#HowtobecomeaBusinessLoanAffiliate #HowtobecomeaBusinessLoanbroker #HowTomake10kaMonth
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"How to become a Business Loan Affiliate"
"How to become a Business Loan broker"
"How To make 10k a Month"
Business loan affiliates make money by helping people and businesses obtain working capital for their business. All you have to do is to share your affiliate link to your prospects and when they get approved for the loan, you get a commission as a percentage of the loan amount paid by the lender.
Now let’s talk about the difference between a business loan broker and a business loan affiliate.
The main difference is that a business loan affiliate does not have to get on the phone with the prospects; all they have to do is to share their affiliate link and The program will take care of all the selling and follow ups for them, and when a prospect get funded they will just receive their commissions in the back end.
This is a great option for people that do not want to talk to people over the phone.
You are not required to have any license when working as a business loan affiliate; it is something that you can start right away. You just need to know how to generate leads.
You can also provide your services all over the US. You are not restricted by your location; Even non-US residents can become business loan affiliates. So your income potential is unlimited.
There are a lot of opportunities in the lending space at the moment, especially with the pandemic. The majority of business owners are in need of some type working capital and there are a lot of them out there.
Just in the month January 2021 in the US, Half a million new businesses were created. So as a business loan affiliate you just need to find the way to get your affiliate link in front of them.
One way to target these business owners is to collect their contact information from yelp, google maps or LinkedIn. And then reach out to them via email. You can also hire a freelancer from Fiverr to do that for you.
Another way to target small business owners is to run ads on Facebook. You can generate a lot of leads instantly with Facebook if you use lead generation ads.
As you can see becoming a business loan affiliate can be a very lucrative side hustle. If you are looking to become a business loan affiliate, I recommend you work with Fundwise.
Fundwise is one of the best lending affiliate programs out there. I placed the link of fundwise In the description below.
Fundwise specialize in both business and personal loans. So you can target just about anybody when promoting their service. And fundwise is one of the few companies that provide funding for startups.
The 2 main products of Fundwise are Business line of credit and term loan.
Business lines of credit give your business access to a pool of funds, up to a limit. You can withdraw funds when needed and you only have to pay interest on that amount, not the total amount available.
The term loan in the other hand is the cash that you receive from the bank for a specific amount that has a specified repayment schedule and a fixed interest rate.
You will get an average of $800 to $2,500 commission each time a prospect gets approved for a loan. So really you only need few prospects approved to make $10k per month.
Finding people in need of a loan is usually the easiest part; the hard part is to find people that actually qualify for the loan. Most people would not meet the credit score requirement. That is why it is recommended that you include credit repair to your services as well. So each time you find a prospect that does not qualify for financing, you can have them register for credit repair.
"How to become a Business Loan Affiliate"
"How to become a Business Loan broker"
"How To make 10k a Month"
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