Monoline MLM Plan was introduced in 2008, it is one of the best compensations of all MLM Plans. The most interesting fact of Monoline is that it has only one leg to work. Every member automatically goes down once new member join. Before we go in detail about Monoline Plan, Let’s try to understand what is Multi-Level Marketing and its Compensation Plans.
WHAT IS MLM AND MLM COMPENSATION PLANS?
Multi-Level Marketing (MLM) is a strategy that sells
products and services through a network of people. The MLM business strategy is
also popular in the name of Network
Marketing. Now, if you understood about MLM, Let’s talk about its
Compensation Plans
Compensation Plans are nothing but business
plans provided by MLM Companies for the benefits of their employees and
clients. It is also popular in the name of MLM Plans or Beneficial Plans.
MLM Plans are made on the basis of payment schemes and bonus scales. Every
company offer different MLM plans from well-established firms to Start-ups.
Monoline Plan is one of the important MLM Plan among many others. Now let go in
detail to it.
WHAT IS MONOLINE MLM PLAN?
The Monoline Plan for each
member's downline consists of only one leg. So,
the other term which people use to refer to this plan is the Linear plan. As time passes it is becoming one of the
fastest growing compensation plans used by various MLM Companies. In Monoline
plan, you will receive income from everyone below you even those who you have
not introduced to the company personally.
HOW MONOLINE MLM
PLAN WORKS?
In this plan, members
are added in a linear level, one below the other, in a first come first serve
basis. Other terms that people use to refer
to this plan is Single-leg Plan. This
name may confuse people that, it may be a Single-level Plan. But, no it’s not,
because it can contain two or more levels. In the Single-Leg MLM, a user can
sponsor to the Nth level. The sponsor gets a bonus from the business
volume of each member in his down-line.
The Linear MLM Plan has advantages that make it very unique among
other MLM Plans. It's easy to know and operate because the calculations are
less complex. With a vast and broad plan, the Monoline MLM allows a sponsor to
possess several distributors under him, while allowing the distributors to have
more sub-distributors under them.
ADVANTAGES OF
MONOLINE MLM PLAN
Monoline MLM Plan is as simple and
straight forward among any other MLM Plan. It makes the recruiting and managing
process easy. The Plan takes time to yield profits at the initial stages.
Eventually, the business will modify the commission structure, or add
fundamentals and conditions in limiting the number of enlisting. This will
balance the commission rates and also keep a stable business growth.
There are many reasons which make Monoline Plan commonly used
business plans in Network
Marketing. Most importantly it’s the Compensation bonus which attracts more
people toward it. Let’s have a look at the exciting bonus plans of Monoline
Plans.
1. Starting Bonus: A bonus received when the distributors reach
some criteria within a certain time in the business. Even though it is a
Single-leg Plan, the users will get many re-entries when system grows and they
will be receiving commissions too. This is a speciality only for Monoline Plan.
2. Sponsor Bonus: A bonus received for referring new members to
the network, like in any other MLM Plan. The difference is that, this as a
Motivational Bonus. This type of bonus is offered by sponsors to make members
actively stable in network expansion.
3. Rank Improvement Bonus: A bonus received once a distributor moves up
to higher ranks by accomplishing certain rank in a company. This bonus is paid
to existing members when they are eligible to the higher level or rank. It is
like a promotion bonus in the MLM industry.
4. Matching Bonus: A bonus received by the distributors once the
downline members get a Sponsor Bonus. When a user gets a referral bonus or
re-join bonus, his sponsor will be getting a same bonus like other MLM Plans offers.
Additionally, The Monoline compensation plan
allows the first salesperson to benefit from the fewest effort, which involves
his downline. An extra bonus is offered from the sales rate from every
individual.
WHAT IS A MONOLINE MLM SOFTWARE
Monoline MLM Software offers solid focus on providing the most advanced
solutions to the MLM business. This technology offers a wide range of features
to make businesses to smooth and fast. Also, it can be custom-made especially to
help each MLM companies to maintain their unique business strategy.
BENEFITS OF A MONOLINE MLM SOFTWARE
MLM Software
has been designed to manage the Plan accurately. For many businesses,
transparency and real-time results add to the overall benefits of this
application. The essential factors that make the software work for you are:
· Managing payments and Transactions.
· Guide you with monthly bonus calculations of clients and employees.
· The software will provide you with sales reports.
· Helps you with the stable business progress.
· This technology can monitor targets, and track sales.
CONTACT US
Techffodils
Technologies LLP
37/24 Z, Second floor,
Calicut Business Centre, Kallai
Calicut - 673003
Kerala, India.
Mobile : +91
9946345177
WhatsApp :
+91 9847749538
Skype: LeadMLMSoftware
Email: support@leadmlmsoftware.com
Comments
Post a Comment