CandleLyte Meeting Notes

The Hobby Way to Wealth
Chris Perry

What are you looking for?

Who has a job? Just Over Broke

Home based business that will transform to a six billion dollar industry in five years
Revolutionary product that will disrupt an existing industry, create a new business opportunity where none has existed before.

A hobby approach to wealth creation

All natural NV Soy Wax

Market Size
Last year over 14m kg of candles were imported into Australia
With around 8m homes each home spends an average $30 pa
Equates to $240m pa
This does not take into account the host of local manufacturers

How are people selling?
Fundraising
Wholesale/Retail
Friends/Family
Shows and fairs and markets
Home Parties
Internet

Far superior candle
The most significant breakthrough in the candle industry in 100 years
Soy wax candles are made of natural compounds that release no toxins when burned
Cooler burning
Better Scent Throw
Burns 25% to 45% longer

Direct sales is growing

Cottage based industry

Average national retail price $14.95

“I would rather earn 1% of 100 people than 100% of my own efforts”

RESIDUAL INCOME
A one time season of effort that produces lifetime stream of income

Sponsor other candle makers
Build a team of candle makers

9 ways to earn income

CandleMasters have 3 business Centres
Fast start bonus $50 every time they sponsor a maker
Fast start bonus $125 every time they sponsor a master

Team based commission
10% CV bonus on your weaker leg
2000 CV = $200 Paid monthly

1st generation 75% and 2nd generation 25%
To qualify for 1st generation need 2 makers/masters
To qualify 2nd generation need 6 makers/masters

To get leadership bonus need 8 makers/masters
Up to 4% of strongest leg

Masters
Can sponsor other candle makers and masters
Qualify for all bonuses
Special pioneer gold pin
Lower qualification levels during pre launch phase

Beauty Habit

Chris Perry called me yesterday morning to tell me about how much candles can sell for! He came across an ad that went to http://www.beautyhabit.com/candles.html. Have a look at the candle pricing!

Tarts do well at markets

Last night I went to the business plan presentation at Rhodes (Sydney head office) where only a small number of people turned up. However I was chatting to the other folk there where one group was making soy tarts and doing really well with them. They tell me that they sell very well. They have been at Glebe markets two weeks in a row now and are very happy with their retail sales.
The tarts they do in some sort of shallow rounded based baking tin and use the usual candle recipe.
They also mentioned that people love the passionfruit fragrance (a new one from CandleLyte).

But last night was all about the presentation on how to build the residual income side of things of the business. (And explaining the compensation plan which has always been a problem of mine!) I have taken notes on my laptop and once I make sense of it will post it to this blog.

Hopefully I'll make it to the Thursday meeting where more about how to build the residual income side of things will be discussed.