Boot Camp Essentials for New IACFB Members

July 1, 2024 Robert McMahon Business Start Up, Industry and Career Comments Off on Boot Camp Essentials for New IACFB Members
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IACFB Essentials

As a new IACFB Member and Boot Camp / Magazine subscriber, this short article will help you get the most out of your association with IACFB and help you chart a course to success as a referrer or Sponsored Agent.  One of your first benefits as a new member is downloading your Factoring 101 Broker’s Training Guide and setting up your Factoring 101 access to the Academy.

MEMBERSHIP 1: DETERMINE YOUR LEVEL OF INDUSTRY PARTICIPATION

At IACFB, there are four (4) levels of membership participation. Three use Boot Camp training and support; one uses full Academy training and support. 

  1. REFERRERS: These are very part-time industry participants with no investment in equipment or marketing. Our Boot Camp supports our referrers. 
  2. AGENTS: Agents operate almost identically as Referrers, except they are IACFB Subscribers.  That means they are supplied with Academy training, a WordPress Landing Page and a complimentary listing on the Directory of American Factors and Lenders. Our Academy Training, magazine archived articles, and web page supports all Agents.
  3. SPONSORED AGENTS: Although usually part-time operators, Sponsored Agents are more formal in their work habits and have a home office, computer, full professional website, business cards, etc. Sponsored Agents enjoy a stand-alone DataMax factoring broker website, our Academy Factoring 101, Factoring 202 and Factoring 303 support, as well as our magazine’s archived premium content.
  4. FACTORING BROKERS & COMMERCIAL FINANCE CONSULTANTS: Usually full-time factoring brokers, they have a professional home office, computer, and often a laptop, a laser jet printer, and an expansive website with a very active blog. Our Online IACFB Academy (Factoring 101, 202, and 303) supports our Commercial Finance Consultants as well as a DataMax “SuperSite” for lead-generation and support. 

At IACFB Agents, and Sponsored Agents are Network Subscribers. Factoring Brokers and Consultants are considered “Freelance” members. Members of the IACFB Network work with IACFB when submitting leads and deals, while freelance members work directly with industry factors and lenders.

MEMBERS STEP 2: REQUESTING YOUR IACFB CREDENTIALS

IACFB subscription is is very modest (see pricing). Once subscribed, you will need credentials (username and password) to access specific training and support areas; some require premium access and a charge. 

Magazine and Boot Camp Credentials (Referrers, Agents, and Sponsored Agents)

As an IACFB member, you will be provided with access to dedicated training materials where you will download your factoring guides. As with all individualsa requesting access, we typically request you first be a member of IACFB’s Member Forum (Group) on LinkedIn. 

IACFB Subscription Credentials provide you with access to the Factoring 101, 202, 303 training areas of IACFB Academy as well as to our premium contnet here at the magazine. To get started and full credentials and downloads as a Referrer, Agent, or Sponsored Agent…

  1. Go to IACFB Academy and SUBSCRIBE.
  2. Then go to the IACFB Network at www.iacfb.net
  3. From the MENU, select GET STARTED.
  4. Select your choice or “path” and sign up.  Referrers are FREE.  Small charge for Agents and Sponsored Agents
  5. Go to LinkedIn now. If you are NOT a current and existing LinkedIn member, join now.
  6. If you are already a LinkedIn member, join IACFB’s Broker’s Group (Campus IACFB Factoring). This LinkedIn Group acts as our “members forum,” where you can ask questions and get the latest IACFB and Academy updates.
  7. ENTER YOUR TRAINING AT THE ACADEMY (LOGIN)

Joining IACFB on LinkedIn is a manual process, BUT IT IS ESSENTIAL.

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MEMBERS STEP 3: WHAT ELSE YOU WILL REQUIRE TO GET STARTED 

The factoring and alternative commercial finance industry is an exceptional business for most entrepreneurs to enter. Other than entering as a simple referrer, you will need to have access to two pieces of equipment for your home office.

  1. You will ultimately need a laptop or desktop computer.
  2. You will need a printer or have access to one

MEMBERS STEP 4: DETERMINE YOUR LEVEL OF INDUSTRY PARTICIPATION

At IACFB, we recognize three levels of participation or “broker types.”

  1. REFERRERS: Very part-time industry participants with little or no investment in equipment or marketing. Our magazine supports referrers.  
  2. AGENTS & SPONSORED AGENTS: Although usually part-time operators, Agents and Sponsored Agents are more formal and have a home office, computer, website, business cards, etc. In additiona to our Boot Camp, all Agents and Sponsored Agents are IACFB Subscribers and are also now supported by our extensive Academy training facility. 
  3. COMMERCIAL FINANCE CONSULTANTS: Usually full-time factoring brokers, they have a professional home office, computer, and often a laptop as well, a laser jet printer, and an expansive website with a very active blog. Our Online IACFB Academy (Factoring 101, 202, and 303) supports our Commercial Finance Consultants. 

Find Out More and Get Started

Getting started with IACFB is not only exceptionally easy, but also affordable.  If you are seeking to enter and launch a home-business with exceptional income potenetial, further explore IACFB’s Agent or Sponsored Agents Program and the growing “Network” at IACFB.net.