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
A sustainable direct selling business model is a goal for many direct selling entrepreneurs. However, the process of achieving this may seem daunting and confusing to some. There are many decisions to make before beginning your direct selling journey. How will you sell products or services? Who will be your target market? Knowing about advanced consulting services (https://www.epixelmlmsoftware.com/mlm-consulting ) for the business is the first step to achieve your goal.
The challenge for active direct selling companies(https://en.wikipedia.org/wiki/List_of_multi-level_marketing_companies ) is to maintain their competitive edge by constantly innovating and improving, which means keeping up with technology. MLM compensation plan solutions are an important aspect of a direct selling company. Network marketing companies have to consider the type of compensation that will be given out, how much is being given, and what kind of strategies should be used for compensation planning. For instance, some network marketing(https://www.investopedia.com/terms/n/network-marketing.asp ) companies give higher commissions on sales, with a certain percentage going towards the downline. Fortunately, there are software solutions designed specifically for these types of businesses that can guide direct selling companies to create a sustainable MLM compensation plan that helps them to keep up a balance between the company as well as their distributors.
With the increasing competition in this era of globalization, direct selling companies are always on the lookout for new distributors to help them penetrate more markets. However, finding and engaging with new distributors is not easy. There are a number of reasons why distributors fail. Sometimes it's because they were never really engaged in the first place, and network marketing companies have to spend more time on their distributor acquisition costs than planned. Direct selling companies should be having distributor engagement and retention solutions with them that can guide the network marketing companies in how to train their distributors and how to make their onboarding process even smoother etc.
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...
The direct sales industry has soared over the past few decades. While many companies have perfected their business models over the years, some unfortunate ones had to face a bitter exit from the industry. What made the difference?
Direct sales is built on the foundation of transforming regular people into groups of aspiring distributors (https://www.epixelmlmsoftware.com/blog/team-building-tips-direct-selling ). Direct sales have empowered potential distributors to step into this way of life, by building amazing business networks around them.
Direct selling is a successful business model since 1800. Even though the direct selling industry always have a negative image among the people, the industry has opened a lot of opportunities. The success of a direct selling organization thrives on the sole basis of self-motivated distributors who will be able to persuade and convince other people to buy their products. These distributors hold an important place in the direct selling organization.
The success of network marketing business depends on how many...
During the COVID period, many people grew more and more concerned about their health and safety. As a result, those in the industry-related health and wellness industry saw an increase in sales. The pandemic was unprecedented and left a deep impact on the world economy. It led to global economic deflation of 4.4% in 2020, according to IMF estimates. This research explores how COVID-19 affected direct selling brands and its impact on the network marketing companies themselves as well as...
In today’s customer-centric world, it is imperative for network marketing companies to empower their salesforce with the right knowledge. We have seen the rise of “transactional selling” in recent years. This term refers to a situation where a customer pays a company upfront for goods or services without asking any questions about what they are buying. Sales enablement strategy (https://www.epixelmlmsoftware.com/use-cases/sales-enablement )can help your direct selling company sell more and at higher margins. Here are some of the latest strategies used...
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....
