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02-20-2018, 03:12 AM #1
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02-20-2018, 08:51 AM #2Karen37aGuest
2 rules in Finance I learned and I made all my staff and brokers adhere to.
#1 Keep the pecker out of the payroll ( people just break up with each other and bring the drama to the office then one wants to quit and take their book of business with them or they want me to fire each other )
**when you have a big enough book of business then its semi ok, because hopefully if one person gets jealous they will be smart enough to not destroy their books of business over it.
#2 Marry UP
(ill die before he ever made it to 20-30k a month let alone 100k )
** the room thing is out I have a very good looking, rich boyfriend
Big Deals to fund for 3 days..(i have to concentrate); so have fun without me.
add** Can you imagine if there were a man and woman as a couple in the office ...the woman is great on the phone and funding 5-7 deals a month...the man is scared of the phone or vice versa.
Lordy lordy, its like a live Daily Funder...I recommend rounded edge scissors for the officeLast edited by Karen37a; 02-20-2018 at 09:17 AM. Reason: typos.add*
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02-20-2018, 09:18 AM #3jotucker1983Guest
So for full disclosure Elizabeth (since we are being open) I make $15k to $20k per month. I'm my only sales rep, I don't have a team of sales reps under me. I also have multiple product lines, not just MCA.
So in your opinion, is this good or bad performance?
Would I love to make $100k a month? Damn right! I don't have the network, system, nor infrastructure to do that yet. But this thread has inspired me to look more in-depthly into developing something like that.
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02-20-2018, 09:26 AM #4Karen37aGuest
you have been telling people for YEARS that a broker can only make 30k a year and 2 %, and that your book got taken from you and you wanted to create a brokers union of some type and that you left the industry to go work for Brinks.
( contest with 100 uccs was bad too)
I am off. I have to produce sales, not play around with Catfish...who thought that myself and others that are working hard making 50-100k a month were catfishing.
I've been doing this for waayyyyy to long to not spot out whos who in 5 seconds flat. Or companies taking books away ( in advance) or valuations on stocks or bitcoin etc.
Everyone sees the change in sentences.
I wish you well..bye John
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02-20-2018, 09:39 AM #5jotucker1983Guest
I said the vast majority of brokers can barely keep the lights on. I don't remember giving out a specific annual compensation amount though, do you have reference to that?
I never said a "book" got taken away, I made a post saying having a new deal policy for renewal compensation made no sense. Brokers do need some sort of advocate against big money funders who can back-door their deal without recourse. And I never said I "left". Now, can you please stop saying this stuff Elizabeth? I'm trying to be respectful here.
You offered a production challenge and I took you up on it. If you feel 100 UCCs is too low, then what amount do you prefer? I don't use UCCs as a main marketing strategy anymore Elizabeth and I'm busy (I'm a one man show lol) I can't commit to a 1,000 UCC campaign over 30 to 60 days, I don't have time. So what modifications do you want to the challenge? You made the challenge, remember?
When did I say this? Where are you getting this stuff from? The way those 3 to 5 guys are making money at YellowStone, is the exact stuff I have been preaching for years in how a small fraction of guys are making a significant amount of money. My content is out there.
You never answered my question on the $15k to $20k per month? Do you think that's good or bad for a one man shop?
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02-20-2018, 09:35 AM #6
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02-20-2018, 09:40 AM #7jotucker1983Guest
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02-20-2018, 09:55 AM #8Karen37aGuest
I don't believe your numbers....I'm trying not to say it.
if you want to make it big you learn how to cold call and pre-qualify your own leads from 2-5 cents uccs** add or targeted yellow pages...you find out how much money they make etc, what they owe and when they want money
write it down on paper, lead sheet-like us old dinosaurs do
In one day you should get 2-20 leads depending on time and skill level.
I can rapidly dial for one hour or 2 and come up with 5-10
Fill your pipeline of people who say they want money sometime in the future, by Friday hopefully next month...call back ...call back, call back call back
Buy or die( be nice though).... Follow up is the game ...most sales are not made until the 8-12th call.People with stacking mentalities ( sorry **smile** ) hit it and quit it and never follow up
If you get 100 lead sheets ...next month you walk in the door with 100 follow-ups of people who said they want money in 30 days..you close 5 -7 of them. get 100 more leads
Next month you have 200 to follow up ( plus your renewals ) and if you have a team they are following you.
30 people banging out the phone, 2nd office open, 3rd office
300, 500, 1000 each then you turn into a lunie toones like me and toss the papers into the air and walk out of the office and take a vacation. Because you cant keep up.
I seriously have to close now...phones ringing..Last edited by Karen37a; 02-20-2018 at 10:01 AM. Reason: add **
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02-20-2018, 10:03 AM #9jotucker1983Guest
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02-20-2018, 10:43 AM #10
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you are correct ..NEVER DID I SAY 5K AND 130K SAME.. What i do say is funding with mantis 130K and 30K are done with the same ease and guidelines. (my underwriter claims 130K is actually easier to drop the wire).... 5K's have a separate department that focuses on MICRO-FUNDING (UNDER 12K) and i'm told we probably have one of the largest micro-portfolio's in MCA..
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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