Binary Magento | Binary Multi-Level Marketing [MLM] Plan for Magento Module Extension

Page 1

Binary MLM Software Binary Multi-Level Marketing Plan

What is Binary MLM Plan?

Binary Multi Level Marketing Plan includes a two legged structure where in a parent Node has two sub nodes where each new distributor or members is placed in either left or right sub-tree. One sub-tree is known as a Power Leg or Profit Leg while the second sub-tree is a Profit Leg or a weak leg.. It is one of the basic Binary MLM plan which is required by all the MLM organizations be it small or large. The binary MLM plan helps admin managing users or sub nodes in a binary network to keep record of their income, expenses etc.

Does Binary MLM Plan Work? Binary MLM Plan Work : The new members sponsored by distributors are added either on the left leg or right leg. Upon adding two new members on either side of the subtree, a binary tree gets formed. All the new members referred after forming a binary tree gets spilled to the downlines.
How
MLM Compensation Plan
MLM Plan Software is a web application that helps to manage binary MLM networks such as to keep track on downline’s incomes , uplines and expenditure.
MLM Plan includes a two legged structure where in a parent Node has two sub nodes where each new distributor or members is placed in either left or right sub-tree. One sub-tree is known as a Power Leg or Profit Leg while the second sub-tree is a Profit Leg or a weak leg.. It is one of the basic Binary MLM plan which is required by all the MLM organizations be it small or large. The binary MLM plan helps admin managing users or sub nodes in a binary network to keep record of their income, expenses etc.
Binary
Binary
Binary

Binary MLM Plan

Note: Distributors become a part of the binary plan by purchasing an enrollment package. The enrollment package here means either a service or a list of products. The distributor buys the package and becomes a part of the binary MLM company .

Lets See Different Scenarios Of Forming A Binary MLM Structure

Before looking into the structure, try to understand the difference between a Sponsor and the Parent of a downline.

Sponsor: The sponsor is the person who introduced the new member to the binary network.

Parent: The distributor, who is the direct upline of the new member introduced to the binary network.

Binary MLM Commission There are five types of commission • i. Join Commission • ii. Direct Referral Commission • iii. Pair Commission • iv. Bonus Commission • v. Royalty Commission

Join Commissions

MLM companies create join commission to encourage their mlm members and attract more new members to join binary network. this commission amount credit in user’s account at the time of joining the network .

Pair Commission

Pair commission or binary commission. the distributor or user sponsors new member to balances both legs with active members. when the user balance both legs with active leg, user will be able to achieve pair commission. The commission is calculated based on percentage the amount the company has already defined.

Bonus Companies create their own custom bonus to motivate their distributors and attract more distributors to join their binary network. this bonus amount is automatically credited to the distributer’s account based on their referrals which is defined by company. Royalty Bonus In the royalty bonus, when a certain set target is achieved by distributers , then all the eligible members receive certain percentage of amount as bonus as per the company’s rule.
Custom

Direct Referral Commission

The referral commission is also referred as sponsor commission / leader bonus or the introducer bonus is the benefit gotten by a user for introducing new members to the downline network. The commission is calculated based on the percentage or fixed of the amount the company has already predefined. The commissioned amount is automatically credited to the user’s account.

Binary MLM Plan Features Admin Features • Eligibility Setting to get commissions. • Initial Pair commission settings. • Initial pair amount settings. • Further Pair commission settings. • Further Pair amount settings. • Join commission Settings. • Direct Referral commission Settings. Frontend Features • Dashboard feature for logged-in customer . • Payout listing for logged-in MLM customer. • Payout detail of logged-in MLM customer. • Feature to withdrawal request . • It works Based on Binary Rules i.e. 1X1, 1X2, 2X1,2X2 etc.
LETSCMS Pvt. Ltd. Contact US Skype : jks0586, Email : letscmsdev@gmail.com Call/WhatsApp/WeChat : +91-9717478599 Website : www.letscms.com, www.mlmtrees.com

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.