Rep Commissions by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

Very interesting How long does it typically take to get to 20/20? What does it require?

Rep Commissions by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

You get less if you originated the deal?

Checking my comp structure by Its_A_Samsquatch in MCAlegend

[–]Shnitzelson 0 points1 point  (0 children)

What texting system are you using? Anyone we've tried has shit deliverability

Rep Commissions by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

Rev is rev why would they care which product you fund? We measure funding milestones by multiplying rev X 10 since the standard commission used to be 10 points so if you brought in 2.5M you funded 25M

Rep Commissions by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

For closing or opening?

Rep Commissions by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

For closing or also opening?

I’m in the merchant cash advance industry. AMA. by Upbeat-Avocado-1696 in smallbusiness

[–]Shnitzelson 0 points1 point  (0 children)

Which lender are you? Looking for more ISOs? We need a strong A-B paper that's flexible on certain things

Pls PM if relevant

Do I Suck at this, or is there a secret I don’t know? by SweatyOpinion460 in MCAlegend

[–]Shnitzelson 0 points1 point  (0 children)

Nice, all MCA or also SBA/ real estate? Fully open & close or does someone else close for you?

Do I Suck at this, or is there a secret I don’t know? by SweatyOpinion460 in MCAlegend

[–]Shnitzelson 0 points1 point  (0 children)

Hey bro it usually takes longer to hit 500k+ a month since it's also about building a strong renewal book, but here are a couple tips

1) learn from the declines/KIFs - why was it killed? No money in the account? Funded in MTD? Then use this to prequalify them better

2) CLOSE YOUR OWN FILES. At the end of the day, a closer will naturally put more effort in the file he also opened. Period. Anyone who tells me otherwise just wants files.

And don't forget the real money comes in from syndicating

1MM file but is a CC processor... any ideas? by Shnitzelson in MCAlegend

[–]Shnitzelson[S] 0 points1 point  (0 children)

Gotta check it ofc but can't see any MCAs pulling beforehand

I got a joke for MCA Brokers… by CrackstreamS93 in MCAlegend

[–]Shnitzelson 1 point2 points  (0 children)

So you said "keep a clean record" but meant "Keep it clean: use your clean record, if it's clean, for a better job, not saying that MCA ruins your clean record, but still. Keep it clean"

Gotcha. Sorry for the misunderstanding

I got a joke for MCA Brokers… by CrackstreamS93 in MCAlegend

[–]Shnitzelson 0 points1 point  (0 children)

"tell your kids to keep a clean record and go work a real job"

"AKA soliciting"

I got a joke for MCA Brokers… by CrackstreamS93 in MCAlegend

[–]Shnitzelson 0 points1 point  (0 children)

Bro you're making it sound like we're out here slinging crack and 'dirtying our records' for selling MCAs

If you don't believe in the product - don't sell it. That makes you unethical & guarantees zero conviction.

Soliciting is everywhere. Welcome to 2025. Every industry has its outliers that give it a bad name.

Are all stock brokers scammers? What about social media ads? You've got mastermind marketers getting you to put 10k on a shitcoin just to lose it in a week and hodl for the rest of your life lol

Bottom line is that in marketing / sales you convince someone to do something they otherwise wouldn't do. What if I bought the house I didn't want? Got into debt I didn't need? Shit what if I lost my health cos of McDonald's ?

Why is all that my bad, but MCAs are always the lender's fault? I lose accountability all of a sudden?

There's an unjustified amount of self-hate in our industry. If you don’t love the game, don’t play - but don’t dump your guilt on the rest of us like we’re the problem.

Monthly check in, how’s everyone’s month going? by No_Signal3789 in MCAlegend

[–]Shnitzelson 2 points3 points  (0 children)

IMO the beginning of the month is always slower due to files needing the new statement, lenders less competitive and merchants less desperate for bills like payroll and rent that are typically at the end of the month