subject: Mary Kay Threatens Legitimate Business [print this page] As we study the history of the company, we arrive at find that it was founded in Dallas, Texas in 1963. Mary Kay Ash decided she wanted to create a very small business that involved the direct sales of cosmetic products. She was an experienced corporate leader in their day and age, with tremendous ambition; which in turn helped her pave just how in establishing a conglomerate of unimaginable magnitude.
Mary Kay Cosmetics exceeds a sales figure of $2.5 billion dollars every year and it is constantly pushing this having its insane $1.6 million dollar Sales staff. This is amazing considering their initial sales revenue of just $200,000 in 1964, with only 300 sales representatives. In 1967 the organization was taken public and Mary Kay Ash had become the first woman to chair an organization listed on the New York Stock Exchange. By now Mary Kay Cosmetics was selling color cosmetics like eyeshadow, lipstick, nail polish, blush, and other foundations and powders. It was also during the time when Mary Kay began compensating their top-performing sales representatives having its famous pink Cadillac's. This practice will continue to this day, and more than 6,000 pink Cadillac's are already awarded or loaned to company sales personnel.
Mary Kay Reviews - Compensation and Cost to Join
As a Mary Kay distributor you're guaranteed a pay of %50 commissions on retail sales. This can be expected from physical sales in addition to catalog distribution, and even purchases made from the websites that Mary Kay might make available for a small bill every month.
Mary Kay distributors are required to make a wholesale acquisition of $200 every 3 months to keep their accounts "active," in order to remain qualified to make further purchases at low cost. Buying wholesale qualifies you to definitely keep buying wholesale, quite simply. But that doesn't signify the products you've purchased are the types that will actually sell, every good brick-and-mortar retailer knows.
What you'll find is that there are ways to profit with Mary Kay, but you're going to need to be creative. You'll need to have your own personal business website that links to your standard company site, and you'll have to do a very good job of branding yourself as well as your story to attract visitors to do their Mary Kay business through you. The company has some strict rules about Internet marketing, but, as of time of this review, it seems entirely possible to follow those rules and do very well through a creative usage of Internet marketing techniques.
Mary Kay Reviews - Products and Summary
The item line includes skin care products; make up, fragrances, dietary supplements, personal care, sun protectants and also an entire line of products for guys. Mary Kay products are sold wholesale to consultants who then make their profits from selling at retail prices.
Although Mary Kay was only worth a few thousand dollars in the dawning days, it is now a multi-million dollar company and something of the largest cosmetic companies on earth that provides over 200 products targeted at making people feel beautiful and with over one and a half million sales representatives across the globe, Mary Kay offers a great chance of anyone who might want to check out direct network marketing. However, it is vital at the same time to understand the fact direct marketing needs a good deal of commitment for you to succeed.
Network Marketing (or Multi-Level Marketing) could eventually become the most important part of business systems used today. To succeed, you must rely on a referral-based distribution system. This really is to say that these products are actually sold by person to person, which is why this is also referred to as "referral marketing" and "Word of Mouth Marketing". It's safe to say success heavily relies upon individual drive and enthusiasm of every sales representative, and the referral system mentioned.
Overall you must understand that to achieve success with network marketing you'll want the individual drive and passion to require to succeed. You are the companies face and image. They can not afford to spend huge amounts of money on advertising, and that's why the individual sales representative is so important in this business system. However if you succeed, you will end up rewarded. Do I visit a Pink Cadillac inside your future?
