Whether you are planning to start a new business or area already owning one that follows the MLM business model, it is necessary to invest in reliable MLM software. MLM software has been created to assist brands that follow a multi-level marketing model, also known as the network marketing business model. All the topmost global enterprises use MLM software to simplify the process and keep track of the day to day updates. There is a myth that only famous and established brands can use MLM software due to the size and volume of the business. Many small scales and startup businesses feel it is not essential to invest in MLM software. There is also a misconception that MLM software is highly expensive to purchase and maintain. Be it the employees or the agents, they feel wary of using the software, thinking it is complex and confusing. Nothing can be farther than the truth. The Multi-Level Marketing Software offered by a well-known company in the market is cost-effective, affordable, and highly useful. It is easy to install and operate. The software reduces the amount of time the employees have to spend on performing recurring tasks. There are many reasons for an enterprise to invest in MLM software and make the most of it to expand the business.
Flexible, Scalable, and Extensible
MLM software is highly flexible. It can be used by any business, irrespective of the number of employees and agents associated with it. A startup MLM business can expand the software and continue to use it even as the business grows. There is no need to purchase another software solution.
Customization of MLM Software
MLM software can be customized to any extent. Businesses can change colours, themes, languages, navigation, layouts, and add logos, new features, and more. Customizing the software doesn’t adversely affect its performance. In fact, customization makes the software user-friendly and enhances its performance. Enterprises can decide whom to give access to the database so that the information stored will be secure and safe. Data encryption, data backup, and data compression are a part of the software.
Payment gateways, e-wallets, open-source eCommerce platforms, multicurrency modules, etc. can be integrated into the software. This helps in selling the products online, paying the commission to the agents, and accepting customer subscriptions. The multicurrency module will enable customers from different countries to make purchases in their local currency. The money will be converted and credited to the brand’s e-wallet. From the e-wallet, the money will be transferred to the bank account of the business at the end of the day.
MLM Compensation Plans
The compensation plan is an integral part of every MLM business. The network and marketing model depends on the compensation plan. The commission paid to the agents is automatically calculated based on the position of the agent in the network. Enterprises can choose any compensation plan though it is preferred to go with the one that is usually used by competitors in the existing market/ region.
MLM Website and User Accounts
Multi-Level Marketing Software can be used to create a business website and integrate it with the database. The website can be duplicated for each agent to use it to recruit more agents and sell products to customers. Individual user accounts for every agent make it easy for them to access their network status, their commissions, referrals, and more. Enterprises can use MLM software by installing it on-premises servers or by accessing it through the cloud. The company that offers the software also provides training for employees, cloud hosting services, and technical support to maintain the software.