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Bit Proposals is a solution designed to help business owners find, prospect, and close leads through personalized video proposals and contracts. Users begin by logging into their dashboard to create a proposal. They have two options: recording a video from scratch using the video recorder, which can feature a mix of on-camera and screen recordings via a provided Chrome extension, or choosing from predefined templates suitable for their niche or service. The demo emphasizes that these templates are pre-built by the team to facilitate the process. Once a proposal is accepted, clients can sign and track everything efficiently.