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Importance of Commission, Bonus, and Incentives in Direct Selling

The direct selling industry has seen tremendous growth in recent years. A direct sales company is one of the best opportunities for anyone looking to earn a decent income. It offers individuals a lot more than just money u2013 from personal growth and self-fulfilment. Distributors are the important part of the business, and it is essential that companies should provide and offer them with attractive opportunities. Direct sales companies do this by providing them with bonuses, commissions and incentives. Each term has its own benefits and identity in satisfying and engaging distributor interests.

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Importance of Commission, Bonus, and Incentives in Direct Selling

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  1. Bonus, Commissions and Incentives in Direct Sales Importance of each terms in direct sales business https://www.epixelmlmsoftware.com/

  2. Introduction ➢ For a direct sales business, it is important to appreciate a distributors efforts. ➢ Direct sales companies can appreciate their distributor efforts by compensating them in the form of bonuses, commissions, and incentives. ➢ At first, these seems to be similar but each has its own benefits for satisfying the distributors.

  3. Bonus Incentives Commissions

  4. BONUS

  5. ➢ Bonus are given for distributors for their individual performance. ➢ Direct sales companies can reward their distributors after they reach a particular growth threshold which has been set by the company. ➢ Providing bonus help direct sales distributors to engage more and also helps in increasing their productivity.

  6. Types of bonuses Referral bonus Profit sharing Milestone bonus Bonus Spot bonus Longevity bonus Non-cash bonus

  7. COMMISSIONS

  8. ➢ Commissions are provided for the distributors for the sales they have made. ➢ Direct sales companies can provide a percentage of commissions to the distributors for the product they have sold. ➢ These sales centric commissions help direct sales companies to boost their distributor productivity.

  9. Types of commissions Sales commissions Base salary plus commission Gross margin commission Residual commission Revenue commission

  10. INCENTIVES

  11. ➢ Incentives are a kind of extra reward given for the distributors spontaneously by the company. ➢ Incentives can be in any forms such as discounts, offers, coupons, goodies, or rewards. ➢ Providing incentives can boost the distributor productivity and motivate them to perform better.

  12. Types of incentives Pre-sales incentives Awards and recognition Referral incentives Rank or tier-based incentives Omnichannel incentives Fun gifts Loyalty points

  13. Read more about bonus, commissions and incentives: www.epixelmlmsoftware.com/blog/bonus-commission-incentive

  14. THANK YOU

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