MLM Software
MLM Software or multi-level marketing software is used to assist in the management of multi-level marketing businesses. Designed for those who are starting such businesses, it helps with everything from inventory to distribution to marketing and more. Network marketing may be effective, but it’s also complex. This is particularly true for those who manage Multi-Level marketing software.
MLM software goes a long way in handling sales, assisting in everything from invoicing to product orders to sales tracking and more. In doing these things, it helps the user to maintain control over his or her enterprise. When the user has control of the enterprise, he or she is able to optimize its performance and make as many sales as possible.
Features of MLM Software
Multiple Payout Plan
Single software can handle multiple plans, like binary, matrix and others. Thus keeping different plans is not cumbersome and is possible using MLM software.
Automatic Payout
Auto-generated and well calculated payout of product sale and service frees you from the hustle of maintaining accounts and auditing them.
Internationalization
Integration of the MLM software with an e-commerce facility provides your business an elevation due to its easy registration, purchase and payment options.
Member Management
It is designed in a way that supports connections to target market. Increased members are managed at the back of the office system.
Reports & Statistics
It becomes easy to track activities of members, all incomes, expenses and sale summary can be easily examined.
Network & Team Explorer
An entire team of members and clients can be managed through this MLM software plans. Small businesses have more chances to grow now.
Types of MLM Business Plan
Matrix MLM Plan
Matrix MLM plan or Forced MLM plan is a pyramid where team members are arranged into a fixed number of rows and columns. This is based on a commission structure which consists of a certain width and depth.
Binary MLM Plan
It is a compensation plan that consists of two legs (left and right) under every distributor. It is the most popular and successful plan. In this plan, commission calculations are carried out on the basis of business volume points.
Generation MLM Plan
The generation plan also known as Gap Commission plan is a motivational product selling MLM plan where every affiliate promotes the downline to the sale of the products and also get bonuses and incentives.
Party MLM Plan
Party Compensation Plan is a novel approach implemented by MLM companies for promoting or publicizing of their products. During the event, the company's products will be exhibited for sale.
Board MLM Plan
Board MLM plan or Resolving Matrix Plan is a simple plan well suited for a limited number of people within a network. It's the most popular International MLM Plan where a group of affiliate works as a team called Board.
Gift MLM Plan
Gift MLM plan is a variation of cash gifting. The basic concept is to send a gift to one member and receive multiple gifts from many other members. So each member will be benefitted with multiple gift receipts from other members.
Hybrid MLM Plan
Hybrid plan is a combination of two or more traditional compensations plan. It is used by the multilevel marketing company for growth and development of the business services.
Australian Binary
It is the modification of tribinary MLM plans. The development of this plan is comparable to tri-binary. The largest payout is available for the members two of them to the right and one to the left.
Spillover Binary
Spillover Binary MLM plan is an advanced version of the forced binary. In the forced Binary MLM PLan, you can recruit only two people into your first level downline. After that, you are not able to recruit new members.
Single Line MLM
Single Leg MLM Plan, sometimes referred to as a monoline plan, forms a single chain of reference. The main idea is to gain profit from a single line. The first member who joins is the upline member.
Uni-level MLM
It is a compensation plan that has only one business level and all the sponsored members of the distributors are placed directly in the first level.
Australian X-UP
It is the purification of Uni-level MLM as it helps members to earn immense profits, and if the downline members reach the sales then upper –level members gain wonderful benefits.