Business funding is the same idea as a traditional small business loan.
Since the last recession about 10 years ago, banks just don’t like to take the risks on small business loans like they used to.
If you try to get a small business loan you’ll have about a 20% success rate from your bank.
Most small businesses have no idea where to turn when it comes to getting a loan for their business.
This is where you come in…
I’m sure you’ve heard it before, you know the story, “I’m sorry, but I can’t afford your services because I simply cannot invest that much into my digital marketing.”
Now if you were to help that business secure funding not only would you earn a commission from the lender, but you could also then land them as a client and have them pay you what you deserve to provide digital marketing services for them.
It’s a win-win proposition!
In fact if you look at it like this you’re actually double-dipping. You’re getting that commission from the lender and getting paid by the business to help them grow.
How sweet is that?
The best part to all of this is there’s exactly no risk to you.
And you don’t need to be licensed or anything like that to refer businesses to these non-bank lenders.
Oh and did I mention that about 8 out of 10 businesses who apply get approved?
Yep you read that right, nearly 80% of businesses get approved by these non-bank lenders.
That means you just need to find potential leads who are willing to take on a loan to improve their business.
In case you’re wondering there’s nothing unethical or shady about this.
Anyone can do this!
So why not take advantage of this and offer it to local businesses you know and want to help?
You’re probably wondering who these non-bank lenders are…
Offline consultant Mike Paul has just put out a new digital product called Local Freelance Funding Formula.
In his course he outlines exactly what you need to know to be successful using this weapon in your arsenal.
Business funding will always be necessary and has been around for years.
This is not some fly by night idea.
Once you pick up Mike’s training, please leave me a comment below and let me know how this service has helped you be more successful.