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
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 that promotes healthy living. Let us analyze some stats of the top direct selling companies in the recent past.
Top direct selling companies from the health and wellness sector had experienced a considerable increase in their revenue, in recent times. These companies include Amway, Tupperware, Herbalife Nutrition, Nature’s Sunshine, Nu Skin, and Medifast. In the United States alone more than 40 million people are involved with direct sales(https://www.statista.com/statistics/874793/number-of-people-involved-in-direct-selling-us/ ) for health and wellness.
In Q1, 2021, Herbalife reported net sales of $1.5 billion which is 18.9% higher than their net sales in the first quarter of 2020.
The net sales of Nature’s Sunshine increased 7% to $102.4 million in Q1, 2021.
Nu Skin reached $677 million in Q1, 2021, a 31% increase from that of last year.
The Q1 revenue in 2021 of Medifast, increased by 90.9% over the prior year, to $340.7 million, and net income increased 122.2% to $41.1 million between Q1, 2020 and Q1, 2021.
With the rising need for good quality health care products, direct sales companies have delivered the best products and services. Health and wellness are one of the fastest-growing industries in direct sales. People are always looking for new ways to improve their health(https://www.linkedin.com/pulse/rise-health-conscious-consumer-tara-quick/ ), whether it be by purchasing healthy food or using natural supplements like vitamins.
Network marketing is a successful business model prevalent in society since 1800. Since its inception, it has faced a lot of scrutinies because most people considered this direct selling to be a scam. Now also some countries are considering this to be an illegitimate business, some countries have found the opportunities opened in this industry and successfully contributed to the economy. The important part of the direct selling organization is the distributors. These distributors are the backbone of the business...
In order to find the right customers in network marketing, direct selling entrepreneurs need to spend time on prospecting efforts and research where they are in their buying process.
It's the most important part of any sales team, but it can be a daunting experience. There are tools to help make this process easier for distributors. Automating your sales prospecting(https://www.epixelmlmsoftware.com/use-cases/sales-prospecting )lets you spend more time on what matters - building relationships and identifying quality leads.
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...
Prevent Overpayment of Commission in Your Binary MLM Business
Binary MLM plan is one of the most desirable compensation plans (https://www.epixelmlmsoftware.com/blog/binary-mlm-plan-most-suited-for-business ) in the network marketing industry. It has attracted the attention of prospects and entrepreneurs alike, with its simple structure and flexible nature. As much as it is important to incentivize your distributors adequately, you must also pay attention to how ideal your payout distribution is. Overcompensation can be big trouble if left unnoticed by the organization. This can be...
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...
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.