Results 1 to 13 of 13
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09-20-2016, 12:37 PM #1
- Join Date
- Sep 2016
- Posts
- 4
I am looking to jump in this field..
I have great negotiation skills and have worked in the commission field over 15yrs. I am looking to see if there is any advice anyone can give me as to where to start looking and what to look for..any information will help and be greatly appreciated.
thanks!!
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09-20-2016, 01:23 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Welcome to the field of dreams. Dreams of big commissions, excellent leads, and great partner relationships.
Many people will tell you turn back now as there is no use in coming into a space that is overcrowded and under-supported (not by capital- we have lots of that if you have the right deals). Lead acquisition in our space right now will leave you struggling to stay afloat. You will spend a lot of money and you will not* get the initial training and support needed to know how to communicate on the different industry levels. Knowing your "Clients" are well versed in their field but not organizing their finances/books is the number one thing you need to know when wanting to come in this space. You will be talking to all walks of life with businesses that range from transporting tomatoes to a cleaning companies. You need to understand how each industry takes in receivables and their overall profitability for their products/services. It is easy for someone to say "Yes, I need money for my Business"- but the way you relate and communicate will make all the difference in coming into this field at this time.
Originations via phone, online ads, phone, radio, etc. are expensive and you really need to focus in on a niche market of "need". Right now- no one has done that successfully and captured that "untapped" market (if that exists somewhere?!) You see, there are thousands of entities, logos, and websites out there that say the same thing but not one overall connection to a Business Owner in understanding that this industry is very small, there are few programs tiered to them, and qualifying to one "entity" may not give them the options they expect. MCAs/Business Advances are one thing- but you will have Clients that need more solutions for inventory, AR, equipment, and now- consolidation of balances. You need to learn how to qualify, what to request based on the answers, what programs they fit into, and give an expectation of process.Last edited by WhoisKingsley; 09-20-2016 at 01:29 PM.
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.
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09-20-2016, 01:50 PM #3
- Join Date
- Sep 2016
- Posts
- 4
Your information was great!! Is there any way possible to sit down with you to ask you more questions in detail if you are available? I am located in New Jersey and would not be an issue for me to meet you in New York.
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09-22-2016, 09:48 PM #4
Bravo Amanda. Your reply to this newcomer was so thoughtful and perfectly stated.
Bigtyme- the best way to learn the business is to join a shop (you'll never be able to pull it off just jumping in on your own). There are many in NYC and (ahem) a few in NJ. If you PM me I will tell you the ones to NOT work for.
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09-23-2016, 03:17 PM #5
- Join Date
- Nov 2014
- Posts
- 266
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09-23-2016, 03:18 PM #6
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09-23-2016, 09:18 PM #7
- Join Date
- Sep 2016
- Posts
- 4
Amanda all i can say was your information is priceless... I greatly appreciate the time tou spent going over items with me and the level of professionalism you act with goes unmatched.
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09-24-2016, 07:29 PM #8
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- Jul 2014
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- 1,746
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09-28-2016, 09:56 PM #9
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
We've worked together for a long time. Unfortunately, distance plays a HUGE part when you're operations are on Wall Street but I am running around Florida. It doesn't mean we don't work together in certain ways. Cardinal manages a lot of syndication portfolios and other things I tie into.
and TY everyone for the feedback! I really want to help and put more content/training out there...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.
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07-03-2017, 01:03 AM #10
- Join Date
- May 2017
- Posts
- 350
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07-03-2017, 08:07 AM #11
- Join Date
- Aug 2014
- Posts
- 620
I am looking to jump in this field..
^ you got that right
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07-03-2017, 01:32 PM #12
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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07-03-2017, 04:07 PM #13
- Join Date
- Aug 2016
- Posts
- 831
How did you get to a thread from back in September?
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