Multilevel Marketing, or MLM, is a system for selling goods or services through a network of distributors. Multilevel marketing is also referred to as Network Marketing or Direct Sales. Multi-level marketing (MLM), also called pyramid selling, network marketing and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. Network marketing means Direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents.
Features of MLM Software :
√ Storing various document types, including word-processing files, emails, PDFs and spreadsheets √ Flexible Solutions for a Growing Business √ Cost-Efficiency and Assured Affordability √ Robust Secure Software √ Management of Resources √ Stay Ahead of The Latest Technologies √ Customized Solutions for Every Need √ Future Proofing The Business √ The host of Useful Features √ Easy Management of Business √ Quick and Easy Updates √ Simple, Accurate Software for Business Needs √ Evaluate Commissions Effectively √ Support for Different Compensation Plans √ Enhance Communication Capabilities
In this method, commission is earned on the agent's own sales revenue, as well as on the sales revenue of the sales-force recruited by the agent and his or her recruits (called down line). Also called multilevel marketing (MLM), cellular marketing, or by other such names, it is a multi-billion dollar worldwide industry that distributes practically any portable item, although restricted or banned in several countries due to its history as a vehicle for consumer fraud. MLM software is an exclusive product that has transformed the future of MLM business. With exquisite features, an MLM software can control and manage the operational activities thereby increasing the profitability and productivity. The entrepreneurs who have implemented MLM software in their MLM business must be aware of this fact.
Types of Multi Level Marketing :
√ Binary Plan MLM Software √ Matrix Plan MLM Software √ Mobile Recharge Plan MLM Software √ Board Plan MLM Software √ Gift Plan MLM Software √ Repurchase Plan MLM Software √ Differential Plan MLM Software √ Generation Plan MLM Software √ Uni-level Plan MLM Software √ Party Plan MLM Software