Are there any MLM plans that are more reliable for successful MLM business?
As you all know, there are different MLM plans, which include binary plan MLM software, uni-level plan MLM software, matrix plan MLM software, etc.
Every multi-level marketing company is unique, and it requires a unique MLM script for the growth and increased sales of the company. Most MLM owners choose block-chain based MLM platforms.
Binary and matrix plans are the most popular multi-level marketing strategies for blockchain-based MLM software development.
Both have their own way of encouraging the participants or members. To find which one is better, first, you need to know the difference between both of them.
We have already discussed many times what a binary plan is. As the name suggests, it is based on the number 2. It consists of two legs, the left, and right, or the subtrees. It is easy to understand the workings of the binary plan.
So, because of its ease of understanding, more people are attracted to the binary plan. The company’s sales and recruits increase, resulting in growth and business opportunity.
The Binary MLM plan comes with a rapid growth opportunity. This is one of the best network marketing plans.
Binary trees are formed when subtrees are added. Levels of depth can be increased indefinitely through this process. This basic plan is chosen by most popular companies with careful planning and a well-defined strategy
Matrix plan MLM is also known by another name, i.e., forced matrix plan, which is designed in a pyramid form. It has a fixed width and depth. Once the front line is filled, then the rest of the members are added to the next available position on the tree, which is termed spillover.
To run the organization smoothly, MLM businesses keep track of their commission and network management. The companies use narrow or deep levels to attract distributors. Using Matrix MLM software, the entire business process can be easily operated and managed.
The matrix compensation plan promotes both individual and team growth. Like other MLM plans, this one does not have a leg system or breakaways.
The width of the plan is fixed. For example, in a 3×5 matrix, the width is 3 and the depth is 5. On the first level, there will be 3 users; on the second level, there will be 9 users; on the third level, there will be 27 users; on the 4th level, there will be 81 users; and on the final level, there will be 243 users.
Some of the advantages of using matrix MLM plans are followers.
- It is very flexible and can be extended very easily.
- Upline benefits when the downline starts working.
- The matrix compensation plan is easy to understand and explain from upline to downline.
- Customization is possible so that it helps to integrate compensation plans easily
By enhancing the sequence, you get the option to get more turnover. For this, they increase the intensity of compensation and bonus. Both newcomers and existing members can benefit from the MLM Matrix plan.
The Matrix MLM compensation plan comes with different types of compensation, which may include
- Matching bonus
- Matrix Bonus
- Sponsor bonus
- Level commission
Conclusion:
It is very important to choose the best compensation plan to become a successful MLM business. This blog goes through the best two MLM compensation plans, which are the binary MLM compensation plan and the matrix MLM compensation plan.
