MLM is an efficient and brilliant marketing tool, far better than any other traditional business on product distribution and wealth gaining.
As a powerful new marketing tool Multi-level marketing got immense popularity in modern business.
As we all know MLM plans are the back bone of any multilevel marketing system.
Which is the most popular and globally accepted MLM plan? Any suggestions?
Undoubtedly we can say that it is ‘Binary’. The first network marketing plan which comes across our mind with a simple ideology and working structure.
How ever Binary plans began to be introduced by MLM companies in the late 1980’s and later binary trend become most accepted and popular organizational structure.
This Binary storm surprisingly began to strike on MLM industry very fast. The reason behind these much of popularity is binary yields an easy and complex free working structure.
When people in network marketing they want a quick result and financial growth soon. Many MLM companies proved that binary is a more fruitful plan, and its method can bring financial boom very fast.
So how does a binary MLM plan work exactly?
According to binary MLM concept distributors are placed in a binary or dual tree structure. The ideology is simple as a member you have to recruit two people on your down line, which is your right leg and left leg.
However there is no limit on how deep a distributor can build. At the same time width of your down line is restricted as only two members on your front line.
One of the main attractive feature of binary is ‘spill over’. Spill over is also known as spill network.
When you recruit more than two members, your new recruit will spill over to the next available spaces.
The main reason behind the adoption this plan by worldwide entrepreneurs and business men’s is its lucrative income possibilities.
A member has a lot of possibilities to earn several type of commissions,bonuses, rewards and awards etc. from the system.
Furthermore, there is a royalty commission for the distributors who performs a better task in the network. There are many other schemes and bonuses in binary system.
Related: MLM Software for network marketing
Let’s have a look on various advantages of a binary MLM plan.
Simple and easy to understand
By comparing to other MLM compensation plans binary work mechanism is very simple and straightforward.
Therefor binary is favorable to the beginners and for the people who have less knowledge about network marketing as well.
However binary has no limit on levels, you can go for deep as much as you can. If your right and left legs are stable, you will go for a high earning possibility.
More teamwork and coordination
This is a plan with immense teamwork and coordination. distributors stimulate their down network to perform well by achieving sales volume and targets. There has synchronization between the members to achieve financial goals.
Spill over/spill network is a special feature in Binary MLM plan. When a member holds more than two legs, the new leg automatically spill over to the next available places on your network. By this spill over concept members get people sponsored in their down line by their up line.
Rapid expansion of your down line is possible
However binary plan has the capacity to grow faster. The plan is of unlimited depth. So rapid expansion of your down line is possible with this plan
Dis advantages of Binary MLM
- You can be fortunate to earn from the spill over only if your sponsor is strong .If he is not recruiting many members you will not get benefit.
- You can only make benefit from one leg not from all your legs.
- Sometimes it is a very complex down line structure with spill over and check matches.
Multilevel marketing is a powerful sales mechanism to boost your business activity in a better way.Worldwide business men’s acknowledged this system to sell out their products and services. The basis or foundation of any MLM business is network marketing plans. There are many diverse MLM plans in network marketing industry. as we discussed binary is one of the premier and most accepted network marketing plan still in use.