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The Problem
Invoices are mailed out on the first of the month, and most of the money does not come in until the end of the month (if ever!). Customers have the best intentions of paying their invoices on time; but many customers have a problem sending in timely payments each month. Follow-up letters, and phone calls bring in most of the balance. Then the process starts over again next month. Business owners waste hours each month collecting money they've already earned, and in most cases, have invested time and money producing the goods and/or services for their clients. This is a vicious cycle most small and medium-sized business owners can identify with easily. Sending out invoices doesn't generate cash flow. It only attempts to collect money already earned. This type of routine service should be turned over to a service agency, just as most companies entrust their taxes to an accountant or their payroll to a payroll service. This is where you come in. Without proper cash flow, the business cannot order new materials or pay employee salaries, thus falling farther and farther behind in accounts payable. If a business owner could have most accounts receivable payments delivered on-time; the day they were due, for little or no cost to them, do you think they would welcome you? You bet they would! A Solution You Can Provide
By turning the whole process of "cash collections" to an outside firm, the business can utilize its own staff to do the work of generating income. This is called "outsourcing" and proves to be the most effective, efficient way to operate a business. Outsourcing cash collections to a Cash Flow Management Processing Center allows a business to concentrate on what it does best without the costly administrative overhead of collections. With our proprietary, Windows-based software, you can generate a pre-authorized check draft, which resembles the customer's own check. You can generate these each and every month on the same day. Our software allows you to do this for any number of businesses and their customers. It's no problem to generate thousands of check drafts in an eight-hour day. Depending on the amount you charge the business, you can net up to several dollars per each check draft. Remember that this is on-going residual income that occurs month after month. By establishing yourself as a Cash Flow Management Processing Center, offering a monthly check drafting service along with your other cash flow services, you can make a very substantial, residual-based income by providing these needed services to the businesses in your community and across the United States. Cash Flow Solutions - Services Portfolio By establishing a Cash Flow Management Services Business, you can provide a diverse portfolio of major services. New services are in development and will be added to your portfolio upon release. Pre-Authorized Checking Businesses love to be paid on time, without sending out invoices for monthly payments. Most businesses either do not have a billing and collection system for invoicing and processing payments, or they are unwilling to upgrade their current system. This is where pre-authorized checking comes in! Businesses using this service would receive pre-authorized checks on their customers' accounts each month. They would endorse and deposit the bank drafts, just like receiving regular checks. This idea of bank drafting customers' bank accounts as a way to solve cash flow problems is not new. It started in the life insurance industry 30 years ago. Until recently, the technology and equipment necessary to do bank drafting on a smaller scale was prohibitively expensive. Phone Checks Most businesses that accept phone-in, or faxed orders over the phone typically accept credit card payments. They are not aware that they can take payment by check over the phone as well. A business can now dramatically increase their cash flow by increasing sales and eliminating lost sales from customers without credit cards. You can offer businesses a phone check service whereby they would send the check information to you and you would print a bank draft against their customer's account. "I take my customer's check information over the telephone and automatically debit their bank accounts. I can't imagine collecting that amount of money any other way." - Dan Deffinbaugh, Owner - Timberdoodle Catalog Sales Automated Check Recovery Collect an average profit of $25.00 for each NSF (non-sufficient funds) check a business receives. It is projected that 3.4 trillion dollars worth of checks will be written each year by year 2006. Many of these checks are returned to businesses across America as NSF. For a merchant, recovering bad checks can consume both time and money! There’s got to be a better way to collect than writing letters and making phone calls! Any business that takes checks typically has check collecting problems! Most businesses would jump at the opportunity for a free service that would assist them in collecting these checks, especially if they knew that the service could automatically debit the check writer's account for payment. As a Cash Flow Management Processing Center, you can also provide a collection service for NSF checks using the check drafting process. Yes, you can automatically debit the bad check writers' bank accounts for the amounts of their original checks plus the $25.00 average service fee for each check. And you keep the fee! Some states charge up to $40.00 per check! Electronic Payment Solutions In addition to the above paper-based payment services, we are excited to also offer a whole array of electronic payment solutions that can be part of your portfolio of service offerings.
To recap the current available services that you can offer to businesses:
NOTE: For paper-based
transaction processing, our full-function, database software manages
all aspects of customer transaction processing and allows you to print professional
bank drafts, which resemble a customers personal check, using our
professional rainbow security check stock loaded with anti-fraud
features including: Copier Void which produces a series of voids if the
check is copied, a watermark feature which cannot be photocopied, a two
color right to left graduated pantograph, and separate pantograph for the
signature area. They are printed with special magnetic ink.
Sample
Check Recovery Earnings Projections
By promoting just the Check Recovery service, if you goal is to be making more than $7,500 a month by the end of next year, here's all you have to do: 1. Give away the NSF check recovery service to 1 business a day - 2 days a week. 2. If each business averages only 5 NSF checks per month and you collect 3 of them, this means that you would collect 6 checks per month for these 2 businesses. 3. If you make $25 from each check collected, you would earn $150.00 per month for these 2 businesses. (If your state charges more than a $25 fee, you would make more.) 4. Maintain that sales pace for 12 months or 50 wks. X $150.00 = $7,500 per month. 5. Then your second year payback could more than double that income since you continue to receive payments for as long as the clients continue to use the service. Some merchants will only have 1-2 checks per month, some may have 3-4 per week. This just shows you the numbers and how it grows. This does not include any residual income from promoting the other services that you could provide.
As mentioned before, our main emphasis is
to offer these services to clients around the nation, not to sell business
opportunities.. Most of our accounts are out of the Texas area. We're
available to duplicate our business model and processes with you, giving
you all of the software, forms, documents, emails, proposals, flyers, etc.
that we would use. We also directly affiliate you to our technology affiliates
that handles the electronic transaction and credit card processing services.
The total cost of this opportunity is *
$14,900.00.
If $14,900.00 is not within your reach at
this time, we do offer a payment services subset which would only include the
following paper-based services:
The total cost of the above three services would
be * $6,995.00. It would include a 1 1/2 day training session at our location
in Texas.
* Financing with 50%
down, and monthly payments for the remaining balance for 12 months is
available for both payment service packages.
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According
to the Small Business Administration, the reason most small businesses that fail
within the first two years is lack of capital; in other words, poor cash flow.
As
an owner of a Cash Flow Management Processing Center, you can provide a
vital service to small and medium-sized businesses. You can save the
business money and, in turn, make large residual profits for yourself.
You can run this business part-time, out of your home, moving to
full-time as your profits grow.