If you’re like most American families, when you look at your financial obligations for the month, you’re probably left with a sinking feeling of dread. Stressing about how to pay for groceries, gas, the phone, rent, and more is a common reality for many families, and more often than not, a supplement of as little of $100 in a month could make a huge difference in the struggle to stay afloat.
As a Paparazzi Consultant, you have the unique opportunity to generate as much income as you need, when you need it. Whether your family is looking at some unexpected medical expenses, trying to budget for a vacation, paying for a home or car repair, or looking for a way to begin saving for something special, you have the power to make it happen! To make it even easier, we’ve created a simple formula that allows you to calculate exactly how many parties you’ll need to throw to make your financial goal a reality.
To begin, you’ll need to determine how much Retail Profit you would like to bring home within the month. In this example, we’re going to use a Retail Profit goal of $200. Divide your Retail Profit goal by $2.25, which is your profit from each individual piece of jewelry you sell. This will give you the total number of pieces that you need to sell this month. In our example, this number is 88.89, which means we need to sell 89 pieces to reach our goal of $200 in Retail Profit.
Let’s take it a step further. Take the number of pieces you need to sell this month and divide it by the average number of pieces you sell at each party you throw. This will provide you with the number of parties you need to throw this month to reach your goal. Continuing with our example, let’s say on average we sell 20 pieces per party. We’ll take the 89 pieces we need to sell divided by the 20 pieces we sell per party, which gives us a total of 4.45. Rounded up, we see that we’ll need to throw five parties this month in order to reach our $200 Retail Profit goal. Totally doable!
Retail Profit Goal ÷ 2.25
= # Of Pieces to Sell this Month
# Of Pieces to Sell this Month ÷ Average Pieces Sold Per Party
= Monthly Party Goal
This helpful formula is highlighted on the new Leadership Worksheet that was unveiled during the Empower Me Pink tour. So far, they've had Consultants share stories of how they’ve used the formula to pay for their ticket to IGNITE, date nights for their significant others, new clothes for their children, and so much more. How will you use it?
Your financial freedom is only a party away!