Multilevel marketing is a model of marketing and is a strategy that allows companies to reach customers in an effective way rather than traditional product distribution model. There are network of sellers/marketers in the multilevel marketing so it is also known as network marketing. However, there are different models of multilevel marketing that decides how new members are recruited, how they are paid etc. In multilevel marketing network one particular marketer is known as a node of the network. From a particular node, upper part of the multilevel marketing network is called as Upline and bellow part is called as downline. There can be parallel nodes to the first node too. The network of the multilevel marketing business is formed based on a compensation plan. Compensation plan is the structure that determines the model of the network. Compensation plan of a particular multilevel marketing company describes the strategy and personality of the business.
There are several well known multilevel marketing compensation plans. First is the binary compensation plan. In binary, one marketer get another two marketers immediately under him and it repeats down in the same way. Therefore, downline of each marketer consists of two sides (known as two legs) which needs to be balanced in order to get maximum benefits. A marketer should be very careful when selecting first two marketers because whole downline or multilevel marketing business of the marketer totally depend on those two marketers that are recruited immediately under him/her. Another popular compensation plan is the matrix plan. In matrix, there is a set width and depth of nodes that you can get paid when downline member make a sale. For example matrix plan of 3 by 5 (3 x 5) means that you can only have three immediate downline members and you will get paid for five such levels that are under you. Although these are two known compensation plans there are more used in the multilevel marketing industry. In fact, a company can use customized, hybrid compensation plans too. Few examples for compensation plans are unilevel plan, board plan, generation plan, weak side binary, Australian, breakaway etc.
Apart from the compensation plan there is another crucial factor that decides success of a multilevel marketing company that is the multilevel software. Multilevel software helps the business to manage all important aspects of the multilevel marketing business including compensation plan etc. For Singapore multilevel marketing businesses there is a software called Market Power Pro developed by MultiSoft.sg. MultiSoft.sg is the Singapore branch of the world renown MLM solution provider MultiSoft that is based on USA and operates around the world. Thanks to MultiSoft who opened their office here in Singapore too multilevel marketing marketer can visit Multisoft.sg to see more details on Multilevel software that supports list of multilevel marketing compensation plans and office address of the MultiSoft Singapore Branch (Multisoft.sg).
There are several well known multilevel marketing compensation plans. First is the binary compensation plan. In binary, one marketer get another two marketers immediately under him and it repeats down in the same way. Therefore, downline of each marketer consists of two sides (known as two legs) which needs to be balanced in order to get maximum benefits. A marketer should be very careful when selecting first two marketers because whole downline or multilevel marketing business of the marketer totally depend on those two marketers that are recruited immediately under him/her. Another popular compensation plan is the matrix plan. In matrix, there is a set width and depth of nodes that you can get paid when downline member make a sale. For example matrix plan of 3 by 5 (3 x 5) means that you can only have three immediate downline members and you will get paid for five such levels that are under you. Although these are two known compensation plans there are more used in the multilevel marketing industry. In fact, a company can use customized, hybrid compensation plans too. Few examples for compensation plans are unilevel plan, board plan, generation plan, weak side binary, Australian, breakaway etc.
Apart from the compensation plan there is another crucial factor that decides success of a multilevel marketing company that is the multilevel software. Multilevel software helps the business to manage all important aspects of the multilevel marketing business including compensation plan etc. For Singapore multilevel marketing businesses there is a software called Market Power Pro developed by MultiSoft.sg. MultiSoft.sg is the Singapore branch of the world renown MLM solution provider MultiSoft that is based on USA and operates around the world. Thanks to MultiSoft who opened their office here in Singapore too multilevel marketing marketer can visit Multisoft.sg to see more details on Multilevel software that supports list of multilevel marketing compensation plans and office address of the MultiSoft Singapore Branch (Multisoft.sg).