Ed Vigil Factoring Interview Free mp3 download  "Listen...I've been searching this kind of information for over two years. Then one day, by accident, I stumbled across this site, it totally impacted my life and changed my mind-set about completely. " Jim Davis a true disciple of Michael Senoff

The Little-Known Career That Could Earn You More Than $40,000 A Month… Without A Degree Or License

An Interview With Ed Vigil 

Whether you need a major career change or just a little side money, being a factoring broker could be just what you’re looking for. Ed Vigil has been working as one since 1991 and makes well over $40,000 a month in residual income doing it. It basically involves selling cash flow to businesses, and here’s how it works. 

A factoring firm buys small businesses’ accounts receivables, giving them cash today on invoices they’d otherwise have to wait on. For example, let’s say a janitorial firm has an account with IBM that pays every 90 days. They could wait for their cash, or they could go to a factoring firm and get most of it right away. Getting it right away allows them to put money back into their business more times a year – and maybe actually grow in this economy. 

The factoring firm takes a percentage off every receivable it buys and, as a broker, you make a percentage off of that. This is money you get for the life of every deal, so it’s residual income that adds up quickly. And in this audio, you’ll hear everything you need to know to get started, along with all of Ed’s shortcuts and tips for making money right away.

You'll Also Hear...

  • The “Coward’s Cold Calling Method” Ed uses on every deal, and a step-by-step look at how he finds clients and lands deals

  • Common misconceptions about factoring debunked – why credit scores don’t matter, why the IRS works with tax-delinquent businesses when it comes to factoring, how factoring is different from debt collection or a depository institution, and more

  • A cold, hard look at how banks have begun to treat small businesses – and why so many of them are turning to factoring nowadays

  • All the terms you need to know to look like an expert such as “advanced rate, reserve, fee, nonrecourse vs. recourse firms” and more

  • How much you can expect to make as a broker, and the one realistic goal you’ll want to shoot for right away 

  •   How to get banks to refer you to the customers that get denied a line of credit – why most will want to do this and exactly what type of bank to go after

  • The advantages of only working with 2-3 factoring firms (even though you could sign onto many) – and a couple broker-friendly factoring firms you may want to contact first

  • Examples of some of the creative ways people use factoring (believe it or not… you can sometimes use it as a cash down payment when buying a business)

  • California does require a license. The only state that does. But, it is not the same or anything like getting a real-estate license.

 In this economy, many good businesses are in trouble simply because they’ve been denied loans and lines of credit, and are forced to sit stagnant. Factoring gives them the cash flow they need to increase profitability so they can survive... and even grow. Ed says it’s easy to get started as a broker because factoring firms are not only friendly to newbies – they pretty much walk you through the process. And in this audio, you’ll hear everything you need to get started.

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