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FAQ

Questions and Answers about factoring broker training
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The business of freelance consulting in the invoice factoring and alternative commercial finance industry is one of the most unique and under-the-radar opportunities available to those seeking a truly professional home-business career path.  With the exceptional training programs offered by IACFB, it is also one of the most affordable and the IACFB training is something that almost everyone can benefit from.

We’ve assembles some very common questions asked about the industry and the opportunity on this page.

Frequently Asked Subscription Questions

What Programs Do You Offer

IACFB offers the most comprehensive and affordable training and support available to those home-based mobile creatives entering the factoring industry as independent brokers and consultants including…

Sponsored Agent Training:  This is the perfect way to enter the industry as an agent sponsored by an IACFB member factor or IACFB itself and IACFB Wholesale Operations.  Sponsored Agent provides FREE introductory training along with a very low cost agent Landing Page and business email.   Click here to explore Sponsored Agent. 

Freelance Factoring Broker:  The Freelance Factoring Broker Program at IACFB is a program designed for those individuals seeking to turn occasional factoring client referrals (and residual referral commissions) into a true business.  This program is easily entered part-time but most who do have intentions of developing this into a full time business.  Explore Freelance Broker here.

Freelance (CFC) Commercial Finance Consultant:  The CFC Program takes IACFB members to the ultimate level of business and training by expanding product areas and business development expertise. Additionally, most CFCs will expand their businesses by 

Additional marketing training and Pipedrive CRM support and set up assistance are available as the “Freelance CFC Program”.  The Freelance CFCProgram includes:

  • a professionally designed WordPress website
  • DataMax Gold Hosting Plan with SSL Certificate
  • 25 Email Boxes for building your group of Agent sub-brokers
  • “Friends with Benefits” Affiliate Program
  • Pipedrive 30 day free trail and set up assistance
  • Additional marketing assistance

How do I subscribe and get started as a factoring broker?

Getting started with training at Campus IACFB is very easy and basically all you need do is register.  All registered members are provided with Sponsored Agent training at the Learning Lab which is enough for you to begin testing the waters and even sending deals into IACFB.

Can I Start as Sponsored Agent and Work Into Being a Freelance Consultant?

Yes.  In fact, that’s what we recommend.  Having a sponsor or working directly with IACFB will provide you with a bit of mentoring and someone you can ask a question to.  Once you have landed a few deals and have your feet solidly planted in the industry, making the transition to freelance broker is simply a matter of upgrading and expanding your website. 

What is a Master Broker?

Master Brokers are typically CFC consultants with years of experience and will help those with less experience to close deals.  Master brokers often provide “boots on the ground” help and are able to actually make a personal call on a prospect you are having difficulty in closing.

How Difficult is this business for the average person?

It is not a difficult business to learn at all and especially with the help of all the lessons and classes in the Campus.  It is a business that, however, takes some time to mature and time to develop.  You need to be the type of entrepreneur that has patience and will stick with the concept until the business begins to roll in.  Success as a factoring broker means a six-figure income and six-figure incomes don’t grow on trees. 

Frequently Asked Training / Business Questions

How Difficult is This Business?

It is not a difficult business to learn at all and especially with the help of all the lessons and classes in the Campus.  It is a business that, however, takes some time to mature and time to develop.  From a career standpoint, this is a very professional vocation.  You need to be the type of entrepreneur that has patience and will stick with the concept until the business begins to roll in.  Success as a professional factoring broker is not that difficult to achieve.  It means a six-figure income, however, and six-figure incomes don’t grow on trees.   Referring a very occasional client you stumble onto from networking is very, very easy once you are trained and know what to look for.  Developing a career that generates, say, a new client each and every month is like any other consulting business and will take work and personal development.

How important is a CRM?

If you are career-oriented and not simply looking for some training for an occasional referral, having a CRM (Customer Relationship Manager) is critical.  As a freelance broker or consultant, you will be building lists of prospects and referral sources.  We’re realistically talking about thousands of names here.  You cannot possibly manage that kind of number without a CRM.

  • REFERRER or SPONSORED AGENT:  No CRM necessary
  • FREELANCE FACTORING BROKER:  Critical
  • FREELANCE COMMERCIAL FINANCE CONSULTANT: More than critical

Can I Start as Sponsored Agent and Work Into Being a Freelance Consultant?

Yes.  In fact, that’s what we recommend.  Having a sponsor or working directly with IACFB will provide you with a bit of mentoring and someone you can ask a question to.  Once you have landed a few deals and have your feet solidly planted in the industry, making the transition to freelance broker is simply a matter of upgrading and expanding your website. 

What is a Master Broker?

Master Brokers are typically CFC consultants with years of experience and will help those with less experience to close deals.  Master brokers often provide “boots on the ground” help and are able to actually make a personal call on a prospect you are having difficulty in closing.

How Difficult is this business for the average person?

It is not a difficult business to learn at all and especially with the help of all the lessons and classes in the Campus.  It is a business that, however, takes some time to mature and time to develop.  You need to be the type of entrepreneur that has patience and will stick with the concept until the business begins to roll in.  Success as a factoring broker means a six-figure income and six-figure incomes don’t grow on trees.