REAL WORLD EXAMPLE
You deposited $500 at the bank today. Here’s what the Envelope Wizard does for you:
- It first calculates how much of the gross deposit is actually sales tax, subtracts it from the total deposit, and saves it for your next inventory purchase.
- Then it divides up the remainder (after tax is set aside) and automatically puts 40% in your Profit Envelope, 50% in your Inventory Envelope, and 10% to Sales Aids.
- Your Envelopes will now reflect their own individual balances. These balances will help you know how much you have reserved for spending or saved to invest back into inventory.
- If you were to add up the balances of all your envelopes they will equal your checkbook balance.
Sell Product + Ascend = Guiltless Shopping
Most Consultants select a standard spending plan taught in Mary Kay Career Essentials™ which recommends that you first set aside Sales Tax from your bank deposits.
- Reserve 50% for your next inventory purchase
- 5% for your customer mailings and premiums
- 5% Sales Aids
- The remaining 40% is Business Income/Profit
If you would like to add additional envelopes, go right ahead. Many Consultants like 20% of their earnings to be set aside for business loan payments. Some save for Seminar all year round. It’s up to you!
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SEE ALSO