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The direct selling industry is a fast-paced and dynamic field, where new companies pop up every day while others are going out of business or shutting down their operations altogether.
Let’s look at the top direct selling trends that you should be on the lookout for in 2021. These are some new trends that companies should keep an eye on this year to make sure they're staying ahead of the competition.
Customer-Centric Recognition Program: The future of companies is the customer. A customer-centric company is one that understands and serves the needs of its customers. This program emphasizes the necessity of direct selling companies prioritizing customer sales experience by analyzing the customer-to-distributor ratio.
Female Entrepreneurship: Women's role in entrepreneurship has changed dramatically over the last few decades. The old idea that women can't be entrepreneurs is being turned on its head as female entrepreneurs are thriving across various industries. In the direct selling industry, 14% of CEOs, 16% of top earners, and 8% of founders are women.
Social Selling Programs: The Social Selling Programs have been the backbone of many successful B2B enterprises in recent years. This is because social media is no longer a niche market; nearly half of the world’s population uses it, and more than two-thirds use it every day. For these reasons, direct selling companies are investing heavily in their social selling programs to assist distributors with customer acquisition.
Network marketing is a successful business model that is built upon independent distributors and together with their effort, your business can reach the next levels. Many network marketing companies today are so focused on their products and services that they forget about the most important thing in their business: people. Without motivated, happy distributors, a company cannot succeed. Building a team in network marketing is difficult. There are so many different personalities and people that need to be managed. This is why investing in the process of building a team of distributors (https://www.epixelmlmsoftware.com/use-cases/team-building ) through group activities, one-on-one interactions, and training should be considered as an investment rather than an expense.
Every network marketing business is dependent on its team of distributors to stay connected with the rest of the team. Communicating seamlessly and staying engaged in productive conversations inside team channels helps an organization thrive. In a competitive environment, it's all about communication. And if you're not communicating well, then your competitors will surely outpace you. That's why it is important to have a seamless communication platform that enables team members to stay connected.
As the world becomes increasingly connected, many direct selling companies (https://en.wikipedia.org/wiki/List_of_multi-level_marketing_companies ) are turning to remote. But building a cohesive team when all of your distributors work remotely can be difficult without in-person meetings and training sessions. Fortunately, there are plenty of online tools that make it easy for you to stay engaged with your remote teams.
Productivity is a fundamental value in every network marketing (https://www.investopedia.com/terms/n/network-marketing.asp ) organization. To get the most out of your team, you need to invest time and effort into getting them productive as soon as possible. You can achieve this by using automation technology to take over routine tasks so that they have more time for their work which will also help them perform better.
AMEPOS is a cloud-based Point Of Sale software designed exclusively to serve Retails and restaurants. The idea behind creation of AMEPOS was to simplify the workflow by optimizing time spent in each department. More