To start a credit repair business, or any business, you must think about a credit repair business plan.
In doing so most people will start thinking about what they need. After doing just a bit of research on the internet they may decide they need software, a website, knowledge of state law, and training. That may seem logical. But I would recommend you start from a different place.
Building a Credit Repair Business Plan
Instead of first thinking about what you need, first think about what you’re trying to accomplish for yourself. What do you want this new business to do for you? How is your new credit repair business going to fit into your life and your existing job or business? When starting a credit repair business first consider the following:
How many hours per week can you devote to it?
What are you willing to do to market your new business?
How much time are you able to give your business before it generates a profit?
What can you afford to invest into starting a credit repair business?
Are you willing to do all the administrative labor for your clients?
If so, will you still have time to find new clients and referrals?
Will doing all of what is required take away from an existing business or job?
Do you like, are you good at, or are you willing to learn how to sell?
Once you answer questions like these now you can start looking at different credit repair business models. Yes, there are different ways to set up your credit repair business depending on your needs and desires.
If you have a significant amount of financial resources and time you can start your business from scratch. You can research and buy credit repair software. You can build a website, social media pages, start a blog, and all else that’s necessary to drive traffic to your website. You can build a sales funnel for online marketing. You can do the administrative work and still market your business to continually find new clients.
Time is Limited, But Money Isn’t a Problem
You can then purchase a credit repair franchise. You’ll have most everything from a credit repair standpoint already set up for you. You’ll only need to focus on setting up the marketing your business. Hopefully the franchisor you choose will provide the administrative tools to do the credit repair work. Just know that buying a credit repair franchise starts at $9,500 and goes much higher.
Time and Money are Limited
If this is the case you’ll need to find a business model that takes care of a lot of the set up and ongoing credit repair process for you. You will be charged only a nominal fee to get your business set up. You’ll have a staff that does the redundant work of credit repair for your clients. And, your marketing materials, videos, online marketing tools, website and more are set up for you from day one. Plus all the state and federal law requirements are satisfied in all 50 states. That means you can do business anywhere in the country.
What is this Credit Repair Business Plan?
In the credit repair industry people typically spend more time, effort and money researching how to get their business started than they can afford. They don’t create a credit repair business plan. They don’t consider what they truly want out of a credit repair business. And therefore they either quit before they get started, or they fail just a few months into it.
The Best Credit Repair Business Plan in the Country
We started a credit repair business in 2012. We built that into a business that produces nearly $1 million in revenue annually and a 6 figure income. You can exactly the same thing. All you need to do is take 30 minutes to watch a video detailing the business model and then book a phone appointment to get your questions answered. If nothing else, you’ll be much more aware before you start your credit repair business. But this credit repair business plan and business model may fit perfectly into what you’re trying to accomplish.
Watch This Video
If You’re Interest is Piqued Now Just Book a Phone Appointment With Us
Learning how to find credit repair customers is the single most important skill set to have if you’re going to be in the credit repair business. I’ve spent 6 plus years in the industry and have talked to well over 2000 people that were thinking about getting into the credit repair business. It seems they’re most concerned with software to do the credit repair work and laws relating to the business. Those are challenges to overcome for sure. But none of that matters unless you know how to find credit repair customers now and well into the future.
I’m going to give you the exact same advice that I wish someone had given me back in 2012. It may not be what you want to hear. But it’s what’s going to allow someone to start finding credit repair customers right away.
A word about what else you will read on the internet about this topic. You may read that you need to have an affiliate marketing program, run paid ads, and that your website will bring in customers. But whatever you read identify the source. Like Credit Repair Cloud they are typically trying to sell you their software or program. Think before you act.
How to Find Credit Repair Customers
Before I give you my recommendations on how to find credit repair customers please note that these are not in any chronological order. The reason is that you may have a different skill set than the next person. You may have social media experience, or experience with building websites. If so, then dive into that earlier than most would. If not, you may want to devote more time to those things you can do. The most important thing is that you go get customers! Then as your business becomes profitable take the time to venture into other areas that may take more time, energy and money.
Word of Mouth
See, this isn’t what you wanted to hear is it? But if you want to know how to find credit repair customers this is the quickest and easiest, and most necessary thing that you do. The reason is that people aren’t going to just tell you they have a credit score problem during regular conversation. It’s only when they find out you can help them that they will share that with you.
I’ve said this a thousand times…”Everyone you know needs to know you’re in the credit repair business.”
Stay away from email blasting. Don’t just get a list of your friends and colleagues email addresses and blast. It doesn’t work. Many go to spam. And it’s annoying. One solid conversation will get you much further than a thousand emails.
Business Networking for Credit Repair
A great way to get the word out is to join some local business networking groups. It also gives you an opportunity to hone your conversation and presentation skills. How are you going to talk about your credit repair business? How are you going to present it to a group? Business networking will allow you to practice. Plus business owners know lots of people. They also know people in professions that are important to you like real estate and mortgage.
Don’t hand out business cards, get business cards. I’ve seen so many people at a networking event hand out their cards when they weren’t asked for a card. That’s a networking taboo. Don’t hand out a card unless you’re asked. And never give a card unless you get a card. When you have someone’s card you are now in control and can follow up with them. When they have your card guess who is in control? Not you!
Get a table at a local event. To be honest I’ve never had this produce a ton of business. But it got me talking to a lot of people and practicing my conversations about my credit repair business and answering questions. Plus, as I said before, one good conversation can produce a lot of business.
Referral Sources for Credit Repair
If you’ve not liked what I told you so far you cannot ignore this. If you want to know how to find credit repair customers pay close attention. There are literally thousands of people in real estate, mortgage, banking, auto and solar business that have people not qualify because of credit score every day. And, they don’t have a solution to the problem. How about if you become that solution?
Referrals are far better, a 100 times better than a lead off the internet. Why? It’s because you are being referred. It gives you instant credibility. And, if you teach your referral source just a little bit about how to refer you, your chance of getting that sale is really good. Think about it. They are referring to you someone that is emotionally invested in increasing their credit score. They typically will gladly pay you to help them.
Below this I’m going to talk about online marketing but I’ve chosen to talk about social media first. The reason is that it doesn’t matter if you are tech savvy or not. You must have a social media presence. If Facebook is beyond you then get someone that can help you build a Facebook presence. It’s essential.
I teach my Agents from around the country that work with me about Attraction and Curiosity marketing on Facebook. That’s a very in depth topic that I won’t go into here. But what I will tell you is that you want to use social media to educate and attract people. And, make them curious. You don’t want to annoy them with every post being a sales pitch. Always remember you need to first attract people to you before you find credit repair customers.
More Online Marketing
Credit Repair Website- Is a website a priority right away? I would love to tell you that it’s not. But it really is. The reason that it is a priority is not because it will rank on the front page of Google right away. You need it to rank on Google before you can use a website to find credit repair customers. It will take months before you’ll see that. And, that’s only if you or someone that’s working on your website is really good at search engine optimization (SEO). The reason you want to have a website sooner than later is so that it seasons. Google will not rank a brand new website. Get your website built even if it’s not perfect. And get Google, Bing and Yahoo crawling your site right away.
Credit Repair Blog- When you start your website get a platform like WordPress that allows you to have a blog inside your site. Blogging about credit and credit repair topics will get eyeballs on what you write with links back to your website. Think about it. You’re reading my blog right now! I get it. Some people don’t like to write. Do your best and then hand it over to someone that can write like your teenager. They would probably be fired up to do that for you. Then post your blog articles on your social media pages.
Listings for Your Website- the more links you have back to your website the better. That’s why you want to post your blogs out there. But you can also have links back to your site from Yelp, Google, Bing, Angies List, YP, and many, many more. The more listings you create, the more links back to your website which will get the search engine bots to pay attention when they crawl your site. That will move you up in the rankings.
Credit Repair Sales Funnels- This is a controversial topic for me. The idea is to run ads on Google, Facebook, etc. and drive people to a landing page to see what you’re selling. Then get them to submit their contact info to you so you can use an email or other type drip campaign to keep their eye balls on you. I get it. I just haven’t been able to make it work myself. I’ve spent a lot of time and money trying. As this is being written I am having someone set up a funnel for me because I’ve realized it’s not in my wheel house. I’m not trying to discourage you. I’m just being honest. Perhaps you are good at graphics, writing advertising copy, and have some technical skills. I have the technical side but not the other two.
Credit Repair Affiliate Marketing- I love this idea and am close to pulling the trigger on an affiliate program. However, I would not recommend it when you first get started. The concept is that you have people (affiliates) that have high traffic sites that advertise your credit repair service. If someone from their site goes to your site and buys from you, you get a sale and they get a commission.
Ask yourself these questions before you launch into an affiliate marketing program. Can you afford to pay a commission to an affiliate when you’re first getting your business of the ground? And, is that commission going to be attractive enough for them to market your service over somebody else? They have no loyalty to you. They have loyalty to whoever can convert their leads into the most sales and pay them the most money. And, as I told you before, internet leads are not the best. You might find yourself wasting a lot of time and money here. I’m willing to try it because I’ve done several million in sales in 6 plus years and am really good at closing business.
So there you have it. More than 6 years of figuring out how to get credit repair customers. Each of the categories above has more to it. But this I believe will be helpful to you.
Our Credit Repair Business Model
By the way, you may want to look at our business model because it solves a ton of challenges for you. You get a website, landing pages, marketing videos, an online customer follow up tool, a staff that does all the credit repair admin work for you (no software needed), and more. And get this…you can get started for less than $300.00!
If you’re looking to start a credit repair business you may have come to the conclusion that you basically have two options.
Option 1- Piece together the business by paying separately for software, a website, contracts, training and other essential components by buying kits, CD’s and manuals.
Option 2- Purchase a credit repair franchise that presumably has everything you need to get started.
We actually are going to provide you a third option for a credit repair business opportunity below that we believe you’ll find head and shoulders above the first two.
A Challenge to Overcome to Start a Credit Repair Business
Neither of the first two options overcomes a major challenge in the credit repair business. You need to have the time to not only find clients but also perform the credit repair service for these clients. Finding clients is a full time job by itself. Doing the work of credit repair is another full time job. So, to work with either of the first two options there will be a limit to the amount of credit repair business you can generate. Or, you have to hire staff to generate the business or provide the credit repair service, whichever part you do not want to do or are least skilled to do.
If you have done any homework on the topic you probably did an internet search for the following terms as we did:
start a credit repair business
starting a credit repair business
credit repair business opportunity
credit repair business franchise
and terms very similar. What you found are the types of opportunities mentioned above. Companies that provide pieces of the business, and others that offer a credit repair franchise.
What You’ll Need to Start a Credit Repair Business from Scratch
Before you can decide on a company to work with that offers pieces of the credit repair business you need to understand all the pieces you’ll need. Here is a partial list of what you would need to start a credit repair business.
A Web Site– and text for that web site such as frequently asked questions, a marketing video explaining your service, a contact form, an option for a client to sign up for your credit repair service online, and more.
Marketing Materials– brochures, flyers, videos, business cards, logo
Credit Repair Contracts for your state or other states if you want to do business outside your state
Credit Repair Software to assist in the credit repair process, sales tracking, and accounting
A Staffed Phone Line for customer support
An Automated Process for updating clients on the their credit repair progress
We found no companies other than the third option which we’ll reveal below that provides all these pieces.To put it all together, costs will range upward from $1,000 to start a credit repair business. But that does not include many of the missing parts of your business. You can estimate the true start up costs yourself but our figure is conservatively at $10,000 over the first year.
Credit Repair Franchise
There is the credit repair franchise or licensee option. We found a few although there may be more.
There is also a company called Credit Repair USA which is not a franchise. They consider you a licensee. According to a video on their website as of the update of this post they’ve been bringing on licensees since 2015 and have about 200 such licensees. Franchise Gator lists their fees at between $199/mo to $1499/mo.
Challenges with a Credit Repair Franchise
Let’s assume each of these franchisors or licensors provides you with everything listed above. And let’s ignore for the fact for a moment that many credit repair franchisors have gone out of business. That, of course, leaves their franchisees with no benefit to the money they spent on the franchise. You still have to consider that franchisors typically limit your territory.
And what really are you paying thousands of dollars for? None of these companies have a household name. If you buy a Subway sandwich franchise you’re getting a recognized name and national TV exposure. But none of these companies will accomplish that for you. And, are they going to satisfy the requirements in your state or do you have to do that?
The Best Solution to Starting a Credit Repair Business
Option 3- So, what if you could find a company that provided everything you needed to get started in your credit repair business? And, you got everything from Day One.
Website- you have a personalized web site built for you. It’s complete with frequently asked questions, marketing videos explaining your service, a contact form, an option for a client to sign up for your credit repair service online, and much more.
Online Marketing- if you want to use social media and other aspects of the internet for marketing you’ll have landing pages and a contact management system. If you want to do build a credit repair business online, you’re ready to start posting and placing ads.
Marketing Materials– you’ll have immediate access to professional brochures, flyers, folders, videos, and business cards. These materials are compliant with all state and federal regulations, and laws.
Credit Repair Contracts- you’ll have digital contracts right on your website for all 50 states. And that’s how you’ll enroll your clients, right online.
Credit Repair Software- we have the most sophisticated credit repair software in the industry. However, you won’t have to learn it because you’ll have staff provided to you. These highly training credit repair personnel will pull credit reports, analyze those reports, draft dispute letters and get them processed. All that information will be uploaded to your online portal for your review.
Customer Support- again you’ll have a dedicated team to handle all your client calls, answer questions and update you if needed.
Automated Client Reporting- each of your credit repair clients with have an online portal and secure login. Any information or updates on their account will be uploaded for their convenience.
Training- immediately available to you will be our online training system. You can not only start your training right away but you can do it on your schedule. You’ll also be included in our weekly live training that you can access from your home or office.
Highlights of our Company
We offer credit repair at one of the most competitive rates in the industry.
And, we provide clients with a satisfaction guarantee.
We do not limit your geographical limitations. You can do business in any and all 50 states.
You can find and develop other individuals who wanted to also be in the credit repair business, and get paid on their business.
You can offer other services such as a Will and Trust, LifeLock, a service to help your clients pay off their bills faster, a service that showed them how to increase their credit score beyond just fixing their credit, and more.
We provide you the benefit of up to $100,000 in life insurance.
And, you could get started immediately for less than $300.
Well, if you’re serious about getting into the credit repair business this is not a hard decision.
ERA Credit Services can provide you with the opportunity to be in the credit repair business, get everything listed above, and do it for less than $300 out of pocket start up costs. You can literally start today and begin earning money by the end of the day. On top of everything listed above we have the best compensation plan in the industry.
If it sounds too good to be true, it’s not. We have simply found a way to provide a better opportunity. Don’t you owe it to yourself to find out more?
Watch This Video to Learn
How to Start a Credit Repair Business for Less Than $300
Did You Like What You Saw in the Video?
If so, then click below to ‘Book a Phone Appointment’
This post was originally published in June of 2013 and has been updated for freshness, accuracy and comprehensiveness.
Approximately one third of the people in the U.S. have a sub-prime credit score (under 620). About 14% have no credit score at all. That means that nearly half of this country needs help. But you have to find those people, get your message out to them, and convert them into clients. The only way to do that is to think of your new business as an online credit repair business.
That doesn’t mean you won’t have interaction with your client prospects. It just means that you need to find them online through social media and other ways, and attract them to you. But finding clients online isn’t as easy as it sounds. Taking someone from a Facebook Ad, as an example, to a converted client requires online tools and marketing material.
Online Credit Repair Business Model
Building online tools such as Ads, sales funnels, and landing pages can be a full time job by itself. Couple that with everything needed to start a credit repair business in the first place and it can become overwhelming. Fortunately we have a business model that someone can plug right into and have the tools and technology, online and offline, to start generating clients right away.
Building an online credit repair business can be advantageous to those that still have another business or job. It allows the part-time credit repair business owner to look at their phone, tablet or laptop and check in on their business periodically throughout the day. You can send a quick message or a book a phone appointment at a time when you’re available.
Built in Credit Repair Business Support
In addition to the marketing, one other consideration is the time and effort it takes after you get a client. Who’s going to pull credit? And how are you going to get those credit reports? Who’s going to analyze those reports and generate legally compliant disputes of derogatory items? How are you going to report progress and results to the client? And, there’s much more in the way of administration to be concerned with. No worries. Our business model takes care of all that too!
Start an Online Credit Repair Business for Under $300
With our credit repair business model you immediately have access to:
Your Own Website
An Online Business Office
An Online Training System
Marketing Videos & Other Materials
Landing & Capture Pages
Dedicated Client Support
and Much More!
Now I’ll stop typing and let you see for yourself. Click the box below to go to our Business Opportunity page. There you can watch a very informative video and get the details. Then, if you like what you see, click the box just below the video to ‘Book a Phone Appointment’. We can then have a detailed discussion, let you ask all your questions, and get you started.
Dale Guiducci is a partner at ERA Credit Services and Vice President at Financial Education Services. Since 2012 he has helped thousands of people nationwide with their credit score. And, he has coached hundreds on starting their own credit repair business.
You have a great idea. You want to start a credit repair business to help the hundreds of thousands that need to increase their credit score. But you want to find and use a proven credit repair business model. You’re searching around the internet to find out how to do it. Then you realize that starting it on your own is not simple or easy. It requires a lot of legal knowledge and start-up capital. Not to mention it will take months to get it going before you can start looking for your first client.
We Have a Proven Credit Repair Business Model
We get it! We’ve been there! In 2012 we did the same thing that you are doing right now. But because we went through all of that you don’t have to. We have a proven credit repair business model that’s set up. It’s waiting for you to plug into it, start helping people, and generating income for you from day one.
All of the technology, website, infrastructure, customer support, and legal requirements in all 50 states are all handled for you. You plug into it and learn how to share the services to your perspective clients. You’re up front investment? $288.00. That’s it!
It Sounds to Good, But It’s True
Does it sound too good to be true? Perhaps. But it is true. We’ve been helping people start their own credit repair business with a proven credit repair business model since 2012. You see we used the exact same business model to help thousands of people all over the country improve their credit score. We have been earning a six figure income from a home office for years. We proved that it works. Now we offer this proven credit repair business to anyone willing to learn and put in the effort to go out and get the clients.
We’ll teach you everything we did to go from nothing in 2012 to a nationwide credit repair service producing close to $1 million in revenue annually. What do you do to find credit repair clients? How do you speak to them so they feel comfortable working with you? How does credit repair work? What can you and your client expect? All this and more.
What You Should Do
If you want to learn about our proven credit repair business here’s what to do…
Click the box below and watch a video
If you like what you see in the video scroll down from there and book a phone appointment with us. We’ll cover any details and answer any questions you have.
That’s it. We keep it simple. And at the end of our conversation if you decide to go in another direction to start your credit repair business we’ll wish you the best of luck…and mean it!
So, what do you have to lose? Click the box below. We look forward to talking with you.
One of the ways to get into the credit repair industry is to purchase a credit repair franchise. By buying a franchise it gets you marketing and selling much quicker. You don’t have to wade through the legal and technology minutia on your own. Your business should be pretty much ready to go.
What we offer is not specifically a credit repair franchise. But it’s much like a credit repair franchise without the restrictions. We call it an Agency. The infrastructure of technology, service delivery, marketing materials (including websites, videos, landing pages), and client tracking is all provided.
Our credit repair agency offers everything a franchise does with 5 major advantages
Other Services – Credit repair is a much needed service without question. But you must understand two facts about credit repair. One, it’s not the only thing that can be done for someone to increase their credit score. Two, if credit repair is all that you sell, your clients go into it with the idea of getting out as quickly as possible. Your residual income isn’t “sticky”. You’re just replacing clients instead of adding to them. We provide other services to help the client with their credit as well as their whole financial picture. We also have services that people want long term. Your retention of clients therefore is much higher. And, we provide all these services for the same price as other companies charge for credit repair alone.
Training from Successful Agency Owners – Training is a cornerstone of our Agency program. But the key is that you get trained by highly successful Agency owners. These are entrepreneurs that generate revenues in excess of $1 million a year in the business that you want to learn. How brilliant is that?
Unlimited Territory (US) – Not only are you not restricted to a city or county as credit repair franchise owner. With our Agency you can do business in any U.S. state or territory. All the bonding and legalities have been satisfied. This is HUGE even if you’re thinking that there’s enough business in your local market. Which there is. But once you understand this industry you’ll be thankful for the ability to do business anywhere.
Grow Your Business Exponentially (or Not) – You have the choice to introduce this business opportunity to others. When you do so you earn bonuses and overrides on those Agencies. Would you like to expand your business to other metro markets and states? You can! But you don’t have to. If you simply want to sell the services yourself and not expand, that’s ok too. It’s your choice.
Low Start Up Cost – The least expensive start up costs for a credit repair franchise that we could find is $9,500. However, you can get started with everything you get with a franchise and all the other advantages for just $288.00!
If this business model sounds appealing visit our site and watch a couple of videos that will give you details.
After watching the videos you can schedule a phone appointment to speak with Dale or Shirley Guiducci, two of the top people in the credit repair industry. They will discuss your goals, answer questions, and give you their insight of many successful years in the business.
Over the past 5 years I’ve had over 2,000 people contact me because they want to start a credit repair business. I admire them. They want to strike out on their own and build something for themselves. However, most of these people are initially misguided.
Doing It All Yourself
Typically they see themselves doing the credit repair work. You know sitting behind a desk, analyzing credit reports, and drafting dispute letters. What they don’t realize is that there is less value in doing the admin work than getting the customers. That’s reflected in the hourly wage a credit repair company will pay for that type of work which is about $10-$15 an hour. The value is in getting customers.
However, you can’t both get customers and do the admin work effectively. There just isn’t enough time in the day. If you have no customers, you have no work. If you have lots of customers where are you going to find the time to deliver the service? If someone truly wants to draft dispute letters they should never start a credit repair business. Just go work for a credit repair company. It’s a lot less stress, you don’t have to do everything else, and it doesn’t cost you anything.
Let’s say someone ignores this advice and they still want to start a credit repair business. They feel they can do both, get customers and do the admin work. They may even hire employees to do the admin work so they can do the marketing and selling. Or, they hire someone to do the marketing and selling so they can sit behind a desk and analyze reports and draft dispute letters.
Do You Want to Own a Credit Repair Business or Have the Business Own You?
Here are some million dollar questions. What happens if you can’t work? What happens when you want to take time off? Who’s going to take calls from customers after 5 pm and on weekends? Who’s going to get the work done when your employee is sick or has to take time off themselves?
What someone has built in this scenario is a business that owns them. They have no more leverage than when they worked at a job. They have even less leverage because they can’t walk away from their obligation to their customers.
Trust me on this. My wife and I were in this situation ion 2012. It’s overwhelming and seems like there’s no way out. If we stop we lose our income. If we keep going we’re unhappy, stressed and overworked.
The Best Solution if You Want to Start a Credit Repair Business
What’s the solution if you truly want to start a credit repair business? Build something for yourself but not by yourself. Create an expandable business that can operate without you. Become a true entrepreneur.
In order to do that you needs two things. One is a system. You could call it an infrastructure. Websites, other technology, customer service, service delivery, legal team, marketing materials, employee training, etc. You can build this yourself with a ton of money, time and management headaches. Or you can leverage what someone else has already done. I like the second option. Then you need a distribution network. You’ve got to have other people exposing your business, selling to customers, and finding other people to expose your business.
In other words, why reinvent the wheel? Someone’s already done that. Use their wheel. They may take some of your profit as compensation for having built this infrastructure. But it takes millions of dollars to build a top notch, professional, reliable, and completely legal infrastructure. Do you have millions of dollars?
And, instead of hiring employees why not show others what you did, let them start their own business too, and get paid on what they produce? You have no overhead, employees, or liabilities!
In this scenario you’ll still need to work the business yourself for some time. Maybe 5 years, 7 years, 10 years. But along the way you’ll develop a business that operates without you for a period of time. And an income stream that keeps paying you even when you take time off, are sick, etc. Eventually you will be able to walk away entirely and get paid the kind of income entrepreneurs get paid.
Credit Repair Business Start up Costs
If you’ve researched how to start a credit repair business you might think what I’m describing is expensive, takes too much time, and that you don’t know how to do it.
The truth is that if you have $288.00 you can do this.
If you have between 10-15 hours a week or more, you can do this.
If you are willing to get trained online, join a Facebook Group, and attend a FB Live each week, you can do this.
How do I know all this? My wife and I did it. Our business will generate nearly $1 million in revenue this year. And, we do it all from home without ANY employees. In fact, we now train other people who want to start a credit repair business. They want a true business that they own. Not a business that owns them.
We can help you too if that’s what you truly want, are open to new concepts, have some money to invest , have some time, and are willing to learn.
We started a credit repair business in 2012 and have developed it into a very successful business that will produce nearly $1 million this year and has done so for the last few years. The truth is that we didn’t know a lot about the industry at the time. Nor did we have a successful track record of owning a business or being an entrepreneur. We’ve learned a lot since then. We’ve discovered the keys to running a thriving credit repair business and want to share the reasons why credit repair startups fail.
Let’s assume someone navigates through all the federal and state laws and has the time and money to get their credit repair business started. What are the unforeseen challenges lurking around the corner and the main reason why credit repair startups fail?
Do you have the time to find clients, sell to those clients, and service those clients? People often underestimate the time it takes to do marketing, sales, and service delivery. Sure you can get your first clients simply through word of mouth. Everyone knows people that need help with their credit score. But what happens when that pipeline dries up? You need a professional, focused marketing approach that will get your phone ringing from the general public. Then you need to know your competition in order to sell against them. You also must know how to add value to your service when speaking to a client prospect. In other words, you have to be a good, if not great salesperson. Then you have to deliver a great service to the client. This all requires time.
One of the biggest reason whys credit repair startups fail is due to competition from bigger companies. And, one of the components you need to compete with big companies is technology. Do you have a portal for your clients to use to stay informed of the progress of their account? If not, will it be enough for you to call them continually or them to call you? And once again, do you have the time to keep your clients informed this way? That’s just one piece of technology you’ll need. However, there’s much more needed.
Having the time to run your business is a huge issue. A lot of people want to start a credit repair business part-time for extra money. Possibly they have the intent of building up their business and turning it into a full time operation at some point. Quite often they eventually realize that trying to get a business to the point of leaving their job requires much more time than they anticipated. The only solution to that problem is to have a team of people available for Customer Support and Sales.
Before you invest a lot of money, time, energy and effort into starting a credit repair business you need to heed this warning. Most credit repair startups fail because the people that start them do not have the time to make it work. And, they don’t have the time or expertise to develop a team for Customer Support and Sales to save them time. It’s a Catch 22, a conundrum!
Yes, I understand that companies on the internet will sell you software and a website and tell you that it’s easy. I’m telling you that there’s nothing easy about it. There are companies that will train you on how to do credit repair and even give you a certificate. But they don’t teach how to get customers and how to sell your service. They don’t teach you how to position yourself against the competition. They don’t teach you how to be a successful business owner. They don’t teach you how to be an entrepreneur.
You not only need training on how to market your business, but also how to sell to customer prospects once you get them. But the biggest factor is to get trained on how to think, act and be a successful entrepreneur.
HERE’S THE SOLUTION
We owned a business prior to starting a credit repair business. Therefore we already realized some of the pitfalls described above. We wanted to avoid the several reasons why credit repair startups fail. So, we found a credit repair business opportunity that offered solutions to these pitfalls.
This opportunity provides us the ability to save time because we don’t have to provide the service delivery. We have an expert team available to us that does that for us. And, they handle customer support far better and more efficiently than we could do for ourselves. They provide all the technology we and our clients need, and more! They allow us to go out and build a sales team all over the country so we do far more business than we could ever do ourselves. And, they’ve trained us on all aspects of the business.
And you know what? We initially invested less than $500 in our credit repair business! We now earn well over $100,000 working from home.
In a nut shell we are successful entrepreneurs because they provide everything that we couldn’t. It would take millions of dollars to do what they already have. And, we have been able to avoid all the reasons why credit repair startups fail.
If this sounds like a better way, contact us. We’ll show you the business. You can determine for yourself if this can help you be successful as well.
There you can read more about this credit repair business opportunity that will help you avoid the reasons why credit repair startups fail. We have a detailed video that will explain what you need to know. Then you can schedule a phone appointment to get your questions answered. We look forward to hearing from you.
If you take a step back and look at the American society and economy you can see that a lot of help is needed for Americans today. It’s true that the unemployment rate has fallen steadily since 2010. And, generally the economy is in better shape. But the following is also true:
The median amount of retirement savings in the U.S. is $5,000
35% of adults have less than $1,000 in their savings accounts
Start a Business That Offers 3 Things That Americans Need
So, we’ve uncovered a few different ways to start a business that helps others. The most obvious is to educate and help the average American family understand the importance of saving for the future.
But in most cases it’s not just education regarding the need to save. Most families that don’t save will say they don’t have enough money. So, they must understand budgeting and debt reduction.
In addition, 68 million Americans have a poor credit score. This may cost them the most. With a low credit score they are spending far more than needed on interest payments on cars, homes and credit cards. By increasing their credit score the average person can save up to $200,000 and more in paying lower interest rates.
Further, 65% of Americans have no Will, and more don’t have a Living Trust putting their assets and family at risk.
Start a Business That Helps Others
These are areas of need that can be fulfilled by someone that wants to start a business to help others.
You may surmise that the underlying reason all of the above is happening is that the average American family isn’t making enough money. What if you could start a business that helps others by also showing them how to start their own home-based business helping others?
Think about it. You could have a business that helps others by offering services that educate them on how to save more of the money they earn. And, for those that want to earn more, you could show them how to start a business that helps others as well. And earn income from their business.
This is what we have been doing since 2012. We have helped nearly 1,000 families get into a better financial situation. We’ve helped hundreds more start their own business to earn more income. And, we get paid on the production of those businesses.
We have changed our own financial situation dramatically. We also receive the gratification knowing that we help others every single day.
To Learn More About Starting a Business That Helps Others
Watch This Video
Then call us at (727) 222-0120 to talk about how you can start a business that helps others
There are two powerful forces leading people to start a financial services business.
The first is the fact that our economy in the U.S., although doing better than 2008, is causing the average family to struggle. Think about it. Not too long ago one income families got along nicely. People were able to save for their kid’s college expenses and their own retirement. Today it requires two incomes just to make ends meet. In many cases, saving for college and retirement just isn’t happening.
The average family needs a solution. They need help with budgeting, debt payoff, increasing their credit score, preparing a will and living trust, and much more.
Therefore, smart entrepreneurial minded people are seeking a way to start a financial services business. They want to leave their job, work from home or open their own office, and take back control of their future.
Many people will look at financial services franchise opportunities. Often these opportunities require licensing and are very niche oriented. Certain financial services franchises concentrate in one area only such as loans, tax, or insurance.
The biggest factor in buying a financial services franchise might be the cost. Many require capital investments of $50,000 to well over $200,000. The least investment required is about $20,000. Someone can get a loan to buy a franchise but how long is that going to take to pay back? Why take on the risk especially when starting a financial services franchise in a field that is new?
Low Cost, Low Risk Financial Services Business
We have an alternative. You can start a financial services business for an investment for under $300. Note that even though the upfront investment is very small, it doesn’t mean the return on investment isn’t every bit as large as purchasing a financial services franchise for $200,000.
The parent company, Financial Education Services (FES), has been in business since 2004. Over that time they have produced many Independent Agents that earn very strong 6 figure incomes. Some earn 6 figures per quarter. And, they run their business from their home or an office.
FES has a suite of financial services that focuses on helping the average family to become financially fit. Debt reduction and pay off (not debt consolidation), capital preservation, building positive credit, estate planning, and protection are areas of concentration. None of these services provided require the Independent Agent to be licensed. This allows for a quick start up in the business.
My wife and I started a financial services business with FES in 2012. We soon after closed our accounting business and work this business full time from home. We now live a lifestyle that we always thought about but never could make happen before. This lifestyle is partly due to our income but also because of the freedom it provides us. We take time off when we want, not when we are told we can.
Learn More About Starting a Financial Services Business
If you would like to learn more about owning a financial services business you can simply give us a call after you watch the video below. This video will provide you with details on FES, the services offered, the compensation, training program and investment to get started.
Watch this video and give us a call right now! You have nothing to lose and everything to gain by taking a strong look at a great financial services business opportunity.