Mary Kay Inc. reports an increasing number of young women starting their own Mary Kay businesses. Women ages 18-34 accounted for 47 percent of new consultants in 2015, according to statistics released by the cosmetics company.
“These young women are tech-savvy and digitally connected. They’re looking for flexibility and not a 9 to 5, one-size-fits-all position,” Mary Kay’s Vice President of U.S. Marketing, Sara Friedman, said in a statement.
“A Mary Kay business can be customized to each person’s individual goals, and our company’s established social media presence and leading-edge digital technology have also proven to be attractive business-building tools.”
Friedman’s sentiments echo the findings of Amway’s 2015 Global Entrepreneurship Report, an in-depth look at the state of entrepreneurship around the world.
Conducted in 44 countries, the survey found that starting a business is most appealing to those under 35 (65 percent), with independence and self-fulfillment being the top motivators. In the 35-49 demographic, 58 percent expressed the desire to start a business, followed by 44 percent of respondents over 50.
All told, more than 325,000 people signed up last year to sell Mary Kay’s skincare and cosmetics lines. The Addison, Texas-based company reports that new consultant sign-ups have exceeded 300,000 for 15 consecutive years.
As Mary Kay’s salesforce skews younger, it also grows more diverse. In 2015, 51 percent of new consultants identified as Latino, Asian or African American—groups that now make up 33 percent of Mary Kay’s total salesforce. Drilling down, the company found that Latinos accounted for 35 percent of last year’s recruits and 22 percent of the wider salesforce.
Article Source: https://www.businessforhome.org/2016/01/mary-kay-attracts-increasingly-young-diverse-consultants-in-2015/
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