PLANNING
It’s November 11! Right now there are new consultants being
called that signed up on September 28! Which means…. That my date is less than
a month away of being called, approximately three weeks, which means I should
get my call in about three weeks! It’s getting SO close! Thanksgiving is only
two weeks away!
For those who don’t know about the ‘call’… When you sign up
to be a consultant, you do all the paperwork and that becomes your initial
date. From that date, you have a waiting period of 6-8 weeks to prepare for
your first order of inventory. When I get called I will choose which of the
packages I will be purchasing, and after payment- I will be official! So for
the rest of my three weeks of waiting, I am still scrambling to prepare for
this call!
This weekend we will be trying to make home-made clothing
racks out of PVC piping. I’ll show you the process if they work out well. (:
I bought a lighting kit on Amazon and some label tape for a
machine that my mother has. I plan to label each of clothing in my inventory
for organizational purposes. Or maybe I’m just a little OCD….
My plan for shipping is to use www.stamps.com and print on sticker mailing
paper, shipping in beautiful yellow poly-mailers. (:
And getting the money to purchase my inventory…
CREDIT CARDS
One of the biggest concerns for a consultant is the money –
which is a min. start up inventory cost of $5,000 which does not include all
your other business fees. (Clothing racks, hangers, any photography tools, any
shipping materials, organizational tools, bookkeeping, taxes, etc.) If you are
even thinking about becoming a consultant, start working on your credit score! This
is something you can work on and will be a huge help if you make the decision
to join the Lularoe team, or not!
All my life I grew up thinking, “I’ll never get a credit
card.” It’s bad, you get in debt, etc. What I didn’t know, is that I could
never have any sort of credit score without getting a credit card AND that it
didn’t have to be such a bad thing, and you don’t have to go into debt.
The funny thing was, because I had never had a credit card,
no one wanted me to give me one! So about a year ago I found myself in a
conundrum… I needed credit (for future house, renting, etc) so I needed a card,
but I couldn’t get a card, because I had no credit!! Even at my home bank, I
had to be working three months straight at my job before they suggested that I
apply for a low-limit credit card (even though I had years of proof of solid
jobs before my two year disappearance because of my church mission).
What TRIUMPH when I got my shiny credit card in the mail. (:
How even more childish I was when I got my first junk mail offer for more
credit cards later. My hubby and I have a friendly competition of who gets more
credit junk mail. Now, I didn’t pay much attention to the offers in the mail,
until I realized a couple of months ago that I would not be able to get the
money for Lularoe when I had hoped. This is where my good credit that I have
building over the past year has come in handy! Just yesterday I applied for and
will be receiving in the mail a new credit card with a higher credit limit! Of
course, I had been hoping for limit to match the $5000 that I would need for my
initial order, but it will cover a good chunk and will let me pay it off with
0% APR for 12 months!
My only regret… I forgot to ask if I could have the pink
card… =D
Perks of my new card: it also helps me earn miles for air
travel, which will be handy when my hubby starts applying for residencies out
of medical school.
TAXES
I am so glad everyone in the world is so different from each
other… If everyone was like me, then everyone would never do their taxes, or
least, they would do them wrong and the world would be a mess. I find it odd
that there are people in the world who actually ENJOY accounting and doing
peoples taxes. I will not complain! I have been stressing about taxes for my in
home business and all that it entails. I hate worrying about MONEY. Especially
taxes, because they have never made sense to me. I am so glad that there is a
business that helps Lularoe consultants exclusively! They have a ton of free advice in the form of
FAQ and videos, which while helpful, made me realize how much easier it would
be if someone just did it for me.
I have decided to hire them for December when I onboard,
then play it by ear after. I’m guessing I will be addicted and dependent to
their services and will not want them to leave my business and me alone…
especially in the same room together on tax day.
I’ll end with this video that they posted. I like it,
because while he is talking about business, I believe we can apply the
principles to every day life!
It's good to know you've found a partner in lulabooks.io to help you with your finances! As you say, it isn't everyone's bag but an essential part of business. As a self-employed consultant myself, the best decision I ever made was to get professional help. That was 7 years ago and it's saved me heaps of time and pots of money.
ReplyDeleteDewey @ TMS of PA