Multi-level distributors throughout the sales and marketing process––it provides features that assist with lead generation, marketing, customer management, inventory, and distribution.
Multi-level marketing (MLM) software aids direct sales companies and marketing software is intended for MLM, or network marketing, specific businesses.
MLM companies use these systems to deploy a marketing strategy where profit is derived from two sources––direct sales generated by individual salespeople, and commission granted to salespeople based on sales by other individuals they have recruited.
Multi-level marketing platforms often function as an e-commerce development tool, providing businesses with payment and sales tax management.
To qualify for inclusion in the Multi-level Marketing (MLM) category, a product must:
Provide features that support MLM strategies
Include commission tracking tools
Support referral processes
Types of multi-level-marketing plan
Generation mlm plan
Hybrid mlm plan
A binary plan is a multilevel marketing compensation plan which allows distributors to have only two front-line distributors.
A Binary Plan employs a Two Legged (Left leg, Right Leg) structure in Multi Level Marketing where each new distributor or members is placed in either left or right subtree. One subtree is known as a Power Leg or Profit Leg while the second subtree is a Profit Leg or a weak leg.
The way the matrix MLM plan works is simple. The default members are added to the first level and when new members are recruited, they spill over to the next level and even to other levels after that as the plan may permit.
The most commonly used matrix MLM plans are 2*12, 3*9, 4*7, and 5*7. For example, when you choose a 4*7 matrix plan, you can recruit four members to the first level and the rest will spill over to later levels with a depth of seven levels.
The design of the Board Plan is a 2X2 Matrix.It is also known as 2X2 Matrix Cycle and it always follows the sponsor Board/Matrix Cycle. The Board Plan is a unique system that makes your victory certain and gives you an opportunity to take benefit from the effort of all the board members.
Generation MLM plan
The MLM Generation Plan is an approach which is based on profit sharing MLM business. The company share advertising costs direct to their distributors. When a distributor sales a product amount to be delivered against up-lines, that is the reason it’s called a Generation Plan in MLM Industry.
Hybrid MLM plan
Hybrid MLM plan is a combination of two or more traditional compensations plan. It is used by the MLM Company for growth and development of the business assistance.In this plan, only one step (or) stage can be concentrated for some period. The affiliates will also get more income from this plan. Out of MLM Plans available today, the hybrid compensation plan has greater advantages.