GROWTH OF DIRECT SELLING INDUSTRY AND ITS IMPACT - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

GROWTH OF DIRECT SELLING INDUSTRY AND ITS IMPACT

Description:

Direct selling business rises by lifting others. It is a retail business network adopted by entrepreneurial companies to market products and services directly to consumers. In this piece of writing, we open up the past, present, and future of direct selling business. Make use of this article to get an idea about direct selling business, check out our blog: – PowerPoint PPT presentation

Number of Views:26
Slides: 22
Provided by: epixelmlm
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: GROWTH OF DIRECT SELLING INDUSTRY AND ITS IMPACT


1
TECHNOLOGY ITS IMPACT ON DIRECT SELLING
INDUSTRY!
2
Direct 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.

5
Rise 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

6
SEO 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

7
Social 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

8
Facts 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

9
Direct 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

10
Pros 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

11
Feature-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.

12
Epixel 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

13
Future 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

14
Enterprise 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

15
Multi-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

16
Advanced 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.

17
Secure 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

18
Business 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.
19
How 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.

20
Get 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!
About PowerShow.com