You may have a strong factoring business built on solid networking. Sooner or later, your efforts are going to turn to the Internet to find ways to leverage new clients. In the beginning you will be faced with two big options…FACEBOOK® or GOOGLE+1™. … [Read more...]
Archives for 2011
A Year End Thank You From Factoring Company Oxygen Funding
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It’s that time of year when many of us are looking forward to the holidays where we get to enjoy time with family and friends and attend holiday parties. Hopefully, many of us will be able to get away from the office for a few days to recharge our batteries and get ready for the New Year. Typically, when I write these monthly articles for Factoring Investor, the discussion focuses on the factoring industry and ways for you to market and manage your business. Last month’s publication, “A How to Guide for Factoring Brokers” was a smashing success with requests for the guide from factoring brokers from all parts of the world. We also received excellent feedback on our social media marketing for the factoring business article that ran … [Read more...]
Medical Staffing Invoice Funding – Tips For Managing Customer Fears
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Many medical staffing business owners worry that their customers (hospitals, nursing homes, medical clinics, etc.) will misinterpret their decision to factor as a signal of financial instability. In reality, deciding to get medical staffing invoice funding help is an encouraging indication that your medical staffing business is stable, rapidly growing, and in high demand. To help alleviate your concerns and to educate your customers about medical staffing invoice funding, consider the following: … [Read more...]
Consumers Should Expect Higher Prices This Holiday
At the end of August, Apparel published the following "warning" if you will. With costs going up, consumers were going to have to pay more - painting a potentially gloomy picture for holiday spending. But did this actually happen and what about the cost of factoring during this period? (8/31/11 Source: Apparel) - A new survey of consumer goods manufacturers and importers shows that the dual trends of weak inventory sales and rising prices paint a dark picture for the upcoming holiday season. As of July 31, 2011, during which time most holiday orders are placed: 83 percent expect prices of consumer goods to rise this holiday season, with one-third saying prices could rise as much as 10-15 percent To deal with the rising cost of … [Read more...]
A How To Guide For Factoring Brokers
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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...]
How Medical Supplies Companies Benefit From Factoring
Now more than ever, medical supplies companies are looking for alternative financing sources. Banks are not approving loans like they used to and recurring cash flow challenges for medical supplies companies are not going away. Medical supplies factoring has been evaluated in the past, but this alternative financing option is becoming a popular and convenient solution to cash flow problems. … [Read more...]
Factoring News: Financing is Tight Reveals Forbes-CIT Retail Study
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Nearly 50% of Retail Executives say their ability to secure financing has not improved or has worsened in the past year, according to a recent study released by CIT Group and Forbes Insights. As banks continue to restrict business lending the need for factoring invoices remains strong. Overall the study shows retailers generally pessimistic about the U.S. economy with 76% expecting the financial crisis to extend into 2012 or beyond. Here are some additional results from the news wire that may also impact your factoring business. Press Release: October 19, 2011 08:30 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--Middle market retail executives are bearish on a short-term U.S. economic recovery, even though many expect … [Read more...]
Factoring Brokers Need to Concentrate On Value, Not Just Money
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...]
Looking For New Factoring Deals? Look Inside First!
Where are the invoice factoring deals? Whether I’m conducting a cash flow workshop or networking with colleagues, this question seems to come up at least once per event. … [Read more...]
Factoring Medical Billing Companies – Frequently Asked Questions
A lot of questions can come up when a business owner starts researching medical billing funding solutions - the idea of selling their invoices to a factor or medical billing funding agency. This article addresses some of the more frequently asked questions … [Read more...]