A How To Guide For Factoring Brokers
November 7, 2011 by Don DAmbrosio · 6 Comments
About a month ago, I posted a discussion on LinkedIn about how to become a factoring broker or consultant in the invoice factoring industry. Specifically, we put together a guide for new and current brokers titled, “Guide to Wholesale Factoring.”
The guide contains information on industry related topics including, benefits of factoring, factoring vs. bank financing, sample transactions, targeted industries, qualifying prospects, overcoming objections and more.
The response was absolutely overwhelming! Read more
Factoring Brokers Need to Concentrate On Value, Not Just Money
October 17, 2011 by Factoring Investor · Leave a Comment
The essence of offering factoring broker services is fairly simple. Help companies sell invoices to gain quick access to cash.
But if you are only concentrating on the “money” side of the business, then you are only focusing on half of the issue. Read more
International Factoring Association Interview
September 19, 2011 by Factoring Investor · 1 Comment
What changes are facing the Factoring Business?
We are honored to get insights from Bert Goldberg, Executive Director and founder of the International Factoring Association, in this issue of Read more
5 Free Tools to Help Factoring Brokers Online
July 25, 2011 by Tracy Z · Leave a Comment
Looking for marketing and factoring training to increase business?
Take advantage of these…
Free Tools to Grow Your Factoring Business Online!
1. Google Places Page for Factoring
Believe it or not Google is providing a free web page for local businesses through their Google Places Pages. This allows Read more
Starting Your Own Factoring Business? It’s Your Call
July 11, 2011 by Don DAmbrosio · 3 Comments
At some point in our working lives many of us think about starting a business and being our own boss. The thought of Read more
Factoring Brokers Get Paid Before a Deal Closes?
July 5, 2011 by Factoring Investor · Leave a Comment
You have to hear about this…
New Factoring Broker Promotion!
We all know that factoring brokers normally get paid a referral fee after the factoring companies fund the invoices. But PRN Funding is currently running a special offer to factoring brokers that pays a $50 gift card upon referral of a qualified medical staffing lead!
It doesn’t matter if it turns into a closed deal… you still get paid! It just has to meet these requirements:
Upon evaluation and approval that the following criteria have been met for a referral, PRN Funding will mail out a $50 gift card (of the broker’s choosing) directly to the referral source:
- The prospect must be an organized entity (Corporation, LLC). Sole proprietorships, general partnerships and DBA’s do not qualify for this promotion.
- Broker/cash flow consultant must, at minimum, informally introduce PRN Funding, LLC to the prospect. In other words, PRN Funding will not make any cold calls as part of this promotion.
- The prospect must have a legitimate need and interest in accounts receivable factoring.
- PRN Funding must receive a completed application and accounts receivable aging report from the prospect.
Source: Get all the details from Nikki Flores of PRN Funding at Factoring Broker Summer Promo.
Gift card choices include popular places like Amazon, AMC Movie Theaters, Starbucks, iTunes, Golfsmith, Olive Garden, and many more.
Want more good factoring news?
You can also be eligible to win an iPad if you refer the most potential clients (with at least 3 leads needed to qualify).
But hurry, factoring brokers have until September 30, 2011 to take advantage of this great offer.
Need marketing ideas to jump start your factoring business?
Grab your copy of Marketing Tools for Small Factors and Consultants.
You’ll get instant access to this incredible ebook filled with 45 marketing strategies from 7 successful factoring brokers, consultants, and companies.
Factoring: Colbert Report Video Reveals Need for Invoice Financing
April 18, 2011 by Factoring Investor · 2 Comments
What’s ailing small business in this recovery?
Why aren’t they hiring more people?
One major reason…big business is using small business as their banks!
The big guys are showing solid returns yet purposely taking longer and longer to pay the invoices owed to small business owners. Read more
International Factoring Companies
March 28, 2011 by Factoring Investor · 2 Comments
US exports are on the rise leading to increased opportunities for international factoring companies and brokers.
In January 2011 exports set a record 167.7 billion up 16% from a year ago and beating the prior high of 165.7 billion in July 2008, according to Read more
Factoring Broker Training – Don’t Make These 3 Mistakes!
March 2, 2011 by Factoring Investor · 2 Comments
Want to earn referral fees as a factoring broker working full or part-time? Be sure to avoid these three common mistakes when seeking prospective clients in need of accounts receivable financing. Read more
The Factoring Broker’s Action Plan
January 25, 2011 by M.Ponomarew · 2 Comments
Wondering How to Earn Fees as a Factoring Broker?
Mike Ponomarew reveals the Factoring Broker Action Plan in his next webinar. Read the article and save your seat today!
