Subject:
Mary Money VS Betty Bucks which one is you?
Lipstick sells for $12.
You paid $6 for the lipstick.
YOUR PROFIT IS $6-YOU MADE MONEY. ! YOU MADE MONEY!!
If you sell it at a discount-you chose to give up some of your profit.
If you gave it away-you chose to pay for that gift.
If you spend your profit on your business-it was your choice!!
Again..Lipstick sells for $12. You paid $6 for the lipstick.
YOUR PROFIT IS $6. ........ YOU MADE MONEY!!!!
Money management is one of the biggies for why women leave their Mary Kay . Let me make this very simple by giving 2 examples....
Betty Bucks (BB) and Mary Money (MM).
BETTY BUCKS buys a $600 initial inventory.
She charges $775 with Sec 2 and taxes.
Her first week she sells $200, the second week she sells $250.
She takes about $40 out for this and that. She spends $10 on meetings. She opens her bank account and pays $300 on the credit card. Her debt is now $475.
She's excited ... but now she needs more products so she places another order on her credit card and does a $400 order with tax/sec2=$475 on her card.
Her debt is now $950, and she still doesn't have a full store and her sales are lower than what they could be because she doesn't even have one of everything.
After a few months, her credit card is over $2000 and she doesn't see a way out of this spiral. Her husband asks her to quit since it's costing them too much for her to be in MK. Get the picture.
Now let's talk about MARY MONEY.
She bought a full store plus sec 2, business cards, smart start and her website for about $4500.
Her monthly payment is about $150. She knows exactly when the debt will be paid off and she is planning a party for that day in a few years.
Her first week she sells $250 because she has a full-store and the next week she sells $300. She takes a 60/40 based on her sales plus tax. So $233 goes in her profit account and $355 goes in her restock account.
She places orders at $400 wholesale when her restock account is high enough to order at Bonus level. She uses a debit card so it's like paying cash and no more charging for future orders. She has a store so she just replaces what she sold-there isn't a rush.
$150 loan payment comes out of the $233profit-and so does any other business expenses. At the end of the week, MM pays herself and puts in her family account. The rest of the month the profit account is hers to do what she wants to!!!! In A few months, MM is driving a free car and on her way to Directorship because she FEELS successful and profitable ... even though she has the business loan she is paying off.
Get the picture ... the sales were close to the same but because of how they handled their money the results appeared differently.
BB is in debt with a small store and sneaking money out
of her gold money bag.
MM is almost debt free while paying herself.
How are you handling your money? 60/40 split?
Do you have a full-store?
What is your monthly payment and when is your loan-free party?
Do you have 2 bank accounts?
Are you investing your money?
Are you tithing-acting as if you have abundance, not scarcity?
Don't have enough inventory-get a loan or use a low interest credit card as a loan and get stocked up
Believe in Yourself!! Then make the payment with the 60/40 split.
Happy Shopping with all your Profits!! | 
