What are the features of the Board MLM plan and how it works?

The Board MLM plan, also known as the Resolving Matrix Plan, is a straightforward structure that is well-suited for networks with a small number of members. It is the MLM industry's most popular international MLM plan. A group of affiliates known as the Board collaborates on this strategy. The number of affiliates on a Board is entirely dependent on the Board plan being used.

How Does the Board Multi-Level Marketing Plan Work?

In a Board Plan, the board continuously splits as positions are filled and those at the top are positioned on another developing board. This placement is automated. Members' movement is contingent upon the number of recommendations.

Once you join the plan, you will be assigned a blank board and will be responsible for filling the columns under you by recruiting new colleagues. Columns will vary in design, quantity, and size depending on the business.

Commissions in the Board's Multi-Level Marketing Plan

Bonus for Referrals

The referral bonus/commission is determined on the basis of the number of sales made by a person or the number of users sponsored.

Bonus for Matching

The bonus earned by members in their downline will be proportionately beneficial to their sponsor.

Level based Commission

Board MLM strategy benefits customers with active downline members by giving a high-quality incentive. Commissions are completely dependent on the sales generated by downline members.

Bonus for Position

Members will be eligible for a bonus after adding new members to their downline, as well as an attractive incentive for sponsors who meet their objectives.

Bonus for Board Completion

As the name implies, the sponsor will get a bonus for successfully completing the Board Plan's cycle.

Commissions on a cycle/commissions on board splits

When a sponsor changes boards within the MLM Plan's cycle, he will earn a receiving cycle commission.

Calculation of MLM Board Plan Commissions

Typically, MLM businesses would charge each user a one-time joining fee, which in the case of Matrix Cycle Plan is a commission. However, towards the conclusion of the Matrix cycle (i.e. when the network has been allocated six members), companies with a Board MLM plan often provide compensation that is two times the joining cost. The choice to establish the commission rate is entirely up to the administrator.

Conclusion

The board MLM plan is just another compensation plan adopted by MLM companies for compensating their downlines. There are a host of other plans available that MLM businesses must explore and choose only the one that best suits their requirements. Once you have settled on the right compensation plan for an MLM business, it will become even easier to build a robust business strategy surrounding the industry and ensuring sustainability.