By the time you start reading this, you probably might have an idea about Multi-Level Marketing (MLM) or Network Marketing and how it works. MLM is the marketing strategy of direct selling of the company’s products/services to the customers. It also includes the activity of recruiting members who will be known as downlines in the network. The distributors can earn bonuses and commissions from the direct sales they have made as well as from the sales done by their downlines. The way the distributors or downlines earn and how much they earn will all depend on the company’s MLM compensation plan. And the MLM company’s overall profit or earnings will also be dependent on the MLM plan they choose.
The first thing to do when an MLM business starts is choosing an MLM compensation plan which is the right one for the business. You wouldn’t want to blindly choose an MLM compensation plan as it will be the main factor in determining the income of both your business and it’s members. So, inorder to become successful in MLM, you have to choose the MLM plan which will suit your business model and provide you with most benefits. There are many MLM compensation plans available such as Binary plan, Matrix plan, Unilevel plan and many others. Each compensation plan has its own benefits and features. And the ways of earning and distributing income are different in every MLM plan. HybridMLM offers the following MLM compensation plans:
- Binary Plan
- Unilevel Plan
- Matrix Plan
- Board Plan
- Party Plan
- Gift Plan
- Hybrid Plan
- Stair Step Plan
- Spillover Binary Plan
- Monoline Plan
- Generation Plan
- Australian X Up Plan
- Flower Looming Gift Plan
All of these MLM plans have their own characteristics. The most popular and commonly used MLM plan is the Binary plan because of its simplicity and engagement. But that doesn’t mean other MLM plans are not effective. The Flower Looming Gift plan is the latest MLM plan HybridMLM have just launched and it is a modern and a unique MLM plan. To read more about the Flower Looming Gift Plan, click here Flower Looming Gift Plan MLM Software
An MLM business startup should choose an MLM compensation plan which will help the MLM business grow and achieve the business goals. There are also other things to consider when choosing an MLM plan, like you have to consider the type of the company’s product you intend to market and sell. The general fact in MLM is that the price of the product should be cost-effective and affordable for the consumers to buy. Also it should be a quality product. Then it will help your business to attract more consumers and such products can be marketed easily. And you can market and sell such low priced products efficiently in some of the plans like the Unilevel plan.
Also, the client base or customer base is another important thing to consider when selecting the MLM compensation plan. If you are a MLM business startup with the minimum incentive design, then MLM plans such as Binary plan or Matrix plan can be chosen which will suit the structure more. If your MLM company already has a huge consumer base, then you can choose any MLM compensation plan which will be more suitable for your products and your business goals.
All the MLM compensation plans offered by HybridMLM are customizable. So if you have chosen an MLM plan but you are not 100% satisfied with it, we will modify the MLM plan as per your requirements and needs to make it suit your business 100%. Apart from the customization, we offer numerous add-ons and features for all MLM compensation plans which will assist your MLM business to become profitable and successful.
