Sajin Rajan, Co-founder, and Director at Epixel solutions is an enthusiastic business professional with 10+ years of experience in software development.
CFO at Epixel MLM Software
3651 Lindell Rd., Suite D1050, Las Vegas, Nevada 89103
The direct selling industry is a fast-paced and dynamic field, where new companies pop up every day while others are going out of business or shutting down their operations altogether.
Let’s look at the top direct selling trends that you should be on the lookout for in 2021. These are some new trends that companies should keep an eye on this year to make sure they're staying ahead of the competition.
Customer-Centric Recognition Program: The future of companies is the customer. A customer-centric company is one that understands and serves the needs of its customers. This program emphasizes the necessity of direct selling companies prioritizing customer sales experience by analyzing the customer-to-distributor ratio.
Female Entrepreneurship: Women's role in entrepreneurship has changed dramatically over the last few decades. The old idea that women can't be entrepreneurs is being turned on its head as female entrepreneurs are thriving across various industries. In the direct selling industry, 14% of CEOs, 16% of top earners, and 8% of founders are women.
Social Selling Programs: The Social Selling Programs have been the backbone of many successful B2B enterprises in recent years. This is because social media is no longer a niche market; nearly half of the world’s population uses it, and more than two-thirds use it every day. For these reasons, direct selling companies are investing heavily in their social selling programs to assist distributors with customer acquisition.
3651 S Lindell Rd Suite D1050, Las Vegas, NV 89103, UNITED STATES
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About
Owning an IT company with 100+ employees was a dream. With strong determination and planning, the dream has become a reality with Epixel Solutions.
Our flagship product, Epixel MLM software, became More
Direct selling companies are an old, yet surprisingly new industry. The ability to serve customers without the compromises of a traditional retail store is what sets direct sellers apart from their brick and mortar counterparts. However, it is not just that basic customer service that has been expanded with new technology. Today's entrepreneurs in this space have unprecedented opportunities to provide their customers with personalized services like never before all while avoiding many of the limitations inherent in other channels.
18 out of the top 50 direct selling companies have surpassed $100 million year-on-year revenue in 2020.
However, outgrowing their competitors was not a cakewalk for them. Neither did it involve rocket science. It was just a matter of pure passion, resilience, and hard work.
Direct selling is a vast industry with a large number of distributors. One way to be successful in the direct selling business is to build a strong distributor network. A distributor is the main reason why a company grows. A good distributor network is important in the direct selling business. There are different ways to enhance your distributor engagements (https://www.epixelmlmsoftware.com/blog/top-ways-to-distributor-engagement).
Distributors are the biggest stakeholders in the product or service that you offer. They play a key role in...
How huge is your workforce? How are you planning to rebuild your salesforce?
Got ideas?
Take a look at the top 10 direct selling companies listed according to the size of their workforce. It would have taken years of experience and research for the companies to build and retain.
Facts like these are a credible source of knowledge that adds essence to your industry experience. Interested in more?
The shift that occurred in connection with the pandemic also saw changes in shopping behaviors with people inside their homes ravishing their shopping spree online. SCORE ran a survey across shoppers to identify the shopping patterns and the general attitude in the shopping shift.
Network marketing, the popular direct selling model, with a larger part of companies using the eCommerce model to market their products, this survey brings forth insights to watch out for ( https://www.epixelmlmsoftware.com/blog/network-marketing-industry-2020 ). 53% expressed their opinion...
How confident are you with your current compensation plan?
How is it going to drive your MLM business after 10 years?
What will happen to your business with an increase in distributor growth?