In our previous article 6 reasons why Online education is a must have product in MLM, we have seen that there are 2 basic needs of any MLM company :
- Profit of a company
- High distribution for attractive business plan
To provide above 2 things as per target, most of MLM companies choose products and/ or services and some companies also look out their targeted market segment customers. The only option available to ensure this basic needs of any MLM company was physical products. So MLM companies are used to select physical products, which are cheap in price and low in quality. MLM companies are used to buy low price, low quality physical products in more quantity. So they can sell these products with high margin which earn MLM companies more profit. This is how MLM companies loosen quality in their product while trying to earn more profit and survive in market, which at the end effected their reputation and their business.
But now it’s not the same as it was. After the emergence of Virtual product concept, Online education is becoming more preferable solution for product,which ensures both of the basic needs of MLM companies. Besides this, some advance benefits of online education give reasons why online education is must have product in MLM and that’s why new age MLM companies are giving first priority to Online education product nowadays and becoming more successful in less time compared to old age companies.
It’s not late for existing MLM companies yet. Existing MLM companies can still enhance their existing MLM business by opting Online education product. Let’s see some ways how existing MLM businesses can enhance their businesses with online education product.
Ways to enhance existing MLM business with Online education:
- If existing MLM companies which are dealing in traditional physical products yet, they can prove to their customers that they are changing with time by opting Online education product as world is shifting towards internet for everything they need these days.
- If existing MLM companies are targeting specific group of people or people from specific professions for their product, they can widen their prospect list by opting Online education product as it is a product which is useful for people from all age group and any professional background.
- If existing MLM companies are investing money regularly in purchasing required quantity of physical products they are selling, they can save this money by opting Online education product as it is a product with only one time investment and can be sold to as many customers as they want without purchasing it separately for every customers.
- If existing MLM companies are facing issues in making customers’ products available to them due to shipment problems, they can solve this issue by opting this product as it will be available to them instantly on internet and doesn’t require any shipment process, which also will save money company investing in courier charges.
- If existing MLM companies are still dealing in old generation physical products, they can change this conventional way of business by selecting Online education product as Online education product is product of today’s generation, product of internet’s era which can be promoted effectively.
- If you are facing issues related to quality of physical product or service of any product you are selling, you can improve user satisfaction by providing them good quality Online education, which will satisfy them and they will feel you provided enough value in return of money they gave you to purchase your product.
It’s time for MLM companies which are still dealing in old generation MLM products to choose online education product and enhance their existing MLM business to keep achieving new level of success.
Have any confusion regarding points discussed above, or Don’t know how to start with Online education as a product in your company? Feel free to contact us from HERE, we will be happy to help you.