Technology
Binary eCommerce Based MLM Platform | Multi-Level Marketing Software
- Jitendra Sharma
- 22nd Dec 2022
Binary eCommerce Based MLM Platform for Magento, Drupal, OpenCart, and WordPress
Binary Multi-Level Marketing Plan for Software
Binary MLM Plan includes a two-legged structure where a parent Node has two sub-nodes where each new distributor or member is placed in either the 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 plans which is required by all MLM organizations be they small or large. The binary MLM plan helps the admin manage users or subnodes in a binary network to keep a record of their income, expenses, etc.
Binary MLM Business Software
Binary Multi-Level Marketing [MLM] Plan Software is a web application that integrates with the Magento, Drupal, WordPress, and OpenCart Module and helps to manage binary MLM networks.
Benefits of Binary MLM Plan
- A binary plan has a straightforward approach and it is easy to calculate commissions.
- One can earn money in different ways such as pairing, sponsoring, and position/levels to members.
- This scheme provides several earning opportunities as the number of participants in the network grows.
- The restriction in width and depth minimizes the risk of network marketing business.
- The Spillover ability encourages more members to this binary plan.
- The distributors get promoted to a higher level once their downlines vacant places are filled.
- This plan is easy to manage the downline members as it has a fixed cycle.
- After filling out the downline members, the plan initiator can move on to other areas such as making your downline executives leaders.
Features of Binary MLM Plan
Admin Features
- Selectable/Choosable order status on which commission will be distributed feature.
- Feature customers should be MLM member from the register of Magento is selectable, which means required/optional.
- Feature number of levels decided feature of the network.
- enable/disable the feature on checkout registration.
- Referral Limit feature.
- plan Option (Price Based/Point Value Based).
- Point conversion with current currency.
- Eligibility Settings.
- Join commission settings (fixed/percentage).
- Referral Commission (fixed/percentage).
- Service charges (fixed/percentage).
- Tax deduction (fixed/percentage)
- Capping of the amount.
- Bonus commission settings based on a number of direct referrals.
- Level Commission Settings (fixed/percentage)
- Withdrawal Limit Settings (Min and Max).
- Royalty bonus settings.
- Email Settings.
- SMS Configuration Settings.
- SMS Settings.
- Payout Reports in the admin.
- User Reports in the admin.
- Feature Withdrawal pay in the admin.
- Feature Withdrawal Details in the admin.
- Genealogy representation of the Downlines.
- Genealogy is based on the user name.
- Run Payout – Distribute commission.
- Run Payout – Run Payout.
Frontend Features
- It works Based on Binary Rules i.e 1Xinfinite etc.
- There are five types of commission
- i. Join Commission
- ii. Referral Commission
- iii. Level Commission
- iv. Bonus Commission
- v. Royalty Commission
- vi. Pair Commission
- Dashboard feature for the logged-in customers.
- Payout listing for logged-in MLM customers.
- Payout detail of logged-in MLM customer.
- All commissions with detail on the payout detail page for logged-in MLM customers.
- Feature bank details for logged-in MLM customers.
- Feature to the withdrawal request.
- Feature withdrawal request Details on the withdrawal request page.
- Genealogy representation of the MLM customer Downlines in better design.
- Each MLM customer detail on genealogy in the form of a tooltip.
- Three places to register MLM customers.
- i. Register MLM customers on the registration page.
- ii. Register MLM customers by Geneology registration.
- iii. Register MLM customers by checkout registration.
Type of commission in the Binary MLM Plan
- Join Commissions
- Direct Referral Commission
- Pair Commission
- Custom Bonus
- Royalty Bonus
Join Commissions
MLM companies create join commissions to encourage their MLM members and attract more new members to join the binary network. this commission amount is credited to the user’s account at the time of joining the network.
Direct Referral Commission
The referral commission also referred to as the 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 amount the company has already predefined. The commissioned amount is automatically credited to the user’s account.
Pair Commission
Pair commission or binary commission. the distributor or user sponsors new members to balance both legs with active members. when the user balances both legs with the active leg, the user will be able to achieve pair commission. The commission is calculated based on the percentage of the amount the company has already defined.
Custom 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 the company.
Royalty Bonus
In the royalty bonus, when a certain set target is achieved by distributors, then all the eligible members receive a certain percentage of the amount as a bonus as per the company’s rule.
Alternatives Relative Binary MLM Plan & Free Demo
- Binary MLM Plan for OpenCart
- Binary MLM Plan for WordPress
- Binary MLM Plan for WooCommerce
- Binary MLM Plan for Drupal
- Binary MLM Plan for Magento
- Binary MLM REST API for WordPress ( WooCommerce )
Buy Now Documentation
Author
Jitendra Sharma
Owner of Letscms
Jitendra Sharma
Owner of Letscms
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