Magnetic Sponsoring – How Does It Work?

Magnetic Sponsoring was created by Mike Dillard as a solution to help network marketers earn an income whilst advertising for their network marketing business. Lets take a deeper look into the funded proposal and look at an actual case study.

Magnetic Sponsoring – How does it all fit together?

The magnetic sponsoring funded proposal system is aimed at earning you an income initially whilst you are building your network marketing business. Magnetic Sponsoring has 4 courses available at present which you can sell to other network marketers and MLM'ers to help them learn how to build their business online.

The 4 courses are:

1. Magnetic Sponsoring – Teaches you about attraction marketing and creating an online presence.
2. Building on a Budget – Shows you how to get started on the Internet to build your network marketing business whilst sticking to a low budget.
3. MLM Traffic Formula – Talks in detail about using the various tools of the Internet to build your system.
4. Black Belt Recruiting – Talks about posture, sponsoring others and using the phone to build your business.
   

When you join Magnetic Sponsoring, you login to your account and download your links which you need to refer people to when you are advertising the above courses. (If you hover over the above links, you will see that my username gavinmountford and the product name is in the URL). Each one takes the visitor to the sales page of the specific product.

How Do I Earn Commissions?

If you send a prospect to either of the above sales pages, they will either:

1. Buy the product
2. Leave the website
3. Submit their email address for more information

If they buy the product, you will earn a commission instantly from the sale. If they submit their email address for more information, you will be classed as their referrer and if they buy any of the products in the future, you will be credited with the sale and will earn a commission.

The great thing with the Magnetic Sponsoring system is that once you refer the prospect/ customer to one of the 4 sales pages and they submit their email address or buy one of the products, you will be credited with the sale of any or all of the products they buy in the future.

I refer a lot of people to Magnetic Sponsoring, and sometimes I have people who buy 2, 3 or 4 of the above products which earns me over $150 in commissions each time!

Another great benefit is that Mike Dillard has set up a series of pre-written autoresponder emails to be emailed out to prospects over a period of time, so that once people are in the system they continue to get emails until they either buy a product or unsubscribe from the system.

What Can I Do With The Prospects?

When someone opt's in for more information for a particular product, I usually send them a quick personal email. I usually introduce myself, ask a few questions about them and ask if they need any help with anything.

Many people don't reply for some reason, but when people do reply, you can start to build up that all important relationship with them. You can help them, learn more about them and maybe in the future they will join your network marketing company.

For me, I don't care if the prospect joins my company or not. It's an extra bonus if they do, but I earn a great income from just selling affiliate products such as the magnetic sponsoring courses etc to other network marketers.

Whilst selling these courses, I'm attracting people to me, gaining their name and email address, and building a relationship with them.

Note: I only email the prospect once with my initial email, if they don't reply, I don't keep pestering them. I also DO NOT advertise my network marketing company when I approach them. This would scare them off and I would lose the possibility to build that relationship with them.

How Do I Advertise?

We've come back to that excellent question again! Inside the magnetic sponsoring back office, there are lots of ideas and ways to advertise your ebooks, so I suggest you take a look. I've also written some excellent tutorials on the various advertising methods on this site.

Some of my ideas include:

• Video marketing
• Google Adwords
• Article marketing
• Blog writing
• Social Networking
• Instant Messenger and building relationships with people
• Ezine advertising
• Forum marketing (Link in your signature)
• Banner advertising

You can use all or any of the above to get your message out, but DO NOT SPAM. Here is Wikipedia's version of spam. http://en.wikipedia.org/wiki/Spam

If you advertise magnetic sponsoring or any system or network marketing company by spamming, then you will be banned and will lose your account and any commissions you've accrued.

How Much Commission Do I Make Per Sale?

Affiliates are paid a flat $20 commission for sales made of Magnetic Sponsoring and 40% of the purchase price on every other product. Prices may raise or lower constantly during testing periods, special offers, or sales.

But as I said previously, the great thing with the system is that you'll earn multiple times from each person you refer and will gain income for the lifetime of the customer.

Are There Other Funded Proposal Systems?

Yes, there are many other products you can sell to earn an income but you have to be a little careful which you promote.

Lets say that I am an active network marketer and I'm looking to sign people up into my network marketing company. One way I could do that is to create an ebook, or a course for people to buy. I could then pay other people to promote my course for me. Whilst those people who are promoting my course are earning a commission for each sale they make, I'm gaining the long term benefit from that customer because I can collect the customers email address, and then make contact with that person to sign them up into my own network marketing company.

There are certain products I don't promote because I know that the author of the product has got a hidden agenda. Whilst I'm earning $20 for each sale I make, the author of the product is making thousands of dollars in long term residual income and then the person I sent to buy the product joins his network marketing business and not mine!

So, be careful what you promote as you may be sending your prospects away from you and into the hands of another clever network marketer.

The benefit of promoting magnetic sponsoring is that the people you send to the website are yours and you are not going to lose them to the owner of the system.