Mastering E-Wallet Management in Multi-Level Marketing
from Epixel Podcast
Direct sales business has become a successful business model due to its distributors. It is essential for the companies to retain them with proper commission payouts in real time. Traditional commission payout system faces a lot of issues like low pay etc. So there comes the need of digital wallet systems. Companies who adopted this digital wallet strategy has already obtained a growth in distributor satisfaction and retention rates. Companies who are incorporating e-wallet should be integrated with company’s plans and distributors’ requirements. With micro commission arrangements, distributors are received every amount even if it is a small one. This make the distributors happy because they feel they are being valued for their effort even if it is a small one. By installing gamification features along with the e-wallet the distributors can receive special privileges. If a distributor reaches specific threshold value, they are getting special privilege such as advanced training, first looks at new products or higher commission. Other than these features, ewallet acts as an information provider for the direct sales business. By noticing the activities of distributors in the ewallet, the company can predict whether the distributor stay or leave. This is done through sophisticated mathematical calculations.
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