In Multi-level Marketing, distributors earn their income (retail and wholesale profits, called commissions and bonus) through a compensation plan based on their abilities and results.
Marketing is how we sell; compensation is how we are paid for that sale.
It is wise to remember that a compensation plan should be developed after taking into consideration many factors. One of the compensation plan is “Generation Plan”.
A good MLM Generation Plan will provide a strong foundation for building your business. Among various compensation plans in MLM generation plan is considered as the most important plan. Because of an end number of attributes, generation plan is preferred over various other plans.
If you are considering joining a generational compensation plan, here are a couple of things to look for. First, look for a plan the pays on several generations of a particular pin level. The more, the better. Some plans pay 2 or 3 generations, while others pay 4 to, or even more.
It is based on generation structure. In generation plan, all directs of single sponsor is considered as first level of sponsor. Generation income is given to up line of each new paid joining.
Generation plan is very powerful plan where one can be paid many levels deep, upto many level. A Generation is all volume from you down to the next person in your downline who is in the same or higher rank.
The next generations is all volume from that person down to the next person your rank or higher, and so on. Typically you are paid the most on your first generation, and then less for each subsequent generation.
So while you might be paid 10% on your first generation, it may only be 6% on your second, 4% on your third, and 2% on your fourth.
Although there are various MLM software providers who can provide you generation plan but finding the one with appropriate features along with reliability is a tedious task.
Sankalp’s “MLM Blaster”, has earn an expertise in offering MLM Solution in any type of plan, including generation plan. It provides best suitable solution for generation plan based on requirement and size of the business.