[johndough17]

How was everyone's September?

It was my biggest month, and 1st year anniversary working as a 1 man shop. I hit 1.7-1.9 million.

[Nikkiclean06]

Congrats!!!!!

Pros and Cons of Sales: So glad its a New Month. Dam It sucks its a new Month hahahahha

If Sept could just last forever.....

[paulypubco]

Great work. Congrats and keep growing!

[johndough17]

Congrats!!!!!

Pros and Cons of Sales: So glad its a New Month. Dam It sucks its a new Month hahahahha

If Sept could just last forever.....

Lol, Nikki..I agree... I am anxious for this month and hope i kill it.. I saw your post about how well you did, so i do hope you have a fantastic month too!

[mcg168]

How was everyone's September?

It was my biggest month, and 1st year anniversary working as a 1 man shop. I hit 1.7-1.9 million.

Congrats.

You hit 1.7 - 1.9 million? Very strange your giving a $200,000 range on your monthly funding amount as a 1 man shop. Thats usually something you know down to the exact dollar.

[ryan $]

Congrats.

You hit 1.7 - 1.9 million? Very strange your giving a $200,000 range on your monthly funding amount as a 1 man shop. Thats usually something you know down to the exact dollar.

very true

[Nikkiclean06]

Lol, Nikki..I agree... I am anxious for this month and hope i kill it.. I saw your post about how well you did, so i do hope you have a fantastic month too!

You will kill it. Thank u for the positive words

[johndough17]

Congrats.

You hit 1.7 - 1.9 million? Very strange your giving a $200,000 range on your monthly funding amount as a 1 man shop. Thats usually something you know down to the exact dollar.

I did 1.7M total. Had a 200k 14m deal on Friday I thought would fund Monday, but it died in underwriting.

I am not sure why you point out stupid crap that is pretty obvious but hey, if it makes you feel better about yourself at the end of the day, go on.

How much $$ did you make last month Ryan?

[RickyR3712]

How was everyone's September?

It was my biggest month, and 1st year anniversary working as a 1 man shop. I hit 1.7-1.9 million.

curious. How much did you net on that? How much did you renew from that number or is that including renewals?

[MCNetwork]

With the industry average size of a cash advance deal being $18,000, that means he did close to 100 deals for the month. Even if you throw in a couple six figure deals, that's still a hell of a lot of volume for one person, with or without renewals! What's your secret? Are you counting ISO paper as well?

[golf2014]

After the nonsense replies your expecting him to reply

[Karen37a]

It takes about 20-30 brokers in a base shop to hit 1-2 million, not including renewals on a consistent basis

80/20 rule applying

Or massive referral business

You cant wear all the hats as one person..you melt down under paperwork follow up etc

And you cant trust anyone to help you because they will take the deal away for 1 point

[Eagle Funding]

With the industry average size of a cash advance deal being $18,000, that means he did close to 100 deals for the month. Even if you throw in a couple six figure deals, that's still a hell of a lot of volume for one person, with or without renewals! What's your secret? Are you counting ISO paper as well?

Where are you getting 18K is average size?

[Karen37a]

Where are you getting 18K is average size?

I was seeing avg size 40-50k...down to 35k..

I could just be getting old ..or messing around trying to save someone from a sleazy lawyer

[Kevin Henry-Seacoast]

$17,500,000 over 4 deals.

[MCNetwork]

Where are you getting 18K is average size?

That's my observation from working in the industry for 8 years and seeing hundreds (if not thousands) of deals that various teams have closed. I guess it depends on the type of marketing you do. I've funded deals as low as $7,500 and as high as $400,000 and the average came down to about $18,000.

[MCNetwork]

I was seeing avg size 40-50k...down to 35k..

A 50K average deal is pretty high if you're working UCC lists. That means your average merchant does over half a million per year which is hard to believe. What about all the mom and pop restaurants, retailers, truckers, contractors, dry cleaners and florists that do $10k-$25k per month? These guys represent more than half of the UCC lists.

[DEUCESofROBINWOOD]

20-30 brokers 1-2 Mill? WOW, i must have the best 15 brokers in the industry. Going to go give my guys a party on Friday now for hitting 3Mill+ for the 5th straight month. GO TEAM!!!!

[Karen37a]

A 50K average deal is pretty high if you're working UCC lists. That means your average merchant does over half a million per year which is hard to believe. What about all the mom and pop restaurants, retailers, truckers, contractors, dry cleaners and florists that do $10k-$25k per month? These guys represent more than half of the UCC lists.

Not if you are doing 1st position deals and "consolidating"

edit **

[Karen37a]

I did it at my old employer too....put the deals on the whiteboard so I didnt forget them.


Then my coworkers would yell at the owner and manager ...how is she getting these big deals she must have a special ucc list

I think I told you this story before

I do not have 1 florist for a client or truckers ( stay off the bibby uccs ) ...mostly construction, restaurants, professional services, dentists,


I would also tell you that certain personalities get certain types of leads attracting to them, but you will not agree , even though its true ( I also said this story before )

[Karen37a]

mcn my last 3 deals( personally ) were making over 150k a month each...got them from the uccs

last construction guy made 250k a month only got him 30k? its a blur

These funders are on these boards so there are good people here not all bad

Someone offered me 25k and 5% fees in the hurricane i pulled it and placed it after the weekend

[Michael I]

First off I believe he meant the year not the month.
Next karen 20? U serious 5 reps and you should be funding 1-2 mill a month in New business .

[Karen37a]

Not in Florida ...they cant sell and think like telemarketers....they have toothless crack head factories here....no offense to all in florida

Huge gap...either poor, lower income or very well off or rich

top 5%-20% of the office does business...the rest bother me

Which is why I was overrun with leads and tried to connect to some of you to pass them out

** and I do not 100% believe the closing numbers because so many people are going under...it isnt as easy as it looks

[skideeppow]

I did 1.7M total. Had a 200k 14m deal on Friday I thought would fund Monday, but it died in underwriting.

I am not sure why you point out stupid crap that is pretty obvious but hey, if it makes you feel better about yourself at the end of the day, go on.

How much $$ did you make last month Ryan?

You sound like a douche, "how much did you make last month?" just an asshole thing to say, IMHO.

[Karen37a]

People said that certain people were /are Direct Funders ....they are not...500 isos 1 week, never happening. People vouched for them. I sat watching it.

Playing around like it's the mickey mouse club or bickering like the real housewives of merchant cash advance ( i don't want to tune in anymore wah wah wah this isnt fun anymore boohoo)

Certain Funders are scrambling to make an extra 2-4 k screwing people over, breaking laws. People not answering phones.

one wouldn't release a ucc unless he got $150, even though the person paid in full. Dual contracts ...smiling in funders face, coaching default thru the back door. Taking any file that comes near them and rerouting them

...these same people claim to make millions ( yet they are saying) ..".you cant close sales or raise capital", (which is telling on yourself)


Some Brokers who make millions tip $150 to random strippers, chauffeurs, and valets...They do not even want to pick up the phone for a buck fifty

People who usually can make sales very easily do not do things like that...it's petty.

They certainly do not push people to the point of turning into a devil...who won't back down, no matter what you do now

Yet everyone can snap their fingers and poof millions monthly...its harder now( less capital only so much money to go around, it isnt unlimited). gl riding the balance out.

Solution ...Raise Capital