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You’ve got to invest time and commit to this deal. I think it was a $10,000 commission that I sent out just sitting there because I’m finding the deal. I was sitting at my computer paying a referral broker. I’m on the beach with my iPad or with my laptop and my phone and I’m still doing bills at the show in Vegas in the middle of one of the talks there in Vegas. I try, I vacation probably five times a year and some of those vacations are working vacations. I live, eat, and breathe this stuff and you and I would laugh at the beginning of our interview about how much I travel. If you’re expecting to make $100,000, absolutely. I think some people just see it as a side thing that they can just do whenever they want and they can just come here and there. Just like anything that requires specialization, spending time and I believe taking ownership. Gross revenue.Īnd this is a one person shop so you don’t have lease, you don’t have 15 employees, so it can certainly be done by being yourself pretty much being a consultant and the opportunities right there if you choose to take it. So like I said this year we did a little under $200,000… had some issues going on health wise, so wasn’t able to fully get the full year, but I’m usually between $220,000 and about $310,000 as annual revenue. My numbers monthly are anywhere from $18,000-$40,000 a month.
Yeah, I consistently hit numbers like that. So is that a one-off number that you do one every three years or if you consistently get numbers like that? 15, 20, 30, $40,000? Right? And you’ve been doing this role for right now, so what is the potential, I know the report, for example, I know you released your numbers last month, it was like over $30,000 or something like that. So for those who obviously a lot of the people, I like yourself in mind, entrepreneurial people are financially motivated.
Working on my tax stuff a couple of weeks ago and I think I hit a little over $190,000. I think this year for the first time in about 3 or 4 years, I dipped right below $200,000 for a one person shop. But since probably over the last 4-5 years, my income has remained steady. I closed one or two deals back in ’09-2010 and just kind of got my start there and probably over the last few years got a real strong footing with the merchant in the merchant cash advance space. So I got involved with commercial real estate and commercial finance and I guess probably maybe 10 years ago I got, I dabbled a little bit in MCA when it was first introduced to the market. It’s not as probably the mortgage industry about 20-25 years residential mortgages, and when the big boom happened and the cheese moved, so to speak, from residential mortgages, I had to move with the cheese. Well I guess I’ve gotten about 30 years of finance experience as in like a lot of the veterans, I got my start in the mortgage industry. So why don’t we just start with that, Cheryl, where you start off a little bit about yourself and where you started and where you are right now for that generalist transitioning to a specialist area, which is very key. She picked a vertical and going after that. So one thing I know that doing this long enough does not always equate to success, but I just wanted to add that she’s been doing it successfully for a long time and she did the right thing. So as we have a lot of new people and we also have a lot of veterans too, so veterans already know who you are, Cheryl, an industry veteran has been doing this for a while very successfully. So I’m glad that you’ve made yourself available, Cheryl, great to have you here. With the holiday season, we finally made it happen. Hey, Cheryl.Ĭheryl and I have known each other for a while now and we’ve been trying to schedule this call for a while, but her schedule is crazy. I have a very important guest with me, Cheryl Tips. You will close deals, but you will get your deals stolen, you will sell on rate, you will lose deals because everyone is calling on the same list, you will have to work 8-16 hours a day to make a living.Hello, everyone. But if you are serious about what you are doing and you really are committed to build this as a solid business, you can’t keep using what worked in 90’s and expect to build a healthy business.
If you want to be a part of that 90%,great, I just gave you the recipe. That’s exactly what each person who gets into this industry does, and more than 90% of them don’t survive their first year. I’ll get to the point… If your plan to starting and growing your Merchant Cash Advance business is to lease an office, hire a bunch of sales people, buy UCC data and have them dial all day long to close deals, I am sorry, but you are in trouble. Internet Marketers Arsenal: FREE Download IM Big Courses, WSO Products, IM Tools & more… | Let's Make Millions Online