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August 29, 2020;
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The network marketing industry has various MLM business plans that it uses to attract sponsors/ established distributors and compensate them accordingly. These plans are mainly the reason for many people who work primarily in this industry to jump ship to other companies that offer better compensation plans.
The Board Plan, also known as the Revolving Matrix MLM Plan is a very successful MLM business plan for all organizations that are not too big or don’t aspire to grow too big. While no one chooses to stay small, if your organization is selling premium products, you may be forced to keep these companies small in order to keep a tight control on supply and ensure that your product is able to command the premium price that you want it to have.
The Board Plan lets you have only two trees/ legs/ downlines under you. The company will set the number of members that each board or network can have. The moment you cross that limit, your network gets split into two or more networks and the best performing members are promoted to the top of this new network. This cycle keeps repeating continuously.
Once a person joins a company under this plan, he or she is allotted a board with details that specify their targets and the sponsors start getting paid only when they achieve these targets. These are usually for the number of people who join their network and for the sales that is achieved by them.
The MLM income calculator for this plan also rewards sponsors for selling products and signing on new members. New members have to pay a joining fee, but every time they complete a certain level or achieve a target, the company gives them twice the amount of money they paid while joining plus an additional incentive. You as the head of the network may set the amount of commission for your network as long as it is in line with your performance and the MLM company agrees with it. A few other benefits that one can earn apart from what they get from their MLM income calculator are loyalty benefits and referral commissions.
The Board Plan is a well recognized business plan in USA and other developed countries. There are many types of board plans that exist currently. They are mentioned below:
1. Single board plan
2. Multi board plan
3. Shuffling board plan
4. Auto filling board plan
5. Manual filling board plan
Board plan MLM Income calculators are said to offer some of the highest earnings per sponsor/ distributor due to the limited/ small size of the MLM network that is kept at all times. This has been said to be the major reason for the low attrition rates that a network marketing business has when following the Board Plan.
The Board Plan is preferable to many companies as less number of employees and sponsors also means less overhead costs and other costs associated with running a large scale business. This would include less salaries (even though it would mean more salaries per person), more clients handled per person, more sales per head, etc.