Each and every Mary Kay consultant joined the company for many different reasons, many of you want to bring in more income into your family to help with the bills, pay off debt or just have a litte extra money around the house.
If your goal is to pay off debt, then NSD Linda Toupin has created a simple and easy to understand formula that you can use as a guide no matter what level you choose to work you business at. The Formula below was created by NSD Linda Toupin to show Mary Kay consultants and directors how to apply profit from their sales to their dept, inventory investment and having a little left over for fun.
First you will want to write down all debt, numbering them 1-10 from the smallest to the largest
Start paying off the smallest one first, making payments as large as you can. Make minimum payments on #2 through #10
When debt #1 is paid off, start paying big payments on #2 and continue minimum payments on #3 through #10 (still paying off the lowest first).
After you pay the smallest one off, paying off the rest will get a little easier, and even easier after you pay off the next.
Sell $200 per week = $800 income for the Month
_ Take $100 to pay loan for your MK business (Leaves $700)
_ Use $400 to replace product sold (Leaves $300)
_ Give $100 to yourself (Have Fun!) (Leaves $200)
_ $200 to pay off other debt
Sell $300 per week = $1200 income for the Month
_ Take $100 to pay loan for your MK business (Leaves $1100)
_ Use $600 to replace product sold (Leaves $500)
_ Give $200 to yourself (Have Fun!) (Leaves $300)
_ $300 to pay off other debt
Sell $400 per week = $1600 income for the Month
_ Take $100 to pay loan for your MK business (Leaves $1500)
_ Use $800 to replace product sold (Leaves $700)
_ Give $300 to yourself (Have Fun!) (Leaves $400)
_ $400 to pay off other debt
Sell $1000 per week = $4000 income for the Month
_ Take $100 to pay loan for your MK business (Leaves $3900)
_ Use $2000 to replace product sold (Leaves $1900)
_ Give $300 – $1000 to yourself (Have Fun!) (Leaves $900 to $1600)
_ $900 – $1600 to pay off other debt
As in all things in LIFE….Consistency is the KEY!
Thank you so much to National Sales director Linda Toupin for such a great plan!
I have been around the Mary Kay world for ten years and have seen it transform lives buy giving women the power to control their income.
As you see your business grow and your customer base expand you will need a customer and inventory system to help you manage everything. QT Office is an affordable one stop resource for all of your business needs, as always we are only 9.95 a month and offer a 30 day free trial.
This entry was posted in QT Office® on May 13, 2011