Imagine you are a cloth merchant. You sell 100 shirts a day. It sounds satisfactory but can you sell more? Much more than the average count?
Multi-level Marketing (MLM) plans are optimized to give your business the necessary boost to sell your products and services like never before.
Listed below are top 5 MLM plans available in India which should give you an idea which plan will gel with your business the best.
1. Generation MLM plan
This is not the easiest to understand but with a brief one can reap the benefits out of this plan. Let us understand this with the simplest example possible.
- Your grandparents – 1st Generation
- Your parents – 2nd Generation
- You – 3rd Generation
- Your children – 4th Generation
- Your grandchildren – 5th Generation
Generation MLM plan works in a similar way. Here, the next person in the downline gets all volume from the earlier generation. However, the former should be of same or higher rank. This process continues till the very end.
Most of the top companies in the world like Amway, Herbalife etc run this type of MLM plan only.
Benefits of opting for this plan
- It is a powerful plan.
- The step ladder formation helps you earn more at the start. So, your payback is quick. So, you get your invested money back at the earliest, which can be used to invest further or for consumption.
- Systematic flow of income
2. Binary MLM Plan
If you have any idea about MLM plans (before reading this article), you know about this plan. This is the easiest MLM compensation plan available till date. Here is an example.
You take an apple and cut it into halves. Then, cut each piece in to two halves. Again cut each piece into two halves.
Binary MLM Plan works in a similar manner. Business centers are owned by distributors, who recruit two sponsors to expand the network. They in turn recruit two sponsors each. This goes on and on.
The benefits of this plan are appreciable. However, opting for this plan one should know that there is a limitation that only two sponsors can be recruited at every level.
Most of the latest MLM companies in India use this plan only. This is very lucrative plan for MLM leaders because they can make big money in short time with this MLM concept.
3. Australian X-Up MLM Plan
This is quite similar to Binary MLM plan. This plan was first introduced in the mid 1980s in the U.S. and was titled with an ‘X-Up’ which refers to ‘Pass Up’. The basic idea was to pass the benefits reaped on to the previous sections and earn the benefits reaped by the next sections.
This can be better understood with the help of an example.
You recruit A, B and C. Sales of C goes up you and the sales of A and B goes to D. Now, as long as D works on keeping H and J going, the returns earned by D can be as deep as he wants and his eligibility criteria will not be affected.
4. Stair Step Break Away MLM Plan
This is an ‘old is gold’ MLM plan, as it is the oldest MLM Plans available today. The basic idea here is to move more and more and generate better volume in the organization. This defines your pay scale too. To get a higher percentage of compensation, the member has to generate more volume. With every increase in the volume, the percentage of pay moves upwards.
5. Monoline MLM Plan
Lastly, we have the most trending MLM plan. It is a stylish plan which does not restrict or force the entrant to reach a certain level. It resembles the pressured matrix strategy, but has some advantages over and above the latter. This plan works with the help of a number of spots which enrich the opportunities whenever there is a new person connected to the system. This plan is quite popular and if you have a multiple stage marketing organization, this is the best available plan for you.