All About IACFB Challenges

IACFB Broker Challenges

What Are IACFB Challenges?

Plain and simple, “challenges” are periodic contests for our IACFB Members or Subscribers.  Challenges are typically sponsored by..

  • IACFB Wholesale
  • IACFB Academy
  • Member industry factors

Challenges can provide..

  • Prizes and Awards
  • Enhances Commission Payouts
  • Bonus Payouts
  • Training Promotions

Challenges are a great way to learn more about our exciting and profitable industry and a super way to enjoy free training, product discounts, and commission bonuses. We always have at least one Challenge active every month.

Viewing  and Keeping Track of Active Challenges

Keeping abreast of “current” IACFB’s Challenges and their prizes and awards is easy with four (4) avenues…

  1. IACFB MAGAZINE CHALLENGE SPOTLIGHT:  Information regarding “Active  Challenges” will typically have a magazine post that introduces the challenge and describes its rules and awards.  The link to active challenge posts is located in one of the two magazines, “SPOTLIGHT” widgets, in the upper right corner of the Home Page.
  2. ACADEMY CONTEST LINKS:  If you are an IACFB Academy member with Academy credentials, the login page Table of Contents provides a link to all active industry contests.
  3. LINKEDIN GROUP:  The IACFB’s LinkedIn Group (Forum) will not only have details and links to content, it will also post WINNERS as they are announced.
  4. IACFB ACADEMY PROMOTIONS PAGE: A “Promotions Page” is always “active” at the broker training Academy and quite often will promote a current challenge, although the Promotions Page is not limited to that.Factoring Broker

SQL Challenges

Some of the most famous periodic challenges sponsored by IACFB are SQL (Sales Qualified Lead) Challenges or contests related to generating leads.  SQL Challenges pave the way for the newest IACFB magazine subscribers to not only get their foot into the door regarding the industry but to also their first residual commissions.  With all SQL Challenges, new “referrers” only need to identify a sales-qualified lead and introduce themselves, and IACFB staff does the rest, following up on the lead and closing the deal. The referrer then earns a commission.

SQL Challenges also tend to run longer and allow new industry referrers to earn awards.  It is not unusual for a SQL Challenge to award prizes for 3-6 months or even more.

Specific Client Industry Challenges

Industry challenges are most often “Flash Challenges.”  They always involve a Bonus Commission of some amount for submitting a new SQL for a new prospect operating in a “Specific Industry.”  For example, a referrer or agent will be paid an immediate “Bonus” of $250 for submitting a new Commercial Janitorial client.  Challenges tied to bonus commissions for specific industry submission always relate to actual commissions being paid so relate to client acceptance and not jusat a sales qualified lead.

Check the Magazine for Challenges Often

Since there is ALWAYS at least one challenge “active”at all times at IACFB, viewing IACFB Magazine’s Challenge Showcase is the quickest method to check if a current lead that you have qualifies for a prize or bonus commission.