Multi-level marketing is a business strategy or a system for selling goods or services through a network of distributors.
These distributors receive a fixed income based on their product sale. The marketing kink is wholly and fully different from the traditional way of business.
The members will get commission both from direct sales and from the sales made by their recruited down-lines.
Did you ever notice the modus operandi of an MLM company?
Is all are pursuing the same MLM plan?
Here I will try to answer you.
Multi-Level Marketing Software plans are a set of strategy or an overall operational idea of an MLM company which leads into action then towards company goals.
It is a business structure used in a network marketing business to provide compensation to its participants.
There have Many MLM plans in network marketing industry with diverse structure of functionality.
Which are they?
Let’s have a look on various Multi-Level Marketing compensation plans trending in the market.
Various Multi Level Marketing Plans
1.Matrix /Forced Matrix MLM plan
One of the favorite and powerful MLM plans in network marketing. Matrix plan is also known as forced matrix .The plan consists of a certain kind of width and depth concept eg.3×3 matrix, 3×5 matrix etc. The width and height is already defined in matrix.
2. Unilevel MLM plan
A Unilevel plan is very simple and a fruit full plan in MLM system. The plan contains only up to one level. The width is unlimited in unilevel so the members can recruit unlimited people as their down-lines. It is the most favorite plan of many MLM companies as well as the members of the companies.
3. Binary MLM plan
Binary multi-level marketing plan is a renowned plan in Network marketing. As its name suggests the participants can recruit two people as his downline, it is his right leg and left leg. In binary people joining the above two people will automatically spill over to the weak leg of the member. Binary is a plan which provides maximum output.
4. Monoline MLM plan
Monoline MLM plan is considered as the most effective plan in MLM by critics. In monoline there is no limit and no mandatory level of the compensation plan to work. The monoline plan put forward first come first serve method.
5. Investment MLM plan
An investment plan is one of the most popular plans in MLM. It yields the participants to generate an indirect income. According to this plan, MLM Company offers a daily based percentage to its members based on their investment in the company.
7. Generation MLM plan
In a generation plan, downlines are divided as different levels. These levels are known as generations. However, the plan is not quite easy to understand. The plan gives more access to product selling.
8. Stair step MLM plan
The plan is also known as a stair step breakaway plan. Stairstep’s plan is one of the oldest MLM plans .The most important feature of this plan is break away option.
9. Gift/Donation MLM plan
Gift plan is also known as donation plan .The concept of this plan is to give a gift to a member in the system and receives gifts from many other members.
Importance of an MLM plan in multilevel marketing
Can you think about an MLM company without a proper plan and strategy?
Damn sure it may be an utter failure without practicing a proper plan.
However network marketing plan is the lifeblood of any MLM system. it is a preset structure of some logical strategies and calculations regarding compensation to the members.
The business idea and compensation structure may different from company to company. A powerful and well idealized MLM plan steers your business towards success. That is the reason most of the founders give importance to MLM plan before starting their business.
What are the most famous plans in multilevel marketing?
There are many such things as popular and favorite for people. Popular movies, popular vehicles popular books etc.
In the history of Multilevel marketing, there have some ever-popular MLM plans too.
Let’s have a look what are those popularized MLM plans.
Binary MLM Plan
Actually, what is the exact reason to get these much of popularity for binary plan?
The answer is, Binary plan is simple and productive.It is very easy to handle for the company as well as the members in the system. The main reason behind the adoption of binary plan is, it provides various opportunities of income generation to its members. One of the main advantages of binary plan is there is no confusion in the system. Commission and payouts distribute in a fixed ratio as per the pairs placed in the network. Apart from that, there are various awards, rewards, royalty commissions. Schemes, incentives, and bonuses like referral income, direct sponsoring income, and spill network income, binary pair matching income etc and so on…
Let’s have a look on key features of a Binary MLM plan.
Binary MLM plan is very simple in its way of operation. It is very easy to understand. There is no complex things in the plan.
Spill over option is another great advantage in binary MLM plan.Spill over means your up line will allot a new member to your downline. You will active your weak leg with this spill over feature.
No complex in the system
There is no complexity in this plan, it is a user friendly concept.You only need to sponsor two people to qualify for group commissions.
Infinity pay outs
If income is your only concern, then binary offers you a various type of financials returns. If you can follow the structure in a right manner, of course you will enjoy the financial freedom from this plan.
About The Guest Author
Code Wilson is a Marketing Manager at AIS Technolabs which is Web design and Development Company, helping global businesses to grow by Mlm Software Services. I would love to share thoughts on Social Media Marketing Services and Game Design Development etc.