Right Julie... rewarding great clients. They will get a great discount on these items but spend a great deal of money on many other products throughout the year. Get the penny out of the eye to see the dollar!!!
I think our comments below miss the point of the open house....You are rewarding your loyal customers with special deals while spending some quality face to face time with them. The chance to set up a new party with them or share the business opportunity.
With all of your expenses with this how do you make a real profit? Buy one half off? That's at best 25% sales plus all of your expenses (lost tax, food, baskets, gifts, etc). Do you only do this to move all of the discontinued product? That was a lot of left overs. When I sold, I was careful about not buying limited edition in order to avoid this very thing.
The thing about doing a buy one, get one half off is...MK offers a profit of 50% right, like if you buy it from MK at 10 dollars you're selling it for 20. Which is fine, but...if you are doing half off sales on products, you are not making any profit?? All the customer is doing is re-paying you for what you spent on the product, but you are making zero profit on any of those items. And then you said many items you had marked down to OVER 50% OFF. So then you are actually LOSING money when you sell those products?? Plus in doing an open house you at providing food and use bags and business cards and catalogs and giving people free product of a hand cream so that means you aren't gaining money, you're just losing money. I thought the open house was terrific until I really thought about the expense breakdown. :(
Very nice Emily. Thank you for sharing. You are awesome. MK videos are timeless. xoxo
Right Julie... rewarding great clients. They will get a great discount on these items but spend a great deal of money on many other products throughout the year. Get the penny out of the eye to see the dollar!!!
Sweet Emily! Thanks for sharing by video!
I think our comments below miss the point of the open house....You are rewarding your loyal customers with special deals while spending some quality face to face time with them. The chance to set up a new party with them or share the business opportunity.
With all of your expenses with this how do you make a real profit? Buy one half off? That's at best 25% sales plus all of your expenses (lost tax, food, baskets, gifts, etc). Do you only do this to move all of the discontinued product? That was a lot of left overs. When I sold, I was careful about not buying limited edition in order to avoid this very thing.
More better prices $$$$$$$$$$$$$$$$$$ when discounted I've bought a lot Mary kay in the past to costly honestly
The thing about doing a buy one, get one half off is...MK offers a profit of 50% right, like if you buy it from MK at 10 dollars you're selling it for 20. Which is fine, but...if you are doing half off sales on products, you are not making any profit?? All the customer is doing is re-paying you for what you spent on the product, but you are making zero profit on any of those items. And then you said many items you had marked down to OVER 50% OFF. So then you are actually LOSING money when you sell those products?? Plus in doing an open house you at providing food and use bags and business cards and catalogs and giving people free product of a hand cream so that means you aren't gaining money, you're just losing money. I thought the open house was terrific until I really thought about the expense breakdown. :(