Article on Factoring

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Position:  

Accounts Receivable Specialist

Earnings:  

$30K Per Year - Working  12 to 20 Hours a Month

How?  

Business Development - Locating Business who may or may not have poor credit history, yet have large invoices they need to Factor

Methods Used to Seek Out Clients: 

Email, Database Marketing, Web Sites, Blogs, Research and/or Telemarketing

What Types of Businesses Use Factoring?

Temporary Employment Agencies, Distributors, Manufacturers and most Government Contractors

The potential is overwhelming AND there is hardly any one working the field.

Email your interest and get started today.

I personally work no more then 10 hours a month using database email marketing and earn an average of $19,000 USD per year (Reported to IRS on 1099s)    Because of my mobile tax service, I do not spend as much time as I should in Accounts Receivable.  That's where you come in.

There are over 33.4 million businesses in American according to IRS statistics.  Over one half of these businesses will need Factoring (Accounts Receivable Funding) at some point within their business cycle.

The potential is overwhelming - No Fees Involved the Lenders Pay You

 

Your clients will always be your clients and often times they Factor their Invoices  over and over.  To ensure that you receive ALL of your commission you can contact YOUR client to find out the status of his/her funding.

How You Are Paid?  

Example of Compensation:

Your Client: 

  • XYZ Company manufactures widgets for the State of Texas. 
  • The State of Texas owes XYZ $800,000.00
  • XYZ is a good company that has an opportunity to manufacture the same widgets for the State of California.  However, the cash flow is such that they cannot start another major project until they receive payment from the State of Texas.
  • You refer them - The Finance Company provides up to 80 to  92% of the Total Invoice amount to XYZ company within a week.
  • The Finance company collects $517,000.20 of the Invoice amount the following month.
  • The fees the Finance Company charges XYZ for the use of the monies is based upon time and specified rates.  The fees were $23,896.00
  • If this were your account, your compensation would be $2,367.52 for referring the client the first month and the balance of your fees will be mailed each month until the total Invoice is paid. Plus reoccurring factoring transactions.

XYZ Company leveraged their invoices to fund their growth, without incurring debt.

Fees range from 1.5 to 3% of the total invoice amount.  AR Specialist are paid 9 to 12% of the fees the Lender receives.

Email your interest and get started today.

Who Succeeds in this Business?

  • people who are persistent
  • people who make a commitment
  • self-motivated individuals
  • online marketing  / business development persons
  • or people who are comfortable with the telephone
  • people who already have a study income from other sources, yet want to build a new career with unlimited earning potential

To get a better understanding the work opportunity please review the following web pages:

  • http://www.taxeswilltravel.com/ar.htm
  • http://www.taxeswilltravel.com/international.htm
  • Article on Factoring

***

History of Factoring

Understanding Invoice Factoring and how it works can change the path of your small Business.  Factoring has been practiced for centuries.  The Romans sold promissory notes at a discount as did the Phoenicians.  The word "factor" comes from Latin, the language of Rome.  It means "to do" or "to make."   The Pilgrims journeys to America were financed by advances from a Factor who provided the funds to pay for the journey.  The Pilgrims repaid the money with earnings from America.  Factoring to this day is an extremely common business practice in Europe whereas many American business men have never heard of it. This year alone thousands of businesses will Factor billions of dollars in accounts receivable, and they are doing it for profit, growth, and in some cases, their very survival

 

Respectfully,

C.  Ingram

Email your interest and get started today.

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