In Network Marketing, Binary Plan is one of the most welcomed and loved compensation plan by MLM Leaders and MLM Companies. MLM Binary Plan has its own reasons for being accepted and being loved widely amongst MLM Industry.
But as we know, MLM Software is one most essential thing for any MLM Company. So before going deep into or learning more about MLM BINARY PLAN, let’s get a little idea about MLM SOFTWARE.
MLM Software can be considered as a heart or fuel of any MLM company or MLM industry. It manages business data and provides ease in repetitive but important tasks of any MLM Company. If you are not much aware about MLM SOFTWARE, we recommend you to refer our post on MLM SOFTWARE here.
What is binary plan ?
In network marketing, Binary plan is one of the structured plan to distribute compensation to associates or members. It is most welcomed, most preferred and most loved plan amongst networkers. Unlike other plans, binary plan doesn't focus distributing compensation in members or associates on number of levels.
It focuses on distributing compensation amongst networkers based on specified sales volume. MLM or Network marketing company pays specified amount or percentage based on a specific volume of sales regardless of numbers of levels needed to achieve. And as the name of the plan, these specified volume of sales, to be achieved are distributed in two sided (binary), in ratio.