What is MLM Board plan?
Board plan MLM is also known as Revolving and it is suitable for a limited number of people. As the name suggests, a board constitutes the centerpiece in this plan. It has a few members on it depending on the type of board plan in usage.
The commonly adopted board plan is a 2×2 board plan wherein each member has to recruit two other people. This continues till all the positions on the board are filled. When the number of members exceeds the limit of the board, it is split into two sub-boards and the top member is promoted to the higher level. This keeps repeating every time a board reaches the maximum allowed members.
How does MLM Board plan works?
Once you have joined the Board Plan, a blank board is given which is required to be filled with a few columns in coordination to the entry of your associates. The dimension of columns may vary with respect to the companies. The commission is rewarded with the completion of columns with the associates.
In board-plan sponsorship is limited to two member legs on your first level and your downline is also constrained to two level depths. That is, this plan allows sponsoring two members on the first level and four on the second level. In total, provides a full or completed Matrix Cycle of 6 people.
MLM companies generally collect a one-time joining fee from every distributor, which is a commission in the case of Board MLM Plan. But, at the time of completion of the matrix cycle by the allocation of 6 members in the network, Board-plan MLM companies usually pay out a compensation of two times that of joining fee.
How it works using MLM software
Board MLM Plan varies in down-line levels but in common it’s more like a two-level Matrix Plan that has a level of members in the network structure. A set of member positions will be allotted on the plan and the members who join the network will be placed on such slots. And fills out the position say, in a 6 member plan the new joiners will be added to remaining 5 positions and this pack is termed as a “board”. In one plan itself, there might be many such boards that make users beneficial to treat the wisdom of business compensations.
A member joins into the network by providing a joining amount, and the whole members will have to pay such an amount during the beginning period. After this member space is occupied, the board members will get a double of what they provided during the signing up period. The member or the one who started the plan will drop off from the plan permanently after forming a complete board. The next two members in the two legs respectively will be now split up into two boards and will begin to make their own board. Check out the below process represented in the form of pictorial representation to have a quick idea on the plan structure.
The plan is perfect for any sort of extend that leads to earning path and has been channelized to the different version in the context of business. Single board plan, multi-board plan etc. are available for different versions of business strategy and using an MLM Software this plan can be easily organized by managing the boards separately. Members in the plan thus have multiple opportunities to make more and more income from the same plan and for each extends this is the best opportunity for a growing business life.
Features of Board MLM plan
- Cross Matrix Board Plan
- Unlimited Income Board Plan
- Recycle Entry in Board
- Automated member promotion
- Level management
- Automated board splitting
- Detailed Board Reports
- Board searching & member searching