Your Questions Answered!

1. There must be some costs involved in becoming a Herbalife distributor?

 

Like any business, there are always start up costs.  Everybody who starts with Herbalife buys an International Business Pack (IBP) that costs £89.99 delivered to you by courier.  The pack includes over £60 worth of Herbalife products for you to try, your distributor license, a comprehensive career/training manual and various other literature for you to use to promote your business. 

 

2. Are there any other materials that need to be purchased to operate the business successfully?

 

There are things like product brochures you may like to purchase from Herbalife, but these are very cost effective and highly professional.

 

3. Is there commission to be paid to anyone, if so at what rate?

 

No, the money you make on your retail sales is yours and yours alone. You make a profit on your own sales which starts at 25% and can be grown to 50% (Depending on sales volume) We will show you how to do this.

 

4. How does the mentor/coach situation work?

 

If you decided to join our team, we would be responsible for guiding you as your business gets started. We do not though build your business for you! We will guide and show you what we are doing to build a successful business, you just need to be teachable and be willing to put into practice what we show you!

 

5. Are there any costs associated with the mentor/coach?

 

No, we don't charge for this!!

 

6. How are sold products passed from distributor to client?

 

You can either hold stock in your own home, so you can sell direct to people who are local to you, or have Herbalife send them to your more remote clients.

 

7. How does the client pay for the products?

 

Cash, cheque or credit card.

 

8. Do you need to set up a separate business bank account?

 

We recommend that you open a new business bank account with a high street bank. This enables you to keep your Herbalife income separate from any other income you may have, and makes accounting easier at the end of the year.

 

9. Do Herbalife set up any Internet accounts for you?

 

No, but we are happy to advise our team members on how to set up their own websites.

 

10. Is selling the products done over the phone or Internet or by other ways?

 

We make sales mainly over the phone, using a simple script initially until you become more confident. We also make sales face to face by doing product demos for our clients. We have about 26 ways that we use to find customers. You just pick the ones that suit you.

 

11. What is a realistic monthly wage based on 2 hours per day, 5 days per week, from these products and how are you paid by Herbalife?

 

There is no wage, as you are classed as a sole trader and Independent Herbalife Distributor. The amount of money you earn is directly related to the amount of sales you make. There are two methods of making an income with Herbalife.  Method one is retail profit from sales, the same as if you were running a shop.  Method two is by what Herbalife call a Royalty payment. This Royalty payment is initially 5%, and is based upon the turnover of the team of people you introduce to the company. This royalty comes directly form Herbalife and is not paid to you by your team members. We will explain this in more detail when we speak.

 

12. If I do start as a distributor and as I am only on my own and do not intend to have anyone else on board, when you start your business, does it need to be a Limited Company?

 

Initially, we recommend you stay as a Sole Trader. As your income grows our accounting people will advise on when/if to go limited.

 

13. Can I choose my own business name?

Yes, we trade as Elliot Associates for our banking details, but have New Start as our recruitment company and New Shape as our retail company names.

 

14. Does the business need to register for VAT?

 

Initially no, as your turnover will not reach the VAT threshold. In time as your income grows you will need to register for VAT.

 

15. Do you or is it Herbalife who register my company with Inland Revenue?

 

You register your own company with the revenue. We will advise you on how to do this. (This does not need to be done immediately, but within 3 months of getting started)

 

16. Do you or is it Herbalife who do the accountancy part of my business for the Inland Revenue?

 

You are responsible for your own accounts, but we use DSL accounting (as do most of the UK Herbalife distributors). Robert Sherwood runs DSL, and we have been very pleased with his services since we started Herbalife 10 years ago.

 

17. Can you advise how long you have been a distributor?

 

We have been Herbalife distributors since October 2000.

 

To conclude, the level of income you achieve with Herbalife is directly related to the amount of time and effort you want to put into your own Herbalife business.

 

We are in a people based industry, where our sales are driven by an emotional response from people getting great results with our products. Our clients feel great on our products, and therefore refer others to us so building a referral-based business.

 

Yes, initially you need to get your name out there by the various methods we will show you, or nobody will know about your new business, but we now look after the majority of our clients by telephone.

 

The real power of the Herbalife business model though comes from building a team of distributors of your own and we will help you to do this. As we said before, you are paid a Royalty bonus based upon your team’s turnover. This is a win/win situation if you think about it. Your distributors are making sales, hence they have turnover and are making their own profit on the products they sell. You then get a royalty, based upon that turnover, for finding them and helping them get their business under way.

 

You now have 3 options!

 

1. Dismiss all of the above as just another Internet scam and close your browser!

 

2. Get started with us. Just call us and we will be happy to answer any further questions you have. If you then want to get your IBP we can arrange that as well.

 

3. Attend a training and information day! We have several training days around the UK that you can attend to find out more about Herbalife. The day starts with registration at 9.30, with the training kicking off at 10.00. It normally finishes at around 5.00pm. At the training day, we explain the company background, the management, doctors and scientists who work for Herbalife and the companies’ future goals. We also show you the entire product range and explain what the products do and how your clients use them. We show you how to find clients and to look after them, and also if you wish how to go on and build a team of distributors of your own.

 

Please let us know if you would like to go along so we can organise your ticket.

 

Whatever you decide, good luck for the future!