This blog intends to find out the top 10 MLM companies in the UK!
MLM has always been a great business opportunity for all those business persons who are really passionate and ready to work hard! And we have seen a lot of really successful MLM leaders. So what are the things that really made them successful. There are a lot of factors, but one thing that could be highlighted is the companies they have chosen to build their MLM career.
They all selected some of the best MLM companies they had when they began their career. So hope this blog too will benefit all those people who are in search for the leading Network marketing companies around the world. (Here we focus on the leading ones in the UK.)
List of Top 10 MLM Companies In The United Kingdom
According to the statistics collected from various sources, Amway leads the list with being the best MLM company in UK. Amway is the short form of “American Way”. Amway is basically an American MLM company that concentrates on selling health, beauty and home care items.
The company was founded by Jay Van Andel and Richard DeVos in the year 1959 and is headquartered at Michigan in USA and operates in almost all the countries around the world, and in UK they are one of the top.
They are known for their really good quality products and one of the best one being the Nutritive products.
#2. Utility Warehouse
Utility Warehouse is a completely UK based multi- utility service provider which operates in the MLM format. Their major areas of service include phone, mobile, broadband, and energy services. It was founded in the year 2002 with the headquarters being at Colindale in London. It is estimated that they have a customer base of over 6,00,000 and 40,000 independent business owners or executives.
#3. Forever Living
Forever Living was founded in the year 1978 by Rex Maughan in the USA, and is one of the top MLM companies in the UK now. Forever Living is headquartered in Scottsdale in Arizona. They mainly focus on the products made from Aloe Vera and Honey Bee inferred based items. It includes beverages, supplements, cosmetics and more.
In Forever Living, the plan is simple. Be a Forever Business Owner (FBO) and keep purchasing their products at wholesale prices and sell it at the retail prices, You can earn upto 43 % as commissions. The company has its operations in more than 150 countries!
Arbonne was founded in 1975 by Petter Morck in Switzerland. But the company headquarters is in Irvine in California. They specializes in the manufacturing and selling of high quality cosmetic and skin care products which are in much demand all over the world, and obviously in the UK.
HerbaLife was founded in 1980 by Mark Hughes in the USA. Its headquarters is in Los Angeles in California. The acceptance of the HerbaLife products around the UK is great and also they do have a really good number of independent business owners.
Herbalife mainly deals with the selling of nutrition, weight control and personal care products. According to their website data, all these products are made out of plants and natural products.
HerbaLife offers you a rebate of upto 25 % on their products and services once you become their independent agent, and you can sell them at the retail prices, and reap the benefits. Also, they are the sponsors of major football teams like LA Galaxy and FC Barcelona! It operates in over 95 countries.
Oriflame, the Sweden based network marketing firm was founded in the year 1967 by the brothers Jonas and Robert af Jochnick. Oriflame sells cosmetic and skin care products. Also they take care of selling dietary supplements. It's just like the other MLM companies. You can join OriFlame as an executive and sell their items at really good benefits.
It is estimated that they have over 3.6 million free consultants around the world. They are still growing with the operations in and around 62 countries.
Wikaniko, the UK based network marketing firm was founded in the year 2008 with the vision to help the people out there to be financially independent. They promote the selling of eco-friendly based products and make them more accessible to everyone. Their major motto is to “Go Green”.
Wikaniko was founded out by the Trever and Karen Blake. Their list of products include everything from teas to cleaning products and personal care products. Everything is made from 100 % purely natural substances
#8. Simply Naturals
The network marketing firm, Simply Naturals was founded in the year 2012 by Eric Cole and David Evans, and it is a purely UK based MLM firm. Its headquarters is in Surrey.
The present CEO of the company is Peter Willoughby. Their areas of specialization include personal care, nutrition supplements, and health care products.
Mannatech was established by Samuel Caster in the year 1993 in Flower Mound, Texas. Their product services include dietary supplements and personal care products. The company operates in over 35 countries.
This beauty and personal care network marketing firm was founded back in the year 1886. The company was headquartered in New York but later it was shifted to London in the United Kingdom, due to its wide popularity and acceptance over the Europe.
The network marketing business has a huge fan following in the United Kingdom. So if you live there or plan to start an MLM business, do checkout the above given list of top 10 MLM companies in the UK. They will be a really great opportunity for you guys.
If you are searching for Best opportunities in other Countries, We have made a list according to that. The Details of which you can read in these articles:
This is an attempt to list out the Top MLM News Websites available out there in the internet today. Before getting into the list, let us delve into a brief introduction on MLM (Multi Level Marketing) or Network Marketing.
Most of the folks out there may be definitely knowing about MLM and its wider possibilities. But this one is for the people who are completely new to the topic!
MLM - Term Definition:
MLM simply stands for Multi Level Marketing. It can be defined as a system for selling FMCG (Fast Moving Consumer Goods) or other types of services through a network of distributors or agents. It's also known as Network Marketing or Direct Sales.
How does a typical MLM works?
In a typical MLM business, we begin to earn benefits or money through the sales of the products or services the MLM firm offers or by recruiting more number of distributors in your downline. You will also be eligible for a particular percentage of the income your downline distributors generate.
Downline And Upline
The distributors that you sign up with your MLM plan and the ones they sign up in turn are called your downline. The distributor that originally recruited you and the agents above him or her in the recruitment chain is called your upline. The distributor who recruited you will be providing you the required basic training and a starter kit.
Planning to join an MLM company?
Read More : Important Things To Know Before Joining Any MLM Company
Top MLM News Websites Trending In the Internet
#1. MLM Info Pages
MLM Info pages are managed and maintained by the leading MLM software development firm Infinite Open Source Solutions.
MLM Info Pages is a perfect platform for getting the latest information about the happenings in the network marketing sector. Moreover, they also provide a detailed review of the various direct selling companies.
This website also allows you to post advertisements (with both free and paid options) so that your business reaches out to the maximum audience. The MLM forum managed by the team is one of the active forums that we do have over the internet.
Website Url: https://mlminfopages.com/
#2. MLM News Report
MLM News Report was founded with the aim to shed light on the MLM (Multi Level Marketing) world.
MLM News Report publishes a mix of both editorial and news content to help you understand how MLM companies operate and the experiences that customers and employees have at MLM companies.
Website Url: www.mlmnewsreport.com
#3. Business For Home
Business for home.org is co-founded by Dini Noorlander and Ted Nuyten, CEO and Chairman of the Business For Home Foundation in the year 2007 in the Netherlands. They mainly publish facts, figures, and network marketing news.
According to the statistics published in the website, it receives an estimated 5 plus million visitors per year from all over the world with the majority being Network Marketing professionals. It serves about 15000 visitors per day.
Majority of the articles published are of positive. But at times, lawsuits and controversial news are published as well.
Website Url: www.businessforhome.org
#4. MLM Diary
MLM Diary was founded with the vision to create awareness about the MLM industry to each and every people who are connected with MLM Business
One of the main advantages of consulting this website for MLM related news is that through the reliable sources of MLM Diary, it enables the MLM enthusiasts to opt for the best to make a bright future in today’s competitive market.
Website Url: http://www.mlmdiary.com
#5. MLM Ever
MLM Ever is a perfect platform for the individuals, network marketing leaders, MLM companies and all the people who are connected with the MLM business industry to work together and share their own ideas and concepts through their forum.
Website Url: http://mlmever.com
#6. MLM News Global
MLM News Global is a complete E-newsletter of contemporary news, and business about the MLM business industry.
Website Url: https://www.mlmnewsglobal.com/
#7. MLM Nation
MLM Nation is led under the leadership of Mr. Simon Chan, who himself is a million dollar MLM business owner. It was started with the purpose to have a positive impact on as many lives of the people related with MLM industry as possible.
Website Url: www.mlmnation.com
#8. Network Marketing Magazine
The Network Marketing Magazine was founded by George Madiou and John Milton Fogg in October 2005. It was established with the mission to support the members of the network marketing industry who had no one to teach them the success principles to build a prosperous home based business.
Website Url: www.thenetworkmarketingmagazine.com
#9. Behind MLM
Behind MLM was founded with the aim to be a useful resource to people who are curious about the MLM industry and the companies that exist within it. It has been one of the best news websites that provide the public with relevant and accurate MLM information, news and company reviews.
Website Url: www.behindmlm.com
Hope that the above given list of the top MLM news websites will help you to stay updated about the latest happenings of MLM industry.
Are you planning to expand your MLM business in the near future?
Build an MLM Software to enhance your MLM business to the next level.
Affiliate Marketing is one of the best available ways through which you can obtain more leads much faster. The affiliates will be provided a commission for every sale that occurs through their medium or online platform (maybe a website, blog, ad page etc.).
It does not matter if your business is a small one or an established one. There are multiple ways why you should be running an affiliate software for your business!
Learn more on The Ultimate Guide to make money with Affiliate Marketing
Top Reasons Why You Should Be Running Affiliate Software
#1. It Builds Your Sales Force
A well executed affiliate software helps to build up your sales force with the help of a commission based pattern followed. By the integration of an affiliate software or an affiliate program gives the same or sometimes much better output as including more members to your existing sales team!
For smaller firms it would be great lead generation source and enables them to expand their dreams to the next level. And for the really larger firms, an affiliate software would be the next obviously necessary step to be taken for their expansion or updation in the present fast paced world.
One of the best advantages of starting an affiliate program is that it helps to improve your stake in the market without the need to really recruit more number of people. Majority of the customers will definitely choose to join an affiliate program and promote the products which they are much familiar with.
Grow your business with referral marketing using MLM Affiliate Software
#2. Have To Pay Only for the For Sales Delivered
In Affiliate Marketing you have to pay only for the leads which have turned into sales. Let your business be small, medium or large sized one, it will be only advantageous for your business since you have to pay based on performance.
You will be deciding on what you will be paying the affiliates before itself, which is known as the Cost Per Action (CPA) and the affiliates will be paid only by the CPA once they have achieved the goals you have already set for their actions.
#3. Cost Effective But Highly Beneficial
Affiliate Marketing is the best cost effective way to market your business or product. For example, assume you run a small business in search of more customers. Then an affiliate program like pay-per-lead program would be the perfect fit and for a medium sized or bigger business, the suitable option is to pay out a certain amount for every individual item sold. It would motivate the affiliates to increase their sales to the maximum and in return develops your business to the next level.
For larger businesses it would be beneficial by opening up new online markets for them!
#4. The Entire Process Gets Simplified
It’s all easy to download the perfect affiliate software to initially set up and monitor the program. The affiliate software allows you to host the program and customize it according to your needs. An affiliate software helps you to choose your own payment options and the rank affiliates based on their performance. Also it helps to track sales, commission and profit.
#5. No Third Parties Involved And Saves More Money
Depending on an affiliate network can be more expensive when compared to the affiliate tracking software. An affiliate tracking software is more affordable and helps in the creation and monitoring of your own personal affiliate program. It also helps to keep all your profits other than giving it to third parties. Also, you will be knowing about the better advantages of owning an affiliate software other than depending on the third party run programs.
If you are an owner of a small business firm, then you can easily set up a suitable program according to your own needs and requirements. The only thing is you have to be careful about the procedures. And in the case of a larger business, an affiliate software helps to assign the jobs to the administrative staff.
These all are the major reasons why any business should own an affiliate software for themselves. Since the online marketing methods are advancing every single day, it's always wise to develop an affiliate software for your business and thus ensure the growth and sales rise of the same.
Developing an affiliate software stays in your budget limits, since there are some really wonderful companies out there!
Read more on List of Top 10 Affiliate Marketing Software companies.
Almost all entrepreneurs always look for a business that yields high returns with low investment. The first and foremost business that strikes with such a strategy is the Multi-level marketing business (MLM).
Yes! MLM or Network Marketing Business is in the current trend to allure more people to join this huge network. Now some people might wonder what is Multi-Level Marketing and how it works.
Here in this article, you will be able to understand MLM or multi-level marketing and the working principle behind this network marketing.
Hope you all know the basic term "Marketing" now we will look into what is multi-level marketing or MLM.
What is Multi-Level Marketing (MLM) or Network Marketing?
Multi-level marketing is also known as network marketing, which is a trending business model basically to build a huge network of distributors and their recruits (downlines) to promote their MLM products via marketing or sales.
I hope you all would have heard about the top MLM companies Amway, Tupperware, Herbalife, etc. Here they promote their products or MLM products via their distributors to their customers. This type of marketing is known as Multi-level marketing or Network marketing.
You will be able to buy these products only via their distributors and the distributors will earn a certain commission on the product sale or new recruits (downlines). The commission offered will be based as per the MLM plan preferred by the MLM organization.
Now, what is MLM Plan?
MLM plan is a plan designed to form the network structure of the distributors and their recruits or downlines to promote the product sale. The MLM organizations will offer the distributors and the downlines commission for the successful product sale or new MLM recruits to the network.
The commission percentage offered for each distributor is based on the individual distributor sale or percentage commission of their downline sale.
Most of them would have heard about the popular MLM plans like Binary plan, Matrix plan, Unilevel plan, etc. Here as per the MLM plan the distributors and their downlines are placed in the network structure or the genealogy tree.
The MLM network structure provides you a clear idea about the distributors and the respective downlines of distributors. The commission calculation becomes simple as per the MLM plan preferred by the MLM owner.
How does MLM Work?
As we have already seen it is a huge network of people promoting their MLM products, now let us see how this network marketing works.
Once the customer signup with the MLM business to promote the MLM company products, they will become the downlines of the distributor and now the distributor is called as the sponsor of the downlines. Now the downlines of the distributor will become a distributor and they, in turn, can recruit their downlines to form the chain network structure.
Easily calculate MLM Commissions using MLM Calculator
In general, look into the different types of MLM plans offered by the MLM company to know more about the MLM network structure and the commission calculated based on the structure and PPV.
An efficient MLM software will have two modules like admin and user module. Admin will be the MLM owner, who will be able to track the distributors and their respective downlines. They keep track of the commission offered to the distributors and also all the MLM business transactions, MLM reports
Users will be the potential customers who sign up with the MLM business and will become the distributors of the MLM business. In the user module of the software, the users or the distributors will be able to manage their own team and will be able to communicate with their downlines effectively.
Finally, in this article, you will easily be able to understand what is multi-level marketing and how it works from the beginning like building the team to earning the MLM commission. It gives you a short description of the MLM plan and how the MLM organization calculates the MLM commission.
Always choose the best MLM software providers to enhance your MLM business productivity. Try out Free MLM Software demo
TOP NETWORK MARKETING BLOGGING TIPS FOR GUARANTEED SUCCESS
What are the practices followed for blogging for your Network Marketing Business?
The methods followed should be highly professional in order to get the maximum benefits from your blog! It is estimated that there are around 500 million blogs on the internet!
So definitely yours should stand apart to generate leads, recruits and sales.
TOP 7 Network Marketing Blogging Tips
Here are the seven tips on blogging for your network marketing business.
#1. Opt for Paid blogs
Yes, there are definitely a lot of free blogging options which firms like Wordpress, and Google provides.
But they do not have the features that a paid website offers!
It's simple. Find a good hosting company. There are actually many. You need to purchase a perfect domain name for your blog site.
#2. Brand Yourself
The major goal is to get leads to build your business, and hence you should use the name of the network marketing company all over blog wisely.
Brand yourself well and show people your expert status in the MLM sector.
It enables your name to reach to the maximum people.
#3. Use A Call To Action
It's always advisable to have a call of action on nearly every blog post. Just like ‘click here to learn more’.
#4. Use High Quality Content
One of the main thing that you should keep in mind is provide the best content to its visitors. The visitors must feel that they are not going to get these info from nowhere else.
Remember, Content is the King!
Each blog you publish in your blogging site should be shared on your social media pages. Once you share it there, there are chances to get more traffic to your blog! Also, make sure to have social media sharing options on your blog.
#6. Name and Appearance
Consider carefully on your decision in naming the Blog. The name should be always easy to remember and catchy at the same time. Some people opt for names that are not so attractive or spelled correctly. Plan with your tribe together on deciding the most apt name for your blog site. And check for the availability of a domain name that you are planning to use.
Appearance of the blog also means a lot for a successful blog site!
It has been found out recently that there is much higher percentage rates of people visiting blogs that have attractive pictures versus those without. You should also take care of selecting pictures from the internet. Some may have copyright issues. So either take your own photos or use pictures from sites where the pictures are legal to use.
The above mentioned are the few Network Marketing Blogging Tips that will lead you to find success in the network marketing business. All the major money earners in network marketing have a blog. It's the best possible way to get leads and sales.
Apart from following these tips, always be digital in your MLM business.
Build a fully featured MLM software for your network marketing business to stay ahead!
Are you in search for a good MLM software provider from Kerala?
Well, read this article, before going ahead!
MLM software is one of the most necessary part of every network marketing business.
The major duty of an MLM software is to atomize or integrate all the tasks performed in a MLM organization into a single entity!
Infinite MLM Software based in Kerala is a leading Network Marketing Software provider across the Globe.
Is an MLM software really necessary for your business?
Yes it is, because, they plays an important role in running the MLM organization smoothly by enabling the members to perform complex tasks without any hassle.
There are certain qualities that an efficient MLM software should possess. We will discuss it in detail below.
But basically a perfect MLM software should have a high degree of software efficiency, quality of service and support.
Now, let us deal with some of the characteristics of a good MLM software that would be apt for your MLM organization.
Characteristics of an good MLM software
Some of the major characteristics that a perfect MLM software should possess are given below:
1. Effective Account Management
Effective account management is really important for every MLM organization. An MLM software enables you to manage all your records, transactions, expenditures and more.
2. Multiple Compensation Plans
A good MLM software must have pre-built MLM compensation plans for the smooth and efficient calculations of commissions and more.
The various compensation plans include Binary Plan, Matrix Plan, Unilevel Plan, Board Plan, etc. Apart from choosing any of these plans; you can also create your own custom MLM plan as well.
Read more on MLM compensation Plans
3. Helps in Business Record Tracking
An MLM software keeps a track of all the records. MLM softwares would be the most reliable thing for tracking your MLM business records. It keeps a record of various information like number of members, sales reports, revenue, analytical and pictorial representation in a hierarchical structure of MLM members.
4. High Data Security + Backup
MLM software provides a safe and secure environment as it keeps all the history of transactions right from the beginning stage. Or in other words, it prevents the loss of important data.
5. Flexible Inventory Management
An efficient MLM Software must have the ability to deliver smooth and flexible inventory management system for MLM companies.
Proper inventory management in a MLM software, makes it really beneficial for running an MLM company smoothly.
Just like accounts, proper inventory management can be considered beneficial for running a successful company.
6. Full information about Products & Services
An efficient MLM software should provide full information about various products and services offered by the company.
It should provide the companies the options to update various information about their products and services which are very much necessary especially in the retail and wholesale industry.
7. Easy Integration with third party
A perfect MLM software must have an easy integration process, and must be compatible with any third-party software.
Also, Read more on How to start MLM Business?
Choosing the best MLM provider
Since there are a lot of MLM service providers in Kerala, it would be really confusing on whom to choose!
Given below is a list of points to take care of before finalizing on a MLM software service provider.
Hope this article gave you an insight on the things to be taken care of while selecting a good MLM software provider!
Try to keep all the above mentioned information in your mind while selecting your MLM service provider.
Try out a MLM Software Demo to review it’s features.
Network marketing has given many people a life they have dreamt of. On the other hand, there are many more that have failed miserably too.
Why do you think People fail in network marketing?
In this blog, we shall discuss the top reasons why do people fail to be a successful network marketer and discuss how to overcome them.
1. False Expectations
At times, some MLM companies and network marketers give out false claims related to the nature of MLM business and prospective income they can earn. If you are a sponsor and you put forth false claims of income to the new recruits, they will think of themselves as a failure once they don’t achieve those expectations that they have been given.
You can tell them the honest scenario and what they can expect from the network marketing business and prepare them for taking forth their own business.
Beginning the MLM journey with the right goals and expectations is very crucial for success of a new marketer and help them stay motivated during their career.
2. Lack of ambition and dedication
Network marketing is no easy job. One would have to put in a lot of effort , time and energy to build a network that can yield them good and stable income. Beginning of the business is quite a test for the marketer since that is when he should put in the maximum effort and allocate most of his time. Only then can he reap great rewards from the business. Many a times, we notice that new prospects lose out on dedication and ambition some time after they begin the business.
You must be willing to put in consistent efforts to build the business throughout your network marketing career, only then can you earn a comfortable income.
3. Lack of support from friends and family.
To succeed in network marketing, you must believe in the business and in yourself. If you don't place your trust on the network marketing business and don’t believe in the products you sell, there are very little chances that you will be able to build a team and succeed in your career.
Another important aspect is the support of your friends and family. If people around you support what you are doing and motivates you, well and good! You are one of those lucky ones out there. If you are not one of the lucky ones, it is very important that you start raising your level of belief.
You should be confident of your business and assure yourself constantly that you will make it big one day.
4. Inadequate training
There are a lot of MLM companies today and each has its own functioning procedures. Most of the companies give their representatives a good training and prepare them to build and manage their network marketing business. Having said so, there are quite a few companies that do not provide a well designed training programme.
Even if your company does not provide adequate training, you need to find out some network marketing veterans who can provide you with proper training and good insights on network marketing business.
Even if you are an experienced network marketeer, you need to constantly update your knowledge to learn about the new marketing practices that have entered the market. There are a number of channels on Youtube and many blogs online that you can take lessons from.
5. Wrong Choice of products
All the successful network marketing professionals that you meet wold have one thing in common. They are extremely proud of their work and love the products that they sell. They are the regular users of the products and they would probably buy them if they are not paid to sell them!
Your success in network marketing would be heavily dependent on the ability to share your passion and knowledge of your products to your customers. Some people join the business for money and later on discover that they cannot sell the products.
Hence, it is always better to use the products and know more about it before taking the plunge and start selling them.
6. Targeting the wrong market
This is one of the factors that the reps get wrong most of the time : finding the right target market.
Most of the companies ask the new reps to make a list of all 100 people they know and ask them to pitch the products to them. Another advice given to the reps is to pitch the products to anyone standing within 3 feet of them. This strategy will earn very little sales, as far as experience speaks.
You would be wasting time by selling your products to people who have no interest in them. Not everyone is a prospect. It is nice to tell your friends and family about what you are doing, but pestering them to buy from you will lead to you being avoided by them.
Smart businessmen will find the right market and pitch the products to them. This would lead to almost 100% conversion of prospects to customers. And the network marketer would not have to deal with the disappointment of rejection. Friends and family will join later on, once they see how successful the network marketer has become.
7. Not following up after recruiting people
This is probably the most important aspect of being a successful network marketer. You need to follow up with people who have expressed their interest in the business and is likely to join it. Now, having said that, you should not keep on calling friends and family who have denied to join the business. They will start avoiding the calls and you will feel alienated.
Many network marketers have missed on many great business opportunities because they did not follow up on legitimate prospects. Many miss opportunities to grow their business by not following up on legitimate prospects.
Choose a right time and call the prospect. Chances are that they will not sign up on the first place. You have to continuously follow up and bag the business. If they are least interested, let it go they will come around once they see how successful you have become. people who aren’t interested.
8. Money is the only focus
Well, money is definitely the driving force of network marketing business, or for that matter, any business. After all, why do you think people go to work?
Keeping that on the side, one must put their efforts into showing potential customers and new reps on the golden opportunities in MLM business and how they can build a business from the scratch.
Many people fail in the business by focussing on just money and failing in building relationships to build the business.
9. Wrong Choice of MLM Software
The right Network Marketing Software is integral to MLM business and you should be very careful on choosing the perfect software for your MLM business. It should be fairly priced, have all the essential features and must be easy to use.
Click here to know more about Tips to Buy an MLM Software
We can definitely vouch for network marketing as a great career option. Be Careful not to make the mistakes mentioned here and you are good to go!
Read on How to succeed in Network Marketing Business?
Affiliate marketing has been the star of unconventional professions for quite sometime now. As per recent statistics, around 40 percent of the working class in United States are a part of the sales team of an affiliate marketing company.
If you are an affiliate marketer, then this blog is dedicated just for you. MLM Tracking Software is an essential tool that you must get acquainted with.
Before we get into the core subject of the day, let us get a grasp of the basics.
What is Affiliate Marketing?
Affiliate Marketing is a performance based marketing strategy where a distributor gets rewarded by the business for bringing in new customers. The distributors are called as affiliates and they recommend these products to new customers either by mouth to mouth advertising or by opting for online advertising tactics.
The affiliates do not have to create products on their own to sell, but earn money by recommending the products to others.
The affiliates can have two modes of payment. They can either gain commissions on one-time purchases or a recurring income by selling subscriptions and membership programmes.
What is an Affiliate Marketing Tracking Software?
Now that we know quite a bit about affiliate marketing, let us see what as affiliate/MLM tracking software does.
It is used to track the referral made by an affiliate to a customer to buy products from the company.
Tracking is an important aspect of affiliate marketing since the compensation and rewards are given to the affiliate based on their fruitful recommendations that resulted in the sales of the products of the affiliated companies.
The software helps the company to duly credit their affiliates based on the performance of their referred clicks, number of page views, impressions of advertising materials like banners, links etc of the marketers. The software also confirms the purchases and transaction of monetary values of the affiliates. For more; MLM Affiliate Software For Online Network Marketing
What are the essential features in an MLM tracking software?
The affiliate tracking software will generate a code, token or shortened URL, or a means of tracking an affiliate by name.
Importance of Direct Selling Software in Growing Network Marketing Business
An Affiliate Tracking software is an inevitable entity for a successful marketing career.
We offer customised software with top notch features and easy-to-use interface. For more, check out: Splendid Reasons to choose Network marketing Software.
Considering investing your hard earned money in MLM business? Well, you are not alone. Many millennial's around the world might be debating on Pyramid Scheme VS MLM as the better choice, as we speak.
Better you get onto the bandwagon, be sure to verify the legitimacy of the scheme or else the money would go down the drain. As lucrative as genuine MLM business is, there are some traps laid out to lure naive customers into Pyramid schemes and steal their money.
In MLM business, a company employs independent distributors who are trained to sell their products. In Turn, these independent distributors will earn a commission for the sales they do. They are also encouraged to recruit more distributors. under them and earn a portion of commission they earn for their respective sales. These distributors have different titles in different companies like consultant, contractor or distributor.
The distributors also earn bonuses for achieving a particular sales target or for adding your stipulated members under him ( which will be their down-line) ;you can earn cars, vacations and even cash. Quite tempting, isn't it?
Pyramid Schemes are wrapped in MLM ‘s shiny wrapper and presented to unwary people who are impulsive enough to join the bandwagon. Well, to state the obvious, not every multilevel marketing opportunity is legitimate. There are a lot of pyramid schemes doing rounds today.
In a pyramid scheme, no real product is sold. The people who enroll are required to pay a lump sum amount of money right at the time of registration. This is their primary source of income. The naive enrol lees are convinced that this is an initial investment and would get the returns for each new member they recruit and climbing up the ladder.
Pyramid scheme is illegal in most of the countries around the world.
Participating in a pyramid scheme is an offense under the Criminal Code of Canada, punishable by up to five years imprisonment.
Now, let us address the big question of them all - MLM vs Pyramid scheme.
Well, it is quite difficult to tell the difference between a legitimate MLM opportunity and a pyramid scheme by just a glance. So, how do you tell whether it's a legitimate business opportunity or a scam?
The easiest and magnified difference would be from the way the business operates. The pyramid scheme will not ask to sell any kind of product. The company will only be keen on forcing you to make the initial investment and then asking to recruit more people under you and get their money. The big difference between MLM and a pyramid scheme is in the way the business operates. On the other hand, a genuine MLM company will ask you to sell the products and earn commissions from the sales generated.
The MLM company will have a compensation plan that depicts how and how much commission you can earn from it. There are MLM Calculators available online to help you do this calculations. Pyramid schemes will not have such plans. They just have a fixed number of ball model, like 8 ball model where each person has to recruit another 8 people to earn the income. The scheme ultimately collapses when no people are anymore join the network and cash inflow ceases.
You can question the person recruiting you about various aspects of the company like what products they sell, how many years have the company been in operation, how much is the earning possibilities, do they have a convincing office space etc.
Also, you must note that any scheme that is promising huge returns in a short span of time for huge initial investments is most likely to be a fake scheme.
MLM vs Pyramid Scheme- Ask yourself the following questions before joining the network.
To steer safe of the scams, always ensure that you gather all the possible information before investing in one. Source and read the written copies of the company's sales literature, business plan and/or marketing plan.
Talk to other people who have experience with the multilevel marketing company and the products to determine whether the products are actually being sold and if they are of high quality.
Know more about MLM Software and MLM plans here.
Lastly, use the might of the internet to read reviews, feedback's and complaints, if any, of the company you intent to join.
Crowdfunding and network marketing or multi-level marketing are probably the most discussed terms in the business forums today. Now, how about the amalgamation of both?
Read on to know more about this interesting concept.
Crowdfunding - What is it?
Crowdfunding is a source of alternate financing where a project or venture is funded by raising small amounts of money from a group of people, usually through the internet.
Though the term crowdfunding is typically used in the context of generating funds via internet, crowdfunding can also be done benefit events, mail order subscriptions and other methods.
Entrepreneurial ventures are most benefited from this new age technique of fundraising. In addition to this, non profit projects like creative and artistic projects, medical expenses, travel, social entrepreneurship projects etc are also using this method to raise necessary funds.
How is Crowdfunding done?
There are different ways by which crowdfunding is done. The motive behind investing in each kind is different.
Investment crowdfunding and loan based crowdfunding are governed by banks and other financial institutions while the other two options are not. There are lot of crowdfunding websites online which displays the projects that are seeking funds. If there is something that strikes you, you need to probe further into the details of the project and collect the following informations.
Based on these factors, you can decide if you want to invest in a project. If the project raises the total amount of funds required, then it would take off and you can sit back and relax while your invested money multiplies.
In case the necessary funds are not raised, the project is cancelled and money is given back to the investors.
Why fund projects via crowdfunding?
Crowdfunding has already been deemed as the next big investment trend by the financial experts. You would be surprised to know that $34 billion was raised in 2015 by crowdfunding.
There are quite a few reasons that justify the popularity of crowdfunding today.
You don’t need to invest all your savings or take a bank loan to invest in your project and take a great risk. The risk factor is minimum for both the entrepreneurs as well as the investors.
In the worst case, if a project does not turn out to be successful in raising the funds, the accumulated funds are given back to the investors.
Real Time feedback
During the course of raising the project, you can create polls and take feedbacks from your investors. This can help you make necessary adjustments as you go on during the course of the project to make your product suit the needs and expectations of the market.
A great marketing tool
You are spreading the message of your project and brand all round the world when you share your campaigns through various websites. Moreover, your investors will definitely spread word in their circles about your project and campaign.
What is MLM and how does it work?
MLM or multi level marketing involves the marketing and sales of goods and services of a company by independent distributors who will earn a commission for the volume of sales done. These independent distributors can go a step further and recruit people under them and earn a fraction of the commission they earn from their sales as referral commission.
Know more about MLM Software and MLM plans from here.
Crowdfunding with MLM
When Crowdfunding meets MLM , the results are simply extraordinary. Even though MLM sounds quite easy, it takes a lot of hard work, perseverance and great skill set to eventually succeed in it.
Also, let us not forget the fact that not everyone is blessed with the right skills to be a great salesman.
This amazing combination of crowdfunding with MLM can help those people who would like to invest in MLM but does not possess the right skill set for becoming one.
This scheme brings in the network building aspect of MLM into crowdfunding. They do not have to sell or promote any products.
In addition to investing an amount of money into crowdfunding venture , the members would have to bring in new members who would also invest an amount of money into the project.
They would also earn rewards for each new investor that they would bring in. For More; Crowdfunding Moving to MLM.
We provide Crowdfunding MLM software in order to help manage the network of investors in an easy manner.
Make the most out of this novel business scheme. Contact us now!