The MLM funded proposal concept is important in any business, but even more so in network marketing and especially for new network marketers.
An MLM funded proposal is a system that allows you to earn cash upfront as you build up your list of potential team members. Most of you have heard the sad but true statistic, right? . . .About 97% of network marketers fail within the first 3 years of joining the business. Why do they fail?
1. They don't have enough money to put into the business in the beginning to keep it going
2. They don't have enough potential business builders to share the business opportunity with.
AND, not coincidently, more than 97% of the people you contact to join you in your MLM business will turn you down. That's the just the way it is.
But instead of being discouraged by this statistic or trying to figure out how you can change it, just accept it is a fact - you can expect a 3% (best case scenario) positive response rate and need to adjust your marketing to that statistic. Not everyone is interested in what you have to offer - in fact, hardly anyone is! But that's ok - because you can still get your opportunity in front of enough people to get some yesses AND turn the "no's" into cash if you are using the right funded proposal.
Here's how the MLM funded proposal works:
You offer something to your target audience (your potential downline) that they want. . . like a marketing system that can earn them money on auto-pilot.
What is your target audience looking for? I'll give you a hint.ere's what they are NOT looking for. . .
They are NOT looking for some kind of product or service they can buy (or buy into), no matter how wonderful it may seem to you.
They ARE looking for additional income, a way to get out of a tiresome, low-paying job (or jobs), a means to insure retirement for themselves and a future for their kids, the flexibility to be able to work from home or whenever and wherever they want. . .the chance to spend more time with their families, etc.
So you offer them a money-making funded proposal system that will allow them to achieve their goals and dreams. There are many well planned out marketing systems available for you to offer to your audience - and they don't cost very much which is one of the reasons that smart business people will choose to join a marketing system over your network marketing opportunity. They pay a low price for the chance to make a greater income.
You want to choose an MLM funded proposal that allows you the flexibility to brand yourself and not just the system. If possible, you want one that actually trains you on how to brand yourself as it is doing the marketing for you. And by all means, choose a system that lets you keep the leads that the system generates for you.
The MLM funded proposal guarantees that you will not run out of advertising money before you really get going (obstacle number 1). Your funded proposal program should be on auto-pilot. It should provide much needed cash in order to pay for your advertising.
The funded proposal is not necessarily intended as a revenue stream in itself, but it could be.
There are many funded proposal programs on the market. All you have to do is plug into the system you choose, which should be quick and easy, and promote it or let the system itself promote it. The system is already set-up for you - completely duplicatable. . .one of the most important keys to successful network marketing. You earn commissions as the program sells and the people who are buying the system turn into very qualified leads for your business.
Will every single person who joins the system also join you in your network marketing company? But you still earning commissions off the ones who don't join your business. This is money which you can pore back into the advertising part of the system or into your own marketing efforts.
Whether your brand new to the MLM industry or you just need a little help in your business, you can use the MLM funded proposal to your overwhelming advantage - It is an invaluable piece of your network marketing campaign that allows you to earn money despite the fact that so few people join you in building your business. And that's how you'll be in that 3% of successful MLMers instead of the 97% of failures.
Author Resource:
Are you currently in the 97% of business owners who fail in network marketing? Laura Shapiro offers free tips, opinions and instruction at www.MLM-Advantage.com . Sign up for the free newsletter today!
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Author Resource:-> Are you currently in the 97% of business owners who fail in network marketing? Laura Shapiro offers free tips, opinions and instruction at www.MLM-Advantage.com. Sign up for the free newsletter today!