Sponsored Agent Training
Welcome to the IACFB Academy. This section of the Campus Academy is dedicated to providing our Sponsored Agents with training in the factoring products as well as links to important articles. Most lessons below also include short videos with detailed information. If available, a link is offered on topics which includes a YouTube VIDEOs on topics that we have published on that “play list” on that IACFB channel.
Sponsored Agent Setup
Although most look at theThe Sponsored Agents program to be a first step for those ultimately seeking a career as a professional consultant in alternative commercial finance, many of today’s mobile creatives view this program as just one of many that provide a very part time avenue for residual passive income. For those individuals, it is just one of many multiple income streams.
About Sponsored Agents
Available to Factoring 101 Freelance and Commercial Finance Consultants
Factoring 101 is a comprehensive Agent / Referrer training program that:
- introduces you to factoring and related products used by business finance consultants and brokers in the alternative commercial finance industry.
- provides you with the necessary marketing tools required to begin earning residual, life-of-account commissions in conjunction with your sponor.
During this training course, we will frequently reference articles that are published in IACFB’s magazine for commercial finance consultants. Take a moment to view our magazine and book mark its URL. (click here)
BOOT CAMP: The new Boot Camp training area is designed specifically to assist Sponsored Agents to becomes successful. Boot Camp at the Magazine will require a log in and it is exactly the same as your log in here.
Agent Setup / Operation
Available to Factoring 101 Freelance and Commercial Finance Consultants
All IACFB Members and Sponsored Agents operate with an SA-Series website. Its important to get your website operational as quickly as possible. Learn more about important features and options of these standard websites here.
The IACFB Group is made up of both Factoring Freelance Consultants as well as both Sponsored Agents and regular referrers. LinkedIn is an important source of networking for all those active in the industry. Make sure you are an active member of LinkedIn. Start immediately “connecting” with bank lending officers in your community. (click here)
IACFB is now active on YouTube and there are three (3) playlists currently…
As a Sponsored Agent, you should immediately subscribe to IACFB on YouTube to get the latest marketing content.
When entering the Sponsored Agents program through IACFB, you are provided with a WordPress Landing Page / Website which will have many features. You can learn more about how to access certain features such as your email and cPanel by…. (Click Here)
Most Sponsored Agents do not get involved with building email lists or CRMs unless you are entering with intentions of getting involved with affiliate marketing with your website. If so…you should set up this application as quickly as possible at MailChimp. MailChimp offers up to 2,000 emails for contacts FREE. Here is some “best tips” for set up by MailChimp on YouTube. (click here)
If you’re entering the training and are anticipating operating your business as a “Sponsored Agent” for IACFB, submitting your deals through IACFB Wholesale are easy. Simply click here to submit a deal or referral.
Basics of Commercial Finance Consulting
There is no question that a career as a freelance commercial finance consultant is exceptional by any measure. This IACFB course will provide you with all that is required to launch a career in this enormous industry quickly and successful for those entrepreneurs and mobile creatives with what it takes to meet the challenge.
Factoring Product Training for Agents and Boot Camp
Commercial Factoring
Invoice finance and how to deal with problems of cashflow dealing with slow paying customers.
Consultants will be interested in all types of business finance from asset-based lending to purchase order finance. But, with residual commissions paid by factoring, let’s explore factoring first. (Click Here)
Commercial Factoring is one of the oldest forms of business finance that can trace its roots of 4,000 years. Learn about this time honored financial product. (Click Here)
Like all types of businesses, many include their own jargon and terminology and factoring is the same. Here we discuss the terms of the industry so you can speak professionally with factors. (Click here)
When it comes to factoring, what requires the need for a factoring facility is because of the liberal terms of payment one company affords to another. It’s the terms of payment that cause the problem (Click Here)
While most factoring arrangements can seem to be “plain vanilla”, there are, however, some types and styles that are needed to provide the unique financing requested. Learn more. (Click here)
In factoring, the “Verification” process refers to the validation of the invoice requested for purchase. Unlike a bank with hard collateral, a factor is only secured by invoices. They must be real (Click here)
When financing a company based on an asset or assets, a lender will file a “security interest” in the assets as collateral for the loan or financing. This filing document, called a UCC-1 Financing Statement, is said to “perfect” the lender’s security interest in the collateral. (Find Out More)
Advance, Collection, and Rebates refers to the the basics of how a standard factoring transaction works in everyday life. For brokers, this is the “nuts and bolts” of a transaction. (Click here)
Most factoring is very straight forward and falls into the category of “Plain Vanilla”. There are, however, certain types of industries that require special handling by special factors. (Click here)
- Overview: All about factoring fees (click here)
- Factoring Fees in Windows Method (click here)
- Flat Fee Plus Interest Method (click here)
Commercial Factoring
Representing trillions of dollars in financing worldwide, factoring is recognize by all central banks.
As a consultant / broker, you will likely find many small business owner ask you what the benefits there are about factoring and why a company like theirs will factor accounts? ( Click here)
Because factoring is a purchase and sale arrangement and not a loan, qualifying tends to be much easier than qualifying for a loan. As a factoring broker you need to know the differences. (Click here)
When financing a company based on an asset or assets, a lender will file a security interest in the assets as collateral for the loan or financing. (Click Here)
While all those that understand that factoring is all about invoice finance, it is also important that the kinds and types of invoices are also critical. In short, all invoices are not the same (Click here)
Recourse and non-recourse determines what occurs when a factor purchases an invoice that is subsequently is not paid, (Find out more)
While invoices need to be verified before purchase, another problem can surface if a factor purchases two many invoices from a single customer making the transaction too risky (Click here)
Reverse Factoring (supply chain finance) is a factoring arrangement that is requested by the customer (the debtor) rather than the service or goods provider. A powerful tool for brokers (Click here)
Marketing for Agents
Being a Sponsored Agents is all about networking and simply being in the right place…at the right time…and being armed with the knowledge you will gather from here and the magazine.
Your DataMax Sponsored Agent website includes a VIDEO for lead generation and a FREE booklet. This is an exceptional lead-generating tool. Your job is to just create traffic to your site. (click here)
If you are active in your community with face-to-face networking, business card design is critical. Here is what we feel is best for your cards as a Sponsored Agent. (click here)
Most Sponsored Agents do not get involved with direct marketing. Door Hangers may be an exception. We now provide our Sponsored Agents with ready to print templates for door hangers.
If you’ve never run a blog…LEARN!
One of the side benefits of getting in our industry as a part-time agent is you will learn several new methods of earning money with your WordPress website and blogging is one. We have many articles about blogging on the magazine.
LinkedIn and Twitter are the most important names in social media for agents and that is because they will allow you to very easily “connect” with members of your local banking community as well as members of S.C.O.R.E. and your local SBDC.
Operating as a Sponsored Agent is all about controlling costs while you generate Sales Qualified Leads and let us land a deal or two for you. Additionally, your WordPress Landing Page supports Affiliate Marketing.
Begin Building Your Business Through IACFB
IACFB Agents Only
Marketing & Business
Set Up Support at Boot Camp
For Sponsored Agents, the IACFB Magazine is essential to help to stay abreast of opportunities in marketing and bonus programs made available periodically by IACFB or other sponsors. Boot Camp is the special series of articles to help you become successful.
Submit a Deal for IACFB Staff to Assist You in Closing
One of the moste important benefits that you have as a sponsored agent is your ability to simply generate a website lead and then have IACFB staff call that lead and close the deal for you.
How to Access Your cPanel, Business Email, and More
Your Sponsored Agent Word Press website has some very robust features and it’s a very good idea to learn more about your sites powerful Word Press dashboard.