Manage all your marketing networks and its users with the ready-made MLM (Multi-Level Marketing Software) and its compensation plans

MLM or Multi-level marketing software is an affiliate marketing management tool that is designed to manage a network and its users using the different types of compensation plans. According to ITSpectrum, a digital marketing service provider, this software basically works on a pyramid selling concept where different marketing strategies are applied for the sale of products or services, and revenue is generated for the company. This software is best at providing its end users with the ability to see the network status, income, and manage transactions all at once.

Advantages of using MLM software-

• It offers digital wallet functionality for smooth deposits and withdrawals of forex and cryptocurrencies.

• It has pre-defined MLM plans (Binary, Uni-level, Referral, and Overriding) that are integrated following the trends of the financial markets.

• It is updated with multiple languages and can be customized as per requirement.

• It comes with high-end security features and tech support that is on standby 24/7.

The most interesting fact is that it an affiliate marketing management tool particularly designed by the best MLM software development company in Kolkata in order to manage all the marketing networks, its users, and various other compensation plans involved. The most unique thing is that this software is best at providing its end users with the ability to see the network status, income, and manage transactions at the same time.

According to the MLM developers in Kolkata, there are several compensation plans available for you –

• Binary plan

The binary plan helps manage different networks simply by keeping track of down line’s incomes and expenditures. According to the best MLM software development company in Kolkata, the binary plan works on a two-legged structure where the entire new distributor or the members are placed in either the left or the right subtree.

• Matrix plan

According to ITSpectrum, the matrix plan is totally web-based and is developed by the MLM developers in Kolkata, and it works by helping you keep track of down line’s income and expenditure. This plan also helps in reducing the manual labor incorporated by several MLM companies. This Plan can also be defined as a Ladder Plan, as it limits the width and inspires to hire more members in the down line.

• Uni-level plan

According to ITSpectrum, the uni-level plan is a web-based one that helps in maintaining and keeping track of your downline incomes and expenditure. The uni-level plan is arranged with all the activities which are particularly required by the MLM companies or service providers. According to this plan, here you get an unlimited width that is made available in order to sponsor only one line of distributors so that at least one sponsor always stays on the frontline at all times.

• Daily bonus

According to the best MLM software development company in Kolkata, this plan enables the marketers to receive sales at different points in the marketing network only after achieving certain goals. There are seven types of daily bonuses used by the MLM companies such as a sponsor or introducer bonus, pairing bonus, level commission, matching bonus, position bonus, forced matrix bonus, and fast start bonus. Generally, a multilevel plan is widely used in the network marketing industry, and the MLM business holders use MLM Software that is inclusive of different

MLM commission structure.

• Manual and automated payments

The manual and automated payment processing plan is incorporated by the MLM companies in order to manage daily transactions coming in from different mediums such as credit cards and debit cards or a dealer. The automated payment system lets you receive your payments in an automated manner in order to keep up company funds at maximum levels while releasing payments on time. Whereas, a manual payment process helps you distribute any payment almost instantly so that you do not have to wait for your next payment cycle.

• Crypto and Forex

The crypto and Forex MLM software are basically developed for the MLM businesses are basically integrated with cryptocurrencies and the blockchain technology. Here the use of MLM software can help regulate the generation of units of currencies and also verify the transfer of the total amount of funds by using encryption techniques used in crypto payment systems.

However, MLM or network marketing software continues to remain hugely successful and very popular in every field of work. Now it is subjected to far more regulations and scrutiny than ever it was before, but they are quite legitimate as well. Moreover, no one can deny the success rate of using MLM software for any organization, given their extensive global network with billions of distributors.