Tuesday, April 24, 2012
The Mary Kay Compensation Plan
Mary Kay creates a fun and rewarding experience for skin care consultants interested in advancing their careers with the company. The company provides support through weekly meetings, praise upon achievements, income and flexibility in designing a business.
The first avenue is through sales of make-up and skin care. Independent beauty consultants can earn fifty percent on the products they sell at their classes. The beauty company specializes in their skin care classes and color classes. Independent beauty consultants find clients through promoting their business to friends, family and through referrals.The new consultant hosts her/his first party with friends and family. She/he then earns referrals by giving her/his new clients quality pampering. Top representatives say knowing the rules, knowing the products and knowing their clients is a successful way to approach sales with Mary Kay.
Sharing the opportunity is the second avenue for the Mary Kay compensation plan. Independent beauty consultants in Mary Kay earn a percentage of their recruits' profits. However, it is paid out from the company directly. The profits are not taken out of anybody's paycheck or profits. Please note: The recruiter does not earn status, rewards or a residual paycheck until that new representative places an order of two hundred dollars or more and consistently maintains sales.
Independent beauty consultants can also sell their appointments to others. This is called dove-tailing. If she is too booked for a particular day, she can give that appointment away to a rep who needs them. In turn that rep will pay out a discretionary "finder's fee" to the agent who made the original booking, provided that sales exceed one hundred dollars. The suggested amount is around fifteen percent. The hostess remains the client of the referring agent. She does not lose a client. Future sales, customers, and future bookings go to the Beauty Consultant who held the class.
The fourth way independent beauty consultants can profit from compensation is through winning contests. The one contest that the company is known for is winning the use of a company car. Mary Kay is known for the pink cadillac, but agents can earn a chevy malibu or another car as they climb the career ladder. Directors who coach their teams emphasize the importance of understanding and knowing the rules prior to entering. Understanding these four tiers of the Mary Kay Compensation Plan is crucial to independent beauty consultant's success with the company. Have fun and be prosperous along the way
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Article Source: http://EzineArticles.com/?expert=Elizabeth_Minelli
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