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Pointers to Increase Your
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Pointers to Increase Your “Cash Flow” Profits
Would you like to receive $100.00 five years from now or $50.00 today?
Most of you would agree that receiving the $50.00 today is a much better option. This is, in essence, how the cash flow note industry works. You match a seller (someone who’s receiving monthly payments) with a buyer (someone who wants to purchase the seller’s monthly payments for a lump sum) and then collect a fee for making the match using no monies of your own.
How profitable can this be? Note brokering is a $350 billion dollar industry. In fact, if it were possible for you to find and purchase $1 million dollars worth of notes every day, you’d need more than 700 years to find them all!
Now before you go thinking that an opportunity like this will make you rich overnight, consider the following 3 essential pointers for cash flow success.
· Follow up – If you want success, you must be persistent and you must be willing to build relationships. Unless sellers and buyers come to know and trust you, it is highly unlikely they will ever do business with you. A one time encounter via email or the phone is not enough. In fact, according to the National Sales Executive Association, the majority of successful deals are made on the fifth contact or higher.
· Use Referrals – When you build rapport with business people in related industries (CPAs, attorneys, title clerks, builders) it will encourage them to contact you with those they encounter who have notes for sale and quite often, a referral network can be developed for free.
· Focus on “Easy Access” – Although you can find high dollar cash flows secured by large commercial buildings or retirement properties, it’s much more realistic to work with a $50,000 note than it is to try to pick up a $500,000 deal. Concentrating on notes with lower balances is a much better strategy for long term profits.
Want a step-by-step easy to follow blueprint for achieving success in the cash flow industry? Then check out www.icantstopmakingmoney.com and work with the best in the business.
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Marsha Sneed reviews quality business opportunities and online resource tools that can be used effectively by newbies and experienced marketers alike to reach their marketing and financial goals. She can be reached at jcsneed@onebox.com.
