YOU
OWN THE COMPANY
One
of the biggest businesses to offer easy extra cash to the
'ordinary'
person has been party plan. A great
opportunity
to
have fun and make money too. Many party
plan companies
have
grown into multi million pound affairs!
True!
But
- that's just the problem. The companies
have grown into
huge,
lucrative concerns. While those that
hold the parties
and
do all the selling have only made a fairly meagre income
-
nothing at all in some cases.
So,
if you're tempted by the idea of party plan, but don't
want
to make money for someone else the answer is simple.
Don't
be just an agent - start your own party plan organising
company. Then, you can have hundreds of people all
working
for
you - while you just sit back and do a little
organisation. A great way to make money!
Surprisingly
enough, running a party plan company is no more
difficult
than being just an agent. And, there are
thousands
of
people who'll gladly make money for you, while making a
bit
for themselves at the same time.
A
SIMPLE PRINCIPLE FOR PROFIT
The
idea for party plan is very simple. It
has worked for
many
years, making many rich in the process - and it will
work
again and again. Best not to deviate too
much from the
proven
and accepted course.
With
party plan you take an interesting and attractive
product. Something people enjoy buying. Something that
sells
well in a social atmosphere. Then, you
get willing
planners
to hold parties in their homes, for neighbours,
friends,
etc. The products are displayed at the
party and
sales
made. You pay the planner a commission -
and make
considerable
profit for yourself!
Party
plan works so well because sales are virtually
guaranteed
in such an environment. Your commission
arrangements
boosts this further. Margins are often
sky
high. However, the most important factor is that
you can
magnify
party success dozens of times over, for very little
extra
work. The result - a small business to
start but a
possible
enormous one - and very quickly.
Just
imagine you promote a product that sells readily for
$10. Imagine the profit margin is 80%. Of that, 20% goes to
the
planner. You keep 60% - that's $6 clear
profit.
At
one party it would not be unreasonable to sell 3 such
items
- $18 for you. That's not a great deal
of money. But
-
when you consider 10 weekly parties would be easy, with
virtually
no work for you, it's even better. What
if you
could
build a circuit of several hundred weekly parties
nationwide?
The
whole key to success in party plan is not large
individual
takings. It's a multiplication of small,
almost
insignificant
sums that can be achieved quickly and easily.
A
way of magnifying money that you should always adhere to
carefully.
A
SUCCESSFUL PRODUCT
The
first stage in successful party plan is choosing a
successful
product - it's essential. Most
successful
companies
thrive on the right product - they don't sell a
product
because it happens to be to hand, or they think there
is
a demand for it.
If
possible, try to keep within one product area.
And, it's
quite
possible to succeed with just one item.
Lots of other
party
planners have done just that!
Your
product should be ideally suited to sell at a party.
Usually
it should be something non essential, but something
people
like to 'treat' themselves to - perhaps a small curio
or
trinket. Bearing in mind most party
planners are women it
should
be selected accordingly. Make it
something bright and
attractive,
something that stimulates the senses.
You
can select a new line. But, to 'play
safe' you can
choose
an existing party plan success.
'Tupperware' is one
great
success story, and could easily be duplicated with
similar
lines. Or, clothes are the ideal
product. Gifts and
crafts
are a novel line - and paintings or prints are good
for
'up market' parties. The choice is
yours, and there are
lots
of imaginative ideas. You can even try
to find several
to
find which is most profitable.
When
you have selected a line you will need to track down
sources
- and find out as much about the product as possible.
Buy
as cheaply as possible direct from manufacturers,
wholesalers
or even consider direct import. Allow
for a huge
mark
up!
The
easiest way to trade is to take in stocks.
However,
there
are still great chances if you do not have sufficient
capital
or storage space. Just buy samples to
send to
parties
for which orders (and payment) are taken.
This way
you
don't actually buy the goods until you have been paid for
them.
No
matter what product or source you choose, do ensure it is
reliable. Nothing could be worse than having several
hundred
lucrative
orders to fill and not being able to get continuity
of
supply.
Finally,
always be on the look out for cheaper or bulk
supplies. With a thriving organisation built you can be
in a
strong
position to get cut prices from suppliers.
BUILDING
A NETWORK
The
next step is to build a network of party planners holding
profitable
parties for you. It is possible to start
with a
couple
a week - and possibly end up with many hundreds!
Never
hold the parties yourself because the profits are in
volume. It is cheaper to employ others.
Many,
many people would be interested in holding your parties
nationwide. It's extra cash, but also a pleasant social
evening. Treat your planners fairly and they will do
great
things
for you. The companies that pay planners
poorly gain
in
the short term, but soon lose.
Press
advertising is the most effective way of getting
planners. Or, you could try shop window cars. Just put in a
short,
catchy line and a telephone number.
Interested people
then
call you - and it's up to you to 'sell' them the idea
and
suggest how much money they might make!
When
business develops, the secret is to employ organisers as
well
as planners. Their job is not only to
hold parties, but
appoint
planners too. This way a chain develops
and you have
very
little work to do at all!
When
you receive an interested planner, agree with them the
time
and date of their party. Then, send them
a supply of
your
product (could be demonstration stock only).
A deposit
could
be charged for this. It is also usual to
'throw in'
some
attractive invitation forms they can use to invite their
friends. And, some organisers send a free bottle of
wine
etc,
to act as a buying incentive from their ample profits.
You
should aim to appoint as many planners as possible. For
just
a little organisation on your part, each will hold a
party
that will make you money!
A
PROFITABLE PARTY
One
great business advantage is that you have very little to
do
with parties. Money while you do
nothing! But, it is
useful
to give planners some guidance as to attaining best
results.
Ideally,
parties should be held on weekdays, Tuesday to
Thursday
being best. It is best if friends are
invited,
though
club and group parties can mean huge takings!
The
host should do what they can to induce a pleasant party
atmosphere,
perhaps providing music, food and demonstrations.
The
parties can be enjoyable as well as profitable!
If
the atmosphere is right, sales will almost certainly
result. Impulse plays a great part in selling, and
pressure
is
usually unnecessary and unwanted. Most
people like to buy
a
little something - and those little somethings add up to a
lot!
The
planner should take written orders for goods, as well as
full
payment - or at least a substantial deposit.
The
following
day, the planner forwards the orders and payments
on
to you. This is less their commission -
the level of
which
is up to you - but might vary between 20 and 50%.
You
can take a reasonable time (say 14 days) to fill orders
and
then forward them to the planner (not to customers) for
distribution. Indeed, if you get your supplier to complete
the
orders you will have even less work to do.
Following
completion
just make sure all customers are satisfied - this
bodes
well for repeat parties!
Indeed,
once you have completed a successful party, keep in
touch
with the planner and get them to repeat from time to
time. Also approach their customers with a view to
them
holding
parties. By this method you ever
increase the chain
of
custom and literally multiply your profits.
You've really
got
the chance to let profits run out of control!
BIGGER
AND BETTER
Once
you have held your first party, the sky is really the
limit. It'll be obvious why owning the party plan
company
can
be just as easy as being an agent for someone else - only
thousands
of times more rewarding!
Just
keep going, adding extra parties here and extra parties
there. Each takes only minutes of your time to plan
- but
together
they add hundreds, if not thousands, of pounds to
your
income.
Really,
party plan scope is unlimited. Just
about every
street
in the country can bear several parties per year.
And,
even with 1% of that business, you'll be inundated.
You're
sure to find out that, although party plan is nothing
new,
there's as much scope to do well as ever!
Perhaps
the secret behind party planning can be applied to
success
in many businesses. Never think that
because other
people
seem to have cornered the market, you can't too.
Never
think something is too difficult or risky to try - when
the
outlay is so low.
And,
above all, the sheer power of party plan takes little
beating. How else could you genuinely have others
working
for
you while you do nothing?
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