How Much Money Will I Make in the Cash Flow Business?

 

 

 

 

 

 

 

It’s a fair question.

We find it’s the most popular with someone just starting out with cash flow notes. It’s also the most difficult to answer.

Nobody wants to just hear, “Well, that depends.” So here are Read more

Three Big Secrets to an Online Cash Flow Business

Here is the real deal: Most Cash Flow Consultants DO NOT have a strong online business.

You probably know the Internet is the place to be with your cash flow business. It is open 24/7 and it can work tirelessly providing you leads and getting your name out there. You may even have a website already in place.

Chances are, if you are like most cash flow consultants, you have little presence, no presence, or horrible presence. The latter just might be the worse.

There is nothing worse than building a web page, launching it, and seeing nothing happen. Where is the traffic? Where are the leads (and consequently, the deals)?

The good news is there something you can do about it!

Although I could write an entire book about what is wrong with some sites, here are the top three things that can improve your web presence and build you more contacts right away.

1. Does the site look unprofessional? - This is just a fancy way to ask if the site is ugly. I got it, you wanted to use pink or show a picture of your granddaughter at Disney World. Go get your own personal blog and put that stuff there. If you are trying to convey you can handle financial transactions, leave the flowers and Hello Kitty pictures at home.

Searching for a professional looking website for cheap? Check out the templates provided by StudioPress. Their themes run on a WordPress blog platform (which is free). I purchased the Pro Plus All Theme package and it has paid for itself 100 times over! Sign up for StudioPress Here.

2. Do you have too many cash flows? – You and I both know we have the ability to handle many different types of cash flows, including real estate notes, factoring invoices, structured settlements, and the list goes on. Your client is only interested if we can handle their specific cash flow or need.

If I put an advertisement in the paper that said, “I mow lawns and clean pools” you might give me a call. If your website is the equivalent of, “I mow lawns, clean pools, fix cars, and perform plastic surgery” you have too much info.

Consider having a different site for each cash flow you work with (see why I said “developer package” in #1). Don’t worry about the cost. I use HostiCan – providing unlimited websites for one hosting price! Sign up for HostiCan Here.

3. Are you keeping in touch? – If you are not collecting names on the Internet and emailing useful information on a regular basis (but not too often) you are missing deals.

I use Aweber. In addition to managing your database, Aweber can split test email campaigns using different sign up forms.

Aweber is a very powerful tool that goes way beyond name collection. They also have a ton of helpful videos. Sign up Here.

Having an online cash flow business can be a very rewarding and profitable venture. But you must conduct yourself professionally and use the right tools. It took me many years to get a handle on the Internet, and many more to find the best tools. Hopefully you will find these resources as useful as I have in building your cash flow business online.

Obtain Pricing on Notes in 3 Easy Steps

What is a fair price for a cash flow note in today’s market? Here are 3 easy steps that brokers and sellers can use to receive pricing before they sell a note. Read more

Top 7 Benefits of Working in the Cash Flow Business

You may have heard a little about the cash flow industry in magazines, on television, or from a friend. You may be wondering if it is something right for you to pursue.

Here are the top 7 benefits of working in the cash flow industry (in no particular order).

1. Work When You Want – Although working in the cash flow industry should be treated as a business, it is a flexible one. You set your hours. Are you a morning person? Ta Da, you get to work mornings! Are you a night person? Ta Da, you get to work more during the evenings. Perhaps you want to golf in the morning or pick the kids up from school in the afternoon – you just need to work around your own schedule and meet the needs of your customers.

2. Funders Are Very Helpful – Most of the work (I mean as much as 80%) is really spent “finding” deals. Once you have found a viable cash flow deal many Funders and Master Brokers will be glad to help you close the deal and handle most of the paperwork.

3. Work From Home – Over 90% of all cash flow professionals work from their homes. This not only saves money, it also provides you some flexibility. Like when the cable repair person will only give you a window of 10:00am – 4:00pm to come by (no taking the day off work)! Read more

Delinquent Debt – How to Make Good Money With Bad Debt!

 

For better or worse, the United States economy runs on debt.In fact consumer credit alone totals over 2.4 trillion dollars (Federal Reserve August 2009 statistical release).That doesn’t even include the big-ticket items like mortgages, commercial debt, and business loans!

Now think about the state of the economy and the never ending reports on delinquencies, slow pays, and bad debt.If you are looking for the opportunity in this dismal economy…. think delinquent debt!

Sound crazy? Think it through: Read more

Investor Spotlight: Seller Financing Mentor Program

Western Capital Investments, Inc. is offering a unique mentor program for cash flow brokers specializing in owner financed notes.  Note Investor (NI) recently interviewed Lynda E. Vaillancourt (LEV), President, to learn more about her company’s services and investment parameters. Read more