In today’s challenging economy, tens of thousands of prospective entrepreneurs are actively seeking the perfect business opportunity to launch in their spare time from the comforts of a home office. It’s not that unemployment is high. To the contrary, our economy could hardly be doing better. It is simply that many Americans find that one job is simply no longer enough to cover the monthly bills and expenses. And with many unable to be away from their residence 12-16 hours each day, more and more individuals are seeking a flexible, yet professional, home-based business solution that can provide the income and fill the monthly shortfalls. And when it comes to income, few home business opportunities can compete with commercial finance consulting in the alternative commercial finance and factoring industries. And when it comes to entering these industries on a fast and affordable basis, nothing can compare to the Sponsored Agents Program offered by IACFB, the International Association of Commercial Finance Brokers.
The IACFB Sponsored Agents Program: A Home Based Business Opportunity for Industry Referrers
Though IACFB is known for it’s industry standard and more career-oriented Factoring 101 Freelance Independent Broker Program, it is their Referral Agents Program that attracts the interest of those “mobile creatives” seeking a very flexible, part-time business opportunity they can operate from their home. It is a program for referrers and is perfect for those active on social media and who enjoy attending the occasional local networking event, club meeting, or simply an evening out with friends. Though some who opt for IACFB’s Sponsored Agents Program do engage heavily in direct marketing, the vast majority focus 100% of the time they devote to this business utilizing social media, networking, and relationship building. This introductory broker startup program by IACFB features:
- a very low cost of entry (under $200)
- comprehensive product training
- professionally designed Factoring 101 broker website
- access to highly experienced IACFB underwriters for deal assistance
- competitive standard commission rates
- periodic sales contests and commission bonuses
- reimbursable training / program fee upon first deal acceptance and funding through IACFB Wholesale
Cost of Entry as an IACFB Referrer
The Sponsored Agents Program is designed for referrers that will primarily generate factoring leads (and new clients) through networking. The cost of entry as an IACFB referrer is, therefore, exceptionally low requiring only…
- Factoring 101 Website $119.95: with “Landing Page” for free offers
- Training Guide $39.95: The Factoring 101 Broker’s Training Guide
- Website Domain & Hosting*: Provided through DMS WebHost
*Website Hosting for Sponsored Agent is $9.95 per month paid annually. Domain is $14.99 per year.
First Deal Reimbursement Policy
Standard broker policy for deal submission through IACFB Wholesale is to reimburse the broker-of-record his/her website / training costs (up to $200) upon first deal submission and successful funding. Referrers are typically reimbursed $160.00 for the cost of their website and training guide. Most IACFB referrers will additionally qualify for a “Career Builder” award based upon their Trophy Point balance at IACFB.
Access to IACFB Underwriters and Competitive Commissions
For those new to the industry, two of the clearest benefits and strong points of the IACFB’s Sponsored Agents Program are the industry standard commission payment structure and the access that new brokers have to IACFB experienced underwriters. When referring prospects to IACFB’s Wholesale Operations department for financing, agents receive…
- Industry Standard Commission Rates of 12-15% of the Factoring Fees Earned on most deals
- Residual Monthly Payments
- Life of Account Payments
- Standard Training Cost Reimbursement upon first deal submission through IACFB Wholesale
Almost as important as the attractive commission arrangement featured in the Sponsored Agents Program is the access to IACFB’s experienced underwriters for T.O.’s (Turnovers). Simply put, members of IACFB’s Sponsored Agents Program do not need to close deals. They only need to get the potential client to the point where they would like to explore a factoring / financing arrangement and find out more by speaking with an “expert”. Once at that point, the agents turnover (T.O.) the prospect to IACFB staff for closing and placement with the proper lender. Sponsored Agents never get involved with paperwork or close deals. Once a prospective client has evidenced a recognizable interest, such as requesting a free factoring report or case study from the agent’s website, it is then the job of IACFB Wholesale Operations to assist in closing the deal for you.
Sales Contests Bonuses
Sales contests and bonus programs are always exciting and as a member of the Sponsored Agents Program, you should be prepared for excitement. IACFB holds two (2) annual contests each year as well as “Spot” bonuses, prizes, and awards. Many are associated with IACFB’s unique Forums-Related Trophy System.
How to Become an IACFB Sponsored Agent
So if a part-time career as an industry factoring broker is in your future and you need to keep startup costs low. low, low becoming an IACFB Sponsored Agents may be just the right fit for you. For new industry consultants, signing up for Sponsored Agent is a very easy three (3) step process.
- Visit DMS WebHost and select “Factoting 101 Freelance Broker Website and Add-Ons” from the menu
- Click the green “Order Now” button
- From the available “AddOn” options, select Factoring 101 Brokers Guide to Factoring
Once your new order is processed (within 24 hours), you will receive an email from IACFB staff with notification that your Factoring Broker Forums status has been upgraded and you will now have access to the Learning Lab and Build Form for your new website. to setup your new website. Your training guide will be shipped within 24 hours.