Is Lularoe A Good Investment

What is Lularoe?

Lularoe is a woman’s clothing company that offers dresses, skirts, shirts, and leggings. The company was started in 2013 by De Anne Stidham, and it has since grown to be a multi-million dollar enterprise. Lularoe is a direct sales company, which means that its products are only sold through independent consultants. Lularoe’s clothing is manufactured in China and the U.S., and the company has a total of six warehouses across the country.

The Pros of Lularoe

Lularoe is a good investment for a number of reasons. For one, the company has a very strong social media presence. This means that there is a built-in customer base that is already interested in the products. Additionally, the company has a number of celebrity endorsements which help to increase brand awareness.

You can be your own boss

One of the main attractions ofLuLaRoe is that you can be your own boss. If you are looking to leave the 9-5 or just earn a little extra income on the side, LuLaRoe offers an opportunity to do so without a huge financial investment. You can also set your own hours and work around your family’s schedule. And, as your business grows, you have the potential to earn a lot of money.

Low start up cost

Lularoe has a low start up cost which is appealing to many people who want to start their own business. For a $5,000 initial investment, you can become a Lularoe consultant and have the opportunity to earn commissions and bonuses on sales. There is also no minimum inventory requirement, so you can start selling as soon as you receive your first shipment of product.

Work around your family

LuLaRoe allows you to socialize and work around your family instead of away from them. You can set your own hours and work as much or as little as you want. I’ve met moms who only sell a few hours a week to pay for their daughter’s dance lessons and others who bring in six-figure incomes. You really can make this business whatever you want it to be.

The Cons of Lularoe

Lularoe is a comfortable but overpriced clothing brand. The clothes are not worth the money you pay for them, and the company is not very transparent with their practices. Lularoe also has a negative environmental impact, as the clothes are made with synthetic materials that are not biodegradable. Overall, Lularoe is not a good investment.

You are responsible for your own taxes

As an Independent Fashion Consultant (IFC) for Lularoe, you are considered an independent contractor. This means you are responsible for your own taxes. You will not receive a W-2 from Lularoe at the end of the year. You will receive a 1099-MISC if you made over $600 with the company. According to the IRS, "The general rule is that an independent contractor is someone who performs services for another person or business and is not subject to control by that person or business."

You have to pay for your own shipping

Lularoe shipping is not free. You will have to pay for shipping for every order that you place. This can become very costly, especially if you are ordering a lot of items.
There is also a resale fee that you will have to pay if you want to sell your products through the Lularoe website. This fee is 10% of the total sale price, which can add up quickly if you are selling a lot of items.
Another downside to Lularoe is that they do not offer returns or exchanges on any of their products. This means that if you are not happy with an item, you will be stuck with it.

You are responsible for your own inventory

As anLLR consultant, you are responsible for purchasing inventory upfront. That’s a big financial risk, especially if you’re new to the business. And even if you’re not new to the business, there’s no guarantee that you’ll be able to sell all of the inventory that you purchase. If you can’t sell it, you’re stuck with it — and you’re out the money that you spent on it.

Is Lularoe a good investment?

Lularoe is a good investment because you can make a lot of money. You can also work from home and be your own boss. Lularoe is a good way to make money because you can sell leggings for a high price.

The pros outweigh the cons

Lularoe is a multi-level marketing company that sells comfortable and stylish clothing. The company has been around since 2012 and has experienced a great deal of growth in recent years.
There are several things to consider before making the decision to become a Lularoe consultant. For one, the initial investment can be quite costly. In order to start selling, you must purchase a starter kit from the company which can range in price from $5,000 to $9,000. With such a large investment, it’s important to be sure that you will be able to sell enough product to make a profit.
Another thing to keep in mind is that Lularoe does have a few competitors in the space, so you will need to be prepared to market your products effectively in order to stand out from the crowd.
Overall, the pros of becoming a Lularoe consultant seem to outweigh the cons. The company offers a great product with a wide appeal, and consultants who are willing to put in the work can be very successful. If you are considering becoming a consultant, be sure to do your research and talk with other consultants to get their input before making your final decision.

You can make a good profit

Many consultants start their businesses with the goal of making a profit. After all, most of us don't work for free!ishable product that will need to be constantly replenished, meaning that you can continue to make a profit for as long as you maintain your customer base.

It is a good way to be your own boss

Being your own boss has a lot of advantages. You can set your own hours, work from home, and make as much money as you want. With Lularoe, you can do all of those things and more.
Lularoe is a good investment for people who are looking for a way to be their own boss and make some extra money. The start-up cost is low, and there is no inventory to keep track of. You can also earn a commission on every sale you make, so the earning potential is high.
The only downside to Lularoe is that it is a pyramid scheme. This means that you will only make money if you can recruit other people to sell Lularoe products. If you're not good at sales or recruiting, this may not be the business for you.