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egViral Shop: What is Binary Plan and how it is work on egViral Shop?

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What is Binary Plan and how it is work on egViral Shop?

A Binary Plan is a 2 (Two) Legged (Left and Right) structure used in Multi Level Marketing where the each new distributors or members are placed in either left or right subtree. The number 2 is represents the maximum number of frontline associates (direct downlines) that any member can have. Additional downlines who are introduced to the business are then placed under one of the existing frontline/spill over.

How does Binary MLM Plan work?

Binary plan makes each member for recruiting and sponsoring two other members to join the plan, that can potentially lead to a fast expansion of the plan in a very less amount of time. In the front line of the binary plan, there will be two legs, Left and Right. However, if a recruiter hires more than two members, the new member will be added to the next available member in the power leg. This allows a new member to be shared between all downline's power leg, nevertheless of who recruited them, this process is known as spillover. But in the case of profit leg, there will be no spillover because profit leg will only grow with the individually sponsored downlines. One of the main variations of Binary Technique is that it is quantity inspired in contrast to level inspired. This also indicates there is an inspiration to help new affiliates in your organization.

Compensation plan

In the Binary MLM Plan, there are three types of compensation that are used to increase the stability of the binary structure and to make the team active. 
We offer the customization in Binary MLM Software to make your own rules in the compensation plan.

1. Introducer or Sponsor Bonus
2. Pairing Bonus
3. Matching Bonus

1. Introducer or Sponsor Bonus

The introducer bonus or sponsor bonus or a referral bonus is the profit which the user gains by recruiting new members to the downline network. For every direct referral, a user or recruiter will get paid with the referral bonus.

2. Pairing Bonus
Pairing Bonuses are calculated from your binary tree, which has two legs: a left and a right. Members placed above you may also place people in your Binary Tree. Your daily maximum Pairing Bonus will depend on your plan type. When you reach the daily maximum Pairing Bonus you will not amount for other pairing you made on that day.

For example from the picture above: Left point: 420  |  Right point: 240

When you have 420 points on Left leg and 240 on Right leg then you can earn the commission for that specific period on the leg which has 240 points. If the company set the configuration 1 pair = 120 points, then you will get/earn 2 pair commission. Unpaid volume/points will be caried over for next day.

3. Matching Bonus

Matching Bonus is the bonus earned for recruiting new members in the downline network. This allows earning an extra bonus of the pairing bonus from their corresponding downline members. The matching bonus can be earned up to 3 generations/levels.

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Testimonial

April 27, 2020
John Dierksmeier from Georgetown:
 After being involved in the industry for 20 years I should know how important it's to choose a good MLM software that is simple to administrate and most important reliable. EGN has many different options to fit your program so it's important you request their admin demo to help you choose the right script for your pay plan. Support is top natch, I wish I would have found them many years ago.  

Latest News

January 27, 2023:
An update of egMLM + Revenue Sharing is available (v1.1). egMLM + Revenue Sharing is getting better with improvement and new features such as: Improvement with Member Area security Improvement with new member Regular matrix placement Improvement with Templating system Improvement with Binary Genealogy Tree Improvement with Add downline on page Binary Genealogy Tree Fix problem with email validation on new member registration And other improvements and fixes, please visit demo of egMLM + Revenue Sharing to see more.   Download your copyThe update is available to download in your account area and update instruction is available in product tutorials. Please log in to your account area to access them.   Best regards, EGN Software 
June 16, 2022:
A new version of egMLM now available, The current version is 2.0 and egMLM is better with improvement and new features such as: New account functions: Add new options in Admin area on Downgrade members and Delete members, Admin can choose how the system manage the position in the network. New Network configuration: New member position in Binary Network, now Admin can configure the default option for new members position in the Binary tree: Automatic Outer Left or Right, Automatic Pair Left/Right, Position Left or Position  Right New withdrawal plugin: Metamaskwallet - Working with Binance Smart Chain and the custom tokens New template: Template4, New layout position and work with multi language features provided by gtranslate.io, so your website will work with many language translation. And other improvements and fixes, please visit demo website to see more...   Download your copyThe update is available to download in your account area and update instruction is available in product tutorials. Please log in to your account area to access them.   Best regards, EGN Software 
March 24, 2022:
We are pleased to release a new software in lineup of EGN's products: egMLM + Revenue Sharing egMLM + Revenue Sharing is a Multi Level Marketing Software that you use to build your Network Marketing Business/ MLM business and also provide Revenue Sharing or Investment Plans to your members on the same website. egMLM + Revenue Sharing allow you to configure custom networking pay plans and compensation rule such as Binary plan, Pairing bonus, Matching bonus, Unilevel matrix, Revolving matrix, Regular matrix, Pool bonus, Reward bonus, Pass-up bonus, Sponsor bonus, Reward point, etc. egMLM + Revenue Sharing is also  includes necessary features like Advanced Revenue Sharing Program with configurable and unlimited plan, Multi Membership/ Enrollment packages, E-wallet, managing distributors & downline members, Ranks, handling MLM leads, processing commissions & payouts, track sales volumes, statistics, ePIN, eCopupon, ecommerce/Online Shop/ Shopping cart and many more. Product's details please click here... To visit demo site, please click here...   Good luck for your business and Best regards, EGN Software  
March 12, 2022:
A new release of egMLM now available, The current version is 1.9 and egMLM is better with improvement and new features such as:   New design for Frontpage, Admin area and Members area - Now look better with Mobile/ Responsive template design 4 new free templates with new and unique design New template "Members Only" : to use egLM to manage members only and use wordpress or other CMS software as the frontpage Change the php version requirement to version 7.2 or higher Ready to work with Mobile App (In development progress) New payment plugin: Payex - Malaysia payment gateway ( https://www.payex.io ) New payment plugin: Paytm - India's largest mobile payments and commerce platform New payment plugin: Nowpayments - Receive online payments in crypto New payment plugin: Metamaskwallet - Working with Binance Smart Chain and the custom tokens New look of Genealogy Trees, look better and responsive design. Correction with Cron task timing Add more option to enable/run feature Revolving Matrix Update PHPMailer to the latest version available Update many functions to run more efficiently and upgrade security functions And many other improvements and fixes, please ... 
January 2, 2022:
It is a pleasure doing business with you, thank you for all the trust and work on us, we are looking forward to a new year filled with plenty of work and opportunities from you, once again wishing you a Happy and Prosperous New year! Get discount 22% and more on purchasing EGNSoftware products, enter promotional code 02012022 during checkout. Order now...    Stay Safe and Healthy, EGN Software     

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