Hellow guys, Welcome to my website, and you are watching How to start a Credit Card Business | $17k Per Month. and this vIdeo is uploaded by TommyBryson at 2019-10-16T18:13:20-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How to start a Credit Card Business | $17k Per Month |
| Video Uploader | Video From TommyBryson |
| Upload Date | This Video Uploaded At 17-10-2019 01:13:20 |
| Video Discription | In this video im going to break down 3 ways to start your own credit card and 2 of those 2 ways require little to no money. How to Start a Credit Card Business make your own Start up Cost Can range from 0 – millions How: because im going to be talking about three different ways to get started Expenses Legal expenses and day to day expenses depending on the way you choose Profits How is the money split and how is the interest accumulated also divided per transaction Fees: interest charges, late payments, and so on. (16-35% annually) Merchant fees: 1-3% per sales transactions Selling data Affiliates Example: The average credit card makes around $213 per customer per year, so if you have a 1000 customers using your card: 213k = 17k per month ( no including other Fees) This varies on the slip between you and the companies you partnered with and also the credit line you're able to offer. Key: Three ways to start 1. Affiliate program: So this more like Story: have you ever notice when your searching for credit cards or offers, certain websites pop up, and they offer you certain card. Well, whenever you sign up or become a lead, they get paid. Nerd wallet and Bank Rate: These commissions vary by product - So if you become a blog that advertises and creates value, then you can make some solid income. Example: Capital Bank: You refer people, and once they get an account, you get paid $25 per person. Higher-end ( Credit Assistant Network ): These people pay $95 per sale of a product and also 1.25 for every lead. ( just by inviting people to check it out you could make money) Even Experian has an Affiliate Program: Pays Between 0-100 bucks Link to more: https://onemorecupof-coffee.com/best-credit-card-affiliate-programs/ 2. Affinity Partnership and CoBranded Credit Card Affinity Program: this is more for non-profits and affinity groups ( people linked by a common interest or purpose, like employees or a corporation and so on), where a bank work in partnership to issue them a credit card for their non-profit with logo, and the non-profit in return gets a commission. Co-Branded: This is a deal between a business and bank/issuer or sometimes the card network themselves Example: Think about airlines like JetBlue and credit cards or Macys and credit cards, those are all Co-branded deals Pro: Offering perks for your business when they use the card their, gives them a reason to come back Example: if you have a JetBlue card and buy some tickets to a flight to Moscow, you’ll get 5 points per dollar, you spend money somewhere else you’ll get 1 point - These cards also are used out of your store since they are either visa or master card and so on. Step 1: Partner up with a bank to issue these co branded cards Step 2: let them handle the rest Example: notice how amazon has these store cards and visa cards Visa cards: are run by chase Store cards: Ran by synchrony bank Or Work with third party Credit card provider Example: Visa, Master Card, American Express or discover Amazon: also works with American express 3. From scratch (this is the juicy Part) or you can Also buy a Franchise Simple Stuff: paperwork and business formation and permits, I won't go into details because if this is what you want, this is more of the grunt work you’ll have a lawyer take care of. List: picture What you’ll Need: A niche for your customer base ( greenlight is kids, Petal Visa has credit builder, - You can even have like cash goes to non-profit programs 1 for you and for 1 for them You’ll need to finance those Credit Lines yourself - You need a lot of cash and resources - 1000 people join, and they all need 1000 dollars: that’s a million dollars right their - Personal savings, angel investors and loans Fund the business aspect ( including staff and credit card processing equipment and software) Interesting fact: there are more than 550million credit cards in circulation in them alone And you always: become a credit card issuer as in the manufacture of the plastic * PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽💻DISCORD PRIVATE GROUP👨🏽💻 ( Limited - Comment if Full) https://discord.gg/JVsXZ6h My Camera Gear: https://amazon.com/shop/tommybryson ✔ Help Us Reach 50,000 Subscribers: https://goo.gl/0wvm6w Social Media~ Facebook: https://www.facebook.com/tommybryson.yt Twitter: https://twitter.com/TommyBrysonVlog Instagram: https://www.instagram.com/tommybryson Snapchat: tommy28fly |
| Category | Education |
| Tags | tommybryson | how to start a credit card business make your own | business credit | credit card | business | credit | business credit card | business credit cards | how to get a business credit card | credit repair | how to build business credit | corporate credit | funding | banking | best business credit cards | best business credit card | credit cards | why get a business credit card | how to get business credit | how to get a chase ink | best credit cards | how to build your credit score | asksebby |
