The journey of strategic corporate planning, especially when setting one, five, or ten-year targets, isn't a roll of the dice. It demands deliberate action and meticulous planning. The difference is clear between companies that carefully design and follow through with their plans and those that drift without direction. Successful organizations operate like a well-coordinated rowing team, each member in sync, propelling the boat forward with defined objectives. This article summarizes a more … [Read more...]
3 Stats Direct Selling Companies Must Pay More Attention to in 2023
One of the things I love about my job as a consultant to direct selling companies is that I get to work with a variety of companies at a variety of stages. And while I see little nuances and differences among them all, I can promise you that all direct selling companies have much more in common than they think. So, when I start to see some work that I’m doing with several clients resonate at a really high level, it makes me think, “That would make for a great article!” And today’s article is … [Read more...]
The 7 Most Common Recommendations for Today’s Direct Selling Company
Every direct selling company thinks of itself as extremely unique. You probably feel that way about your company, too. Your product is one-of-a-kind. Your compensation plan has unique perks. Your founder offers both special privileges and special challenges. Your culture is special and unprecedented and unlike anything you’ve ever seen. And I bet that’s all true. I just bet it’s not as true as you think it is. My experience has shown me that direct selling companies have a lot more in common … [Read more...]
5 New Rules for Direct Selling Success
It used to be that choosing how you wanted to sell your products using a direct selling method was a fairly simple proposition. Direct sellers employed two basic selling approaches: one-on-one and one-to-many (usually referred to as “party plan”). The Most Recent Approach Then along came the vitamin and supplement companies who drove a new method of selling using a variation of subscription selling called “autoship.” While it seems common now, this approach was quite innovative … [Read more...]
9 Surefire Ways to Supercharge Your Strategic Planning
Q: On a scale of one to 10, how would you rate your company’s strategic planning process? I recently asked that question to a group of about 25 direct selling executives, and the average answer was a “5”, with the highest being a “7”. That should tell us a lot about how we feel about our planning process. Dwight Eisenhower once said: In planning for battle, I have always felt that plans are useless, but planning is indispensable. I love that quote because it speaks to the priority of … [Read more...]
Strategic Planning Done Right
In this short 30-minute webinar, Brett Duncan shares simple ways any direct selling company can get the most out of their planning process. Learn specific techniques and guidelines you can use to improve the planning process at your office. Get Instant Access to this webinar and many others. Create your free account now! The Planning Process Whether you are a one-person company or a thousand-employee company, you will receive valuable information from this webinar because the planning … [Read more...]
Direct Sales Marketing: Unusually the Same
Marketing for a direct sales company is a funny thing. Countless are the stories of companies within our fair industry who have welcomed an executive of the highest marketing pedigree with vast experience outside of direct sales, only to escort them out in short order, noting, most often, their lack of experience within direct sales. The very promises that allured us to them in the beginning (e.g. establishing a brand, updating our packaging, increasing awareness, incorporating true market … [Read more...]
The Difference Between a Mission & Vision Statement
No day-long corporate strategy session or weekend retreat can survive for long without two things being forced upon everyone to ponder and pander over: Mission Statement Vision Statement I’ll confess, I’ve never had a strong grasp on the differences between them. Most vision statements I’ve seen would pass for mission statements and vice versa. But then I heard them both explained this way, and it made all the difference in the world. I first saw this expressed by Christopher S. … [Read more...]
Are You Just Strategically Wishing?
The next time the strategic planning season is upon you, don’t do what most smart, well-meaning people do. My experience has shown me that most people confuse the words “strategy” and “wish.” They’ll bellow decrees of how 2018 will be the year we increase sales, or boost recruiting, or retain more customers. Sounds great; who doesn’t want to do any of that stuff? But it’s not a strategy. Difference Between Wishes & Strategy Wishes usually encompass only the “what.” They answer the … [Read more...]
What Can the NFL Draft Teach Us About Strategy?
Last week (April 27, 2017), we Americans got to enjoy what has quickly become a national holiday. Or at least it seems that way. It's the NFL Draft. Lots of analysis and educated guessing goes into the days, weeks and even months leading up to it. And since the draft, there's been no shortage of grading and analysis, as well. I definitely get excited about the draft, too, but for different reasons. I absolutely love what the NFL draft teaches us about strategy. Because, even though all 32 … [Read more...]