If you are looking to start your own business, hit the door running and be quickly profitable, take a serious look into the credit repair business. The failed American economy left over 80 million consumers with terrible credit and not enough people with the proper knowledge on how to fix their bad credit.
The entrepreneurial spirit still lives as hundreds have tried to cash in on this lucrative business. Unfortunately, most of those are simple “mom & pop” businesses and have neither the knowledge or experience to get the job done. Consequently, the credit repair business has really taken it in the shorts when it comes to reputation.
Most of the credit repair businesses around today do offer referral fees amounting to just a few dollars over the internet to a couple hundred dollars for an individual sale. Not really enough to make a living. There are a hand full of companies that offer you a credit repair start up opportunity. Most sell credit repair software and you do all the work, both the sales and the case work and customer service work. Or you can buy a franchise for $10,000 to $25,000 which most people are leary of and you still do all the work. Problem is, once you have a lot of clients it becomes all about the case work and the sales stop. You could hire someone to do this, but now you have overhead and there goes profitability.
Recently, there are a handful of companies like 911 Credit Relief, that offer no-hassles solution. You concentrate on sales and they do all the case work and customer support. They typically provide all of the basics, from a website and marketing material to training and on-going coaching to grow your business. With that kind of support, no previous knowledge and experience are necessary.
If you have an entrepreneurial spirit and a self-starter attitude, you owe it to yourself to check out this hot growing business.