A Binary Plan is a Two Legged(Left leg, Right Leg) structure used in Multi Level Marketing where each new distributors or members are placed in either left or right subtree. Where one subtree is known as a Power Leg or Profit Leg while the second subtree is a Profit Leg or a weak leg. Binary MLM Software is a web application that helps to manage binary networks such as to keep track on downline’s incomes and expenditure. It reduces all manual works those are done by the MLM companies. Binary MLM Software is efficient for all kind of MLM organizations whether they are small or big.
Binary plan makes each member for recruiting and sponsoring two other members to join the plan, that can potentially lead to a fast expansion of the plan in a very less amount of time. In the front line of the binary plan, there will be two legs, Left and Right. However, if a recruiter hires more than two members, the new member will be added to the next available member in the power leg. This allows a new member to be shared between all downline's power leg, nevertheless of who recruited them, this process is known as spillover. But in the case of profit leg, there will be no spillover because profit leg will only grow with the individually sponsored downlines. One of the main variations of Binary Technique is that it is quantity inspired in contrast to level inspired. This also indicates there is an inspiration to help new affiliates in your organization.
The compensation plan is referred to add more sales to the downline members who benefit in increasing bonus and gaining profits. In Binary MLM Plan, commission calculations are carried out based on business volume points, not levels.
In a Binary MLM Plan formula, a commission is calculated based on whichever side a team or leg has the least amount of volume. The percentage will be calculated of that least amount of volume and every member will get paid based on that, so the profit margin depends on how your downline team members make sales.
For example, if the left leg earns 500 points and the right 1000 points. Then, the commission will be calculated as 10% of the least amount of volume that is of the left leg, so, 10% of 500. And right leg will have a carry point for the next commission.
A fully featured and an efficient Binary MLM Software helps to manage all these commission calculation.
a) Dashboard - Dashboard contains list of boxes that can show member user id, sponsor id, placement id, total income, no of direct members, total active epin, available epin, no of used epin, current balance, pin wallet balance, level income, matching income, left sales, right sales, total left meber, total right member etc.
b) Profile - Member details will show here like name, email, dob, phone, address, bank details.
c) Change password - member can change the password from here.
d) Kyc - member can fill up the know your customer form with pan card, aadhar card, photo.
e) Nominee - member can fill up the nominee details form who will be his/her nominee.
a) Member Joining- New meber registration form will be there. Member can join new member under his downline.
b) Member Statement - List of sponsored member will be show here.
a) Level Income - Member can see all direct level or sponsor income. Based on sponsor id direct level income will be generated.
b) Matching Income - Member can see all matching income statement or pairing income statement. Pairing or matching can be generated based on left and right sales or based on left member or right member or based on left PV and right PV or left BV and right BV.
c) Matrix Income - Member can see matrix income statement like 3X3 matrix or 4X4 matrix. Matrix income statement will show based on level wise like Level 1, Level 2, Level 3... continue.
d) Daily Bonus Income - Daily return of invesment or ROI commission will show here. Based on administrator panel settings all daily bonuses will show here.
a) View Achivement - Member can see ROI achivement recods details with date, amount and activation status.
a) New Upgrade - Member can upgrade his/her account to higher package using Epin Code or Wallet Balance.
b) View Statement - all upgrade package statement will show here including date, time.
a) New Transfer - member can transfer current wallet balance to epin wallet balance. Transfer charge will be applicable and transfer charge statement will be shown into administrator panel. Member can see all transfer statement. Once transfer balance will be deducted from current wallet and will be added on epin wallet.
a) New Transfer - one member can transfer his/her epin wallet balance to others user. Transfer amount will be deducted from sender user and will be credited to receiver user. all process will be instantly like fund transfer.
a) Epin Generate - member can generate new joining epin from his/her member panel using current wallet balance. Epin cost will be deducted from wallet balance.
b) Epin Statement - all generated epin will be show here and can see who used that epin .
a) New Top Up -user can active their downline accounts from his panel using valid epin code. Once active any user accounts then user will receive SMS notification and admin also see the statement at administrator panel.
a) View Statement- user can see list of reward of achivement statement.
a) Grid View - user can see their downline member list in level wise based on sponsor id.
b) Tree View - user can see tree view structure here.
a) New Withdrawal -user can put withdrawal request here. Once send withdrawal request TDS, Service Charge will be deducted and request will be send to administrator panel. Member will be notified that amount will be transferred within 24 to 48 hrs.
b) View Statement - user can all previous withdrawl request statement with date.
In the Binary mlm software, there are three types of compensation plan that are used to increase the stability of the binary structure and to make the team active.
We offer the customization in Binary MLM Software to make your own rules in the compensation plan.
1. Introduced or Sponsor Bonus
2. Pairing Bonus
3. Matching Bonus
The introduced bonus or sponsor bonus or a referral bonus is the profit which the user gains by recruiting new members to the downline network. For every direct referral, a user or recruiter will get paid with the referral bonus.
The pairing bonus is the paid amount after completing the binary tree, gaining the bonus based on the downline members' sales. The maximum pairing bonus will be calculated by the plan you choose and the rules fixed by the company.
Matching Bonus is the bonus earned for recruiting new members in the downline network. This allows earning an extra percentage of the pairing bonus from their corresponding downline members.
"The Binary compensation plan is one of the most reputed multilevel compensation plan which turned much popular with the quality response from several MLM Companies. The positive reviews and the productivity turned this software extremely effective and people can enjoy the powerful features."
An effective binary compensation plan gives value to all members and the best part is that the plan comes with an “equality” oriented approach. Active people in any industry will gain profit with great easiness. Based up on mlm leads new distributors are placed on the left and right legs, thus the tree grows on and on. Also, a well-balanced system makes the plan active.
AS Softech binary mlm script can easily modify the rules, values, designations in accordance with the mlm company decisions. flexibility is the major advantage of our binary plan software.
In Binary Compensation Plan one member can recruit two people to the first level. Most of the binary network marketing companies give binary compensations based on the least active leg(Weak Leg).To make the concept more simple say if the left team has fewer business sales than the right team, the binary bonus will be paid based on the left team sales amount.
So the profit margin depends entirely on your down-line team being active. That is if one of your team is inactive, then you will not earn much money. AS Softech Binary MLM Program will help to manage effortlessly all concepts of a binary MLM plan.
Binary MLM companies offers various compensations for the team to make them motivated and active. As mentioned before, most of the binary direct selling company gives binary compensations based on the weaker leg. Some companies may have the carry-forward option of excess sales to next commission period. To increase the stability of the binary networking system, the companies may limit the payout to a certain amount. We are providing the authority to make changes in the plan to all these compensations & rules in our customizable Binary MLM Software.
The basic rule of a binary MLM plan is to add or sponsor two members to the downline as this is the way to build up a binary tree. The “sponsor bonus” or the “referral bonus” is the benefit which the user gets by bringing new members to the network.
Some companies will have different packages to choose while registration, so direct referral commission percentage will be calculated based on the package your downlines choose. Commission amount will be automatically credited to your e-wallet upon completing the registration process of your downline.
AS Softech MLM software helps in organizing the bonus structure perfectly. These options add priceless value to this system.
The compensation plan is all about adding more sales to the downline who supports a lot in increasing bonus and earning profits. Once filling the downline perfectly by balancing both legs with active members, the tree gets completed and the user will get the bonus as per the work of the downline members, this is called “the binary bonus”.
However, these bonuses are subject to “capping” and this work in accordance with the set of rules regulated by the company.
With our software package one can even get carried forward the amount which can be used further and it depends on the plans the user picks. Referral marketing companies can choose fruitful plans using the package which is provided from our side.
The Matching Bonus in the Binary MLM plan helps all the sponsors gain quality income from their respective downline members. Briefly, it’s nothing but the bonus received for introducing new members to the network.
The parent member who sponsors the downline members can earn income which the downline members earn in the form of the bonus and such earnings are known as matching bonus. The matching bonus increases up to n generations and is completely based on the compensation plan which the MLM Company chooses.
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