What is Party Plan MLM?
Party Plan MLM is a method adopted by marketers for promoting or marketing of products by arranging social events like a get-together, home based party or any function. During this occasion, the products will be displayed for sale. Hence, we can call this act as direct selling.
Party Plan Software or Home Party Plan Software is a web based application to manage, organize party, host, Guest and the sales report in the database, in order to run the business smoother and efficient.
Party Plan MLM is generally followed by women. usually, the products like cosmetics, kitchen utilities etc are preferred for Party Plan. Party Planning Business mainly focuses on single level marketing and multi-level marketing. Nowadays men also join in party plan. This plan mainly consists of multi-level compensation plans. Party plan companies call their Representatives by the name consultants.
Multi-level Compensation Plan allows the representatives to recruit other people to sell their product. Representatives are also called independent contractors. They get paid based on the orders they receive. These companies sell their products to retail customers. In the initial approach of this plan, there is less importance on MLM Compensation Plans.
Party opportunity is more focused on selling the product and the personal commission is based on the product sold. Party Plan companies have a complicated order entry system which consists of the following functions: Cash and checks from a single party, shipping to different Regions and payments are made through the credit cards, booking of the rewards, hostess rewards and multiple orders from various consumers.
How is Party Plan MLM organized?
A party starts when guests and hostess gathers. Based on the amount of the party sales, the hostess will get free or half- priced products. Customers can get their orders shipped directly. Combined party order can also be shipped to the consultant or hostess. When the party order comes, the representatives or owner have to prepare a separate order for distribution. It should be priced moderately so that the actual retail customers will purchase the products.
Nowadays, party plan MLM authorities use the internet to market new and repeated customers. Another method for selling is by providing the catalog during the party, 1 to 1 sales, fairs & shows. The majority of consultants like the products and feels that they are able to make some extra income by conducting parties or selling their products. Most people involved in their direct sales career to recruiting and to build. But others feel attached to the products. They usually view the social aspect of the parties as a fun or a better way to sell and recruit.
How Party plan companies sell their Product?
Party Plan companies sell the products with an experience incorporated with them.Generally, a party plan company chooses a Party Plan MLM Software.The duration of the party will be about 60-90 minutes. Presentations will be short. After that, time for sampling or viewing the products arrives. Normally refreshments are provided by the hostess.There are certain tips followed by the Party Plan Companies to increase their Product Selling Rates. Since Party Plan MLM mainly target on Women, the product chosen for selling should create an attraction towards women.For example, ornaments create much more Fascination than a sports product like Football, so that the selling rates can be increased to a great extent.Another reason for increasing the product selling Rates is just because of the ambiance created by the party and it gives a good exposure to the people, and their mind tends to buy some products.
Benefits of party plan MLM
- The benefit of party plan MLM is that the products can be earned free or in a half priced amount.
- Guest can order products by credit cards, cheque or by cash.
- Guests can also be encouraged to book their own parties by themselves.
- The more experienced consultant will always make the business opportunity with the help of presentation or discussion.
What is included in Party Plan MLM Software?
- Set up party
- My party portal
- Host management
- Guest management
- Register new member
- User account
- Release payout
- Purchase Products
- E-pin management
- E-wallet management
- SMS and much more …
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