... and earn $100,000 a year, collect large
fees helping
others,
and borrow all the money you need ...
Becoming
a Money Broker is one of the easiest and most rewarding
endeavors
available.
Virtually
anyone can become a Money Broker with the smallest
investment.
You
can start this business on a part time basis, and earn large
"Finders
Fees", or open your own office and work full time with
absolutely
unlimited income potential.
Until
very recently, the "secrets of money brokering" were closely
guarded
and known only to a few select bankers, investment
corporations,
and business consultants.
No
other business offers the potential income figure for so little
investment.
As
an example, starting with less than $100, some Money Brokers
have
made $100,000 in their first year of business!
This
is the ideal way for a man or woman to supplement his or her
present
income, or change professions after a period of time.
It
is an absolute "dream-come-true" for the semi-retired, or
retired
office worker.
There
is hardly another business requiring less than $100 in start
up
costs that can put you into a six figure income bracket so
quickly.
None
of them give you the power, prestige, or status - the
respectability
in your community - equal to that of a Money
Broker.
To
get started, you'll need stationery, envelopes, and business
cards
with your own letterhead. Be sure to
include your phone
number.
Also,
have copies made of your Fee Agreement.
We
have presented a typical Fee Agreement Form (which you may
duplicate
after eradicating the instruction we have given in the
blanks).
As
we have stated, the investment in this business is small; when
you
have your stationery, envelopes, cards and the Fee Agreement
forms
in hand, you have spent part of it.
The
other part will be discussed now, because you have to "find"
both
borrower and lender to really get underway.
Once
you have your "working paper", you will run some
advertisements
in your local paper under the headings "Money to
Loan"
or "Business Opportunities".
Typical
ads might read:
MONEY
AVAILABLE FOR BILL PAYMENTS, HOME REPAIR, BUSINESS
EXPANSION,
ANY WORTHWHILE PROJECT. CALL JOHN
JOHNSON 12345. (This ad would be used to "pull" borrowers).
BUSINESSMAN
NEEDS CAPITAL FOR EXPANSION. EXCELLENT
COLLATERAL AND REFERENCES. CALL JOHN
JOHNSON AFTER 4pm 12345. (This one would be to attract lenders).
In
response to the calls or letters from prospective clients, you
will
have to be prepared (really be prepared by practicing) with
the
proper answers and sales pitch - i.e. (to the prospective
borrower):
"Yes,
this is John Johnson. Thank you for
calling. First I'll
explain
how we operate. I'm a money broker. I bring you, the
borrower,
and the lender, together. I have many
different money
sources
available - banks, insurance companies, private investment
groups
of doctors, dentists, lawyers, and other professional
people. My sources are in business to make money by
lending out
money. Let's see - I need to determine your needs
and the purpose
of
the loan in order to properly prepare the necessary financial
papers
for formal presentation to the best suited lenders. I may
have
to take your loan request to as many as ten different lending
groups
in order to get the loan for you. Once I
have an approval
on
your loan request, I'm paid anything between 2% to 10% of the
total
loan figure - important for you to remember, though, is that
I
don't get paid unless I get the loan for you.
I do, however,
charge
a $100 (or $25 or $50) non refundable Application Fee to
cover
my expenses in preparing your request for loan papers and
presenting
this portfolio to the lenders. In a
nutshell, that's
how
these types of loans are negotiated. Now
then, how much money
will
you need? (Note that five successful
registrations per week
could
bring in between $125 and $500 each week).
This
is where you begin to acquire the information you are going
to
need to proceed - the amount of money needed - purpose of the
loan
- terms borrower wants for repayment - and a profile of his
background;
education, employment record, date of birth, marital
status,
general health, and number of dependants.
Next
you type this information into a proper format, assemble it
into
a portfolio with a cover letter, and present to at least five
different
lenders for their consideration.
When
the loan is granted, you collect your Broker's Fee - a
pre-determined
percentage of the total loan figure.
_________________________________________________________________
(TYPICAL FEE AGREEMENT FORM)
YOUR
NAME AND ADDRESS
AGREEMENT
FOR FINANCIAL SERVICE
The
Undersigned
(borrowers
name)
hereby
appoints
(your
name)
as
Agent, and authorizes him to submit to lenders financial data
and
information supplied by the borrower, for the purpose of the
lender
of making a loan or investment direct to the undersigned.
The
undersigned agrees to pay to
Your
Name
of
the amount of the loan or investment obtained.
The
undersigned hereby pays to (your name)
a
non-returnable fee of $ ...... for the time involved to appraise
the
feasibility of loan requested; this fee is separate from any
other
fees due if the loan is obtained.
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