Best MLM Plan

The full form of MLM is Multi-Level Marketing. It is also known as Network Marketing, Pyramid Selling, and Referral Marketing. It is a network in which a person connects many people with himself.

The full form of MLM is Multi-Level Marketing. It is also known as Network Marketing, Pyramid Selling, and Referral Marketing. It is a network in which a person connects many people with himself. And the people connected under it add other people under themselves, in the same way, a large number of people get connected, and a huge chain forms. The same people then sell the company's products and services in the market. MLM business is a unique business of the new age. It happens that the company makes the product. And by not giving that product to the wholesaler, they create a network. This is known as network marketing. In this business, the company delivers the product directly to the customer through its network and the benefits that the company gets are distributed among its network team. Retail network marketing statistics in 2019 show global sales of over $189 billion. This industry is growing rapidly and after getting full knowledge, everyone should join it as it can be a good source to earn extra income. There are three popular MLM business plans and after discussing all of them, we will know which one is the best.

Before joining the network marketing business of any company, it is important to know about the compensation plan of that company. Although there are many different compensation plans, the most popular compensation plans are:

 

Generation Plan

 This is the oldest and safest compensation plan. Most of the big companies use this plan. According to this plan, people at the upper level of the pyramid earn more, and as the level goes down, the income of the people decreases.

Matrix Plan

 This is the most popular compensation plan of MLM marketing. According to this plan, the width and columns of the pyramid structure that is formed are fixed. With this plan, you can only sponsor a few selected people. That is, you can make your own representative.

 

Binary Plan

In this compensation plan, you will recruit two people and your recruit will recruit two more people and like this gradually a pyramid structure will be formed.

The earning or profit in network marketing business depends on the network. The bigger and stronger the network is, the more will be the earnings. Earning in this business comes in two ways, one by selling goods and secondly by recruiting a new representative as sponsor. By selling goods, a networker can earn comfortably around 10% to 15% at the entry- level for more details visit ValidUS UAE. This commission increases the experience. Along with this, a networker can also earn money through recruitment. In this process, the more recruits a networker sponsor, the more commission he will get as well as the stronger his network will become.

In the generation scheme, the number of downlines does not limit the width as well as the depth-wise. Depth is unlimited in binary structure whereas, in generation plan, both the width and the depth are unlimited. Hence the generation plan is considered the best MLM plan.


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