Are MLM Digital Products The Future Of The MLM Industry?
Throughout the long history of the MLM industry, most companies have focused on launching and selling physical or tangible goods.
This has been the status quo for many decades as companies such as Amway, Avon, Herbalife, Nu Skin, and Melaleuca grew into billion dollar empires..
Now in 2024 the world has changed, and there are more MLM digital products being launched in the industry.
4 Major Challenges Physical Product MLM Companies Are Now Facing
1. Epidemic:
Over the last few years we have seen a worldwide epidemic, this made belly to belly or in person marketing very difficult.
For almost 3 full years there were no in person live networking events or home meetings.
And still affects in person network marketing today, as we learn to live with covid outbreaks.
Some of the dinosaur direct selling companies have yet to embrace the digital marketing age, which is a huge mistake.
2. Supply Chain Issues:
We now have major supply chain issues and worldwide conflicts, which makes getting physical products in the hands of the distributors and customers much more difficult.
3. Massive Inflation:
Physical or tangible goods in the MLM industry have always had inflated pricing to be able to pay commissions.
Now they cost even more as the world is seeing record inflation.
4. Retention:
Harder to find and retain customers and distributors when the products are two to three times more expensive than peoples local stores.
Could MLM Digital Products And Services Be A Better Business Model?
We believe they will play a big role in the future of direct selling..And here is why
Pros Of Digital Products
- Digital products and services cost less to produce
- Lower overhead, no need for warehouses or manufacturing plants, no trucking and shipping cost.
- Less restrictions, most MLM digital products and services can be instantly available worldwide.
- Higher commissions can be paid to resellers and distributors.
- Much simpler business model makes it way easier to promote and grow the company.
- Happier customers, less customer service needed.
- Flexibility, distributors can literally work from anywhere with an internet connection, providing greater flexibility in terms of working hours and location.
- Digital products are easier to scale worldwide because of all of the reasons we mentioned above.
However, this does not mean that high quality physical or tangible goods will go by the wayside. We believe that digital products and subscriptions will just play a big role in the future.
Pros Of Tangible Goods
- Physical Presence Creates Trust:
Customers can see, touch, and try the product, which builds trust and confidence in its quality and value. - Repeat Purchases:
Products like health supplements, skincare, and household items often include multiple product purchases and regular reorders, creating consistent income opportunities for long term. - Visible Results Drive Sales:
Products that offer visible benefits, like weight loss supplements or beauty products, encourage word-of-mouth referrals and testimonials. - Local and In-Person, And Online Appeal:
Tangible goods can be demonstrated in person, making it easier to host events, parties, or sampling sessions to boost sales. Plus can be marketed online through various digital methods. - Broader Audience Appeal:
Physical goods often cater to diverse customer needs, offering a wide range of options that can attract much larger buyer segments.
Understanding Digital Products MLM
Digital products can encompass a wide range of offerings, including:
- E-books
- Digital Storage And Backup
- Cellular Service
- Online courses
- Software
- Precious memories
- Mobile apps
- Website traffic
- Digital art
- Music
- Email lead marketing
- Memberships
- Web Conferencing
- Autoresponders
- Insurance
- Video Streaming Service
- Consumer Savings Services
- and more
These digital services and products can be easily distributed and replicated, making them an attractive choice for network marketing companies and potential distributors.
Basic MLM Structure:
Like traditional physical product MLM plans, the Digital Products MLM plan involves a hierarchical structure of distributors.
Each distributor earns money from personal sales as well as recruits new members into their downline and earns commission bonuses on their sales.
This structure encourages teamwork and incentivizes distributors to build and expand their networks by recruiting new downline.
Digital Products MLM Companies
If you are looking to find an MLM opportunity with a company providing digital products or services, here are a few of the top ones to consider.
We have wrote reviews on each one of these companies so you can investigate them further.
Just click on any of the highlighted links below to read the our full review of each company listed.
1. Greatlife Worldwide
Greatlife Worldwide is our favorite MLM network marketing company, because they have embraced the digital age with some of the most in-demand digital offerings, and they have an excellent line of unique nutritional products with excellent pricing.
The Greatlife Worldwide comp plan is the best we have ever seen or been involved with.
This is our #1 opportunity we are personally involved with.
2. GotBackup
Gotbackup is a MLM company that provides digital backup and storage service that securely stores customers photos, files, videos, and other digital data on their servers in their state of the art data center and in the cloud.
3. Savings Highway Global
Savings Highway Global is a MLM company that helps people save money across every aspect of their lives.
Through a membership site, they incorporate the best private savings programs in the world into their offerings for members and distributors.
4. Traffic Authority
Traffic Authority provides high quality website traffic, tools and training to take your online business to the next level.
They have both high and low ticket offers through an network marketing business model.
5. Viduber
Viduber is an ad free video hosting, sharing, and live streaming MLM company.
Viduber will allow you record, share, and host any videos you wish without being afraid of being “shutdown or cancelled”, and they will be completely ad free. You’ll be able to share all of your video creations just like any other video hosting platform.
6. Legal Shield
LegalShield is a multi-level marketing company that sells pre-paid legal services and identity theft solutions.
LegalShield provides through a monthly membership fee provides access to experienced lawyers who can provide advice on a wide range of legal issues. Members can speak to a lawyer by phone and within a business day and get advice on topics such as family law, estate planning, and criminal matters.
The lawyers can also provide guidance on how to handle legal disputes and how to protect your legal rights.
We do not have a personal review on Legal shield, as we are not distributors for this company. You can learn more here
Digital MLM Long Term Future
In embracing MLM digital products, network marketing companies and opportunity seekers have the potential to redefine the industry, fostering innovation, inclusivity, and economic opportunities for a wide array of individuals.
As technology continues to advance, the synergy between network marketing and digital products promises not only financial success but also a gateway to a future where entrepreneurial aspirations can be realized in the digital realm.
The journey toward this future is ongoing, and those at the forefront stand poised to shape the landscape of MLM for years to come.
As with any business endeavor, success in network marketing requires dedication, effort, and a strategic approach to building and nurturing a thriving network.
We really hope this article has been extremely helpful to you. If you have any questions, don’t hesitate to post them in the comments section below or just say hello.
Sincerely,
Your Friends And Partners
Richard And John Weberg
