Your Own Debt Settlement Company
July 3, 2009 by Dr. Letitia Wright
Filed under Wright Ideas
In this article I am going to show you three ways to operate a debt settlement company (DSC). Learn these three ways to get your DSC off the ground and up and running in an ethical yet profitable manner.
These are the three ways:
1) Learn how to qualify your clients for a Debt Settlement (DS) plan that will pay off all the credit cards plus your fee in a reasonable period of time;
2) Learn the proper way to sell and advertise your services without creating deceptive practices claims;
3) Offer your services in an ethical manner following TASC principles.
Lets take a closer look at these 3 ways:
1) Learning how to qualify clients for a DS plan:
This first element is likely the most important aspect you will need to learn when handling DS clients. This is the primary service that you will provide to your client. As part of this service, your will also explain how the program is administered and how we will be making contact with the creditor to settle the debt for 50% or less than what is owed.
2) Learn the proper way to sell and advertise your DS services. It’s very important to know what you can and cannot do while you are advertising or selling your services to the public in this business. One wrong step and you’ll have plaintiff lawyers and the Fair Trade Commission (FTC) knocking on your door. Seek out ways to get educated about how to stay out of trouble when marketing and describing your DS services.
3) Offer your DS services pursuant to TASC Principles. TASC is an organization that oversees debt settlement companies. A good DSC will abide by TASC rules and guidelines and this is all done to protect both the client and your company. Good DSCs will not do anything that would put them in jeopardy of losing their good standing and accreditation with TASC.
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Do you want to learn more break-through step by step instructions on how to begin offering debt settlement services to your clients? Download my brand new free guide: Start a Debt Settlement Business KJ Block is a debt settlement professional and attorney at law who teaches people how to get started and to better manage risks involved with traditional, internet, and e-commerce marketing of financial products and services. KJ also assist newcomers to the debt settlement industry with finding the right back end negotiation company to process the debt settlement plan for your clients. KJ Block can be reached by email at Info@MortgageRoadRules.com Follow me on Twitter.com at http://www.twitter.com/kjblock |
Focus
July 1, 2009 by Dr. Letitia Wright
Filed under Featured Articles, Wright Ideas
Focus on your business
Success comes from focus. I know it seems like people who are successful are just hanging out with their friends and doing nothing and everything just comes to them.
They are not thinking about it or doing anything, it just flows to them. Well it’s not entirely true. Usually these stories are to help them sell you their product. Everyone here is an adult, right? So let’s get real. It takes some work to make it all happen. You do not have to be the one doing all the work, however, the work needs to get done.
When I interviewed John Assaraf, he said, “Success does not come overnight!” Wow! From a guy in the secret? Yes, from the guy in the secret. He had some things in place. By focusing on doing a few things well, you can actually get more done. When projects come your way, you can decide to be a part of them or not, based on what you do well. When people are asking you to be an expert in the area of you do not want to be in, you can say, “No, This project is not for me.” By consciously choosing your projects, you can stay focused on them until the end.
Multitasking is over rated. The time that one has to take, switching from thing to thing and resetting your mind makes the tasks take longer! Multitasking is to be avoided if possible. We have a lot of choices all the time. All entrepreneurs need to learn to make decisions quickly and stick with them. By not making a choice or claiming it’s too hard to make the choice, you take yourself out of the game.
Which projects move YOU closer to your goals? Not your friend’s goals or your child’s goals but YOUR goals. Those are the projects worth focusing on. You can re-evaluate your goals from time to time to make sure you are on trac. You can lso re-prioritize projects while doing them. Some things can go off the list if they are no longer needed or you get new inforamation that makes the task obsolete. Any task not moving you towards your goals should be delegated or gotten rid of.
That is why you need a team. You cannot do it all. You can use assistants or hire staff. It really does not matter, what matters is that YOU are not doing everything yourself.
I use an Executive Virtual Assistant who specializes in clients who in are the public. You can ask your Aunt Sally to help you, as long as she is good at what she does. Students are great. They need money and you need help! That can be an easy match. Mario Van Peebles said “Never confuse people you like for people who are good at what they do.”
