Over the years, Tom and I have started various businesses. Some successful, some not so successful. In this blog, I’m going to provide some tips for starting your own home party business, as well as my experience with starting one. Home parties can be a good way to get started as an entrepreneur. The business is already established, the products are created and all you have to do is sell them.
What are Home Parties?
There are hundreds of them out there. Jewelry parties, purse parties, Tupperware parties. You’ve all been invited to one I’m sure. It’s a genius business venture; a social event held in the client’s home with all their friends & family members. All there to mingle, eat snacks, drink cocktails and look at great products. And as for the sellers, it’s a great way to get out of the house and make some extra cash for a couple hours of work!
Researching Different Companies
If you’re thinking of starting your own home party business, I can’t stress enough the importance of research. There are multiple companies that sell each type of product, and more pop up as each product becomes more popular. Take a look at what’s out there, and find an item you can see yourself selling. You have to be able to stand behind your product; otherwise you won’t be a very convincing sales person. For me this was huge, as I could never see myself selling jewelry, purses or Tupperware! I don’t use or purchase enough of them to ever feel comfortable selling them. I decided to go a different route, one a little less traveled. I started an adult toy home party business. As they say, sex sells, right?
Once you’ve decided on a product, you’ve got to research the companies that offer it. I made an excel sheet so I could keep track of what all the companies offered and save any important information. My sheet consisted of the business website, price to buy into the company, sales commission percentage and any pros/cons I noticed. I also took note of the size and range of the product lists. Some companies are very business friendly, giving you training, website support, online ordering, credit card support and more. Some offer a tiered plan, allowing you to start at the level you are most comfortable with, and allowing commission raises based on sales numbers or team member sign ups.
Prepping for Business
Once you’ve taken the jump and signed up, you need to get yourself ready. This may include a number of things depending on what business you’ve chosen. In my case, I was lucky to already have a home office set up. I made a list of office products I might need, and took a trip to Staples. As for products, I had picked a basic package to buy in, so I also went online and made a list of other products I wanted to get in for my first party. Then I got organized. I read my training manual and went over our product line. I watched a couple videos of sample parties. I picked a list of my items that I would show at the party, and I made an outline of things I wanted to remember to tell the guests. I found some ice-breaker games to play, and I bought samples to giveaway. I was ready for my first party!
Now I just needed to find someone to have a party…Due to the sensitive nature of the products I was selling, it was hard to find people who wanted to have a toy party. I decided to have sort of a “grand opening” party, in which I was both the seller and the hostess (not all companies allow this, so make sure you check before planning one.) This way I could try out my new knowledge and product line on a group of family and friends in my own home. It allowed me to be more comfortable and less nervous, and if I made a mistake they would understand. It also gave me the option to use hostess credits I gained from the party to increase my product stock so I had more items to show in the future!
Lucky for me, my good friend came to my opening party and loved it, so she scheduled her own. The guest list was small, but all her guests were interested in the product so the sales were still great. That is one way to find clients, having guests at one party schedule to have their own. I found it hard to be too pushy, especially when you’re selling sex-toys. Another way to find clients is online marketing. If you have a Facebook page, you will find that marketing your product will be a lot easier, and you will find clients for parties by advertising with friends and family on your page. Keep an organized schedule of your open party dates, and let people know you’re free!
Benefits of a Home Party Business
A lot of these home party companies have great benefits for their sellers. Some offer a higher commission percentage anytime you hit a new sales level. Others offer higher commissions based on how many “Team members” you get to sign up. Most offer discounts on the products for the seller. Some of the big companies have annual sales meetings where they offer giveaways, trips, money and more! But most of all what these companies offer is the chance for you to be a successful business owner all on your own. I know some of the sellers in my chosen company who have made $45,000 salaries just from their home party business!
What to Take Away
If you’re looking for something to make a little extra cash and to get you out of the house, home parties might be for you. It gives you the chance to be social and meet new people, to gain confidence in yourself and be your own boss. Plus you get the benefit of joining an already established business, instead of having to go through all of the steps to start your own.
But just because you are joining an established business, don’t expect to be rolling in the dough right off the bat. It requires a lot of time and energy to be successful. At first you will most likely be able to book several parties as you target your “warm leads”, which are friends and family. But after a while those leads will dry up and you will need to find a way to get new leads, often from people you do not know. Especially when you start getting past your friends and families, it take a willingness to ask complete strangers to invite you into their home to sell your product. For myself, I unfortunately did not have to time to put into my adult toy party business after I used up my warm leads and I had to let it go. So as someone who has tried and failed, I suggest you take a beat, and make sure you’re really ready to start this new endeavor.
Have you worked with a home party business? If so, how did it work out for you?