Multi-level marketing or Network Marketing gives an opportunity to earn money for everyone where you are in College student level or Middle-aged people.
There are many health wellness MLM companies or other product selling company in the world with different individual income Plans.
So, if you want to be entering in Multi-level marketing industry, first you have to choose, Which is the best company for your Personality with the help of these 5 Pre Join Factors. Then, You should be aware of the 6 Best Network Marketing Plan.
These will help you choose the best company to be a direct marketer and earn more money Quick with the same level of effort.
Many MLM companies in India or World have their own business plans.
So, In this post, I am listing the 6 Best MLM Compensation Plan which is generally Very Popular in the world.
1. Binary Plan
A binary plan is very simple but the best MLM compensation plan.
Binary MLM planning is a network marketing compensation strategy that many top performance Multi-level marketing companies use. New members sponsored by distributors are added to the left or right. After adding two new members on either side of the subtree, a binary tree is formed.
It is very popular for its simplicity. While your income from the pyramid scheme depends on the two or three people you hire, the binary MLM business plan actually gives you the opportunity to benefit from the people listed by your partner.
For example, if you cut a water lemon in half into more bits, it is possible to give each person a slice. The same applies to binary Plan. Everyone gets a piece of water lemon.
Many companies use the 1:2 or 2:1 ratio system in this Network Marketing Plan. It’s mean when your one side has 2 member and other side have 1 Member, you maintain 2:1 or 1:2 ratio, you will get a commission from the company.
2. Generation Plan
Generation Plan is the most Popular network marketing Business Plan in the USA and India.
Generational compensation plans are divided between key associates who can hire their own and those who cannot hire. Those who recruit fulfill their distributor status more than themselves.
There are exceptions to this though. A distributor can create an unlimited number of downline another generation at a lower level than them.
Thus, they open up a whole new level of downline who pay in their own pockets, which in turn pays into the pockets of the original distributors of the original generation.
The generation compensation system is two parts exploitative and one part brilliant. Distributors who are most skilled at recruiting are there as a resource to create a new whole generation, while others will be able to recruit small amounts to meet their generation’s rankings.
When you become an MLM associate of an organization, the first thing you need to do is register two or three more people to work with you. And these people will list 2 or 3 people and more instead.
How do you pay through a Generation Plan? For a result, you receive a small commission on the sale of your downline record within a month or year. And they get commissions from agencies for listed people.
This system is valid because you only receive a small commission that is associated with the sell of the product. And the number of people from whose sales you will get a commission is only for those sales.
3. X- Up Plan/ Step-Up Plan/ Australian Plan
This plan is another popular compensation best Network Marketing business plan. The X-Up Plan is also known as the Step-Up Plan or Straight Australian Plan. This is because the Australian MLM organization first used it in the 1980s to enforce Australian law.
The X-up plan is similar to the binary plan above. Here, too, every person you register hires sales from each other, including those they hire, in simple terms, it acts as your supplier and the person you hire as a wholesaler.
And the people that your wholesalers hire to act as retailers.
Once each distributor has exceeded its earnings and recruitment criteria, then they can hire another new member, who is theirs. Thus, people at the top of the Australian X-ray get rich first and always get hired first.
Similarly, You have a Question now, How the retail model work in these plans? Basically, you get a profit for every sale made up to the last person in your distributor network.
And graduating as a distributor as a wholesaler and retailer in your network also increase your profits. It is a nutritional supplement and is widely used by healthcare product MLM companies.
4. Matrix Plan
The matrix compensation plan is a single general MLM compensation plan. Most people express matrix schemes after this with two numbers: 1 x 3 In this case, 1 x 3 means that there are three distributors below them for each person in each level and there can be no other.
The defining feature of the Matrix Compensation Plan is that the number of additional distributors per the main distributor is limited.
This means that when a distributor hires another distributor, capacity is eventually reached and the employer overflows to the next distributor below the line.
This means that if A is confined between two distributors under her branch and hires B and C, while A then hires D, Dennis will be recruit both B and C.
The downside of matrix planning is that hiring new associates is usually much more profitable than ongoing products. If there is no sale, there is no company.
5. Stair Step Breakaway Compensation Plan
One of the first types of MLM planning, the Stair Step Breakway model came into existence in the United States in the early 1900s.
This is a plan where no one feels the burden of doing MLM business and therefore strives for higher sales and better profits.
- The best part of the stair-step is that it can’t be used for scams.
- It is the most useful plan for legitimate companies to sell products.
- It works on the simple principle of making extra effort to get more profit.
These benefits help you further improve your whole team while getting higher sales from the company. Once the whole teamwork and produce sale, you will get more commission.
In the stair-step breakaway plan, each MLM only works for business development. Those who earn higher “break away” and become part of another group within the organization that aims at a much higher income.
By the way, Amway, one of the oldest Network Marketing company still operates this plan day by day.
6. Monoline MLM Plan
As it terms Monoline plan, it is a single line.
This means you will act as a standalone Multi-level marketer to promote products and services to the public. And if anyone shows interest, you will list them as MLM Marketers.
The more people you hire, the more discounts you will get on the product from the company. This means that your income does not depend on their efforts. You are an individual marketer whose profit margins increase due to higher profit listing.
Basically, these Plan work in a 1 x 1 ratio style.
For example, if A hires B and then hires C, Charlie becomes B’s recruiter. If A hires D. C will also get a commission. By the way, The profit-sharing system varies from company to company.
Conclusion Network Marketing Plan
So, These are the best Network Marketing Business Plan in India Which make money Fast, if you work properly.
By the way, My Favorite is Binary Plan.
Now, I’d like to know from you:
Which is your Favorite MLM Plan?
Let me know in the comment Right Now.