Are You Boosting Revenue or Risking Your Brand?
small business brand risk and revenue

Is direct sales and network marketing really boosting your revenue or potentially compromising your brand?

 

Revenue can be a risky situation. Right off the bat I know this might be a touchy subject matter for some entrepreneurs simply because direct sales and network marketing (DSNM) is a fundamental form of entrepreneurship.

However after extensive research on the topic, I’m left to determine whether DSNM is the best decision for my business and me. As an entrepreneur in the health and fitness industry, I keep an open mind for opportunities to expand my business as well as boost revenue.  Therefore, I was eager to explore the world of this $30 billion dollar industry.

DSNM simply means offering products directly to a customer away from a fixed retail location.

Direct sales, independent distributors, sales representatives or consultants market their products in a variety of ways, including one-on-ones, home parties and the Internet. Most direct sales firms are multi-level marketing companies (MLMs).

Some examples include:

My introduction to DSNM started six months ago when a Juice Plus distributor contacted me through a LinkedIn College Alumni group.

We connected and after speaking with her, I was intrigued and wanted to learn more. So I began to investigate the DSNM industry as a whole. My ears and eyes were open.

Could it be too good to be true?

Since then various DSNM distributers approached me through Facebook, LinkedIn, Alumni Associations, Professional organizations, church community as well as the local grocery store.

I started feeling like a MLM magnet! Herbalife, Beachbody, Mary Kay, LifeVantage and Genesis Pure all extended generous invitations to become distributors for their company. Although I was somewhat flattered by the attention, I was much more cautious on proceeding with anyone’s offer.

Through my research, I discovered the nutritional supplement group or more commonly known as Vitamins, Minerals and Supplement (VMS) was one of the fastest growing industries in the world.

This industry produced about $32 billion in revenue for just nutritional supplements alone in 2012 and is projected to double that by topping $60 billion in 2021 according to the Nutritional Business Journal. With these types of robust statistics why would I not consider expanding my health coaching business to include similar products through DSNM?

It seemed a logical fit.

Was DSNM really a logical fit for my business that I just overlooked?

Would endorsing and distributing a product help increase my health coaching & personal training service sales?

It was time to revisit the Q Movements business plan. I was confident a quick refresher would certainly clear up and confirm the right path for me. As I read through the Executive Summary I was reminded Q Movements was established to increase health and wellness through my services and not someone else’s product.

There was my answer.

Although its feasible DSNM products are viable for helping support the mission of Q Movements, I strongly believe Q Movements needs and deserves my total attention to reach its full potential.

Next- My brand as a health coach and personal trainer:

 

 

RELATED POSTS

3 Tips To Keep People Engaged on Conference Calls

3 Tips To Keep People Engaged on Conference Calls

Time to change the "boring conference call", don't assume all conference calls have to be tedious and mundane. Conference calls are a way of life for most businesses. While convenient, they can be dreadfully boring and uninspiring.  Remember that all communication is...

Review is Critical to Small Business Success- 3 Recommendations

Review is Critical to Small Business Success- 3 Recommendations

Don't underestimate the critical process of review as it will align management to position your business for success.   Core to management and the success of any business is to establish benchmarks and map progress within predetermined periods of time. Here are...

Review is Critical to Small Business Success- 3 Recommendations

Review is Critical to Small Business Success- 3 Recommendations

Don't underestimate the critical process of review as it will align management to position your business for success. Core to management and the success of any business is to establish benchmarks and map progress within predetermined periods of time. Here are three...

Polls

Sign Up for the Latin Biz Today Newsletter

Video Gallery

PR Newswire

Money

Talent/HR

Legal

Marketing

Strategy

Another Latina Small Business Recipe for Success

Another Latina Small Business Recipe for Success

Lilia Rojas Latina entrepreneur and owner of La Flor de Jalisco bakery has achieved success   Lilia Rojas takes an almost literal approach to running her business: the positive meaning of having her cake and eating it to. Perhaps that’s why her 14-year-old...

Fashion

Food

Music

Sports

Innovation

Work, Life & Culture

Culture

Health & Fitness

Travel & Destinations

Personal Blogs

Pin It on Pinterest