As we have seen in our previous articles about Online Education, India is becoming IT hub in the world. IT industry in India is growing like never before. This growing IT industry in India is also affecting Indian MLM Industry in many ways.
( In case you haven’t read it yet, please click on links below and read these articles :
- 10 myths about Online Education & myth busters
- Online education industry analysis
- What is Online education – Let’s have a look
- How Online Education is changing MLM Industry ).
Online education has bright future in India and it is becoming essential part of Indian MLM Industry and it is changing MLM industry in India gradually. Many successful MLM companies are promoting Online Education product and companies which are emerging or about to start are preferring Online Education as a product instead of physical products or any other product. There are various reasons behind it, which we have already seen in our previous article How Online education is changing MLM Industry.
Basic needs of any MLM company :
We stated that in depth of any MLM company, There are 2 basic things which every MLM company needs to survive :
- Profit of company
- High distribution for attractive business plan.
Any MLM company can not survive without profit and to do a good business, company has to give good compensation by distributing good amount to its associates or members through their business plan. These basic needs of an MLM company can be satisfied by opting Online Education as a product. Besides this, there are many reasons why Online education is a must have product for MLM Company. Let’s dive a little into few of these reasons.
REASONS WHY ONLINE EDUCATION IS A MUST HAVE MLM PRODUCT :
1. High Demand :
Online Education is product of demand of today’s market. As we can see, Online education industry in India is growing with the growing IT sector and digitization in country. Students from different sectors have already started to prefer Online Education over traditional education. So clearly, Online Education product has a larger customer reach. MLM companies can have more prospects of Online Education product than any other product and they can sell it to more customers and increase their profit.
2. Low Investment :
Online Education is a product which is based on concept of virtual product. It means product will be available virtually instead of physically. In virtual products like Online Education, there is no need of producing it on quantity basis, so you won’t have to produce or purchase it again and again. All you have to do is, produce content or courses once, set up a system once as per your needs by investing money and once it set up, you can sell it to as much number of customers as you want. So you won’t have to keep investing money again and again by producing or purchasing product again and again.
3. More profit :
As said earlier, only investment any MLM company need in Online Education product is investment to develop product. Once it set up, they can sell it to as many customers or users as they want. So once initial investment is recovered there will not be more product cost for the product and MLM company will clearly have more profit. And now when company is doing more profit, it can provide good business plan to associates and increase trust in their associates and members which will inspire them to work more hard, and it will lead to more growth of associates and company as well.
4. Instantly available to customers :
Since Online Education is a virtual product, not physical product, there is no need to send it to customers through courier and customers won’t have to wait to receive the product. Customers can have it as soon as they sign up for it or purchase it. When trust is the biggest issue in MLM Industry, MLM company can build trust in it’s customers by providing them product instantly, as soon as they pay. Besides this, they can focus more on selling it to new customers than making it available to customers who already purchased it, which will save time and money as well.
5. Easily accessible :
Online education, as we know, is a virtual product, which is available on internet. Internet is available and easily accessible in every part of our country, in fact every part of the world. So users won’t have to wait to receive the product to use it unlike physical product. All they will have to do is start internet and open a website. Once they will do it, they will be able to use the product instantly. There won’t be any lengthy procedures or specific requirements to use the product. This way, users or customers will feel they received valuable product in return of the money they paid. And as it is easily accessible, they are likely to be using it more and more which will increase satisfaction in them and will create a good image for your company in market as well.
6. Suitable to latest market :
Today, as we already know, world is moving fast and shifting towards internet. People are opting things which can be done easily on internet instead of olden ways. In scenario like this, a product which is virtual and easily available and accessible on internet is likely to be preferred more by people of new generation and youngsters. This fact makes it possible for MLM company to widen its prospect list to youngsters and students as well. It means it gives MLM company an opportunity to build teams of enthusiastic youngsters who can work in more effective ways.
These are the reasons why every MLM company should have Online education in their product line.
In case we missed any reason or point, please let us know in comment section.
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