Epixel MLM Software
on November 11, 2021
Direct selling is a booming industry that spread across the world with a large network of distributors. To achieve success in direct selling, it is the responsibility of the network marketing entrepreneur to manage every process efficiently. With the right platform and automation of features, the entire business can be managed in a single place with industry-standard compliance and advanced technology(https://www.epixelmlmsoftware.com/use-cases/business-management ).
One of the most tedious parts of running a network marketing business is scheduling and managing events. With so many details to remember and to keep track of, it's no wonder that even seasoned direct selling(https://en.wikipedia.org/wiki/Direct_selling ) entrepreneurs often find themselves scrambling just before an event date rolls around. Automating business events in a single platform where you can plan, schedule, host online training sessions, product launches, as well as one-on-one customer interactions.
There are many features that can be used to help network marketing entrepreneurs to provide a performance overview for their team. The key is deploying timely training sessions and tracking their performance before and after training. By setting deadlines, assigning teams, building achievable goals, and monitoring the progress of individuals and teams, it becomes easier to achieve organizational goals. Also, with pre-built action plans, distributors will know what tasks need to be completed.
One of the most important metrics for a direct selling company is its revenue. As such, understanding the factors that contribute to it can be critical in identifying which customers are more valuable than others and how much effort should be put into acquiring new ones. The three key dashboard metrics for this analysis are Customer LifeTime Value (CLTV)(https://www.forbes.com/sites/sap/2019/09/12/why-and-how-companies-should-calculate-customer-lifetime-value/ ), Customer Acquisition Cost (CAC), and Customer Growth. CLTV calculates the average contribution a customer makes during their tenure with your network marketing company.
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