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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.
Board MLM Plan, also known as a Matrix MLM Plan, is a compensation structure used in Multi-Level Marketing (MLM) programs. It involves a unique system where participants are organized into a specific matrix or board, and their progress through this matrix leads to earning commissions and bonuses. Here’s how it works:
Matrix Arrangement: Participants are organized into a fixed matrix, often in a format like 2×2, 3×3, or similar. This means that each level of the matrix has a predetermined number of positions.
Position Filling: When new members join the MLM program, they are placed into open positions in the matrix, typically starting at the first level. As more members join, they fill the positions horizontally.
Board Filling: The matrix has a set number of positions that need to be filled to complete a board. For example, a 3×3 matrix has 9 positions to fill.
Cycle Completion: Once the matrix is filled, it’s considered a cycle or board completion. The participant at the top position of the matrix often receives a reward or bonus for this cycle’s completion.
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.
Cycle Bonus: Participants receive a cycle bonus or commission when their matrix completes a cycle. This bonus can be in the form of cash, points, or other incentives set by the MLM company.
Referral Bonus: Participants can also earn referral bonuses by bringing in new members to the program. These bonuses might be tied to the recruitment efforts and performance of the new members.
The Board MLM Plan encourages teamwork and support within the matrix, as everyone benefits from board completions.
Spillover: Up-line members might place recruits in the downline of their team members, helping them progress faster.
The structure of the plan can help participants understand and track their progress more easily.
Board MLM Plan is a compensation structure often implemented by MLM companies, and it is not a built-in feature of WooCommerce or LearnPress. WooCommerce is an e-commerce plugin for WordPress, while LearnPress is a learning management system (LMS) plugin for creating and managing online courses. However, some MLM companies might integrate their compensation plans with these platforms using custom plugins or extensions.
If you’re looking to integrate a Board MLM Plan with WooCommerce and LearnPress, you might need to work with developers or MLM software providers who can create custom solutions tailored to your requirements. It’s important to note that custom integrations can vary in complexity, and they might require careful planning and development expertise.
Here’s a general idea of how such an integration might work:
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.
For the LMS aspect, 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.
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.
The custom plugin would handle the matrix structure, board completions, promotions to higher levels, and associated bonuses or commissions.
The plugin might offer reporting features to participants, allowing them to track their progress, earnings, and downline performance.