How to Manage 12 Different MLM Compensation Plans with Single MLM Software

by Avijit S. SEO Specialist, Content Writer

When it comes to the matter of Multilevel Marketing, people can find too much versatility in here. MLM business does offer various kinds of strategies. As on today there are many new business plans out there in a multilevel marketing business. These strategies are also known as ‘Compensation Plan’.

So what are these compensation plans? In a company when people join, they get there compensation structure. ‘How will they get paid’ or ‘how much they can earn’ from there – like things. But when people join a networking business, they don’t get that kind of compensation info in here. MLM business doesn’t offer salary.

It offers commissions and rewards based on sales of the products or service the MLM company offers. This is why common people do not wish to join the program. No matter how much commission the company offers them. Matrix MLM

MLM compensation plans are based on different kinds of structures. From Single line to Hybrid plan – there are 12 different kinds of MLM compensation plans existed. Maybe there are more. But we take those 12 plans here. Let’s check….

Single Line or Mono Line
Binary
Australian Binary
Australian X-Up
Spillover Binary
Matrix
Hybrid
Uni-level
Party
Generation
Gift
Board

You may already know that MLM business employs chain or pyramid like strategy. If you join the company, then you are also entitled to make others join in and make your own network. The success in here depends upon how much people are there in the network.

But it does not guarantee the success. More people do not bring you more business and profit for you. You need a dedicated team to deliver. You need to motivate all of them to explore their social area and generate sales.

Every compensation plan offers unique type of commission and reward. They all have strengths and weaknesses. Companies choose one or two types of compensation plans as per their comfort and company structure. Nothing is perfect or imperfect in here.

After setting up the company, they also need to get automated business software for the business. They require a MLM Software. And that software should be compatible with the compensation plan, the company is running. If the company is following Single Line plan, then it needs Mono-line MLM Software; if it is Binary Plan then they need Binary MLM Software.

Some Software companies have the ability to provide all Network Marketing compensation plan compatible MLM Software. That means that particular MLM business tool can take care all kinds of network marketing business plans, whether it is Binary or Hybrid, Single Line or Matrix.

Presently Tech Genius from Kolkata offering such multipurpose MLM Software in India. The name is MLM Software Pro and it can be utilized to manage all kinds of Multi level marketing compensation plans. The company is having more than 12 years of experience in MLM Software development. They can custom built advanced business software for Multilevel Marketing. They also offers free demo of the MLM Software, to share more info of their application.