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 · 3 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!
Factoring Brokers Create Momentum for Success
January 19, 2011 by M.Ponomarew · 1 Comment
I think it is time that we address “momentum.” Creating and maintaining momentum tops my list as one of the most important aspects in business. Read more
A Word of Caution for Factoring Brokers
January 11, 2011 by M.Ponomarew · 1 Comment
A word of “Caution” – don’t get stuck with your head in the sand!
I promised to share a special note of caution. That message begins with telling you 1 in 3 Americans are obese and nine in 10 Americans say Read more
2011 State of the Factoring Industry
January 3, 2011 by M.Ponomarew · 4 Comments
Happy New Year everyone! A number of months have passed since my last article. It is not because I have forgotten about you, quite the contrary. You will soon find out why it has taken me such a long time to share my thoughts and observations with you. Read more
How Factoring Brokers Earn Fees
September 27, 2010 by Factoring Investor · 1 Comment
With numerous factoring courses and factoring books available online, many people wonder just how factoring brokers earn their fees.
While factoring commissions are paid in a variety or ways, there are some standards to start with. Read more
Factoring Training for Small Business Funding
August 2, 2010 by Factoring Investor · Leave a Comment
Working with small businesses receivables is a specialized segment of the factoring industry. It’s also lucrative!
Less competition from the large factoring companies can equal more opportunity.
Just ask Jeff Callender, founder of Dash Point Financial Services. He went from start-up cash flow broker to small business factoring funder in just a few short years.
Jeff generously shares his tips for success gained from real life experience. In addition to his acclaimed Small Factors Book series, he provides workshop instruction at factoring trainings and association meetings.
Here’s a look at an upcoming workshop designed especially for small business factoring.
International Factoring Association Presents:
Small Factors Workshop
Thursday & Friday, October 14th & 15th, 2010
Rio All-Suite Hotel & Casino Las Vegas, NV
Small Factors have unique needs. This workshop is designed to give small factors a forum to discuss and learn. Emphasis will be on round table discussion, networking and education.
We will be discussing specific topics that are of concern to Small Factors. Some of the topics that we will concentrate on are:
* Locating working capital
* New and innovative technologies
* Risk mitigation in the present economy
* Legal issues
* Marketing
* Making your business mobile
* New products to offer
* Outsourcing
* Working with attorneys
* New due dilligence techniques
* Case Studies
The second component of our meeting will concentrate on networking. We will begin on Wednesday evening with a Welcome Reception. Breakfast and lunches will be held together to give you a chance to network with the other attendees. Dinner on Thursday evening will also be included.
Moderators: Jeff Callender of Dash Point Financial and Ryan Jaskiewicz of K & L Finance Company with legal council provided by David Jencks, Esq.
The workshop cost is $645 for IFA Members (or $695 for Non-Members) with registration available online at factoring.org
Source: International Factoring Association
We can’t promise you’ll walk away from the Vegas casinos with money but we do know you’ll take home valuable factoring training! If you aren’t able to attend the workshop you might want to check out these affordable eBooks authored by Jeff Callender:
How I Run My One Person Factoring Business – $10.95
Marketing Tools (also included in the Small Factor Series) – $13.95
Small Factor Series – 6 Essential eBooks for Factors and Consultants – $95.00
