Technology
Board Plan WooCommerce | Board MLM Plan with a completely Customizable MLM Platform
- Jitendra Sharma
- 21st Mar 2023
Board MLM Plan with a completely Customizable MLM Platform
Board Plan is a type of compensation plan used in multi-level marketing (MLM) businesses, where distributors are organized in a matrix or board structure. In this plan, distributors recruit new members into their downline, who in turn recruit others, forming a team or board. Each board has a limited number of positions, and once filled, the board splits into two new boards, with the distributor at the top of the original board moving to the next level.
The WooCommerce WordPress plugin is a popular e-commerce plugin that enables businesses to set up online stores on their WordPress websites. It provides features such as product management, shopping cart functionality, and payment processing.
When used together, the Board Plan and WooCommerce plugin can provide MLM businesses with a comprehensive platform for managing their sales and compensation plans. The Board Plan can be integrated into the WooCommerce plugin, allowing businesses to track sales and commissions for each distributor in their downline. This can help businesses manage their sales teams more efficiently, while the WooCommerce plugin provides a robust e-commerce platform for selling products and managing transactions.
Board Plan with WooCommerce integration may offer
Matrix/Board Structure
The Board Plan should support the creation of a matrix/board structure, where distributors can be placed in specific positions, such as left or right, based on their recruitment hierarchy.
Board Splitting
When a board is filled, the system should automatically split it into two new boards, with the distributor at the top of the original board moving to the next level.
Commission Calculation
The system should calculate commissions based on sales volume, and the commission percentage should be based on the distributor's position in the matrix/board structure.
Dashboard
A dashboard should be available for each distributor, where they can track their sales volume, commissions earned, and other performance metrics.
Payouts
The system should support different payout options, such as bank transfer, PayPal, or e-wallets.
Integration with Woo-Commerce
The Board Plan should be fully integrated with the WooCommerce plugin, enabling businesses to manage sales and commissions for their online store.
Reports and Analytics
The system should provide various reports and analytics, such as sales volume, commissions, payouts, and team performance metrics.
Board Plan Affiliate Software
An MLM affiliate program is a type of compensation plan offered by some multi-level marketing (MLM) companies. In an MLM affiliate program, members are able to earn commissions by promoting the company's products or services and by recruiting new members to join the MLM.
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
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Author
Jitendra Sharma
Owner of Letscms
Jitendra Sharma
Owner of Letscms
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