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And a Quick Podcast episode about one of our partners:
The story of one passionate entrepreneur whose mission is to help people build their dream business
Oz (Oguz) Konar is a multiple seven figure business owner and consultant to thousands of individuals, helping them create and design their dream lives through building successful businesses
Oz is regularly featured on publications such as Entrepreneur and Huffington Post. He’s also the author of 2 books and speaks at national and international events several times a year.
His training programs are responsible from creating multiple 6 and 7 figure earners and helped countless people quit their jobs and become hyper profitable entrepreneurs.
Right after college, I noticed that the dream of landing a solid job that would pay me a six figure salary, just because I have a college diploma was a total illusion and I really had no real skills to be hired by anyone.
Once I accepted that reality, I found a job at a restaurant as a busboy that turned into me doing everything from washing dishes, to cooking, to busing and also serving tables for the next 4 years. Since that wasn’t paying enough to make a living, I found a side sales job, that was 100% commission and required me to cold call all day and whenever I had time, I was required to telemarket in my car.
Then I met my wife. Soon after we met, we got married and moved into my parent’s basement since I couldn’t afford to pay rent on my own.
My next sales job had an actual office that required me to show up every morning. I had my own cubicle and I was responsible from doing outside cold calling 3 days of the week and do telemarketing for the remaining days. When telemarketing, on average I was calling 250-300 people per day non stop. (That’s not fun at all, in case you were wondering)
Those were the years of constant grind and hustle just to survive. But as I climbed the latter of the corporate world, I started making more and more money.
I finally got a job as a sales consultant in NYC, had a nice office with view and was making over 6 figures selling Financial services products such as MCA, credit cards and other financing options. I honestly thought that I am finally becoming something and all those year of sacrifice was finally paying off. I was working 60-70 hours a week, usually sleep deprived, living off of caffeine, just to make a decent living.
First Epiphany
My first epiphany was when I was on the phone with my wife one day and sharing with her how great of a sales week we had and how much commission I could potentially be making at the end of the month if all goes well, and she asked me a very profound question that took me out of my bubble and brought me back to reality;
She asked if we will ever be able to have dinner together again….
Until that time, I thought I was doing what everyone does, just work hard, get a good job and make money. Yet I totally forgot the possibility that it might not be the right recipe for a better life.
I also have come to the realization of what they were doing to me all those years. Everytime you reach a new level of success at your job, you get more responsibilities, higher quotas more work and less time for yourself so you forget what life is really about.
At that moment I decided that I need to be in business for myself, I need to get out of this vicious cycle and claim my life for the first time.
Soon after this event, I started my research to decide on a business to start. I started my first business after investing into 3 separate training/coaching programs to learn about online marketing.
I started a marketing agency working with local businesses while I still held my full time job.
Over time, I realised how important it is to focus on one market only instead of trying to please everyone. I decided to go back to my roots and started doing marketing for Merchant Cash Advance and Alternative lending companies.
First Business Success
In a short amount of time, my company gained popularity within the industry because of the massive results we were getting for our clients. We rented an office in NYC and started hiring more people;
Some clients have seen over 25% increases on sales and funded deals, and others literally shut down their overseas telemarketing operations since our inbound advertising campaigns were doing so well for them, that they didn’t need telemarketers.
Because of this success, more and more people became aware of our presence online and began reaching out to work with us.
But there was a problem, almost all of the individuals who wanted to get into Alternative Lending industry was asking about purchasing leads, buying live transfers and getting aged data from us.
To me that didn’t make sense since I knew from personal experience that, telemarketing, cold calling and relying on used data to start and grow a business lending firm was a waste of very valuable time and resources.
Why ? Because all they would be doing is reaching out to people who had been called by 1000 other people before and telemarket your heart out to get some real leads (not a fun process)
Also why try to convince someone to buy your product, who might not even be interested in it, when you can have a hot customer find and come to ask you to help them with their business funding?, which is what we had been doing for our marketing agency clients.
Release of the Blueprint Program
Once I noticed that hundreds of people were reaching out to us to learn more about this industry and wanting to be a business loan broker but lacked the funds to hire a marketing agency like us, I thought it was time to share more than a decade of experience I have,showing motivated individuals how to become a Business Loan Broker even if they have no prior sales, marketing or business experience.
First version of the Blueprint was named Merchant Cash Advance Success Blueprint and turned into a massive success in just one year and helped countless people experience massive shift and change in their lives.
We have built the best training and the strongest community this industry has ever seen.
The Blueprint became an symbol of building this business on great principles, on a solid foundation following an ethical and consultative process to become hyper profitable in a short amount.
We had 100s of students shared their positive feedback and shared their story of success.
See them Here
Today we have members in 11 countries and we released the Blueprint 2.0 called Business Lending Blueprint and made it the most comprehensive success guide in the Alternative Lending Industry.
As for me, yes I get to have dinner with my wife and spend quality time with my 2 kids and our dog Tofu. And I am honored to show others how to do the same.
Join the Revolution now.
hi there in today's video i'm going to talk to you about how to start your own lending business and your own credit business by using other people's money and how you can actually build this business recession proof working from home and take it up to five figures six figures and aiming up the seven figures if you follow the right steps i also talked about why this business is now for everyone and i also talk about the pitfalls and the misconceptions and the myths about business lending and i'll also give you a road map on how you can build this successfully so if you're interested in starting your own business if you looked into financial services industry maybe you tried e-commerce before or online marketing before you tried like marketing agency business so if you're someone entrepreneurial i highly suggest that you check out this video because i think at least i will try to give you as raw of an information as possible for you to consider this opportunity and see if it is the right fit for you so starting at lending.
How to start a lending business business is not a new idea right that's how basically the banks work they lend
money to civilians and businesses in return they make interest on that money
so it's not hard to imagine that individuals thought about doing the same thing becoming pretty much like their
own bank and lending their own money to other people in return for an interest so it's a very simple model right so
around you i'm sure you know people friends and family relatives and even businesses you need access to capital
and if you have a little bit of capital that you want you know you're sitting your bank account you want to make more money with the money that you have it's
a good idea to lend it to other people and in return they'll give you back more than what you lent them uh it's a good
idea on paper but the problem with this is the scalability you don't have unlimited amount of money so even if you
have a few thousand dollars on the side you can do that but then by the time you get paid on that amount well your
business is pretty much stuck right so it's very difficult to scale this business and turn it into an automated
system of you making money with your money that's where the business loan brokerage come to play where you can
actually do the same thing by lending other people's money right that's another definition of leverage for
example robert yosaki is a big supporter of this leverage idea using debt to
create wealth using other people's money to make money with the money you got from them so that's what we're going to
talk about today how to become a business loan broker and pretty much start your own lending business although
you don't have to lend your own money it's such a great concept that i watch thousands of people build their own
businesses through this the structure pretty much it's a relatively simple business and its idea obviously there
are many complications within it such as the product knowledge how to lend the right amount and the right product how
do you make sure that the customers you bring in fit into the right product how do you actually make money how do you
trust in the shooter system right so we're going to talk about that so i wanted to make the distinction as the
first uh topic that we cover is that what i'm going to talk about is not you lending your own money maybe that what
brought you here is that idea that you want to make money with your money but i want you to totally forget that for now
although you can do that if you have a lot of money you can do that but you need to know a lot more about the lending part before you kind of
commercialize your own capital to make more money with that so i will suggest that you take heed in what i'm saying
when it comes to becoming a business law broker what that means is you are the broker you're the middleman between the
lender who has access to capital and these could be a group of individual investors and they have a fund of a few
million dollars or it could be hedge funds that have access to hundreds of
millions of dollars and they want to make more money with their money and you become the trusted advisor to your
customers people who need the money and you match your customer to the right lender and in between you make a profit
uh by being a liaison between their money and the customer it's like a win-win-win situation the lenders are
happy because there is someone who can handle their capital and give it to the right person the person who's receiving
it most of the time small businesses they're happy and as the broker you're making a good chunk of money building
that business that's the business model in essence the immediate question that comes to mind is hey buddy this business
Why lending your own money is not scalable
already exists banks already do that right so that's a common thing wait a second this you're telling me how this
works but this is exactly what the banks are doing that right now and you might not want to compete with the banks and i
certainly understand it i would not want to compete with the banks too these are like billion dollar conglomerate
businesses out there you're not going to just start a business loan broker and start competing with them so how do we
play this game well the banks their lending opportunities are directed and
designed for larger businesses so if you look at big banks i don't know td bank
pnc bank chase bank their lending options are designed to help the mid-sized to large size businesses
because these banks are publicly owned and they have a lot of regulations they have to comply by and even then they're
not really playing clean if you follow what's happening in the banking industry so what's left out is the majority of
the businesses how so banks target audiences mid-size to large size businesses right but what makes up the
entire economy is small businesses which makes up about 70 to 75 of the entire
economy right so banks are not really designed to provide a lot of funding for the small businesses and their reasoning
is that first of all small businesses high risk there's a very high failure rate among small business so banks wants
to play safe for that reason they want to sell individuals their home like they
they would give you a mortgage but they would not give you funding for your business they value business as a higher
risk because you're likely to shut down your business then you pretty much lose where you live and go homeless so if
giving you a mortgage on the home is a lot less riskier for them than giving you money for your startup or with your
small business maybe you run a deli and you're making 10 000 whatever 15 000 a
How to leverage other people's money
month giving you capital for them that is deemed to be higher risk but that opens up a huge hole in the market right
because the people who need the money the most are the small businesses and they can't really walk into their branch
that they entrusted their money with usually through a checking or saving account when it comes to getting money
from the bank they they're left alone and this massive problem pretty much gave birth
to an industry called alternative lending as the name suggests this industry is alternative to
traditional lending or bank lending so these are like private groups of lenders
funding these small businesses based on a series of criteria right i'm going to walk you through what those are and what
kind of funding you can provide as a business loan broker and over time this alternative lending industry
has been growing actually skyrocketing especially with the past 10 15 years and
the reason is that the small business community has been growing and flourishing that's number one number two
is people are disliking their banks more and more because they notice that banks
just want to keep taking taking taking when it comes to giving back they don't want to play fair that's number two
number three is they're now understanding their lending options it is still in the infancy stages but most
businesses still do not know when it comes to how they can get access to
capital if you walk through a strip mall and stop by small businesses and do a
little survey and ask them hey if you needed funding today where would you get it from most of them would tell you that
they would just go to their banks first unless they have a rich cousin or uncle or something like that right and
How to lend other people's money
actually that survey has been done and based on the statistics more than 70 of
the small businesses said that they need capital they need capital anywhere from 5 000 to 50 000 so they have an urgent
need that needs to be filled immediately so you're talking about a massive opportunity and that is reflected in the
growing size of the alternative lending industry when i started this business the size of the industry was estimated
to be about 200 billion dollars or so right now it's estimated to be a little
over two trillion dollars so the demand has been going up and there are not
enough lenders and brokers to supply the demand which is the opposite of what happens with most industries in most
industries most businesses you want to start there are more people doing the business usually than the customers
demanding the products and services and that creates an imbalance so that reflects on the pricing so
you're dealing with a competitive situation where the providers are not making a lot of money right whereas in
the lending industry demand is so high and the amount of people who are in the business loan brokerage industry is so
little that there are a lot more customers who need funding who are even aware of their lending options than the
brokers who can help them that's one of the reasons this is a massive industry and it's been projected to grow at the
same rate at least for the next five to six years it's not in its maturity yet
that's why this opportunity is super important for you to try to understand right just stay with me through this
i'll do my best hopefully to help you understand how this industry works now
we're clear on what alternative lending is why it solves a huge problem why there's a massive demand so let's talk
about how it actually works so you're dealing with small businesses and startups that's where the credit comes
into play for startup the definition of that is a pre-revenue company right so
What kind of lending options are available
they don't have any revenue yet they either have a business in the idea stage
or they establish the business they're trying to get funding to buy the products or establish a system spent for
marketing so you're dealing with those two main categories small existing business pre-revenue startup business
and now as an alternative lending loan broker you have options for both
situations let's think about the existing business and what kind of things they might need funding up for
one is they need to buy some kind of equipment think of an average restaurant and what they need what they use in a
day-