Welcome to part II in the article sequence on utilizing the internet to get your online mlm business across the chasm and to the next stage. If you missed part I, you'll find it on my blog at ClintMello dot com. So what exactly is a "funded proposal" and how does it affect my online business building efforts? That, boiled down, is the topic of this article.
Let's backtrack a bit here first. There are 3 Simple Steps to Produce Leads, Implement a Simple Step By Step System, Decipher the Duplication Problem, and Crush the Competition. These 3 key steps are Using the Funded Proposal, Personal Branding, and Automating Your System.
It all begins with understanding the Funded Proposal. By description, using funded proposals simply means funding your online mlm business through generic offers. I find the simplest way to describe it is to break it down into 4 steps which really resemble the building blocks laid out in part I of this series. They are:
Step 1: Generate Traffic
Step 2: Turn Traffic into Leads
Step 3: Profit from Generic Offers
Step 4: Sponsor Distributors into your Primary Business
We've already covered steps 1 and 2, so let's take a look at step 3. Why do you want to make money from Generic Offers? We'll examine a hypothetical scenario. Suppose you get 100 prospects to visit your website. From those 100 leads, roughly 3 people will in fact join your online mlm business, ie: your primary business. (That's the NORM, regardless of how accomplished you are or how well constructed your website is.) So let's assume 1 in every 30 people enrolls in your opportunity. Well, if you were able to get an extra 7, 8, 9, or 10 of these leads to buy a product or service from you, you can profit like 10 times more from your leads while you're expanding your business.
Let me repeat that - using generic offers, you can benefit around 10 TIMES MORE from your leads WHILE you're building your online mlm business. And that's the reason funded proposals are so powerful. This means, in the process of initially sponsoring folks into your business, you can generate 3, 4, and even 5 times as much money than from only your primary mlm business. Using David Wood as an example again (you can read about him in the 1st article), he generates 3 times the income at his income level in his primary business as anyone else that has a volume that's close in size in their team, by means of funded proposals and marketing generic offers to his lists. That's pretty powerful stuff!
Well that about wraps up part II in our progression, "The Power of the Funded Proposal When Building Your Online MLM Business." Returning to the 3 Straightforward Steps to Produce Leads, Apply a Uncomplicated Step By Step System, Solve the Duplication Problem, and Dominate the Competition, in part III we will focus on Personal Branding. So be sure you stop by my blog real soon at Clint Mello dot com to get the scoop.
Onward and Upward!
"Action is the real measure of intelligence." Napoleon Hill
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