Even wealthy business owners checkup with their CEO’s regularly. To create something that runs 100% independently of its maker is a rare occurrence. It is fully possible to make money within 30-60 days from enrollment in our program, but that is up to you. To lightly touch on that topic, it would be prudent to note that this isn’t a business model that will run apart from you. (See our full-length, huge article on the various why a business needs money, and how you can profit from that) There are several reasons a business might need a loan, and it isn’t always a negative one. So whether a business is in retail, marketing, auto sales, or even renovations, they all need money, even when things are going well. But as a business lending broker, you can profit on a bad day and a good day. (There has rarely ever been a better time to become a business lending broker) But Wait, I Thought Businesses Suffer In A Bad Economy Like In 2020? (Especially after what is estimated to be over 31% of small businesses closing in the US in 2020)īecause of how the economy and political trends have developed over the last decade, online lending through a broker has reached an apex of popularity. There can be many reasons why a business needs a loan (and those reasons matter) but modern day lending has become the norm, not the exception. The problem facing many businesses today involves a lack of capital. In fact, if you know how to maximize profits on an opportunity like this, it can be extremely profitable. Is Short Term Financing Profitable?Īssuming you know how to structure the deal like our students do, then yes, it is profitable. Yet amazingly, many training programs don’t cover this kind of lending option very well, and that means many lending brokers miss out on these opportunities. If they want money quickly, and don’t want to pay an enormous amount of interest, a short-term loan can be ideal because it means the entire transaction between the client, broker, and lender, is going to be faster. To better explain, let’s give an example.Ī business client needs money, they decide to work with you, and you introduce them to the lender/ lending option. It means the interest rates could be lower because the money is going to be paid back faster, and it also means a broker’s fee in the deal is going to be different.Īlthough a loan of this type has the potential for residual profits (where the broker is paid in full over an extended period or during the full length of the loan term) a onetime commission can also be more ideal depending on the circumstances of the client and the lending options at your disposal. Short-term finance usually refers to a loan with a shorter loan-term than other traditional loans. Also, why is that the “minimum” they pay you? Critical thinking is important, and it is how we could design a comprehensive short-term finance training to help you maximize your profits as a business lending broker. The “minimum wage” is actually mind-boggling when you think about it because it is not proportionate to your abilities, your experience, or the tasks of the job. A part-time job is actually something that employers expect us to 100% commit to. Ever heard of a “part-time” job? Or maybe something like “minimum wage”? These are descriptions given to things that are inherently an oxymoron. The irony of modern day business stems from the fact that a “short term” solution to a “long-term” goal can actually be ideal.
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