Scentsy Opportunity – Do Not Join Until You Read This

Did someone just invited you to join Scentsy to earn extra income? Can this really work for you? I would like to give you an overview on this company and its opportunity and some advice on what you will need to achieve your financial goals.

1. Scentsy, a Direct Sales MLM Company

Based in Meridian, Idaho, Scentsy was founded in 2004. The company offers various types of candle warmers, or wick-less candles, which is safer than the regular candles.
The candle warmers simply release highly scented Fragrances within the wax, without creating fire risk associated with lighting a candle.
Scentsy is an MLM company that sells their product using Direct Selling. As an independant consultant, you will sell the product directly to the customers. When you sell above certain sales amount, you will receive commissions. Leadership Bonus are also paid out to team/group leaders who built teams of consultants, and these bonuses becomes the residual income.

2. How to Join Scentsy as a Consultant?

To begin, you will purchase a $99 starter kit, which includes selected Party Fragrance Testers, demonstration products and a good range of business supplies such as party/training DVD, Brochures, Business Cards, etc.

There after you will need to remain active by maintaining $150 Personal Retail Volume(PRV) every 3 months.

You can also subscribe to a replicated webstore/website for US$10 per month, which your customers can visit to purchase products.

3. Commission and Bonus Structure

As a start you will be paid 20% of your PRV. In the beginning, you get paid 20% of your PRV
Upon reaching the $1,000 PRV, you will be able to receive a 25% commission for your subsequent sales. Furthermore, you can stand to receive 2-9% of the wholesale volume based on your minimum PRV and Group Wholesale volume, once you have built a team of consultants.

4. Party Plan and Scentsy

Scentsy is a big fan of party plan and had been using this marketing strategy since its inception, although it has allow its independent consultants to decide their own marketing approach. This strategy had been successful for a handful of consultants and helped them to realize their financial goals. The downside of party plan is that it requires a lot of time and manual effort to organize and follow up. Alternatively there are also many top earners in Scentsy leveraging on online automated tools and systems to put them on the fast track of success.

5. Inexpensive products

Scentsy products are not high ticket, which makes it is easier to sell. However it also mean that you would need a very high volume to achieve a significant commission amount.

6. How much commission can you make?

As an example, here is what you need to make a $1000 commission:

A Sampler Multi Pack cost $105, your commission will be 20% at $21.

You will receive about $210 for first 10 sales.

You will receive $813.75 for the next 31 sales.

In total you will need to sell 41 sets of Sampler Multi Pack to receive $1023.75 commission.

This is totally workable if you can invite 5 new friends to a Scentsy party each time, organize 8 Scentsy parties and make sure each of your friends buy at least 1 sampler Multi pack.

Although this might seem easy, it does involve a lot of hardwork, new contacts and time. Fortunately, Scentsy does allow you to market your products online and thus leveraging your time and effort to promote the products and services. However what Scentsy does not provide is a Marketing System that will help you to generate new leads and convert these leads to customers or independent consultants.

A good system will be able to generate endless leads for your business, and convert these leads to cashflow even if they do not buy your Scentsy product or join your business.

The Difference Between Accounting Jobs And Finance Jobs

People are often confused between jobs in finance and accounting jobs. However, the differences are quite clear when you look at them individually.

In accounting jobs, the employee may be employed by an accountancy firm, where they will oversee the financial accounts of more than one company, or by a single company in their accounts department.

Accounting jobs involve handling and providing data relating to the financial performance of one or more companies. This includes preparing financial statements, such as income and expenditure statements, balance sheets, cash flows and such like, as well as income tax issues. Since most of the work is involved with the preparation of forms and financial statements, it is a good option for well organised people who prefer a passive, but independent role within a company.

Jobs in finance are concerned with decision making and are best suited to those who enjoy a leadership role. For example, finance managers use financial statements drawn up by accountants, to make decisions on how to minimise loss and maximise profits – this may include decisions on stocks and shares, or trading on the Forex market.
Companies offering jobs in finance expect employees to analyse how the company is performing financially, and make decisions based on that information. However, there are numerous jobs in finance that involve far less risk taking – for example, financial consultants are widely used within the banking industry.
Broadly speaking, therefore, accounting jobs are analytical and passive in nature, producing data which those taking jobs in finance then act upon.

Hamp Loan Modification Guidelines: Lender Secrets Uncovered

The key to a successful loan modification application is properly presenting your income and expenses to your loan servicer. A very slight difference in your income or your monthly spending could cost you an application denial instead of enjoying the benefits of reduced mortgage payments. Few tricks may help you to present yourself to your lender in a way that would ensure better chances of success.

HAMP Income and DTI Requirements

HAMP revolves around percentages and ratios. As it is a nationwide program, there are no individual considerations, just pure statistics mated with mathematics. The first number a borrower should keep in mind is 31%. This number represents a maximum portion of your gross monthly income that should be contributed towards your mortgage payment under HAMP. If your monthly mortgage payment is lower than 31% of your monthly paycheck, then you should not waste your time applying for a loan modification. If you are above even by 1%, then you are a likely candidate for mortgage payment reduction under HAMP provisions. Do not get too excited, though, as there are some other numbers and ratios to consider.

Excess Monthly Cash Flow Guidelines

This complex phrase means very simple and obvious thing – your monthly budget, i.e. your earnings less your expenses. What you are going are going to find out here is either that you are chronically short on cash or you have some leftover money every month. No matter whether you end up being in surplus or in deficit, make sure that you play the numbers to your advantage. You should budget your mortgage as 31% of your monthly income. Your surplus or deficit should not exceed 10% of your monthly paycheck. These numbers would show your lender that you would be capable of handling modified payments without overextending yourself; otherwise, they may decline your application because loan modification would not prevent you from future loan defaults due to insufficient cash flow.

Net Present Value Assessment

Lenders utilize the Net Present Value (NPV) test in order to establish how a loan modification under HAMP would affect their bottom line. It is calculated using a complex formula that considers multiple factors to include the current market of your home, your interest rate, your mortgage principal balance, your income and expenses, and some others. What NPV test accomplishes is that it establishes the worthiness of utilizing government incentives included in HAMP for lenders. Even negligible changes to the way your expenses are calculated may result in passing of previously failed test, and vice versa. Should you fail, a lender would reject your HAMP loan modification application and present you with some alternative options instead.

Above are the major guidelines lenders abide by when making loan modification application evaluations. While there are some other things taken into the equation, complying with the major three guidelines explained above would most likely guarantee a successful loan modification. Playing with numbers may be difficult and time-consuming, but when your home is at risk it is very well worth doing, especially since adjustments to your financial statements may be done at any time preceding the loan modification decision.

Hopeless Because Of Poor Credit? You Can Acquire A Bad-credit Home Loan Refinance

Poor Credit Borrowers

Because of these unhealthy economic times, many home buyers are entering the home refinancing market and bringing with them some pretty lousy credit scores. National, even global, financial issues have caused many folks to take severe hits on their credit ratings. Temporary joblessness, investments gone awry, maybe just some unfortunate mistakes, have descended on many home owners. Yet these borrowers are still a great potential market.

Poor Credit Refinance Lenders Want Customers

Just like anybody else, people with poor credit histories need to get their hands on cash from time to time. Or they need to get out from under mortgages that are onerous due to high interest rates and uncomfortable repayment terms. Lenders have recognized this new class of potential borrowers and have started offering bad-credit home loan refinancing with more relaxed standards. Qualifying is not as hard as it used to be.

Lenders Accommodating Poor-Credit Home Loan Refinance

When poor-credit home owners start thinking about refinancing their home, they usually have some combination, or even all, of these goals in mind.

* They want relief from high interest rates.
* They want more manageable monthly payments.
* They need to get their hands on some cash.
* They want to improve their credit scores.

Traditional Lenders Still Tight

Despite the fact that many poor credit home buyers have taken hits on their credit scores, and despite the fact that many poor credit home buyers are in the market for a poor credit home loan refinancing, traditional lenders – banks and credit unions – are still somewhat reluctant to lend. This was especially fostered by the home loan debacle at the last part of the last decade. Lenders were passing out loans to clients who could not afford them. So, traditional lenders are especially shy of those with bad credit histories.

Finding Lenders for Poor Credit Home Loan Refinance

Despite the reluctance of traditional lenders to refinance poor credit borrowers, you still should consider them if you have had accounts with them for a substantial period. They may be willing to help. You might even want to consider local, store-front lenders. However, go online to find a lender who will work with you regarding reasonable interest rates and comfortable repayment terms. Point your browser to poor-credit home loan refinancing and you will be rewarded with scores of lenders willing to work with you.

Rewarding Hope Online

Once you are searching online for a poor-credit home loan lender, you will also find brokers. These people will take your general personal and financial information and present you with a list of lenders who will probably be interested in refinancing your poor-credit home loan mortgage. Since the market place is so crowded, you will probably be able to pick and choose among the lenders to find an institution that will offer you the best loan, with the lowest interest rates and the most comfortable repayment terms.

Shopping Effectively

You need to be wary as you would be for any online transaction. Make sure any website where you divulge personal and financial information is secure. Make sure your lender is reputable. At least check a prospective lender with the online Better Business Bureau. There you will find grades from A-F, as well as feedback from past customers. Once you have cleared 5-10 lenders, ask for quotes from each. Let the agent know that you are getting quotes from other lending businesses as well. This may prod them to offer slightly lower rates because of the competition. If you are wise, there is no reason for you not to have a poor-credit home loan refinancing with interest rates you can afford, and monthly payments that are comfortable for you and your budget.