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
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
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
Direct Selling Industry Researches And Interesting Studies in the Year 2021
The direct selling industry has grown by 12% since 2016. In spite of the economic turbulence, this industry has seen accelerated growth in recent years and shows no signs of slowing down. In 2021, the direct selling industry stood strong to face any adverse situation(https://www.epixelmlmsoftware.com/blog/direct-selling-industry-2021 ) and even saw an increase in its revenue. In 2021, direct selling companies across the globe were awarded many accolades for their outstanding contribution, innovation, and commitment in various fields.
Sales, revenue(https://en.wikipedia.org/wiki/Revenue ), and recognitions apart, 2021 also witnessed some outstanding industry research and studies that are intended to provide actionable insights for businesses and demand great appreciation.
1. DSA Growth and Outlook Survey
The study by the U.S. Direct Selling Association predicted a 4-7% growth for the direct distribution channel in 2021. On the basis of this forecast, the direct selling retail sales are expected to rise between $41.7 billion and $42.9 billion.
2. Search Popularity of Top Direct Selling Brands
Recent research by Epixel analyzed the search popularity of the top 50 direct selling brands. Based on the data from Google Trends(https://en.wikipedia.org/wiki/Google_Trends ), the study uncovered interesting insights on the search popularity of direct selling brands around the world.
3. The Medifast Study on Consumer Health Priorities
Medifast, the direct selling organization OPTAVIA’s parent organization conducted a study on the health priorities of U.S. adults. It says that 93% of U.S. adults have adopted health and wellness goals with 84% actively working to achieve them. 76% of U.S. adults prioritized their health solely to enhance their physical and mental well-being. Whereas, 67% are motivated by the fact that having more energy helps reduce stress and anxiety.
4. Young Living Wellness Survey
The survey conducted on 5000 adults across the world determined the wellness habits of consumers and the impact of COVID-19 in the changing attitudes of people on personal well-being. 48% of respondents are making wellness and self-care a top priority.
Different studies conducted by different associations have helped the industry as a whole to understand varying trends and how they could influence the industry, especially post-pandemic.
US DSA Awards - Giving Direct Selling Companies the Spotlight They Deserve
In the world of direct selling, there are many companies that have made significant contributions to the industry. The US Direct Selling Association (DSA) annual awards honor their member companies and their achievements. DSA awards of 2021(https://www.epixelmlmsoftware.com/industry-news/us-dsa-awards-2021 )were held on November 2nd, 2021 and many personalities attended this event in person in New Orleans and also virtually.
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...
Effective Distributor Onboarding is Crucial for the Success of Your Network Marketing Business
Onboarding is the process of familiarizing a newcomer to a new environment. This is very important in a work environment. The effectiveness of onboarding strategies determines how productively your distributors would start their careers. The onboarding process is a great opportunity for distributors to learn and familiarize themselves with the strategies and leaders of the business. This creates a sense of confidence and knowledge within them, which is...
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...
Being an industry that aims to sell its product across wider marketplaces, the need for better e-store management systems is high in direct selling. Better e-commerce store management (https://www.epixelmlmsoftware.com/use-cases/store-management ) ensures profitable and sustainable growth in the direct selling business. There are several ways you can manage your e-store effectively.
Inventory management is a key process in managing your e-store. Managing inventory helps the direct selling business to prevent:
-->Overstocking
-->Understocking
-->Wastage of time
-->Wastage of labor
Inventory management tools can be associated with the...
Direct Sales Planner: An All-in-One Solution for Distributors in the Direct Selling Business
Direct Sales Planner will help distributors in the direct selling business to plan ahead and organize their day-to-day activities. It helps to accelerate the growth by giving you a platform to plan your direct selling business(https://www.epixelmlmsoftware.com/direct-sales-planner ) ahead, organize various aspects of your sales process, and implement it on time with minimum effort.
The direct sales planner is a system that has been designed to solve the problems...