|
MasterNetworker Article #58 - 4/23/1998
Make Your Recruiting Efforts Pay
The Concept of the Funded Proposal
By Alex E. Booth
Geometric progression sounds nice in theory, but...
The "just get 5 who get 5..." theory of geometric progression has
obvious
problems in an industry that suffers from a 95% failure rate. If you
could
turn a group of 5 people into a large organization, we would have all
gotten rich in the Big A years ago. To achieve real success with most
network marketing companies, you need to sponsor large numbers of
people.
If you have your sights set on sponsoring a large number of people into
your Network Marketing business, direct mail may be your method of
choice.
But be careful. Direct mail can be a very expensive undertaking if
you're
not using a funded proposal. Without this tool, you can expect to spend
thousands for a very small return.
How does a funded proposal work?
The funded proposal, as referred to in the March 1996 issue of Upline
Journal, offers valuable information to your potential prospects.
Namely,
information about "How to succeed in Network Marketing." With such a
high
industry failure rate, networkers are starving for a better system.
They
are hungry for practical information about building their Network
Marketing
business.
Many of the "heavy hitters" and "marketing gurus" in the industry have
known about and used funded proposals for a long time. They sell
generic
information and then backend prospects into their company. In the
process,
they are erasing their ad costs.
Have you heard of Tony Robins, Don LePre, Brad Richdale, "Big Al" or
John
Fogg? If you buy any of their how-to training products, you'll soon be
introduced to their "backend." The "hook"...their initial "offer"... is
only meant to help pay for the ads.
How can you use funded proposals to rake in hundreds of quality
prospects
at little or no cost?
HERE IS THE KEY...When you use a funded proposal approach, you need to
offer "generic" information that appeals to almost everyone in Network
Marketing. There is an abundance of generic Network Marketing "how to"
information out there for you to use. If you are so inclined, there are
even books that will teach you how to create your own information
products.
If you don't want to take the time to create your own, you can use
generic
training courses that that have been specifically designed for use as a
funded proposal. Whether you create your own or use someone else's, a
funded proposal can give you and your downline virtually unlimited high
quality prospects. And best of all, they won't cost a lot of money to
acquire! With a "Funded Proposal," you may even make a profit from your
recruiting efforts this year.
About the author: Alex E. Booth is a successful network marketer who
teaches the business of network marketing. He believes in teaching
people how to first survive and then thrive in their network marketing
business.
For more information about how you can use Funded Proposals to build
your network marketing business, visit Alex's web page here.
E-Mail Lon Lindsey Publisher of: The Master Networker
The Art of Building A Business
|