Board plan is otherwise known as revolving matrix plan or matrix cycle plan. This Plan gives you a chance to benefit from the effort of all the other board members. Because a specific member is entitled to a bonus or commission every time the Board/Matrix Cycle entry is finalized.
The Board provides a modern enterprise planning system that integrates strategic, financial and operational planning, allowing complete control of performance across the organization.
The working method of Board MLM Plan is simple. However, you have to understand it to be able to maximize it effectively. When you join this cycle plan you are usually given a blank board and it is required that you fill in your associates.
Board plans are limited in both width and depth, depending on your circle of choice. You may be allowed a sponsorship of only two members at the first level and then with only two levels of depth, you will have a full matrix of six members and you will be compensated.
A few compensation and bonuses make this plan an exciting offer to explore. These bonuses include
Members are able to receive bonuses when new members are recruited to the downline. Additionally, status bonuses may also refer to bonuses or commissions resulting from the efforts or achievements of downline members.
The amount rewarded to a successful customer on touching the levels defined by the organization. The levels can be improved by achieving a milestone set by the company and you get rewarded as much you raised in levels.
Matching Bonus will occur in cases when a user gets the bonuses like referral bonus or rejoin bonus, then the sponsor will also get the same advantage i.e., both user and sponsor will get the bonus at the same time. This kind of bonus is called as a matching bonus.
The referral Bonus is also referred as 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 of the amount the company has already predefined. The commissioned amount is automatically credited to the user’s account.