If you're looking for a "professional" home business that features residual income paid for the life of your referred account, then look no farther than that of becoming a freelance consultant in the commercial factoring industry.
Never heard of it? That's no surprise. This is an industry that is well under-the-radar when it comes to business opportunities and although YAHOO's "Hot Jobs" discovered it a few years back giving it a "Top Ten" rating, even they were not fully aware of what they had discovered.
Factoring is a powerful form of small business finance used worldwide to solve problems of cash flow related to invoice finance. More specifically, factoring allows a business owner to grant 30, 45, 60 days payment terms to its customers, but enjoy immediate payment from the factor in advance. Terms of payment attract customers but can cause shortages of cash while you wait for checks. But waiting for slow paying customers to pay is over with factoring.
Just as banks have lending officers that bring in loan business, factors have BDO's or Business Development Officers that source new clients for the factoring firm. Unlike banks, factors also recruit independent consultants to source business for their firm. Typically called "factoring brokers", this group of unique freelance professionals are much sought after in the industry and earn exceptional commissions for their referrals. And not only that, but the commissions aren't normal commissions. These are "super" commissions because they are paid on a residual basis and for as long as your referred client uses the services of the factor. This is often 5, 7, even 10 years or longer. Imagine referring a single client and earning a commission for your referral for 10 years.
Quality training in this profession is critical and unfortunately has been relatively difficult to obtain in the past. That is no longer the case with IACFB (International Association of Commercial Finance Brokers) where exceptional training is available through our e-learning online Campus for under $100.
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An exception niche of home-business consulting that is recession resistant and features residual commission income paid for the life of the account.