Orientation at IACFB Academy
Learn About Your Opportunities at the Academy
Welcome to Orientation
Ready to learn about commercial factoring and the business of consulting in the alternative commercial finance industry? If so, welcome to the Academy and Campus at IACFB. Whether your goal is to add financing solutions to your business as an accountant or bookkeeper or you are one of today’s enterprising mobile creatives seeking a career as a professional freelance factoring broker / consultant, we welcome you as a member at IACFB, Taking a moment to read the articles below to learn more.
Become a Member of the Campus Academy
Complete Your Training
Join IACFB and attend the Training Academy. Learn form the classes and lessons in Factoring 101, 202, and 303 as well as the many articles in the IACFB Magazine and our 200+ page 5-Star Factoring Broker Training Guide.
Choose Your Path
Once you’ve complete your training, take and complete our Proficiency Exam to test your skills at Class Marker. Then select your industry path from Sponsored Agent, Freelance Factoring Broker, or Certified Commercial Finance Consultant.
Certified Commercial Finance
IACFB Sponsored Agent (Factoring 101 and 202)
This is where it all begins. Learn more about factoring and the business opportunities surrounding alternative commercial finance by simply joining IACFB. This is an exceptionally low cost program in which all members will have access to our comprehensive factoring training through…
- Factoring 101, 202 Online
- Free Factoring 101 Training Guide (PDF)
- Add-on Factoring 101 Training Guide (Bound + Print)
- Commercial Finance Consultants Magazine
- Discount (FREE) WordPress Agent Landing Page through DataMax
Sponsored Agent is a great way to get your “foot in the door” in this industry and begin to explore your passive income opportunities on a part-time basis. As you will learn, the factoring and alternative commercial finance industry welcomes all types of individuals, whether their intentions are to develop an exciting full time professional career with a six-figure income potential or just a strictly part-time, home based mobile creative individual exploring multiple passive income streams as a blogger of affiliate marketer, this industry welcomes you.
Freelance Factoring Broker Program (Factoring 101, 202, and 303)
The Freelance Factoring Broker Program is IACFB’s most popular program. This is a great program specifically for those NEW to the industry and while may be working in a different industry or vocation currently, have a goal towards a full time career as a freelance consultant. IACFB Freelance Factoring Broker is a program where we show you exactly how to get started in this exciting career, build your critically important networks for referrals, and become a success by landing your first deals and clients. All Freelance Factoring Brokers will utilize special DataMax FB Series websites with VIDEO sales capabilities and will team with industry professionals to help you land your first accounts. Program features include…
- Factoring 101,202, and 303 Training Program
- Factoring 101 Guide (print option available)
- Special Website Features Including VIDEO Salesperson
- Standard Industry Commission Rates by on Factor
- Affiliate Earnings
IACFB Certified Commercial Finance Consultant Program
(Factoring 101, 202, 303, and 404)
The Program “that sets the bar” when entering our industry with full time capabilities, the Certified Commercial Consultant Program is designed for “career” oriented entrepreneurs seeking to make factoring a true “profession”.
The The Certified Commercial Consultant Program takes our training to a completely new level by including…
- Factoring 101: Online support with video instruction for the Factori8ng Training Guide.
- Factoring 202: Marketing and Business Development: This is our popular ANNEX marketing material, how to set up campaigns, how to used Pipedrive CRM, cold call scripts, cover letters, mail stuffer, flyers, and more. This also includes how to build your business as a true “agency” using your ability to run your own in-house sponsored agent training program.
- Factoring 303: Continuing Education Module: Takes factoring to new heights with training in asset-based lending, SBA loans, purchase order finance, export trade financing, equipment leasing and much more.
- Factoring 404: This is a continuing education course and support class for the ultra-popular Discount Notes and Mortgages home-based opportunity as well as Affiliate Marketing Products.
Those entering this program utilizes a selected DataMax “SuperSite” to provide greatly expanded consumer product offerings through affiliates. Such products include mortgage loans, reverse mortgages, auto loans, credit cards, and much, much more.
Questions and Answers
The current cost of IACFB Membership is $99.95 Activation / Setup (one time) and then just $4.95 per month.
No. When we used to teach this course with “live” training for 3 days, we had many refer to this has a “college level” course and well worth the effort and cost (it was over $5,000). The internet makes these types of courses much, much easier to deliver. Learning the products is not very difficult at all.
All members at IACFB benefit from our Learning Lab which includes access to the Agent’s Program. This is an excellent program that includes all the training required to begin marketing using online networking (social media) and is an excellent program for affiliate marketers and bloggers as well.
Many IACFB members are referred by industry factors for training and those members will typically then direct their prospective clients to their “sponsoring” factor. Most others such as affiliate marketers and home-business “tycoons” use IACFB. Freelance Consultants select factors and lenders from the IACFB Directory of Factors and Lenders (over 500)
Well, the proper term in the industry is “Clients”, but you will learn factoring terminology in the courses. To answer your question, almost all Sponsored Agents strictly network, getting referrals for qualified leads. Freelance Commercial Finance Consultants use a CRM (we train you on Pipedrive CRM) to build lists of prospects who they mail to and cold call. In the factoring and the alternative commercial finance industry, polls taken each year recognize that rough 50% of all new clients are the result of some kind of networking and the other 50% are the result of direct marketing. Our Freelance CFCs still use networking for at least 50% of their marketing but also use direct marketing is used as well.
Yes! We provide all types of specialized websites for Factoring 101 as well as “SuperSites” for Freelance Consultants. We also provide special website for Affiliate Marketing Agents as well as WordPress Blogs for new to the blogging industry. We almost do not understand why everyone does not have an easy to operate blog with affiliate links for multiple streams of income. Remember, factoring income is residual income.
100%: The success rates for existing practicing professionals such as bookkeepers, accountants, lending officers, lease brokers, etc. is literally 100%. Once trained and equipped with some factoring knowledge, it is almost impossible that the opportunities do not present themselves to earn referral fees. Remember, these referral fees are RESIDUAL!
100% As with existing professionals, if you are operating a successful blog that incorporates some business finance content, it is almost impossible for you not to uncover some opportunities that contact you regarding your content posts on factoring and business finance. For NEW bloggers, IACFB provides you with the “core” knowledge to help you create your blog and begin earning note only brokered residual commissions but also all types and forms of affiliate commissions.
50%: We estimate that roughly fifty percent of those that enter the business through IACFB and the Factoring 101 Program / IACFB Agent are ultimately successful and, of course, you need to define “successful” as it relates to income. Factoring 101 / IACFB Agent is a part-time vocation and has a primary focus on face-to-face networking and social media networking. If you are a “networking guru”, this is the program for you and you will do well. If you sit at home watching the “Housewives of Wherever”…you will not.
All Freelance Consultants (and some Factoring 101 Brokers) will absolutely require a CRM (Contact Relationship Manager) to manage their leads for business. You will have thousands over time. You cannot manage that without a CRM. Years ago at IACFB we searched out a quality CRM that was affordable and easy to use and after some significant “sleuthing”, we selected Pipedrive because it was perfect for the needs for consults. There are 4 different plan for Pipedrive. The plan we recommend is about $35 per month. Again, Bloggers, Affiliate Marketers, and Agents are “time and place” networkers to generate leads so they typically do not use a CRM. Career Freelance CFCs and Factoring Brokers cannot operate effectively without a CRM of some kind. We provide a FREE 30 days access with an IACFB recommendation of Pipedrive.
Become an IACFB Member
Get involved in this great industry. Become an IACFB Member and begin learning the industry. This is the perfect way to get your “foot in the door” in the lucrative business of factoring and alternative commercial finance brokering.