Results 1 to 25 of 39
Threaded View
-
08-08-2018, 09:09 AM #22Karen37aGuest
The reasons these companies do not make the profit compared to volume is because of HUGE operational costs. The operational cost went UP not down.
This is the # 1 reason for me believing in the 1099 model vs the w/2
If I make 1 million I am lean and mean on costs
Costs
Computers
Desks
Office
Phones
data leads
prossor
accountant
payroll
add a few more on
= 1 million...taxes...lower rate florida
Add costs in for brokers... ( leads ) same infrastructure...add more commission in. 10 million..pay out commission
When 1099 makes that money its very very low margins
Which is probably why, stock brokerage firms, insurance companies, Loan companies use the model as well...successfully
You guys can say whatever ...but I know the "algorithms".. Quantitive analysis, ..Last edited by Karen37a; 08-08-2018 at 09:15 AM.
Similar Threads
-
1st Position OnDeck Refi Wanted. *Must Beat OnDeck* A++ Paper
By AMERICApital1 in forum Deal BinReplies: 10Last Post: 03-15-2017, 03:43 PM -
OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
By isaacdstern in forum Merchant Cash AdvanceReplies: 9Last Post: 05-04-2016, 10:58 AM -
congrats to cap call they funded $20mm on the platfrom in the last 9 momths
By Capital Stack in forum Everything elseReplies: 1Last Post: 09-30-2014, 08:29 PM -
Ondeck LOC
By Scott Williams in forum Merchant Cash AdvanceReplies: 6Last Post: 04-23-2014, 07:00 PM -
Congrats to the Yellowstone Capital ISO department on a record setting month!!
By isaacdstern in forum Merchant Cash AdvanceReplies: 7Last Post: 08-01-2013, 11:32 PM