On January 24, 1848, gold was discovered at Sutters Mill, near San Francisco California. but savvy business people figured out the money wasn’t just in the gold, it was in MINING SUPPLIES. Since then, marketers have adopted this as an analogy, and we still talk about selling “shovels to miners.”
The best way I know of to take advantage of this powerful marketing strategy is through a FUNDED PROPOSAL. Simply put, a funded proposal is a method of selling an inexpensive item to people in your target market, like an e-book, course, or DVD. When they buy the product, you then know that you have a very serious prospect.
One way I do this is by marketing an e-book that has something they want- in my case a 181 page e-book about how to stop chasing people and start ATTRACTING them into their business. This is information network marketers crave. So they go to my capture page, enter their info, and about 5% buy the book. So for every thousand leads I sell fifty books at $37, a total of $1850 in extra income.
But the money isn’t the best part, the leads is what’s important. So the best part of the equation for me isn’t the money (although that’s nice!), it’s the fact that I’m generating extremely high quality, targeted leads of people who are experienced network marketers, and now I have a chance to get to know them and eventually show them my business.
So here are the seven reasons why you need to have a funded proposal system in your marketing efforts.
1. It is a source of extra cash flow. My funded proposal makes enough money to cover ALL of my marketing expenses and my company auto-ship. This is HUGE, because most people quit the business after just a few months, usually due to lack of success and lack of money.
2. It frees you from corporate compliance! Very few companies allow you to aggressively market their business. They have to protect their good name and products, and giving too much freedom to the sales force can land them in a lot of legal hot water. So as a marketer, you are limited in the advertising you can do for your company. But not so with the funded proposal! I can sell an e-book however, wherever and as often as I like!
3. The leads are qualified prospects who are interested in Network Marketing. The book I sell is called “Lighthouse Marketing, The Art And Science Of Attracting People Into your Network Marketing Business.” The only person that would ever be interested in that is a network marketer, right? I mean, it has the words “network marketing” right in the sub-title! So if they enter their name on my capture page I know I have a great prospect, not some generic “work from home” lead like I’d find at the lead store.
4. Leads are real time! The minute they enter their name at your site their info is up-dated in your back office instantly! No more “30 day old” leads!
5. It builds credibility with people. They perceive you as an expert when you are successfully marketing products online. That is often what they are looking to do also.
6. It allows you to market in places where others aren’t successful. For example, social networking is crammed with people marketing their opportunities to each other, with very little success, because they’re all just interested in their OWN company. But a marketing system or valuable e-book is something they can ALL use, no matter what business they are in. After they submit their name as a lead on your site, you get a chance to market to them and build the relationship. Over time you have a chance to bring some of these people into your business.
7. It gives you control over your marketing efforts. Most network marketing professionals are dependent on somebody for leads. Very few are good cold market prospectors. Most need a lead source of some kind. When you have a system that you control 100% you no longer worry about bad “batches” of leads, or price and quantity fluctuations. You OWN your marketing 100% and generate your own leads on demand!
The bottom line is this: if you are in online network marketing and you aren’t using a funded proposal system, you’re working too hard!
To see the whole system in action just go to:
To your success!
Dave Sherwin, the Lighthouse Marketer
Recent Comments