Multi-Level Marketing Software
The term multi-level marketing or MLM refers to a form of marketing where commissions are paid to salespeople based on their level within a genealogical structure. Let's say a person registers with a company as a salesperson. They are referred to as the top of a company-sponsored line. If this person recruits salespeople of their own, these people will be referred to as their level one recruits. If these level one people recruit salespeople they will be referred to as level two recruits and so on.
When sales are made, the company-sponsored salesperson will receive a commission from their salespeople on their various levels. This mechanism is where multi-level marketing gets its name.
Just as with the other direct selling disciplines, multi-level marketing teams can grow at an extraordinary rate. Tracking the commissions is impossible without powerful enterprise-level multi-level marketing software. NetReady is the MLM management system that you need to manage your team and calculate commissions.
Network Marketing Management Software
Network marketing refers to sales of products and services via a network of self-motivated, self-funding and independent salespeople. Network Marketing is also referred to as MLM or Multi-Level Marketing. The power of Network Marketing is undeniable with the top companies achieving in excess of $1B in annual turnover.
For over a hundred hears, Network Marketing has been providing motivated people with a living wage and has been helping companies bootstrap their business. It is one of the most effective and accessible mechanisms for wide distribution of products or services.
To control a network of any size requires powerful network marketing software. The NetReady Network Marketing management system is the ultimate software for managing your business.
Party Plan Sales Software
Party Plan selling is a version of Multi-Level Marketing and Network Marketing. The main difference is in commission structures and the method of selling the product.
The commission is typically quite flat with a strong traditional sales structure. National Manager, Regional Leader, Team Leader and Sales Person with each person in the chain receiving a commission of the sales within their purview.
With Party Plan selling, the salesperson gathers a group of people into a room and demonstrates the product to them. This is called a sales party. The participants (customers) then place an order with the salesperson and the order who ultimately fulfils the order.
It is worth noting that some of the most stable direct selling business in the world is a Party Plan businesses.
There are many nuances to party plan selling and NetReady Party Plan Management Software provides all the power you need to run a party plan sales organisation of any size.
Direct Selling Management Software
Direct selling, also known as direct sales, is a mechanism whereby a person joins a business with the express purpose of selling their products for a commission. The commission is normally structured in such a way as to encourage large volumes of personal sales. There is traditionally a base retail commission and then a tiered volume bonus.
Direct selling works particularly for high ticket items with lower closing rates. An example of a direct sales product would be a high-end vacuum cleaner. The demonstrations take a long time and the price results in a low closing ration. The commission per sales, however, is high enough to keep the salespeople selling.
To run a Direct Selling business requires robust IT systems. NetReady Direct Selling Management Software provides everything you need to track every aspect of your direct selling team.