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08-02-2021, 02:08 PM #1
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- Jul 2021
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- United States
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" The world has always gone forward when people have dared to have crazy ideas . . . "
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08-02-2021, 02:33 PM #2
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- Jun 2021
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- miami
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- 436
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08-02-2021, 02:39 PM #3
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- Jul 2021
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- United States
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- 145
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08-05-2021, 12:43 PM #4
- Join Date
- Feb 2019
- Posts
- 209
Funders are funders & not partners. A decent funder will take their time to explain their box but they aren't going to teach you the art of closing an MCA. You have about a month to prove you are worth their time & then you are moving to the bottom of the list. (At least if they are a producing ISO rep imo )
Also, any half-decent broker is going to leave your platform. ( I am sure there are some people here that will agree with me )
As you are realizing, the barrier to entry is extremely low which lets everyone & their mother start an MCA "company". Why should they give up margins? The way that you sell MCAs is that you essentially know how much revenue is generated from each deal. When a decent ISO of your MLM scheme sees how much revenue is generated vs how much is going to their bank account, then they will leave. You have no relationships in this industry. Most funders (even the most honest ones) will onboard one of your ISOs in a heartbeat.
You think there is a low cash exposure to this idea but you are extremely wrong.
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08-05-2021, 01:19 PM #5
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- Jul 2021
- Location
- United States
- Posts
- 145
I would think that if we are bringing in volume - we'll be appreciated.
Our concept and Comp Plan will be a great fit for some and for some, not so much. Brokers are free to leave at any time with the standard non-compete / no-solicitation clauses in the Broker Agreement.
However - since we focus on Team Building - if a Broker is successful at that - they won't want to leave.
Thanks for your reply tho." The world has always gone forward when people have dared to have crazy ideas . . . "
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08-05-2021, 01:49 PM #6
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- Jun 2021
- Location
- miami
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- 436
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