How To Build Your Business Smart Using A Funded Proposal

By: Will Schwartz Click author's name for more of his/her articles

How To Use A Funded Proposal To Generate Multiple Income Streams

Statistics show that nine out of ten home business owners actually end up spending more than they ever make. A staggering statistic if you think about it. But you don't have to be a negative nymber.

There's a very specific reason why most network marketers don't become profitable, and an equally simple solution. What you need is a system that creates multiple income streams so that you get paid from a variety of sources.

This is called having a Funded Proposal and it is the second essential corner stone to building a successful business online.

Let's say you pitch 100 people on your business opportunity. How many of them are actually going to join you?

Average is between 4-5%. So The real question is - how much money are you making off all the people who say no?

If your answer is "none" - then you're not running your business efficiently.

The plain fact is, 95% of the prospects you generate are never going to by your products or become distributors in your organization. That's just how it goes.

On top of that, each of those prospects is actually costing you money, whether you're buying leads from a lead broker, or paying to advertise.

So, if you're only selling your one primary business, you're only tapping into 5% of your potential income. To put it bluntly,you're leaving 95% of your profits on the table.

And that that is NOT the way to run a successful business. In fact, it's the main reason most business fail.

So how can you monetize that other 95% of your lead base and increaseyour profits?

You do this by and taking advantage of a funded proposal to create a professional sales funnel for your business and make money from a prospect even when that prospect does NOT join your opportunity.

The key to creating Funded Proposal is to become an affiliate for a low cost high quality retail product that appeals to your niche.

Here's what you do: You advertise an inexpensive retail product on the front end that can be marketed automatically and purchased directly on line so sales come in 24/7 without you having to be involved.

Instead of going out and asking people to fork over a couple hundred to a couple thousand dollars to join your business, you promote a low cost retail product that offers real info to solve their problems, like a marketing course or training guide that costs around 30-40-maybe 50 bucks.

The reason this works is because the majority of peoplewould prefer to be given information on how to do something than actually have to go out and do it themselves.

Once you understand how people really think and actyou can take advantage of it by giving people exactly what they want.

Now, let's take a detailed look at exactly how this works. With a funded proposal, your retail sales pay for you to advertise your primary business. So let's say you pay $500 for 100 leads. And none them join your business. But 15 of those leads buy a $50 affiliate product form you. Depending on the commission, that's anywhere from $500 to $750 pure profit.

You either got those leads for FREE, or actually made moneyto prospect. So how cool is that? You're getting paid to prospect!

This is what the master marketers do to actually get their leads for free. And you can use the exact same method.

At this point you can plow that money back into your advertising, which means you can advertise with no ceiling and generate as many leads as you want, absolutely FREE.

Especially when you're just starting out, those quick sales from your affiliate products are essential to keeping you in the game as you build your real business.

And it's better for the long term as well. Because now you have customers. Those leads are now on your list and are more likely to purchase from you in the future, including your primary business.

If you provide real quality by the end of that course or that training guide, your prospect will see you as an expert leader and some of them will have sold themselves into joining you in your opportunity. They'll actuall pick up the phone and call you, ready to get started!

Let's take a closer look at exactly how this works. You haven't done any busy work, no phone calls or emails, and you haven't had toface any rejection, but now you're monetizing
about 20% of your leads instead of just 5%.

As you can see, by using a funded proposal, you've basically quadrupled your business.

As you build your down-line with new distributors, you'll show them how to duplicate the exact same process. They'll make money early on and your team will have a lower attrition rate, which means more money in your pocket as well.

And really, it's just a much cooler, more human way of doing business and a profitable way to build a relationship with your prospects by providing genuine value...

WARNING: DON'T LOSE FOCUS!

All smart marketers know that the REAL MONEY is made with the big ticket high-commission product at the back end of your sales funnel.

DO NOT become a scatter bomb and lose your focus trying to pitch a zillion different affiliates.

Be selective and only affiliate with retail products that offer pro-active solutions and will be of REAL VALUE to the kind of prospect you want to join your team.

Equally important: the affiliates you choose should run on automated systems so you don't have to waste time sweating the small stuff.

The real goal with affiliate sales is to build your list and develop relationships while getting your advertising for FREE.

You don't want to get so involved with marketing affiliate products that you lose sight of the main goal - which is to develop your organization and leverage the high-end commissions!

Article Source: ABC Article Directory

About The Author: Will Schwartz is a professional marketer, author, and mentor who trains serious entrepreneurs on the skills and techniques to be successful in network marketing and direct sales. An expert on Global Resorts Network, Will teaches comprehensive integrated Attraction Marketing strategies using SEO, Video Marketing, Article Marketing, AdWords and PPC, Social Media, Team Development, List Building, Personal Development and Advanced Closing Techniques. To get training on advanced marketing techniques and a step-by-step blueprint on how to build a successful business with Global Resorts Network, check out the Six Figure Blueprint. Visit Will’s blog @ willschwartzcoaching.com for more information.