Reasons why compliance is essential in direct selling
It's fair to say that the direct selling industry is under intense scrutiny from regional and international regulatory bodies regarding its claims, commissions, and overall operations. So, let’s delve into the reasons why compliance is important in direct selling operations.
To safeguard distributors, customers, and brand credibility.
To consistently endorse policies and procedures.
To minimize stress the effort and time taken in addressing issues.
To regularly update everyone on legal updates and potential violations.
To have a specific set of protocols for accountability on legal policies.
To educate on compliance and legal obligations for ethical practices.
To thoroughly document all legal steps for evidence against false claims.
It is also imperative to establish a compliance department for direct selling businesses due to past instances where network marketing, MLM, and direct selling companies have made misleading money-making claims, leading customers into significant debts.
#directselling #compliance
Source: https://www.epixelmlmsoftware.com/blog/compliance-automation-direct-selling