[fundingsmbs]

did on deck attend? they are one of the largest funders in the space. assume other brands like square and kabbage didn't attend as they are non broker based.

[Karen37a]

did on deck attend? they are one of the largest funders in the space. assume other brands like square and kabbage didn't attend as they are non broker based.

I would think that companies that cut their isos off at the head, kept the book of business, then get money from banks would not attend, nor prosessing companies who do cash advances or Amex , Paypal

These are probably the "iso friendly" companies

[fundingsmbs]

all of these panel companies have large direct sales (not sure about pearl), but the others def do. Sounds like they still want broker business if they invested in the fair and advertising. any idea what national , pearl and rapid fund each month? CAN is in rebuild mode so they are slowly getting it ramped back up.

[Karen37a]

all of these panel companies have large direct sales (not sure about pearl), but the others def do. Sounds like they still want broker business if they invested in the fair and advertising. any idea what national , pearl and rapid fund each month? CAN is in rebuild mode so they are slowly getting it ramped back up.

I am not sure if the "panel companies" are a few or all. 1099 Isos business is a free marketing channel to get business applications in...some companies are fair and want the isos to fund, some are the backdoor bonaza.

To underestimate the 1099 outside sales force is a terrible mistake...you really do not know what the 1099 leader can or can not do...everyone started from zero

[Michael I]

all of these panel companies have large direct sales (not sure about pearl), but the others def do. Sounds like they still want broker business if they invested in the fair and advertising. any idea what national , pearl and rapid fund each month? CAN is in rebuild mode so they are slowly getting it ramped back up.

they said it straight up , the numbers they fund the percentage of it from direct and brokers . They also said they will always need brokers .
(Sorry i do not remember the exact numbers they said )

[J.Celifarco]

all of these panel companies have large direct sales (not sure about pearl), but the others def do. Sounds like they still want broker business if they invested in the fair and advertising. any idea what national , pearl and rapid fund each month? CAN is in rebuild mode so they are slowly getting it ramped back up.

Well National said they spent about 15 million on marketing in 2017, also said they are 60% in house funding and 40% ISO. If someone else who was there can confirm I am remembering those numbers correctly but that is what I believe they said. Exact funding numbers they did not say when they spoke but if you think about the numbers they did give its safe to say they funded a big number in 2017

[MCNetwork]

Well National said they spent about 15 million on marketing in 2017, also said they are 60% in house funding and 40% ISO.

Yes I'm pretty sure that's what the CEO said.

[Karen37a]

Yes I'm pretty sure that's what the CEO said.

And this marketing expense gets pushed down if you have independent 1099 isos.

Anyway ...see you all tomorrow

[fundingsmbs]

Well National said they spent about 15 million on marketing in 2017, also said they are 60% in house funding and 40% ISO. If someone else who was there can confirm I am remembering those numbers correctly but that is what I believe they said. Exact funding numbers they did not say when they spoke but if you think about the numbers they did give its safe to say they funded a big number in 2017

after doing research, this is the same co!

https://www.ripoffreport.com/reports...-value-1093552

[J.Celifarco]

after doing research, this is the same co!

https://www.ripoffreport.com/reports...-value-1093552

that post is from 2013 doesnt exactly hold a lot of weight for me, especially if that was their leasing company. different business

[fundingsmbs]

that post is from 2013 doesnt exactly hold a lot of weight for me, especially if that was their leasing company. different business

what does this mean though? "National Funding was a direct company only, Gilbert explained, writing primarily nine month business loans, selling them off to a host of other business loan companies, discounting them as he did at Five Point Capital. His web site states they do “small business loans, equipment leasing, merchant cash advance, and credit card processing.”

http://leasingnews.org/archives/Oct2..._21.htm#growth

[mcaguru]

after doing research, this is the same co!

https://www.ripoffreport.com/reports...-value-1093552

yes 5 point capital was started by a Dave Feder and Dave Gilbert -- reached out to them in 2006-7 while they were into equipment leasing to send me MCA paper! since then Feder moved into real estate....

Good Folks!!

[Karen37a]

To compare companies against failing business models is also a mistake. Some companies have not turned a profit since inception and the mistakes that some made cutting off the 1099 sales force should be something that others take note of, or dont...same failing model

Too many expenses not enough $$

off to close make some of my funders money

[J.Celifarco]

To compare companies against failing business models is also a mistake. Some companies have not turned a profit since inception and the mistakes that some made cutting off the 1099 sales force should be something that others take note of, or dont...same failing model

Too many expenses not enough $$

off to close make some of my funders money

who is cutting off sales forces??? and why do you keep saying 1099 sales force? Most of these companies sales guys are W2. I know everywhere i worked prior to having my own company I was always W2. I was 100% commission based but was W2

[Karen37a]

who is cutting off sales forces??? and why do you keep saying 1099 sales force? Most of these companies sales guys are W2. I know everywhere i worked prior to having my own company I was always W2. I was 100% commission based but was W2

Im not explaining. Someone else might.

[J.Celifarco]

Im not explaining. Someone else might.

I dont see anyone cutting off ISO business, yes they want to do as much in house business as possible to reduce commission payouts but I havent heard of anyone turning off ISO business other then the cutting off of bad or underperforming ISO's

[Karen37a]

I dont see anyone cutting off ISO business, yes they want to do as much in house business as possible to reduce commission payouts but I havent heard of anyone turning off ISO business other then the cutting off of bad or underperforming ISO's

doing in-house business does not reduce commission pay outs as an expense as the commission is an upsell.Ask someone else to go thru all the details with you. They would have to have owned agencies. or multiple isos

[MCNetwork]

There's a big difference between the 1099 broker model and W-2 model. The 1099 firms have very limited marketing budgets and consist of a revolving door of sales reps who only do outbound dials. They rely on the churn and burn approach and employees rarely last long. The W-2 firms are well capitalized, have large marketing budgets and drive a lot of inbound leads to their reps. They can afford to pay a fixed salary and benefits. You'll usually find the top notch sales reps working at these firms because they're very selective. The 1099 shops will pretty much accept anyone with a pulse lol.

[Karen37a]

Think what you will. I know where the pacer lawsuits are unlike some and I have to bust up fbi stings like lease flease on these boards, and bad grandpa lol

[Karen37a]

Ive reworked the script from when I entered the business ... majic script, golden pitch, then drop close, slap hug ...pre qual 1/2 drop close pre qual 3/4...documents


it works like a charm

Im tired of teaching people

[Alpha]

Im tired of teaching people[/QUOTE]

Tired of teaching...or tired of waiting for a pupil worthy enough to challenge?

There is a difference...lol

[Karen37a]

Im tired of teaching people

T

ired of teaching...or tired of waiting for a pupil worthy enough to challenge?

There is a difference...lol

[/QUOTE]

more like that....we are giving money away so its yes yes yes yes yes.

I will not sit in any training where they want me to wear a banana suit LOL

[Alpha]

I will not sit in any training where they want me to wear a banana suit LOL[/QUOTE]

Maybe that's why I would sleep through classes they made me take at Greico...and when Robbins would visit the boardroom I stayed in the corner office behind my quotron hooked up to a sqwuak box...lol

[Karen37a]

I will not sit in any training where they want me to wear a banana suit LOL

Maybe that's why I would sleep through classes they made me take at Greico...and when Robbins would visit the boardroom I stayed in the corner office behind my quotron hooked up to a sqwuak box...lol

[/QUOTE]

LOL

I sent you a PM...i tried to take notes back then...I didn't like him back then either.. I thought what the hell did you ever build or do to give me advice

[Karen37a]

I saw your securitization posts and realized you were either an ex-stockbroker hedge fund...something

I sent you a pm ...nite