Direct selling being a successful model for years has always provided opportunities for people Distributors who are the backbone of direct sales business should be attracted with exciting and lucrative opportunities They can reward their distributors with various bonuses commissions and incentive ID: 1035129
Download Pdf The PPT/PDF document "How to Utilize Bonuses, Commissions, and..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Importance of each terms in direct sales business Bonus, Commissions and Incentives in Direct Sales https://www.epixelmlmsoftware.com/ 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. Incentives Commissions Bonus BONUS ➢ 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. Types of bonuses Profit sharing Spot bonus Non - cash bonus Referral bonus Milestone bonus Longevity bonus Bonus COMMISSIONS ➢ 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. Types of commissions Sales commissions Base salary plus commission Residual commission Revenue commission Gross margin commission INCENTIVES ➢ 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. Pre - sales incentives Rank or tier - based incentives Omnichannel incentives Awards and recognition Referral incentives Fun gifts Loyalty points Types of incentives Read more about bonus, commissions and incentives: www.epixelmlmsoftware.com/blog/bonus - commission - incentive THANK YOU