Should you juggle multiple companies?

It has been about a year since being in the Direct Sales world. I have seen a lot and learned a lot. I’ve met a lot of friends in the DS world that are involved with different companies. Some committed to one and others juggling more than one.

The question is: Is it wise to juggle more than one company at a time?

Well, it depends……

What it takes: Once you sign up with a direct sales company, you have to put in a lot of time and also money into it. Yes, you have to invest in your business! After signing up and purchasing your kit (if applicable), you will need business cards, maybe buy a couple of samples or products to make samples out of. You might want to purchase a domain name. You will definitely want to advertise whether it be through social media or in person; people need to know you are in business. When you juggle more than one company, how will you split your time?

Don’t forget: In every business, especially in Direct Sales, you will eventually have a down line. Once you do, guess what? You are now a leader and must make time for your down line. In each company, you will eventually have a down line along with conference calls (and boy I have had conference calls and webinars that overlap).

Uh-Oh: How many of your companies have quotas to meet? Will you be able to fulfill those requirements? I have to be honest here, when you’re first starting out, unless you’re a super seller right off the back, it’s not easy meeting those quotas. You will need to go out of pocket to stay active until you can build a team as well as customers.

In my opinion: It is counter productive to be involved in multiple companies simultaneously. Don’t get me wrong, when I first began in the DS world, so many opportunities looked enticing to me. I went from one company to another, most of them free sign ups. My intention was not to promote all of them but to find a home. I figured, what do I have to lose, it’s a free sign up or it’s only $10 or $20 to be a rep. I spent some time to get to know the products, the company, prices, ethics, etc…. I must of went through 8, maybe 9 companies until I finally found my home. That one company that truly fits who I am and what I stand for.

Multiple Income Streams: You’ve heard the saying “don’t put all your eggs in one basket”. How true is that? Yes, it’s good to have more than one way to get paid. What if your company shuts down? (I’ve seen it happen). Expand your portfolio, after all even the stars know it. Don’t J-Lo have multiple income streams? Singing, acting, perfume line, clothing line, production company, etc…

In summary, know what you’re capable of. Take into consideration all of the above. Know how you will balance you life (work, kids, social, etc) with your business (es). If you’re just starting out and new to the DS world, don’t rush into more than one business at a time.  Start with one, climb the ladder and then build from there. It can be done but depending on your capability not suggested.

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