The Factor’s Agent Program , like IACFB’s Sponsored Agent Program offers identical membership access at IACFB and provides basic factoring training (Factoring 101) for for part-time brokers and consultants. Unlike the IACFB Program, the associated cost of the Factor’s Agent training is completely subsidized by the agent’s sponsoring factor.
Typically, Factors Agents will be home business entrepreneurs active in their community through clubs and organizations and will also often be very active on social media. Factors Agents will work directly with and submit financing prospects directly to their industry sponsor which will either be an associated factor or a factor’s BDO (Business Development Officer).
Many Factors Agents are active bloggers and look at the Sponsored Agents Program as simply one of many very lucrative affiliate programs, but one that pays an exceptional residual commission.
Another popular group entering the Campus e-learning training center through the Sponsored Agents Program is accounting professionals such as bookkeepers, tax preparers, QuickBooks ProAdvisors, CPAs, and others.
The Factors Agents Program at is a unique and basically FREE program with sponsorship paid for by your sponsoring factor. The Factors Agents Program is directed towards part-time referrers and for those individuals just getting started and entering the industry part-time typically due to current job limitations. Some participants may, however, have the intent of becoming full time freelance consultants in the future.
Factors Agents will typically be home business entrepreneurs active in their community through clubs and organizations and also be very active on social media. Additionally, this program is perfect for tax preparers, bookkeepers, Quickbooks ProAdvisors, and other accounting professionals seeking to expand their services and better serve their clientele.
Unlike freelance brokers and consultants, Factor’s Agents are strictly “lead generators”. IACFB Members who are Freelance Brokers and Consultants will both generate leads and then prospect those leads to close deals. Factor’s Agents generate leads, but the prospecting and deal closing is left to the factor’s BDOs. Leads generated through networking and social media “qualify” themselves using the Agent’s Landing Page (provided) and either requesting an offer of additional information or by requesting a conference call with an a factors BDO. Although they are certainly free to do so, Factors Agents are NOT expected to engage in costly direct marketing campaigns, but will simply develop and refer periodic qualified leads to their sponsoring factor by being active in their community, face-to-face networking, being active on social media, and most often simply being in the right place at the right time and armed with the necessary factoring knowledge provided by the program.
Although the Factors Agents Program is designed to be strictly a program for networking and lead-referrers, agents are provided with a comprehensive selection of classes and lessons chosen from Campus Factoring 101 Training Program. Standard access to the Campus and Factoring 101 is 30 days. Those that opt for the marketing package upgrade (website and Factoring 202) have unlimited access.
To enter the Factors Agents Program and training, you simply need need to set up your account through your sponsoring factor’s “Training Profile Page“. The normal cost for this program is just $99.95. Once we receive your request form, we will upgrade your permissions to the Campus and notify you via email. To find a participating factor for this free program, visit the IACFB’s LinkedIn Group.
Unlike career professional freelance members who will typically work 40+ hour weeks, Sponsored Factor’s Agent members are quite different, simply working when and as often as they like. Agent members operate as an entry-level, completely flexible home business opportunity that centers 100% around simple lead generation. In short, everything about the program is about you, as the agent, generating leads and then letting your factor’s BDO (Business Development Officers) do the rest.
How to submit leads for follow up.
It’s important to remember, as a sponsored agent, you are NOT responsible for selling or “landing the deal”. That is your BDO’s job. You are only responsible for generating the lead through your landing page or through your normal networking or marketing. In the case that you have a lead you have generated from another source, qualify the lead, have them complete a “Company Profile”, and send it to your factor’s BDO for closing and contracting.
Commissions paid on accepted referrals are paid monthly by your sponsor and usually around the second Friday of each calendar month but never later than the 15th. This depends on the particular factor. Agent commission rates are most often…