We are currently experiencing one of the largest booms in the network marketing industry in decades. Outlandish fortunes will be made over the next few months and years. Thousands of people who have correctly positioned themselves will experience a cash flow hurricane like never before. Thousands will also enter the industry only to inevitably fail. This unfortunate fact can be attributed to the lack of training most network marketing companies provide, and a lack of income to fund their business expenses.
When you leverage a concept known as a, “funded proposal,” you are able to accomplish one of two vital factors to the long-term success of your business. A funded proposal is usually an inexpensive piece of information that will help them and give value.
This puts some much-needed muulah in your pocket and acts as a way to profit from the 95% of your prospects will inevitably NOT join your business. This money can be used to pay bills, put food on your table and fund the ongoing expenses associated with building a business.
Those prospects who do join your business become a more qualified and better educated business partner. This will allow them to stay in business longer and decrease your attrition.
Selling a low cost retail product of value not only covers your expenses but also puts you in an incredibly powerful position. You have now become an authority in the eyes of your prospects. You’ve become a valuable resource to them.
Anyone who has ever taken even a basis business class can tell you that it is 10 times harder to gain a new customer than it is to hold on to an existing one. When someone spends money with you once it becomes much easier to sell to them down the road. Whether they are joining your business or perhaps buying another more expensive educational product.
So with a funded proposal not only are you putting extra cash in your pocket, but you are also edifying yourself as a leader in your field, and gaining a more knowledgeable long term customer and business partner. This is how the heavy hitters in the industry make it happen. If you have long-term goals for your business you must implement this practice.
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