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In Business Since: 1980
Comments: Doris Christopher started Pampered Chef. Today Pampered Chef is a multimillion dollar corporation that spans the U.S., Canada, Germany and the United Kingdom and even involved Warren Buffet, the world famous multi-billionaire. Today Pampered Chef is owned by Berkshire Hathaway. Sold to Berkshire in 2002 due to the inability of Pampered Chef to be able to handle the changing standards in the industry.
The Pampered Chef compensation plan is unlike most other multi-level marketing company compensation plans that you will find. To make money with the Pampered Chef compensation plan, you will have to do home parties at the hostess’s house. So you better enjoy toting all the tools around, cooking and talking.
During the show, you are explaining the versatility of the products that Pampered Chef sells and the convenience of their recipes. The "chef" prepares a few of the recipes that the hostess picks out as a demonstration of the tool and the recipes. While the guests then nibble on the food, the “chef” collects orders, books parties and answers questions.
Advantages: Pampered Chef is a good retail business. If you are looking for a way to build a business under you and make more money as you advance within the company, Pampered Chef is not the place for you.
Disadvantages: Strictly a sales opportunity (job) without the ability to operate as a Personal Franchise. As soon as you stop selling, the income stops.
Entities:
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Transferable
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Saleable
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Willable
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Structure as Corporation Entity
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No
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No
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No
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No
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Financial Strength: Very Strong – backed by Berkshire Hathaway
Management: Very Strong
Online Training & Support: Excellent
Field Training & Support: Excellent
Motivational Support: Unknown
Products/Services: Premier kitchen tools. Their consultants have been helping families prepare quick, delicious meals since 1980.
They believe that multipurpose tools are the cornerstone of an efficient kitchen, and they are committed to developing timesaving tools, tips and recipes that enhance shared mealtime and suit busy lifestyles. Their products are designed to be used in more than one way, so kitchens are no longer cluttered.
Compensation Plan: You are paid a percentage of the Pampered Chef sales that are created at each party. You are also paid a percentage of what the people you are able to recruit into the business sell. The difference here is that the higher you move up in the company, the less money you make off the people you have placed under you. So really the best way to make the most money is to sell, sell, sell!
Health Insurance Plan Available: Unsure
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