Every industry is unique. Industrial trends are changing day by day, and more people are investing in business opportunities like never before. What’s the secret behind this? It is a mystery how business models including MLM, succeeded in drawing more members into their network. Let’s reveal it now!
Gamification! The process of adding game elements to non-game business models, like network marketing.
“ How can we make our businesses appealing to the audience “ This is a question that has been asked frequently. Gamification is a real difference maker for many companies. What is life without a little fun?
What is Gamification
If you are hearing this term for the first time, let me break it down for you,
‘Gamification is the incorporation of game-elements into non-game environments such as businesses, websites, or online communities, aiming for more participation from the audience. Many organizations use gamification to make their businesses appealing and unique. This may help them engage with consumers, employees, and business partners.
As many MLM companies realize the new strategies of direct selling and how technology determines their growth, they are relying heavily on MLM gamification strategies.
How Gamification changes the game in MLM Companies ?
MLM companies incorporate game-like elements into their strategy to increase engagement, improve efficiency, and strengthen their community. The ultimate goal is to make tasks more exciting, Gamification introduces elements such as points, badges, and leaderboards. It creates a new level of engagement for the distributors to actively participate in their tasks. For that purpose, MLM companies use innovative and enthralling communication strategies and effective training tools that support their business model.
Monetary incentives
In the gamification strategy, consultants earn income based on their performance. The income can be bonuses, commissions, or financial incentives they gain as a result of their participation. Gamification can enhance monetary rewards as it creates a competitive environment for the distributors to play the game and win.
For instance, top performers can receive cash bonuses, gift cards, or discounts on products through their leaderboards, badges, or points systems. This can drive sales and encourage consultants to meet and exceed their targets, increasing overall productivity.
Emotional incentives
What keeps MLM consultants motivated? Pleasing their emotional needs. Emotional incentives are a crucial part of gamification. It taps into the emotional satisfaction that consultants get from recognition and achievement. They feel valued and appreciated if they are given emotional rewards like badges, ranks, or shout-outs in team meetings. The sense of accomplishment and the social recognition that comes with achieving a new level or rank can significantly boost engagement.
Long-term incentives
Gamification introduces long-term incentives for consultants who achieve certain milestones in their MLM career. These are designed to build loyalty and sustained effort. Another motive for these rewards is to encourage consultants to stay with the company through exclusive training, mentorship opportunities, or access to premium products and services. This active participation builds the personal brand or reputation within the MLM company.
How does gamification benefit direct selling companies?
Gamification serves many benefits to direct selling companies, such as economic and emotional benefits.
Economic benefits
Gamification is the new strategy to increase revenue for many MLM companies. By motivating consultants through various incentives, companies can drive greater productivity.To see it from an economic point of view, gamification can lead to increased sales and higher revenue. In this strategy, consultants are deeply engaged in the gamified training modules, which makes the process of learning more interactive and self-paced, thus reducing additional training costs.
Emotional benefits
Gamification improves the working environment and develops an emotional connection between consultants and the company. The consultants are more likely to develop a sense of loyalty and belonging with the organization as a result of the fun-filled and engaging environment.
Implementing MLM gamification strategies
MLM team building through gamification is quite interesting and effective. MLM gamification strategies include so many steps,
- Have an understanding of what you want to achieve through gamification. Approach it with a defined goal.
- Get a clear picture of your audience/consultants. Understand what they are interested in. Are they motivated by monetary rewards, recognition, or the opportunity for personal growth? This insight will guide the design of your gamification elements.
- Design the gamification elements according to the style of the activities. Introduce a point system where the consultants earn points for various activities.
- In order to create a healthy competitive approach, introduce leadership boards and showcase their rankings based on their performance.
- Award them with badges and achievements.
- Excite consultants with engaging activities. Create certain challenges and quests that the consultants are willing to take up and earn extra rewards for.
- Offer monetary and non-monetary awards to motivate consultants, also give access to exclusive events.
- Use an MLM software platform that supports gamification features. The platform should allow you to track performance, manage leaderboards, award points, and distribute rewards seamlessly.
- Ensure that the gamification elements are accessible through mobile apps so that consultants can easily track their progress, participate in challenges, and redeem rewards on the go.
- Get regular feedback from the consultants, address their issues, and celebrate the victory of top performers publicly.
- Continuously refine the gamification elements to better align with your consultants’ motivations and your business goals.
Conclusion
Gamification can really strengthen your business by introducing so many interesting tactics. It creates an environment where consultants can perform better, stay longer, and build a more successful MLM network.