Tag Archives: credit repair mlm

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/05/Credit-Repair-and-Network-Marketing-625x415.png" alt="Credit Repair and Network Marketing
The Perfect Business" />

Credit Repair and Network Marketing
The Perfect Business

When looking for a home-based business opportunity it makes sense to look for a company that has already built a strong business infrastructure. Then an individual can plug into that infrastructure to have everything they need to run a successful business from the start. That includes all kinds of tools and systems from marketing to merchant services to adherence to federal and state laws. In this case I’m going to discuss an opportunity that combines the large and ever-expanding market of credit repair and network marketing.

Yes, Network Marketing!

If you just rolled your eyes or had the hair on the back of your neck stand up, read on for a bit. Let me address a common criticism about the network marketing industry. That is that most people that try network marketing fail. That’s true. But that’s also true about any independent opportunity that involves sales. The vast majority of people are poor at sales. Yet believe that they’ll be successful in an opportunity that requires selling and people skills.

There is a common theme one needs to keep in mind when judging the network marketing industry. No matter the company, there are people in that company that are doing very well. Therefore, it’s not the industry that prevents people from having success, nor perhaps even the company. In most cases (not all) it is a lack of skill and/or effort on the part of the individual.

OK that is out of the way and you’re still reading. That means you appreciate the benefits of network marketing in relation to building a business. And, you believe that you have some people and sales skills. Perfect!

The Opportunity

I have been part of a company since 2012 that has a very strong credit repair service with an A+ BBB rating. They have also addressed specific challenges within the credit repair industry such as federal and state laws. And, they have a well-trained staff that does all the credit repair service delivery for the distributors (we call them Agents) in the field. This gives the Agent the ability to work this business on a part-time basis. Or, if they work it full time, it gives them more time to go out and find more clients. And, build a team of other Agents (the network marketing piece).

A big benefit to this opportunity that combines credit repair and network marketing is that Agents do not have to do the network marketing side of the business. They can simply sell the services and get paid $100 per transaction plus monthly residual income for as long as the client stays on service. This makes it a great opportunity for people in credit-related industries such as real estate, mortgage, and solar (and other industries). They can simply utilize the credit repair service to increase their primary business.

Building a Team

However, the compensation plan gets very lucrative if someone does want to build a team of Agents around the country. They too get paid on each client transaction but also earn bonuses and overrides on their team. Personally, I do both sides of the business and earn a six-figure income from home. The company also pays for the car that sits in my garage.

Something else that is important to mention is that this opportunity brings together two large markets. The huge and ever-expanding credit repair market. And, the market of people that need a 2nd income that doesn’t take up a lot of their time. Most people know others that have challenges with their credit. And/or they know people in real estate or the mortgage business they could help by turning their credit challenged clients into qualified buyers.

Credit Repair First

This company is a credit repair company first and a network marketing company second. If you have experience in the network marketing industry, you’ll appreciate the difference. Most companies in the network marketing industry could plug in any product to their program. This company however, is built around the concept of being the best credit repair company in the country and competes very well against companies that have a traditional business model. This makes the opportunity even more lucrative because an Agent can go to a real estate company, mortgage company or bank and compete for their referrals of credit challenged clients.

There is a lot to learn about this company. Too much to address here. But if you are intrigued about such an opportunity that combines credit repair and network marketing watch the video below. Then below that you’ll see an icon that will bring you to my calendar. I encourage you (only after you watch the video) to book a phone appointment with me, Dale Guiducci. We can address any remaining questions you have and have a general discussion about whether this might be a mutually good fit.



Credit Repair MLM

I’m going to introduce you to a business model that combines a home-based credit repair business opportunity with an MLM pay structure. It’s a brilliant business model for those that want a part-time or even full time home based business. When the company started in 2004 they had more of a traditional business model. They had independent sales people that earned straight commissions and could not build a team. About 10 years ago they switched to a credit repair MLM model. Since then they have exploded in growth.

If your reading this then one could assume that you look favorably on MLM or network marketing opportunities. For those that do not it may be because they perceive there to be a high failure rate among those that try MLM businesses. Let’s explore that for a bit.

MLM or Network Marketing vs. Traditional Small Business

According to Forbes.com 20% of traditional small business start ups fail in the first year. And, 50% fail in 5 years. Compare that with research on people that start an MLM business. 50% fail in their 1st year and 90% fail over 5 years. So, the failure rate is higher in a typical MLM opportunity than a traditional small business.

Most would look at the statistics just mentioned and stay away from MLM because 90% fail in 5 years. Others would look at the stats and jump in because they see that 10% succeed! What people don’t realize is that the 90/10 rule applies to most opportunities that aren’t a W-2 job where you get a salary. In opportunities where people must generate their income, 90% will fail. But that does not scare away those of use that believe enough in ourselves to become one of the 10%.

The primary reason why the failure rate is higher in MLM is because that the upfront investment is so low. There’s less ‘skin in the game’. This makes it much easier to walk away instead of fighting to make it work. Because of the low start up cost people don’t research the business before they start. People don’t treat it like a business. For some reason people that start a network marketing business treat it with less care than if they had made a bigger investment or commitment.

A Credit Repair MLM – Smaller Investment, Lower Risk

A credit repair MLM is a brilliant business model because it reduces the high cost of starting a credit repair business. Therefore it also reduces the risk. In addition, there is a huge market of consumers in need of credit repair. Beyond that there is a growing number of people looking for a second income.

Consider These Facts about the Market for a Credit Repair MLM

Approximately 35% of the U.S. adult population have a credit score below 620. This is considered sub-prime and will not get most qualified for a mortgage. That means that about 86 million people in this country at some point are going to need help with their credit.

44 million people in the U.S. have a second income or side hustle. It’s becoming more apparent that many Americans are having a difficult time meeting monthly expenses on one income alone.

Given these numbers there is a big opportunity to provide helpful services and to build a large team of people offering the services.

Why a Credit Repair MLM is Inherently Different Than a Typical MLM

Because credit repair is a financial service people perceive a person offering credit repair to be more like a traditional business person. The customer doesn’t need to be explained how an MLM works because they are not participating in the business at all. They are simply a customer of the service. It’s not that anyone is hiding anything it’s just that the business model is irrelevant to the customer. And, the business model has no bearing on the quality and performance of the service. In fact, because the main company provides the service and not the person in the field, the quality of the service is higher and more consistent.

Finding customers is a relatively simply process. You can and should let people that you know you’re in the credit repair business. They may need your service or know someone that does. Or, they may be looking for a second income. But the best place to find customers is to talk with those that see people with low credit scores daily. People that work in real estate, mortgage, automobile, solar and banking are great people to talk with. They benefit greatly be referring their credit challenged prospects to you. And again, there’s no need to explain the business model. You’re not trying to get people into the business. You’re just trying to help their credit challenged prospective clients.

And, yes there are millions in this country looking for that second income stream. Most desire to earn between $500 and $1,000 a month. They are not necessarily wanting to earn six figures. That means that if they simply find a few customers every month they will achieve their income goal and stay with the business long term. They may even decide to invest more time and effort into it. For those that want to earn significantly more, simply go find a lot of customers and people that want to earn $500 a month.

People don’t have to recruit. If they just want to earn that $500 to $1,000 a month they can do that from selling the services alone. They do not have to recruit anyone into their business. But note that if someone wants to earn a significant income or turn it into a full-time career, building a team is essential.

Learn More About a Credit Repair MLM

I started working with a credit repair MLM in 2012. The business has grown to the point where I earn a six-figure income out of my home office. If you’d like to learn more specifics about this business model watch the 20-minute video below. If you like what you see then click to ‘Book a Phone Appointment’ with me. We’ll talk about what you want to accomplish with a business. I’ll share my experience and what it takes to build a successful credit repair MLM and then you decide if it’s right for you.

Now Book a Phone Appointment

Credit Repair MLM

Looking for an MLM or Network Marketing Opportunity

Looking for an MLM or Network Marketing Opportunity was originally posted in 2014 and was updated January, 2017

If you’re setting out to find an MLM or network marketing opportunity you most likely have experience in the industry. Therefore, you want to find a company with the attributes that are important to you. But at the same time eliminating many of the pitfalls or disadvantages you may have discovered with a previous company.

What if you could find a company that offered all the advantages and attributes of a great MLM opportunity but had eliminated many of the pitfalls and disadvantages? Let’s examine what some of these advantages and disadvantages are.

Advantages of an MLM or Network Marketing Opportunity

  • Residual and recurring income
  • Utilizing the efforts of other people (OPE)
  • Start up/ground floor opportunity
  • Low start up cost
  • Low overhead
  • No inventory
  • Selling products that are needed not just desired
  • Unlimited income potential
  • Support
  • Training

Disadvantages of an MLM or Network Marketing Opportunity

  • Ongoing monthly fees/costs for product
  • Trying to recruit family and friends
  • Ground floor opportunities usually come from inexperienced companies
  • Products that are over priced
  • Products that have competition at retail stores
  • Selling a product that is a desire not a need
  • Having to train and manage people
  • Carrying inventory so people can try the product
  • Competition from other MLM’s in the same space
  • Low initial income

If you have experience in the industry you can perhaps add items to each of the lists above. The point is that choosing the right network marketing opportunity is the key. And, you want to have as many advantages and eliminate as many of the disadvantages as possible.

Here’s a company that I believe has done so and something you may want to take a strong look at. Many “traditional” network marketers will find this company to be very unique. It may be a bit foreign to them and they don’t quite grasp the differences.

Network Marketing Opportunity Network Marketing Opportunity

Financial Education Services (FES) is a 14 year old company so the infrastructure is solid and stable, and they have tremendous scalability. FES is also debt free. It’s a ground floor opportunity without the typical risk associated with a company that is new.

The flagship product of FES is not a product at all. It’s a service, credit repair. Tens of millions of people are in need of this service and will continue to need credit repair long into the future. Because FES and its credit repair division, United Credit Education Services, have not only a 14 year track record but they have already serviced 250,000 customers. And, they both have an A+ rating with the Better Business Bureau.

They also have other financial services that people need such as a will & trust and identity theft protection. Also a service that helps people pay off their debt faster, on line credit monitoring and more. By offering services and not products they eliminate the issue of buying and maintaining inventory. And, the margins for services are far better than for products because there are no manufacturing and shipping costs. Therefore they can actually offer these services for less than traditional businesses can. This puts their independent Agents in a great position to compete in the marketplace and still have a very lucrative pay plan.

Referrals for Sales from Other Professionals

Something that FES has to offer that perhaps no other company in the MLM or network marketing space has is the ability to get referrals for sales from other professionals. Real estate agents and brokers, mortgage brokers and loan officers, auto salespeople and dealers, banks, solar companies and more. Any professional or company that has a need for their clients to have a certain credit score to close business with them is a potential referral source. Individuals and companies in the industries listed above lose a significant amount of their business because their prospective customers cannot qualify due to credit score. The FES Agent can solve this problem by developing relationships with these people who are happy to refer these “lost” prospects to them.

Eliminating the Negatives of Network Marketing

This company certainly provides all the advantages listed above but here’s how they have eliminated the typical disadvantages of MLM or network marketing.

  • Ongoing monthly fees/costs for product- Agents for FES can choose, and should choose to purchase their services for a nominal monthly fee. But once they have 5 other Agents or customers on the services theirs is now free. No more monthly fee.
  • Recruiting everyone that you know- FES promotes recruiting of Agents certainly but trains their Agents to look for serious business-minded entrepreneurs. That may be one’s neighbor but more than likely friends and neighbors become customers or simply referral sources.
  • Ground floor opportunities usually come from inexperienced companies- This company has a ground floor opportunity but is not a start up by any means. It’s the best of both worlds.
  • Products that are over-priced- FES services are priced lower than what is found in the current marketplace for an inferior service.
  • Products that have competition at retail stores- the consumer cannot find the services FES offers at a store. They aren’t going to replace these services while running their errands.
  • Selling a product that is a desire not a need- The services that FES offers are not just a desire. People need what FES Agents have to sell to be able to refinance or buy a home, car, rent a home or apartment, and more.
  • Having to train your own team- FES provides the top training in the industry. The concept is to plug your new Agents into the training system and allow the top producers in the company to train your Agents. Also, FES trainings are not hype and not just motivational. Their trainings are filled with content about building a business.
  • Carrying inventory so people can try the product- no inventory is needed
  • Competition from other MLM’s in the same space- there is none
  • Low initial income- this may be the best part. An FES Agent can earn a $100 commission on a credit repair sale (Protection Plan Membership with credit repair), and $12/month residually. What other MLM company has a product or a service where one sale can result in that type of pay off? FES Agents can get themselves in a position on a part-time basis to be earning $4,000 or month or more in 90 days or less. Of course, results are based on the individual Agents efforts and time they put into the business. Click here for details and our income disclosure.

Contact Us About This Network Marketing Opportunity

If you are looking for an MLM or network marketing opportunity but want a company that is different, and has eliminated many of the pitfalls in the industry, FES just might be for you.

Contact Dale Guiducci, Vice President with Financial Education Services and owner of ERA Credit Services, an independent Agent of FES and United Credit Education Services.

For more information on the FES network marketing opportunity visit http://eracreditservices.com/credit-repair-business-opportunity/

Or call

Dale Guiducci
www.eracreditservices.com
(727) 222-0120
(619) 492-3040
info@eracreditservices.com