In setting up your business, you may have considered going the MLM way and thus came up with a business plan and a compensation plan for that matter. You may have realized that as you progressed with recruiting new members and they went on to recruit new members, keeping track of all these chains becomes pretty hard. This calls for employing the services of MLM software which will keep track for you, be able to store member data as well as produce reports and make payments.
However, most software is usually expensive and may not be affordable to many business owners. As such, there is a need to source for affordable MLM software that will perform all these tasks and you won’t have to break your bank to buy it. However, as the saying goes, cheap is expensive.
You may buy cheap software which may eventually be your undoing in the future. To help you evade this, we’ve come up with some features affordable MLM software should have to help you in making the choice:
- The software, no matter how affordable, should be in accordance to your initial business plan. It should be able to cater to your business’ functionalities. It should also be simple to use and reliable too.
- The software should comprise of two parts: the administration and member part. The administration part is for the management of the business while the member part is for the members.
- The software should be able to come up with reports such as registration reports, payment reports etc, which can then be printed out.
- The software should state your compensation plan by making it transparent to any new member in order to encourage them to join.
- The software should also be capable of producing statements. This will reduce the workload heavily on the administration.
- The software should support multiple users and its performance should not be affected by the members that sign up.
- It should be able to create the profiles of the members with each member having a password. It should also have a members search feature and a members list for management.
- It should support online payment with operations being made even more secure with E-pin.
Those are just some of the features that any affordable MLM software should have and if you are out buying MLM software for your business, ensure it has those features.