The NewRich report is another funded proposal system from Joel Broughton. He has produced a few funded proposals with one becoming quite successful that he co-founded with Paul Birdsall.

Regardless of what you may read about Joel on various sites around the internet he does know how to build a business online-and fast.

I received the link from a marketer whose list I am on a few months ago. I decided to take a look since he would be actively promoting it. It was just the beginning so when I went into the member’s area it was very bleak. Almost no information or training available.

The information contained in ‘The New Rich Report’ itself was very basic information. Nothing new or controversial like you would see from Ann Seig. After experiencing something very similar with Mr. Broughton in the past I decided I would pass on this new funded proposal system.

With this blog I will be reviewing programs, companies, systems, and gurus and intended to do a review of the NewRich report since I was familiar with it. My member login info still worked so I thought I should take another look to refresh my memory.

I have to say the member’s area is much better. Lot’s of training and ‘how to’ information. I’m not a big fan of some of the methods he teaches but it’s definitely a better product than his last funded proposal and much improved from the launching of the NewRich report.

Pros

Free to use

Training available to members

Cons

No total control over your prospects. You are using his auto responders. You are building his list as well regardless of what he says in the member’s area.

It’s a replicated site so hundreds or thousands of members will be using the same site which dilutes the response to it very quickly.

Lot’s of talk about spillover and guaranteed downlines. You will be lucky to have one person fall under you due to the large amount of members he is promising the same thing to.

I won’t be using Joel’s system due to the three cons listed above and also a prior experience working with him on another one of his systems. But I will give credit where it is due. He will sign up hundreds initially into the two or three businesses he is promoting thru the NewRich report. You probably won’t do the same thing with it.

That’s good for him and also very smart. It shows the true power of creating your own funded proposal system.

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