Multi-level marketing (MLM) also called pyramid selling, network marketing, and referral marketing. The origin of multi-level marketing dated back to 1920’s. Multi-Level-Marketing, direct selling, Network marketing, tiered compensation plans is another way of saying “profit share.”
Network Marketing is the distribution of products and services through a network of people, rather than through traditional supply chains. Instead of spending huge amounts of money in marketing and advertising, the products through print media like newspapers, billboard advertisements and mass communication media like radio, television, etc. The reward is by distributed products by referral, word of mouth (the most powerful form of marketing) and meeting people meeting. The more product that is moved or distributed, the more profit.
How MLM software came into the picture?
Multi-level marketing software is one of the advanced technologies. Multi-Level Marketing (MLM) or Network Marketing Software is one of the best methods to take forward one’s MLM Business without any loss of your valuable data. When there was record keeping during the no-computer or software intervention age, there were many problems like theft of data, the leak of data, trouble in storing data and misuse of data. These, avoided with the use of MLM software. MLM Software provides tight security to the MLM business, and it keeps a record of all distributors and details on expenditure.
Features of Malaysia MLM Software:
The software system will help marketing entrepreneurs to handle business management with multiple features.
The following are the features of MLM software:
- Member management
- CRM management
- Report generation
- Marketing tools
- Social media integration
Tasks handled by MLM software:
Multi-level marketing software helps in creating and launching MLM based online business. The following are the tasks, handled by the software at much ease.
- User Management
- Matrix Plan Management
- Content Management
- News management
- Payment Setting
- Transaction History
- Security settings
Types of Malaysia MLM Software:
There are four major multi-level marketing software like
- Binary plan
- Stair-step MLM Plan
- Gift MLM plan
- Matrix plan
Why people prefer MLM software?
The MLM software has turned out to prove that it is the oxygen of the 21st century in the marketing domain. The following are reasons why people prefer MLM software to do their businesses.
- One can earn big with a small capital (smaller compared to the capital needed in a traditional business).
- Good support system so it is advisable for people who do not have business skills. Like the sky, this business has no limits. Everyone in this world could be a customer and a business partner.
- Easy Income Opportunities
- Work from home
- Time Flexibility
- Surrounded by people who are self-motivated and are ready to mentor
- Simple methods to advertise
- Small investments, big profits if done right
- Additional and Supplementary income
- To get an idea of how business works for a newcomer
Benefits of MLM Software:
The MLM software has benefited from both the personal side as well as professional side
There are multitude benefits by using MLM software on the professional side, a few listed here:
- Effective Account Management techniques
- Multiple compensation plan benefits
- Full information about the members, products, and services on place
- All the records in one place for easy access
- Separate login for all the members of the user panel for easiness
- Can create different types of plans customized
- Well functional commission management systems
- SMS Management system for quick info transfer
- Support multiple payment gateways
- Lead Capture system
- Multi-currency, multi-language, e-wallet, e pin
- Three different models of payment
- 24*7 support for all packages
- SAAS and Partnership programs
- Secure and reliable
- Payments are monthly, quarterly, half-yearly and yearly basis
The MLM Software has benefited from personal side, few listed below
- Financial freedom
- People might want discount opportunities on products.
- Low start-up costs and overhead compared to other types of businesses
- Can be done part-time
- Personal Development
- Meeting new people and attending events and make new friends and meet new people
- Learning new skills like marketing and success skills
- To have a purpose in life and build something
To make money in MLM
In the legal MLM business, one can sell genuine products which people genuinely want for a reasonable price. Money made just by marketing the product. One does not have to employee others into the trade to make money. MLM business isnot about taking advantage of anybody. Nobody has to lose money in order for one to make money. One can also make money with services. The main way to earning from MLM is by marketing. The following suggestions kept in mind to market MLM businesses at higher levels.
To market at a higher level
- One has to host house parties
- Team collaboration events
- Attending Trade fairs
- Using the social media platform to market at a higher level
- Constant touch with the co-sellers and buyers
How to choose the best MLM software
The following points kept in mind help one in choosing the best brand to boost one’s business.
Best MLM software said to possess the following features
- Easy to use
- Reliable in nature
- Accurate in design
- Flexible in nature
Malaysia MLM Software had the above qualities and customized according to user preferences.
Before setting out to choose MLM software for one’s business, one has to do some background research, the needs, wants of his/her business, and see if it fits into the budget level.
There is some MLM software, which provides out-of-the-box facilities. In order to have one of those, it is mandated that one has a look at all the software currently available in the market.