With the current resurgence of the coronavirus pandemic, working citizens are experiencing a financial crisis as multiple countries’ economies are taking a hit, making their financial status the lowest in years. Companies are forced to reduce the number of employees to keep their businesses afloat at the cost of paying their employees less than usual. Additionally, they are forced to let go some of their employees in order to generate as much income as possible to make ends meet. There is a business that even housewives can invest to generate a small amount of income and that is multi-level marketing.
Multi-level marketing, or MLM, is a marketing strategy that is used by some of the biggest companies that we know today such as Herbalife, Amway, Tupperware and Avon just to name a few. It is a business that involves these companies to recruit distributors to sell their products across the country. This helps to expand the awareness of their products and make certain products available in countries that have not been made available in the country. For big MLM companies like Amway and Tupperware, it is gonna be a hard time for them to keep track of so many distributors. This is where MLM softwares comes in, providing a quality of life change to these companies to work more efficiently and productively.
According to Digital.com, Ambassador is one of the cloud mlm software that MLM companies enjoy using. Aside from its services, this software provides a customizable widget and UI to allow the boss of the MLM companies to quickly identify their distributors in the blink of an eye. With the ability to try a demo of their software, newly established MLM companies are able to test it out before paying to have full access to their software’s features. Standing against Ambassador for the top spot is ARM MLM who offers similar services than Ambassador. However, it offers multiple languages to allow more MLM companies to use their software and eWallet accounts to allow distributors to gain income through the software. And finally, ByDesign falls slightly behind ARM MLM in Digital.com’s list. Aside from its similar functions to the others, it has its own mobile application to allow MLM companies to have access to their services anytime, anywhere. They also reward their users with free upgrades the longer they use their software.
Despite all of that, MLM businesses have been one of the most controversial topics among the businessmen as even legitimate MLM companies like Amway and Herbalife have been reported to use unethical business practices by working around a loophole in the code of conduct and have their distributors to pay a higher cost for registration than the usual price. Because of that, multiple groups are formed in social media platforms to educate more about the dangers of MLM. Because of their popularity, newly established MLM companies are suffering and could not generate as much attention and eventually, the MLM business will be put down for good.
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