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  1. #1
    jotucker1983
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    Quote Originally Posted by fmoli991 View Post
    Looking to get set up with reliable lenders that won't "backdoor" my deals and are willing to work with a new to the business ISO like myself.

    Also, I'm a "one man shop" and need some advice on marketing. UCC's seem to be the way to go and I have no problem making outbound phone calls. What should I be looking for when purchasing lists? How old should they be? What industries are should I focus on? Are there any tried and tested vendors you have worked with that have given you reliable leads/lists in the past?

    Any advice would be seriously appreciated.

    Thanks!
    Why would you want to enter into this business at this point being brand new? Do you have some sort of unique market research you've conducted and you are going to compete uniquely and strategically?

    UCCs are dead, the ones that are being filed have been sold to 100 other companies probably.

    - Most merchants are going to curse you out for being the 10th guy calling this week.

    - The "leads" that you will produce from UCCs will be mainly merchants who are stacked to high heaven hell with 4 or 5 balances that nobody wants to consolidate, or merchants who just have a ton of bad things going on with their profile that again, make them unfundable.

    - The "good accounts" that used to be generated from UCCs, are mainly not even getting UCCs filed on them like in prior times. A lot of companies have just stopped filing UCCs on good accounts and choose to file them on questionable or risky accounts which again, most of the time are unfundable.

    Just giving you some honest insight here, if you plan on coming in here brand new you ought to develop some sort of unique/strategic business plan. UCCs aren't going to cut it anymore.

  2. #2
    Quote Originally Posted by jotucker1983 View Post
    Why would you want to enter into this business at this point being brand new? Do you have some sort of unique market research you've conducted and you are going to compete uniquely and strategically?

    UCCs are dead, the ones that are being filed have been sold to 100 other companies probably.

    - Most merchants are going to curse you out for being the 10th guy calling this week.

    - The "leads" that you will produce from UCCs will be mainly merchants who are stacked to high heaven hell with 4 or 5 balances that nobody wants to consolidate, or merchants who just have a ton of bad things going on with their profile that again, make them unfundable.

    - The "good accounts" that used to be generated from UCCs, are mainly not even getting UCCs filed on them like in prior times. A lot of companies have just stopped filing UCCs on good accounts and choose to file them on questionable or risky accounts which again, most of the time are unfundable.

    Just giving you some honest insight here, if you plan on coming in here brand new you ought to develop some sort of unique/strategic business plan. UCCs aren't going to cut it anymore.
    Thanks for the response. I've been in highly competitive sales environments/industries, cold calling prospects that get hammered all day both at work and at home. Only difference now is I'm calling B2B instead of B2C.

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