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Herbalife is The Average Person s and Smartest Person Best

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Title: Herbalife is The Average Person s and Smartest Person Best


1
Employing Yourself
2
Average 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
3
Herbalife 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
4
Treat 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
5
Dorans 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
6
How is your Herbalife business similar to a
traditional company in Corporate America?
6
7
Its 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
8
Traditional companies have a Chain of Command,
your Herbalife business has a Marketing Plan
8
9
Know 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
10
Understand the Marketing Plan and how it works
FOR YOU! (Herbalife)
10
11
Common 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
12
The Key to success is Knowing and Applying the
Basics.
12
13
Use 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
14
Retail 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
15
Recruit 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
16
A 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

18
The End
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