Factoring Taps Into The Social Media Revolution

When it comes to Marketing there are many theories. With so many strategies what should you do to attract Factoring prospects?

To receive your answer, you must learn to observe the way people are communicating with each other in 2K10. Read more

Marketing Ideas for Factoring Brokers – Book Review

Do you ever wish someone would hand you a blue print for finding business?

If you are like most factoring brokers you may wonder:

“Which marketing methods are most effective?”

“Which are a waste of time and money?” Read more

Are You Linked In with Factoring Groups?

If you are looking to network with other factoring professionals then it’s time to get active with LinkedIn.

This online networking platform is doing for business what Facebook did for friends and family.

LinkedIn offers free membership for networking with over 70 million members in 200 countries.  But even better, you can specify the type of professional groups you want to actively follow.

The factoring industry alone has over 50 Groups focused on this specialized segment of commercial financing.

If you are a factoring broker be sure to check out these most active groups:

• Commercial Finance Association
• Factoring Professionals (FP Americas and FP Europe)
• Trade Finance, Factoring and Forfaiting Professionals
• The Global Commercial Finance Network
• FactorNet Lead Referral and Networking Group
• International Factoring Association
• De Lage Landen Member Community
• Asset Based Finance Association LTD
• International Factors Group
• National Funding Association
• Commercial Finance Today
• Factoring Brokers

Recent discussions ranged from where to find accounts receivable funders for dentists to the potential impact of the Wall Street Reform Act on the factoring business.

So what are you waiting for?

Leave the embarrassing photos and weekend updates to Facebook and start using LinkedIn to network with factoring professionals that can help grow your business.

Why Use Spot Factoring?

Spot factoring lets a business raise working capital by receiving an advance on just a single outstanding invoice. Here are 3 reasons it is effective to offer spot factoring to clients, as shared by Steve Ontiveros of Resource Business Partners, Inc. Read more

Why Yahoo Hot Jobs Names Factoring Broker as a Top 10 Profession for 2009!

A Factor you say! A what? Didn’t you study those in algebra?

While this career is fairly foreign to most folks, it is quickly becoming a very “Hot” opportunity, since bank loans are hard to come by. Read more

Factors and Asset Based Lenders Fill Bank Financing Void

The results are in and the numbers show what many of us were already seeing, factoring and asset based lending are on the increase.  Amazingly, factoring has experienced continued growth for the past 33 years in every year except 2001.

Just take a quick look at these highlights Read more

Factor Marketing – 5 Proven Referral Sources

A factoring broker has excellent earning potential referring business to factoring companies for accounts receivable funding. But before there are commissions there must first be prospects, which all stems from active marketing.

Successful factoring brokers continually turn to referral based marketing as a key component of an effective marketing plan.  Consider these five proven performers when developing factoring referral business: Read more

How Can I Earn Commissions in Factoring?

Moneymaking opportunities abound for factoring brokers and cash flow consultants. Read more