How Long Should a Person Stay in Amway?: Building a Network is the Same From One Industry to Another

When a person starts a business, there are certain key factors that should be kept in mind. One is that most businesses do not turn a profit in the first two years. Next is that even while a profit is being turned it may not be significant enough for the owner to directly benefit from it, meaning that he or she may have to go for two to three more years without drawing a salary.

For these reasons, it is not uncommon for businesses to fail prior to the five-year mark. Between lacking necessary capital, unrealistic expectations, unexpected changes in the market, and the need for alternative sources of income, such as a night job or venture capital, to cover personal and business overhead, many budding entrepreneurs fail to bloom. Rather, they die on the vine.

There are some exceptions, though, and they usually lie in home-based business opportunities, such as network marketing. Due to the flexibility and relatively low overhead of running a business through Amway, Avon, or Juice Plus, many of the entrepreneurs involved find themselves maintaining their business registration even in years when they are not earning any money; sometimes, even, after several years of never having made any.

All of this begs the question: when is it time to quit?

Business is Business, Even if it’s Amway

As noted before, most businesses cannot expect to turn a profit early on. The same would go for those trying to build a network. After all, registering for a business of this kind ranges in costs from $10-$200. Then there are meetings. For those holding refreshments can be included as tax write offs since they are part of the cost of doing business, but it should be noted that they are also taking away from one’s bottom line.


Additionally, those who pursue networking seriously will be purchasing educational materials, such as books, CDs, and seminar tickets as well as inventory to sell to clients or hand out as samples to attract them.

After two years, one must evaluate whether any difference has been made from the first. Has a profit been made? If not, was there any difference in the losses that would persuade an independent adviser to encourage another year of staying in business?

Just as one would have to consider keeping a bar, restaurant, stationery store, or smoothie shoppe open, a smart business person will keep his business accountable to its purpose, which is to make money.

Profits Make Good Business Sense

Just as there are reasons to stop being in business, there are reasons to stay in business. The most obvious is when one turns a profit. Consistent profits, even if they are not always growing, make a business worthwhile, allowing for the joys of increased means through enlarged cash flow.

When one increases his means, he may find that he has more options in how he spends time with family, where he goes on vacation, and what kind of home he can live in.

Contrary to this sense, many people involved in network marketing fail to draw any conclusions on whether they should ever cease operations. After all, they’ve seen people in the industry who had been in a position of losing money for years to see it all pay off. Also, they’ve heard stories of others who built large networks over very short periods of time because they were able to find the right people.

How Long is Too Long in Network Marketing?

Some networkers would object to any notion that there is an appropriate time to quit being in business. What these people …

Merchant Services Transaction Fees: Understanding Authorization Fees for Credit Card Transactions

In addition to paying a percentage rate when accepting credit cards, there are also transaction fees. Sometimes, multiple transaction fees can be charged on the same transaction. Here is an explanation of the fees found on a merchant services or merchant processing statement.

Transaction Fees on a Credit Card Processing Statement

In addition to paying a percentage of the dollar amount of the sale, the merchant pays a transaction fee. This fee ranges from $.02 to $.45. Some processors offer a reduced transaction fee for merchants who process small ticket sales (e.g. ice cream parlor, coffee shop, doughnut shop, diners).

American Express (AMEX) is almost always separate, but often, the processor will charge a transaction fee in the range of $.10 to $.35 for AMEX transactions. American Express then bills its rates (a percentage of the sale amount) separately.


What are the MC Network Access Usage Fees and Visa Authorization Processing Fees?

“AUTH” on a merchant services statement is short for “authorization.” For more information on abbreviations on credit card processing statements, see Credit Card Processing Statement Explanation: Understanding Abbreviations & Meaning of Fee Types.

The MC Network Access Usage Fee is currently an additional transaction fee of $.0185 from MasterCard. This is a surcharge of roughly two cents.

The Visa Authorization Processing Fee is currently an additional transaction fee of $.0195 from Visa. This is a surcharge of roughly two cents, as well.

Sometimes, there are also additional authorization fees for Discover and American Express as well.

Debit/Check Card Transaction Fees

Debit and check cards sometimes have a lower percentage rate charged than the qualified rate, but the transaction fee is often higher. For example, if the transaction fee is $.10, then the debit transactions might be $.15 or even $.25.

Debit cards that are processed as a pin-based transaction will have 0% rate plus a flat $.50. Processing the debit and check cards this way generally makes sense with ticket sales over $20. If the sale is smaller than $20, then it is usually less expensive to run the card as a credit card.

AVS and Other Authorization Fees

AVS stands for address verification system and represents a surcharge per transaction using this system. This is a good idea for merchants to use, especially for sales with a high dollar amount as it reduces risk of fraud.

Other transaction fees are surcharges for different types of cards, as well as international credit cards. Surcharges also apply for most online access services.

It is normal in the credit card processing industry to charge transaction fees. It is also normal that they vary. However, if there are gross inconsistencies on the merchant services statement, then call the processor and ask about the items in question.

Make sure that when receiving a quote from a competing processor to ask about the transaction fees as well as the percentage rates.…

Free Sample Letters

Free Sample Letters – Business Templates

Here are links to free sample letters for use in business situations:

  • Sample job acceptance letter – A straightforward message that officially documents a candidate’s acceptance of a job offer. This file can be opened with Microsoft Office 97 or a later version.
  • Business letter templates – The Microsoft Office website offers a variety of business letters for download. At this link, find over four pages of free templates, including a business proposal, several types of complaints, a customer appreciation message, a meeting request, sales letters, past-due notices, and a basic job offer letter.
  • Character reference letters – This article discusses what exactly to include in a character reference and links to two templates available for download from the Microsoft Office website.
  • Termination letter example – This free sample termination letter is compatible with Microsoft Word 2003 and later versions. It’s a matter-of-fact message designed for firing someone who has displayed consistently poor performance. The letter references prior written warnings and has bullet point placeholders for listing specific performance issues.

How to Write Letters – Business & Personal Samples with Instructions

The following five letter samples come with instructions on customizing each one to suit multiple scenarios. These examples are in italics in the body of each article. To use one, simply copy and paste the italicized portion into a word processor and customize as needed.

  • Letter of resignation – Find a resignation letter that allows you to quit a job gracefully. This article includes a respectful exit message without burning bridges or singling out any specific person as the reason for leaving.
  • Personal referral letter for a babysitter – This article contains one complete example character reference appropriate for an excellent babysitter who needs a personal referral from a non-teacher.
  • Professional letter of recommendation examples – Here is a letter of reference for a co-worker and another recommendation written from the viewpoint of a peer colleague or manager.
  • Interview thank you card writing sample – This article contains one example job interview thank you note message with a discussion about the appropriateness of emails versus handwritten cards.

How to Find Other Free Letter Writing Templates Online

All of the letter writing templates above can be customized to fit a particular situation. Simply start with one of the basic templates and insert names, dates, and details as needed.

If the personal and business letter templates above don’t suit your needs, consider doing a simple Google search for a specific type of message, making sure to add the word “template” and/or “sample” in the search box. Most search results should be for free templates, so it isn’t necessary to add the search term “free.”…

Do You Want To Make Money At Home? AmeriPlan Helps People Meet Needs And Helps You Work From Home

AmeriPlan brokers are firing their bosses. How do they do it? They market an inexpensive healthcare discount plan to people who are uninsured, underinsured or uninsurable from the comfort of their own home.

Approximately 70 percent of people in the United States don’t have adequate healthcare insurance to meet their needs. The market for AmeriPlan’s services is huge. Chances are good that you know someone who isn’t adequately covered, and if you don’t you certainly know someone who does.

When you sign up as an independent business owner, you get excellent support from headquarters via what brokers call the “back office.” In the digital world, there are still many companies that require you to fax in paperwork for your sales. AmeriPlan is not one of them. All your prospective members can be signed up via the back office.

You are also allowed to recruit people for the AmeriPlan business opportunity, though you don’t have to if you would rather not. Options are also available for registered insurance brokers to sell AmeriPlan services. Eventually, after you have put in the time, you can be a trainer or recruit providers.

Once you sign up as an AmeriPlan broker (which only costs $95 in most states), you’ll receive a training kit that includes $50 worth of certificates to apply toward promotional materials. Your monthly maintenance fee of $50 includes five website addresses you can customize with your own information.

Training is provided, both through AmeriPlan’s corporate office and team training sites. If you join a team, you will also have training from your team in the form of conference calls and written materials.

Don’t be surprised if you’re overwhelmed by the amount of information you receive once you become an AmeriPlan independent business owner. There is so much good information out there to put to use, you’ll hardly know where to start. That’s when you should turn to the person who recruited you and ask them for help. Your recruiter is there to help you, because when you succeed, everyone who helps you succeeds.

The commissions are tiered in favor of the lower-level broker; the lower-level brokers get the higher percentage of commissions, and the percentage decreases as you work your way up the chain. This is unlike other similar companies, where the peons are paid peanuts.

If you’re interested in staying home with your children or are simply tired of commuting, this is the company you want to associate yourself with. AmeriPlan presents a real opportunity to work from home and get paid for it.…

Faberge as Businessman: Quality, customer service, and branding gave Faberge his edge.

Peter Carl Faberge is best known for his exquisite Faberge eggs and other jewel-encrusted works of art that were functional, decorative, and all the rage in royal Russia. However, Faberge was not only jeweler to Russia’s aristocracy, he was also a keen international businessman who demanded perfection out of his employees and set high standards for customer service.

Faberge Quality

Faberge himself did not actually create any of the fabulous pieces he is famous for today. Rather, he employed workmasters – highly-skilled jewelers, goldsmiths, enamellers, and artisans who could stone into life-like animal figurines, set jewels into the stamens of “flowers,” cast silver into whimsical images, and otherwise turn metals and minerals into prized and highly collectible works of art that were given as gifts to members of society’s upper echelon.

Hundreds of craftsmen who were employed at Faberge’s workshops and were held to exacting standards that served to reinforce Faberge’s reputation as no ordinary jeweler. Surviving Faberge items attest to workmasters’ skill and design aesthetics: a vase carved from a single piece of topaz is a minimalist creation that belies its own striking uniqueness; a bison shaped from obsidian with its nose polished to simulate a moist sheen is evidence of knowledge in materials and how to manipulate them to achieve a desired effect.

Faberge’s Branding

Faberge supplemented his income from expensive baubles by producing sets of silver for the Imperial Court and other aristocratic tables in the West. This early form of branding ensured that the most desirable customers were confronted with Faberge’s name and work whenever they sat down to dine.

Faberge’s Customer Service

Faberge was in superlative demand all over Europe, and his ability to work with individual customers further strengthened his popularity. Creating pieces that bore family colors, crests, or other personalized symbols were incorporated into items purchased for the buyer himself or as gifts. In some cases, Faberge’s customers helped to design pieces made for them.

Faberge’s Trendiness

Faberge had several branches in Russia and one in London. Customers could browse jeweled wares or place special orders. Choosing the gift was part of the Faberge experience – with each item a uniquely handcrafted item and always following the current fashion trends, Faberge retail shops were a smorgasbord of glittering novelties for Europe’s rich and famous. In addition, Faberge always discontinued items that were outdated in order to ensure that high society always had the freshest designs to choose from.

Faberge’s Worldwide Notoriety

Faberge had customers from Eastern Europe, Western Europe, the United States, India, the Middle East, and beyond. Those who could pay could always find what they needed through one of Faberge’s branches or through the jeweler himself. Faberge items were highly collectible even in his day. While history readily connects him with the Russian royal family as their personal jeweler, in reality, Faberge was internationally renowned figure.

The business that Faberge ran was not only about creating beautiful objects out of luxurious materials. It was about creating a highly desired product that carried with it guarantees of quality and fashionableness. Faberge objects delighted, amazed, and above all, flew off the shelves. These items, always in good taste, always of superior make, and always with the customer in mind is what still makes these objects so collectible today.…