Whats the next big thing for brokers?
Need a Funder or Vendor? START HERE

Results 1 to 25 of 76

Hybrid View

  1. #1
    Noob Reputation points: 36
    Join Date
    Dec 2013
    Location
    Tampa, fL
    Posts
    4

    I don't think the space is over-saturated. I do think it can feel that way because there's a lack
    of marketing diversity and creativity. Big broker shops will do big broker shop things. Smaller shops
    need to be smarter. If everyone is calling the same UCC's (and they are) then you're operating in a highly
    competitive space.

    Working the UCC's is fine. We get business from that too. But try other things.

    Build a referral base of b2b professionals and vendors. It takes time, but it pays off.
    Hold small business owner workshops on cash flow management, building business credit and bank qualifying.
    Remember at the end of the day you're a sales man, give your card to every business owner you meet,
    network.

    I get at least 1 to 2 personal deals a month from the business card/network model.
    Our referral base is growing and adding to monthly production.

    We are just getting ready to launch the workshops.

    Again, millions of small businesses, the percentage of those on a UCC list is minute.

    Just sayin'
    J.D. Rhodes
    Director
    Franklin Financial Management Corp
    Tampa, FL 33614
    Ph: 813-952-7717
    Fx: 720-228-1563
    jd.ffmc@gmail.com

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by jrhodes View Post
    I don't think the space is over-saturated. I do think it can feel that way because there's a lack
    of marketing diversity and creativity. Big broker shops will do big broker shop things. Smaller shops
    need to be smarter. If everyone is calling the same UCC's (and they are) then you're operating in a highly
    competitive space.

    Working the UCC's is fine. We get business from that too. But try other things.

    Build a referral base of b2b professionals and vendors. It takes time, but it pays off.
    Hold small business owner workshops on cash flow management, building business credit and bank qualifying.
    Remember at the end of the day you're a sales man, give your card to every business owner you meet,
    network.

    I get at least 1 to 2 personal deals a month from the business card/network model.
    Our referral base is growing and adding to monthly production.

    We are just getting ready to launch the workshops.

    Again, millions of small businesses, the percentage of those on a UCC list is minute.

    Just sayin'
    It's time consuming and could potentially be expensive up front, but trade shows and conventions can be a good start. the National Restaurant Convention, for example. You will meet business owners there who wouldn't take your call in a million years, or answer your mailer or whatever. Multi location shops, $5 million businesses, etc.

    I also went to the Commercial Real Estate convention in Vegas a couple years ago. Speak to the landlords. If you can show them how you can help their tenants who might be behind on rent? At regional restaurant convention in PA, I got to speak to a 35 location restaurant owner. Now this guy would NEVER, EVER handle the marketing we send out. Another convention had one guy I spoke to back then referred a 5 location ROCKY MOUNTAIN CHOCOLATE FACTORY to me...kind of guy I would have NEVER gotten on the phone.

  3. #3
    Senior Member Reputation points: 1538
    Join Date
    Jan 2015
    Posts
    127

    Quote Originally Posted by Chambo View Post
    It's time consuming and could potentially be expensive up front, but trade shows and conventions can be a good start. the National Restaurant Convention, for example. You will meet business owners there who wouldn't take your call in a million years, or answer your mailer or whatever. Multi location shops, $5 million businesses, etc.

    I also went to the Commercial Real Estate convention in Vegas a couple years ago. Speak to the landlords. If you can show them how you can help their tenants who might be behind on rent? At regional restaurant convention in PA, I got to speak to a 35 location restaurant owner. Now this guy would NEVER, EVER handle the marketing we send out. Another convention had one guy I spoke to back then referred a 5 location ROCKY MOUNTAIN CHOCOLATE FACTORY to me...kind of guy I would have NEVER gotten on the phone.
    Look at this....Chambo in a good mood today!!

  4. #4
    Quote Originally Posted by jrhodes View Post
    I don't think the space is over-saturated. I do think it can feel that way because there's a lack
    of marketing diversity and creativity. Big broker shops will do big broker shop things. Smaller shops
    need to be smarter. If everyone is calling the same UCC's (and they are) then you're operating in a highly
    competitive space.

    Working the UCC's is fine. We get business from that too. But try other things.

    Build a referral base of b2b professionals and vendors. It takes time, but it pays off.
    Hold small business owner workshops on cash flow management, building business credit and bank qualifying.
    Remember at the end of the day you're a sales man, give your card to every business owner you meet,
    network.

    I get at least 1 to 2 personal deals a month from the business card/network model.
    Our referral base is growing and adding to monthly production.

    We are just getting ready to launch the workshops.

    Again, millions of small businesses, the percentage of those on a UCC list is minute.

    Just sayin'


    Great Outlook! I would love to hear more about your workshops you have planned.

Similar Threads

  1. Need iso/brokers help !
    By mcaguru in forum Help Wanted
    Replies: 5
    Last Post: 04-29-2016, 10:01 PM
  2. Replies: 6
    Last Post: 02-13-2015, 11:58 AM
  3. Whats the difference?
    By Funder Mark in forum Merchant Cash Advance
    Replies: 12
    Last Post: 10-29-2014, 11:47 AM
  4. Whats up Guys! How was February People!
    By Mmarano in forum Merchant Cash Advance
    Replies: 2
    Last Post: 02-28-2014, 01:51 PM
  5. The Hard Thing About Hard Things
    By JayBallentine in forum Everything else
    Replies: 0
    Last Post: 02-14-2014, 06:38 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY