share This Post

Top 10 Myths & Facts About Direct Selling

noreply@blogger.com (Anonymous) — Thu, 27 Jun 2013 05:45:00 +0000

I know that there are some people who wants to join a direct selling business but is usually taken aback by many doubts and fears about the business. Most of the time, before someone could fully understand how direct selling business works, they have already decided not to go for it because of myths that has been formulated in their mindset.

And without doing further research, they just take the myths about Direct Selling as it is. If only people will do more research to get a clearer understanding on what Direct Selling opportunity can really offer them,they might have arrived into a different decision.

So to clear out your minds if you are having fears and doubts of getting into the Direct Selling Business here are the Top 10 Myths & Facts About Direct Selling taken from Direct Selling 411 website.

MYTH #1:99.9% of direct sellers lose money; people are afraid to drop out for fear of looking like a failureFACTMore than half of direct sellers report that their net income from direct selling, after taxes and expenses, is positive. In addition, a positive net income is reported by nearly half of new direct sellers — those representing their current company for less than a year — and by nearly half of direct sellers who say that they are not very likely or not at all likely to continue in direct selling in the future.In addition, research shows the following:

four in five (82%) direct sellers have been with their current direct selling company for one year or more, and 47% for five years or more.
89% of direct sellers rate their personal experience in direct selling as excellent, very good, or good.
84% of direct sellers say that direct selling meets or exceeds their expectations as a good way to supplement their income or as a way to make a little extra money for themselves.
91% of direct sellers say that direct selling meets or exceeds their expectations as a business where the harder they work the more money they can make.

(Source: 2002 National Salesforce Survey, Research International, Inc.)

This myth is also quite interesting because it essentially asserts that 15.6 million people in the US and 92 million people around the world continue as direct sellers despite losing money. Are we to believe the 5% of the US population would continue in a business where they are losing money? Simply put, most people do not lose money in direct selling. Neither the facts nor common sense supports that theory. Further, anyone who gets involved with a legitimate direct selling company should not risk financial loss by doing so. The Direct Selling Association’s Code of Ethics, for example, is designed to protect direct sellers and their customers. Inventory buybacks (which include sales aids) and other provisions allow sellers recourse if there’s an issue with the company – no one should lose money in direct selling, nor should anyone feel like a failure if it doesn’t work out for them.

MYTH #2:Most direct selling companies are pyramid schemes that are doomed to fail.FACTThere’s a big difference between legitimate direct selling companies and pyramid schemes. Pyramid schemes seek to make money from you (and quickly). Legitimate direct selling companies seek to make money with you as you build your business (and theirs) by selling real products and services.In fact, legitimate direct selling companies work hard to protect consumers from pyramid schemes. Before you sign up with a company, investigate carefully. A good way to begin is to ask yourself these three questions:

How much are you required to pay to become an independent consultant? If the startup cost is substantial, be careful! The start-up fee in direct selling companies should generally be low and cover the cost of your start-up kit (usually sold at or below company cost) which can include training materials, sample products and other items to get your business going. These companies want to make it easy and inexpensive for you to start selling. Pyramid schemes, on the other hand, make nearly all of their profit on signing up new recruits. Therefore, the cost to become a distributor is usually high.
Will the company buy back unsold inventory? If not, beware! Legitimate companies that require inventory purchases will usually “buy back” unsold products if you decide to quit the business. Some state laws and the DSA Code of Ethics require buy-backs for at least 90% of your original cost.
Are the company’s products sold to consumers? If the answer is no (or not many), stay away! This is a key element. Direct selling (like other methods of retailing) depends on selling to consumers and establishing a market. This requires quality products, competitively priced. Pyramid schemes, on the other hand, are not concerned with sales to end users of the product. Profits are made on volume sales to new recruits, who buy the products, not because they are useful or attractively priced, but because they must buy them to participate. Inventory purchases should never be more than you can realistically expect to sell or use yourself.

MYTH #3:Recruiting is the key to success in direct selling; sales to end-users of the products and services are minimalFACTThere’s no doubt – recruiting is an important element of direct selling – just as expansion is important to any business that wants to grow. For direct sellers looking to build a business, recruiting others and mentoring them so they, too, can achieve their goals is important. But, recruiting is not a requirement for individual success in direct selling, and compensation must always based on the sale of products and services – whether your own sales or the sales made by your recruits.Consider the following: Thirty-four percent of direct sellers do not earn money from the sales of others, but just from their own personal sales. (Source: 1999 National Salesforce Survey, MORPACE International, Inc.)And what about those customers? It is true that most direct sellers are also consumers of the products and services they sell – for many they got involved after having already used the products, and some get involved just to buy those products at a discount.But, half (50%) of U.S. adults purchase products or services using the direct-selling retail channel during any given year. That’s roughly equivalent to 150 million people in the US alone who make at least one purchase from a direct selling company in a 12-month period. When you consider there are 15.6 million direct sellers in the US, that leaves a lot of customers who aren’t also direct sellers. (Source: 2004 General Public Attitudes Toward Direct Selling, Burke, Inc.)

MYTH #4:The vast majority of new recruits quickly drop outFACTNearly four in five (78%) direct sellers who are in direct selling for less than a year report that they are very or extremely likely to continue as a direct seller in the future. In addition, in a survey of former direct sellers, only 34% of them had a tenure in direct selling of less than one year at the time they dropped out from direct selling. (Source: 1997 Survey of Attitudes Toward Direct Selling, Wirthlin Worldwide) Moreover, the turnover rate of direct sellers is similar to the turnover rate of employees in the retail industry. During 2001-2003, the average annual turnover rate of direct sellers was 56%, compared to 53% for the retail industry. When considering the drop out rate, one also has to consider direct sellers who get involved for several months each year to earn extra money for family vacations, holiday gifts or other seasonal purchases. These sellers don’t “drop out” because they weren’t successful, they drop out because they achieved their goal and don’t choose to sell all year. For many, they’ll join again the next year and drop out just the same.

MYTH #5:Direct selling is an outdated method of buying and sellingFACTMore and more people are getting involved in direct selling because they enjoy the personal service that accompanies shopping this way. With hundreds of direct selling products and services to choose from, both those looking for supplemental income and those looking for a fun way to shop and socialize with friends find direct selling appealing.Home parties offer great opportunities to chat with friends in a relaxed atmosphere and browse through great products at the same time. And, you might even learn a new tip, trick or skill, or even pick up a new hobby. Many direct selling companies today emphasize education about a particular topic, taking the focus off the sale and onto having fun.Similarly, person-to-person demonstrations of products provide an opportunity to try products, talk to a knowledgeable salesperson and get personal service that only comes with direct selling.Outdated? Not at all. Today’s consumers demand high levels of personal service that many retail establishments just can’t deliver. Couple that with fun and flexibility, and you’ve got a winning combination. Direct selling is based on people so it easily changes with the times.

MYTH #6:Direct selling products are overpricedFACTThe consumer market won’t sustain products that are overpriced for long. Competition is a powerful force and products that aren’t competitively priced won’t sell and can’t last.But for direct selling, there’s a bit more to the price equation than might immediately meet the eye.The decision to sell a product through direct selling is often based on very specific factors. For example, products that require demonstration to convey the finer points of their operation are ideal for direct selling because a knowledgeable salesperson can personally conduct that demonstration for every customer. In a traditional retail setting, consumers might not understand the product’s unique qualities based on appearance or packaging.It’s true that some direct selling products are priced at the upper end of the retail market’s acceptance level, but there is higher acceptance based on the value-added incentive of the demonstration and personal service. Lexus brand cars are also at the upper end of the retail market acceptance level, but superior performance and service after the sale make that higher price reasonable.Each customer needs to weigh the price, quality and desirability of a given product and make a purchasing decision accordingly.

MYTH #7:Direct selling companies are unregulatedFACTSeveral governmental bodies, as well as the Direct Selling Association and organizations like the National Association of Consumer Agency Administrators, National Consumers League and Better Business Bureau, work to protect consumers against fraud. It is an unfortunate truth that some scam artists try to masquerade as legitimate direct selling companies, making these laws and regulations necessary. Here are a few of the protections on which consumers can rely:

All 50 states and the Federal Trade Commission (FTC) have cooling-off laws that provide consumers with an unconditional 3-business-day right to cancel an order or contract. These laws are designed to counteract high-pressure sales and allow people who change their mind about a purchase to make a quick and easy return.
In addition, all 50 states, the FTC, the Securities & Exchange Commission (SEC) and the U.S. Postal Service have anti-pyramid scheme laws or regulations that they can use to prosecute and shut down such frauds. (See citations for examples of State anti-pyramid scheme laws.)
On the federal tax side, the Internal Revenue Service (IRS) regulates direct sellers through a special form, 1099-MISC, to insure income tax compliance by direct sellers. Direct sellers are independent contractors by virtue of section 3508 of the U.S. tax code. A 1099-MISC form must be filed for all direct sellers who have received $600 or more from the company with which they are affiliated. In addition, a 1099-MISC form must be filed for those purchasing on an annual basis $5,000 or more of consumer products from the parent company. Direct sellers also must file a Schedule C with the IRS in order to claim business expense deductions.
The Direct Selling Association’s Code of Ethics is also a powerful self-regulatory document by which all DSA member companies must abide. The Code includes important provisions including a buy-back requirement (for both inventory and sales aids), a cooling-off period and other provisions enforced by an Independent Code Administrator. Consumers who feel a Code violation has occurred should file a complaint with the DSA Code Administrator.

MYTH #8:Most companies require inventory purchasers; direct sellers who drop out are stuck with the inventory they purchasedFACTCompanies that belong to the Direct Selling Association agree to abide by a strict Code of Ethics. Among other things, the Code requires members to:

Repurchase marketable inventory and sales aids purchased in the past 12 months for at least 90% of the purchase price if a direct seller decides to leave the business.
Explain the repurchase option in writing.

MYTH #9:If you attend a direct selling party you are expected to buy somethingFACTThe only thing you have to do at a party is enjoy yourself! And the key to enjoying your shopping experience is to work with knowledgeable and friendly consultants who can tell you about products or services, answer any questions, and let you and your friends peruse the items on display or in catalogs that offer a wider selection. You’re absolutely not obligated to buy, but chances are you’ll walk out with something you’ll really enjoy.

MYTH #10:Everyone who gets involved in direct selling wants an easy way to make moneyFACTPeople choose to get involved in direct selling for a lot of reasons. Some hope to make it a full-time career, but most sign up to either earn a little extra money or to receive a discount on their own purchases.Legitimate direct selling companies are very careful to represent earning potential accurately. The DSA Code of Ethics requires companies and their salesforce members to provide potential independent sellers with accurate information about the company’s pay structure, products and sales methods.And no one should be fooled into thinking direct selling is a way to make money with little or no effort. Don’t be convinced by ads or people who tell you you’ll instantly make thousands of dollars just by signing up or recruiting a few people. As with any business, it takes time to establish a customer base and build a business.While direct selling is not an opportunity to get rich quick, you can be successful if you establish your goals and a plan to reach them. Legitimate direct selling opportunities offer the flexibility to set your own goals and achieve them on your own terms.

Sources: www.directselling411.com

Lourdes Recommends:

Longrich Philippines – Top Direct Selling Business in China

Bo Sanchez Truly Rich Club - Learn To Invest In Stock Market

Supreme Wealth Alliance- Download Ebooks For A Lifetime

My Jinga Juice- Health and Wealth Business Opportunity

Dont' Forget To Share This Post

Ready To Be An Entrepreneur?

noreply@blogger.com (Anonymous) — Thu, 14 Mar 2013 13:30:00 +0000

When people are asked if they want to have their own business and be their own boss, many would say yes. But when asked if they are ready to be an entrepreneur (business owner), they are taken aback and those who might have answered yes on the first question doubts themselves to answer yes to the second question. What does this simply mean? What does it indicate?

There are many reasons as to why people think and feel that they are not ready yet to be an entrepreneur even though they want to have their own business. Wanting to have your own business does not equate to the fact that you are ready to be an entrepreneur. You might hear some people say that when you have the desire to have your own business, you are ready to go as long as you have that burning rage and desire to own and run a business. But it's not the only requirement in becoming an entrepreneur. There are several factors to be considered to be able to answer the question of being ready to become an entrepreneur.

First is your idea of what business to pursue. What product do you have in mind?What type of industry you want to enter. You have to have a concrete idea on what type of business and what type of industry you want to enter as there will be a lot of competition. An excessive research is vital to know what is happening in the market and everything that will affect your business so you can plan ahead and be able to come up with a good business proposal.

Second is your financial resources. Do you have the financial capability to handle all the financial needs of your business. There will be a lot of ways on how to acquire capital to start up a business but the important thing is that you have a sufficient cash flow that will back up your business until you see the profits coming in.

Third is your way of handling stress. Owning a business and being your own boss does not mean you will be from stress. Because it is your own business and you're not just an employee getting paid to work, you have to be careful with every decision that you make as it could result to failure and it is your own money and source of income involved if the business fails, not someone else's money. And this means that you need to know how to handle the stress that your business will throw at you.

Lastly would be your hardwork and perseverance to become successful in the business that you have chosen to pursue. It takes a lot of dedication and commitment to build your business and make it grow. You just don't let other people run it even if you have the money to employ and pay them. You have to be there in every step of building your business.

After you have answered all these questions in your heart and mind and if you can peacefully answer yes to all the questions then you can say to yourself that "I am ready to be an entrepreneur!"

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Small Things To Big Things

noreply@blogger.com (Anonymous) — Thu, 14 Mar 2013 13:22:00 +0000

When I was in College, while taking up Marketing, we had to develop different products, business proposal,marketing plans and presentation and everything that involves Marketing. Though it was stressful on our part as students, I actually enjoyed making business proposals and doing business presentation. And because I enjoyed it, I came to realize that the career that I wanted was to be a business owner someday, a full pledged entrepreneur.

But in reality, being a student making business proposals is so different from being a business owner. I can say that as a business owner,you are also like a student trying to learn the bits and pieces of owning a business. The difference is, as a student, you are doing it to get a good grade and pass the subject and eventually graduate, but for an entrepreneur, it's not just about passing grades or the subject, it's about passing all the obstacles that comes in owning your own business and it doesn't stop as there is no graduation, it is a continuing process of learning to build your business to grow. As an entrepreneur, you don't stop building your business even if you're already earning billions of money.

Take Jollibee as an example, it only started from a two branch ice cream parlor in 1975 then later on offered hot meals and sandwiches in 1978 opening up to seven outlets that later on offered the hamburger concept which paved way to overturn the face of fast food chain in the Philippines. And the rest is history as where they are right now in our Market. And they are one of the best examples of an entrepreneur who doesn't stop even when they have earned billions already as they continue to expand their presence in the industry by acquiring known food companies such as Chowking, Red Ribbon, Greenwich, Teriyaki Boy and the latest is Mang Inasal who was aggressively competing within their market share. Joliibee only proves that being an entrepreneur is endless, you always seek ways on how to grow and expand even if you've already built an empire that is strong and will last for generations.

Such story is not only known for Jollibee's humble beginnings, who doesn't know of SM Group of Companies business history? Who would not be familiar with its owner, Henry Sy when he is the riches man in our country today. Started selling shoes at a young age and later on expanded in putting up his own department store which is still open at SM Quiapo, he has expanded his business into owning all the SM malls where we usually do our shopping into banking and real estate as they are building their own properties such as condominiums.

These are inspirational stories that can totally lift up your entrepreneural side that anyone can be an entrepreneur if we just work hard and continue to learn to grow. Don't stop believing in what you can do as big things come from small beginnings. But you will never realize your dream to become an entrepreneur unless you start now.

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How Do You Look At Marketing And Selling?

noreply@blogger.com (Anonymous) — Tue, 12 Mar 2013 01:02:00 +0000

I've been so drawn into Pinterest lately with so many information you can find that has pictures, articles, videos, infographics and a lot really! But this post is not really about me promoting Pinterest, but you really should try, I must say.

It's about this amazing quote with a nice image that has caught my attention today about how we do business and can be applied to network marketing as well.

image credit to workwithjoanharrington.com

It all says everything that a network marketer, business owners, online sellers or anyone in particular who has something to market and sell whether online or offline.

I think many of us who are doing business are so caught up into the realm of making money that's why we think of so many ways on how to market our product and how to sell it. We might have forgotten the most basic thing that everyone should learn in the business, that customers are the lifeblood of every business and they deserve to be taken cared of. Customers or clients or downlines are not just money making machines where we need to continuously market our company and sell our products to them but instead they are human beings who has needs and wants to be fulfilled.

Basically the reason why they bought our products or services or joined our MLM business is because they needed and wanted it in the first place. For such reasons, we should start look after their needs by connecting with them an knowing how we can be of better service to them not because we want to sell more to our customers or to earn more from our downlines but because we want to serve them .

If every business or network marketer would have these value or mission set up in their mind and hearts, wow, the business world will be much in a better place for people to do business with in making money by connecting, not just marketing and serving, not just selling.

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10 Mottos To Empower Yourself

noreply@blogger.com (Anonymous) — Tue, 12 Mar 2013 00:34:00 +0000

I have been reading this book by James Valentine, MLM Power and I think these empowering mottos that he has shared in his book does not only apply to MLM or network marketing but to everyday life as well that will help one person succeed.

I would like to share these 10 empowering mottos that you can put into practice in whatever kind of business you are doing.

No GUTS, no glory!
Action today not tomorrow!
If it is to be . . . it is up to me!
I shall be the best that I can be!
My past does not equal my future!
Teamwork makes the dream work!
I must do what I love and love what I do!
If my heart is in it . . . the sky is the limit!
If I am committed . . . there is always a way!
When the going gets tough . . . the tough get going!

Very simple and easy to remember but if put into practice, I'm sure it will have a huge impact in your lives.

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How To Franchise Aficionado

noreply@blogger.com (Anonymous) — Sun, 17 Feb 2013 05:04:00 +0000

How To Franchise Aficionado

TERM OF FRANCHISE: 3 years

FRANCHISING SINCE: 2004

APPLICATION PROCEDURE: Submit Letter of Intent

PREFERRED SITES: Malls & Commercial Complex

NOTE: Rates are subject to change without prior notice.

EMAIL US:aficionado_franchise@yahoo.com

Website: http://www.aficionado.com.ph/

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What Do You Know About Franchising?

noreply@blogger.com (Anonymous) — Sun, 03 Feb 2013 08:02:00 +0000

Thinking of going into business? Not sure though of what business to go into? Let alone the product, the service or what marketing you should employ to your own business?

What about Franchising?

I’m sure most of us who are looking into getting into the business side has one way or another, thought of franchising first before we dive into the deep realm of putting up our own business. Why not? If Franchising would help us to learn more about running a business without the added stress of coming up with your own product or service to sell, a business system that you can rely on to make your business work. It’s like Franchising gives you the advantage of having a lifeline in case you would always need one as you can ask for guidance and support from the Franchising company you choose to partner with.

But one must first understand what Franchising is all about. Franchising is considered as one of the three business strategies that a company may use in capturing a market share , that is from a company’s viewpoint. It is a company’s business strategy to acquire new customers as well as keep customers, a way to expand and further distribute their products and services to wider reach of market. That is why Franchising is offered by companies for those entrepreneurs who are looking to capture a slice of the market they are sharing.

According to the International Franchise Association (IFA), franchising is defined as an agreement or license between two legally independent parties which gives:

A person or group of people (the franchisee) the right to market a product or service using the trademark or trade name of another business (the franchisor)
The franchisee the right to market a product or service using the operating methods of the franchisor
The franchisee the obligation to pay the franchisor fees for these rights
The franchisor the obligation to provide rights and support to franchisees

In short, franchising can be defined as a strategic alliance between groups of people who have specific relationships and responsibilities with a common goal to dominate markets in order to keep and get more customers.

MLM or Network Marketing: Are They The Same?

noreply@blogger.com (Anonymous) — Sun, 03 Feb 2013 08:01:00 +0000

photo credit to remibadozi.com

When you are looking for a business opportunity whether an online business or not, you would always encounter these, MLM or Network Marketing Opportunity. Many of you must have done research on what it is and some of you must have done it, still doing it or contemplating in doing it.

So, it is just as important to know if MLM or Network Marketing are just the same or not?

MLM known as Multi-Level Marketing is also known as “network marketing”. It is a legitimate business model that uses several ways of selling goods or services through independent distributors of the company such as referral program or direct selling methods. Independent distributors do not receive salary, they are compensated through commissions based on the sale of products coming from their own sales as well as from the sales of those independent distributors they have referred to the program and the team they are supporting.

But most people confuse MLM/Network Marketing with pyramid scheme. Legitimate MLM companies’ base their compensation on the amount of products sold and not on the mere act of recruiting. Selling the products or services should be main activity within an MLM company not just by making profit from recruiting distributors as a way to earn money.

MLM can also be known as direct selling, affiliate marketing or home based business franchising plans as it does entail several methods in different programs that would market its products and services effectively. As long as its focus is on distributing products or offerring services and not on recruiting people, the MLM company is a legit business.

5 Online Business You Can Do

noreply@blogger.com (Anonymous) — Sun, 03 Feb 2013 08:01:00 +0000

Thinking of how to start your online business but not sure what kind of online business to get into? Read along to get as much information you need to jumpstart that kind of online business you might have been wanting to do even on your spare time.

Almost everyone is online most of the time while at home, even at work or anywhere as long as there is an internet connection. They can use their mobile phone or tablets or netbook to get online. Mainly the reason why most businesses are marketing their businesses online and there's so many kinds of online businesses sprouting over the interenet. Finding the one that will work for you and that will not take so much of your time if you are just planning to do this on a part time basis could be a daunting one that could stop you from even starting it.

So I have put up a list 5 part time Online businesses that you can try doing and see for yourself if you can get along with it and make it as one of your sources of income. You never know but it might turn out to be your biggest source of income over your salary right now in a few months time. Just like other people who are making money online and has been their main source of income to pay for their mortgages, loans, bills and food on the table as well as their savings and a luxurious lifestyle.

I'm sure with all these running in your head, you'd want to know what are these 5 part time online business you can do.So here it is:

1. Information Marketing

Why are you reading this article in the first place? Simply because you were looking for an answer to your question about online business right? People like you would normally go online to search for information, for answers to whatever question you have in mind and anything that you find interesting that will answer your question will be valuable for you.

You know that not all the information that you want, you can get it free online. There are instances wherein you have to pay the person who has the information or answers that you need for you to have it. That is what Information marketing is all about.

We have our own fields of expertise. I may be good in writing stuff about MLM or Online businesses but you might be good in writing about fashion or golf or anything about your hobbies or work related stuff. You can offer what you know and sell it to people who needs it and this could be in the form of E-books, Videos or Audios and you can start earning from it.

2. Affiliate Marketing

This is the easiest and possible the effortless way of making money online if you know how to do it.

Why? Because you get paid without interacting with the customers, closing the sale and processing the sale. All you do is refer or recommend someone else's business then you get a referral commission for sending customers to their sites (vendors) that are set up in a program that will pay affiliate fees once a sales is made through your referral.

The vendor is the one responsible for everything, from selling to purchases and customer related issues and you get paid for referring that customer to their site, that's it!

This might sound really easy but I would suggest that you choose the affiliate program that you are passionate about or that you find yourself useful for other people that's why you are going to recommend it. It would be much more fun and rewarding on your part recommending vendors if you believe in their products or services as well. You should laso consider their commission structure and take advantage of those who are generous enough paying you high commissions.

3. Sell Online

There is a lot of online marketplaces where you can sell your products online either old stuff or new stuff. You can use ebay to sell your products and start with things that you are no longer using. At least you would still be able to earn even from old stuff and help you clean out your space in the house.

Selling online is much smarter rather than renting a place paying rental charges and salaries to your staff to sell your products without the security of having customers that will buy your products. When your products are online, there is a greater chance for you to be found as long as you know how to market your product online. No rental charges and salaries to worry about even if it does not sell while you are still establishing your presence online.

4. Blogging

Love writing? I'm sure this is not the first time you will hear about this,you can earn from writing. Writing online or Blogging as what they call it is the most popular way to make money online.

Find a topic that you are interested in or write about your hobbies such as biking, fashion,shopping,movies or anything that you will be comfortable writing about.

As soon as poeple start reading your blogs and you are driving traffic to your site, you can sign up for adsense(Google's ad revenue sharing plan) or actively by doing a little bit of affiliate marketing. Then you will start earning from those ads or from your affiliate marketing.

5. Freelance Services

You can work from home online as a Freelance Service Provider. You can offer professional services in photography, web design, programming or become a virtual assistant with skills such as sales, customer service.

You can use Odesk as a platform where you can apply as an independent contractor and get hired to do jobs for employers who are looking to outsource people to do the work.

So that's it, you can try doing one or two or all of them and see which once will work for you while creating your online business at home.

Chowking Franchise

noreply@blogger.com (Anonymous) — Fri, 18 Jan 2013 22:30:00 +0000

Chowking launched its franchising program in 1989 when the company was only 4 years old. For a young company with limited resources, franchising was the rational route to expansion. It enabled the company to penetrate new markets and extend its reach, without straining its resources. At the same time, franchising provided a business opportunity to local entrepreneurs insearch of a promising investment.

The Chowking franchising system is founded on the philosophy that franchisees are business partners, co-owners of the company and members of the Chowking family.As business partners, they are provided with a support package that includes operational services, logistics, manpower training, marketing , national advertising, and other important services necessary to give them a better chance at success.

The franchising process starts when the company receives an expression of intent to apply for a Chowking franchise. A thorough and comprehensive evaluation of the merits of the proposed store site and the qualifications of the franchise applicant follows. If the site is deemed promising and the franchise applicant is considered qualified, plans for store construction are set to motion. While construction is going on, the company provides technical support to the franchisee and assists in the selection and hiring of the required manpower. Orientation and training of the newly-hired personnel completes this cycle.

Once the store is operational, the company’s operations personnel pay it periodic visits to ensure that quality is maintained, prescribed procedures are followed, and FSC standards are met.

For the duration of the 10-year franchising contract, the franchisee receives from the company a package of services that includes logistical and marketing support, as well as a continuing training program for the store managers, kitchen staff and service crew. It is a company policy to require all franchisees and managing directors to familiarize themselves with the operations manual and to take part in the training program especially designed for them. As members of the Chowking family, franchisees are expected to take part in company-organized activities that not only keep them posted on business updates but also reinforce bonds and strengthen lines of cooperation. At the end of the 10-year franchise period, franchisees in good standing may be awarded an extension of another 10 years.

Required investment: P9 to 13 Million
Inclusive of:

Franchise fee of P1 Million
Kitchen facilities
Construction and finishes
Furniture and fixtures
Signage and others

Franchise Benefits

Established brand name and a proven formula
Site selection and construction
Operational and management Support
Comprehensive Training support
Effective Advertising and Marketing Programs
New Products and Product Development
Accounting and Control System

Expected ROI: 3-4 years

Typical store size: 250 to 300 sq.m.
Franchise duration: 10 years, renewable

Contact details:

Business and Franchise Development Dept.
33/F Jollibee Plaza 10 F. Ortigas Jr. Ave
Ortigas Center, Pasig City
Tel: (02) 634-1111 locals 5272, 5273
Fax: (02) 634-1182

McDonald's Franchise

noreply@blogger.com (Anonymous) — Fri, 18 Jan 2013 22:19:00 +0000

For over 50 years, McDonald's has been giving opportunities to people who share the same vision of serving great tasting quality food fast through franchising. More than 80% of McDonald's restaurants all over the world are owned by franchisees.

In the Philippines, McDonald's opened its doors to franchising to Filipino entrepreneurs in 1985, and has since expanded its network to over 150 franchised restaurants with more than 65 franchisees (most have been part of the McDonald's Family for around 10 to 15 years!).

Giving you more reasons to say “Love ko ‘to”

McDonald's franchisees, also called Owner/Operators, play a major role in the System's success. Choosing McDonald's means joining the force behind one of the world's most successful and most loved brands and becoming part of a global network of successful and motivated entrepreneurs.

As a McDonald's Philippines Owner/Operator, you gain the following advantages:

World class training to deliver world class service and business success
Extensive support system to cover all aspects of the business, which includes operations, supply chain, and marketing support throughout the entire franchise term
Access to world class suppliers that provide the necessary goods and services that go into great-tasting food and excellent services that customers enjoy
100 percent customer awareness of the world's leading fast food restaurant
A peer network of over 65 franchisees locally, and the McDonald's network of over 27,000 employees nationwide

McDonald's continues to be recognized as a premier franchising company around the world. The fact that McDonald's management listens so carefully to and collaborates with our Owner/Operators has a lot to do with that success.

McFranchise Fast Facts:

Owning a Franchise

We grant franchise to an individual on a sole proprietorship basis.
We award the franchise on a per restaurant basis. We don't offer it on a territorial or geographical basis.

Site Selection

McDonald's chooses the site and does feasibility study on the potential site. The sites are thoroughly studied, evaluated and we do traffic counts systematically. Application for the site and the franchise is treated and processed separately and independently from each other.

Franchise Terms

The term of the franchise is good for ten (10) years or the term of the lease whichever is shorter.

Kinds of Franchise

The required investment cost on the part of the franchisee will depend on the kind of store or site that will be offered to him by the Company. In relation to this, we basically franchise in three (3) ways:

The Company awards franchises for a new site or restaurant.
The Company awards franchises for an existing restaurant owned and operated by the Company.
The Company awards franchises for an existing restaurant owned and operated by a franchisee who would want to sell his or her McDonald's restaurant.

Cost of Investment

Investment typically ranges from P30 to P50 million with the assumption that the land is leased. This covers the following costs:

Architectural Planning and Design Fees
Building and leasehold improvements and other relevant site works necessary
Kitchen, air-conditioning and exhaust equipment
Cash registers
Emergency generators
Seating, signages and décor
Other furniture and fixtures
The above costs depend on the following factors for consideration:
Restaurant size
Suitability of existing building
Site location whether provincial or within Metro Manila
Equipment specifications involved based on the kind of menu offering (regular or limited menu line). In all cases, however McDonald's specifies and approves the menu offerings.

For further details and instruction, please contact:

The Franchising Department
17th Floor, Citibank Center Bldg., 8741 Paseo de Roxas St.,Makati City.

8888-500 loc. 5000

Franchising.admin@ph.mcd.com

Jollibee Franchise

noreply@blogger.com (Anonymous) — Fri, 18 Jan 2013 22:02:00 +0000

Joining the Jollibee Group is a winning investment . Through the years, we have developed into a company with the image that prizes customers above anything else. This is due to the fact that we are always up to date with current consumer trends, keeping a keen eye to what our customers are looking for. We constantly introduce new products, we keep in touch with our customers through various programs and promotion and we develop marketing campaigns that touch our customers’ sentiments.

At present, there are more than 600 Jollibee stores in the Philippines. More than half of these are operated by franchisees. However, demand does not wane and opportunities still abound in various regional operations in and around Mega Manila, North Luzon, South Luzon and the Visayas-Mindanao areas. Market opportunities extend to territories abroad. Currently, Jollibee operates 26 stores in the USA. It is also present in Brunei, Hong Kong, Saudi Arabia & Vietnam.

Application Requirements

If you have…

Good community standing
Strong leadership and people-handling skills
Willingness to devote time in managing the restaurant
Can successfully complete the required training program.

… then you have what it takes to be a franchisee of Jollibee!

Apply now for Jollibee franchising! Just follow these steps:

Download and print a copy of the Franchise application form.
Please make sure to fill-out the form completely.

Prepare a proposal containing the following documents:

Letter of Intent – containing the exact address of your proposed site, your exact mailing address, contact numbers, etc.

Vicinity Map of Proposed Site – that will more or less guide our field personnel who will go there and conduct an on-site evaluation.

Legal document certifying applicant’s ownership of the site.

Detailed resume or bio-data.

Mail these documents to:

JOLLIBEE FOODS CORPORATION
Franchising & Events Department
9th Floor Jollibee Plaza
#10 F. Ortigas Jr. Road
Ortigas Center, Pasig City 1605

Upon receipt of application, this will take 2-3 months of processing. However, submission of an application form does not obligate you or Jollibee in any way. It is just the first step in the application process, which is an evaluation of your proposed location.

Jollibee franchise ranges from 15M to 30M (USD266,445.00 to USD532,890.00).

Details of investment cost, return of investments and other franchising details will be discussed with you once your application has been approved.

MLM Independent Review: My Jinga Juice

noreply@blogger.com (Anonymous) — Fri, 14 Dec 2012 22:58:00 +0000

My Jinga Juice Inc. is making buzz in the MLM industry here in the Philippines because of several factors, one of the owners, Garry Norman is a well known network marketer who used to be with First Vita Plus. Since Garry has a large following in his network, it is no wonder that in as little as 3 months of launching the company, it has already produced almost 15,000 networkers. That can be credited to his credibility as a leader in the networking industry.Some networkers also believe that MVP (Manny Pangilinan) is one of the owners as well since Atty. Mabasa is connected with him. Let's look at Jinga Juice in more detailed perspective with the given information below:

Company Information:

My Jinga Juice Incorporated was established on July 2012. Their aim is two-fold; First, to promote a healthy lifestyle and help people achieve well being through quality health products; Second, to provide Filipinos with a good source of livelihood.

Product Offerings:

The Delicious Health Drink with Power of Two Superfoods - Wheatgrass and Guyabano

They have combined the Wonders of Wheatgrass and the Goodness of Guyabano in one nutrition - packed refreshment.

Jinga Juice is delightfully palatable thanks to the tart flavor of Guyabano.

Taken regularly, along with a balanced diet, exercise and rest, Jinga Juice can greatly enhance overall health, and gives the body energy and resistance to diseases.

Marketing Plan:

1. Retail Profit/Commission

- A Dealer is entitled to a Retail Profit/Commission of up to 50% on My Jinga Juice Inc. product lines.

2. Wholesale Profit/Commission

- A Dealer is entitled to a Wholesale Profit/Commission of Php 1000 on My Jinga Juice Inc. selected product lines.

3. Override Commission

- A Dealer is entitled to Override Commission of Php 1,500 for every sale of Jinga Pack in Sales Group A that matches with another sale of Jinga Pack in Sales Group B.

4. Sales Rebate

- A Dealer is entitled to Sales Rebate, based on the Retailing and Repeat Purchases of his/her network organization up to the 10th level.

5. Profit Sharing Pool

- A Dealer who achieves the sales target set forth by the company, and whose network organization grows through hardwork, perseverance, and discipline will be included in the Profit Sharing Pool. This is a reward given to loyal and deserving Jinga Juice Dealers who will be entitled to enjoy the annual profit sharing scheme, as arranged by the company.

My Jinga Juice has a great potential given the kind of leadership that Garry Norman has and since this is his own business, I'm sure he'll do whatever it takes to make it a success. The company is also offerring a bigger discount for their products making the Jinga Juice main product which contains Guyabano more affordable especially for those who use it. For networkers who are familiar to the Binary system, it's quite easy to follow and understand and being in the pioneering stage, one can take advantage of the benefits of being a pioneer in an MLM company.

Fore more information about My Jinga Juice, you can visit this site, myjingajuice.biz.

Mister Donut Franchise

noreply@blogger.com (Anonymous) — Fri, 14 Dec 2012 22:22:00 +0000

From the streets of Boston, USA in 1955, Mister Donut reached the Philippines in 1982 and is now one of the fastest growing food brands in the country. Currently, we have over 2,000 shops nationwide. We sell thousands of donuts and other baked products each day and continuously bring smiles to millions of Filipinos.

We are an organization of committed and hardworking individuals, who promise that every donut is just perfect.

We look forward to a rapid expansion with potential franchisees, who are ambitious and dedicated. Discover with us more about the Mister Donut franchise concept which offers proven, sound and profitable investment opportunities.

How much is the Franchise Fee and how long is the duration?

As we are celebrating our 30 years in the Philippines, we are offering a Franchise Fee worth Php 30,000 on any shop type. This shall entitle you for a 2-year contract with Mister Donut and is non-refundable/non-transferable.

Note: Franchise Fee is exclusive of assets, security deposits and other pertinent fees. Valid until December 31, 2012.

Is the Franchise Term Renewable?

Franchisees of good standing may renew their Mister Donut franchise license for another period of four (4) years and will be given a 50% discount on the PREVAILING FRANCHISE FEE. If the franchisee decides to terminate their franchise agreement, they cannot refund their investment except for the security deposit.

What are the advantages of Mister Donut over other franchised businesses?

It is a well-known international food brand
It requires low capital investment
Easy to Operate – No Cooking & No Refrigeration requirements
Low space requirement (at least 4sqm for cart spaces!)
Strong TV advertisements! Effective sales promotions!
Training Support on your store’s operations
Ocular inspection and evaluation of the proposed site/s
Subsidy allowances
Continuous product development

Does Mister Donut grant territorial or area exclusivity?

Mister Donut Philippines does not grant territorial exclusivity. New shops may be placed where customers are not yet served.

What is the total investment for a Mister Donut Franchise?

Total investment cost begin at *Php 180,000.

*Minimum investment cost includes the following: Franchise Fee at 30K, Security Deposit, Showcase cost, Uniform (2sets), and Smallwares.

**Investment cost may vary depending on the type of shop.

What is a suitable location for a Mister Donut outlet? How can I spot the perfect Mister Donut Site?

Heavy pedestrian foot traffic locations are valid choices for a Mister Donut outlet. Examples of which are: jeepney, tricycle & bus terminals, public markets, shopping malls, groceries, school canteens, churches, lobbies of office buildings, etc.

What is the first step in becoming a franchisee?

An applicant should submit a duly signed Letter of Intent addressed to the Franchise Management Department (fms@misterdonut.ph) which should contain the following information:

Applicant’s interest to be a franchisee of Mister Donut
Applicant’s address, contact numbers and e-mail (if any)
Proposed Location Address and vicinity map
Site Pictures (optional)

No. of Outlets: Company Owned:5 Franchisee: 979

Total Capital Investment: P 500K up

Franchise Fee: P 220K

Royalty Fee: None

Marketing/Advertising Fee: None

Terms of renewal: 4 years

Contact Details:

Ms. Cristy de Belen/ Ms. Leah Viloria

Franchise Officer/ Senior Franchise Officer

ADDRESS: 6/F Ramcar Center, Mister Donut Phils., 80-82 Roces Ave., Diliman, Quezon City

TELEPHONE: 370-1236

FAX : 376-2233

E-MAIL: leah.viloria@misterdonut.ph

www.misterdonut.ph

Potato Corner Franchise

noreply@blogger.com (Anonymous) — Fri, 14 Dec 2012 21:46:00 +0000

Potato Corner, the Filipinos’ favorite flavored French fries has grown to 200 outlets nationwide, of which 70 percent is franchise-operated. The company has already expanded its global reach to Indonesia, Malaysia, Panama and are now shaking American taste buds with the recent opening of six stores in the United States.

FRANCHISE PACKAGES:

IN-LINE STORE WITH SEATING

1.5 above est. Investment

Franchise Term: 5 yrs

IN-LINE STORE

1M - 1.5M estimate Investment

Franchise Term: 5 yrs

KIOSK WITH ROOF AND SEATING

800,000 - 1M estimate Investment

Franchise Term: 5 yrs

KIOSK W/O ROOF AND SEATING

600,000 - 800,000 estimate Investment

Franchise Term: 5 yrs

STANDARD CART

PHP 350,000

Franchise Term: 5 yrs

SCHOOL CART

PHP 200,000

Franchise Term: 3 yrs

CONTACT DETAILS:

TELEPHONE: 534-5845 to 46

FAX : 534-5849

E-MAIL: iwantfranchise@potatocorner.com