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.
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...
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,...
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...
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...
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...
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...