Advice for a 23 year old getting started in the space.
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  1. #1
    Senior Member Reputation points: 45052 SendDocsPlox's Avatar
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    Quote Originally Posted by PhillyFunder View Post
    Hello All, hope this finds you well.

    I have been in the space for about 10 months now, and like to think I am finally getting it down to where I can consistently close deals, and feel confident in my abilities.

    However, I am not making nearly close to what seems achievable in this space.

    Where I work is stingy in terms of commission %, and barely even provides me with the leads or approvals to make more.

    For example this month I've had about 19 Approvals, closed 9, and funded $118,000 with an average deal size of $13,000 getting 26% commission LOL!!

    I was thinking of buying my own leads, and negotiating a much higher commission split since it would be to no cost to them, and would get to use their name to appear more professional.

    I was wondering what you guys who have been around the block for a while think, and if you could point me in the right direction to purchase some decent leads.

    Best,
    Yeah I have some advice, dont sign a ****ing non-compete unless youre cock-sure that your new shop is home
    Anything less than 30% Comm 30% PSF is bull****, you can find a better split
    Don't trust anyone you don't know personally
    Don't trust a DM off of DailyFunder, look into the ISOs yourself and make sure they have actual good Processors and not some jerkoff broker submitting the files
    If they don't have at least 5 A Paper funders to send deals to they're pikers

    If you want more info DM me, been an ISO for quite some time

  2. #2
    Senior Member Reputation points: 39493
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    Quote Originally Posted by senddocsplox View Post
    yeah i have some advice, dont sign a ****ing non-compete unless youre cock-sure that your new shop is home
    anything less than 30% comm 30% psf is bull****, you can find a better split
    don't trust anyone you don't know personally
    don't trust a dm off of dailyfunder, look into the isos yourself and make sure they have actual good processors and not some jerkoff broker submitting the files
    if they don't have at least 5 a paper funders to send deals to they're pikers

    if you want more info dm me, been an iso for quite some time
    this is the best advice you are going to get.

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