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You could look at organizations such as NAWBO or other women’s organizations to see if they offer scholarships or such. The investment for LLR is typically too low of a dollar amount to get a traditional business loan as you need roughly $10k, most loans start at $25k. Partnerships in any business are hard – read my Catholic Charities post for more on this: One thing I will say right off the bat, if you do a partnership, please make sure you have a Buy/Sell Agreement in place BEFORE you start. If there is anything to ever make me switch over to an iPhone it will be LuLaRoe. I was out buying coffee and creamer (please for the love of my sanity, someone send me more – lots more!). Just this past week, another 375,000 leggings hit our sales portal. They sold out in under 5 minutes!!! I kid you not. Two weeks ago, 400,000 leggings were up for us to purchase. I’m constantly asked if LLR is oversaturated and is it a fad? Let’s take these TC Leggings as an example – LuLaRoe has no way near hit the oversaturated mark or there wouldn’t be such a demand for those crazy, addictive leggings. Trying to get your hands on a new pair is next to impossible. Tall & Curvy Leggings have been out of inventory for most of late summer into early fall in 2016. Finding what you are looking for is like hunting for your Unicorn. That’s 5,000 pieces over a six styles and then across all the sizes. That is what makes the company so unique and fresh – only 5,000 (it used to be 2,500) pieces are made out of each fabric. You can’t choose the print, only the size and style.
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With LuLaRoe, you have to order 30 pieces at a time. I’ve reordered twice in my first month and I still don’t have enough of what everyone is shopping for. The sweet spot for this business is to have 700-800 pieces. 400 Pieces! To me that was a lot! Most consultants have inventories that are typically around 800-2000 pieces. You see, that is about 400 pieces of clothes. I started with about $7,000 in inventory, which I quickly found out, most people think is a really small inventory. Investing in LuLaRoe starts at about $5k, depending on when you Onboard. This business definitely operates on the tenet that you have to have money to make money. I’m not sure why I didn’t catch that early on, but most of the consultants just gloss right over that little fact. Or their true Net Sales and not just Gross Sales. You know what 99% of them don’t talk about? Their expenses. When I first started researching LuLaRoe, I watched all the videos about how much money you could make. I am not one to shy away about talking about money. In each of my businesses I have had a 100% transparency policy when it came to financials with my staff. I’ve been an entrepreneur and small business owner for 22 years. Oh, good – you’re back! Let me take a second to set up what I am going to share with you today. What a First Week Truly Looks Like With LuLaRoe I Call Shenanigans. Video: I Have a Big Announcement to Make and the Aftermath
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To Roe or Not To Roe That is the Question. Where should I start in this recap? If you haven’t read these three posts as to my journey so far, I would start here as it gives more of the back story. You can’t see me or hear me on this side of the keyboard, but I am taking a deep breathe and letting it all out right now. You can join my group where I am happy to talk about it: Lularoe Shenanigans Published: Update: As of January 2018 I am still with Lularoe but have chosen not to write updates about this rollercoaster ride on my site.