Title: GROWTH OF DIRECT SELLING INDUSTRY AND ITS IMPACT
1TECHNOLOGY ITS IMPACT ON DIRECT SELLING
INDUSTRY!
2Direct Selling
- Direct selling is person-to-person selling of
products and services - Technology has made direct selling easier and
quicker - It allows businesses to reach consumers directly
- Modern direct selling is mainly through internet
sales and social marketing - If a business dont want to lag behind, they have
to step up and take advantage of technology
3 History of Direct Selling
- Began in the 19th century as people entered the
industry to sell their product and services - Popularity went up in the 1890s and 1950s as many
companies began to launch - 20th century saw women joining the industry to
sell products and become part of the team - This model was later accepted as one of the most
successful business strategies and became a main
sources of income
4 Current State of MLM Industry
- Technology has transformed the way in which we do
business - MLM has upgraded from manual to automated
processes - With innovations in technology, it has become
easier to handle different functions of the
business like, - Managing the distributors
- Calculating compensations
- Updating genealogy tree, etc.
5Rise of Technology
- Television was one of the earliest technology of
marketing - Television commercials became a good way of
promoting business - Then email marketing became the best way to
contact people across the globe - At the end of 1990s, websites were being used for
brand building - Now social media is widely used to reach business
to larger audience
6SEO Visibility
- Having a website provides a platform to talk
about your business - Gives your business a brand identity
- Helps to reach your business to a larger audience
- Getting direct traffic on a website is not an
easy task - SEO is a promising channel used for this purpose
- If applied correctly, it will create better
online visibility
7Social Media in Direct Selling
- Direct selling strategies are highly impacted by
the rise of social media - Helps to grow your business network
- Helps your business to stay in touch with
customers and potential customers - Customers turning to search engines and social
media for information can be used for the growth
of your business
8Facts Figures
- About 4 billion people use internet
- 79 of them are active users
- Users are constantly engaged using various
gadgets - The numbers are promising and can be great asset
for direct selling business
9Direct Selling Software- Everything at One Space
- Everything in a single system - Is that
possible? - Yes, technology has developed well-enough to
provide the perfect solution - a direct selling
software/ MLM software - With advanced version of software one can
organize and manage MLM business - In direct selling business, calculating bonus and
compensations for distributors is quite difficult - Setting all these measures by an efficient
software will avoid all complications on every
transaction
10Pros of Direct Selling Software
- Can easily manage business completely without any
sort of complexities - Calculations by meeting criterion can be carried
out easily - Social media promotions/referrals can be easily
managed - Revenue, income and other financial status of the
business - Best performer in the business can be easily
analyzed - Compensation plans can be altered as per new
requirements or instant changes - User activities can be tracked or monitored using
the system - Users cannot perform manipulations and fraudulent
activities
11Feature-rich Software Package
- Choosing the right MLM software/direct selling
software for your business is certainly not an
easy task. MLM software is not just a tool, it is
a weapon to achieve success in MLM business.
Nowadays, software with attractive features are
available in the market. A customizable package
is the best choice for your business, that
perfectly meets your business requirements.
Choosing best software package will enhance your
chances for a perfect business solution. Epixel
MLM Software is a right example of such software
package.
12Epixel MLM Software - Features
- Dedicated Compensation Engine
- Dedicated Payout Engine
- Instant/Periodic Rank Calculation
- Compensation Plan Simulator
- Genealogy Reposition Sponsor Reposition
- Digital Currency and Blockchain Support
- Business E-commerce Ready
- API, Cloud, Database Server Support
13Future of Direct Selling Industry
- The present opportunities pay forward for the
future and there are few technologies that are
going to revolutionize the direct selling
industry. Some of the expected technologies to
boost up the direct selling business are - Enterprise Blockchain Technology
- Multi-vendor E-commerce System
- Advanced Chatbots Voice Bots
14Enterprise Blockchain Technology
- During the initial stage, blockchain in direct
selling industry was merely a concept. Business
begin as start-ups and then grow to become big
enterprises with large number of clients.
Managing and controlling them will be a
challenging task. This is where blockchain
technology comes handy. Advantages earned by
implementing blockchain in your business are - Ability to manage millions of users
- Transparent network
- High-security transactions
- Quick and immutable in nature
- Smart contracts
- High-end features and applicability
15Multi-vendor E-commerce System
- Direct selling market depends on e-commerce, as
the business is all about products and user
reference. A multi-vendor e-commerce system is a
perfect market space with a large number of
vendors and the products can get good public
reviews and brand identity. Epixel e-commerce
comes up with some unique features - POS System
- Reward System
- Highly Customizable
- Resale of products
- Drop Shipping feature
16Advanced Chatbots Voice Bots
- Chatbot allows people to have conversations with
machines in text or voice. They are used in
direct selling in various scenarios like - MLM
training, compensation plan consulting,
quick-search option in the software package,
e-commerce store, and much more. The point here
is that smart bots help to improve the customer
base by enhancing customer support services and
thereby helping to increase sales.
17Secure Measures Updates To Hinder Outside
Threats
- Security in the software package is must and it
brings trust among consumers and clients. All
business profiles, payment gateways and more are
working through online channels, so high-end
security measures are required. Layers of
security are built over software packages, we
impose certain unique security measures in our
Epixel direct selling software are - PCI OWASP Compliance
- 2-factor authentication (2FA)
- Anti CSRF Token
- KYC (Know Your Customer)
- Database Encryption
18Business development insights/tools
Artificial Intelligence
AI in direct selling can be leveraged to collect
and analyze data about the customer. Specialized
artificial intelligent bots will acquire
information from customers, offer solutions, and
help both distributors and consumers choose which
products are best for them.
It's the customer experience or satisfaction that
keeps the business to grow further. It's a
business intelligence tool lets the customer
realize the facts about how far they have come up
in the sales, business growth, revenue cycle,
business member activities, and much more.
19How to become successful in Direct Selling?
- Every business has different mold of success.
Direct selling industry is a challenging
industry, but also a lucrative business ideas.
Before concluding, we recommend three important
things to consider to become successful in direct
selling. They are, - Have a deep understanding on the current
situation of your business and stay updated about
the happening in the direct selling industry. - Make sure to select an MLM software with advanced
technical features from the best providers in the
industry. - Update yourself in needs of change and stay ahead
of technology innovations in order to help your
business develop and sustain a competitive
advantage.
20Get in touch with us
- Check out the evolution of direct selling
industry its impact - https//www.epixelmlmsoftware.com/blog/direct-sell
ing-industry-rise-of-technology-impact
21 Thank you..! Epixel MLM Software Cherish your
e-life!