See the screenshot above? That is one of students detailing how they were able to close deals and make commissions, fast! (Remember that the longer it takes for a client to payback their loan, the more interest accumulates, and thus, more money is owed by the client) A perfect example of this is when we setup a residual payment plan for a loan. But realize that faster isn’t always better. If you are dealing with a client who you can use a faster lending option (like Merchant Cash Advance) to get them what they need, then it will usually close faster. No license is necessary for such a service. Look at it this way, we are basically connecting two parties together and getting paid for it. This is why so many people can quickly break into this niche with success! (That and the fact that our training is vastly superior to our competitors. Nope! Because we are brokering a deal, not actually lending to someone, we don’t have to be certified for that. But it isn’t required to be successful as a business lending broker by any means) Is Legal Certification Required? (Of course, the money you have to begin with does have advantages. We teach all of our students how to create personalized offers, set up “inbound marketing” strategies, and find the people you are looking for. The same can be said for direct mailings, and there are legal issues besides the costs with that. Pay-Per-Click (PPC) is highly effective with the right research and market, but incredibly costly. A huge advantage our students have over competitors, in virtually every demographic, is that they know what to spend money on, and what not to. The marketing costs today have become unbelievably complicated and pricey. So don’t feel like you have to get help immediately, or stay working solo by any means. Of course, once you have done this long enough, the benefits of hiring help are clear. The idea of this business model is that it will survive in a good market or a bad one, and it can be run just by you. No, you do not need to hire help from the start unless you want to. That being said, this isn’t usually an overnight transition. That answer is a resounding “yes”! Our students generally quit their jobs after starting this business model simply because the profits are so massive. The first question of whether you can make enough money to replace your job is actually pretty simple to answer. Does your training come with mentorship or coaching?Īnswering Your Questions: Can You Make Enough Money To Replace A Job? (Infographic).How long does it take to make a deal happen?.Is any kind of legal certification required?.Do you have to hire help from the start?.Can you make enough money in this business model to replace your job?. (As mentioned before, we offer a free training video which presents opportunities for more advanced training, but that is optional, so definitely check that out) Let’s get right into this and answer the most common questions: Most Common Questions About How To Start A Brokering Businessīesides the obvious questions about how much it costs to enroll in a commercial loan broker training program, there are several other questions people ask about this business model. Because we want everyone to have a complete understanding of this niche before investing in it, we encourage everyone to watch that free training.īut maybe you’ve seen the video and still have questions about how to start a brokering business? If you’ve been wondering how to start a brokering business, and do it free, then you are in luck! I have created a free training (about 70 minutes long) that goes in depth on how to become a profitable commercial loan broker.īecause this business model is so in demand right now, a number of people are contacting our team about what this business model looks like and how much money it costs. The irony of a commercial loan broker business model is that it solves both problems for other businesses while doing the same for itself. The biggest obstacles that all new businesses face are a lack of capital, and a lack of market demand.
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