Social media platforms have an important role in changing the way we live ( https://www.apa.org/members/content/social-media-research ). For many years it has been part of our daily lives as it allows us to connect with friends and loved ones. However, lately, the attitude of people towards social media platforms is changing. Social media platforms are scrutinized now more than ever. The major reason for this backlash is that more people are getting involved in social media and it is also impacting our daily lives. As a result of this backlash, major platforms have made phenomenal changes in their guidelines. The latest on the list is the young and growing platform TikTok.
TikTok has a user base of around 800 million. At the end of 2020, TikTok made major updates in its guidelines. One update that caught everyone's attention was their take on MLM. Along with banning Ponzi and pyramid schemes, TikTok also banned the upload of MLM contents ( https://www.tiktok.com/community-guidelines ).
MLM or network marketing ( https://en.wikipedia.org/wiki/Multi-level_marketing )is a type of business model where products and services are sold directly to consumers. This legit business model has been around since the 18th century. With the advancement of technology, the distributors of MLM companies started to find their customers through social media. This window of opportunity has been exploited by many fake MLM companies by spreading false claims and misleading information to lure more people to their business. By this ban, influencers spreading false claims have lost their space. Thus MLM companies who sell their products and services lawfully can now flourish their business. Read more from the blog https://www.epixelmlmsoftware.com/industry-news/tiktok-bans-pyramid-ponzi-mlm-schemes
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Epixel MLM software is integrated with the latest technologies such as business intelligence, intelligent automation, data analytics, etc to successfully organize every network marketing and direct selling More
Epixel Board MLM Software is an intelligent and integrated MLM system that runs on advanced technologies such as Python (https://en.wikipedia.org/wiki/Python_(programming_language) ), Node. js, Google Golang (https://golang.org ), etc to build a commission engine that ensures quick and real-time commission processing. Epixel platform has every innovation that helps network marketing and direct selling companies to address industry-specific requirements with best practices that are proven to result in higher outputs. It also helps organizations to enable new business models along with the...
Multilevel marketing is a popular business strategy adopted by many countries for the distribution of their products or services. The distributors can add more recruits under them and these distributors are independent. They can receive a commission or bonus based on their recruits. Some people consider this as a scam but in reality, these MLM (https://www.investopedia.com/terms/m/multi-level-marketing.asp ) strategies have been adopted by many countries and they are offering people to earn a handsome income.
What is so complex about the MLM industry? Obviously, the answer is network expansion and commission calculation. To expand your network you need distributors who are competent and creative in developing their own marketing strategies. Well enough, what does it take to simplify the commission calculation process in MLM? It’s a hard but true fact that it cannot be done manually. Manual processes are tiring and highly error-prone. The perfect way out is to automate it with technology.
Automate your MLM network with continuously improving platform based on business intelligence provided by Epixel Generation Plan MLM Software. Make faster and better decisions with real-time insights using predictive analysis and data analytics (https://www.investopedia.com/terms/d/data-analytics.asp ).
Direct selling companies following generation compensation structure offer several bonus structures such as generation bonus, referral bonus, team sales bonus, retail commission, etc. Epixel also allows adding custom bonus structures as demanded by the business plan. It also allows easy customizations that offer an MLM...
MLM software is an integral part of the MLM industry. It helps the MLM companies or admin teams in organizing, managing, and controlling the entire business. The development face of MLM software is directly influenced by many factors. Let’s look into some of the commonly faced challenges. Visit the blog https://www.epixelmlmsoftware.com/blog/mlm-software-development-challenges for a complete understanding.
Use the all-in-one platform provided by Epixel Gift Plan MLM Software to revolutionize your network marketing and direct selling enterprise with business processes integrated with intelligent automation backed up with advanced technologies such as business intelligence and data analytics. Organizations following gift plan MLM structure can efficiently utilize the customizations and integrations to develop custom compensations and bonuses as per the demands of your business.
