Syndication idea . . .
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  1. #1
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    Quote Originally Posted by Michael I View Post
    just an example . you have been asking for funders suggestion but no where did you ask that allows to you to syndicate ,yet you are building the model on that.
    i wish you the best of luck and hope you do not lose to many deals to bad companies that steal in till you learn who you can trust
    We aren't building a model on syndication - it was a thought.

    But - I do like the idea. Would be a great way to create residual income for the Brokers.

    We are looking for honest Partners. We have found two. Will look for a few more.

    Who are 4 or 5 funders that you trust Michael?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

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    Quote Originally Posted by cruisinman View Post
    We aren't building a model on syndication - it was a thought.

    But - I do like the idea. Would be a great way to create residual income for the Brokers.

    We are looking for honest Partners. We have found two. Will look for a few more.

    Who are 4 or 5 funders that you trust Michael?

    first mistake there is no such thing as honest or trustworthy in this industry anyone will turn on you given enough monetary incentive. i give it two weeks before your back door is wide open.

  3. #3
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    Quote Originally Posted by Bcooper View Post
    first mistake there is no such thing as honest or trustworthy in this industry anyone will turn on you given enough monetary incentive. i give it two weeks before your back door is wide open.
    Hopefully we choose Partners that won't treat us this way and see the value that our Network of Brokers will bring to the table.

    What 4 or 5 Funders would you recommend to work with Bcooper?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

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    Quote Originally Posted by cruisinman View Post
    Hopefully we choose Partners that won't treat us this way and see the value that our Network of Brokers will bring to the table.

    What 4 or 5 Funders would you recommend to work with Bcooper?
    credibly
    bitty
    g&g
    Silver line
    boulder equity for real estate
    wbl for real estate as well

  5. #5
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    Quote Originally Posted by Bcooper View Post
    credibly
    bitty
    g&g
    Silver line
    boulder equity for real estate
    wbl for real estate as well
    We are partnering with Credibly.

    What about Total Merchant Resources, the Shark Tank peeps? Recommend them?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

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    Quote Originally Posted by cruisinman View Post
    Hopefully we choose Partners that won't treat us this way and see the value that our Network of Brokers will bring to the table.

    What 4 or 5 Funders would you recommend to work with Bcooper?
    Funders are funders & not partners. A decent funder will take their time to explain their box but they aren't going to teach you the art of closing an MCA. You have about a month to prove you are worth their time & then you are moving to the bottom of the list. (At least if they are a producing ISO rep imo )
    Also, any half-decent broker is going to leave your platform. ( I am sure there are some people here that will agree with me )

    As you are realizing, the barrier to entry is extremely low which lets everyone & their mother start an MCA "company". Why should they give up margins? The way that you sell MCAs is that you essentially know how much revenue is generated from each deal. When a decent ISO of your MLM scheme sees how much revenue is generated vs how much is going to their bank account, then they will leave. You have no relationships in this industry. Most funders (even the most honest ones) will onboard one of your ISOs in a heartbeat.

    You think there is a low cash exposure to this idea but you are extremely wrong.

  7. #7
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    Quote Originally Posted by mistamca View Post
    Funders are funders & not partners. A decent funder will take their time to explain their box but they aren't going to teach you the art of closing an MCA. You have about a month to prove you are worth their time & then you are moving to the bottom of the list. (At least if they are a producing ISO rep imo )
    Also, any half-decent broker is going to leave your platform. ( I am sure there are some people here that will agree with me )

    As you are realizing, the barrier to entry is extremely low which lets everyone & their mother start an MCA "company". Why should they give up margins? The way that you sell MCAs is that you essentially know how much revenue is generated from each deal. When a decent ISO of your MLM scheme sees how much revenue is generated vs how much is going to their bank account, then they will leave. You have no relationships in this industry. Most funders (even the most honest ones) will onboard one of your ISOs in a heartbeat.

    You think there is a low cash exposure to this idea but you are extremely wrong.
    I would think that if we are bringing in volume - we'll be appreciated.

    Our concept and Comp Plan will be a great fit for some and for some, not so much. Brokers are free to leave at any time with the standard non-compete / no-solicitation clauses in the Broker Agreement.

    However - since we focus on Team Building - if a Broker is successful at that - they won't want to leave.

    Thanks for your reply tho.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  8. #8
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    Quote Originally Posted by cruisinman View Post
    I would think that if we are bringing in volume - we'll be appreciated.

    Our concept and Comp Plan will be a great fit for some and for some, not so much. Brokers are free to leave at any time with the standard non-compete / no-solicitation clauses in the Broker Agreement.

    However - since we focus on Team Building - if a Broker is successful at that - they won't want to leave.

    Thanks for your reply tho.
    non compete lmfao all that's going to happen is they will go to your competitor with your data and use an alias you're so unprepared its almost funny.

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