HOW TO WRITE A BUSINESS PROPOSAL

HOW TO WRITE A BUSINESS PROPOSAL – Business proposal is an official document or letter use for a specific request, a proposal helps you get help from people that wish to help you. They may be investing or even partnership with them, to get help or a job with them.

Here, i will show you step on how to write a captivating business proposal

HOW TO WRITE A BUSINESS PROPOSAL

1. INTRODUCTION: You need to have an introduction of what the business idea is about, it should be comprehensive and not overly wordy. Try as possible to keep your idea short and do not share every details about the business, keep this paragraph or page shorter.
2. EXECUTIVE SUMMARY: This should serve as your sales pitch, try and make here your swot analysis . Talk about the strengths, weaknesses, opportunities and threats and how you will solve them. Talk about the advantages provided by your competitor and how you would be client’s business thrive.
3. BODY: This part here you talk about the project details including the pricing grid and breakdown of timeline. A pricing grid helps you itemized the services or products included in the proposal as well as prices of any terms related too their easy to read format.

If you have outlined the details of your proposal, re-emphasize the exceptional results your company can provide. Conclude on the call to action on your websites to encourage readers to contact you or visit your site for more information.

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THINGS TO KNOW WHILE WRITING YOUR PROPOSAL

• Who are the buyers? The person you meet may not be your final decision maker, ask a prospect to describe their decision making or approval process.
• what is the pain point? Research on your competition to identify potential weaknesses or gaps.
• what is the budget? ask the prospect for their budget target or if there will be a budget for the project.
• what is the deadline? Ask if they have a deadline to help pinpoint the time frame.
• what is the best solution for their problem? Determine which of your offerings provides the most benefit based on who the buyers are, what they need, what their pain points are, and their purchasing schedule.
• What are your costs if the proposal is accepted? Make sure you estimate the total projected revenue for your company.

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