What are the most effective marketing methods to find new factoring clients? This is a vital question confronting all factors and factoring consultants, especially those new to the business. Yet surprisingly little is written to answer such a key issue. This book shows which tools work (and which haven't worked) for seven professionals in the industry. You Will Discover: The most effective methods which have the lowest cost - or no cost at all. Methods too often used by newcomers which are quite expensive and generate very little (if any) business. How to define your "choice client" then identify and zero in on that audience. Specific advice about what to do (and what not to do) as you get started. Unique methods not often … [Read more...]
Factoring Fundamentals – How You Can Make Large Returns in Small Receivables
Are you seeking a way of making dependable income with the hours you choose from any location you want? Would you like to make consistent, "even routine" high investment returns without the roller coaster ride of stocks, options, futures, and other risky investments? This book opens a new world of creating income in a way unfamiliar to most people. You will be introduced to an enterprise that is win-win for you and the small businesses you will help. Do this part-time or full-time, you decide. If you need to make dependable, high returns with a hands-on investment, are looking for a way to add a lucrative income stream to your existing work, or are just interested in making very good money, this book is for you. You will … [Read more...]
Unlocking the Cash in Your Company “How to Get Unlimited Funds Without a Loan”
Do You Need Capital for Your Company? Will factoring help your small business? Learn how selling your invoices can generate immediate cash flow, who can qualify, when to factor and when not to, how to find the right factor, how to know if a factor is right for your company, and much more. This book introduces an alternative means of financing called factoring which is misunderstood by some business owners, unknown to most, yet available to many who cannot obtain a bank loan. It can open doors you never knew existed to provide the cash your company sorely needs. You Will Discover... Why you may never have heard of factoring, despite its existence for centuries. What types of businesses qualify for these funds and the simple … [Read more...]
Factoring Small Receivables “How to Make Money in Little Deals the Big Guys Brush Off”
This how-to manual teaches everything you need to know about starting and running a small factoring business. With common sense directions and first-person experiences giving a "been there" flavor to each page, you'll learn how factoring small receivables can be a lucrative, enjoyable business and an excellent tool for investing retirement or discretionary investment funds. You will discover... How a small factor can profitably purchase low volume client receivables when big factoring companies can't. Numerous marketing methods that will bring in plenty of business. Many common mistakes others have made - and how to avoid them. How to limit risk using proper due diligence, routine procedures, and numerous other strategies to … [Read more...]
Factoring Case Studies – Learn and Profit from Experienced Small Factors
What Are Factoring Clients Really Like? Are they honest, hard-working people who appreciate and absolutely need your help or crooks out to rip you off? This book gives first-hand accounts, written by eight experienced small factors, of 21 client case studies. Each is true and full of practical wisdom and essential lessons. You will discover... 10 case studies of good and even great clients - and what makes them both attractive and profitable to the factors who fund them. 11 case studies of negative experiences, some of which are downright awful - and guidance as to how to avoid such disasters. Hundreds of tips, identified by various icons in the margins of each page. These icons indicate good advice, red flags, factoring … [Read more...]
Factoring – The “F” is for Flexibility
There are a lot of misconceptions about Factoring accounts receivable. The two biggest myths are It Costs Too Much and Lack of Flexibility. That may have been true in "the old days" but nothing could be further from the truth today. … [Read more...]
Recourse and Non-recourse Factoring
The big difference between recourse factoring versus non-recourse factoring is the party at risk for bad debt. Understanding this important distinction will help a business select the right financing terms when factoring invoices and accounts receivable. … [Read more...]
How to Identify a Good Factoring Prospect
Cash is always in demand so there's no shortage of companies that can benefit from the business funding factoring provides. The greater challenge is finding a business that is likely to receive funding from a factor. Ask these 4 questions to identify a good candidate for factoring accounts receivable: … [Read more...]
Working Capital During the Credit Crunch
There's no secret banks are putting the squeeze on business lending and credit lines. In fact 55% of small to midsize businesses surveyed by the National Small Business Association reported difficulty in obtaining credit last year. And that was in early 2008 before the credit crunch really hit. So where can business owners turn for working capital as banks say no to business financing? Here are three places to consider during the 2009 credit crunch: … [Read more...]
How to Select the Right Factor
Ok, you are sold on selling some invoices, you see the benefits, but you are just not sure how to select the right factoring company. Here are 7 essential factors to consider and compare: … [Read more...]