Yes, the blockchain is one of the most promising latest technologies in upcoming years and this innovative concept that changed the phase of the overall business industry is a NEW GAME CHANGER. And discussing the MLM industry, a marketing business model that maintain the sales and network building regulate together to make the business a right ‘brand’ tag. Develop your MLM business with blockchain is a dream come true moment and also blockchain has got such potential to transform the MLM industry.
HIGHLIGHTS OF THIS BLOG
* What is Blockchain & How it Transform the Industry?
* How MLM concept works in E-commerce In Present?
* Blockchain & MLM Industry?
* E-commerce Industry in the blockchain
* How to Build MLM Website?
* About Pulsehyip
* Different Types of MLM Business Plans
* How MLM Script Helps Business Growth?
What is Blockchain & How it Transform the Business Industry?
The blockchain is a distributed ledger technology that underlies cryptocurrencies like bitcoin & Ethereum platforms. It provides a way to record and transfer data that is transparent, safe, auditable, and resistant to outages. This technology has the potentiality to make the digital industries that use it transparent, common, decentralized, efficient, and secure. It will likely to disrupt many industries in the upcoming years.
Read up here - How Blockchain Technology Is Disrupting Business Industries?
How Did MLM concept work in E-commerce at Present?
The present system works well with a various MLM business plan; you start an e-commerce business with products and merchant. The products are added upon the business website, and through affiliate marketing, the products are sold up with commissions. Affiliate links are provided for users, and if the user buys a product by clicking this referral link, the commissions will be paid. And the payment step, the admin has to approve each and every part like made the payment, order shipment is done or not, product delivered status, etc.
The admin panel has a chunk of work to complete for each and every product sale. As the supply chain depends on the MLM industry or digital marketing is a part of the supply chain management, everything is interrelated and proposed model includes every stage of business. From the affiliate side to that of the complete payment part, blockchain keeps everything regulated.
And to make the payment part verification, a third-party API has to be used. There are such limitations to the enduring model in the future the proposed model can replace the difficulties smartly. Let’s take a look at it and analyze how blockchain transforms the MLM industry.
How Blockchain Will Transform MLM Industries?
The distributive or public ledger system and the revolutionary marketing model, how is these two connected together? What kind of changes can be seen in the MLM business industry? How far is it going to be more effective? Here is a mind-boggling sense about the transformation and the Symantec reality that concern in the business development.
Blockchain technology disrupts the business industries in many ways and as far as it is a concern, now it’s the time to validation part is carried out by the nodes. Business marketing industry got its right way after the multi-level marketing ideas start to gain the importance. Business marketing gained a good flow when the MLM business model came into actuality and the blockchain technology is going to have the same impact while this transformation too.
The above model conveys only particular parts of the current system. Here we'll bring you with a complete transforming business model which will change the flow of the digital business world. When the industries are added up in the blockchain, everything is going to be simple, transparent and quick. The payment step can be easily validated and automatically verified. Without any middle party API’s, the platforms itself validates with the node network.
And we've discussed the referral commission part if the user buys a product through affiliate links; usually, the fiat money is used for such payments. Instead with the blockchain services like digital tokens, one can provide tokens instead of normal money, and it’s a two-way opportunity. If digital tokens are provided instead then, you get the payment as well as an investment opportunity.
The value of the tokens gets hype in the future and s/he can sell it for the best. Trading, exchange, investment, etc. are always the best option to propose in the system.
If the delivering part is implemented using blockchain then, everything will be organized easily. Currently, the tracking system uses a third party application, and in times it may be a bit of distress. There are possibilities issues like,
* Users lost their tracking point.
* Mismatch packing of the product.
* Delays in the delivering during its passage.
* Malpractices in between shipping the products etc.
These problems cause a lot of confusion in the users' mind, and loss of trust is the result of such actions. If it's transparent then, the process gets the maximum potential. The tracking network must be open, and this step has its role in the MLM industry. E-commerce follows referral programs from the old times itself, and it changes the motivation of the business world. Every most popular e-commerce platforms schemes along with normal “pick and buy” methods.
With such similar MLM programs in blockchain network, the business process will boost up easily. Well, blockchain does have an impact on the marketing plans too.
MMM PLAN & THE BLOCKCHAIN
You definitely know How MLM Plan works – Make a donation fund, and earn from that fund. Well, once the platform is integrated using blockchain then, the overall system will be transparent. The transparent usually make sure of one such important thing - Is the affiliate fund process completed or not?
Say, a request came up, and you make the donation but, you’re bothered about various matters like the escrow value, the donation fund is accepted or not, whether the donation fund is done to the right person or not, more. The constraints got its solution, and the plan gets a "hope" sign. The business will also get the required fuel to expand its opportunities by creating up an open/ transparent network.
Smart contract and ICO are the next main parts to explain in this blog. As we discussed before, instead of fiat money, digital tokens are offered as payment. And this is done by executing the smart contracts.
And the next one is ICO, the traditional MLM crowdfunding platforms are now replaced with the ICO’s. ICO is nothing but Initial Coin offering, it keeps the users funding part perfect and it involves digital token as returns for the investment, and it’s the best way to deal with any business marketing ideas that involves blockchain abstraction.
Read up here – How to launch ICO? A startup guide for beginners
How to Build an MLM Website with Blockchain Technology?
Today most of the business owners are started their own business with MLM concepts like HYIP MLM, Bitcoin Exchange MLM, ICO MLM Business and more. MLM platform can be added up into the ICO list for a better chance of fundraising. The MLM concept helps for business owners to reach their business globally and they can get high ROI simply.
MLM business industry is very competitive and MLM script requires an understanding of being very active. While choosing an MLM script, it should be accurate for your MLM business otherwise you may end up with spending huge amounts on network Marketing software, which is unprofitable and your successful business may shatter down. Only Best MLM Script can meet business requirements and reach success for your MLM business.
Pulsehyip is a leading MLM script software & blockchain development company which provides best multi-level marketing script solutions for all kind of network marketing companies all around the world. With our advance featured MLM Script, MLM companies, and online business peoples can easily build and run their MLM business more productively.
Our script is very unique that introduces a complete range of MLM plans for business peoples. The Multi-level marketing script just works like a backbone for any Multi-level marketing company that needs it.
Our Various Types of MLM Business Plans
In the competitive business world, to succeed in business you need to have a good MLM business plan. Pulsehyip supports multi-level network models, so you can set up your own business plan based on current market demands.
2.Australian Binary Plan
4.Matrix Plan/Forced Matrix Plan
7.Stairstep / Breakaways Plan
MLM business integrated with our script will provide secure and forthright promotion for your business. Pulsehyip MLM Script is globally accepted hence integrating with our script will automatically help to meet global acceptance of your business. We ensure your MLM business development and growth with our special add-on service.
How our MLM script helps your business growth?
Our business script helps you to promote your MLM business around the world and our new business add-on will surely help your business growth and reach success. We provide the most updated version of MLM Software with more secure and user-friendly.
Free MLM Script Demo
You can try our Free demo for your HYIP MLM Script by filling the below form and You can have the option of integrating HYIP script with any MLM plan as your choice.
Further Reading: How blockchain integrate with bitcoin MLM software