WooCommerce Binary MLM Software Services Provider | LETSCMS MLM Plans WooCommerce : A parent node contains two child nodes, and each new distributor or member is inserted in either the left or right sub-tree in the binary MLM plan's two-legged structure. While the second sub-tree is referred to as a Profit Leg or a weak leg, the first sub-tree is known as a Power Leg or Profit Leg. One of the fundamental Binary MLM plans, whether it be for a small or huge MLM firm, is a need. The binary plan aids the administrator overseeing users or sub-nodes in a binary network in keeping track of their earnings, outlays, etc.
Binary MLM Woocomerce Software is a web application that integrates with the Woocommerce plugin and helps to manage binary MLM networks.
Binary Multi-Level Marketing Plan
A parent node contains two child nodes, and each new distributor or member is inserted in either the left or right sub-tree in the binary MLM plan's two-legged structure. While the second sub-tree is referred to as a Profit Leg or a weak leg, the first sub-tree is known as a Power Leg or Profit Leg. One of the fundamental Binary MLM plans, whether it be for a small or huge MLM firm, is a need. The binary plan aids the administrator overseeing users or sub-nodes in a binary network in keeping track of their earnings, outlays, etc.
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
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.
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.
SMS Configuration 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.
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
Direct Referral Commission
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 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.
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.
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.