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It's called a "Funded Proposal" or "Funded Sponsoring". This is not a new term in the industry, although it may be brand new to you.
A Funded Proposal is simply completing an initial sale to your prospect before you offer them your main product. Normally this is done by selling a low cost information product or low cost introductory product or service.
Funded proposals work so well because it allows your prospect to experience the sales process with you, prior to committing a lot of time or money. Usually the offer and sale happens relatively quickly and in the online world it is always done with an automated sales process.
Once your prospect purchases something of interest (usually information) from you, they now feel that they can trust you as a vendor, they will decide if you have provided value for their money, and they will determine if you are someone that they want to do further business with. (This is all going on subconsciously for your customer)
From the "sellers" prospective (YOU), you have been able to generate a small amount of income from the sale of the initial product which is intended to help cover the cost of advertising (building your list) to generate the next sale. By re-investing the initial sales revenue, you can then "fund" future customer acquisition (getting you more new customers), without taking more money out of your own pocket.
If You Never Had To Pay Another Dime Of
Your Own Money On Advertising, Would
You Be Interested In Using That System?
Of course you would, and that's exactly what you have with the New Rich Funded Sponsoring System. Once you get it up and running, it will generate those "initial sales" for you like clockwork, putting that money in your pocket so that you can pay for more advertising to grow your business.
Funded Sponsoring is simply a funded proposal used in the Network Marketing arena. If you have a Network Marketing business that you want to promote, wouldn't it be great to have an endless stream of people to talk to that didn't cost you any money out of your own pocket?
That's why I set up the New Rich Report and New Rich system. It's designed to monetize your list, which is making those initial sales for you. So that you can then take that money and invest it back into more advertising. In addition to that, you will have everyone on your list that you can contact about your Network Marketing business.
Funded Sponsoring! Genius, Isn't It?
I didn't make it up, so I can't take credit for it, but I have one of the best, if not THE TOP system for implementing the Funded Sponsoring concept in Network Marketing. So you're definitely in the right place.
Here are your options with regards to making money from home.
1. Traditional Business Building Model:
* You run an ad or buy some leads
* You introduce people to your business hoping they will sign up or buy
* You run an ad or buy some leads
* You introduce people to your business hoping they will sign up or buy
* You run an ad or buy some leads
* You introduce people to your business hoping they will sign up or buy
* You run an ad or buy some leads
* You introduce people to your business hoping they will sign up or buy
2. Funded Proposal/Funded Sponsoring Model:
* You run an ad.
* Your prospects from the ad are offered an initial information product to purchase.
* Some buy/some don't, but the process is automated so it doesn't take any of your time.
* You earn enough profit from that initial sale to cover the cost of the ad.
* You then introduce people to your business hoping they will sign up or buy
* Automatically whether they buy or not the system offers them other things to buy, which make you further profit, without taking any of your time or effort.
Of course the second scenario is much more profitable and seems to make more sense. But what is truly the main factor in the funded sponsoring model that makes it SO MUCH BETTER?
Funded Sponsoring Does NOT Rely
On YOU To Be An Expert
To be successful in a home-based business you do have to develop skills. You do have to practice and improve your abilities to be able to be a high-income earner. But, here's the REAL TRUTH...most people go broke before they can ever breakthrough and achieve high levels of success.
I almost did!
What Funded Sponsoring really does that is ingenious, is that it automatically makes small sales for you regardless of your current level of skill, experience or time commitment. Your ongoing cashflow is put on autopilot.
If you were to spend $100 on advertising to make $100 in commissions, would that be a good business?
The answer is ABSOLUTELY YES!
If you are just beginning your home-based business you may think "That doesn't make sense, I didn't make any money". The experienced home-based business owner will say "Perfect, I've covered my costs, now I can try to sell my main business or products to my customers?"
The big money is actually on recurring sales, repeat sales or additional sales made to your customers. If you can just break-even on your advertising costs, then you have a winner every time, because you now have a bunch of satisfied buyers that are more open to looking at other stuff that you sell.
100% Automation Of The Initial Sale
Is What Creates Success
That's why we fully automate the initial sales. If you can sell an information product to 100 customers by running an advertisement online and having them go to a website, then all you have to do to make more money is run 10x more ads, and voila; you've got 1000 customers.
But, the main point of all this is that you will now have 1000 customers that know you, like you and trust you, that you can introduce to a higher sale or your Primary business. Get it? If they trust you, they are more likely to join you in whatever you are doing.
And not only that, you've made sales through a "system" approach that you, as a human being, can't screw up. Please don't take this the wrong way, I'm not saying that YOU are a screw up. I'm just saying that WE as humans will have an effect on success if we're having a bad day, or have a family commitment, or are just plain tired out. But if we automate the initial sales process, we will create sales regardless if we are even present or not.
So, by automating the initial sales process, we're freeing up your time and ensuring that the sales message to your prospect is the same every single time, even at 3:00 AM.
FREE Instant Access!
Dwayne Powell coach, mentor,and teach frustrated network marketers to become successful leaders and I do it for free: Regardless of MLM company Affiliations:
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To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.dhpsite.com/
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