Dhanesh Haridas, Chief technical officer at Epixel MLM Software is a passionate and enthusiastic business person with 10+ years of experience in Software field.
CTO at Epixel MLM Software
3651 Lindell Rd., Suite D1050, Las Vegas, Nevada 89103
Network marketing is a booming industry where the products are distributed through independent distributors where they can earn a handsome income. These distributors can earn a handsome income through these marketing model. The distributors can earn a commission for the sales they made as well as for the sales their downlines make. So the network marketing entrepreneur should assure that they have a proper commission system to pay these distributors. But as the network of distributors gets expanded, it would be difficult for the direct selling entrepreneur to calculate commissions manually. An effective commission management strategy (https://www.epixelmlmsoftware.com/use-cases/commission-management ) with effective plans will help direct selling organizations to pay accurate and timely compensation thus by enhancing their business growth.
A compensation plan is an important part of the direct selling business. Most of the top MLM leaders in the network marketing industry assured that choosing the right set of compensation plans leads to their success. Network marketing entrepreneurs should keep one thing in mind that the plan they are choosing must be profitable for both distributors as well as for the company also. Through constantly analyzing your commission and detecting any faults, direct selling companies can rebuild or redesign their current compensation plan.
Commission calculations are a complex process in direct selling (https://www.entrepreneur.com/article/337579 ) and, if not handled correctly, can lead to errors. By ensuring accuracy with a scalable commission engine that is able to calculate commissions in real-time regardless of the number of distributors involved, it becomes easier for network marketing entrepreneurs to ensure accurate compensation. With an easily customizable platform that allows you the flexibility to redesign your compensation structure at any time, this system ensures that no matter what happens or how big your direct selling company (https://en.wikipedia.org/wiki/List_of_multi-level_marketing_companies ) grows.
Direct selling is a booming industry opened with a lot of opportunities. Distributors are key to the success of any direct selling organization. They help market your products, sell them, and recruit new distributors who can do the same. It’s important that network marketing entrepreneurs have a strong onboarding process (https://www.epixelmlmsoftware.com/use-cases/distributor-onboarding ) in place to engage these people with productivity-boosting tasks, starting day one.
Without personalized onboarding, distributors may never get the opportunity to learn about their strengths and weaknesses....
Direct selling is a large industry with millions working across the world. Multi-level marketing thrives on direct selling and recruiting others into the business opportunity. It operates by having distributors sell its products or services. Keeping the distributors anchored with the business is a really important task. They should feel on board with the business plan and be compensated fairly for their efforts. Compensation plans signify the nature of an MLM business. MLM compensation...
In recent years, the health and wellness industry has experienced growth. This is due to the increased number of people in need of healthy living products. The direct sales sector would continue to grow surpassing higher numbers in revenue. Direct sales companies provide several health and wellness products(https://www.epixelmlmsoftware.com/blog/wellness-growth-with-direct-sales ) to their customers. Consumers are exposed to a wide range of health and wellness products from vitamins to fitness equipment as well as clothing...
For any direct selling business, it is crucial to know in what all directions are your company moving; Is it positive? Is it productive? Most importantly, is it growing? As every active distributor is important to the business, it is important to know how well they are doing, and if there is any room for improvement. Marketing automation (https://www.epixelmlmsoftware.com/use-cases/marketing-automation ) that deals primarily with the tracking and generation of marketing performance are the key in this context. Tracking how each...
Social Selling is the practice of using social media to generate leads and influence potential customers in direct selling. Direct selling entrepreneurs are increasingly turning to social media platforms for lead generation because it has been shown that modern customers are digitally driven and socially connected (https://www.epixelmlmsoftware.com/use-cases/social-selling )
There are a number of social media channels out there, but which ones should a network marketing organization be using to generate leads? Every direct selling company is looking for new customers...
Direct selling brands are becoming more and more popular across the world. With a rise in technology, these direct selling companies have taken on new forms to cater to their ever-changing customer base. Direct selling is an excellent way to make an income, with many people joining these companies because they are looking for more flexibility in their lives. Research has been conducted and found the top direct selling brands and the countries where they are most popular. Let’s discuss...
