To all the curious minds and budding entrepreneurs, this is a realm where Multi-Level Marketing (MLM) meets cutting-edge technology!
Are you ready to explore the infinite possibilities of maximizing your profits and minimizing risks? Look no further, for we present to you the MLM Profit and Loss Calculator, an invaluable tool designed to empower MLM enthusiasts like you
No more tedious data entry or complex spreadsheet formulas! It’s time to embrace the MLM Profit and Loss Calculator, the ultimate ally for ambitious MLM entrepreneurs who are ready to revolutionize their business.
Join us on this journey as we dive deep into the workings of the MLM Profit and Loss Calculator. In this blog, we shall discuss all about MLM Calculators and how that has made it easy for any marketer to calculate the compensations and bonuses from a network by MLM Calculator, without the complexity of using Excel tools for calculation.
Multi level Marketing – The Golden Words to Earn Big
Multi level marketing involves the sale of products or services through a bunch of independent distributors who are not the direct employees of the company, but earn commissions on the sales they make. The company does not need to spend a fortune on marketing and advertising, the distributors bring in the sale through word of mouth and through online marketing. They are in return offered great commissions and other incentives like all-paid holidays, cars, etc upon attaining specific targets.
This practice of selling products through independent agents started in the late 1950s in the United States of America and Amway, Tupperware and MaryKay were some of the first MLM companies to begin networking marketing or multi level marketing. If we take a look at the products sold through MLM, we can see that lifestyle and beauty products dominate the stage.
Compensation Plans – The Backbone of MLM Business
Now that we know how independent distributors earn money in an MLM network, let us see how to decide how much they would make.
There are a number of MLM Compensation Plans that have varying network structure and compensation calculations. Nowadays, companies are even opting for combining two or more plans and arriving at a customized plan. Many times, MLM companies have fallen because of the mistakes they make over deciding on the right compensation plan. They overpay their distributors and lose big time on money. So, the company must take care in deciding the right compensation plan and its calculation before building the MLM software for the smooth functioning of the business.
These are different kinds of MLM plans that are quite popular in the MLM business.
Binary MLM Plan
A MLM binary plan is a relatively easy and convenient plan where a member’s front line is limited to two downlines but the depth is limitless. MLM companies with Binary MLM plan include Amway, Herbalife, and Avon.
Matrix MLM Plan
This plan is also called Forced Matrix Plan and is represented by the formula Width * Depth. The most commonly used matrix MLM plans are 2×2, 4×7, 5×7, 3×9, and 2×12.
Unilevel MLM Plan
Unilevel MLM plan is a compensation structure that has only a single level. All the members sponsored by a distributor are positioned directly at that level. Unilevel MLM plan companies include: Young Living, PM International, and Melaleuca.
Board MLM Plan
In this MLM plan, the distributor or member who meets specific criteria established by the company will be promoted to the next board. A board is a new tree that is formed for members who meet certain criteria.
Generation MLM Plan
This MLM plan somewhat looks like a unilevel MLM plan but has many generation levels. Each generation level consists of a distributor and the consumers he or she has recruited.
MLM Calculators – Easy way out!
Now, it might seem difficult to calculate the commissions and bonuses for these MLM Compensation Plans. The fact is that a MLM company deals with really large networks. By large, we are indicating thousands of members. It becomes practically difficult to calculate the compensations from simple means like Excel tools.
the compensations from simple means like Excel tools.
Microsoft Excel requires the user to develop complex equations and MLM Calculation formulas to calculate the compensations. The chances of errors creeping in are very high. With our skillfully designed MLM Plan Calculators, all you need to enter some basic details, and voila! You will get the commission you can expect from the network.
Fret not, we are happy to give you a hand.
All you need to do is enter a few basic details regarding the network like Joining Amount, Product Amount, Capping / Ceiling, Number of Levels, Admin Charges, Tax Deduction, etc, the MLM Compensation Plan calculator gives an insight about how you would fare before you join the network.
Take a look at our Free MLM Binary Plan Calculator, Unilevel MLM Calculator and Matrix MLM Calculator and see how much money will be in your pocket before you make your initial investment in the MLM network.
Example for Binary MLM calculator the input be like
Final Output of Binary MLM Calculator be like in this format
How Infinite MLM Calculator helps to Calculate Commission?
- Calculate your MLM commission Free Online using Infinite MLM Calculator
- Using Binary MLM Calculator you can calculate the income, either in percentage or flat
- You can Calculate 1:1, 2:1 and 1:2 binary pair MLM calculations
- Once you have entered the inputs you can calculate the commission
Well, let’s wrap up. As we said, it’s time to remove spreadsheets from your MLM life and embrace the power of MLM Calculators. You can easily visualize your income streams, identify your best-selling products or services, and gain a clear understanding of your cost structures like never before.
What are you waiting for? Workout your MLM compensations with MLM Compensation Calculators by Infinite MLM Software.