Board Plan offers an unlimited bundle of opportunities that makes multi-level marketing accessible across several industries. With our board plan MLM Software that supports all features of the board plan, you can now focus on developing unique strategies to produce adequate income. Currently, a well-designed software remains an indispensable tool that aims to manage everything under one roof. A Broad Plan empowers the entire network and people associated with it. As a vital tool for MLM business, executives can pursue unique tactics to implement the Board Plan software. This entails the necessary communication system to retain everyone in the loop.
MLM developers at Prime MLM Software has developed the best MLM board plan software, in such a way that it enables any company to utilize its extensive features. One salient feature is the critical SMS-integration for seamless communication. This significant factor and supplementary qualities distinguish it from other plans for business-savvy professionals.
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It is a matrix cycle or a revolving plan to eliminate risks or failures during marketing. It offers substantial returns on targeted policies. A minimum of 3 people is required to form a cycle. Once the plan clicks, the cycle is increased to 5 or 9 members. Each person receives the commission and earns a profit amount. To motivate the members to remain active bonuses based on income generation is introduced. Each member can enjoy the reimbursements. Inactive participants fall off the matrix cycle automatically. It is important that everyone in the Board Plan understands its implications and its functioning.
The Board MLM plan used in MLM business is also called matrix cycle plan or revolving matrix plan. The board MLM plan has a more significant advantage of profit gain from each member involved in the board. The board constitutes the major component of the board MLM plan, and the number of members in the particular board depends on the type of revolving matrix plan used. While the profit acquired is more in the revolving matrix plan, the downside is the complexity of calculations. The commonly adopted board plan is the 2×2 matrix cycle plan with two member legs where a member recruits two members to their downline. Once the board consists of the maximum allowed members or the number of members exceeds the board’s limit, the board divides into two sub-boards, and the members in the top positions are upgraded to a higher level. Every time there is a completed matrix cycle, the specific member acquires a bonus or a commission. New members usually get a blank board, and a specific member is required to complete the board by filling it.
Prime MLM software is an ideal support to begin the business with such a concept. The number of people involved is limited. In a perfect situation, each member introduces two members in the industry. The recruitment continues until the Board Plan is filled. If the numbers increase, sub-groups are created to keep the revolving cycle alive. Those who joined initially become the top level and the same is repeated with all the sub-groups. After installation of the software, the process is ready to use.
The width and depth of the board plan can be customized depending on the cycle you choose. The first level requires only two members present, and with two more levels, you can complete the board system with six board members. The dynamic structure of the board plan allows easy upgradation of unqualified board members to qualified board members and thus allows growth in business process and more profit. The board plan creates a network that necessitates activities to engage all the board members involved in the loop. For each sale made by the downline members in the board MLM plan will fetch a referral commission for the board members. Following board plan concepts, the active downline members also earn a quality bonus amount apart from the level commission they receive.
To further understand how Board MLM Plan succeeds at multiple levels, the process starts with a ‘blank board.’ New entries are registered and segregated in various columns which represent the associated companies. When all the columns are filled, the commissions are paid out. In this concept, the sponsoring person is limited to only ‘two legs.’ The down lines also can include only ‘two legs’ below them. As more people join, the depth of the matrix increases to four levels. A cycle is deemed completed with 6 active participants, and the 1st position is removed from the matrix. Companies that select this plan ask for a joining fee from the new members. The admin panel decides the amount. Often it is equivalent to two compensation payouts.
Since this concept thrives on active participation, communication remains the key to its universal success. That is why SMS-integration is one of the most relevant features companies look for in this software. The other advantages include personally & group messaging, automated replays, information source, and auto templates for all members. Our experts are capable of adding more plug-ins that benefit people who choose this plan. The new software is fitted with email support, online chat, and ticketing. It is responsive enough for continued activity. Many business members like remaining connected with each other, and this system is ideal to adopt for long-term profitability.
An MLM software development company usually offers custom options for customers to choose from for board split. Prime offers three MLM board plan variations for board split such as multiple board system, single board system, and two board system. The experts at prime MLM creates customized board MLM plan that generates maximum profit for your MLM business plan. The MLM board plan offered by prime includes advanced web and mobile applications to accomplish maximum throughput and allow extensive income production for MLM companies.
Without incentives, no plan works effectively. Prime MLM Software takes it into account to ensure the commissions add to the referrals, completion of the board, and position bonus. For example, the referral bonus is calculated, keeping in mind the number of sales, user commission for sponsors.
MLM companies working with board MLM plan usually set a one-time joining fee for new members, and the admin panel decides the joining fee according to the company rule.
The Board Plan can be customized and developed as a single, multi, shuffling, autofill, and manual board. Once you ask for a free demo, we demonstrate how the commissioning setting is managed. A simple dashboard displays all the views efficiently. All the features are distinct with the rules and calculations. The compensation factors support almost every online vertical.
The Bulk Registration system allows users to submit registration information securely and electronically. It improves data accuracy, reduces discrepancies, and saves time.
The Activity Tracker in our MLM Software syncs with your MLM business to track the numerous activities performed every day to ensure a smooth flow of the Business.
Get rid of emails. Our System is equipped with the widget to provide 24/7 live support to provide immediate support and solution to our customer queries.
Our MLM Software enables customization of calculations on all MLM plans. Our System allows you to make changes in calculations according to user requirements.
Prime MLM Software permit rearrangement or adjustment in all compensation plans according to users’ requirement to suit their Business needs perfectly.
Prime MLM Software provides an open system to include members as per the needs of the Admin. There is no limit declared for the inclusion of members to the Network.
A completely automated Franchise Management process such as issuing a franchise, updating franchise details, etc., is provided with Prime MLM Software. Smooth management of all franchisees is assured, along with thorough reports.
SMS Integration helps in sending SMS in Bulk ratio in just a few minutes. Some of the many advantages of SMS integration include Sending of Bulk SMS Online, SMS Gateway API, Email to SMS Gateway, etc.
An Automated and Elaborate report on different kinds of expenditure of a particular period is provided to the Admin, which helps in making ideal decisions and further planning on the Business.