Network marketing is supposed to be easy to duplicate . The process can be learned by just about anyone who joins a program with good direction, or so this what they say to get you to purchase their products and "become part of the team". Most tell you to chase your warm market,(friends and family)Many people have had success by following these rules, but a lot of people fail at this miserably! They are more likely to encounter rejection and disappointment. If you are tired of this then you might want to consider a more productive alternative: the funded proposal.
The Funded proposal explained
Old school network marketing relies too much on 'warm' prospects, cold calling and traditional prospecting. The only thing wrong with that is that only about 3% of the people that try these methods are successful - if you have a good number of people to market to and who are also willing to sign up for your program, you'll might meet with some success. Or like most you will alienate most if your fiends and burn a hole in your pocket book!
So even if you manage to actually get some prospects, that like the program, and actually try to make the program work, they will have to spend hundreds of dollars buying leads, prospecting, putting out ads, having home meetings,going to the ever illustrious convention, for the raw raw pump you up to get you out there talking to everyone that is within 3 feet of you! (the 3 foot rule.) Then there is the cold calls on those hot but expensive leads you spent your hard earned money on, that mostly gets you the "please take me of your calling list!" And then there's always handing out fliers in the mall! Doesn't sound all that easy to duplicate now does it?
With the funded proposal, we eliminate all of what is unpleasant and hard to duplicate. A network marketer doesn't have to rely on these old outdated techniques and methods that rarely work to his advantage. So what is the funded proposal and how does it work?
The Funded Proposal is a system that generates a quick sale and acquires targeted leads at the same time. It doesn't require immediate hard selling at all, what your sell them they came looking for! So it eliminates the rejection of prospects who may not appreciate being sold to the first time you encounter them.
This is how you do it:
First, you find a product and program that people need! These products should be a info product that informs, teaches and guides the prospect. They need to be a high value products that benefits the prospect on a particular topic or subject that is directly related to the network marketing business. They can be an e-book, a report or a audio/video.
You then market these products for distribution, usually at a low cost. If you charge a higher price, you should offer a free gift or bonus to make the product more appealing to prospective buyers.
The funded proposal system begins to work once your product starts getting buyers. Make your product available though an electronic payment system(like PayPal). You receive your immediate earnings and also get to obtain the buyers' names and e-mail addresses. You now start the collection or list of contacts that will be receptive to your other products in the future because you have already brought them a valuable product that they needed, so you have built up a trusting relationship with your customers.
Acquiring highly targeted prospects:
The benefit of using funded proposal is that not only do you take advantage of an opportunity to earn money from the first contact, you also give your name and business the exposure it needs to attain some level of exposure. Also, you get to start building a list of highly targeted prospects - people who are interested in what you had to sell in the form of an info product and who are highly likely to respond positively to your future marketing proposals.
The end result? You can drop the old school network marketing approach and take advantage of the double benefits a funded proposal system can give. you can see a perfect example of my funded proposal system at http://vur.me/mikeyo/55122459
thanks for reading.... Mikey o
Punishment The Old School
Have you been burned out from using the old school network marketing techniques? Yes, the old school techniques including the notorious three foot rule, handing out flyers and business cards to anyone and everyone you bump into and randomly putting them in subways and under the window shields of peoples cars, harassing all of your friends and family and relatives, and holding home parties and hotel meetings.
When I first joined my first network marketing company, all excited about the tremendous potential of the network marketing business model and the fabulous, high quality products, I was told to use all these same exact techniques by my sponsor and others in my upline. I was told to do the memory jogger exercise, making a list of all the people I can think of by flipping through the yellow pages and scanning through the different service sections alphabetically... attorneys, accountants, bankers, barber, carpenter etc. and then basically get on the phone and call every one of them to ask whether they would be interested in the business opportunity and/or the products.
Not only was I bombarded with questions I didnt have answers for, but got hung up on and blatantly rejected time and time again. Such humiliation and a thump on my self-confidence every single time... I was repeatedly told by my sponsor that it was a ...numbers game. Every no is getting you closer to the yes he would say.
When I was literally turned away by everyone on the list, all that my sponsor told me to do was to buy some opportunity leads so that I have more people to call and get you closer to that yes.
I naively followed his advice and ended up getting rejected some more and spending a lot more money that didnt bring in any results. Now I was really out of money, and had nothing to show for it.
Then, just as I was about to throw in the towel and calling it quits, I found what I consider to be the life saver for my business. This life saver I speak of was Mike Dillards 7 Day Free Video Boot Camp.
In these 7 free videos, Mike explained how I could attract an endless stream of prospects to me ready to join and actually get paid to prospect. These are the techiniques Mike used to go from waiting tables to millionaire in less than 18 months.
These videos have really changed the way I do my business. Thanks to these videos, I am getting some massive results, and building my business actually has become fun again. I think they can help you greatly as well.
You can get free instant access to these free videos here...
http://overview.magneticsponsoringonline.com
Hope these videos become your life saver just like they did for me.
Both Michael Otis & Ben Needles are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Michael Otis has sinced written about articles on various topics from Prospects. You will be shown a free a video series that will teach you how to build any online home business without spending a dime on advertising! . Michael Otis's top article generates over 480 views. to your Favourites.
Ben Needles has sinced written about articles on various topics from Business Credit Cards, Anger Control and Business Credit Cards. About the Author (text)Hiro Kaneko is the creator and owner of and. Ben Needles's top article generates over 550000 views. to your Favourites.
Best Eye Cream For Dark Circles And Wrinkles So protect your skin by living a healthy lifestyle. protect your skin from the suns UV radiation. Eat right, exercise, dont smoke and avoid excess alcohol consumption