Thinking of starting a Smart Contract based MLM business? Learn how to build an MLM platform with Smart Contract, know the various MLM business plans and MLM Software available in the market.
Before getting into detail, You need to know clearly about What is MLM? Why people are moving to MLM business with Smart Contract.
Multi-Level Marketing, abbreviated as MLM is a marketing strategy or business model in which marketing of products or services occurs directly with a network of autonomous representatives and hence MLM is also called network marketing, referral marketing, and pyramid selling.
Here the revenue of an MLM company is derived from the individual participant or distributor selling the company's services/products, while the revenue of the individual promoter is derived from a pyramid-shaped commission system.
MLM can be of various forms & described it's structure as:
We, BlockchainAppsDeveloper - Leading Smart Contract based MLM Software Development Company offers all types of MLM business software with effective smart contract development and audit services.
There are a lot of entrepreneurs who are earning big money from MLM businesses. If you have the right networks and skills, definitely you will succeed in MLM business. Here are some notable advantages of starting an MLM business:
These cons in MLM business make it less trust-able among people. To overcome these pitfalls, Smart Contract based MLM business evolved.
A Smart Contract based MLM business is a multilevel marketing business that runs on the principles of Smart contracts. Here the MLM business is integrated with Blockchain powered Smart Contract functionality which makes MLM an efficient marketing model.
The integration of Smart Contract on MLM business completely changed people's perception of MLM business and brings an improved trust-ability & transparency in it.
Smart Contract has turned into the greatest solution to overcome the drawbacks in the traditional MLM business. This technology evolvement has revolutionized the MLM business to a great extent. The integration of smart contracts in MLM business structure simplifies the MLM work process, adds more transparency makes it as integral to the growth of the enterprise.
The majority of the people are aware of Smart Contract, so its implementation in MLM business attracts a lot of investors to invest in MLM business and also paved the way for entrepreneurs to start an MLM platform to become a billionaire.
The immutability nature of Blockchain Smart Contract brings more stability and trust-ability to MLM business among investors.
The traceability is also the main characteristic of Smart Contract powered MLM platform, the traceability is the ability to identify, track, and trace the transactions carried out in the MLM platform.
Every transaction & user data of an MLM business are stored in a specific Blockchain powered smart contract that allows participants to view the transaction history and other participant's details.
It also eliminates the anonymity in transactions, the public key or unique key generated in every transaction are stored in a specific BlockExplorer of a Blockchain platform.
For example, if it is Ethereum powered Smart Contract, the secret key gets stored in the Ethereum’s BlockExplorer called Etherscan.
The key benefit of an MLM platform with Smart Contract is the elimination of scamming of MLM business, no third party involvement, setting up a peer-to-peer MLM platform.
The most crucial part of the MLM platform with a Smart Contract is automatic transactions.
Automatic transactions in Smart Contract based MLM business is the automatic transaction of funds or assets when the smart contracts meet the predefined terms & conditions. The Smart Contract MLM business continues to work, till the Blockchain powered Smart Contract exists.
The Smart Contract conditions & terms are defined by the MLM website owners, once defined the smart contracts cannot be altered & deleted.
To start an MLM business website with Smart Contract, one should need expert consultation and necessary development support, another most cost-effective way is a Smart Contract based MLM Script.
There are two key reasons why people are preferring White Label MLM Script rather building an MLM website from scratch,
This White-label Smart Contract MLM script is completely customizable, can be customized as per your business requirements.
Comparing to building an MLM platform from scratch, Using an MLM Script takes very little time to launch an MLM platform.
With this White-Label Smart Contract MLM Script, You can Launch your MLM platform in 3-5 days.
Smart Contract MLM Script is an MLM website script that works based on the principles of Blockchain-powered Smart Contract. It is completely secure, decentralized, and brings a new dimension to an MLM business.
Coding Language - PHP, Mean Stack, Laravel (based on requirements)
Smart Contract - Ethereum (most preferred)
Also, build on other blockchain platforms.
Ethereum Smart Contract is the most preferred Smart Contract solution of MLM business. Here are some notable reasons why users prefer Ethereum smart contract-based MLM business.
Etherscan is a BlockExplorer for the Ethereum Blockchain platform. It is generally a search engine that allows users to view and verify the transactions that have been carried out on Ethereum Blockchain.
Ethereum Smart Contract MLM Script is a White-Label MLM script based on Ethereum Blockchain powered Smart Contracts, where the smart contracts are defined on the Ethereum Blockchain platform
Ethereum Smart Contract Script to Start Ethereum Smart Contract based MLM websites like Million Money, Etrix.Io, EthereumsCash, Forsage, etc...
To get a top-notch service on MLM platform with Blockchain powered Smart Contract, choosing a well-experienced agency will be a smart way.
BlockchainAppsDeveloper - The leading Smart Contract & Blockchain Development Company having certified developers excelled in blockchain and smart contract development.
BlockchainAppsDevelopers is the world's renowned Blockchain Development Company with 8+ years of industry experience, developed and delivers more than 100+ successful projects in blockchain & smart contracts. Here are some undeniable reasons for choosing us for Smart Contract powered MLM platform development:
- To implement new ideas
- Enhance security
Having plans to start an MLM business or Smart Contract based MLM business and looking for the best MLM software with Smart Contract solutions? Contact Us & Launch Your MLM platform in 3-5 days!