Force matrix laravel, force matrix, matrix mlm plan, fmp-banner, force matrix mlm, force matrix mlm plan, force matrix laravel plan, force matrix mlm wordpress, force matrix mlm ecommerce plan, force matrix mlm woocommerce, force matrix mlm plan wordpress plugins, fmw mlm plan, fmp mlm plan, fmp mlm ecommerce plan, matrix mlm compensation plan, direct selling plan, force matrix mlm business software, Product Base MLM Software - Fully Customised MLM Software, MLM Matrix Plan, mlm matrix plan pdf, matrix mlm plan calculator, board mlm software, mlm matrix plan excel, matrix plan mlm, force matrix mlm software, Force matrix mlm Software, matrix business plan, Benefits of the Forced Matrix MLM Plan?, What is Force Matrix MLM Plan?, How does a force matrix MLM Plan Work?, force matrix mlm ecommerce plan, force matrix eCommerce Plan, force ecommerce plan, force matrix affiliate plan, force matrix mlm affiliate plan, force matrix multi level marketing plan, force matrix multi level marketing software

Board MLM Software

Board MLM Plan, also known as the Matrix MLM Plan, is a compensation structure commonly used in multi-level marketing (MLM) programs. It operates on a unique concept where participants are organized into a matrix or board, and their progression through different stages of the matrix leads to earning commissions and bonuses.

Facebook
Twitter
LinkedIn
Pinterest

What is Board MLM Plan?

Force matrix laravel, force matrix, matrix mlm plan, fmp-banner, force matrix mlm, force matrix mlm plan, force matrix laravel plan, force matrix mlm wordpress, force matrix mlm ecommerce plan, force matrix mlm woocommerce, force matrix mlm plan wordpress plugins, fmw mlm plan, fmp mlm plan, fmp mlm ecommerce plan, matrix mlm compensation plan, direct selling plan, force matrix mlm business software, Product Base MLM Software - Fully Customised MLM Software, MLM Matrix Plan, mlm matrix plan pdf, matrix mlm plan calculator, board mlm software, mlm matrix plan excel, matrix plan mlm, force matrix mlm software, Force matrix mlm Software, matrix business plan, Benefits of the Forced Matrix MLM Plan?, What is Force Matrix MLM Plan?, How does a force matrix MLM Plan Work?, force matrix mlm ecommerce plan, force matrix eCommerce Plan, force ecommerce plan, force matrix affiliate plan, force matrix mlm affiliate plan, force matrix multi level marketing plan, force matrix multi level marketing software

Matrix Structure

  • Participants are organized into a structured matrix or board with a set number of levels and positions.
  • The matrix is often arranged in a specific format such as 2×2, 3×3, or similar, where each level represents a depth in the matrix.

Position Filling

As participants join the MLM program, they are placed into open positions within the matrix. New members are typically added to the matrix horizontally, filling positions from left to right or top to bottom.

Board Completion

The primary goal for participants is to fill all the positions within their matrix or board. Once all positions are filled, the matrix is considered complete, and participants may become eligible for commissions and bonuses.

Cycle Completion

When a matrix is complete, it often cycles or splits into multiple new boards. The participant at the top position of the completed matrix may receive a bonus or commission, and other participants may move up to higher-level matrices.

Board Splitting and Advancement

Promotion: Upon board completion, the top member (or multiple top members, depending on the plan) is promoted to a higher-level matrix. This creates an open position at the top of the current matrix. Matrix Movement: The other participants on the completed matrix move up one level, and the bottom row positions become vacant for new members to join.

Bonuses & Commissions

Participants may earn bonuses or commissions based on specific criteria, such as completing a matrix cycle or achieving certain sales targets. Bonuses can vary in amount and structure, depending on the MLM company’s compensation plan.

Recruitment and Teamwork

Success in the Board MLM Plan often depends on participants’ ability to recruit new members and fill positions within their matrix. Participants are encouraged to support their downline members and work together to fill matrices and achieve goals.

Continuous Cycling

The process of filling matrices, completing cycles, and earning bonuses can continue indefinitely as participants progress through multiple cycles.

Board MLM eCommerce with an E-pin System

Board MLM eCommerce with an E-pin System is a combination of a Board MLM Plan, an eCommerce platform, and an electronic pin (E-pin) system. Here’s a breakdown of each component:

eCommerce Platform

The eCommerce platform enables participants to buy and sell products or services online. It provides features for product listing, inventory management, payment processing, order fulfillment, and customer management.

E-pin System

  • An E-pin system is a method used in MLM businesses for product purchase, registration, or other transactions.
  • E-pins are electronic codes or tokens that represent a certain value or entitlement within the MLM system.
  • Participants can use E-pins to register new members, purchase products, or activate accounts within the MLM program.

Board MLM eCommerce with E-pin System

  • In this system, participants can engage in both MLM activities (such as recruiting new members and building their downline) and eCommerce transactions (such as buying and selling products).
  • E-pins may be used for various purposes, such as product purchases, account activations, or membership renewals.
  • Participants can earn commissions and bonuses through both MLM activities and eCommerce sales, depending on the compensation structure of the MLM program.
  • The integration of the Board MLM Plan with eCommerce and E-pin systems offers a comprehensive platform for participants to conduct their MLM business and eCommerce activities efficiently.

Board MLM Plan typically offers various commissions and bonuses

The Board MLM Plan typically offers various commissions and bonuses to participants based on their activities and achievements within the MLM program. Here’s an overview of the common commissions and bonuses associated with the Board MLM Plan:

Affiliate

  • Participants earn commissions for referring new members to the MLM program.
  • The commission is usually calculated as a percentage of the sales or purchases made by the referred members.

Level Commission

  • Participants earn commissions based on the sales volume or activity of members in their downline up to a certain level.
  • The commission may vary depending on the level within the matrix or board structure.

Join Commission

  • Participants earn commissions when new members join the MLM program under their sponsorship.
  • The commission may be a one-time payment or a percentage of the joining fee paid by the new members.

Matching

  • Participants earn commissions based on the sales or activity of members they personally sponsor or recruit.
  • The commission is often calculated as a percentage of the earnings or bonuses earned by the sponsored members.

Completion

  • Participants earn commissions for referring new members to the MLM program.
  • The commission is usually calculated as a percentage of the sales or purchases made by the referred members.

Regular Bonus

  • Participants earn regular bonuses based on their ongoing sales or activity within the MLM program.
  • The bonus may be awarded periodically, such as monthly or quarterly, and is often based on performance criteria set by the MLM company.

Fast Start Bonus

  • Participants earn bonuses for achieving certain milestones or targets shortly after joining the MLM program.
  • The bonus is typically awarded as a reward for quick and successful start-up activity within the program.

Royalty Bonus

  • Participants earn regular bonuses based on their ongoing sales or activity within the MLM program.
  • The bonus may be awarded periodically, such as monthly or quarterly, and is often based on performance criteria set by the MLM company.
  •  
  • These commissions and bonuses are designed to incentivize and reward participants for their efforts in recruiting new members, building and maintaining their downline, and generating sales within the MLM program. The specific structure and amount of commissions and bonuses may vary depending on the compensation plan implemented by the MLM company.

Board MLM Capping

Board MLM Capping refers to the maximum limit or cap placed on the earnings that a participant can receive within a specified period under the Board MLM Plan. This capping is implemented to control the distribution of commissions and bonuses and ensure that the MLM program remains sustainable and profitable for the company.

Max Earnings

The MLM company sets a maximum limit on the total earnings that a participant can receive within a certain time frame, such as daily, weekly, or monthly.

Calculation

The earnings subject to capping may include various types of commissions and bonuses earned by the participant, such as affiliate commissions, level commissions, matching commissions, completion bonuses, etc.

Monitoring

  • Participants earn bonuses for achieving certain milestones or targets shortly after joining the MLM program.
  • The bonus is typically awarded as a reward for quick and successful start-up activity within the program.

Adjustment

If a participant’s earnings reach or exceed the capping limit, any additional earnings beyond the cap may be adjusted, redistributed, or withheld by the MLM company.

Fairness

MLM companies strive to implement capping policies that are fair and transparent to all participants, ensuring that no individual unfairly dominates the earnings pool or disrupts the balance of the compensation structure.

Overall, Board MLM Capping serves as a mechanism to maintain the financial stability and sustainability of the MLM program while promoting fairness and equal opportunity among participants. It helps prevent excessive payouts and ensures that the earnings distribution remains manageable and equitable for all members of the MLM network.

Features of Board MLM Plan

The Board MLM Plan typically involves various features and functionalities to support the management and operation of the MLM program. Here are some common features associated with the Board MLM Plan:

User Dashboard

Provides participants with an overview of their account status, earnings, downline structure, and other relevant information.

Genealogy Tree

Displays the hierarchical structure of the participant’s downline, showing their recruits and sub-recruits in a graphical format.

E-Wallet

Allows participants to manage their earnings, bonuses, and withdrawals within a digital wallet system integrated into the MLM platform.

Member

Enables administrators to manage participant accounts, registrations, permissions, and other user-related tasks.

Downline's

Provides tools for participants to monitor and manage their downline, including recruitment, training, and support activities.

Affiliate Link

Generates unique referral links for participants to share with potential recruits, tracking their referrals and attributing them to the appropriate sponsor.

Run Payout

Facilitates the process of calculating and distributing commissions, bonuses, and payouts to participants based on the MLM compensation plan.

User Report

Generates reports and analytics on participant activity, earnings, performance, and other relevant metrics.

Withdrawal Limits

Sets minimum and maximum limits on the amount of funds that participants can withdraw from their e-wallet accounts.

Ecommerce

Integrates e-commerce features such as product listings, shopping carts, checkout processes, and payment gateways for buying and selling products or services within the MLM platform.

LMS System

Integrates a learning management system for providing training, courses, and educational resources to participants for skill development and product knowledge.

Earner & Sponsors

Highlights top earners and sponsors within the MLM program, providing recognition and incentives for high-performing participants.

These features collectively support the operation, management, and growth of the MLM program, empowering participants to build and manage their networks effectively while maximizing their earnings potential.

Advantage of Board MLM Plan

The Board MLM Plan integrated with eCommerce functionality or a Learning Management System (LMS) offers several advantages for MLM businesses and participants. Here are some key benefits:

Revenue Streams

Integrating eCommerce functionality allows MLM participants to sell products or services online, providing additional revenue streams beyond traditional MLM commissions and bonuses.

Incorporating a Learning Management System enables participants to offer training courses, tutorials, or educational materials to their downline, generating revenue from course enrollments or subscriptions.

Increase Productivity

eCommerce integration streamlines the process of buying and selling products within the MLM network, enhancing productivity and efficiency for participants.

An LMS provides a centralized platform for delivering training and educational content to participants, improving learning outcomes and knowledge retention.

Enhanced Customer

eCommerce integration offers participants a user-friendly online shopping experience, improving customer satisfaction and retention.

An LMS allows participants to access training materials anytime, anywhere, enhancing their learning experience and engagement.

Expanded Market

  • eCommerce functionality enables MLM participants to reach a wider audience of potential customers beyond their immediate network, increasing sales opportunities and market reach.
  • An LMS allows participants to offer training courses or educational content to individuals outside their MLM network, attracting new prospects and generating leads.

Tracking and Analytics

  • eCommerce integration provides robust tracking and analytics tools for monitoring sales, customer behavior, and product performance, enabling data-driven decision-making and optimization.
  • An LMS offers detailed insights into participant engagement, course completion rates, and learning outcomes, empowering administrators to assess training effectiveness and make improvements.

Competitive Advantage

  • Integrating eCommerce or an LMS into the Board MLM Plan sets the MLM business apart from competitors by offering additional value-added services and resources to participants.
  • It positions the MLM business as a comprehensive solution provider, catering to both product sales and training needs within the network.

Technolgy of Board MLM Plan

WooCommerce

The integration might involve setting up products or packages that participants can purchase to join the MLM program.
The purchased packages could determine the matrix size and level at which participants start.

LearnPress

LearnPress could be used to provide training and resources to MLM participants.
Participants might access courses that educate them about the MLM program, products, and compensation plan.

Custom MLM Plugin

A custom MLM plugin needs to be developed that integrates with both WooCommerce and LearnPress.
This plugin would track participants’ progress through the matrix, handle board completions, calculate commissions, and manage bonuses.

Request For Demo