Boot Camp is Commercial Finance Consultants Magazine’s introductory training area for those that have discovered our industry and it’s opportunities and simply 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 and also the partners of our commercial finance consultants known as “Sponsored Agents”. Boot Camp, along with the many free aerticles in the magazine, provide basic training for
- those first exploring the industry and it’s potential as a lucrative home business
- commercial partners…those such as accounting professional, commercial insurance agents, and others that occasionally refer a client for financing to earn a fee
- referral agents…those that provide leads and client referrals to professional factoring and commercial finance consultats as a part time home business.
To access and enjoy our Magazine’s Boot Camp you only need to SUBSCRIBE. Other than this Boot Camp article, to view other content in this article gallery you will need to log into the magazine with your magazine “CREDENTIALS”.
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 that will 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 most often bookkeepers, tax preparers, or similar and operative successful community enterprises. In some cases, referrers are simply those that are slowly getting started with the industry.
SPONSORED AGENTS: As the name implies, Sponsored Agents have a training “sponsor”. This is usually due to already providing a factor or one of our commercial finance consultants who now sponsor their membership at the Academy. In many cases an agent’s sponsor will provide the agent with…
- IACFFB Factoring 101 and 202 Sponsored Agent Training
- a dedicated webpage on the commercial finance consultant’s (CFC’s) website…OR…
- a stand alone agent website 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 successful industy referrer. As an integrated part of Commercial Finance Consultant Magazine, it is also an in-depth method of entering the industry as acommercialfinanceconsultiant.
Investing in a career as an industry professional (Commercial Finance Consultant) requires some dedication, training, and serious commitment for success. However, for those looking to dip their toes into the finance industry without making a full-time career switch and becoming a part-time referrer or Sponsored agent offers a highly flexible and rewarding opportunity for pennies a day. Starting our 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:
- Flexibility: One of the primary benefits of being a referral agent is the flexibility it offers. Unlike a traditional 9-to-5 job, you have the freedom to work on your own schedule, whether it’s in the evenings, weekends, or around other commitments.
- Low Startup Costs: Unlike starting a full-fledged consultancy, becoming a referrer or referral agent typically 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.
- No Formal Education Required: While becoming a Certified Commercial Finance Consultant necessitates specific training and certifications, serving as a refers and agents typically do 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.
- Passive Income Potential: Referral agents have the opportunity to earn passive income by simply connecting client leads with the appropriate financial services or professional consultants. Once the referral is made, you can earn commissions without having to actively manage client accounts or projects.
- 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.
- 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.
- 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 even increase your earning potential over time.
Referrers: How to Find a Sponsor
So, how can aspiring referrers get started and find a sponsors for this invaluable business opportunity? Fortunately, it is easy and there are three (3) ways.
- Request sponsorship by IACFB
- Request sponsorship from an industry factor listed on the Directory of American Factors and Lenders
- Request sponsoreship by an IACFB professional commercial finance consultant (CFC).
Become an IACFB Referrer
To request IACFB is sponsorship as a “referrer” only requires you signup 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 provides those “guests” 30 day free access to Factoring 101 product training. 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 /brokers agreement is different and you will be provided your agreement based upon the factor of your choice.
Sponsored by Commercial Finance Consultants
Many “professional” commercial finance consultants” are always sweeking 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 confidently navigate the commercial finance landscape and effectively serve their clients.
Get Started in Our Industry. Sign Up for Boot Camp and Join IACFB’s Academy Group at LinkedIn
Enter Boot Camp here at the magazine. It is completely FREE and only requires that you register by completing the REGISTRATION FORM at 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 essential. If you are not a member, not only should you join now, but also join and follow the IACFB Group on LinkedIn to get notification for addition important content. Click the image below to join.
