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.
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. 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? Having advanced consulting services(https://www.epixelmlmsoftware.com/mlm-consulting ) for your business is the first step to achieve your goal.
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.
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 is a booming industry with a large network of distributor. The success of the direct selling industry solely depends on your distributors if they have the ability of managing your inventory to getting your products out the door, with customer satisfaction in mind. To manage your entire network marketing business, a platform is needed that has automation features(https://www.epixelmlmsoftware.com/use-cases/business-management ) so that the direct selling entrepreneur can focus on running the company rather than wasting time with manual tasks...
Customer Relationship in Direct Selling - Know How!
Engaging your customers in the right way is as important as making profits. Subscriptions and loyalty programs are an indirect way of telling your customers that you value them or they are your premium customer. Customer engagement paired with loyal strategies is aiming at relationships at a more personal level than the usual business relationship. This is one of the key strategies of a direct selling e-commerce business (https://www.epixelmlmsoftware.com/blog/ecommerce-direct-selling-tips ). Be its a...
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...