If you are, do you average a thousand dollar earning in each referral?
By: Joel Inocencio
Here in New York, we have Sam’s club, Costco, BJ’s and some other local clubs where you pay a membership each year to enjoy the privilege of shopping at a discounted rate that is close to the wholesale price.
The membership fee you pay each year offsets the money you save because of the cheaper price.
Most items are by bulk. So the bigger your expenditure especially with a large family the more savings will go into your pocket. Still for small package items, the price is relatively cheaper.
This club store membership is a huge help in terms of savings for each family.
I think most of us will agree. A family normally saves between $500-1,000 in a year. It’s like giving ourselves an automatic raise.
There are other clubs that we join and enjoy the benefits offered only to members such as sports clubs, auto clubs, golf clubs and many others.
Most memberships offer savings.
Did you ever come across a club that gives great rewards or incentives to members who invite their friends or relatives to join the club?
Maybe some may offer a small percentage of discounts on their membership renewal as a referral bonus, but really nothing sort of commission incentives.
At least in the internet marketing, there is an affiliate commission. It’s FREE but you have to set up your own site to link to the merchants that you are making referrals.
In our everyday routine activity, we tend to advertise by word of mouth recommending something without getting paid for doing the advertising.
Can you imagine if everyone gets paid to do that, then the media will loose out in the competition.
Let me share to you a company that you can capitalize on your referrals.
I think it’s time that we get paid a decent amount of money for referring somebody, don’t you think?
Back in the early 90’s, the Power Broker’s of the mortgage industry has capitalized in the real estate boom coupled with low rates and flexible financing.
Working class people who obtain mortgage through their service can only stare at the expensive cars they drive and wonder how much did it really cost them to do business with the guy on the expensive suit.
You might have asked yourself, did I just got ripp off?
Why did it cost me too much on my closing cost?
Please don’t get mad at them, because they are just doing their fine job and get paid for what they are worth, according to the industry’s standards.
Nothing’s wrong with that.
But what if you know what was going on in that transaction and you understood all the details down to the nitty gritty, not that I’m saying there was shady dealings with that transaction.
It’s just that it is well worth to understanding how things work, because those information could have save you thousands.
What if you have the opportunity to learn how to do it without having to go back to school or attend a year-long or even a month of boot camp training and begin to earn while you’re learning to navigate the ropes.
That would make a good part time income with very little of your time and effort.
If you make few hundred dollars part time, not too many would listen to you.
Many people do that, but if you make thousands in every transaction just by referral, then everybody wants to hear your story, even your boss will be interested.
Everyone will be interested to join your “part time business”.
As you become more involve in the business you will learn the nuts and bolts of the trade.
It doesn’t really take that long to learn the business.
I am a nurse by profession and it took me 4 years to get my degree. It took me 1 loan that I closed to understand the business well enough to make money, more than I make as an RN.
The more loans you refer and close the faster you become an expert.
Let me restate that.
You refer the client, but the processor follows up and closes the loan for you.
It’s like having your own secretary without collecting salary from you, nor commission.
You will soon realized that you can earn enough and you will be ready to give up the job that doesn’t really pay much, require a lot of your time and energy, fire your boss that gives you a lot of stress and avoid the grueling daily commute.
You can stop begging for the vacation time that doesn’t even coincide to the dates that you want to use, especially summer when everybody’s taking their vacation.
If you look closely, they don’t really want you to go on a vacation long enough for you to realize that there are other things that will make your life better so you quit your job.
Although, they do want you take a short vacation so that you can relieved yourself from stress, and don’t suffer from mental breakdown, create trouble and loose your job.
If you do, trust me, there will be an ordinary Joe out there who will replace you in a blink of an eye.
Your Boss don’t want you to earn more so he can stay wealthy while you slave out to do what he wants you to do. I think rich man calls that leveraging.
How would you like to do the things that you can only dream of…like taking a vacation when you want to. Sleep and wake up on your own schedule and work on your own terms.
Allow me to wake you up to reality and share you some experience to help you stop daydreaming.
Here is the chance for you to find out and stop wondering.
Keep on reading because what I’m about to reveal here should convince you that riches are not beyond your reach, that you can still be what you wish to be, recognition and happiness can be had by all who are ready and determined to have these blessings.
Synergy Marketing Group in New York/New Jersey is a direct lender and mortgage broker in the banking industry.
We are providing services and funding to hundreds of thousands of people in the US meet their American dream of owning their own house.
Most mortgage brokers and banks I know has an average closing of 5-8 weeks for refinancing. About three months for loan transaction that involved a purchase of a property.
In the mortgage business, time is the thief of profits.
Why? Because interest rates changes everyday, sometimes twice in a given day.
If the closing is fast, the checks should also come in rapidly.
Additional business fills your pipeline quickly.
Synergy Marketing Group opens it’s doors for ordinary citizens to venture into this profitable business of providing services and benefits to homeowners and homebuyers.
The playing field is leveled down and the opportunity is no longer afforded only for the trained or experienced loan officers. The opportunity is now available to those who are interested to advertise Synergy Marketing Group.
You’ll now have the chance to learn the business and train to become a loan originator at you own pace and your own time.
No license, diploma or degree required. If you know how to fill up an application form, then there is no reason for you not to learn this business.
Because web base training is provided for FREE. Plus, having me as your mentor, will take you by the hand and train you to become a power broker.
If you are LAZY like me and you just want to refer a client, I think that’s easy. Everybody’s expert on that field, even a kid can do that.
I did however spend sometime studying the industry and actually went through a rigid personal training of originating loans. Most of my colleagues now consider me an expert in different loan programs.
There are hundreds of programs available just FYI.
There will be online resources available for every member to understand the concept of the business, so you will have a better understanding of what you are dealing and talking about to the prospective client that you are referring.
I regularly send out through e-mail the basics 101 of Mortgage origination including glossary of terms and the mechanics of loan processing for the benefits of my team. 1 to 1 coaching provided for interested team members.
I want to share my expertise because I want my team to be informed, productive and confident with their business dealings. Become an efficient leader in expanding the team.
You’ll learn why it is extremely important and profitable to build your own team as you continue to read.
Granting that you don’t have a criminal record or history of fraud, you should be able to start your first transaction in about few days.
To those who have serious criminal background, I’m sorry but you can stop reading from here.
You have to understand that there is a serious financial transaction in this business that involves hundreds of thousands to millions, and the Banking Department has a very strict regulations enforced. Sticky hands and prying eyes are off limits here.
Unfortunately, Synergy Marketing Group is not Global yet, so affiliates from other countries cannot be part of the program.
Let’s move on if you’re ready.
How do you make money in this business?
That’s probably what you have in your mind by now or perhaps your thinking what’s the catch to all this.
In Mortgage Business, the product is money. The mechanism use to deliver the product is through service. Broker gets paid by commission.
In every service, there is a fee. That's where the money is generated.
The fee comes from either 1 or 2 or 3 sources, or all of them.
Let’s not be greedy 2or 3 or a combination of just 2 sources should be enough to make the thousand for a single transaction.
First is the origination fee, which is the service itself.
Second, is a point as a service fee to obtain a certain rates, commonly known as the front commission.
Third is rebate from the bank or the back commission. In some cases, there is a fourth source, which is another rebate when the broker resells the loan to a bigger lender.
That usually generates another point.
Mortgage broker and originators have some degree of control on rates depending on the program.
In the state of New York, mortgage brokers are permitted to charge a maximum of 5 points.
Although generally, 2 points should be sufficient to cover the services, so as not to cause too much burden on the borrower.
So the earnings generates from 3-4 different sources.
For a typical amount of $ 300,000 (NY average is about $500,000) with a 2 points commission. That’s $ 6,000.00, less administrative fee, let's round it up to 5,000. As a junior loan officer which is the beginning position as a new member you get a 20% of the commission.
$1,000. Not bad for your first transaction.
If you continue to produce on that same level, your 20% stays the same even if you take a vacation for a year or two. You will not loose your position.
If you want to accelerate your position, and you decide to build your team, then you should invite at least 3 new members in your team or as many as you can, and they will be trained to duplicate your performance.
Your position now advances to loan officer with 30 % commission.
But it doesn’t stop there because the new member in your team as they close their own loan, you will collect another 10% from their proceeds.
So if three of them close their first loan on the same amount.
You will now earn another $ 1,500 (10% each = 500 x 3 = $ 1,500) not bad for a referral.
This will go on and on as your team grows. Can you imagine the exponential growth of your earnings if your team grows to a thousand members?
Assuming they are all part timers and produce only 1 loan in one year which is a very lousy production.
With a 10% override for each team you build, $ 500 per member x 1,000.
Not to mention your very own production which is by then if you have that many members, your position will be on executive level with 65-85% commission on your personal loan.
That is more than double the annual salary of a regular doctor or lawyer.
The potential earnings in this business is no joke at all.
The other very good reason is that you are not competing but rather helping each other because everyone is benefiting from the transaction.
Most business owners don’t want to teach their employees the techniques in running their business, because they don't want them to learn and eventually resign and compete against their business in the future.
In this business, you'll have the incentive to teach your team member to be as productive as you are because they will bring in the profit to your team. This is called leveraging and duplication.
You actually own your own business without keeping a payroll tab, because each of your team gets paid by their performance, not by you but by the transactions.
Are we seeing a bright future here?
Imagine all these earnings without actually buying or keeping a product on inventory?
The product is undeniably in very high demand because everybody wants to own a house.
That remains to be the fulfillment of every American’s dream.
What about those who already own a house, sometime in the future they will have to refinance.
This line of business only proves that this is a recession proof.
SMG as a bank has program that may not be appropriate with your client, but a strategic alliance with other major lending companies and banks like Chase, Bank of America, Countrywide Home Loans, just to name a few are on board with the business.
This is like having a wholesale club store, with multiple products offered at wholesale price.
The territorial boundaries are so wide because you can do business from Florida to California, without even having to go there.
That is the other beautiful side of this business because you really don’t have to be where your client is to transact the business. The whole process can be completed online, e-mail and fax.
A truly innovative marketing approached, utilizing the tools of modern technology.
Having said that… Do you think it is impossible to build a team of thousand members in a short time?
I also do not believed that cross networking is unethical here because you are not selling any tangible product that will directly compete with other common products in the Network Industry.
That means you can spread wide and deep fairly quickly because the warm market
(active networkers) will jump into this opportunity at a moments notice.
Here is how the membership and referral system operates
You apply for a membership online click here A1016...
Then you will sign up with the information required, you’ll get your own ID thereafter.
Make sure that the information provided is accurate and true. A strict compliance in the banking industry requires that a background check be perform before you can engage in the business.
You will need my ID A1016 and a one time investment of $195.00 when you sign up.
It's reduced to 95.00 until August 31st, 2006.
AHA, there’s the catch! I knew you would say that.
But really, tell me of any business venture with an earning as real as the earnings you would make in this business that does not require cash investment.
Imagine you will have your ROI (return of investment) and a profit after closing your first transaction. Your membership is lifetime, with no recurring monthly or annual membership fee.
No costly products to buy on monthly autoship, no inventories to hold.
You don’t even have to sell the products because people will be looking for you to help them. The product is virtually a magnet to attract clients.
Try setting up a News Stand as your business, the permits and rentals alone could easily cost you thousands. What is the predicted ROI? Perhaps one year if business thrives.
Now, that kind of business only makes money when you are around. You have to physically open, run and close the store yourself. I won't call that my business, because that business owns me.
With the structure of SMG and it's system in place, your business will literally make money even while you are asleep.
Now get this! The company also offers a revolutionary 5 years vested period. Anyone who works in a company with a union should understand this.
The business that you establish is transferable. As you grow old and tired and you want to retire and enjoy your life traveling or fishing, you can transfer your network to your children or spouse.
If you stick around with the company for 5 years, not only that you get vested, you will also received a comprehensive health and dental plan coverage.
Can you imagine?
If you are not taking care of your teeth today because you are building your business, you will have a new set of teeth courtesy of your dental coverage.
That is just awesome.
This is what you will get from your investment of $195.00
The potential for residual income will just blow you away.
If you start getting busy now building your business, you could literally retire with financial security in the next 5 years.
Leaving worries about your Social Insecurity behind.
Maybe give it away to charity or let your relatives collect it for you. Because you work smarter, while they work harder.
I will have to leave the other benefits for you to find out e-mail me at jocfncom@gmail.com and I'll send you the rest of the information.
You can keep your $195.00 for now.
Or send me an e-mail if you have a prospect or client that needs the loan.
I will assist you in the process of obtaining the loan and when that loan close, I will enroll you to the program at no cost at all, I will give you a referral fee of $805.00, that is a total of thousand dollars there my friend.
All that to prove my point that I am not interested with your money.
Here is another arrangement I’m offering, to make it easier for you.
If you sign up from today till the end of Aug. 2006 and bring along with you 10 new members that will sign up under your team.
As soon as you received the receipt, and your membership is confirmed after the background check, and your ten new members qualify and memberships are confirmed.
I will send you my personal check of $200.00 just to prove my intentions of helping you start with these business.
Fair enough?
That is no cost to you my friend. I need a determined able body networker in my team.
Internet Warriors step up to the plate and take advantage of this opportunity to create major earnings online and offline. Send your e-mail to me jocfncom@gmail.com
Calling all serious entrepreneurs.
It's time we get paid in referring business.
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