The Funded Proposal Explained
How to Build Your Network Marketing Business
What exactly is a funded proposal and how can it help you build your network marketing business?
To answer these questions I am going to use the example of Mike Dillard's Magnetic Sponsoring because it is a funded proposal system that I use, like, and have been successful with.
Let's break down the components of this marketing system:
Knowing your target market.
Your market is other network marketers.
Why? Because they are already "sold" on the concept of network marketing and they need help getting new distributors and customers.
How can you help them?
Offer them a free 7 day video boot camp that will show them how to use attraction marketing to build their business.
Where is the funded proposal?
The offer to purchase the complete Magnetic Sponsoring (MS) course is made available within the free video boot camp.
The course currently sells for $39. If you are an affiliate, you earn a $20 commission for referrals.
These commissions help you to offset your advertising costs and can provide some cash flow while you build your business.
A funded proposal is the art of selling a front-end product to open up the opportunity to make more back-end sales.
So where is the back-end?
As an affiliate, anyone who signs up for the free bootcamp becomes your lifetime referral. MS offers other products such as the MLM Traffic Formula that you can earn affiliate commissions from.
How will this help me build my business?
This is actually the other back-end to the MS funded proposal system.
Affiliates are provided a back office that lists the contact details of every referral.
By building and nurturing relationships with these network marketers, eventually some will join you in your business.
If this sounds like something you'd be interested in, I suggest checking out the free video boot camp to see if this "feels" like a product and a system that could help you build your business.
To read why Magnetic Sponsoring is my favorite affiliate program, check out this post here.
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