[zlaboy91]

and oversee salespeople for MCA funding?

[Olderguy]

Go work for someone in the industry.

Read the posts here.

[blizzardfunding]

Work hard for years learning how to do business in this industry THE RIGHT WAY
Work for a reputable shop- learn from the good, the bad, and the ugly you see there
Build a reputation for yourself- your name is your brand

After making a few hundred thousand as an experienced broker, ask yourself if you even want to own a brokerage shop

There is great earning potential in owning a shop.. but you won't earn anything sustainable unless you have substantial experience OR something proprietary (which it doesn't sound like you do)

Add in the headaches of owning a company (especially in this industry) and the question becomes: Why would I take the risk of starting a business if I am making all of this money as a well established broker?

I've seen many young inexperienced brokers go-out on their own to start a shop and lose everything. These are also the guys who are selling deals sideways and have a 50% default rate

If you really want to be successful brokerage shop owner in this industry, put in years of work and build a network that you can grow into

PM me if you need a shop to learn at
Best

[FlexibleCapitalSolutions]

I am actually surprised at the answers to this question. When I read the question i though to myself "prepare to be screwed by lead guys" but i agree with what everyone else is saying in this thread. Opening up a brokerage and buying leads sounds easy until you waste all your mopney and have nothing to show for it. There is also alot of other factors to consider. I would say go work at another brokerage shop that is successful and learn what they do. You wouldn't be the first guy to lose their shirt trying to open an iso shop in this industry.

[simonwein12]

That’s exactly what i was gonna say.

If you need to ask “ How can I learn everything I need to be able to buy leads, rent an office..” then you are not even close to ready.

If you don’t have your leads situation figured out, it’s over before it starts…. Spend time at a reputable broker and learn for a few years

[ADiamond]

here follow this **** head for life advice he's top tier

https://www.youtube.com/c/davronkarimov

[ADiamond]

more seriously though, dont think there are no barriers to entry. many who make that mistake fail quickly.

make friends, invest some money into deals to start so you can get a feel for it, and start with getting a job at a shop? i guess would be the best advice

[zlaboy91]

how can i lose if the only overhead is data and a phone? i meant buy data not leads. why are people acting like I need to spend a million dollars? I've got a couple or few K a month to spend on data. i have a website now where I can just pay for ads and they fill out a form and get funded. I just need to know simple stuff like a good script and some rebuttals maybe some industry terms. sorry I know people get in their feelings. I just don't see what can go wrong other than needing to buy more data because I called through thousands of numbers?

[Olderguy]

Engineer the yes response.

Hi, I'm _____ from _______calling to see if you need any money for your business....can you use $25,000 or more or less than $25,000? (say it as one sentence)

Never ask or say anything a merchant can say no to.

[zlaboy91]

Engineer the yes response.

Hi, I'm _____ from _______calling to see if you need any money for your business....can you use $25,000 or more or less than $25,000? (say it as one sentence)

Never ask or say anything a merchant can say no to.

Thanks. Thats the realism of it I think. Data and a "Hi, do you need money?". I think I've got an idea though. As I read around I'm going to take notes of all the term definitions I do not know and make a nice list. Then I will look around and ask someone to define them. This way I can learn to hold a fluent conversation in the MCA language. Tadaaaaa lmao. I'm sorry man I know people are going to get butthurt because I think I can just step in and make money without losing my life, but there are probably bigger risks I can think of than buying data and renting an office when there are plenty of people that will work commission-only. Just keeping it real. I'm not looking to invest my own money in the MCA deals themselves, so unless there is something I'm missing that is going way over my head I just do not see it.

[abfunders]

zlaboy91 take a look at this thread:
https://dailyfunder.com/showthread.php/23020-Last-call

[MichaelP]

If you absolutely insist on going out on your own buy the data first before the office and call through it yourself to make sure that you have a duplicatable process that works. 9 times out of 10 you're going to be able to make more money working at a shop with decent leads then on your own, with no experience, but go for it if you must.

[Olderguy]

If you decide to continue on your own, feel free reach out if you have any questions...

I ran a call center with 22 reps and 2 supervisors

Wrote all the scripts. Did all the training.

[MCN]

Thanks. Thats the realism of it I think. Data and a "Hi, do you need money?". I think I've got an idea though. As I read around I'm going to take notes of all the term definitions I do not know and make a nice list. Then I will look around and ask someone to define them. This way I can learn to hold a fluent conversation in the MCA language. Tadaaaaa lmao. I'm sorry man I know people are going to get butthurt because I think I can just step in and make money without losing my life, but there are probably bigger risks I can think of than buying data and renting an office when there are plenty of people that will work commission-only. Just keeping it real. I'm not looking to invest my own money in the MCA deals themselves, so unless there is something I'm missing that is going way over my head I just do not see it.

Yes you are right its not a gigantic risk, but if youre focus is on "renting an office" your not going to succeed. You need to have the right leads, you need to know how to sell and CLOSE, and you need to have the right funders to shop the deal to. Everyone thinks its easy until they pick up the phone.

Do you have any actual MCA experience, do you know any of the funders? do you have any relationships with funders and lead companies?

If you are not strong in all these areas youre just going to be wasting your time and money. Go ahead let us know how it works.

[FCF Fund]

If you decide to continue on your own, feel free reach out if you have any questions...

I ran a call center with 22 reps and 2 supervisors

Wrote all the scripts. Did all the training.

Did you run a call center for B2B financing or another niche all together?

[MCA-VET]

and oversee salespeople for MCA funding?

Its being done successfully by many who reach out for ISO agreements...Vast majority started working in the industry. but most who start are with 1-3 people..... I believe the BIGGEST whales (1-3M bucket) come from the 1-2 people shops.

[ridextreme]

i have a website now where I can just pay for ads and they fill out a form and get funded.

What industry is this? Please let me know and I'll do it immediately but it sounds a little too good to be true.

[RichardScholtz]

Hello there

Another Newby Here - Same goals as you -

I watched this series - and found it useful https://debanked.com/tv/?v=675915674 Equipping The Dream, a six-episode series that wrapped up filming late last year, follows the journey of four aspiring equipment finance brokers as they get put through a rigorous training regimen at a real-life sales office in Rochester, New Hampshire.

The other guy that was helpful - was https://www.udemy.com/course/busines...ting-bootcamp/ was free intro into step by step getting setup -- multi hour classes -- the price is FREE but he will try recruit you

Anyhow....all success

[Michael I]

just remember those who cant do , teach.

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