Mortgage Brokering as a Freelance Business Opportunity

In the mortgage business there are two foundational areas of
involvement. One is the position of "loan officer," the other is
working as a "broker." The loan officer for the most part earns
from what is called "personal production," which means you are
earning from what you are able to personally produce by bringing
mortgage business into your employer's office. In some cases you
may be paid a base salary and/or draw, but then you will be paid
less in commissions by the company (broker) you are working for.

The second - and most potentially lucrative for you - area of
involvement is the broker. Most people start out in the mortgage
business by working as a loan officer, gaining experience and
expertise, and later they consider opening their own shop by
becoming a broker. This can be frustrating for the broker who is
training loan officers, because they are continually losing their
best loan officers and creating their own future competition.

The broker hires, spoon feeds and trains their loan officers and
pays them a commission out of the profits they receive from the
lenders with whom they work. As the loan officer begins to learn
the business they obviously start thinking about leveraging
themselves through the efforts of others so that they can earn
from the production of others as the broker does.

~ The mortgage business is currently experiencing re-definition
by new leaders in the industry who are breaking old traditional
earning models. ~

Within the last few years new leaders in the mortgage industry
have been breaking the old traditional earning models, and have
created revolutionary new approaches which allow just about
anyone to build a business in the mortgage industry with very
little knowledge or experience. Beginners are now able to make
more money - in less time - with less effort!

In the past you would have started out as a loan officer -
generally with a bachelor's degree in finance, economics, or a
related field, and earned $30,000 to $50,000 a year. You then
worked locally where the broker who hired you was licensed to do
business. For the most part your income level would have been
limited until you gained enough experience to open your own
shop.

The downside of this was that even when you advanced to becoming
a broker yourself, you also took on the financial liability of
running a business. Opening a local mortgage brokerage can often
be very costly, along with the many additional liabilities that
go along with hiring, training and running payroll.

New approaches to the mortgage business now allow you to build a
mortgage business of your own where you call the shots and your
income is not solely dependent on your own personal production.

Here are just a few of the new advantages...

* You can now earn on mortgage business on a national level.
These new business models now allow you to operate under a
"branch license" so you can do business just about anywhere.

* You have the ability to immediately leverage yourself. You can
earn commission overrides just like a traditional Mortgage broker
can. This means that you can build a national team throughout the
United States and earn from their activity.

* No major investment - Instead of investing thousands of dollars
in franchise fees you can get started typically for around $200.

* You are able to tap into proven business models that will help
you teach and train your unexperienced loan officer recruits.

How much money can you make?

Let's compare the traditional model of earning only from your
personal production with the model of introducing this concept to
others and being able to leverage yourself:

The following will give you an example of what you would earn If
you based your earning level on personal production at three
different commission earning levels. The following are based on a
hypothetical $200,000 mortgage.

One House per month Commission paid out
30% $1,050.00 Earned
64% $2.240.00 Earned
70% $2,660.00 Earned

Two Houses per month
30% $2,100.00 Earned
64% $4,480.00 Earned
70% $5,320.00 Earned

Let's look at this a different way that shows the power of
leverage where you are not depending entirely on your own
personal production. The following example assumes that you are
earning 64% from two personal loans a month and are earning from
the personal production of five others who are doing just one
loan each per month.

Personal Production 64% Earning Level
Your personal earnings - $4,480.00
Loans From 5 Others Who Are At The 30% Level
Your earnings from their production - $5,950.00

Total Earnings For Month - $10,430.00

As you can see, it really is to your advantage to immediately
involve others in the business. Your personal efforts along with
the combined efforts of others can really produce some exciting
numbers, in this example over $125,000 a year in income! The
exciting thing about this is that you are not limited to just
five people, you have the ability to grow a very large income
very quickly.

Positive Points

1) You don't have to wait until you're experienced, you can start
right away.

2) You are not limited to earning from the efforts of just five
people, your earnings can come from as many personal recruits
that join your business.

3) You can earn from the personal efforts of those you recruit as
well as the people they themselves introduce to the mortgage
business!

4) Your earnings can be generated from other team members
throughout the United States representing every conceivable city
you can think of or have never heard of.

Am I beginning to get your attention yet?

By now your mind might be flooded with additional questions. One
prevailing question might be...

"There are already many people in the Mortgage business, how can
we compete?"

To be perfectly honest, many people who are approaching the
mortgage business with old worn out models are finding it
difficult to survive, while companies and individuals who are
embracing these revolutionary new concepts are exploding in
growth.

In the USA, the housing market has been booming, but now it is
leveling out or even shrinking in many areas. Most of those
homeowners would love to save on their mortgages now, and their
need is likely to increase if the market keeps going down. There
are some very creative mortgage services available online, with
some research you can make a very good offer to your customers.

If you want a real, tangible business that you can run from home,
using the Internet, this is a good one to consider. Spend some
time searching the web and reading up on this and I think you
will find the information you need, and some good groups who will
be happy to help you launch yourself into this business.

It's a win/win. You will be helping others at the same time that
you build a long-term income and a business to be proud of, for
yourself.

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Related Information of Interest:

A Dog Day Care business can be a lot of fun!
If you love dogs and you enjoy making money then a dog day care business may be a very good fit for you!

Let me ask you a question, "Can you imagine starting your very own dog day care business?" If you asked yourself that question and still aren't sure, let me give you a bit of dog day care business advice....

First, make sure that you truly love dogs. Second, study your area and see if there is a large dog population. Finally, get some legal advice.

You see, if you love and care for the dogs that you keep, the chances of your dog day care business being a huge success is much better than if you are just starting a dog day care business for the money.

Now the reason that I mentioned studying your area to make sure there are plenty of dogs is simple, no dogs equals no money for your dog day care business!

Here's a dog day care business tip: See how many veterinarians are in your area. Also, be sure to look in the paper at the classifieds section.

Finally, I mentioned obtaining proper legal advice. A local attorney in your area can give you valuable information about starting a dog day care business in your area. You want to make sure you comply with all laws.

A dog day care business can be a lot of fun! Just make sure you enjoy dogs, research your area, and always obtain good legal advice.

Good luck in your dog day care business endeavor!

About the Author

Kelley Blackston
"Thousands Have Discovered This Little Known Secret To Making Money With A Dog Day Care -- Now It's Your Turn..."

www.startadogdaycare.com

The Best Way To Save Money On Advertising - Target Locally
Over the years I have discovered exactly what derails an ad. More often than not, when an ad fails to produce results, the problem isn't with the ad. The problem is with WHO the ad reaches.

Before you start blaming lack of response on your ad, stop a moment to consider who it is TARGETED to.

Let's take a moment to look at Internet advertising. First off, let me say I dearly love advertising on the Net. The advertising rates for search engines and ezines are far, far lower than advertising your business on traditional media like TV or newspapers. For what one TV commercial would cost, I can advertise a business extensively for weeks, even months.

But, as I'm sure you've realized by now, the Internet is no magic advertising medium. Just as often as with anywhere else, your ad can pull less than expected response. The problem is with lack of targeting.

If most or all of your customers live in the geographical area of your store, using a search engine to reach people all over the world doesn't make much sense. You can consider your money wasted when somebody who will NEVER walk into your store reads your ad.

The solution is to advertise on sites or ezines that reach YOUR customers at a very high rate. This could be a local site that provides sports scores for dozens of local sports teams. Or a site that lists a great many local building contractors. Very specific information needed by people in YOUR area will draw just the kind of local crowd you can capitalize on.

We're seeing a sudden rise of local pay-per-click search engines. These use the same popular technology as Google and Overture, but limit their reach to businesses in a particular city, state, or region.

Often these local pay-per-click sites have very low rates, a little as one cent per click. Many offer as many as 1,000 free clicks to any business that signs up.

Be sure to check if the pay-per-click site has plenty of businesses listed in their database. An empty site won't attract many visitors and you may not reach enough audience to have any effect on your sales. Also watch for a pay-per-click that is promoting in your area. If they are visible to you, they are probably getting the attention of lots of your customers.

Linda Stevens is CEO of MyCalgaryClicks.com, the local Pay-Per-Click city search directory for Calgary, AB Canada. Linda believes in following her own advice and is offering $10 in free bidding cash to any site that signs up to advertise. Reach Linda at support@mycalgaryclicks.com

Marketing a new business without a big budget
Anyone who has started a business without a lot of start-up capital has faced a vicious catch 22. You have to market your company in order to increase sales, but until sales have increased (and you've received payment) you can't afford to market your business. Fortunately, you've got more options than you realize, after all, more than a few other businesses have gotten past this hurdle. So can you.

First of all, don't advertise in the newspapers, on television or the radio because it can take considerable time to see results from these mediums and at this stage of your business, your budget will likely be gone long before you see them.

One powerful way that a business with a small marketing budget can gain exposure is by innovative marketing company that specializes in guerilla marketing techniques to help smaller companies compete with larger companies and win.

How You Meet Adwords, Google AdSense’s Fraternal Twin?
They are the fine men and women who are willing to part with some coin of the realm every time a visitor to your web site chooses to click on an AdSense ad. Google grabs the cash from the AdWords' member’s account, keeps some of it for themselves, and gives the rest to you. How much they keep and how much give away is a State secret, but who cares; just as long as we’re getting ours each month.

How AdWords Works

AdWords provides pay-per-click advertising to merchants who are willing to shell out anywhere from a minimum 05 .05 per click all the way up to a maximum of $100 per click. Can you imagine anyone paying $100 just to have someone click on an ad?

Anyway, the advertiser joins the AdWords program and gets a control panel similar to the one that we AdSense users get. They can write their ads, pick their keywords, and establish an advertising budget. They get tools to track performance as well as to help them pick keywords. There are no monthly minimum spends required and they can turn their ads on and off at will.

Once an advertiser is happy with their ad, it gets released to the network and shows up on web sites like yours and mine. That’s if the keywords on your site match the keyword requirements of the brand spanking new ad, of course.

They can’t “buy” their way to the top

Google doesn’t simply push the people with the highest paying ads to the top of the SERP (Search Engine Results Page). They use a rather fair methodology that takes into consideration not only the maximum CPC (cost per click), but also includes a secret recipe for determining an ad’s placement based upon the number of clicks the ad receives. So, at least in theory, an ad paying .05 per click could rise above one paying $5.00 per click if it’s more popular with Google’s audience.

I say “in theory” because if the owner of the $5 ad is paying attention then he or she will see that they are being bested by a lowly nickel ad and do some serious rewriting to get back up to the top where they belong.

Personally, I’m not sure that I have the guts to invest a lot of money into hoping that people who click on my ad will actually buy something, since I still have to pay Google whether I make a sale or not. But, as a dedicated AdSense user, I’m sure glad that my AdWords brothers and sisters have more nerve than I do. And you should be thankful as well.

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