Happy Friday: Buy vs. Sell
It’s Happy Friday again! As you dust off your suit for tonight’s team meeting. BTW, when was the last time you took your suit to the dry cleaners?
In the Amway business, there seems to be a product tailored for everybody. You can drink XS Energy, eat Nutrilite bars and vitamins, use LOC and SA8 at home, and buy Ribbon gifts for friends and family.
My question today is how much are you buying for yourself versus selling to others? What if instead of drinking XS Energy, you drank water (not Perfect Water) and sold XS Energy to others? How much would you both (1) save by not self-consuming and (2) earn by selling retail to others? Perform the same exercise with the other products that you purchase on a monthly basis.
The key to any business is to maximize profits and minimize expenses. What’s the bare minimum you need to keep your business at humming along at its greatest efficiency?