Deal Killer & Solution
Need a Funder or Vendor? START HERE

Results 1 to 21 of 21

Threaded View

  1. #14
    Senior Member Reputation points: 50583
    Join Date
    Jul 2014
    Location
    Online
    Posts
    965

    Deal Killer & Solution

    Why are new brokers not up for it? Here is why...

    Many new brokers who are the "Entrepreneurs" of our industries come from closers of other companies. These companies give limited information and not enough training and transparency to their closers. Once the closer understands their worth and/or realized that the leadership they needed to grow was not given- they leave, take their book or everyone's book, start their own LLC and the cycle starts again. We now have closers who are the owners of these ISOs.

    What's wrong with this?

    I am not saying that being a closer is bad... It's actually a great thing when it comes to sales. The one aspect these new brokers are missing is the professionalism to communicate, do business development, and actual office work like flipping the pages in a document the correct way. Closers know how to close. Closing is what they are good at.

    It is like a bunch of caveman running around trying to build a better wheel but missing the tools and not wanting any help to do so. The confidence and arrogance of some have made such a negative impact on how direct partners are working with them, how new broker offices convert leads, and the most important part- THE MERCHANTS EXPERIENCE!

    simple prequaification that requires you to be personable and professional should not be something that brokers shouldn't "feel like doing" - it should mandatory and its your damn job! Brokers are so used to making $10k pay days by wiping their @$$ with their deals and shoving them off and getting mad at the Funder for every issue that ultimately could be avoided by NOT* recycling old tactics.

    I may not sell puppies, but I do know how to sell money, make money, keep money, and build a strong team by being a leader and have everyone break bread at the end of the day.
    Last edited by WhoisKingsley; 02-02-2016 at 09:30 AM.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

Similar Threads

  1. The Problem with Bad Debt-A Solution is Available.
    By Collection Specialist in forum Help Wanted
    Replies: 0
    Last Post: 12-30-2015, 10:18 AM
  2. Pick your Questions... I have a Solution!
    By WhoisKingsley in forum Promotions
    Replies: 0
    Last Post: 08-21-2015, 01:23 PM
  3. money laundering charges - deal killer?
    By loan in forum Deal Bin
    Replies: 5
    Last Post: 08-05-2015, 05:07 PM
  4. CRM Solution with Automation
    By rmckellar in forum Merchant Cash Advance
    Replies: 5
    Last Post: 06-24-2015, 12:49 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

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY