Types of Business Proposal
1. Sales Proposal
Sales proposal is written to sell an item or idea to a company. It is usually used for research and project request. Sales proposal is used to attempt to propose new idea, products or services. First, it is essential to educate potential customer or client about your product or service to offer. Then, you have to provide convincing statement why the customer needs the product or service. At last, illustrate the return of investment (ROI). A product or service demonstration should also be included in order to know the benefits and advantages. An effective sales proposal has an increase the chances of attaining positive results.
2. Grant Proposal
It is written to request money that does not have to be paid back from government or private donors. The US government as well as some private foundations and public corporations gives billions of dollars in funding to individuals and organizations to be used for particular projects. This financial support requires no repayment as long as it used to fund the project for which it was allocated. The money or the funds is called grant that can be given to individuals, non-profit organization or not-for-profit companies, foundations, charitable or educational organizations. A successful grant proposal will be awarded the funding.