Tag Archives: nuskin university
Posted on 14. Nov, 2009 by admin.
Nu Skin Enterprises is a direct selling corporation headquartered in Utah. lt is also publicly traded on the New York Stock Exchange, with revenue over 800 million dollars. Nu Skin launched in
June of 1984. Blake M. Rodney started NuSkin with less than $5,000 startup capital from his own pocket. In October of that same year, Nu Skin incorporated. NuSkin Enterprises is currently a
global company, reaching many 41 countries, including Australia, New Zealand, and Europe, to name a few.
Nu Skin Products:
There are more than 820,000 independent distributors who use, sell and recruit others to become independent retailers. Nu Skin markets skin, cosmetic, oral care, general nutrition, sports nutrition, weight management, botanical, and hair care products through three subdivisions; NuSkin, Pharmanex, and Big Planet.
NuSkin products are developed from natural ingredients. Much of Nu Skin’s earnings are spent on research and development of new and innovative products. They have even partnered with Stanford’s school of medicine for scientific research in dermatology, ethnobotany, and cosmetic science.
NuSkin business opportunity involves 2 things: retail marketing and sponsoring new distributors.
Distributors make money two ways:
1. Selling the products
2. Earning commission off the product sales of downline.
To get started in Nu Skin, it costs $35.00 with an annual fee of $20.00. However, you are required to move large amount of products to qualify for commissions. NuSkin enforces some stringent demands and quotas.
You don’t make money by signing up a new distributor. The money is generated when a product is bought or sold. This makes the company very product-driven. Therefore, its not the quantity of distributors you have in your group that is going to determine the money you make. You success is going to be determined by how successful your Nu Skin distributor is at buying and selling the products. You can sell the products at30% markup. The entire profit goes to you. The commission for you sponsor comes from the wholesale dollars you paid out for the products you purchased.
There are levels within the NuSkin business model. The first level is that a new distributor should shoot for is to become an Executive. An Excutive has 5 first level distributors who are reaching a specific sales volume. To move up from the Executive level, the group sales volume must increase and a number of the distributors in your downline must become “break-away” executives who have also created a downline.
There are 7 levels in NuSkin:
1. Qualifying Executive
3. Gold Executive
4. Lapis Executive
5. Ruby Executive
6. Diamond Executive
7. Blue Diamond Executive
NuSkin Compensation Plan:
As a NuSkin distributor you earn:
- Fast-Start payments when you sell Fast-Start Product Packages to your customers and distributors
- $285.00 USD ($325.75 CA) package price
- 2OO PSV
- $50 paid to seller
- Up to 30% profit on retail customer purchases
- 5% commission on L1 sales generated monthly
Nu Skin Training:
NuSkin University offers training to Nu Skin distributors. It is a comprehensive online training and education resource that is used to empower employees as well as distributors wih the knowledge hey need to become successful. Nu Skin University consists of two main parts:
1. eLearning courses :products and business related online training courses and presentations.
2. online library : comprehensive Nu Skin product information database.
The NuSkin training program offers courses through e-learning system. A distributor can learn about products, skins care, health management. Having such knowledge will make it easier for the distributor to talk to prospects about the products, thereby helping with the selling of the products. It is up to the Nu Skin distributor to enroll themselves into the online courses offered by the NuSkin University.
Skills are imperative success in business. This is why it is a necessity that the NuSkin distributor participate in as many of the trainings offered by NuSkin Enterprises. Finding people to talk to
may be relatively easy at first. Most network companies will suggest that you talk to your family and friends first, and this is fine, if you feel comfortable with using this type of marketing.
But, if you find that it is not easy to talk to your family and friends, and if you are struggling finding customers and prospects, you can always resort to using an online marketing system which will
train you on how to use the internet to market your business. Another added advantage to using marketing system, is that you can use the system to train your downline, thus, freeing you up to
focus on your marketing.
There is also a sales funnel that is provided within most marketing systems that will allow NuSkin distributors to generate an income while building their NuSkin business. Buying products for your Nu
Skin business will be a requirement, but the cost can be offset by the income generated through the sales funnel. Even if the offline marketing methods taught by NuSkin is the preferred method by some Nu Skin distributors, there are always going to be those individuals who prefer using the internet to build their business. This is another advantage to incorporating a marketing system into a marketing plan, to allow flexibility in the marketing training to new NuSkin distributors. Not everyone is the same so why attempt to teach everyone the same methods of marketing. Let them make the choice as to the preferred marketing method. They may even prefer to incorporate both, but at least they will have the choice available, which will make NuSkin distributors far happier than having to be forced to use marketing methods they don’t enjoy. Happy distributors are more likely to stay.
As a business owner, there are many choices to make and it stands to reason that some of your choices may not be the best choice. But, this should not prevent you from moving forward. The key is to learn from your mistakes and to never give up. The failures and mistakes you make along the way during the business building process will inevitably lead you to success, that is if you learn from them and stay in the game. Ultimately, to win in business, you must always stay focused on your goals and believe strongly in your business and, most of all, in yourself.