HOW TO START
A MONEY BROKERAGE BUSINESS
Earn $100,000 a Year, Collect
Large Fees Helping Others....and Borrow
All the Money You Need....
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
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!
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.
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.
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).
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.
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:
AVAILABLE FOR BILL CONSOLIDATION,
HOME REPAIR, BUSINESS EXPANSION, ANY
CALL JOHN JOHNSON - 423-8821
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
one would be to attract lenders)
to the calls or letters from prospective clients,
you will have to be prepared (really be prepared by
practicing) with the proper answers and sales pitch
- i.e., (to the prospective borrower): "Yes,
this is John Johnson. Thank you for calling.
I will explain how we operate. I'm a money broker,
Mr. (USE HIS NAME). I bring you, the borrower, and
the lender, together. I have many different money
sources available banks, insurance companies, private
investment groups of doctors, dentists, lawyers, and
other professional people. My sources are in business
to make money by lending out money.
see - I need to determine your needs and the purpose
of the loan in order to properly prepare the necessary
financial papers for formal presentation to the best
I may have
to take your loan request to as many as ten different
lending groups in order to get the loan for you. Once
I have an approval on your loan request, I'm paid
anywhere from 2% to 10% of the total loan figure...
important for you to remember, though, is that I don't
get paid unless I get the loan for you.
however, charge a $100 non-refundable Application
Fee to cover my expenses in preparing your request
for loan papers and presenting this portfolio to the
lenders. In a nutshell, that's how these types of
loans are negotiated. Now then, how much money will
that five successful registrations per week will bring
you $500 each week.)
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.
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)
NAME AND ADDRESS
AGREEMENT FOR FINANCIAL SERVICE
_____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.
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.
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