Trying to go out on my own as a new ISO
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  1. #1
    Senior Member Reputation points: 305250
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    Quote Originally Posted by Ehenek View Post
    For a couple of a months now I’ve noticed the quality of leads I am receiving are 1) Have a MCA default history, 2) industry is in trucking or construction and are now seeking a 3rd or greater position, 3) files are too small Aka in need of micro funding. I also need help trying to find better quality leads (I understand this is the secret sauce) however, I also focus on SBA, Term loans, or equipment financing if it makes sense. I am also finding it hard to obtain proper files for this because the macroeconomic environment has been so rough and we might’ve started working towards one of those products and the merchant will not say to me that they need another MCA in the mean time. Also being on my own I’ve noticed that these large “A” paper lenders don’t want anything to do with a startup ISO. Any advice (I know I just through A LOT out there)?!
    You must be buying leads(data) from the standard ones that sell on here . what these guys do is sell them live than a week later a month later 6 months etc.. the cheaper the leads you are buying from them the more you will be getting what you have been . The way to get higher quality leads is to bring them in yourself through your own marketing

  2. #2
    Senior Member Reputation points: 23755
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    Quote Originally Posted by Michael I View Post
    You must be buying leads(data) from the standard ones that sell on here . what these guys do is sell them live than a week later a month later 6 months etc.. the cheaper the leads you are buying from them the more you will be getting what you have been . The way to get higher quality leads is to bring them in yourself through your own marketing
    easier said than done

  3. #3
    Senior Member Reputation points: 18826
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    Quote Originally Posted by Michael I View Post
    You must be buying leads(data) from the standard ones that sell on here . what these guys do is sell them live than a week later a month later 6 months etc.. the cheaper the leads you are buying from them the more you will be getting what you have been . The way to get higher quality leads is to bring them in yourself through your own marketing

    It is better, but it takes an upfront investment, and a little time to build the pipeline. Plus agents that understand what the plan is. But after that, you're basically working out of your own internal growing database that almost no one has access to.

    That's how companies like Paypal, Square and Amazon were able to reach 8-10 figure funding amounts relatively quickly, they had their own internal database.







    www.UccRadar.com - Large volume merchants signing up on Your Website



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