Should You Monetize Your Network Marketing Business With A Generic Funded Proposal?

Well that seems like a rhetorical question! I mean why wouldn’t you do that?
If you can get more income streams running through your business and into your bank account then it seems like a sensible thing to do right?

I guess the only reason you wouldn’t do it is if you didn’t know what it was, or perhaps you kind of know what it is but don’t know how to do it… or you may be a little afraid to grasp the new style of business model because you’ve always done things a particular way. Change can be scary.

Let’s clear that up today.

At the moment I am helping Network Marketers to cross the bridge from concentrating purely on the traditional business model, to implementing the new model which comprises not only more possibilities online, but also a structured route for implementing a funded proposal.

So what is a funded proposal? You’ll be hearing more and more about it so we may as well get straight on it now! There’s nothing worse than not knowing what’s going on and missing out on a good thing.

A funded proposal is a fancy name for a marketing funnel that offers some kind of product (information and educational ebooks and courses work well) at the front end and enables you to do several wonderful things as follows:

a) attract the right target market for your primary business by providing useful resources

b) monetize the process with an automated system so that you can have cashflow running through your business very quickly (almost immediately if you already have a presence on the internet with social media sites and perhaps a blog)

c) generate quality leads at no cost, or even at a profit depending how you are promoting it.

d) You get paid whether your ‘leads’ join your business now or not, and you also are able to build a relationship with them which means that you can introduce them to your primary business if and when appropriate.

e) You learn how to build your own list which you can market to for life and build your own cash machine.

f) Survive, thrive and keep smiling even if you are not the No.1 recruiter in your company!

Nowadays it is easy to plug into a system that provides all the marketing tools and affiliate back office for you instantly. You don’t need to handle any of the payments or figure out how to deliver the product. It’s all done for you. You just need to promote your link and there are usually lots of great banners and advertising tools for doing this.

There are quite a few funded proposals available which are designed specifically for Network Marketers. Do a bit of research and find out what works best for you.

I favour Magnetic Sponsoring because the products are valuable information resources that I buy myself and can promote with enthusiasm. The affiliate programme is solid and the customer service is excellent.

As we switch over to the new era of Network Marketing some people still hesitate about this concept and I think it is usually just because it is unfamiliar to them. There is no other business where you would not encourage business owners to generate cashflow through advertising and offering other products and services so why would we not do the same?

Some leaders are concerned that affiliate programmes will distract their team members from their ‘mission.’ In some cases I think this can be the case but if you choose wisely the funded proposal is designed only to compliment the work one is doing with the primary business. It allows a new distributor to stay in the business long enough to learn the skills which are needed to build a strong passive income.

I am all for this because in my first years in the business I was under constant financial stress and almost developed stomach ulcers just thinking about how I was going to keep myself afloat financially.

Does your company offer great training events in exotic locations around the world? Lifestyle is what its all about but too often new team members find themselves living the ‘lifestyle’ without the funds to pay for it.

I see the funded proposal as a way for them to put cash in their pocket, thus helping them to maintain a good attitude and funding their business and travel expenses until their residual income kicks in. In my first company we used to retail in our sleep just to stay alive and also to meet the dreaded monthly volume requirements.

We are fast moving away from that model and retail is all but dead in Network Marketing. The funded proposal is so much more fun and once set up works on autopilot. That means you generate cashflow without taking your time away from building your main business because the two activities blend together beautifully.

Check out how Magnetic Sponsoring Funded Proposal works here and if you decide to join I’ll give you a helping hand and show you how to get started fast.