Board Plan: A Structured Network Marketing Approach
A Board Plan is a network marketing compensation structure where members are organized into a fixed matrix or "board." It's also known as a Matrix Cycle Plan".
How it Works:
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Fixed Structure: The board has a predetermined size, such as 2x2, 2x3
The exact structure can be customized according to your board size, filling sequence, qualification rules, cycle conditions and compensation rules.
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Member Placement:
Each member has a specific position on the board.
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Completion and Commissions:
When the board is filled with members, a commission is earned.
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New Boards:
After a board is completed, members can start new boards.
Key Features:
- Multiple Board Levels — Create and manage multiple boards according to your compensation plan.
- Automated Board Placement — Automatically place eligible members into the appropriate board positions.
- Board Completion & Cycling — Process completed boards and move members to the next board or cycle according to your rules.
- Spillover Management — Manage member placement and spillover within the board structure.
- Commission & Bonus Calculation — Automatically calculate board commissions, completion bonuses and other incentives.
- E-Wallet Integration — Credit commissions and bonuses directly to distributor wallets.
- Rank & Qualification Rules — Define eligibility requirements for entering or advancing through boards.
- Admin Back Office — Manage members, boards, transactions, commissions and reports.
- Real-Time Board Tracking — Let distributors view their current position, available positions and board progress.
- Reports & Analytics — Monitor board activity, completions, cycling, commissions and business performance.
Visual example
Advantages of Board Plans:
- Clear Structure: The fixed matrix provides a clear path to earning commissions.
- Potential for Fast Returns: With rapid recruitment, boards can be completed quickly.
- Multiple Income Streams: Members can work on multiple boards for increased earnings.
Disadvantages of Board Plans:
- Limited Growth: Once a board is complete, further growth is restricted within that board.
- Dependence on Recruitment: Success often relies heavily on recruiting new members.
- Potential for Saturation: As more members join, filling boards can become challenging.
Important Considerations:
- Legality: Ensure the board plan complies with all relevant laws and regulations.
- Product Focus: While building the board is important, product sales should be the foundation of the business.
- Risk Assessment: Understand the potential risks and rewards before joining a board plan.