Referral Rewards
Make Extra Income By Referring Clients
If you own or operate a bail bonds company you have an opportunity to make more money and reduce your lending risk by referring customers to our site.
Many bail bonds companies have clients who are in jail or have family or friends in jail and don’t have the money to bail them out today.
Possibly next week on pay day they will have the cash but that is just too far away. Have them borrow money through us so they have the cash to pay your bail fees.
You can benefit by referring clients to borrow money to pay you. You can’t pass up the opportunity to put ads on your site that increase your profits by providing a resource for cash loans so you customers can pay you the bond fees now.
You can delegate some of the lending risk and increase your profits by allowing us to help you get paid. Sounds like a win win to us!
Start Referring Bail Bond Borrowers Now!
We hope to get your expert opinion on whether this is a good business for the industry or not.
Facts about the loans:
No collateral required
No credit checks
No credit inquiries on borrowers record
Cash can be deposited in as little as two hours
Loans can be used for anything the client wants without restriction
Approval criteria and underwriting factors:
US Citizen
18 years or older
Currently employed
Income of $1,000 per month or higher
Age of current residence
Active savings or checking account
Age of bank account
Referral Rewards:
Disclaimer
We are not a lender directly. We have a system that matches applicants with available lenders in their specific jurisdictions. This is a free service to the public and to professionals in the bail bond industry. What is the catch? There is no catch but we do get a commission from the lenders themselves based on the quality of the applications submitted through our system.
How To Refer Applicants
There is an issue that we need to inform you about so you can help applicants avoid it. Our service is a lender matching service. There is a chance that a person who does not get approved will have their application sent to several hundred lender underwriting systems. We have received some complaints that the amount of follow up marketing to applicants can be a little over whelming in those situations.
Use Dummy Emails For Online Transactions
We advice referring parties to assist their clients in creating a dummy email before applying. It is good to have a “commercial” email anyway as a general practice for most people when conducting their online affairs. We suggest that applicants do not use their family and friends email for any commercial interactions online including applying for a loan through our site.
Take Advantage of National “Do Not Call” Registration
Additionally, we have heard that some lenders have now begun to utilize sms text messaging. It is a good idea to use a landline when applying. If all a person has is a cell phone we strongly urge applicants to put their phone number on the national “do not call” list before applying. That should prevent any issues with aggressive marketing on the part of certain lenders.
Financial Reward Program For Referrals
Level One Income
Level one is where you are generating lending leads directly. You could be a bail bonds company, bail agent, surety a recovery agent, or just a regular person who refers people you know. No matter how you generate the lending leads on level one you get 50% of the lead sales price.
This could mean approximately $30-$44 per transaction that qualifies for payout. That is not the average though. On average referral commission will be around $15-$20 each.
Level Two Income
Level two is more of a recruiter type of position. For every person or business you recruit into level one you get 50% residual income for every lead sale for 90 days. This is on going income and it does not reduce the 50% those you recruit make. Yes 50% plus 50% means we don’t make a dime for 90 days.
Imagine that you recruit a bail agency for example, assume they get three to five people approved for a bail bond loan per day. Your 50% take could be approximately $15-22 per day continuously for the first 90 days of the contract with that agency.
Residual Income
It may not sound like much but if you calculate the amount over time you will see a significant income. Lets say you spend 3 hours emailing bail bond companies and another 2 hours calling them on the phone to follow up.
Some of them may click your link and sign up and begin sending loan applications into the system immediately. That is where the easy money is! Some will require that you either meet them in person or talk extensively with them on the phone before signing up.
How hard is it?
Assume by now that you have spent 5 hours of your time. Now you take a few hours on a weekend or over several lunch breaks to close some deals. Lets say it took you 2 hours to meet with a dealership to explain the program. Now you have spent 7 hours of hard labor to recruit one solid auto dealership into the program. They get 50% and you get an extra 50% off of every sale. Lead sale prices can vary from $5 to possibly $90.
What income can I expect
The average lead sales price is $30-$44. That means approximately $15-$22 for the referring party and $15-$22 for you. Assume they only make one loan sale a day for the next 90 days. Revenue of $15-$22 per day doesn’t seem like much. When you calculate that over the referral period that income changes to $1,350-$1,980 for those 7 hours of hard work.
Not bad for a one time expenditure of time and effort. Image that the agency sold 5-10 loans a day. Now you see the potential?
Conclusion
You now know a very profitable way to spend your down time. The short term lending industry thrives in good economic times and sky rockets when the banks tighten lending requirements during economic down turns. Either way you are in the right place at the right time to do something financially rewarding for yourself. Take advantage of this income opportunity and sign up now!