RESOURCE CENTER AN INDUSTRY OVERVIEW

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Welcome to Campus IACFB
Campus IACFB is designed to assist all DMS subscribers and other members in attaining a truly professional level of education in the industry of factoring and alternative commercial finance.  For some, career goals may initially be modest due to limiting factors such as the need for income from a current job.  Others will be able to devote 40 hours or more per week to their new profession and will excel early on.  Regardless of which category you fall into, the trainings and tasks assigned can easily be completed by all.

About the Industry
The factoring and alternative commercial finance industry is expansive and amounts to many hundreds of billions of dollars in financing each year domestically.  Worldwide, the industry provides financing totaling many trillions of dollars annually.  Many who are beginning these training sessions are here to learn more about the "Industry Jewel", factoring, but there are many more opportunities in alternative commercial finance including asset-based lending, purchase order finance, equipment leasing, and import-export trade solutions just to name a few.  Some. especially those focusing on practicing "part time" may limit their energies toward factoring.  Those seeking a more "full time" career will expand their horizons and venture into other areas.

Operating Costs
The costs associated with operating your consultancy will vary greatly depending on just how you operate.  Most consultants focus heavily on networking to generate new accounts and will therefore incur those costs associated with organizational memberships and participation.  Those that focus more on direct marketing will incur associated costs for mail, advertising, etc. Since most consultants are home-based in the beginning, office expenses are minimal.

Income Potential
By any measure, the potential for earning an attractive income as a broker in the factoring and alternative commercial finance industries is exceptional.  It is not, for example, unusual for a part-time broker to earn $50,000 or more per year in commissioned compensation.  Experienced full time professionals can earn 5 times that amount as they build their books of business up over the years.

Kinds of Industry Participants
What you will need for industry success will, to a large degree, depend on your goals.  And, there are many kinds of brokers / participants out there.

Full Time Career Professionals:  A suit and tie business much like that of a banking professional.  Focuses heavily on direct marketing as well as networking to generate leads.

Part-Time Broker:  Typically is simply adding commercial finance sourcing to his or her current profession in accounting, insurance, business brokerage, etc.

Marketing Professional:  An expert in online marketing, networking, and social media and earns commissions strictly through referral.   (more)

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