Epixel Podcast

Marketing is an important part of any business. Why is it said so? It is important for your business to make people aware about your product to enhance your business. Entrepreneurs always keep up with the ongoing trends to stay ahead in the market. Affiliate marketing is one type of marketing method which can promote products and earn commissions. Through this you can increase your brand presence. In Multi Level marketing, products are distributed through independent distributors. By combining these together, you can generate an income and also enhance your brand presence. https://www.epixelmlmsoftware.com/affiliate-mlm-pluginThe MLM and affiliate plugin comes up with innovative features such as MLM sales tracking, unlimited affiliate tracking, genealogy tree, automated commission processing, social affiliation management, etc. E-commerce allows people to purchase from anywhere, anytime. By using the plugin in popular platforms such as WordPress, WooCommerce , Drupal, Magento, OpenCart, etc you can increase customer acquisition for your ecommerce business.Know more about WooCommerce: https://en.wikipedia.org/wiki/WooCommerceSince MLM is a business model that works on the basis of compensation plans such as binary plan, unilevel plan, monoline plan, etc,. Check out to know more about multilevel marketing: https://www.investopedia.com/terms/m/multi-level-marketing.aspTools such as replicated websites, payout compression, reward management, multi wallet system and downline affiliate tracker help you to increase your customers.Commissions are earned by the distributors based on the plan chosen by the company. Know about commissions: https://en.wikipedia.org/wiki/Commission_(remuneration)

The consumer demand for wellness products has increased, which is expected to drive the global health and wellness industry. The market growth is in part due to individuals who are concerned about their personal health and well-being, leading to an increase in weight management programs. In order to develop your products as effectively as possible you should use powerful software. MLM and direct selling software for health and wellness will ensure hassle-free automation for your business.Read more here: https://www.epixelmlmsoftware.com/direct-sales-software-health-wellness Epixel MLM platform supports every business in the health and wellness industry. By incorporating direct selling, it will reach more customers.Know more about direct selling: https://www.thebalancesmb.com/what-is-direct-selling-1794391 Multiple language options are provided by our software that helps to reach a wider audience. The software supports all types of health and wellness industry products such as Fitness products, Food supplements, Health journals, Medicines, Spa products, Health clinic services, Health kit supply, etc. Intelligent and conventional promotional tools like replicated websites, lead capture page etc to attract more prospects. Internationalization tools that help to expand and manage your health and wellness business. An e-commerce solution allows you to meet more sales goals with innovative tools.Read more about e-commerce: https://en.wikipedia.org/wiki/E-commerce A customer relationship management (CRM) system can also be used to manage your e-commerce businesses. Know more about CRM: https://www.epixelmlmsoftware.com/blog/100-mlm-statistics-2019

There are many people who have a wrong perception of MLM. The truth is that the MLM business model has been adopted by many countries and these strategies offer people to earn handsome income. Before stepping into the network marketing industry, it is important to have knowledge about important MLM statistics.Explore more MLM statistics here: https://www.epixelmlmsoftware.com/blog/100-mlm-statistics-2019 The multilevel marketing statistics can be categorized into five different stats such as company stats, distributor stats, product stats, consumer stats, and entrepreneur stats. One should be aware of each of these stats if one wants to achieve success in this industry. As we said earlier, multilevel marketing is a strategy adopted by many countries lets see how well it is expanded. Know more about multilevel marketing here: https://en.wikipedia.org/wiki/Multi-level_marketing In recent years, the USA has generated annual revenue of $35.2 billion marking the top position in the multi-level marketing industry. China stands in the 2nd position with a revenue of $23.2 billion. If we take a look through the top 100 direct selling companies, 53% of companies belong to the US. The top MLM company, Amway has generated an annual income of $8.5 billion in 2020. A recent study shows that 1 out of 5 homes in the US uses Amway products. Know more about Amway here: https://en.wikipedia.org/wiki/Amway MLM is a network of distributors and the success of the direct selling industry mainly depends on the distributors. About 63% of participants join the network marketing industry and about 25% of people are earning a profit through it. The main aim of an MLM is to market the products. Many people often confuse MLM to be a pyramid scheme but MLM is not a pyramid scheme. For more detailed information, visit: https://www.thebalancesmb.com/is-it-multilevel-marketing-or-a-pyramid-scheme-2947159 A recent study shows that 35.6% of sales are contributed by wellness products, 31.5% of annual sales are contributed by personal care products and cosmetics. 11.5% of sales are from household goods and durables etc. You can find a lot more interesting stats that would help you to run a successful direct selling business.

In order to be successful in your direct selling business, you need effective training tools that can help you grow and stay competitive. With the right strategies, skills and resources at hand, you will be able to make more sales and earn higher commissions. There are a number of top network marketing training tools that can get you started with your business or help improve your existing strategy. Know more about network marketing training tools here: https://www.epixelmlmsoftware.com/blog/top5-network-marketing-training-tools While Multi-level marketing (MLM) and network marketing companies concentrate more on their sales and marketing, they ignore making their workforce ready for the challenges ahead in a fast changing digital world. If the distributors don't have a particular skill, you can lose business over it. Read more about multilevel marketing here: https://en.wikipedia.org/wiki/Multi-level_marketing Epixel MLM System is providing top five network marketing training tools to increase the productivity of your distributor personnel. They are Business administrator tools, Learning management system, Assessment tools, Reporting tools, and Mobile learning tools. Business Administrator Tools: It enables your admin team to configure the settings of the training platforms as per your requirements. Learning Management System (LMS): Without an LMS, you cannot host your web-based/eLearning courses planned for your workforce. An LMS tool helps you to properly Business Administrator Toolsarrange and manage training, assign courses to your workforce after identifying their learning needs, track their learning progress, monitor their goals and training completions. Know more about LMS system: https://en.wikipedia.org/wiki/Learning_management_system Assessment Tools: These tools help you to continuosly assess your learning to understand if the training program was successful or not. Reporting Tools: These tools will make your distributors proactive as they can use the insights from the reports generated based on multiple attributes. Mobile Learning Tools: These tools help all the learners to opt their own learning method at their own convenience. To know more about mobile learning, visit: https://en.wikipedia.org/wiki/M-learning

The direct selling industry has understood, long ago, how the business is boomed by the art of giving. Being able to think from a layman's point of view has earned them their immensely large customer base. Over the years, direct selling has excelled in selling products and services to customers and educating them into taking the role of distributors. Their marketing strategies have always evolved towards prioritizing the customers' satisfaction. Direct selling companies always listen to their customers; their experiences, expectations, and feedback. The Direct Selling News(DSN) recently conducted a study under their CCR(Customer-Centric Recognition) program, to promote customer-centricity in the direct selling industry (https://www.epixelmlmsoftware.com/blog/dsn-ccr-companies). This program recognized the approach that direct selling companies had taken towards achieving a better customer-distributor ratio and classified them into two lists namely, Platinum and Gold. The Platinum List of companies includes ACN, Bhip Global, It Works!, Nu Skin, Kynect, Scentsy, Le-Vel, and Usborne. These companies qualified for the list as they had a minimum of 10 customers under one distributor. For companies to qualify under the Gold List, they are required to have 5-10 customers under one distributor. These companies are MONAT GLOBAL, Neora, Perfectly Posh, and Total Life Changes. (https://www.directsellingnews.com/achievements/ccr-program/) These companies have put an enormous effort into delivering the best experience to their customers in terms of quality of products/services, customer privacy (https://en.wikipedia.org/wiki/Consumer_privacy), business campaigns, transparency, digital infrastructure, compensation plans, range of products, marketing network, etc. Direct selling continues to emerge with brilliant marketing strategies, to serve the customers and to empower the distributors.

Hi Folks! Engaging your distributors is the key to success in any direct selling business. You need their participation and commitment to reach your goals. Wondering how to engage your distributors? There are many ways that you can improve the participation of your distributors (https://www.epixelmlmsoftware.com/blog/top-ways-to-distributor-engagement).This podcast will explore some ideas for improving distributor engagement in your direct selling business. Train your distributors with personalized programmes so as to develop their personal traits that are useful to the business.Deliver educational resources at an ideal pace so that they can digest the information effectively. Gamify the training process (https://en.wikipedia.org/wiki/Gamification) with daily challenges, quizzes, and rewards. This helps distributors to stay excited about the business. As a distributor gets used to the strategies in direct selling, it is important to monitor their progress and recognize their achievements. Appreciation makes them feel included and motivated. Highlight their achievements on the organizational dashboard (https://en.wikipedia.org/wiki/Dashboard_(business)) of your software platform. This earns them praise from their co-workers. Sponsors should act as mentors towards their downlines. Distributors can learn a lot from the experience and expertise of their sponsors. Sponsor-led training sessions can be very engaging and inspiring. Sponsors must be readily available for the distributors at the time of their needs. Sponsors shall establish seamless communications with their downlines. Develop a company culture that encourages feedback and interaction with employees at all levels, which will lead to higher morale and increased productivity. It's important to remember that each distributor has different needs and expectations so it's up to you as to create an environment where they can be engaged and successful.

As much as it is important to build a team, it is important to motivate the members occasionally to build energy and better productivity. It is one of strategies for creating a successful team (https://www.epixelmlmsoftware.com/blog/team-building-tips-direct-selling). Appreciating and acknowledging them for each of their efforts and contributions could make a world of difference to boost their self-image and their relationship with the direct selling organization. This could not only be for their achievements at the workplace but also for their personal accomplishments too. Capitalizing on your distributors' interests is a vital thing to do as a direct selling entrepreneur. Gifting them occasionally in suitable situations would bring them closer to the brand. This could also nullify any friction that would have been caused and could cause in the future. Ensuring smooth functioning of your distributor relationships would in the long run improve the brand credibility (https://www.entrepreneur.com/article/279937) too. Now lets us look at different ways to celebrate the team's success Displaying top achievers on your organizational dashboard (https://en.wikipedia.org/wiki/Dashboard_(business)) is one way to acknowledge your team's efforts.Showcase their accomplishments and creative leaderboards to motivate teams.Wish them on their special days and other personal achievements. Online and offline team-building activities to encourage new team members to get acquainted with the rest of the team.Keeping everyone informed about team activities through live activity feeds on the platform. A team is an inevitable part of direct selling business and hence, every organization should have strategies in place to build a team that will eventually help the brand grow.

Technology is making great advancements in all fields and it has made a remarkable change in the payment systems. The traditional payment system has many disadvantages which paved the way for the emergence of cryptocurrencies. The major advantages such as faster payments, secure transactions, low transaction fees, etc make it more effective and let the business entrepreneurs consider cryptocurrencies as a payment option. Thus by the time these cryptocurrencies have gained wide recognition and made it one of the best choices for transactions. Cryptocurrencies work in blockchain technology so one can assure secure transactions. There is no central authority and third parties and it has its own way to keep the transaction histories safe. For more information visit: https://www.epixelmlmsoftware.com/cryptocurrency-mlm-softwareIntegrating top-notch technologies and innovative ideas, Epixel MLM Software stands unique and marked top position in the MLM industry. All these advanced features are integrated with Epixel Cryptocurrency MLM software also. Cryptocurrencies with direct selling programs are even more popular. It will have the benefits of both cryptocurrencies and direct selling programs. Epixel Cryptocurrency MLM software introduces additional features such as live cryptocurrency analysis, payout compression, internationalization tools, sales trackers, spilling preference tools, multi-wallet integration. Apart from this, it supports all kinds of altcoins such as Ethereum, Tether, XRP, etc.To know more about altcoins visit: https://en.wikipedia.org/wiki/List_of_cryptocurrenciesEpixel Cryptocurrency MLM software proposes an advanced platform with all premium features and provides customers customizable solutions. Along with that it also supports additional member management tools to keep a track of customers, configure the commission payout, comparing present commissions with previous data, etc to take proactive decisions for future growth.Visit the link to know more about cryptocurrency:https://en.wikipedia.org/wiki/Cryptocurrency

Multi-level marketing (MLM) provides everyone an opportunity to earn money either as a full-time income or as a supplemental income. If you are preparing to enter into the MLM industry as a direct seller or consultant, you should be aware of the compensation plans that offer you the best returns to your efforts. Know more about multilevel marketing:: https://en.wikipedia.org/wiki/Multi-level_marketingEpixel gives you some useful insights into the different compensation packages we offer before you can pick your plan. We apprise you of the different types of compensation plans, what they offer, how are they different from each other, what are the tools and features of each plan, important MLM laws to follow, how to calculate your compensation, etc.Read more here: https://www.epixelmlmsoftware.com/mlm-plansMany companies around the world follow different compensation plans for their network marketing business. While choosing a plan, you should ensure that it is best suited for your business needs.Read more about network marketing: https://www.thebalancesmb.com/the-network-marketing-business-model-is-it-right-for-you-3515493Epixel can make the decision-making process easier for you with our best MLM compensation plan offers. The top 8 MLM compensation plans Epixel have for its customers are: Binary MLM plan, Unilevel MLM plan, Matrix MLM plan, Stairstep Breakaway MLM plan, Party MLM plan, Board MLM plan, Generation MLM plan, and Monoline MLM plan.Compensation is an important part of the MLM business. They are rewards, which are handed over as commissions or bonuses, for a sale from Personal Sales Volume (PSV) or Group Sales Volume (GSV). You get your commission based on PSV and bonus based on GSV. These are complex business processes to track. But using the Epixel MLM software with the best compensation plans it offers helps you overcome these hurdles with ease.To know more about commissions visit: https://en.wikipedia.org/wiki/Commission_(remuneration)

An MLM business will have customers all over the world and it is inevitable for MLM software to have a strong and reliable online payment method. The usage of bitcoin and cryptocurrency is becoming mainstream in the new age online transactions. Since it offers fast, reliable, and low-fee global transactions, cryptocurrency payments are more recommended over fiat currencies. As such, Epixel has focused on integrating Bitcoin and Cryptocurrency into the payment gateway of MLM software to successfully run the network marketing business. For more detailed information visit: https://www.epixelmlmsoftware.com/bitcoin-mlm-softwareEpixel always delivers future-ready platforms for your MLM business. One such platform is Epixel Bitcoin MLM Software. It is designed and engineered for creative entrepreneurs who wish to do business across the globe. Epixel’s advanced back-office system supports bitcoin transactions in the most easiest and secure way. Apart from integrating bitcoin into the payment gateway, our advanced MLM software provides a platform to market your coin with members in your network. The bitcoin integrated MLM software delivers many advantages to the customers such as lesser fraud risk, faster transactions, more options for payment apart from fiat currencies, immunity from currency fluctuations, low processing fees and much more. We also provide enterprise blockchain development, smart contract development, multivendor e-commerce platforms, and learning management systems with industry-leading technologies and innovations.To know more about smart contracts visit: https://en.wikipedia.org/wiki/Smart_contractNot just bitcoin integration, Epixel Bitcoin MLM Software has all the premium tools and features for taking your MLM business to the next level. Data-driven intelligence tools, distributor engagement tools, intelligent promotional tools, business intelligence tools, internationalization tools, KPI ( Key Performance Indicator ) analyzer tools, etc are some of them.To know more about cryptocurrency visit: https://en.wikipedia.org/wiki/Cryptocurrency

The ever-evolving technology has a big impact on day-to-day activities. The latest technology that is being adopted by everyone in the cryptocurrency. As the number of people using it started to grow, there is a need for a common platform to buy and sell these digital currencies. The experienced blockchain developers at Epixel offer a complete solution for this by providing the most advanced and stable cryptocurrency exchange platform that serves as an intermediate between those who wish to buy or sell cryptocurrency. Take advantage of our enterprise-level software to start your own cryptocurrency exchange. Epixel Cryptocurrency Exchange Software also provides help to buy and sell cryptocurrency using different fiat currencies. For more detailed information visit: https://www.epixelmlmsoftware.com/cryptocurrency-exchange-softwareEpixel builds the exchange platform using the most sophisticated technologies thereby providing maximum security and scalability. The highly customizable and flexible nature of our software helps users to incorporate all their business requirements. The exchange platform offers multi-user exchanges for a single period of time even without any fractional delays.To understand more about the blockchain technology visit: https://en.wikipedia.org/wiki/BlockchainEpixel supports multi-language in the systems thereby helping to achieve a global status for your business. A complete AI power bot system is included, which will maximize the technological abilities of the platform. Epixel’s exchange platform is built to support Bitcoin, Bitcoin Cash, Litecoin, Ethereum, XRP, HCX, and ERC20 tokens and major world fiat currencies such as USD, Euro, etc. Epixel supports an in-built wallet that can reduce risks that existed between the trade and fund transfer and also bring more value to the brand. Other key features include KYC, Real-time market tracker, attractive user interface, and much more.To understand more about e-wallet visit: https://en.wikipedia.org/wiki/Digital_wallet

With the global economy going fast-paced towards digital transformation, it is inevitable for every sector to accept this change. Digital transformation has boosted the digital transaction of money and the new promising addition to the digital payment sector is cryptocurrency. We at Epixel help to create your own cryptocurrency that will enable you and your users to trade them as utility tokens or security tokens. For more detailed information visit: Our experienced blockchain professionals use cutting edge technologies to build the most secure cryptocurrencies as per customers requirements. Our cryptocurrency development service includes Cryptocurrency Coin Creation, Cryptocurrency Mining Service, Bitcoin Software Development, Blockchain Development, Exchange Software Development, Wallet Development, ICO Development and ICO marketing.To understand more about the ICO visit: https://en.wikipedia.org/wiki/Initial_coin_offeringEpixel provides advanced wallet development services for mobile as well as web. With the help of these digital wallets, users can earn, monitor, and transfer digital currencies. The Initial Coin Development (ICO) helps startups to raise funds by exchanging cryptocurrencies with fiat or other cryptocurrencies. Epixel also provides effective marketing campaigns for your ICO with our advanced promotional tools. It is necessary to check and upload cryptocurrency transactions into the public ledger. As it is an important and time-consuming task, our cryptocurrency development professional offers mining services with utmost perfection. Epixel provides cryptocurrency development in all major platforms such as Bitcoin, Ethereum, Dogecoin, Litecoin, and much more. The cryptocurrency development includes processes such as Whitepaper creation, Dashboard setup, ICO development and marketing, Initial coin offering to all, Wallet setup, Coin drop. The team of experienced professionals in Epixel executes each stage flawlessly and with perfection.To understand more about the Cryptocurrency exchange visit: https://en.wikipedia.org/wiki/Cryptocurrency_exchange

Planning and preparing a top notch MLM compensation plan is always an intellectual task and needs a higher level of computation. The top MLM plan consultants always create unique, attractive and profitable MLM business plans. The MLM plans should appeal to the members and the top leaders and ensure highest motivation and retainership. Read more about network marketing: Epixel MLM calculator is capable of computing payout for different levels and different depths also provides the simulation option for the binary, unilevel and matrix plans. The unilevel matching bonus, binary bonus, and matrix bonus all these general compensation plans are included out-of-the-box. MLM calculator helps to understand the maximum payout and business profitability. Different percentages and levels can be configured to optimize the compensation plan.Epixel MLM Calculator supports multi currency and detailed graphical reports for better understanding. Capping can be applied for individual compensation or for multiple compensations together. You can simulate the best and worst scenarios to optimize the compensation plan and ensure long term business stability. Epixel MLM plan calculator is popular among top MLM plan consultants. We always improved the features and more reporting based on the feedback and advice from top consultants. Epixel also provided customized MLM simulators for unique compensation plans. To know more about Epixel MLM Plan calculator: https://www.epixelmlmsoftware.com/mlm-calculator

A technical contract or a set of rules declared during the initial period for every function in the digital format. After completing some valuable projects based on smart contracts, Epixel Solutions open up the world of smart contracts for you. Let us make this clearer - it’s a computer protocol enforced in the coding part to satisfy the required conditions. The blockchain platform is used to set all these conditions, and here we're providing with comprehensive guidelines about the smart contract.The conflicts are avoided within the network using such an efficient idea developed back in 1996 when Nick Szabo came up with such a revolutionized idea! During the initial stages, it was just a basic concept proposed by him. Later on, a well-maintained system is developed and then implemented with the necessary modifications.How does a Smart contract work?Let’s narrate about smart contracts with an example, and you’ll get proper knowledge of it.Suppose you’re going to sell a plot, and you have many expectations about your buyer like,You would like to sell the plot (say 2 acres), and you have an expected price in your mind.Many buyers approach you and negotiation is always a concern.You can’t just bargain everyone one after other and it’s a headache!Taxes, land clearance, and other rules come in between as legal norms.The purpose of buying might be your concern.Likewise, many factors arise during this period of time, and you need to go through these each and every time.If these all things are working or connected through blockchain then, 'smart contract' comes in handy! It can resolve all these complexities easily and make everything simple. With smart contracts, one can easily set the conditions, and if it is satisfied, you're good to go!You can potentially implement such conditions in a smart contract, and with special conditions, you can make sure of everything. Say like, the right buyer, the right price, the right purpose, etc. Here, you can provide the negotiable range and if it matches the expectation - the plot is sold!Here are a comparative infographic depicted for your best concern.Blockchain technology helped to create a great awareness and we’ll give you brief information about it too. Obviously, you know what blockchain is, it’s a distributed ledger system that stores data and is available within the network. It is developed with the complex algorithm and can be made private or public! This technology has created a great impact in the beginning period itself and the smart contract is one of its feature or defining rules for a service/application.Have you got the basic difference now? Normally, the working structure is too complex and with smart contracts, everything gets an easy touch. Take a look at some advantages of using smart contracts,Advantages/Benefits of using smart contractsSimple and well-organizedYou can add a set of conditions, and every time a new buyer comes in, it'll automatically check these conditions.A trust deal is what the world needs and you can easily earn it.The contract is open for everyone in the network and you may call it – “transparent network”.Timestamp functionality is used to set all the functionalities like negotiationA cost-effective approach is maintained hereAccurate and reliable source of contract etc.These advantages keep your requirements satisfy easily!The paper and digital contracts involve a third-person and there is a possibility for a conflict here. This situation is also avoided with the introduction of smart contracts.The applicability of the smart contracts varies from service to service. This service range from,ICO servicesToken salesTransactionDApp development etc.In fact, every service where “if else conditions” comes in, follows a smart contract for best results. Let’s explain that part too – for ICO services, the smart contract is used by including various stages of token sales. Well, these stages are provided in the smart contract in a custom manner, and it varies as per the needs and requirements.Say, like in token sales/ICO event, there may be many stages like private sales, public sales, Airdrop, Pre-sales, Post-sales, etc. And for each of these stages, certain conditions are set using the smart contract. Of all the tokens developed by the organization in the private toke sales, only a 10% may be available for sale. Such limitations can be set using the smart contract. Other factors like how long the event will be available for sales, bonus with certain conditions, etc. The variable function is used to implement the timeframe part."If else" condition is applicable here in the smart contract, say like - if the desired sales aren't closed in the right time, you can provide an else condition in the smart contract. It defines what happens next, what is the alternative, will the sales time extend and similar conditions. Complete detail of the project is available within the smart contract and is transparent in nature (public).Applications of smart contract in real worldWell, we have discussed the applicability in services part but not that in the real world! Let’s see the field of applications,Financial institutionsInsurance sectorSupply chain managementMortar/property sectorTransportation/shipping segmentAn easy flow of business is the result of such an innovative adaptation in the real world. Blockchain technology connects everything together and smart contract plays a vital role.With the implementation of smart contracts in the real world, there is no need for any third party involvement. A direct set of results can be derived from this service, and this involves global participation - So, the distance never matters here!Security measures are followed strictly in the blockchain system. Various security layers are used to offer such a sharp shield effect. Hence the information cannot be easily threatened by outside sources.The world is digitizing and so is the real-life situation. Incorporating these special features into the real-life experiences make things simple and accurate. Smart contract comes in handy and makes blockchain popular to implement.So, the smart contracts are going to have its impact on the future as well as the present time. Technology is going to push the limits and sooner or later the impact is going to see on the current system.

The real world is too restricted with drawbacks of the existing system and with constant research; people try to move on to find a better one. Back in 2009, the most innovative technology - “blockchain”, alongside with Bitcoin, a digital currency became the best combo in the ledger world. With extensive knowledge and work experience in this technology, Epixel MLM Software have prepared an article about blockchain technology. Let me make it easier with the current system.Savannah is horse-person, and she loves to go out and watch horse races. Now that she is interested in betting, she strongly believes that the horse she is betting on will win the race for sure. She wants to place a bet for a certain amount with her dearest friend Ann and that too with a big amount. The bet is on and she won it comfortably. Now that, Savannah has won the bet, she is asking for the betting amount to Ann and Ann refuses to give it. She says that she never even made such a bet with Savannah. At last a third person comes in and tries to settle down it by asking an equal amount of money from the two and promises that the money goes for the winner after a small interaction.Savannah waits for the winning money and the third person never even showed up. Guess what, they both lost the money. The same scenario might happen in the real world.With proper ledger and contracts, these fraudulent activities can be minimized and make it into immutable records with high transparency. Let’s enter into the ledger world, and explore all the necessary aspects covered in the blockchain technology.What is blockchain technology?Blockchain technology is a distributive ledger system used mostly to validate a transaction and process it with at most security. What exactly does validation stand for in this scenario? A ledger system stores all the transactions in the network and with blockchain concept, all the transactions are found meaningful by making sure there ain’t any misrepresentation happened.Important terms in blockchain technology!Digital wallet: Digital wallet a software program from which sending and receiving of a cryptocurrency is carried out.Ledger: A digital record which contains all the transactions in the blockchain network open and is transparent in nature.Nodes: Computers connected across the world to validate each and every transaction in the blockchain network.Public key: It’s a cryptographic code used to receive Bitcoin from the network and is derived while creating a private key.Private Key: A special key which gives a Bitcoin user to send it to others and it’s only accessible to the wallet holder.Blockchain technology is well the best way to overcome all the drawbacks of the present system and give a perfect solution. The simple definition can be depicted as below,From the above pictorial representation, it’s pretty much clear how the blockchain manages to work in the transaction side. A block contains many such transactions and then adds up in the blockchain network. We shall check this from the initial point of the transaction period.What is the blockchain transaction?Let’s continue this article with the betting guys itself.Savannah wants to send 2 BTC to Anna, and basically a digital wallet stores this Bitcoin safely. Technically, Bitcoin comes with a private key which allows Bitcoin owner to send and receive Bitcoins. It’s not exactly a storage part, in fact, it’s more than that – sending & receiving etc. are done using this wallet.Let's come back to where we left before when a transaction request is initialized, the first step is to check whether the wallet has the required amount of Bitcoin or not. Then the node system comes in, a ledger is connected to many computers with high-end configurations and computing power. They are called “nodes” and are spread out across the world. These nodes are used to validate from initial point to completion of a transaction. Every transaction is done via connected blockchain network, and nodes validate it.As Savannah needs to send 2BTC to Anna, the following process kick starts.Nodes need to make sure whether Savannah holds enough amount in the wallet.While checking the balance of your wallet, all the previous transaction history is taken into consideration using the inputs as the reference(we will point out it in the coming sections of this article).Check whether the source of the transaction is from Savannah’s wallet or not.If these parts are okay, nodes approve the transaction request, and the transaction request will be accepted.After the transaction, again nodes check for confirmation – whether Savannah’s wallet is debited by 2 BTC and Anna’s wallet is credited with equal BTC value, i.e., 2 BTC.This is the simplest version or explanation of a Bitcoin transaction process.Now that you know the non-technical side, the one question that might be disturbing you is – how exactly is blockchain technology different from that of financial institution structure?Basically, financial institution/bank is a centralized system where transaction history is private in nature i.e. a team will be there to control, and the transactions are not available for public reference. Meanwhile, in the blockchain network, all the transactions are open to public, and everyone can access this information. And there is no centralized team to check these process or complaint if any errors occurred. However, one cannot alter this data without the approval of connected network.You may call it as a risk part to bear – no customer support team to help you or assist you if something went wrong and the reason is that the system is open source in nature. The contributions came from many developers across the globe and it’s important for you to understand the technical side too.How does blockchain verification work and how do you build a blockchain?Now that you’ve got the basic ideas right, let’s move on, and understand the technical side now.Beginning with the technical side, let me introduce you with two terms – “private and public key”.Once the transaction is initialized, these keys are automatically generated. A unique pair of keys will be generated each time and as told before the private key makes the transaction with a unique id. A public key is generated alongside with a private key and this private key is used to make the transaction.The public key is encrypted and available with the paired private key. While Savannah sends 2BTC, the private key will be generated and is used to send the Bitcoin. As the private key is not disclosed to the network, only she has the authority to send the Bitcoins from the wallet. As told before nodes will validate this transaction request checking whether it comes from Savannah or not etc. And this is done by decrypting the message of the public key.Once a private key is generated for the transaction, a digital signature will also be generated and validates the source and the authenticity of a transaction. A digital signature is thus created for each and every single transaction in the blockchain. It’s like a string of data and unique for every transaction, henceforth this cannot be altered by anyone else.In simple words, a combination of private key and the transaction request forms a unique digital signature. And then, broadcasted to every node in the blockchain network. The validation is now carried out using the digital signature and the public key, finally, the transaction gets completed and the ledger is updated with the transaction.In short, every transaction is stored in the ledger after validating. How the nodes validate a transaction and what exactly is happening out there? Let’s see that part here.Mining: A problem to solve!Mining is an important term in blockchain and Bitcoins are earned using this technical process. Usually, when a transaction is initialized and broadcasted, the final step to confirmation is “validation”. And this validation is done via the mining process and until then, the transaction will be labeled under “unconfirmed transaction pool”. A transaction moves to the confirmation table only after a miner completes the validation part.Basically, a mathematical problem is generated during the initial point of transaction request itself. And using a special hashing algorithm a miner resolves this special problem and to be honest it’s ain’t that simple! So, during the mining period, the nodes choose a particular transaction from the unconfirmed pool and then validate it. The same process repeats every time for validating the transactions in the blockchain network. For every validation process, the so generated mathematical problem differs. It’s vital because if every input (code used for mathematical problem) is the same then, one can easily expect or predict the corresponding output. A 256-bit address is generated and it’ll be in the hexadecimal (0-9 or A-F) form, a particular number of bits are then hashed to result in the form of 0’s (nonce). Once this is achieved then, the problem is said to be solved!Let me make it simple, a hash may look like “8F434346648F6B96DF89DDA901C5176B10A6D83961DD3C1AC88B59B2DC327AA4” and so, the problem will be to solve the trailing 15-bit from this hash address. With nonce, a 32-bit field value, adjusted to find the matching of hash is used and the trailing 15-bits are solved as 0’s. i.e., “88B59B2DC327AA4” is the part to solve in this hash address and it takes time to solve complete 15-bit length. And the end it looks like “8F434346648F6B96DF89DDA901C5176B10A6D83961DD3C1AC000000000000000”. This is the final solution and once achieved it will be broadcasted to other nodes.The other connected nodes validate this and if found correct, then the problem is said to be solved. Now a block will be added in the blockchain and miner, the one who solved the problem gets the reward in terms of Bitcoin. The algorithm used for this mining process is known to be “Proof of work” and this process is termed as “mining”.The hashing algorithm so developed is based on SHA-256 and this generates a cryptographic hash of that string.The so-added blocks are connected to each other, one after the other and a block contains not just the present transactions but also the previous ones too. The block will look like,Thus, each block is connected to other blocks.The rewards (after usually are in numbers of concerned cryptocurrency, in this case, “Bitcoin”. 12.5 BTC is provided as a reward, and usually at the beginning of the mining process, the complexity of the problem will be somewhat in a medium level. But, as it progresses on, the difficulty seems to increase and the rewards began to decrease. However, the algorithm constantly monitors the process and if any difficulties are found in solving the problem then, the measures are taken to make it better.Network stability and overall security are made sure in the concerned blockchain and various strategies are taken care to maintain this flow. Also, as per Bitcoins data in every 10 minutes, a block is being added and make sure the circulation of the Bitcoins are considered too.The above explanation is carried out in terms of Bitcoin and well, there is a difference between these two terms. You have already understood the difference but still for clearing the air, we’re mentioning the basic difference here. The blockchain is the technology or the ledger system and Bitcoin is the cryptocurrency used for transactions and is recorded in that ledger system. Basically, using Blockchain, these transactions of Bitcoin or other currencies are validated and recorded.By analyzing the data above, it’s sure that an advanced version of the technology is used in the blockchain system and it ain’t vulnerable to hacking easily. However, as the blocks in the system increase in numbers, then, there might cause some scalability issues. What exactly do new blocks keep adding means? It means that more transactions are occurring in the system and the size thus keeps increasing on and on. The size and amount of Bitcoin system matter, and it does have a limit.Every node in the network shares a copy of ledger and it needs a lot of space. Similarly, with the above scenario, this value will pile up to a big number. The computational power, the electricity, the storage, etc. everything does matter. These together causes huge “scalability issues”, and it’s not easy to solve!Hope you’ve understood about this blockchain technology in depth using this article.Highlights of this article:How does blockchain technology work?How does Bitcoins transaction work?What is a ledger system?How does verification process work in blockchain?Difference between blockchain and BitcoinThe scalability issues of the blockchain systemIn our future articles, we’ll be discussing in depth about the scalability issues, various applications of the blockchain system, startup ideas, and much more.As blockchain technology is an excellent way to make your business strong, and easy, it's time to adopt this technology before it's too late. Blockchain development as a service is highly secure and is now progressing in the real world applications.

Multi-level marketing is a business model used to market products and services directly to the customer.Several small-level and enterprise-level MLM companies exist, selling different products and services that vary from beauty and personal care to telecommunications and energy services.When it comes to compensation plans, each one is different and is dependent on factors such as network structure, product type, etc. The majority of the companies prefer unilevel plan, binary plan, breakaway plan as well as party plan.Some companies adopt a combination of different compensation structures and elements to develop a hybrid compensation plan.In this podcast, we discuss the top 100 MLM companies in the world based on the revenue earned by them for the years 2018 and 2019. Next, we read out some insights gained from studying the information on the table. So stay tuned until the end to catch up with some interesting insights on the top 100 MLM companies in the world.Let’s talk about the top 3 companies on the list.The first company is Amway which has been the top MLM company in the world for many years. They top the list with a revenue of 8.8 billion US dollars and made a positive growth rate of 2% compared to their previous year. Amway is still leading the pack and achieving further growth with their innovative business models, personalized products and new digital experiences for their distributors and customers. Amway follows the breakaway plan to manufacture and distribute health, personal, beauty, and home care products.Avon comes second with a revenue of 5.5 billion US dollars. However, their revenue dropped by 3% compared to the previous year. Avon products include beauty, household, and personal care. They follow the breakaway plan.The third company on the list is Herbalife and they earned 4.9 billion US dollars. They made 11% growth rate when compared with the preceding year. Herbalife products include beauty, household, and personal care. Their pay plan is binary.And the list goes on. To learn about the complete list of top 100 MLM companies, click on the link given below to visit our blog “Top 100 MLM Companies in 2019”And, what’s even more interesting is, the table incorporates many more details about the companies, such as their country, founder, CEO, achievements, social media stats, and more. The table also comes with an advanced filtering and sorting feature to obtain information about any company.An interesting stat is 54% of the top 100 MLM companies are from US. So after performing a broad study on US companies, we have incorporated an attractive infographic in our blog.Do you know? MLM industries are always a frequent subject of misconceptions. Direct selling industries have evolved from door-to-door selling, home party business, catalogs, and so on. Now, it’s through the internet and who knows what is next?Let’s delve into MLM statistics, it gives you a clear picture of what networking marketing industry holds for us.Multi-level Marketing has been popular for the last few years and several MLM companies have popped up as a result. Two MLM companies hit more than 100% growth rate in 2019, Naturally plus with 113% and Cosway with 107%. And 51% of top 100 MLM companies have recorded a positive growth rate.Beauty and personal care are the segments with a wide range of products. This category is quite popular in the industry due to the ever-growing demands. Over 60% of MLM companies in the top list sells beauty and personal care products. Moreover, health, nutrition food & beverage, also maintain a competitive space in this industry with high growth rates.From the year 2000, the rise of the MLM industry is quite attractive. 30% of the MLM companies in the top list are founded in 21 century, among that over 50% of companies made positive growth. Women and network marketing seem to be a perfect blend. According to the World Federation of Direct Selling Associations (WFDSA), approximately 80% of distributors are women. Moreover, 13% of the top 100 MLM companies were started by women. At the same time, the number of men involved in direct selling is also growing significantly. It has reached a share of 25%, a decade ago it was just 12%. Let’s check some facts about MLM business in US marketThe concept of Multi-level marketing was primarily introduced in USA in the last 1920s, within no time it spread globally. 54% of top MLM companies are US based and more than 50% of them recorded positive growth. In 2018, US marked 1.3% growth in direct selling. Among the top 100 direct selling earners, 39 out of 100 are from USA. Now hope you got an idea about the interesting facts behind the MLM industry.Becoming successful and creating an impact in the MLM industry is not an easy feat. You cannot walk your path to success until you have built the path. No matter what stage you’re in, there are always successful people and companies that you can learn from. In these preceding insights, you can find the tales of successful MLM companies. After delving into these resources, we hope this collection of information will provide you some direction as you build a business that makes a positive impact in this world.Have a good day

Epixel Binary MLM software is a stable back-office and commission processing system powered with data-driven business intelligence tools. Binary MLM Software is specially designed for Direct Selling & MLM companies with premium distributor engagement features. Epixel binary MLM software is configured with the latest technologies like Python, Node.js, etc. to meet present and future goals. Epixel supports custom compensation requirements with custom bonus integrations to attract more distributors. It will motivate team development, increase sales growth and new recruits for binary MLM companies. Let us explore the features of Epixel binary MLM plan software. For more details visit: https://www.epixelmlmsoftware.com/binary-plan-mlm-softwareAdvanced featuresData-driven business intelligence tools (BI)Analyze business KPI analyzerError-free compensation calculationsIntelligent promotional toolsInternationalization toolsFor more details: https://www.cio.com/article/2439504/business-intelligence-definition-and-solutions.htmlBinary MLM Software Back-office featuresBusiness administrator toolsDistributors toolsBusiness & financial staff toolsBack-office support staff toolsGenealogy tree viewCompensation engineContextual data analysisMulti-walletsMember management toolsBinary team genealogyUnilevel sponsor treeNetwork explorerDownline sales trackingPromotional ToolsDistributor training platformReplicated websiteCareer program with configurable rulesPayout compressionHolding tankMultiple business centersModify binary genealogy structureCareer reward programPromotional landing page leads capturingLead generation funnelsIntegrationsE-commerce or shopping cartCryptocurrency or blockchainOnline game platformTo know more about : https://www.gartner.com/en/information-technology/insights/blockchain

Epixel Unilevel MLM software helps you to build your MLM and Network marketing business with unlimited features that can help to take your business to the next level. Business intelligence and actionable insights are the highlights part of the Epixel MLM software. Unilevel MLM software manages distributor engagements, advanced promotional tools, unilevel compensation calculation, lead funneling. An advanced and high-speed calculation will automate the bonus calculations and increase business conversions. Check this link: https://infospike.com/direct-selling-vs-direct-marketing/Advanced FeaturesData-driven business intelligence tools (BI)Analyze business KPI analyzerError-free compensation calculationsSmart distributor engagement toolsIntelligent promotional toolsInternationalization toolsUnilevel MLM Software Back-office featuresBusiness administrator toolsDistributors toolsBusiness & financial staff toolsBack-office support staff toolsGenealogy tree viewCompensation engineContextual data analysisMulti-walletsMember management toolsUnilevel team genealogyNetwork explorerDownline sales trackingPromotional ToolsDistributor training platformReplicated websiteCareer program with configurable rulesPayout compressionHolding tankMultiple business centersModify unilevel genealogy structureCareer reward programPromotional landing page leads capturingLead generation funnelsTo know more about: https://www.investopedia.com/terms/e/ecommerce.aspIntegrationsE-commerce or shopping cartCryptocurrency or blockchainOnline game platformAnalyze and experience more features of Epixel unilevel MLM software: https://www.epixelmlmsoftware.com/unilevel-mlm-software

Epixel Generation Plan MLM Software is a one stop solution for your Generation plan MLM business. It’s powerful back-office features and high scalability elevates your MLM business to a higher level. The back-office system includes premium features such as E-commerce integration, Autoship, Replicated websites, Payout compression, Order management, Multi-wallets, Multiple business centers, Career reward program etc.Know more about Multi-wallets at: https://en.wikipedia.org/wiki/Cryptocurrency_walletWith the latest data-driven intelligence tools, make smarter decisions and engage more distributors. Real-time business intelligence, Distributor engagement tools, KPI card analyser are some of the data-driven intelligence tools which help to increase the distributor engagement and to make smarter decisions based on business data.Know more about KPI at: https://en.wikipedia.org/wiki/Performance_indicatorReach more prospects and improve your business with our Intelligent promotional tools. Our system also includes conventional tools like lead capture pages, social media integrations, referral link promotions for quick business conversions.Expand your business globally with our multilingual dashboard by breaking the language barriers. Epixel generation plan MLM software comes with 9+ languages which helps to personalize your distributor dashboard with a language switching option.To ensure fast and real-time commission processing our commission engine is built in Google’s Golang. Also our system is architectured with the latest technologies like Python, Node.js, etc .Multiple unique compensation structures along with conventional compensations can be configured to motivate the members. Generation bonus, Referral bonus, Retail commission are some of the attractive incentives provided by Epixel generation plan MLM software.For more details visit: https://www.epixelmlmsoftware.com/generation-plan-mlm-software

Organise and control your Monoline MLM business with the top-notch back-office system Epixel Monoline MLM Software. Integrating the latest technologies and delivering it successfully our system is the best solution to run your business successfully. Epixel’s commission engine is designed to adapt any configurations by meeting customer preferences and expectations.Know more about back-office system at: https://www.investopedia.com/terms/b/backoffice.aspUsing our high end data-driven tools, identifying prospects and finding new business opportunities is made easy. Our data-driven intelligence tools include Real-time business intelligence, Distributor engagement tools, KPI card analyser which also help to increase the distributor engagement and to make smarter decisions based on business data.Specially engineered tools are incorporated into our system to manage the entire business network. Monoline genealogy, Unilevel sponsor tree, Network explorer, Downline sales tracking are some of the member management tools using which the business team can manage unlimited member networks.E-commerce integration, CRM system integration, Lead capturing, Lead workflow management, interactive video integrations, Blockchain-based DApps integrations, Cryptocurrencies like BTC, ETH, and ERC tokens are the integrations we provide to ensure a well-organized back-office platform. Giving full value to your business, we assure you fast and smart delivery of the package to make the business run smooth and error-free.Know more about DApps at: https://en.wikipedia.org/wiki/Decentralized_applicationMigrate to our back-office system to enjoy the premium features such as Autoship, Replicated websites, Payout compression, Order management, Multi-wallets, Multiple business centers, Career reward program etc.For more details visit: https://www.epixelmlmsoftware.com/monoline-plan-mlm

Epixel Party Plan MLM Software simplifies the hurdles of hosting and managing a home party plan business. Our back-office engine is tailor made to support each user profile associated with the party plan direct sales.To know more about party plan visit: https://en.wikipedia.org/wiki/Party_planUser profiles such as party manager/admin and party host/consultant are provided with unique features to easily handle their responsibilities. Additional features for guests are integrated to engage them more effectively.To increase the productivity of the host, a variety of commissions and bonuses are provided. The compensation configuration rules can be set based on the company requirements and are customizable using our MLM system. Some of the most common compensations are Direct Sponsor Bonus, Indirect Sponsor Bonus, Level Bonus, Fast Start Bonus, Rank Bonus and Rank Rewards.An extensive range of custom made tools are assigned for party admin. With these dedicated tools the admin can manage the entire host network, track every active host, calculate the rank, approve/reject party requests, giving rewards for high performing hosts and assign a host with a party.Replicated website, Business intelligence tools, Quick invite button, Member management, promotional tools, Lead capture campaign and ecommerce integration are some of the important features assigned to the party host. With these features the host can easily organise and handle the party.To know about Business intelligence visit: https://en.wikipedia.org/wiki/Business_intelligenceA wide range of features are assigned to the guest profile to improve their activeness in this business. The dashboard for guests contains tools to search a nearby party, send requests to available parties, manage the ordered products and an option for redeeming coupons.For more details visit: https://www.epixelmlmsoftware.com/party-plan-mlm-software

Epixel matrix MLM software enables you to launch and run MLM or direct selling business with data-driven business intelligence tools to simplify the process and promote product sales. Epixel supports custom compensation requirements to attract more distributors and increase sales growth for MLM companies. The most modern and stable platform powered by Python and Golang. It can be hosted in single or cloud based architecture and capable of autoscaling based on the traffic and process load. Matrix MLM Software provides a matrix compensation engine is packed with the advanced features of business operations, distributor engagement, tools for promoting business, lead funneling, interactive team management, etc. Epixel integrate new technologies, such as third party e-commerce integration, e-leraning, smart contracts, customer relationship management (CRM), shipping and accounting management system, etc., in our software to succeed your MLM business. Let us explore more features of Epixel matrix MLM software, visit our site for more details: https://www.epixelmlmsoftware.com/matrix-plan-mlm-softwareCheck this link,https://infospike.com/direct-selling-vs-direct-marketing/ for more details about direct selling and direct marketing.Advanced FeaturesData-driven business intelligence tools (BI)Analyze business KPI analyzerError-free matrix compensation calculationsSmart distributor engagement toolsIntelligent promotional toolsInternationalization toolsMulti-lingual dashboardMatrix MLM Software Back-office featuresBusiness administrator toolsDistributors toolsBusiness & financial staff toolsBack-office support staff toolsGenealogy tree viewCompensation engineContextual data analysisMulti-walletsMember management toolsMatrix team genealogyUnilevel sponsor treeNetwork explorerDownline sales trackingPromotional ToolsDistributor training platformReplicated websiteCareer program with configurable rulesPayout compressionHolding tankMultiple business centersModify matrix genealogy structureCareer reward programPromotional landing page leads capturingLead generation funnelsIntegrationsE-commerce or shopping cartCryptocurrency or blockchainOnline game platformE-learning platformsSmart contract & token salesSmart contracts in detail: https://en.wikipedia.org/wiki/Smart_contract

Epixel Gift Plan MLM Software has become a leader in the direct selling industry by providing simple and effective solutions not only to manage but to grow your Gift plan MLM business. The highly advanced back-office system is powered with the latest tools and integrations and built on the most stable Python and Node.js platforms. We built the commission engine in Google’s Golang platform to ensure fast and real-time commission processing with configurable rank rules.To know more about Node.js visit: https://en.wikipedia.org/wiki/Node.jsThe software is integrated with solutions to track all the business data and provide actionable insights based on it. These dedicated solutions are called data-driven intelligence tools. Real-time business intelligence, Advanced distributor engagement tools and KPI card analysis are some of the data-driven tools, using which the decision makers can take actions to grow the business.To know about Real-time BI visit: https://en.wikipedia.org/wiki/Real-time_business_intelligenceWith the softwares powerful back-office support staff tool, the distributors experience a new supporting radar in Gift plan MLM business. The services include a wide range of tools from the basic support ticket system to the most advanced chatbots to keep a good relationship with the customers.To improve the member engagement a variety of compensation packages are included. Give help & get help is one of the basic compensation structures in the Gift MLM plan. Other compensations are the Introducer bonus, which an existing participant gets while introducing a new member into the organization and a Stage advancement bonus, which is the bonus given by the company when a member turns eligible to move to the higher level.For more details visit: https://www.epixelmlmsoftware.com/gift-plan-mlm-software

Epixel Board MLM software enables you to launch and run MLM or direct selling business with data-driven business intelligence tools to meet your current and future needs. Epixel Board plan MLM software is capable of handling the most sophisticated compensations in board plan. Distributors can use the advanced promotion tools to attract more prospects and funnel the quality leads with automated campaigning. The most modern and stable platform powered by Python and Golang. It can be hosted in single or cloud-based architecture and capable of autoscaling based on the traffic and process load. Epixel integrates new technologies, such as third party e-commerce integration, e-learning, smart contracts, customer relationship management (CRM), shipping and accounting management system, etc., fully adjusted to customer needs. Analyze and experience more features of Epixel board MLM software, visit us: https://www.epixelmlmsoftware.com/board-plan-mlm-softwareAdvanced FeaturesData-driven business intelligence tools (BI)Business gap analysisKPI analyzerBalanced scorecardError-free compensation calculationsIntelligent promotional toolsInternationalization ToolsTo know more about business intelligence: https://www.cio.com/article/3322749/top-business-intelligence-bi-tools.htmlBoard MLM Software Back-office featuresBusiness Administrator ToolsDistributors ToolsBusiness & Financial Staff toolsBack-Office Support Staff toolsGenealogy tree viewCompensation engineContextual data analysisMulti-walletsMember management toolsBoard MLM genealogy treeNetwork explorerDownline sales trackingPromotional ToolsDistributor training platformReplicated websiteCareer program with configurable rulesPayout compressionHolding tankMultiple business centersPromotional landing page leads capturingIntegrationsE-commerce or shopping cartCryptocurrency or blockchainOnline game platformFor more details:https://www.investopedia.com/terms/e/ecommerce.asp