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 made $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 stationery, envelopes, and business cards 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:
MONEY AVAILABLE FOR BILL CONSOLIDATION, HOME REPAIR, BUSINESS EXPANSION, ANY WORTHWHILE PROJECT. CALL JOHN JOHNSON - 423-8821.
(This ad would be used to "pull" borrowers) 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)
(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 consider ation. When the loan is granted, you collect your Broker's Fee - a predetermined percentage of the total loan figure.
(TYPICAL FEE AGREEMENT FORM)
YOUR NAME AND ADDRESSAGREEMENT 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 loan is obtained.
Date: _________________ Borrower: ________________________________________
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