We’re coming up on our 7 year anniversary of starting our credit repair business. In those 7 years I have spoken to over 2,600 people that have called me with a desire to start a credit repair business themselves. Each one of them struggling with the regulations and red tape of getting their credit repair business started. I’ve told each of them the same thing. You can start a credit repair business today by doing it the same way I did.
Some of those people followed my advice. Others continued to do research only to discover that surety bonds, pulling credit, merchant services and other road blocks were too much to overcome. They eventually realized that, even if they could wade though and overcome these hurdles, that it takes too much time to operate the business alone. And hiring staff just wasn’t practical based on the profit margins in the credit repair industry. So, they quit trying. They gave up on the idea entirely.
Grow a Credit Repair Business as Large as You Desire
I received a call yesterday from a man in Georgia who had started a credit repair business a year ago using software from Credit Repair Cloud. He went through all the training. He started marketing his business and got clients. To an outsider it would seem like he was doing well. Except that because he had to do all the work of analyzing credit reports, drafting dispute letters, and generally delivering the service to his clients, he could not grow his business any further. He stopped that business and was calling me because he realized that with our business model, he could scale his business as large as he desired.
What It Takes to Start a Credit Repair Business
There are 2 major issues to overcome to start a credit repair business. The first is all the state and federal regulations. And, then finding a way to pull credit for clients. Then finding a merchant services company to work with you to allow you to take credit and debit card payments.
The 2nd major issue is then finding the time and having the expertise to do marketing, sales, and service delivery without a staff. Or, affording to hire a staff to do some of the work for you on the profit margins generated in the credit repair business.
With our business model none of those are issues at all. Our company delivers all the services to your clients. They pull credit, draft dispute letters, send out the letters and provide customer service to the client 12 hours a day Monday through Friday. They also take payment from the client via Visa, MasterCard, American Express, Discover or debit card.
And, because our company is a 501(c)3 non-profit, and you represent our company, you are not subject to the Credit Repair Organizations Act (CROA) laws. You do not need to purchase a surety bond or register in any state. And, you can do business in all 50 states. Your market expands to the entire U.S..
Your focus then becomes marketing and sales only. If you are good at marketing and sales you not only can do very well, but you can scale your business to any level you desire. In fact, you can bring on Agents all over the country that will generate revenue and income for you. The company actually pays you a bonus to do so.
We Train You Every Step of the Way
You’ll have training on how to go out and generate business. We show you how to generate referrals. Then we’ll share with you the most effective way to sell to a customer prospect. And, if you do bring on other Agents, we’ll train them as well.
And here’s the icing on the cake. Because it’s all built and has been since 2004, you can start a credit repair business today. We can have you into our online training program immediately. This program doesn’t teach you have to draft dispute letters. We have a large expert staff that does that for you. We’re going to train you on building a credit repair business that is affordable ($288 to start), sustainable (you have help building it), profitable (you keep what you make because your business expenses are very low), and scalable (build it as large as you desire).
Get the Details of Our Business Model
For further information and to learn all the details visit Credit Repair Business Opportunity. There you will find a 21-minute video. You’ll get 90% of your questions answered. Then you’ll want to book a phone appointment with me. You’ll see a tab that will bring up my appointment calendar. Just pick a day and time that works for you. We’ll get on the phone and see if our business model is a good fit for you.
When you’re ready we’ll get you set up with websites, your online training, our private Facebook Group, and our weekly live training. Are you ready to start a credit repair business today? If so, visit Credit Repair Business Opportunity. Talk to you soon.
I hope you got value from this post. That is my goal. If you did, you can get notified of new blog posts as I publish them. Just enter your Name & Email Address. “Please know that I do not distribute my subscriber’s information”. – Dale Guiducci
This is the 3rd in a series of blogs discussing how to run a successful credit repair business. We started with marketing because it’s so important and what everyone seems to want to know about. “How can I generate leads for my credit repair business”? We’ve already covered 2 very important topics, Warm Market and Generating Referrals from Professionals in Credit Related Industries. You can read those blog posts and see the associated videos at ERA Credit Services Credit Repair Blog.
This blog is about Business Networking. Many of the same tips will apply to meeting and developing relationships with real estate agents, mortgage brokers, and others that need clients with a good credit score.
It’s All About Exposure
It’s imperative to expose what you do to as many people as possible. And you want to be time efficient. So, how can you accelerate the process? You want talk to a lot of people that know a lot of people and have influence. Typically, business owners and people in sales that work for large companies know a lot of people, have influence, and are good talkers. So, go find these people and make sure that they know what you do. Where can you go and find a lot of business owners in one place and meet a lot of them in a short period of time? In business networking groups you’ll meet a lot of people in one place that need to know what you do.
Visit their websites to see if they have a chapter in your area.
The World of Business Networking
Go to Business networking meetings. Business networking is crucial when getting your business started. I believe that in learning how to run a successful credit repair business, it’s one of the most important things you can do. There is a whole new world of networking out there that is waiting for you to discover it. Now, there always has been business networking. When my Dad owned a business in our hometown, he was a member of the Rotary Club. I remember going to a Rotary Club meeting with him and what I recall is all men gathering around and talking about what guys talk about. But they also developed a bond and realized that supporting and getting support from other business owners was very important.
When I started my working career in the 1980’s I joined a LeTip networking group. Like a lot of national or even international networking groups, it was more formal, and members were expected to show up each week and bring leads for their fellow members. Looking back, it was a bit too formal for me. I prefer a more relaxed atmosphere.
Business Networking is for Every Business Owner
Today business networking is much more open to everyone and there are a ton of different types of groups out there. When I started my credit repair business in 2012, I went to a lot of group meetings and settled into the ones I enjoyed the most. I suggest you do the same thing. Go to many. Ask people that you know if they know of any business networking groups you could go to. They typically will if they are a business owner. Go with them or go on your own. There’s nothing like walking into a room full of strangers and being asked by a lot of people what it is that you do. You’ll get good at your response very quickly.
A website you should visit to look for groups to attend is www.meetup.com. There is likely to be dozens, if not hundreds of groups you can choose from. I would choose something fairly close to home and that meets at a time that is convenient for you. If it’s far and you’re pushed for time you may find it easy to make excuses not to go.
Tips for Networking
Here’s some advice for you before you attend your 1st meeting. Part of learning how to run a successful credit repair business is learning how business should be done. Practice what you’ll tell people about what you do. Some people call it an elevator pitch. And, you’ll need to have different versions of it. You’ll need a one-minute version for when it’s your turn to stand up and tell the group what you do. You’ll need a 30 second version for quickly sharing with someone when you’re socializing after the formal part of the meeting or if there is no formal part of the meeting.
When you do get to stand up and share your business you must do what I’m about to tell you. Tell them who it is that’s your typical customer. And, tell them who it is that your looking to partner with. In your case that’s going to be real estate agents, mortgage brokers, etc. You have to tell people why you’re there. Don’t think they’ll figure it out on their own.
Your One Minute Speech
Here’s an example of a one-minute speech at a networking event. Make sure you’re wearing a big smile so people realize how happy you are to be there. Smiles can hide nervousness too!
“Good evening everyone! My name is Dale Guiducci and my company is ERA Credit Services. We specialize in helping people improve their credit score and other areas of their finances. We are a nationwide company with an A+ BBB rating and my concentration is right here in the Tampa, St. Pete, Clearwater area. We also work with real estate agents, mortgage brokers, bankers and solar companies to help their clients that get turned down due to credit score, become qualified buyers. So, I’m here to ask that if you know anyone in these professions, that you let them know about me so I can set up a time to talk with them about helping them close more transactions and make more money in 2019. It’s great to be here and I look forward to meeting you all individually. Dale Guiducci, ERA Credit Services.”
That’s it. Write out something like that for yourself. Practice, practice, practice. Your preparation and knowing this cold will help you overcome any nervousness. I know I get nervous sometimes still. But I know it so well I can get it anyway and no one even notices.
If It Scares You That’s Another Reason to Do It
If you would rather run out into traffic than stand up and speak for a minute I totally understand. I was that person. Well, not really. I’d rather not put my life in danger, and neither would you. But if it makes you nervous here’s 2 things to keep in mind. You need to get passed it. Your nervousness is holding you back. Not just from speaking. It’s a self-confidence issue. The only way I found to get passed it, is to do it. Over and over again. To learn how to run a successful credit repair business you should learn how to be comfortable speaking in front of people. Once you do get passed it you’ll feel like a million bucks and your confidence will take a giant step forward.
And, keep this in mind. Most of the people there get nervous too. It’s not like you’re the only one. If your nervousness shows, so what? You can even tell people it’s your first time and that your nervous. They’ll support you. Not be critical of you.
The Importance or Not of Business Cards
You’ll also need business cards. Now, I rarely have business cards with me. It doesn’t phase me when someone asks me for a card and I don’t have one. I apologize for not having any and get their card. Never forget this. You’re not there to hand out cards. You’re there to collect other people’s cards! You want to be in control of being able to call them on the phone and rekindle the conversation you started with them at the meeting. But when you’re new at this and probably nervous to begin with, you don’t need the added pressure of feeling like you’re unprepared without business cards.
Here’s another tip. Never hand out your card unless you are asked for a card. Don’t be that person that runs around handing out their cards. Trust me. It’s the fastest way to turn off everyone in the room.
Keep the Conversation About Them
When you’re speaking to someone keep the conversation about them and their business. You might think, “Well wait a minute Dale. Aren’t I there to let people know what I do”? Yes, you are. But before you do that you want to get people to like and trust you first. Then when you do tell them what you do, they’ll be more accepting and interested. And, there’s no better way to get someone to like you than letting them talk about themselves. You’ll have ample opportunity to introduce your business. They’ll typically ask you. If they don’t, you’ll get creative and find ways to weave it into the conversation. This is a huge tip!
A bonus to going to business networking meetings is that they typically have a member that’s in real estate, one in mortgage, and one in banking. These are key contacts for you. You’ll most often get their attention when you have your one minute to stand up and explain what you do.
Follow Up with People
When you do meet people that you feel can drive business your way, follow up with them. Don’t expect they’ll send business your way right away unless you get to know them better. Set up a time to drop by their office. Or, meet them for lunch or coffee. Now that you’ve met them the ice has been broken. They’ll be very open to meeting with you individually.
As I mentioned, visit many groups. You’re not going to “feel it” with every group. Some are going to be more stuffy than others. Others will be more fun. Some will be more open to new members. That’s just the way it is. If you go to your first meeting and don’t have the best experience, don’t let that deter you from going to others. Over time you’ll get comfortable with the people in the group. They might even become your friends.
My last tip for how to run a successful credit repair business is a big one as well. Always keep in the back of your mind why you’re there. You’re there to get business. Yes, you want to be sociable. But learn to identify people that are in networking groups because they need a social outlet. They can waste your time. Identify those that are friendly enough but are there to do business just like you are.
Learn More About How to Run a Credit Repair Business
I hope you got value from this post. That is my goal. If you did, you can get notified of new blog posts as I publish them. Just enter your Name & Email Address. “That is the only email you’ll get from me and I do not distribute my subscriber’s information”. – Dale Guiducci