The staffers at Michigan State University can teach us a few things about direct sales.
Huh? If you think I’m really stretching to find a correlation here, read on.
The MSU Spartans for eight years in a row have held the title of the Top Public University when it comes to Study Abroad involvement. One quarter of their entire student body have participated in at least one Study Abroad experience. With 49,000 students, that’s a lot of people who said Yes to the opportunity.
Can you imagine if 25% of your team were business builders? Or if 25% of your team attended your annual convention or monthly meetings? Or if 25% participated in the corporate training modules offered freely to all consultants? How would your direct sales business look if 25% of all your hosts opted to enroll as a consultant? What if 25% of all your customers reordered each month?
The possibilities are endless if you consider a 25% success rate for all aspects of your independent direct sales business. To put it in perspective, loose statistics for the direct sales industry is that 2% will hang in there to advance to top ranks. If you get 10% attendance of those you invite to parties or convention, you’re doing well. Of those consultants who enroll 50% will quit within the first two years.