Skinny Wraps by Jess Business Plan



Skinny Wraps by Jess Business PlanJessica Tenopir8/10/2013MSM 520Final ProjectBellevue UniversityIntroductionSkinny Wraps by Jess is an independently owned business under the direction of It Works!. The business is run out of a home office. As a distributor, you bring amazing products to individuals to enhance their lifestyles and improve their quality of life. As a personal reward, you earn commission off the products that are purchased by your customers and the distributors that are signed up under you. This business is all about people and making a difference in their lives. The rewards your body receives using these products is hands down incredible and the potential financial gain that can be made from being a distributor is absolutely endless.Executive Summary (Separate Document)Market Assessment My company, Skinny Wraps by Jess, is just one small part of the entire business. The It Works! company is now global and is adding new members as distributors and loyal customers every day. It Works! provides products that help our clients look better and live a healthier lifestyle. The target customer is anyone who would like to improve the way they look or the way they feel. The products that It Works! Offers are natural and achieve results. There is no limit for male or females that want to obtain this product. There of course are certain limitations like if you are pregnant or under the age of 12, you will want to consult a physician. How many women want to tighten up an area, reduce the look of varicose veins, have their skin look and feel firmer, or look better for them, look great for an event, look better for their spouse in this world? How many men want to look better for themselves or for their partner? Men and women can use these products side by side of a sensible diet and exercise and achieve the results that they have always dreamed of. The customer’s marital status, lifestyle, or location does not come into play. The customer will purchase the products based on the research they will do, the testimonials they will see, and the price point that they will have to pay for the products themselves. Exactly why the It Works! company has created the Loyal Customer program so that a customer can get signed up and receives discounted pricing and shipping. There are also ultimate makeover packages that are available to loyal customers as well as distributors that combine ultimate body applicators, defining gel, and other products into one price so that you can decide which the best value is for you or for your customer. Herbal wraps in High End Salons could cost up to $200 each and could not even end up giving you the same results. The Ultimate Body Applicator shows results in as little as 45 minutes and will continue to work for the next 72 hours after the application. They come 4 applicators to a box and are priced at $59 for Loyal Customers. These “Wraps” detoxifies, tightens, tones, and firms as well as minimizes the appearance of cellulite where they are applied to the skin. The combinations of all potential areas are endless: chin, neck, tummy, back, upper legs, sides, arms, and face. The results are so dramatic that these products have even been featured in Hollywood at the Emmy and Oscar Awards celebrity gift suites so celebrities could take them home with them. They included Melanie Griffith, Seth Green, Rumer Willis, Leeza Gibbons, Olivia Wilde, and Kim Cattrall. They also have been on the seen on the set of movies such as Sex & the City 2. Not to mention It Works! will be featured in the following magazines this upcoming fall: People, Cosmopolitan, and Redbook. That should help bring the products into the focus of the public. Competition could be spas, gyms, and detox Programs as well as over the counter lotions, and pills. All of these things which all cost hundreds if not thousands of dollars and take considerable amount of time to see results. The It Works! products show results after 1 wrap in 45 minutes. Competitors are also other companies those product similar products such as Body by VI that carry supplements and vitamins to help you lose weight and make you healthier. The comparison has even been published against GNC products and supplements.The It Works! company also gives back to the communities which puts them in the eye of the public as well. It is a division of the company that is set up to give back to those in the community that need it. The company has even been known to shut down corporate headquarters to participate in donation walks and other community events to help raise money for a cause. The market environment is most obviously women ranging from 16-70. The first competition falls into the sweet spot of 20-25, however there are plenty of men who are looking to slim and trim as well as looking good when they get undresses for their partners. The product line exceeds just the “wraps” and affords women the opportunity to reduce stretch marks as well as varicose veins. The potential market size is exponential. The potential money for each distributor and team depends on the position in the company you are on but as a whole the company is bringing in Billions of dollars. There is a sense of urgency. Absolutely that is why It Works!. Women want it NOW and so do their men. Without marketing consistently, men will not be thinking about this kind of “gift” for their partner. If you consider wedding: most women diet and starve themselves before their wedding to fit into their beautiful dress, or most women freak out before a vacation, or how do they “fit” into the bikini that they wore before they had a family, and even that secret yearning to buy the sexy bikini out of the Victoria Secret Catalog, knowing you would just die if any one saw you in that suit. Is there a timeline or a deadline for these products? Yes as it is always ingrained into our heads, “I want it NOW and I must lose weight” or instant gratification as we all see it. These two issues have been facing men and women for decades not and it is truly gaining momentum with the health craze sweeping the country. “In 2010, Marketdata Enterprises Inc. estimated the total U.S. weight-$60.9 billion. “ “80% of all Americans want a convenient, inexpensive way to lose weight and get healthy right in the comfort of their own home. “ CITATION SUC12 \l 1033 (SUCCESS from Home, 2012) Upstream Marketing is defined as the strategic process of identifying and fulfilling customer needs. This process analyzes how the end-users use the product or service and what competitive advantage will be required to win the customer and at what price point. CITATION Ups13 \l 1033 (Upstream Marketing, 2013) This concept is exactly what the company It Works! is all about. The company looks at the products and the consumer and shoots to launch products in a price point that is acquirable for all to get their products in everyone’s hands. Competitive Assessment It Works! will have many competitors as salons, pharmacies, department stores, physicians, and spas. The market is competitive. It is very tough to establish a brick and mortar or mail order opportunity as It Works! is a global company and there are distributors everywhere to help guide you into a decision about them. Women and men who purchase products to improve their looks are improving their self-esteem, trying to get healthier, and potentially look better for their spouse. The consumer is always trying to get a deal or look into the latest and greatest pills, lotion, potion, or procedure. At a physicians’ office; these procedures could run thousands and thousands of dollars. In a salon or a spa; procedures, products, and treatments could cost hundreds of dollars. Even in a department store or pharmacy products can be hundreds of dollars. It Works! provides a price point low enough for their customers that their products are affordable and natural to provide you a healthier lifestyle. Surgery or treatments have some recovery time as well as time you may have to take the product or use it for so many days. The Ultimate Body Applicator shows you results in just 45 minutes. The products that are offered by It Works! help you accomplish many things. There are products to firm, tighten and tone selected areas of the body. The products are not necessarily gender specific, well except the ones for menopausal health. There are products to help to focus, to make you regular, and to detox your system.According to CITATION Mon13 \l 1033 (Monarch Plastic Surgery, 2013), a skin tightening package is $1200 for 4 treatments that stimulate collagen and tightened skin with a laser treatment for the face, neck, and abdomen. A healthy skin facial including a chemical peel for 4 treatments is $425. These prices are quite costly and one could not keep paying these prices for long. At Monarch Plastic Surgery you can achieve many services and many different or combinations of services performed by Board Certified Physicians. At a local Spa, Par Exsalonce, an entire day of treatments could be purchased for a package price of $371. One treatment of Ultimate Body applicators is 4 wraps that all come together in one box at the Price of $59. This is quite the savings and that is the point you take advantage of being a Loyal Customer, where you gather perks as you order and use products in the privacy of your own home. Sounds like a win /win situation to me. After all this is their hard earned money and each dollar spent needs to be well worth it. Consumers or customers could be anyone and even if they are using It Works! they could still be seeking out the competition for the best deal. That of course is human nature to make sure you are spending you money wisely. Those males or females over 18 that want to improve their appearanceThose who want a healthier life styleThose who need to use natural productsThose who are budget conscious and are on a budgetFriends of friends who have seen the Wraps work.Those people who are curious about the products themselvesThe products are available through It Works via ordering off the internet on the corporate website, their personal distributors’ website, and ordering from their distributor directly. This can all be done in the privacy of your own home, so that if you chose no one but you will know that you are taking them or using them, well maybe the mail man will notice. They ship straight to your door and you have no need to make an appointment or pay a gratuity. The Ultimate Body Applicators (the Wraps) can be applied at any time, in fact you could even wear it while you sleep and then wake up skinny. It Works! products are natural, in a low price point and show results. The products that make you a healthier person are also right on track. The products follow through with the results they promise and they are all priced to make them affordable for folks that are at all different income levels. It Works! Corporate are developing or putting information together on the website to show and compare results. The website also answers questions for consumers as well as the distributors that are getting people fired up about these products. The Wraps are the entire craze right now and yes this could be a downfall or a fad, but they are producing amazing results for many people, so the future looks bright and prosperous. Today’s society has the mentality to want something now, do not wait, do not stop at Go and do not collect $200. Due to the price point, the products are still flying off the shelves. It Works! offers a tremendous selection of products to improve your health as well as improve your appearance. There are thousands of distributors across the world that is talking to new potential distributors every day. Those individuals have the option to set up their own income to make wonderful changes in their life. Debt free is the goal for It Works! Even though these products are new to the market share we have commanding share of the product as we strive for more. Market Strategy It Works! is a company who targets clients who want to improve their image as well as their health. It Works! is a company who enhances the self-esteem of the client who uses the product. The reason behind the use can be personal or for someone but whatever is needed to feel better about one’s self. The company does not necessarily target a particular market or age group but merely any person, man or woman who wants to improve their looks or their health. The market can range from anyone over 18 that are having weight issues, memory issues, or even issues with being regular. Distributors with It Works! advertise on Facebook, via blitz cards as well as by word of mouth. This has proven to be highly effective. The competition is in place but you cannot access it from the comfort of your own home. That is the beauty of each distributor of It Works! having their own website and their customers can order directly from there. The products are then shipped straight to the clients’ home and no one ever has to know that they are being used. The market is saturated with spas and salons that perform similar services but they all cost serious money. The It Works! products can all be purchased at a discounted price as a Loyal Customer. This makes their price point very acceptable for customers. The key is to make Facebook pages the advertisement opportunity. Facebook and personal pages or forums are to post before and after pictures, to post product information as well as opportunities on how to become a distributor themselves. The customer needs to see the products that are available and the ones that are used for certain things. This market appeals and is open to many clients and is free to advertise because Facebook does not charge to have a page or a professional page. It Works! has even created corporate websites to ensure that distributors are getting all the information they can in regards to their clients and their products and the best methods to make them effective. The competition charges up to $500 per area to wrap and help induce results. The It Works! Body applicators come to you 4 to a box for $59 as a loyal customer. The It Works! Company considers all 4 wraps to be one treatment because it can take your body that long to get used to the detoxifying and naturals products infused in the wraps. Each distributor in order to move up in the ranks and the levels of commission need to sign up 4 loyal customers and 2 distributors and then once the initial members are in place they need to not look back and keep signing up people and their friends and complete strangers to help them increase their commissions. Luckily no distributor is required to purchase or carry inventory unless they plan to have a party or they want the ability to sell the wraps one at a time. They can of course purchase product for their own consumption because we can all be our own billboards for amazing results. The Real Key to this successful business is to believe in it and make it your own. The amazing thing is this product from It Works! is really taking off and is being featured in magazines, such as Home, and Success From Home. The It Works! products have also been featured in glamorous Hollywood in Celebrity Baskets back stage of the Red Carpet. They also have been used by such celebrities as Kim Cattrall and Cynthia Nixon from Sex in the City; Melanie Griffith, Paula Abdul, Seth Green, and Demi Moore. These products are life changing and worth every penny to take charge of your own life. The market for these products will always be the same. And there will always be standard products in the line to keep them on top of the competition. The awareness is necessary to ensure the stability and the growth of the business. To post to Facebook, to personal Facebook pages for your business, to use Twitter, and even to go out and Blitz a neighborhood is the way to spread the word. Wrap Parties are equally important as everything else, but of course the most important thing is to spread the word and keep spreading it.Operational Requirements The purpose of this statement is to outline the required costs of the business. It Works! Global is the Brick and mortar store that houses the corporate officers, the lab, as well as the customer service teams for the customers and distributors to speak with should there be a problem with their products, to advise how to proceed with a client, anything regarding the corporate website, and the monitoring of the Facebook pages that have been started to support the teams across the country. HeadquartersAs of 2011, It Works! Global is located in Bradenton, Florida. It is located with its sister company, Stoneybrook Golf Club of Bradenton. Headquarters is used for leadership meetings and customer service opportunities for the distributors as well as for the customers themselves. This cost of the building has already been expensed. The building needs to be able to warehouse merchandise in a climate controlled area, handle the installation of computers and assorted machines and equipment for packing. Takes care of the licensing of the product and the name.Monitors compliance of product and websites and the use of photos.Ships out the product to the customer and distributors. Monitors promotional material and sales of material as well.Must have a shipping number for USPS to send their products out to customers. Must obtain a shipping label printer and supply the tape to load in the machine to print shipping labels. The Board of DirectorsMark Pentecost - President & CEOMark is recognized as one of the top networkers in the USA and has a long track record of successful business ventures. Mark wanted products that would change people’s lives. Before Launching It Works!, Mark was a high school teacher and a basketball coach in a small town in Michigan. Pam Sowder – Director of MarketingPam has an extensive background in network marketing. Pam has help shape the business training system for It Works! that is used by distributors. Pam travels the country helping distributors build their businesses. Luis Mijares – Product Formulator & Skin Care ExpertLuis definitely has a passion for development and research in the skin care, nutritional, pharmaceutical, and biotechnology industries. As a child, Luis, learned natural remedies from his grandmother in Mexico. Distributors – these are the men and women across the world that is trying to help their customers improve their health and their lifestyles by offering these amazing products. Depending on the number of distributors and loyal customer that are signed up under any one distributor will determine the commission level that the distributor is paid at. There are no subcontractors as each distributor runs their own business. StaffThe only place that would have staff is the Headquarters and any customer service call center that may be in place. The CEO, the Director of Marketing, and Product Formulator & Skin Care Expert would also be considered staff. Outside of that each distributor runs their personal business. The business startup kit is $99. In this kit you will receive: 1 box of 4 Ultimate Body Applicators, and a Nifty lime green Portfolio folder containing: Blitz cards, a copy of Success from HOME magazine, a guide of steps to success, customer order forms, a wall poster to chart your goals and progress, note paper, product guide, distributor contracts, a copy of the corporate structure, and a copy of the pay structure. Each distributor also has the option to purchase rights to their own website to increase their sales for $20 per month. Each distributor will need to have access to a computer and the internet to access their website and the forums of Facebook. Each distributor must purchase at least $80 a month in product. This product can be used for parties to help progress your business or can be used for personal consumption. Each distributor can really make a difference in the business world if they have tried the products and can attest to a personal success story. Each distributor starts out at the same level. They continue to recruit Loyal Customers and distributors to grow their business. In order to move up to the next level you must have 2 loyal customers and 1 distributor signed up underneath you. Each distributor runs their business their own way. Completely up to each person to go out and meet people, to hold wrap parties, to media blitz via Facebook, or send email.Financial Requirements This financial section outlines the costs associated with the initial cost of this business as well as the monthly up keep and the potential opportunities. As It Works! is a company that allows you to grow your own individual business is becomes necessary to understand that the business is what you make of it and the sky is the limit for earning potential. The key is to have a solid plan to build off of. There are basic elements that need to be addressed at first and those that need to be constantly addressed as the business is running. The entire goal of this business is to make a profit. The It Works! business makes this very possible. In order to start your business there is a $99 startup fee. This covers your business kit as well as one application of the Ultimate Body Applicators. During each month that you are a distributor you must submit an $80 order of product to remain a distributor. This order can be product that you are allowed to sell individually, or allow customers, to try, or use for personal consumption. Also during each month you are a distributor you have the option of paying for a person website. The cost associated with this marketing tool is $20 per month. As a distributor, you call your own shots and you are allowed to build your business any way you see fit as long as you follow the rules provided by the corporate office. There are products available for purchase that will allow you to advertise your business or at least promote a reason for someone to ask questions. There are displays, Blitz cards for you to pass out, business cards, T-shirts, banners, and all kinds of other promotional items. Each month you need to advertise your business to ensure that you draw loyal customers and potential distributors to your business. As you build your business each month increasing the number of loyal customers and the number of distributors that you have the level at which you are paid commission changes. Also the company will run competitions or the distributor that you signed up under will run a contest to increase your earnings. Also if you sign up 2 distributors and 4 loyal customers in the first 30 days of your business you receive a $100 and $150 in product. As a distributor, when you talk to everyone you can about the product and you post like mad on Facebook, you absolutely have the potential to cover the costs you accrue each month by the commissions you qualify for. As each loyal customer adds to the commission you make, each distributor that you sign up helps you climb the ladder towards the top thus achieving a higher income earning potential. The business you build allows you the freedom in your life. To be allowed the extra money to pay off debt and to afford things that normally would not be available to you. The It Works! company really is improving people’s lives not only by the wonderfully amazing products they sell but the opportunity to make amazing money. Distributors around the world are becoming debt free and selling their homes to upgrade to new and improved ones, as well as paying for their secondary education and putting away money for their children’s education. I am fortunate to be on this wild journey and to be allowed the opportunity to take myself out of debt and to help people improve their quality of life with the products by It Works!. There is nothing about this business that is hard or over complicated. If you put just a few minutes into it each day or a few minutes each week and you talk to people about the products you can build it to the moon. I especially like to see the people that are my loyal customers who really do see a difference in their body and then it becomes a satisfaction reward and not just a financial one. Sometimes the rewards do your heart just as much good as it does for your wallet. Operations Requirements It Works! is an amazing company that finds time for each one of its teammates no matter where they might be in their journey. It Works! believes in their products 100% and stand behind them, so naturally they back up those individuals who chose to make it their career to help put their products in the hands of consumers across the world. After all that is the goal to put these amazing products into the hands of consumers that want a healthier lifestyle.The independent distributors for It Works! do not need specialized training or any kind of degree. They only need to have the drive and the desire to want to make their business all that it can be. The motivation can be very simple. In fact for most it is to get themselves out of debt. Helping people feel better for them becomes secondary to being debt free. To be Debt free is such a weight lifted off your shoulders. Think of all the things that one can actually do with your income when you are not paying bills with it. You stand at a cross roads being a distributor with It Works!: you either live your life to succeed and make it your mission to put these products in the hands of every one you meet and make your dreams come true or you find capable people to do exactly that and you still reap the benefits, or there is a third choice, use the products for your own consumption and improve your lifestyle. Either choice that you make you cannot go wrong. It Works! does not care about your back ground or what you currently do for a living. It Works! builds their teams with competent individuals who have a dream. Each distributor runs their own business and they run it the way they want by following just a few guidelines from the corporate office. You must purchase $80 a month of product in the first level of the business. As you build up your Loyal Customers and you sign up distributors under you that amount increases. You become part of this amazing family that is only here to support you to do great things and make you fulfill your dreams. You can receive this support over the phone, via corporate website, Facebook, Twitter, or you can attend a Boot Camp. Boot Camps are put on all across the country and help to keep the distributors fired up about the products and to kick off new products or contests It Works! is currently holding. During these Boot Camps, you can also attend seminars to learn how to Blitz, to learn how to approach people, how to run your business if you are just starting out or are in a rut, how to set up and run a display or a booth at an event, and even how to have a Wrap Party. There are also seminars about how to approach people to become a distributor. The best part is you are around hundreds of men and women that are doing the same thing as you and it really can help rev you up and get you excited to get out in the world and spread the word. The earning potential is unlimited and can be as big as you desire. You learn so much just getting to know people who really want you to succeed. You are your own boss. Once you sign up distributors under you, you play the same support role that the person who signed you up has and those above them do. In the corporate offices there are positions that require knowledge and attention to detail. In the corporate office there is a ration of different positions. There is a President & CEO: Mark Pentecost, Chief Networking Officer: Pam Sowder, and Product Formulator & Skin Care Expert: Luis Mijares. There are also customer service representatives to support the customer & distributor calls, there are also specialist that take care of the web support. The amount of these staff depends on the call volume and the amount of distributors that are active. There are also staff that monitor the websites, the sales merchandise, and of course those who plan these retreats or Boot Camps. These jobs all have responsibilities that coincide with their position. As the President and CEO you have to have the vision that started the whole company and help those around you each day fulfill their dreams. As the Chief Networking Officer you conduct trainings and speak at Boot Camps to help the distributors across the world reach their maximum potential. The Product Formulator has a very extensive background in skin care and the anatomy to understand the chemicals and how they will react with the body. The customer service representatives will need specific training in the products and the processes that they will be answering questions about. And the web support staff will have to have a background in computers and the programs that It Works! is running.ReferencesAgnetis, A., Detti, P., Meloni, C., & Pacciarelli, D. (2001). Set-up coordination between two stages of a supply chain. Annals of Operations Research, 107(1), 15-32. Retrieved from BIBLIOGRAPHY \l 1033 (2013, June 23). Retrieved from IT Works!: , K., & Mentzer, J. T. (2000). The effects of strategy type on the market orientation-performance relationship. Journal of Marketing, 64(4), 1-16. Retrieved from Plastic Surgery. (2013, June). Retrieved from , L. (2013, July 16). Triple Diamond Leader with It Works! Global. (J. Tenopir, Interviewer)Par Exsalonce. (2013, June). Retrieved from Scott, J. E., & Higgins, J. W. (2012). Upstream social marketing: Exploring the experiences of recreation professionals in delivering physical activity to low-income citizens. Social Marketing Quarterly, 18(2), 112. Retrieved from (2012, April ). SUCCESS from Home. ................
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