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In this video tutorial, Mike Plogger discusses the importance of business proposals and provides 10 key steps to create an effective one. Unlike marriage proposals, which Visme does not specialize in, the platform offers resources for business proposals, including free professionally designed templates. The core purpose of a business proposal is to persuade intrigued individuals who are not yet fully convinced. Mike emphasizes the aim of these proposals in attracting new clients and customers, highlighting their significance in securing business opportunities. By following the outlined steps, viewers can enhance their proposal effectiveness and increase their chances of success.