mommyof1 Posted December 9, 2005 Share Posted December 9, 2005 For those of you who do home parties, what is considered a good "profit percentage"? Meaning, once you subtract your cost of making the products, the hostess credit, the freebies, etc, etc, what percentage of that party's income is actual profit? I started doing parties in October and my profit per party is usually around 50% and I was wondering if that was to be expected given the nature of home parties or if I should be doing better than that. The parties have been going great (a total of 7 so far, all $400+ shows except for one $200 book show, with 5 more home and 4 more book shows between now and Feb!!!) I'm just wondering if I should be aiming for a higher profit percentage? Quote Link to comment Share on other sites More sharing options...
mommyof1 Posted December 10, 2005 Author Share Posted December 10, 2005 Anybody? Please... lol. I'm just needing a general idea of whether or not I need to trim my cost (I try to be very generous) or if that is about right. I hope that makes sense. Quote Link to comment Share on other sites More sharing options...
LauraInNY Posted December 10, 2005 Share Posted December 10, 2005 How much hostess credit do you give and how much free stuff do you give out? I know a candle home party plan that gives 25% hostess credit (sometimes ups it to 30%) and then whatever specials you offer and freebies are subtracted. Also cost to mail invitations, etc. Quote Link to comment Share on other sites More sharing options...
mommyof1 Posted December 10, 2005 Author Share Posted December 10, 2005 I give 15% hostess credit plus a $10 gift certificate for each booked party that is good at the booked party. I also do a hostess tic tac toe that they win something for each tic tac toe accomplished and if they complete the whole board then they get an additional $25 in hostess credit. The tic-tac-toe prizes are accumulative. If it is a home party I also give the hostess a "thank you" gift valued at $15 (my cost less than $5) just for having the party. I make up a basket of gifts (my cost $1 each or less and all my products). The winners of the games pick their prizes from the basket. Any guest that brings a visitor picks a prize from the basket as does the visitor, etc. At the end of the night anyone that has not won/received a prize gets to pick one. My total "non-hostess" freebies usually cost me about $10. And I do calculate the cost of the invitations and anything else related to the party. After subtracting all my costs I am coming up with about 50% profit per party. Just wondering if that is high, low, about right, etc, lol.How much hostess credit do you give and how much free stuff do you give out? I know a candle home party plan that gives 25% hostess credit (sometimes ups it to 30%) and then whatever specials you offer and freebies are subtracted. Also cost to mail invitations, etc. Quote Link to comment Share on other sites More sharing options...
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