Here is the fifth post in my series of Top Ten Reasons. To view my previous posts simply scroll up to the top right corner of the page and enter my name in the search box and click on the search icon.
REASON # 5 – Automation and Artificial Intelligence
This information is provided by Ventaforce which discusses and provides proven solutions for direct selling.
AI – The next big thing in Referral Based Marketing
Technology has transformed various aspects of the referral-based marketing business. Internet access, connected devices, smartphones, direct selling software, and process automation tools are now an integral part of business operations.
The next frontier in technology, which is bound to change how referral-based marketing works, is certainly going to be Artificial Intelligence (AI). In 2019 and subsequently, AI and machine learning (ML) are going to bring about some major changes in the direct selling operations. Some of the best direct selling software available today is already equipped with some AI tools. Going forward, a referral-based software company will be developing its software suites and tools by leveraging the power of AI and ML.
How is Artificial Intelligence used in Network Marketing?
AI is an unlimited technology that enables computers and machines to operate and function intelligently. Computing devices powered with AI tools become “human-like” smart. Inferences provided by AI systems improve the decision-making of users. This simulated intelligence allows them to execute heavy computation tasks with ease. The application of Artificial Intelligence in network marketing is not completely mapped. Any referral-based software development company is looking at multiple avenues where AI can be used.
Here are Some of the Recent Working Applications of AI in Network Marketing:
By extracting valuable information from network marketing data sets, future trends can be predicted. This process, called predictive analytics, was traditionally executed ex post facto. After using AI tools such as H20, Q Research, or Oracle DataScience, the information can be modeled reliably. Decisions made on those models can improve direct selling customer experience to a great extent.
In network marketing, recommending products to new customers is a necessary yet tedious task. AI simplifies it by clustering customer behaviors. Network marketing companies have built AI tools that provide personalized and highly-relevant product recommendations to customers. The likes and dislikes of customers are actively monitored, and this information allows network marketing professionals to suggest products as tailor-made solutions to their respective customers.
Promoting products and brands on social media is an important task in the network marketing business. Companies run targeted campaigns to increase their presence on Facebook, Twitter, Pinterest, and YouTube. With the help of AI, these campaigns can execute sentiment analysis. Inferences from this analysis allow network marketing professionals to create effective social conversations with customers and promote products accordingly.
Direct selling operations are often executed with account-based marketing. Customer targeting, product personalization, and buyer pattern analysis are the key operations of network marketing professionals. AI filters data to sort out customers based on the likelihood of them making purchases. The level of data assortment fulfilled by AI tools is fine-grained and accurate, highlighting the customer accounts that are likely to make repurchases more often.
An efficient tagging of products into their respective categories allows network marketing professionals to avoid promoting the same set of products. The AI-enabled product categorizations allow members of a network marketing business to promote each and every product from their catalog.
Chatbots are a growing trend in direct selling enterprises. By using Facebook Messenger or other communication apps, the conversation AI tools (Chatbots) can respond to natural language queries of customers. These Chatbots can also be used in the internal communication operations for referral-based networks.
Apart from these, the use of AI is also going to influence the sales forecasting, customer targeting, and advertising operations for network marketing businesses. In the next few years, a majority of network marketing software are expected to adopt AI for delivering advanced features.
While the information discussed above is interesting, it is very difficult for the average person to understand how it can be implemented. Here is the good news. Ash and his team are working hard to apply this technology to the ONPASSIVE business model. As stated on the ONPASSIVE website.
ONPASSIVE – BRIDGING AI AND BUSINESSES GLOBALLY
The world today is running fast. And this rat-race is so competitive that we all want to be ahead of everyone. What if you had ‘something’ that would boost your growth towards success and give you an upper hand in life without having to do anything?
Always wondered about ways to simplify life and work? How about some tools that could do this for your business? Amplify your business gigantically with ONPASSIVE’s predictive, intelligent business automation platform.
It is said that thoughts become a reality. And that ‘something’ is a reality today. ONPASSIVE AI is that opportunity… that wizard’s key which is designed to change your destiny. Why wait for more when you have it in your hands!
Designed by the brilliant master-mind Mr. Ash Mufareh, ONPASSIVE is genuinely a magnificent outcome of his far-sightedness towards implementing Artificial Intelligence in business development. Mr. Mufareh thought ahead of time before the future could knock on your door.
Stay productive with ONPASSIVE even while enjoying a vacation at any of your favorite destinations as ONPASSIVE provides groundbreaking tools enabled by up-to-the-minute AI technology letting your business momentum in this fast-paced world smoothly.
With business automation, you can operate your establishment without the hassle and create steady yet exponentially growing profits. Join ONPASSIVE and get a turnkey business delivered. Sit back and witness your wealth grows exponentially. Leap for a change, and you will find what you are looking for.
In my next post, I will discuss REASON # 6 – Community