When Yahoo puts out its Hot Jobs list, people listen.
As job prospects are expected to slow in 2009 people are urged to look into fields that are poised to excel. Yahoo Hot Jobs listed being a Factor as one of their Top 10 Professions for 2009.
More and more businesses are seeking alternative financing in this economy. Banks are tightening their belts and even good companies are having trouble managing cash flow.
Although Factoring has been around since business began (How Old is the Factoring Industry?), it has more than stepped into the daylight as a legitimate form of financing – and a profession to learn.
Not only did a Factor make the Hot Professions list for 2009, it was at the top of the list in regards to average annual income (at nearly $80,000 per year).
The article also quoted “It’s a huge business and, at a time when people can’t get other types of lending, factors are skilled experts at lending against accounts receivables.”
There are numerous ways to get involved in the industry but for the most part Factoring Consultants market to businesses and pass the deals on to Funders to do the work (thereby receiving a commission).
The best part for consultants is the commissions are typically reoccurring. As long as the business uses the Factoring services the consultant will continue to receive a referral fee – for the life of the account.
For more information, check out the ‘How To” articles and Funders at FactoringInvestor.com.
The original article entitled ’10 Hot Professions for 2009″, by Joy Victory with quotes from Ron Mitchell, can be viewed at http://hotjobs.yahoo.com/career-articles-10_hot_professions_for_2009-633.
[…] the need for alternative financing is on the rise. This is just part of the reason factoring made Yahoo’s Top Ten Jobs List for 2009. Yes, that is opportunity you hear knocking! Filed Under: From the ExpertsTagged: accounts […]