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MLM Software Critical Feature #2 MLM Gift Certificates without them......?
In today's global MLM environment, there are a few features your MLM Software just can not be without. The sad thing is most MLM Software providers simply do not have the international experience to realize just how critical this feature set is.
We think the 2nd most critical feature of MLM Software in todays market is the ability for your members to issue MLM Gift Certificates.
Why do we believe this is #2? Well they rely on Critical Feature #1, the MLM Personal Account to even be possible!
You can read more on the MLM Personal Account System in our previous Blog post:
Or you can check out the MLM Personal Account on our website at:
So Just what are MLM Gift certificates and how do they relate to MLM Software?
Well, MLM Gift Certificates are a way to have members sign up other members who don't have a credit card or any other way to pay your company for enrolling. Of course the Sponsor would need money in his MLM Personal Account from their previous commissions.
Internetnextstep.coms MLM Software operates uniquely in that everyone gets paid to their MLM personal account as described in previous posts, they then can issue an MLM gift certificate to a friend or associate for any amount of money.
The advantages of this are huge financially to the company, our previous blog post mentioned above gets into the actual savings you can see by this, and the Members LOVE it as well. Win Win!
This amount of money a member sends to his prospect by way of MLM Gift Certificate may be enough for a signup, and a first order, or a signup and a first order and a few autoships, whatever the members wants to make it for. They simply create the MLM gift certificate for the amount of money they want to send the prospect, enter in an email address and the certificate is sent to the email address.
The prospect recieves the MLM Gift Certificate (after paying the member directly in cash, paypal, greenzap, dogs, horses, chickens, debt reduction or any other agreed upon method!) and uses it to sign up with. As they sign up to your company, they input the gift certificate code into the appropriate blank, and the enrolling members personal account will have the amount deposited to it.
Of course the issuing member can at anytime, up until time of redemption, withdraw the certificate from his MLM backoffice.
A computer microsecond after this deposit is made in the background, the amount of the new members sign up fee (if your company has one) and initial order will be deducted from the MLM Gift Certificate amount, leaving the balance (if there is one) in the new members MLM personal account.
Members love it as they don't need to use thier personal credit card(something INS recommends never to allow as way to risky in todays MLM Merchant Account scenario) to enroll a friend or someone they don't want knowing their card number. They also can get their commissions immediately from their prospect vs. waiting for the corporate pay day!
Companies love it for numerous reasons.
- MLM Company can charge a service fee for the certificate adding to corporate profits to support a higher payout in commissions. (the key is make the service fee less than your commission withdrawel fee so the members feel they are "pulling one over on you" by effectively withdrawing their earnings for cheaper than requesting their commissions by your approved payment methods)
- MLM Company will save the visa discount rate. (less transactions going through Visa/MC etc.)
- MLM Company significantly reduces MLM Merchant Account Chargeback risk. (less transactions going through Visa/MC etc.)
- MLM Company can lock the INS MLM Software down to NOT allow Duplicate Credit Cards and/or 3rd Party Credit Cards. The main reason members want these things allowed is to sign up Friends/Family that do not have a Credit Card. This lessens the corporate risk of losing or having frozen your MLM Merchant Account substantially!
- MLM Company doesn't have to do costly "Flavour of the Month" payment type integrations to keep the membership happy, as members can interact wtih each other in whatever payment types they wish. Say goodbye to Alertpay, Solidtrust pay, Greenzap, Money Bookers, Netteller and all the risk and frustrations associated with them!
This is just one way the INS MLM Software makes you MORE money than other MLM Software in addition to Saving you money!!
Internetnextstep.com Consulting Ltd.
Your MLM Software Experts
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