HOW TO START A MONEY BROKERAGE BUSINESS
....and Earn $100,000 a Year, Collect
Large Fees Helping Others....and Borrow
All the Money You Need....
Becoming a Money Broker is one of the easiest and most
rewarding endeavors available. Virtually anyone can become a
Money Broker with the smallest investment. You can start this
business on a part-time basis, and earn large "Finders Fees," or
open your own office and work full-time with absolutely unlimited
income potential. Until very recently, the "secrets of money brokering" were
closely guarded and known only to a few select bankers, investment
corporations, and business consultants. No other business offers
the potential income figure for so little investment! As an
example, starting with less than $100, some money brokers have
$100,000 their first year in the business! This is the ideal way
for a man or woman to supplement his or her present income, or
change professions after a period of time. It is an absolute
"dream-come-true" for the semi-retired, or retired office worker. There is hardly another business requiring less than $100 in
start-up cost that can put you into a six-figure income bracket so
quickly. None of them give you the power, prestige, or
status - the respectability in your community - equal to that of
the Money Broker. To get started, you'll need envelopes, business cards and
stationary with your own letterhead. When ordering, be sure
to include your phone number. Also, have copies made of your Fee
Agreement. We have presented a typical Fee Agreement form (which
you may duplicate after eradicating the instruction we have given
in the blanks). As we have stated, the investment in this business is small;
when you have your stationery, envelopes, cards, and the Finder's
Fee Agreement in hand, you have spent part of it. The other part
will be discussed now, because you have to "find" both borrower
and lender to really get underway. Once you have your "working paper," you will run some
advertisements in your local paper under the headings "Money
to Loan," or "Business Opportunities." Typical ads might read:
BUSINESSMAN NEEDS CAPITAL FOR EXPANSION.
EXCELLENT COLLATERAL AND REFERENCES. CALL
JOHN JOHNSON AFTER 4:00 PM - 423-8821.
(This one would be to attract lenders)
In response to the calls or letters from prospective clients,
you will have to be prepared (really be prepared by practicing)
with the proper answers and sales pitch - i.e., (to the
prospective borrower): "Yes, this is John Johnson. Thank you for
calling. First I will explain how we operate. I'm a money
broker, Mr. (USE HIS NAME). I bring you, the borrower, and the
lender, together. I have many different money sources available -
banks, insurance companies, private investment groups of doctors,
dentists, lawyers, and other professional people. My sources are
in business to make money by lending out money. Let's see - I
need to determine your needs and the purpose of the loan in order
to properly prepare the necessary financial papers for formal
presentation to the best suited lenders. I may have to take your
loan request to as many as ten different lending groups in order
to get the loan for you. Once I have an approval on your loan
request, I'm paid anywhere from 2% to 10% of the total loan
figure... important for you to remember, though, is that I don't
get paid unless I get the loan for you. I do, however, charge a
$100 non-refundable Application Fee to cover my expenses in
preparing your request for loan papers and presenting this
portfolio to the lenders. In a nutshell, that's how these types
of loans are negotiated. Now then, how much money will you need?"
(Note that five successful registrations per week will bring
you $500 each week.)
This is where you begin to acquire the information you are
going to need to proceed - the amount of money needed - purpose of
the loan - terms borrower wants for repayment - and a profile of
his background... education, employment record, date of birth,
Social Security number, marital status, general health, and number
of dependents.
Next you type this information onto the proper forms,
assembling all into a portfolio and presenting it with a cover
letter to at least five different lenders for their consideration.
When the loan is granted, you collect your Broker's Fee - a
predetermined percentage of the total loan figure.
YOUR NAME AND ADDRESS
AGREEMENT FOR FINANCIAL SERVICE
The undersigned, __Borrower's Name__ , hereby appoints, __Your
Name__ , as his Agent and authorizes him to submit to lenders
financial data and information supplied by the borrower, for the
purpose of the lender of making a loan or investment direct to the
undersigned. The undersigned agrees to pay to __Your Name__ a fee
of ___% of the amount of the loan or investment obtained. The
undersigned hereby pays to __Your Name__ as a non-returnable fee
for the time involved to appraise the feasibility of loan
requested; this fee is separate from any other fees due, if a loan
is obtained.
Date: ______________ Borrower: __________________________________