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
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 their customers during this period. The research also covers a comparison of search popularity between different brands, with some seeing an increased growth rate in terms of revenue while others struggled to sustain it due to lack of demand for products etc. https://www.epixelmlmsoftware.com/blog/direct-selling-brand-search-trends-covid
The COVID pandemic caused a sharp increase in people’s search for products and services related to health and wellness. In the research, it is found that some of the direct selling companies saw their sales shoot up during this period. Of all the companies studied, those with higher search volume have increased growth rates in terms of revenue.
Amway, a well-known brand of household and personal care products, has reported an increase in sales despite the COVID pandemic. In 2019, Amway had annual retail sales of $8.4 billion by 2020, this number increased to $8.5 billion(https://www.directsellingnews.com/amway-reports-2020-sales-of-8-5-billion/ ). This slight increase in net revenue is also reflected in the search volume for the company with 1.5 million searches before COVID and 2.24 million within the pandemic.
Another direct selling company, Natura & Co(https://en.wikipedia.org/wiki/Natura_%26_Co ), a Brazilian cosmetics company has seen its growth increase by 22.4% from the pre-COVID period, with search volume surpassing $7.16 billion in 2020, according to research The report states that Natura’s retail sales increased by 96% in comparison to 2019 and reached having high sales revenue.
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.
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.
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...
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....
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,...
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...