A board MLM plan is a type of multi-level marketing compensation structure where participants earn a commission not only for their sales, but also for the sales made by their recruits, as well as their recruits' recruits, and so on. WooCommerce is a popular e-commerce plugin for the WordPress platform that enables users to set up and run an online store.
A board MLM plan for a WooCommerce-powered website would integrate the MLM compensation structure with the online store, allowing participants to earn commissions not only from their own sales but also from the sales made by their recruits. To implement a board MLM plan on a WooCommerce-powered website, one can either use a custom-built solution or a third-party plugin specifically designed for this purpose.
A board MLM plan integrated with WooCommerce can have the following features:
Commission Tracking: Ability to track and calculate commissions earned by participants based on the sales made by themselves and their recruits.
Member Management: Ability to manage and track members of the MLM plan, including their personal details, sales, and commissions.
Genealogy Tracking: Ability to view and track the recruitment structure, i.e., the hierarchy of members and their recruits.
Reporting: Ability to generate reports on sales, commissions, and other relevant data to track the performance of the MLM plan.
Payment Processing: Ability to process and manage commission payouts to participants.
Marketing Tools: Ability to create and manage marketing materials, such as email templates and referral links, to promote the MLM plan.
User-friendly Interface: Easy-to-use interfaces for both administrators and participants, making it simple to manage and participate in the MLM plan.
Note that the specific features of a board MLM plan with WooCommerce may vary depending on the chosen solution (custom-built or third-party plugin).