Multi-Level Marketing (MLM) is another name of reference marketing or affiliate marketing. The MLM is a marketing strategy by which vender can sales his/her products easily to a customer.
Now you people think about how vender sales a product to the customer by marketing. Just think when you refer a member to join vender’s company. For that reference, the vendor providing some amount to you. And that member may purchase some product from that vendor if he likes a product.
In Multilevel marketing system one of the advantages is who are all members of a company, those are promoters, those promoters promote the products which are available in the company.
For promoting company products they get some bonus amount, commission amount or referral amount.
In multilevel marketing system there multiple strategies are available. Let’s see which are all those
- Binary Plan (L & R Pair)
- Single Leg Plan
- Multi-Leg Plan
- Matrix Plan
- Donation Plan or Helping Plan
- Generation Plan
- Crowdfunding Plan
- Bitcoin and cryptocurrency exchange
- Hybrid Plan
Binary Plan (L & R Pair)
In Multi-level marketing, a binary plan includes two (2) child to a one member. In the sense, if A is an already member, then B is getting join to a company under sponsored of A in the left position. B can join if A left position is empty else need to join Right side.
Under any of member or sponsor, there are two (2) spaces which are left and right. In Multilevel marketing language we called it is left, a child and right child.
Single Leg Plan
In single leg plan one child to a one member. In the sense, if A is an already member, then B is getting join to a company under sponsored of A. if A already has a member to under sponsor him/her. Then should check other sponsor ID
Under any of member or sponsor, there is one (1) space. In Multilevel marketing language we called it is a Unilevel Plan.
A multi-leg plan there is no limit under any sponsor ID, any number of count can join a single user. Example if A is already a user then, Under A user any number of users can join.
In the matrix plan, lots of things come. I mean to say matrix is like 1 : 3, 1: 4, 1: 5, etc.. In matrix plan 1 : 3 matrix means under one sponsor only add 3 members positions wise. Same as in 1: 4 just 4 members can add under one sponsor.
Donation plan also called a gift plan or helping plan. In this plan, members just donate an amount to a company. In this plan how member gets income means, if member introducing another person who willing to donate an amount, then he gets introduced amount.
A generation plan which may include one of the above plans, and distribute the amount to upper sponsors when a new user joins to company up to one limit which depends on companies. It may be 3 levels, 6 levels, 9 levels or 12 levels, etc.
Crowdfunding plan is same as generation plan, but amount distributes to upper sponsors at the time of joining the new user. It also has many level crowdfunding like as above 3 levels, 6 levels, 9 levels or 12 levels, etc.
Bitcoin and cryptocurrency exchange
In this plan bitcoin and cryptocurrency exchange plan when the user gets amount to his wallet throw different types of income, to that amount user can invest in bitcoin cryptocurrency. Or he can pay the amount to the company through the bitcoin cryptocurrency system.
In a hybrid plan, the name itself indicates that it is a mix of 2 or more plans. The plans may be anyone like a binary plan which after successful star, it should move to a matrix which is called auto pull system Or some other plans may hybrid here.
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These are the top plans which use in every company. If any company accepting these strategy to grow sales the company can archive easily.
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