Many network marketing and multi-level marketing companies have adopted the party plan model. This involves hosting home-based parties and other social events where the products are displayed for sale.
Things have come a long way since the first “Stanley parties” in the 1930s and the iconic Tupperware parties that began in the 1940s. Today, direct sales and MLM businesses continue to thrive using the party model, but modern party plan software has taken things to a whole new level.
If you’re thinking about starting an MLM company, the software you choose can make or break your success. After all, your distributors have a lot of choices when it comes to deciding which company they’ll work for. If you make things convenient for them, not only will they likely stay with your company, but they’ll also be more inclined to invite their friends to join them.
What is MLM party plan software and how can it help your company succeed? Read on to learn more!
The Basics of MLM Parties
For those who aren’t already aware of how a direct sales or MLM home party works, we’ll quickly cover the basics. If you’re already familiar with this, feel free to skip ahead to the next section.
Generally, the host or hostess will invite a group of their friends over to their home for a social gathering. They’ll often provide snacks and drinks to help create a fun and laid-back environment.
In most cases, a selection of the products will be set up around the room for guests to check out. Once everyone is settled in, the direct sales or MLM representative (also called a consultant) will make a short presentation and demo some of the products. Guests will then have a chance to ask questions and sample the products.
The entire party usually lasts about 60 to 90 minutes.
Benefits of and MLM Party
Many representatives swear by these parties as the key to their network marketing success. The host or hostess has an incentive to invite guests and encourage sales since they will receive commissions in the form of free products.
Parties are also an excellent place to recruit new members to join your team or get guests to host parties of their own. You can incorporate a short presentation of the benefits of joining your company, and, often, several guests will encourage each other to join together.
While all this is great, network marketing software (party plan software) will take these benefits to a whole new level.
What is Party Plan Software?
Party plan software is a web-based program that helps track and organize everything you need to have incredibly successful MLM parties. They often allow you to easily run reports and track total sales and hostess commissions.
They’ll also make it easy to track multi-level compensation plans and ensure everyone is paid appropriately. The more you grow your network (which is the whole point!), the more valuable this feature becomes.
A good MLM software will also allow you to accept multiple forms of payment, ship to different regions, and process multiple orders in a variety of different ways.
Sometimes, the party hostess will have all the orders shipped to their home and then they will handle distributing them. Other times, each guest will want to have their orders shipped to them. This software makes it easy to accommodate both options.
There’s also a new trend for people to host “catalog parties” or online parties, which give guests the option of shopping for the products without attending the party or making purchases both before and after the party date. This is also facilitated by your party planning software.
Depending on the software you choose, it may also include benefits like electronic invitations, guest management, and even SMS text message reminders.
Your software can also help you manage your contact database, keep track of your stock and inventory, manage your party schedule, and more.
Why You Need Great MLM Software
In addition to the benefits already discussed, a great MLM software will give you comprehensive support 24-hours a day, 7 days a week, 365 days a year.
Many people get into the MLM business because they want personal and financial freedom. The last thing you want to do is get into something that requires you to be on the phone and dealing with problems at all hours of the day and night. A great software program will help you avoid this.
Other features you’ll want to look for when you’re shopping for MLM software include:
- Ability to sell in multiple countries and process transactions in multiple currencies
- Capability to process a wide variety of compensation plans
- A comprehensive bonus system
- Replicated websites
- Back office services
- AutoShip features
- Shopping cart capabilities
- Commission tracking
- Communication tools (calendar, newsletter distribution, FAQ systems, etc.)
- Payment system management (accept multiple credit cards, ACH gateways, etc.)
It’s also a great idea to take any program you’re considering for a “test drive” before you commit. This way, you can confirm that it works as expected and covers all of your company’s specific needs.
Take Your MLM to The Next Level!
Many of the most successful network marketing companies use Multisoft software programs to take their businesses to the next level. Party plan software is just one small part of the equation. Learn more about our comprehensive MLM Software solutions and request your free trial today!
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