About MLC Referral Program and Its Benefits
Introduction –
One of the main questions that lurks in the mind of the people is
how to set a multi-tier affiliate program or multi-level marketing (MLM)? So,
one of the most important things that you ought to know is that affiliate for
WooCommerce plugin assists you to manage, add, affiliates and trace the
performance from single platform – payouts, sales, commissions, leaderboard
etc. One of the best things that you can do is earn money without any
hard-work, enhance your brand outreach and get possible clients. A Multi-Level
Commission Referral Program, or in short an MLM is a commission
structure in which your affiliates earn commissions on sales which they make as
well as on the sales created by people which they refer to your affiliate
program. Let’s look at some of the instances.
Instances of MLC Referral Program -
For instance,
Michael is your affiliate and he refers or recruits George to your affiliate
program. Now, if someone purchases your product through George’s affiliate
link, both George and Michael will earn a commission. Besides all of that, you
should also note that, you can set up an affiliate program with the unlimited
tiers using the plugins. Other few queries that people have are, how to enable
or disable a multi-tier affiliate program? You can simply enable it by default.
Next, how can your affiliates refer other users to your affiliate program? So,
the answer is that, your affiliates will look for the registration form on the
website. All that, they require is to append their referral link and share the
link. So, that people can join your affiliate program using the shared link.
Then, these new affiliates will then share the referral link with others and
thereby developing a chain of affiliates and multi-level referral system.
Configuring MLC Referral Program -
For instance, if
Rosy refers Joey and Joey refers Tarzan, it forms a 3-tier affiliate structure.
But, if rosy refers to both Joey and Chris, then, it forms 2 different 2 tier
affiliate structures, one of rosy and other of joey, and other of rosy and Chris
respectively. Besides all of that, there are certain steps that you ought to
follow before setting up a multi-tier affiliate program. You have to set up
default tiered commission plan. By default, your affiliate program will have a
global or storewide commission plan with a single tier. You can also configure
the multi-tier commission for your global or storewide commission plan by
certifying the number of tiers you want. Then, you can assign a commission rate
for each tier. So, whenever any product is bought and if no other tiered
commission plan matches, then this default commission plan will kick in.
Besides all of that, setting up tiered commission plans based on products,
affiliates and other conditions using the plugin’s plans feature. Moreover, be
it 2-tier, 3-tier or 4-tier or 5-tiers you have complete elasticity to set up
any number of tiers. However, keep in mind that the more tiers you add up, the
more will be the commission you will need to pay out. So, make sure that you
put up tiers wisely.
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