The FactorMax Systems...
The most popular training package whether you're seeking a prestigious new career or simply entering the industry to augment the income from your current profession.
Now in its 4th edition with over 175 pages of factoring industry knowledge, the FactorMax "Broker's Guide to Factoring" is a training essential for all those serious about earning the near legendary residual commission income from this "Jewel" of the Asset-Based Lending industry.
Package includes your choice of any FB series Factoring Broker website. Hosting required.
HOW WOULD YOU LIKE TO COMPLETE ONE TRANSACTION AND BE PAID
24 to 36 TIMES?
Diversify Your Note Business -
Learn Factoring Now!
Factoring is the sale of a company’s account receivables (invoices) to a funding source at a discount off the face value in return for immediate cash. The funding source is known as the Factor.
The process typically works like this: A company delivers a product or service and issues an invoice to their customer. Without factoring, the company has to wait between 30 to 90 days to get paid. This usually causes cash flow problems for the company. With factoring, the factor immediately purchases the invoices and advances an initial payment for the invoices. In most cases, the company receives cash within 24 hours after the services are invoiced. When the customer pays the invoice, the payment goes directly to the factor.
How does the broker get paid?
Brokers get paid a percentage of the factoring company’s fees. These fees are generated each time the factor purchases invoices. Factoring arrangements are set up for usually one to three years on average.
This means that you will be paid every month, for 2 to 3 years on average, just for completing one factoring deal.
Here is how it works: You find a client (corporation or individually owned company) who wishes to sell his or her outstanding invoices for immediate cash. Let’s assume that your client averages $200,000 in generated invoices per month. Let’s also assume that the factor requires a 3% fee for factoring these invoices.
This translates into a $6,000 monthly fee for the factor on this one client. The factor will then pay you 10% of his fee (or $600) for this one transaction.
Factoring deals are worked out so that the client will factor his/her invoices for at least one year (usually 2 to 3 years on average). This means that you will be paid the $600 every month for 24 to 36 months, on average.
24 months X $600 = $14,400 (for one transaction)!
36 months X $600 = $21,600 (for one transaction)!
How many transactions can you do?
If you found just one new client every month like the one above, you would be making a monthly income of $7,200 within a year’s time! Now you can see why factoring is a very popular income stream to work with and an excellent complimentary business for your note business.
Remember: The factor will not deal with a company unless they agree to factor a set amount of invoices each and every month for at least 12 months. You are guaranteed a great income!
Factoring of Accounts Receivables is a billion-dollar business in the United States. Invoices are created daily (millions and millions of dollars worth of them) and now you too can be a part of this great industry. Since banks aren't lending right now, Factoring is booming!
Partner with Aegis Factors
Through this special one-time limited offer, you can get set up as a factoring broker and become one of Aegis Factors' independent consultants. Everything that you need to get started is included in this offer.
When you sign up for this outstanding program you will receive:
• "Brokers Guide to Factoring" Training Manual
• Conference Call Support
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