Title: Herbalife is The Average Person s and Smartest Person Best
1Employing Yourself
2Average Cost of a Traditional Small Business
- Average cost to open a small business is 88,000
- 90 FAIL in the 1st year
- 10 take 3 years to brake even
- Business monthly expense average 10,000 -
20,000 - Responsible for implementing business procedure,
accounting, training, support and much more...
2
3Herbalife is The Average Persons and Smartest
Person Best Way to Reach Financial Freedom
- Herbalife takes the responsibility researching
and developing our cutting edge state of the art
incredible products - Herbalife manages the employees that serve us
- Herbalife will participate in training your
organization - Herbalife does the big Promotions we have to do
the little ones - Herbalife insures that we get paid every month
and even 2 times a month!
3
4Treat Your Business Like a Multimillion Dollar
Business
- Stretch your thinking and Imagine
- what it will be like to a successful business.
- To have a serious business you have
- to treat it seriously by doing the following
NUTRITION CLUB - Personal Invitations (see what everyone is
talking about) - Track your business using gauges
- Work your plan and plan your work
- Discipline, Skill set and beliefs
4
5Dorans Vision Financial Matrix Model
- The ability to leverage cash flow is what allowed
Doran to get to the Chairmans Club in 7 Year - The business model illustrates the importance of
changing our thinking from a mom and pop business
to a multimillion dollar business. - Life time value of a Nutrition Club vs the Cost
of Starting one
5
6How is your Herbalife business similar to a
traditional company in Corporate America?
6
7Its not just YOU alone in your Herbalife business
- Traditional companies have employees
- Those employees have duties and responsibilities
- How those duties are performed (good or bad) will
ultimately affect the companys bottom line.
7
8Traditional companies have a Chain of Command,
your Herbalife business has a Marketing Plan
8
9Know what that Chain of Command is and understand
how IT works. (Corporate America)
- CEO/President
- Vice President levels
- Division Managers
- Regional Managers
- District Managers
- Ground level managers
- Workers
- Income Salary, Hourly, Yearly increases,
possible wage freezes, lay offs and down sizing. - YOU have no control!
9
10Understand the Marketing Plan and how it works
FOR YOU! (Herbalife)
10
11Common reasons for failure.
- Change the plans too frequently (90 days)
- Not consistently doing all 4 steps
- Not reinforcing enough
- Not walking the walk
- Not recruiting first line yourself
11
12The Key to success is Knowing and Applying the
Basics.
12
13Use the Products Gain a belief and passion for
the results!
- Buy from your own store
- Never buy from the competitor
- Inspire your team to adopt the same beliefs.
13
14Retail the Products Understand what role retail
plays in your business.
- Retail produces cash flow
- Use the cash flow to fund operating expenses
- Use cash flow to fund your advertising for
recruiting - Re-invest in your business to grow your income
14
15Recruit Distributors Understand what role
recruiting plays in your business
- Recruiting produces Customers, Distributors,
Supervisors - Customers produce retail profit through reorders
- Distributors produce wholesale profit (volume
producers) - Supervisor produce royalties 5
- Royalties move you up the marketing plan which
earns production bonuses 2, 4, 6
15
16A Healthy Business
- Designates retail and wholesale profit to fund
the expenses of the business - Uses Royalties as your salary!
- Save your Production bonuses
- Maintains a Balance between retail and
recruiting. - YOU are in control of your INCOME and your
FUTURE!
16
17- Make a decision to run your business like a
business - Organize!
- Operate!
- Assume the Risk of your Herbalife Business
18The End