How You Would Use Funded Proposals To Market Your Online Business
If you are an internet marketer you have probably heard the term funded proposals
. Do you know what it means? It has to do with the method and philosophy behind the type of advertising an internet or network marketer may be doing to promote their business online, or offline for that matter.A lot of network marketers have professed that when they gave up the old school of network marketing, that is when their business finally took off and started to profit. What old methods am I referring to? One method consisted of going to or holding hotel meetings, trying to convince prospects to show up, and then trying to get them to join their business on the spot.
Another method that they practiced consisted of purchasing opportunity lists and cold calling these prospects for hours on end. Yet another method that anyone who has been in networking has probably used consisted of trying to convince family and friends to look at and then join their business. These types of methods resulted in a lot of personal rejection that was not easy to endure, and caused many a net work marketer to throw in the towel. Most net work marketers lost money doing these types of marketing and gave up the business all together.
So lets look at the one of the advertising principles behind funded proposals. That is, do not try to show your prospect your primary business because this has prov-en to result in an approximate 95% failure rate. Secondly your advertising must be benefit oriented. This means, for example, if you were trying to sell a shovel to a miner, you wouldn't be promoting the shovel it self, but more so what a glorious hole they will be able to produce, and better yet, how much gold they are likely to find in that hole. A lot of advertising fails in this respect, because it doesn't connect with the wants and desires that the prospects are really dreaming about.
Most initial contacts with the cold market opportunity seeker using using funded proposals consists of offering them a free information report or ebook. With in this free report the above practice of benefit advertising will start to go to work.
The free report will also advertise a low cost product or service that promises to offer huge monetary returns. One popular online company has a service being offered as the initial low cost funded proposal by many funded systems. It has a low cost, promises weekly cash bonuses, and also monthly residual income potential. This company has been around for years and is well received and respected.
This initial phase of the funded system is shown to add revenue to members bank accounts allowing them to pay bills, and add further growth to their primary business. Most funded proposals are encompassed by companies that have highly technical systems in place behind the scenes allowing new members to come in, plug into the system and begin to promote it as their own. That is the reason for the most part that systems using funded proposals work so well, that and the fact that the out of pocket expense to get involved is very low, the returns huge in potential, and that prospects do not have to give up their primary business.
In fact, most systems are designed to encapsulate the members primary business and offer it exposure and the join-ability to prospects they show it to. More advanced funded systems use a secondary follow up offer to the initial low cost proposal. This second part is usually mid range in cost and optional. It may be a service that is already offered for free, say an auto-responder follow up message series, but with the paid members, they will be offered another revenue stream to earn income on multiple levels deep using some sort of traditional or modern multi-level compensation plan.
The last component that most funded systems use incorporates the ability of the upline members to contact via email or phone their downline members about other offers, or their primary business. These offers have shown to have greater success with prospects who now are more familiar with their upline sponsors, and have come to have a certain amount of professional trust with them. Statistics have prov-en that when an upline sponsor contacts their downline members about their primary business, that the success ratio is much higher than if they would have contacted that member when they were still an unknown cold market prospect.
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