Stella & Dot is an Inc. 500 company based on social selling of boutique style jewelry and accessories.
They’ve blown up over the last few years, and they continue to grow.
Am I still with them?
I got nothing but love for S&D, and they’re a solid company if you’re set on MLM, but I’ve since changed my ways.
This video explains everything. Enter Brad:
Watched the video all the way? Good.
Dan and Brad schedule 45 minutes for each call, so only schedule if you’re serious:
Stella & Dot started back in 2003. Jessica Herrin is the founder and CEO of the company. Jessica is also the co-founder of WeddingChannel.com. The company is based in San Francisco, California. Stylist-run trunk shows provided the first years sales to $550,000.
It wasn’t until 2008 that the company became well known throughout the style and fashion industry, thus making a bigger name for itself. The sales increased to over $3.8 million bringing the company a lot of success. Stella & Dot is considered to be one of Inc. 500’s fastest growing company’s today, selling jewelry, accessories and hand bags as well. The company strives to help women thrive as work-from-home entrepreneurs.
Stella & Dot established the Stella & Dot Foundation in 2010 in order to inspire people to bring positive changes into the lives of woman and their families. The company also supports a year-round global charity partner called Every Mother Counts. Stella & Dot also make donations to Breast Cancer Awareness, Autism Awareness and aids in supporting military families through the Buy One, Gift One program. Currently the company has donated over $2 million to help support worldwide causes.
The company specializes in creating unique jewelry, accessories, clothing, and handbags for women. You can find everything from simple to stylish. There are so many products on the list that there is just too many to go into detail.
All of the items for sale are unique in one way or another. Not only are there many items but there are also many styles and designs as well. There is an under $50 and under $100 selection, a flat rate shipping fee cost, as well as free returns. You can purchase items from the Shop For A Cause section, when you make a purchase Stella & Dot donates all net proceeds from eligible customer purchases.
You can become a Stella & Dot stylist by purchasing one of the 3 starter kits or the Trunk Show Essentials Kit. Kit 1 is priced at $199, Kit 2 is priced at $499, Kit 3 is $699 and the Trunk Show Kit is also $499. Along with the kits you receive 50% off of your first 30 days, your own personal website that serves as your online boutique, an easy to use app and online business hub, chic invitation templates and digital marketing materials along with training and coaching from other stylists in the community.
Not only can you generate an income but you can also receive free products. As a stylist you will get a 25%-35% commission of sales, you can shop with a discount of up to 50% plus free products. You are your own boss so you choose when you work, there are no minimum requirements to how little or how often you work. There is a strong community that will be there to guide you and provide support.
How much money you can make is up to you. The chart on the website states that stylists have the opportunity to earn certain amounts of income:
- 3-5 hours a week has the potential of providing an average monthly income of $160-$400.
- 6-12 hours a week can provide $900-$2,800 a month.
- 15-25+ hours a week can possibly provide a monthly income of $4,500-$90,000.
It all depends on how invested you are in the business and how much time you put into sales. There are two different ways to earn:
- Personal sales – the perks are 25-30% commission, 50% off of your sample items, no quotas to fill or credit card processing fees, as well as, easy returns.
- Build a sales team – you can build your team up to any size as there is no limit to the number of team members one has. You receive coaching commissions on your team sales starting with the first person you sponsor and earn up to 18% commission on the overall team sales.
You choose the method in which you would like to work! You can host In-Person Trunk Shows where you style your guests and sell your jewelry and accessories. This option is said to generate the most income. Online Trunk Shows provide a little more freedom. You can receive the same benefits and perks as the In-Person shows, but it is all done online. If you are too busy another team member can share the post you create and you will both earn money. There is the option of doing One-on-One Personal Styling which allows you to provide special attention to your clients, which, will possibly build up you personal preferred customers list. It all depends on how you want to do it. If your team members live in the same area you could also have team shows with each of you having the chance to earn some money and rewards.
Stella & Dot are a Better Business Bureau accredited company with an A- rating. The company is well known and the products are desired by many. The pricing makes the items affordable so the chances of making a sale are good. The opportunity to work how you choose, when you choose is just another added perk within the company.
The commission rates are fairly high and the chances to earn free items will result in pure profit or a future gift to someone else. The fact that Stella & Dot contribute to charitable organizations gives stylists a sense of purpose when they host Trunk Shows. The company has been operating for over a decade, which ultimately paves a strong foundation. Whether you choose to work alone or build a team there is opportunity to generate an income without the need for any outside work. You get what you put into the company.
The freedom that comes with being your own boss in the company has it’s advantages and knowing that you have a good support system if need be provides a sense of security. Having a team will essentially provide more opportunity to generate higher income.
While it’s possible to make money with S&D, there are better ways to make money and feel good about what you’re doing. Nothing against the company, but the MLM industry as a whole has flaws leaving the top dogs with all the profits and the rest of the 99% to clean up the scraps.
Check this out. This will help wreck your money-chasing habits.