Establishing Yourself In The Cash Flow Notes Business

Late night television is the realm of the infomercial and no doubt most everyone has seen the infomercials touting the big money that can be made in the discount cash flow note business. It is possible to make big money in the cash flow notes business, however it does take time and effort while acquiring the skill to become successful. As in any business, perseverance, discipline and dedication to a well thought out business plan is the key to success in the discount cash flow notes business.

By far the largest obstacle to being successful in the discount note business is locating people willing to sell their notes at a discount since they probably are only holding the note in the first place to get terms within limits that were acceptable to them. Usually in these cases, they preferred to hold the note themselves, agreeing to accept payments over time rather than take a discount on the property.

Only when they reach a point that they need the cash for various reasons do they consider selling the note at a discount. This is where it is very important to make these people aware of the service you provide, especially when they reach a point where they are considering selling the note for a discount. Marketing to a select group of note holders rather than a a wide range is imperative in the discount notes business as this approach allows the note broker or note buyer to build credibility. Marketing to a select group allows the note buyer to build long term relationships based on experience and trust.

The discount note business is highly competitive and is not a get rich quick gimmick as portrayed on late night television. Hard work, building relationships around trust and experience are all attributes of the cash flow notes business lending itself to success for people with drive and focus and a willingness to go the extra mile to provide a trustworthy brand name.

1 comment:

javagirl said...

Perfectly true article about the cash flows business. Hard work pays off just like any other business.

Well written