Retention Rates
Retention rates: one of the best keep secrets in the Direct Selling Industry…
We define Retention as the number of distributor & customer Renewals or/ and Autoships per 1,000 distributors in 1 year.
If you have a downline of 1,000 people, a retention rate of 15 % would indicate that 150 people are active distributors include preferred customers and distributors purchasing products directly from the company. An average retention rate would be around 15 – 20 %. In startup companies the retention rate will be higher.
Herbalife is reporting in the annual report 2010 a total of 2 million distributors. 324,000 are active distributors so a retention rate of 16%.
It is a great indicator of a residual income and the product marketing mix. The higher your retention rate the stronger your business is.
The guys in the corporate Direct Seling World do not like to share the retention rate. Why? A low retention rate is not very motivating. However we at Business For Home.org believe you need this facts and figures to improve your retention rates. It can be improved…. with training, communication, leadership, recognition and enrollments. You can create a huge boost in your income with only a modest increase in your Direct Selling retention.
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The key to building solid depth is to be completely honest with not only your personally sponsored downline, but your entire organization. Do you know where this must start? You have to be honest with yourself. Make a strong internal commitment first. This is absolutely the most difficult thing you will ever have to do. This commitment is not a “one time” thing either. Your choices and habits dictate your level of success and growth. Your ability to translate top-priorities, as well as the little things that you do to achieve…will help to build a strong foundation for success.
Next, you have to have a step-by-step system. Put it into writing. Keep track of what is working. Share what is working. To learn more about how I have helped to place 4080 people as of today into my Xowii business, please email: xowiiventura@gmail.com Yours in Success!
Guys you got ‘retention’ wrong.
You have the same ‘false’ numbers used by all companies to cover up an excessive failure rate in the business opportunity element of their business. The same failure rate that has given this business a bad name everywhere in the world.
There are three types of people involved in our business: Customers, Retailers and Networkers. Retention relates to each type. You cannot and should not wash them together.
If you have 1000 people join for your business opportunity and after 12 months, 99% are no longer doing the activity to build a business, then retention is 1%. Its as simple as that.
If 70% of those people are still ordering product then your ‘customer retention’ is 70% [and your failure rate of your business opportunity is 99%].
Tommy-Feel free to contact Nuriche yourself and ask about the retention rate-it’s the basis of our entire company. You’ll be surprised at what you learn.
Contact CEO David Parker at dparker@nuriche.com
30 years in MLM and seeing a low retention, Now with The Enagic Program its residual based on retail sales no auto-ship The Best I Have Seen in 30 Years. Enagic will a force in the Industry
Retention rates are extremely important when choosing your home based business.
Global Wealth Trade, a prestigious, Canadian Fashion Design House with 3 designer
lines stands out in our profession as their retention rate is 81%.
If you’d like to know more about this most amazing company that has absolutely
NO competition, is global, and is the only company that offers up to 70% payout
with a FREE flowing compensation plan.
Want to know more about this company that has an 81% retention rate,
compared to the industry average of 15%, please contact Marion Mehrer
at mmehrer@gmail.com or http://facebook.com/marionmehrer.
Putting all variables in perspective and there are many. Re in retention means to return, comeback, evolve and grow, like a plant in fertile soil(The Company and services. ) with cultivation and the right Bee (CEO) to pollenate your thoughts to beliefs in yourself, and the worth of your fellow Hu-man Being PEOPLE, Hu-meaning earth, soil. wet clay that can be Impress upon in the hands of the right (potter )Leadership. ( Man means Mind. ) the right Words make the right impressions. the wrong words make the wrong impressions To have a high Retention rate the CEO must not be afraid to express right thinking when speaking, Right thoughts and the mindset of the company must be out front Bottom Line.
You hear a lot of people using the words Value and Content well what are they saying, can this be something deep within each of us and it varies with the Individual 1+100 like Character, Integrity, Moral Conscious, Right vs wrong and making the effort and choosing Right.
It’s about the company giving the right information that means leadership every ship must have a Captain, (CEO) is in the map room where the course, is set Retention is about going around the storm. thats if you have a session one who can see in the wind a storm
if your Captain is at the helm in calm waters and you find some people listening to what their close friends and close family members want, ,daydreaming who are not on the Ship. creating a storm in your mind it’s not the captains fault if you listen to them and you get washed overboard.
I Keep saying CEO this is because that’s how I’ve been guided on this journey I’ve seen some good ones but Mr.Jay Noland Ooowe,
The key to having a good retention rate lies in the inherent demand for your product and it’s cost effectiveness.
If you’re marketing Lotions, Potions and Pills that cost $30-$50 a unit and the average consumer is feeling such a pinch from the economy that they’re struggling to pay the mortgage or rent then your retention rate is going to suffer… it’s that simple!
But if you have a product that puts money back into the pocket of the end consumer then the worst the economy gets the better your product sells and your retention rate will soar!
Syntek Global’s flagship product is patented, costs $4 per use but saves the average consumer $10-$20 per use and has already been successfully marketed worldwide for 20 years.
http://www.SyntekHomeBusiness.com
Well retention is key in a network marketing company but for you to be successful it’s really about you teaches you the business if your not trained properly it doesn’t matter what company your in …this company One24 seems to have the highest I’ve seen…
Retention rates are serious benchmarks in Network marketing. It tells how strong a foundation and how much of a future is in store for the company. SYNTEK GLOBAL with a 80% retention rate is a pioneer in marketing a unique fuel additive through MLM which provides real earnings from start even if a distributor never enrolls another person in his organisation. Just by using the product they earn 250% to 400%. It is the simplest business plan that I’ve seen and so helpful in the back office that persons experienced in MLM’s are blown away by the simplicity, the ease of use and the nature of this unique product for both Gasoline and Diesel. Never heard of anything like this before. Currently only available in the USA, Canada, Australia, New Zealand, UK, Italy ,Jamaica & Ghana. What with turmoil in Middle East and oil prices sky rocketing this product is so timely because once you start using it you don’t stop, everyone want’s to save on Gas and Groceries. The day you stop using this product, you realize how much money is wasted by not using. This has been my experience and those I’ve shared it with. Never been a simpler product that make so much sense. No Hype, just simple chemistry and bare facts. The icing on the cake is, real money is earned from the #1 industry in the world which happens to be a simple necessity, GAS!. I now better understand the 80% retention rate!