Choose MLM Plan is the first step to success in any Network Marketing. Here are our Killing tactics to choose your best MLM Plan in 2022.
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Choose MLM Plan
When anyone starts to think about starting an MLM business, first they all get confused to choose the right compensation plan for their business startup. In MLM there are so many types of compensation plans available such as Binary, Matrix, Unilevel, Investment, Party, and so on. And in each segment, there are several uniquely crafted modules also available. So it’s really a tough and intelligent task for MLM entrepreneurs.
Here I have given some steps to choose the right business plan before you customize that as per your calculations:
Step #1 – What’s your Target Goal?
Yeah, everybody easily tells that their target goal is ‘Business Growth & Profit’. But I need it on the way with something accurate; like $1 Million Profit (or) 1,00,00 Customer Base (or) Branches on 10 Cities – maybe your choice will be all of them. But it should be in a detailed numeric way. And you should fix your timeline to achieve all of your expectations.
Step#2 – What type of products do you want to sell?
This is another important question. If you want to attract more customers, your products should be cost-effective, affordable to your customer base, and quality. So when you decide on your product you should think about this all in the scenario. Products are the main thing to select an appropriate MLM Plan. You can sell low-cost consumer goods easily in the Unilevel plan but not only with Binary.
Step#3 – How much bigger is your current customer base?
The customer base also plays a vital role to select what type of MLM plan you should choose. If you are new to MLM you should select some minimal MLM incentive structures such as matrix, auto matrix, simple binary, etc., If you know some of the team leaders in your previous MLM company you can choose something more complex but not hard like Unilevel MLM, Trust Based MLM. If you already have a large customer base you can choose any type of plan which is suitable to your target goal and your product.
These are my suggestions for MLM plans as per your industry:
Industry | MLM Plan* |
Daily Using Consumer Goods | Unilevel / Repurchase / Matrix |
Gift Items | Binary / Matrix / Auto Matix / Party |
Real Estate / Gold | Investment / Binary |
Medical Equipment / Fitness | Unilevel / Binary / Repurchase |
Textile / Electronic Goods | Binary / Matrix |
*I suggest these plans as per my own experience with the previous companies which I was working for. You should analyze everything before you start. For affordable MLM Software and Web Design services, you can contact us.
Good evening sir,
I’m planing to start a MLM company newly
This is the best articles which tell network marketers to select right compensations plan for the mlm business.