[Anthony@torro]

There's tons of shops out there that take care of their reps and pay well, most require you to be in the office for obvious reasons. Unfortunately I don't have any ISOs in Philly that I can refer you to. In my experience the most successful shops are generally based in NY, Cali, Utah and FL.

[MCA-VET]

If your looking to be a sales rep in the Philly area reach out to me ... I actually have submitting ISO's that perhaps may be interested -- Would need to speak to you and then to them.... PM ME.

[WestCoastFunding]

Never known any funders in Philly other than Par.

[TheUnderwritingProdigy]

Never known any funders in Philly other than Par.

Lendini is Philly

[OC Funder]

OP, if you're funding 50% of your approvals you should be making 6 figures. If I were you, my concern would be my average deal size being only $13k. Either you're not getting strong enough leads and should demand better (or go somewhere that can provide them), or you're not closing the larger deals and need to fix why you're only appealing to the smaller / lower quality merchants. The split seems low if you're commission only (you didn't specify) but it'll be hard to make real money funding $120k/mo even if you fix that.

[Lmonus]

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,

Give me a ring if you are interested in moving to another shop. I have an iso based out in Philly that might be a good fit for you if you arent currently happy.

[Brokering]

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,

Don't.

[Fetachini]

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,

Here's some advice.. find a different industry, this one will take your soul. But if you decide to stick it out then
- don't trust anyone that includes merchants, everyone is a ****ing liar except the underwriter (just wrong sometimes)
- It's not hard to open up your own broker shop, why split the commission? I opened up my first broker shop after being 6 months in the industry. (Then again most of the good funders aren't taking on anymore isos so the funders you are left with you need to do research on. If you never seen them in bank statements, most likely they are not a funder) That's the only way you'll achieve commission you are looking for.
- LEADS are everything, lot of bull**** out there, so don't go buy big batches always get small samples of leads to test out. (I have a great connection for one but they are pricey)
- if you decide not to open you own shop, look around for other brokers to work for and see who offers something better. If you are a top closer then negotiate your commission.

[Fundyman]

Here's some advice.. find a different industry, this one will take your soul. But if you decide to stick it out then
- don't trust anyone that includes merchants, everyone is a ****ing liar except the underwriter (just wrong sometimes)
- It's not hard to open up your own broker shop, why split the commission? I opened up my first broker shop after being 6 months in the industry. (Then again most of the good funders aren't taking on anymore isos so the funders you are left with you need to do research on. If you never seen them in bank statements, most likely they are not a funder) That's the only way you'll achieve commission you are looking for.
- LEADS are everything, lot of bull**** out there, so don't go buy big batches always get small samples of leads to test out. (I have a great connection for one but they are pricey)
- if you decide not to open you own shop, look around for other brokers to work for and see who offers something better. If you are a top closer then negotiate your commission.

Some underwriters actually happen to be spies for OTHER ISOs. Take that from me. I can't say it enough. So when the guy said "trust no one," you might as well include yourself in that. Literally, don't even trust yourself, as you may get attached to a dead deal @ times, & that deal will eat up valuable time that could have been spent working on 3-4 other deals that would have all gotten you paid a lot more.

There's so much advice people can give you about this industry, but Fetachini said what were my 1st thoughts: "Find a different industry." This one can get quite disappointing, when you realize many folks have absolutely no respect whatsoever for your hard work. They'll backdoor a deal, sometimes even in your face, if that's even possible. They do it in a way that you won't even doubt it was them who did it.

Others feel you're their own personal rep once you submitted a deal to them. They'll give you a crappy offer, but expect you to "just sell it!" as though you're really working for them. They think you're stupid & don't know there are other funders who can do better; that you were just giving them a chance to earn your submissions.

There's so much to this business, I swear the best way to go about is to cross your fingers, work as hard & as smart as you can, & expect some losses. Write them off to the game. But guaranteed, you'll find straightshooter funders & brokers along the way. Those people will be the blessing. They will make the journey worth it.

Good luck!

[BR-Nightmare]

Some underwriters actually happen to be spies for OTHER ISOs. Take that from me. I can't say it enough. So when the guy said "trust no one," you might as well include yourself in that. Literally, don't even trust yourself, as you may get attached to a dead deal @ times, & that deal will eat up valuable time that could have been spent working on 3-4 other deals that would have all gotten you paid a lot more.

Very, very true!

[DonMcGrath]

Here's some advice.. find a different industry, this one will take your soul. But if you decide to stick it out then
- don't trust anyone that includes merchants, everyone is a ****ing liar except the underwriter (just wrong sometimes)
- It's not hard to open up your own broker shop, why split the commission? I opened up my first broker shop after being 6 months in the industry. (Then again most of the good funders aren't taking on anymore isos so the funders you are left with you need to do research on. If you never seen them in bank statements, most likely they are not a funder) That's the only way you'll achieve commission you are looking for.
- LEADS are everything, lot of bull**** out there, so don't go buy big batches always get small samples of leads to test out. (I have a great connection for one but they are pricey)
- if you decide not to open you own shop, look around for other brokers to work for and see who offers something better. If you are a top closer then negotiate your commission.

+1 - Can’t argue with anything here. It takes me a bunch of stupid jokes just to get through the day. Fundyman is right also.

[EdwinS]

The best advice is to watch this 25 minute video (and repeat watching it a few times until you understand what he is saying), and then go to another industry as a 23 year old young guy.

https://youtu.be/KX1BesAdrDU

[SmartAdvanced]

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,

Best advice: stay away from NY funders, especially Brooklyn!

[Michael I]

Best advice: stay away from NY funders, especially Brooklyn!

a year ago that would have been good advice , now most of the shady ones switched their addresses and the ones that have a Brooklyn address are more legitimate ( obviously not all).
Stay away from any that does not have a real address that you can walk into. You will be surprised how many funders if you google their address you will see that it is a post office

[Steven_O]

Names like Fundyman... Fetachini... they have YEARS here. The advice they give you is REAL. This game is cold and no one cares about you. Expect to get sued. Lied on. Robbed.

BUT... there's nothing more rewarding than finding your own lane.

So, don't let anyone deter you from doing whats right for you. Just remember, that there is a balance in what you get - you also give up.

Balance kid.