If you are an owner of an MLM business you have probably heard about the funded proposals. You are able to generate finances that you will be able to use for your budget for marketing as well as to generate more recruits for your main business.
By selling a product such as a training series, DVD or e-books via sales pitches to all your prospective clients using what is known as an autoresponder, you will ensure that your product will be very appealing to anyone in the MLM business or for those who are considering joining it. Provided you are able to find people who are willing to spend their money in order to learn more about being and MLM business owner you will be generating an income. Plus, those people would then make excellent recruits.
Now that you have a sale, the next thing you want to do is move the sale to recruitment. Good funded proposals will have this feature built in via a sales pitch and these are excellent ways of growing your down line. You see in the MLM business one of the most important things you can have is a good solid down line. It will be the difference many times between success and failure.
MLM owners are contacted and offered the funded proposal and, because it teaches them how to generate cash you will find that there are lots of people out there that are willing to spend their money to have this info. The money that the owner then makes should be spent on advertising and marketing efforts that they would not otherwise be able to afford if it were not for the money that they make from the funded proposal.
The way to make them work is to use them only in the way that they were intended to be used. Try not to get excited about the small amounts that the funded proposal has generated through sales. Instead, keep your focus on your main business at all times.
The basic concept of a funded proposal is not to make a huge amount of money selling but to recruit people into your down line. The down line is where serious success lies. Too many times an MLM business is slower to grow than the owner likes or wants. Since they are not selling many of their main product, training DVDs, they become discouraged and make some costly mistakes. There have been cases of MLM business owners becoming so wrapped up in the funded proposal aspect of the game that the primary business begins to suffer and in some cases fails altogether.
Funded proposals can help you to turn your MLM business into a success provided that you are patient and have the money to market your business. It is important that you market it properly and be prepared for the fact that you will not see any response to the sales in the immediate future as it will take time. Like the saying says: You need to spend money to make money and when it comes to MLM that is true. It is essential that, just like physical businesses you also need to set aside a portion of your budget for these two critical components of being an MLM distributor. Through funded proposals you will be able to move on to the next level of the business and grow your MLM client base. The trick is that you are focused on your goal and you do not spend your finances haphazardly but smartly.
Nice post! Funded proposals are an excellent tool. It is definitely a great way to keep you in business until you can get a significant income stream flowing.