Matrix multi-level marketing plan

The Matrix Multi-Level Marketing Plan is a compensation Plan of Multi-Level Marketing (MLM) or Network Marketing. In this MLM method, organizations hire more members to keep the fixed set of primary members in their business network.Multi-Level Marketing compensation plan paid out from commissions based upon the sales and purchases made by other distributors below the participant who have recruited into the MLM network.

WHAT IS MATRIX MLM PLAN?

Matrix MLM Plan is a business method where agents or clients are arranged into a fixed number of rows and columns. As the width of the network is limited, organizations can engage more members in the downline and keep the solid set of members. The Matrix MLM Plan has a restricted width. Unlike other MLM compensation plans, matrix limits the number of sellers you can promote on your first level, usually to less than five. The most commonly used matrix MLM structureare 3X9, 2X12, 4X7, and 5X7.

HOW DOES MATRIX MLM PLAN RUNS?

Matrix MLM Plan works as the existing members are added to the frontline when new members are recruited, they spill over to the succeeding level and even to other levels following to that.While comparing to other MLM Plans, the matrix MLM compensation plan is entirely diverse. This is a case of altering an unlimited opportunity into a limited-income situation, this matrix MLM compensation plan maintains its network as a limited network, which makes it easy to handle.

BEST FEATURES OF MATRIX MLM PLAN

• Matrix Plan is Customizable: With customized matrix MLM plans, companies can pick up a method of their choice and even build an altogether new one with the Matrix MLM Software.
• Fixed Structure of Matrix MLM: The fixed width and depth structure allow companies to easily add and keep track of new members and locate the default members.
• Easy to handle and learn: The matrix MLM plan has a user-friendly interface that makes it easy to understand for teams in an organization.

WHAT ARE THE OTHER MATRIX MLM PLANS?

1. Matrix Commission Plan

The Matrix Commission feature allows you to make commission plans supported by multiple variables. You can pay your associates with different rates for various products depending on the demand on specific region during which that product is sold.

2. Revolving Matrix Plan

A Revolving Matrix Plan is one of popular Matrix MLM plans which is also known as Board Plan. Here, if a group consists of more than a certain set of members, the board splits into two sub-trees. This makes it easy to handle for both associates and clients.

HOW INCOME IS GENERATED IN MATRIX MLM PLAN

• Supporter Bonus will be provided

The Sponsor bonus is the amount earned from adding the downline members on the front line. MLM companies offer sponsor bonuses or referral bonuses as an incentive to recruit new members. Team members can earn sponsor bonuses after filling the first level of the matrix MLM plan.

• Level Commissions can be received

Level Commission is the bonus earned by recruiting new distributors. The level commission can be received when the front line members hire new members and get a commission from their sales.

• Position Bonus

Position Bonus is an opportunity to earn an additional income. A member will be qualified for the position bonus when the downline team members recruit new members, and they join within their matrix.

• Forced Matrix Bonus

Matrix bonus is an additional reward for the distributors. The members are eligible for this bonus when they fill their matrix with downline members.

ADVANTAGES OF A MATRIX MLM PLAN

1. Many advantages turn the plan support in earning better productivity, especially for the one who picks this as a part-time distributor. An efficient software will help the business to manage all the parameters of a Matrix compensation.
2. Due to its width restriction compared to depth restriction, the distributors can focus on developing downlines once the frontline distributors are filled.
3. It is a very rigid plan where the distributors are allowed to place the new members in specific positions, and hence the new members will be flexible.
4. Matrixes are easily manageable. As your top line will never exceed 2 to 3 distributors, it becomes easier for you to put investment in the leading line distributors. This personalized attention leads to better progress of the organization.
5. Most of the matrix income plans are straightforward things present in some other MLM plans. These plans are easier to understand for proposed downline members.

HOW MATRIX MLM BENEFITS TO THE COMPANY

The fixed width and depth of the matrix guarantee sales representatives to focus on recruiting to fill in their frontline first. And then later developing the downlines of the business network. So, the MLM company helps to build a team who supports new representatives and rewards initiatives.

DISADVANTAGE OF MATRIX MLM PLAN

Matrix MLM Plan is a wide MLM Method as it has many advantage it also has some disadvantages.The company pays the commission on the root of the position in the matrix. So, there is a slight chance that the scenarios may get disordered because the company reflects commission through the width and depth of the network.

CONCLUSION

As we know, Matrix MLM Plan is a unique plan compared to other compensation plans. Matrix MLM also offers a deep level to benefit with more substitution benefit plans for more possibilities.

Multi-Level Marketing Software is the prominent marketing software around which any successful MLM business depends on.