MLM Software
WHAT IS MLM
MLM also known as Multi-Level Marketing is a marketing strategy to sell
your products and services. The return of investment in this company is gained from
workforce called as distributors or participants. Its marketing strategy follows a
Pyramid shaped system. The distributors and clients earn their commission based this
pyramid model only. Each and every company is has its own Compensation plan for payout
of earnings to distributors. Though compensation plan differs from one company to
another, it has common feature among all.
- Compensation plan pay out to participants is derived from
two major Revenue streams. First stream of plan is paid by the commissions of sales
earned by participants to their retail customer.
-
Second stream is paid out from commissions based on sales earned by other
distributors below the participant who recruited them in business.
It forms an organizational hierarchy of direct selling
business and these participants are known as downline distributors. The MLM participants
are expected to sell products directly to end user of retail customers. They do this by
means of building relationship referrals and word of mouth marketing. They are enables
to recruit others to join in the concern as fellow distributors. These newly recruited
distributors become their downline participants.
Goals in business plan
- Main goal of sales of MLM
companies to distributors are not selling products and services. The company
products and services are peripheral to basic MLM model.
- The MLM model rarely
gives value to extreme likelihood of failure or financial loss from members in MLM.
- A good direct selling
company gives disclaimer facts to their fellow members.
- It clearly states
participants should not rely on earning values of other participants shown in
highest level of MLM pyramid model.
- It gives indication to
participants about what they should expect to score or earn from their business
plan.
Payment gateways
- Our MLM software
alleviates the complexity of integrating electronic payment support by providing
widely used gateways.
- You can handle your
credit cards and E-check transactions easily. You can avoid wasting your money and
time in developing home systems to integrate E-commerce facilities.
E-wallets and debit cards
- Our Simple secure and
instant payment solutions enables close association with other companies
- Your distributors can
choose payment mode based on personal preferences from multiple payment methods
- We have leading
commission payment solutions for direct selling business
- Ex: Prepaid cards, bank
deposit and online e-wallets
- We offer low cost and
local payment services across global networks
- You can showcase your
corporate identity and brand awareness with distributors across payment channels
- Domestic and
International payment services
- We provide best
solutions to pay your distributors and clients
Participant work together
The participants move in upward direction is the key factors
determining between MLM and traditional pyramid schemes. This action improves overall
growth of business by featuring actual sales and validating efforts and investment of
participants.
Consumers and Participants
End user retail customers are non-participants of network
marketing business and they are known as consumers. However, Majority of consumers in
MLM Company are participants who are recruited by fellow participants above in pyramid
scheme.
- Revenue and profit is
highly produced from participants within MLM pyramid who are working as both
distributors and consumers.