What You Need to Know and Questions You Need to Ask
Before You Start a Credit Repair Home Based Business
A credit repair home based business is a great choice if you want to develop a second income stream or a new career. However, there is a lot to research and understand before setting up your new business. I have worked from home in credit repair since 2012. My credit repair home business has grown each year and in 2016 did over $1 million in sales revenue.
People call me nearly every day to ask how I did it. I have spoken to over 1,700 people in the last few years about this topic. This blog post will share the common challenges and issues people ask about and many of which that weren’t even aware to mention .
Being a Soloprenuer
What is a solopreneur? A soloprenuer is someone in business for themselves and also by themselves. They have to do everything, wear every hat. What does that mean in a credit repair home business?
Website & other technology- being in business today means you must have a website. Not only that but it must be a great website with a professional look and populated with great information about credit. But it goes beyond just having a marketing website. To compete in this industry you’ll need to provide clients with online access to their progress and results of the service you are providing them.
If you’ve done any research you’ll see advertisements for software that will generate dispute letters for you. Some are probably much better than others so you have to find the right one. But beyond that how are you going to know what derogatory items a client has? Are you going to make the client provide you with credit reports? Can you get credit reports? And, most importantly are you aware of the time it takes to process a clients service from start to finish? Have you calculated you’re per hour rate? Is that rate worth the investment you made to start your business?
Where are going to find your clients? Not just your first few clients that you already know but a steady stream of clients? Are you good at marketing? Can you develop flyers, brochures, business cards? Are you a good writer? Can you advertise on social media? Do you have the time for all this?
Can you sell? Are you a good communicator on the phone and in person? Is your credit repair service going to stand up against all the competitors out there? Is your schedule flexible enough to return phone call or other inquiries soon enough?
Will you have the time and be available to take calls from customers that want to know the status of their account and the progress you’ve made. What will be your policy for dissatisfied clients whose results weren’t what they expected?
Have you read the Credit Repair Organizations Act (CROA) and understand the rules about charging up-front fees? If you can’t charge up-front fees can you wait to get paid?
What are the laws in your state? Is a surety bond required? Do you have to register with the state Attorney General? Do you need to also look into neighboring states so you can do business outside your own state?
Who will be your major competitors? What do they charge? How is your service going to be different? Why should people enroll in your service versus theirs?
Credit Repair Training
How are you going to learn what you need to know and do to deliver the best credit repair service?
Business Development Training
How are you going to learn how to run and manage your business. Unless you have successfully built and managed a business before this is often not even considered.
Regardless of how you answer these vital questions, all this leads to a major outlay of time, energy and money just to get your credit repair home based business started.
Here’s an alternative. Become an entrepreneur. Be in business for yourself but not by yourself.
We offer a great alternative, and we believe the very best alternative. Everything discussed above is put together in a “turn key” format for you. Your success however, even in working with us, is that you have to be good at marketing and sales. No one can do that for you. However, the rest is already set up and ready for you to start your credit repair home based business.
And, here’s the best part…you can get started in a credit repair home based business with us for under $500 which includes one on one coaching and training by the top people in our business.
If you want to learn more go to http://eracreditservices.com/credit-repair-business-opportunity/ and watch the 2 videos on that page. Then just give us a call. We’ll discuss what you’re trying to accomplish and specifics on how to build a credit repair home based business with our company.