Accelerate Your Network Marketing Business: Choose the Best MLM Board Plan

Many budding and established entrepreneurs in network marketing are aware that the compensation plans in network marketing carry extreme importance. There are a lot of compensation plans that exist in the current network marketing industry. Because of the prevalence of so many plans, it is extremely important to evaluate which plan is perfectly right as per your requirements. While evaluating the plans, it is important to understand that no single plan can overcome the uncertainties in the network marketing business. Instead, its overall success depends on the implementation of various plans. In this website blog, we will unearth everything about the Board MLM Compensation Plan.

Over the years MLM Board Plan has come up as a great compensation plan to fuel the growth of the network marketing business.

All about Board MLM Compensation Plan You Must Know

Board MLM Compensation plan stands as one of the most integrated and unique plans in the network marketing industry. This plan targets a fixed number of people in the network. In this plan, each distributor constitutes a board on which they fulfill a fixed number of positions. These distributors earn an extensive commission whenever they recruit new members for these positions.

How Board MLM Compensation Plan function?

Many budding entrepreneurs often get confused about how the Board MLM Compensation Plan functions. So, here we are referring to a detailed scenario of how this plan can contribute to the network marketing growth scenario.

The structure of this plan is represented as a rectangle. This plan follows a 2*2 Matrix structure. The structure of this plan always remains fixed, and this plan follows a sequence of 1-2-4-8-16. If one slot is fulfilled, it is further divided into two boards. The topmost ID is placed on the higher board, which becomes revolving. 

The entire board MLM plan works on two boards..As soon as a new member joins, that particular new hire is placed on the feeder board.. As more members join, the board will progress further from the bottom to the top, and then right to left. Once the feeder board gets completed, the members will then enter the main board. There are multiple chances when a sponsor is not available on the main board. In this case, the member is directly inducted into the upper sponsor’s board. The commission is granted only when the member completes his turn on the board and moves to a higher board.

Because of its easy structure, this plan has become the most favourable and the Best MLM Plan.

Different Sorts of Compensation We Can Expect in the Best MLM Board Plan

Many of us often think about what kind of compensation we deserve in the MLM Board Plan. You should first understand that every compensation plan gives a different set of payouts to its members.  Working along these lines, the Board MLM Plan also constitutes diverse compensation plans for this plan. 

1. Board Completion Bonus

When a distributor recruits new members and completes the board. Now, the distributor expects his promotion to the next board, where the entire process starts again. Therefore, as soon as a distributor completes the board, he becomes eligible to receive board board-completion bonus.

2. Re-Entry Bonus

The next bonus we often receive is a re-entry bonus. A re-entry bonus is received when your downline members also complete the board. As soon as they get this phase, you will receive a re-entry position on the same board.

3. Level-Commissions

   In the board MLM Plan, a particular sponsor is entitled to receive a level commission as soon as they fill all the positions directly below them. 

4. Referral Bonus

Distributors receive a referral bonus whenever they distribute new distributors or clients in the network. The referral bonus is a great bonus as it helps them to promote the concerned organization and its related products.

5. Leadership Bonus

Leadership bonus is another level of unique bonus under the different sorts of bonuses. Leadership bonus is achieved for consistently achieving the targets. Leadership bonus is also a way to recognize those distributors whose team brings the highest amount of sales in the entire network.

6. Rank-Achievement Bonus

 Rank achievement bonus helps the members to stay motivated and aim for more sales and productivity. Rank-achievement bonus is a great way to grow your company and set new benchmarks of success in the long run.

Advantages of the MLM Board Plan

If you are still in chaos about whether you should opt for the MLM board plan or not, let’s have a clearer idea of its advantages that will help you make the decision.

1. Easy Management

It is important to understand that the number of members in this plan is quite limited. Therefore, it is easy to manage this plan without any ado. Hence, if you are looking for a plan that gives you the ease of management and the benefit of limited members, opting for this plan will be a great choice for you.

2. High and Effective Returns

Because of the small size of the team members, the commissions payable are easily calculated, and members also get a high return from this plan. So, if you want to enrol in those plans where you get high returns on your investment, choosing this plan is a great decision.

3. Minimum Dependency

This is one of the best plans as it gives its members complete freedom to pursue independently. In this plan, there is a minimum dependency on the members of the down-line or else upline to enhance the chances of income.

4. Multiple Sources of Income

The MLM Board Plan allows us to have multiple sources of income, ranging from various sorts of bonuses, rewards, and referrals. All these incomes are in addition to the board income. Therefore, this plan offers its members diverse opportunities for providing various income sources.

Hence, the Board Plan is an ideal plan that gives us a chance to earn income through various ways of generating income. It is also easy to manage and this plan has a limited members. If you aim to become the best Multi-level Marketing Company, opting for this plan is going to be a wonderful decision.

How to Choose the Best Organization for Obtaining Board MLM Plan Software?

Implementing Board MLM Plan software is a great way to grow your business tremendously. Therefore, it becomes imperative to grow your business to decide on a great organization to buy software. Here are some key insights that you must look for when choosing the Board MLM Plan Software.

1. Assess the Expertise

Choosing the right organization for the direct-selling software is a great necessity. Therefore, you should check various key points, such as assessing the expertise. Talk to the team and ask questions that help you estimate their level of expertise and experience.

2. Check their Client-Handling Scenario

You should also consider the client-handling scenario so that you can get a real picture of how the concerned organization works. It is the best way to choose the Best MLM Software provider like Volochain, as they stand ahead of their competitors in terms of providing client satisfaction, great and innovative software, after-sales support, and more.

3. Schedule a Demo in Advance

Ensure to take the MLM Software Demo in advance. It will help you to understand the perks and drawbacks of the software well in advance. Many esteemed organizations will help you by scheduling a free demo in advance. 

Choose Volochain to Grab Board MLM Plan Software Today

Volochain is also a direct-selling software that belongs to a prestigious organization, Maxtra Technologies Private Ltd., situated in Noida. We provide a premium software version in advance to achieve their network marketing goals.

FAQ:

1. How Can You Define an MLM Plan?

MLM plans or multi-level marketing plans are a business model that gives individuals a chance to the opportunity to earn money via direct sales of products and also by recruiting downline members. These plans are a great source of compensation as the individual not only earns money from the direct sales but also gets a commission share from the diverse recruited members below them.

2. What is a Board MLM Plan?

Board MLM Plan is a great compensation plan in which there is a limited number of members. In this plan, the recruiters will constitute a board that will in will recruit a fixed number of people.

3. List all the crucial things to consider when creating an MLM compensation plan?

Whenever you proceed to create an MLM compensation plan, you must first understand the different types of compensation plans, set clear goals, and design a structure that motivates distributors. All these things should be considered in advance whenever formulating an MLM compensation plan.