What is “Boot Camp” for Magazine Subscribers?

Boot Camp at the Magazine

Boot Camp is Commercial Finance Consultants Magazine’s introductory training area for those individuals who have discovered our industry and its opportunities and want to learn more.  Boot Camp is a totally FREE Training Area provided by IACFB (International Association of Commercial Finance Brokers) and is designed to provide basic introductory training and industry information for industry referrers. Additionally, for those interested in taking their knowledge to a slightly higher level, we will show you how to partner with factors and also our commercial finance consultants, thus becoming Sponsored Agents. 

You will find Boot Camp, along with the many free articles in Commercial Finance Consultant magazine, provides basic training for

1. Those initially exploring our industry and its potential as a lucrative home business.
2. Commercial partners such as accounting professionals, commercial insurance agents, and others that occasionally refer a client for financing to earn a fee
3. Refers and Referral Agents seeking to generate leads and client referrals to professional factors. This can also include leads to commercial finance consultants as a part-time home business.

To access and enjoy our Magazine’s Boot Camp, you only need to SUBSCRIBE.  Other than this introductory Boot Camp article, you will need to log into the magazine to view other content in this article gallery.

Referrers vs. Sponsored Agents:  What is the Difference?

This is a common question when exploring our industry, but from IACFB’s definitions, it is very simple:

REFERRER:  Referrers are those individuals who periodically send a prospect or lead to one of our factors, one of our commercial finance consultants, or IACFB itself through our wholesale finance division.  Referrers are quite often bookkeepers, tax preparers, or similar and operative successful community enterprises.  In some cases, referrers are simply those who are slowly getting started with the industry.

SPONSORED AGENTS:  As the name implies, Sponsored Agents have a training sponsor. This is usually due to having provided a factor or one of our commercial finance consultants with leads or an actual client. Factors or consultants then sponsor these individuals to membership to the IACFB Academy for additional training and support such as…

• IACFB Factoring 101 and 202 Sponsored Agent Training
• a dedicated webpage on the commercial finance consultant’s (CFC’s) website…OR…
• An actual stand-alone agent website is provided by the factor or CFC.

In any case, the primary difference between Referrer vs. Sponsored Agent is the agent has proven to be “active“ and has already revenue generating clients for finance.

How to Use the Magazine’s Boot Camp Feature

Boot Camp includes dozens of informative articles on how to get started in our industry as a referrer.  It includes basic articles regarding factoring, small business finance, and how to become a booming industry referrer.  As an integrated part of Commercial Finance Consultant Magazine, it is also an in-depth method of entering the industry as a commercial finance consultant.

Investing in a career as an industry professional (Commercial Finance Consultant) requires some dedication, training, and profound commitment to achieve success. However, for those looking to dip their toes into the finance industry without making a full-time career switch, becoming a part-time referrer or Sponsored agent offers a highly flexible and rewarding opportunity for pennies a day. Starting as a referrer or sponsored agent allows individuals to leverage their existing networks and connections to generate attractive income while enjoying the benefits of a part-time home business. Let’s delve into the advantages of this role:

1. Flexibility: One of the primary benefits of being a referral agent is its flexibility. Unlike a traditional 9-to-5 job, referral agents have the freedom to work on their schedule, whether in the evenings, on weekends, or around other commitments.
2. Low Startup Costs: Unlike starting a full-fledged consultancy, becoming a referrer or referral agent requires minimal startup costs and, in many cases, ZERO EXPENSE. There’s no need to invest in office space, equipment, or inventory, making it an accessible option for those with limited financial resources.
3. No Formal Education Required: While becoming a Certified Commercial Finance Consultant necessitates specific training and certifications, serving as a referrer or agent typically does not require formal education. As long as you have good communication skills and a network to tap into, you can start referring clients and earning referral fees or commissions.
4. Passive Income Potential: Referral agents can earn passive income by simply connecting business owners in need of financing with the appropriate financial services or professional consultants. Once made, referrers can earn ongoing commissions without being required to manage client accounts actively.
5. Networking Opportunities: Serving as a referral agent allows you to expand your professional network and build relationships with other professionals in the finance industry. These connections can lead to future business opportunities and collaborations.
6. Work-Life Balance: As a part-time referral agent, you can maintain a healthy work-life balance by choosing how much time and effort you want to dedicate to your referral business. This flexibility is especially appealing for individuals with other personal or professional commitments.
7. Income Potential: While the income may vary depending on the number and quality of referrals, serving as a referral agent can provide a supplemental source of income. As you build your network and reputation, you may increase your earning potential over time.

Referrers:  How to Find a Sponsor

So, how can aspiring referrers get started and find a sponsor for this invaluable business opportunity? Fortunately, it is easy, and there are three (3) ways.

1. Request sponsorship by IACFB
2. Request sponsorship from an industry factor listed on the Directory of American Factors and Lenders
3. Request sponsorship by an IACFB professional commercial finance consultant (CFC).

Become an IACFB Referrer

To request IACFB sponsorship as a “referrer“ only requires you to sign up at IACFB Wholesale at http://www.iacfb.com.  From the website MENU, simply select REFERRALS and signup.  You can also download your Referrer’s Brokers Agreement.  We have a “LEADS“ Program, a FREE Website Program, and more.

Sponsored by Factor

Some factors utilize our Registered Guest Program to train referrers.  This program provides such “guests“ with 30-day free access to Factoring 101 product training at IACFB Academy.  To find a factor offering Registered Guest training, you can advertise your interest on the IACFB LinkedIn Group or view the profiles of factors on the Lenders Directories for those offering “In-House Training.“  Each factor’s agent or broker agreement is different. You will be provided a broker’s agreement based on the factor of your choice.

Sponsored by Commercial Finance Consultants

Many “professional“ commercial finance consultants“ are always seeking to build networks of in-house agents.  Each consultant creates their own unique program.  As with factors, the best method to locate a commercial finance consultant actively seeking new agents or referrers is to scour the Broker / Consultant Listings on the Lenders Directories or advertise your interest on the IACFB LinkedIn Group.

By partnering with a sponsoring Commercial Finance Consultant, referral agents not only gain access to high-quality training but also benefit from mentorship and guidance from seasoned industry experts. This partnership sets them up for success, enabling them to navigate the commercial finance landscape confidentially and effectively and serve their clients.

Get Started in Our Industry.  Sign Up for Boot Camp and Join IACFB’s Academy Group on LinkedIn

Enter Boot Camp here at the magazine.  It is completely FREE and only requires that you register by completing the REGISTRATION FORM on the right.

Whether you intend to enter our industry as a part-time broker (agent) or with full intentions of replacing your current 9-5 job with a highly professional and lucrative full-time career broker (consultant) in factoring and alternative commercial finance, you will utilize social media.  And when it comes to social media for our industry, LinkedIn is simply the essential media of choice.  If you are not a current LinkedIn member, not only should you join now but also join and follow the IACFB Group on LinkedIn to get notifications for additional important content.  Click the image below to join.