Right now, Direct Selling Agents are the backbone of the Indian finance industry. We have gone through several changes in the last few decades and evolved too much. The introduction of technology has made things more interesting now. In this blog, we will talk about the changes in the financial industry, the impacts we are facing, and more.

If you want to become a Direct Selling Agent, you need to learn about the companies working here, the challenges they are facing, and the role of a DSA in offering solutions. After exploring these aspects, you will learn about the inside knowledge and choose whether you should make a career here or not. Use a one Andro DSA app to get more information about these things.

History of Direct Selling Agents in India

If you go back to find the first introduction of direct selling agents in India, you will find them somewhere around the 1980s and 90s. Since then, both the banking industry and the use of direct selling agents have become predominant.

Right now, most banks and non-banking finance companies work with these agents and push their sales. Over the years, employing agents has become an efficient way of selling financial products and getting better results.

Key Points During the Evolution

Let’s have a look at some of the key elements that happened during the evolution of the use of direct selling agents in India.

1. What Happened During an Emergency?

At that time, direct selling agents were independent agents who were helping people to find the best financial tools like loans, insurance, and more. Home loans and education loans were added to the list of successful banking products. Door-to-door selling has made the situation better for everyone.

2. During 2000s

In 2000, after liberalization, the Indian economy flourished in many ways. More people started taking loans and using credit cards. That’s why you can see a massive increase in the number of DSAs in the market. At that time, almost all the banks started using these agents for their benefit.

3. Use of Digital Technology in 2010

In 2010, the use of digital banking services started. It made severe changes in the industry. People started using smartphones, the internet penetration got shot up. The use of online platforms helped these agents to reach new customers all over India. An increase in efficiency is the most impressive change we have got.

4. Regulatory Changes

In recent years, there have been some regulatory changes in India regarding data privacy. Guidelines have been made stricter.  The rise of fintech platforms has made it easy to make financial decisions. Use the one Andro app so that you can have more information about these matters.

What are the Changes We Have Seen in These Years?

As a DSA, there have been numerous changes in India in these years-

1. Introduction of the internet and social media platforms has changed traditional door-to-door marketing.
2. Now a DSA can earn in many ways. There are so many income sources for these agents.
3. The financial industry of India has become highly regulated. Customer protection and data security are the primary focus of the government.
4. Consumer behavior has also changed a lot in these years. Now, people love to learn about a particular product online, read the reviews, and then make a decision. We need to adapt to these circumstances.
5. The competition has also increased significantly in the meantime. So many agents are there that you need to compete hard with others.

Advantages of Working as a DSA in India

When there are Direct selling agents, it will get you the following benefits-

1. Direct selling agents enjoy flexible work schedules. When you are working autonomously, you should balance the work and your personal life.
2. Although DSAs don’t earn any fixed amount. It is up to the agent how much they will earn. Theoretically, they can earn as much as they want by selling proper financial products like credit cards and loans.
3. There are so many new opportunities in the market that you can have as a direct selling agent.
4. Focus on improving your skills; it will improve your chances of getting work.

We hope you will find this blog informative and helpful. Consult with an expert to learn more.