On top of WooCommerce we can certainly create a comprehensive MLM environment with all the features you need both for yourself (an admin dashboard where you see performance and everything else of your affiliates) and the affiliates that do the sales of your product.
Part of it would also be to recruit more good affiliates to keep growing your revenue opportunities, so this will need our attention as well!

If you are interested in creating an MLM website on the Wordpress platform, why don't you schedule a quick call? I am sure that within ten minutes we will elaborate a lot.

Good luck with the business!
Best regards
Rogier