Are you tired of chasing after leads and clients? Want to tap into a hidden source of new customers without breaking a sweat?
Well, today, I'm gonna share the Top 5 Credit Repair Affiliates that will supercharge your business!
An Affiliate referral partner is a business or business person who agrees to promote your products or services to their customers in exchange for a fee, commission, or some other reason that benefits their company.
Affiliates tend to be in industries related to your business, but more importantly, they have an audience that aligns with your target market. The partnerships you form with them are cooperative, the rewards are shared, and the terms of the agreements are usually spelled out in writing.
Recruiting the right Affiliate partner will allow you to leverage their customer base, expertise, and credibility to generate leads, boost sales, and accelerate the growth of your business!
HOW THIS RELATES TO US?
When it comes to Credit Repair, there are plenty of potential Affiliates. Entire industries are based on consumer financing, and those businesses are constantly forced to turn people away due to credit issues.
For each business that relies on credit approvals, each customer they turn away represents a lost sale. But for you, it's an opportunity.
You can convert any of these businesses into lead-generation machines. All you have to do is reach out and offer them some form of benefit for every referral they provide after a customer is turned away.
HERE'S THE THING TO REMEMBER
In some cases, compensation comes in the form of commission. In other cases, it's the simple fact that you'll repair the customer's credit so they can return to the Affiliate and qualify for the product they were originally denied.
Either way, you're offering to turn what would've been a total loss for them into your mutual gain, and they would be wise to partner with you.
With Credit Repair Affiliates, the bottom line is that they have customers that are being denied houses, cars, dental implants, solar, or any other high-ticket item because they need a higher credit score. That's exactly the type of motivated client you need for your business!
HERE'S WHY THIS IS IMPORTANT
There are countless potential affiliate partnerships, ranging from dental offices to jet ski companies, all of which rely on credit-approved consumer financing. However, some businesses offer more value and present greater opportunities than others.
The Top 5 Best Affiliate Partners for Credit Repair Businesses are:
#1 Mortgage Brokers and Loan Officers
Mortgage Brokers and Loan Officers are excellent affiliate partners because they work directly with clients seeking home loans and other large purchases. They understand the need for a high credit score to obtain favorable loan terms, and they regularly turn away clients who need credit repair services to be approved for loans.
Instead of coldly denying a loan and turning a customer away, Mortgage Brokers and Loan Officers can offer a valuable solution in the form of your Credit Repair business.
In this case, they generate a hot lead for you, and you help their client get into a better position to qualify for their loans.
Now, due to the Federal Real Estate Settlement Procedures Act, you can't offer paid commissions to Mortgage Brokers and Loan Officers, but you can take their denied applicants and turn them into approvable clients! And that's very valuable to them.
#2 Real Estate Agents and Realtors
Real Estate Agents and Realtors make fantastic affiliate partners because they also work closely with clients looking to purchase a home. Similar to Mortgage Brokers and Loan Officers, they understand the need for a high credit score and deal with a steady stream of people who need credit repair services to achieve their dream of owning a home.
Real Estate Agents and Realtors are also bound by the constraints of the Federal Real Estate Settlement Procedures Act, but again, you can take their denied clients and turn them into approvable clients! And that will increase their sales.
#3 Tax Preparers and Accountants
Tax Preparers and Accountants are wonderful affiliates because they deeply understand their client's financial situations and can quickly identify those who would benefit from credit repair services.
They've already built trust with their clients regarding financial decisions, so their recommendation will go a long way.
In this case, you get warm new leads, and they get to offer a valuable additional service that will help their clients achieve their financial goals.
#4 Auto Dealers
Auto Dealerships are another excellent source of Affiliate referrals because they interact heavily with credit-challenged consumers seeking financing.
You can pay Auto Dealers a commission for their referrals, but most Dealers aren't interested in waiting around for the customer to improve their credit. The Dealers assume by the time their credit is repaired, the customer will change their mind, shop around, and go somewhere else.
However, the Sales staff at the Dealerships are very interested in earning commissions for referrals, and they see a high volume of foot traffic. A motivated Salesperson can earn an extra few hundred or even a few thousand dollars every week with the right affiliate referral agreement.
Some of our most successful Credit Heroes just walk into Dealerships with a few pizzas and ask to pitch the entire staff their offer. They explain the commission for referrals process, highlight the benefits of partnering up, and before the cheese gets cold, they have their agreement.
#5 Consumer Goods Stores
Consumer Goods Stores like furniture, mattress, and even cellphone stores make good Affiliates because they serve a large number of people who rely on credit for making their purchases, many of which need credit repair.
They see a much higher volume of customers than businesses like Mortgage Brokers. But the items being purchased are cheaper and usually less of a necessity, so the leads aren't quite as motivated.
These retailers understand the importance of a healthy credit score and its impact on customer purchasing power. Most even offer in-house financing now, so they recognize the value of credit repair services and the effect it can have on their sales.
Similar to Auto Dealerships, most Consumer Goods Stores believe if the customer doesn't buy now, they'll never see them again. So don't let that opportunity go to waste. Go to the store with some pizzas.
Instead of letting that disappointed customer walk away with nothing, provide them with a referral for your services, and that Salesperson will earn a commission. It's that simple!
These partnerships are win-win propositions. All you have to do is find some potential Affiliates in your area, research, select, and recruit them.
HERE'S WHAT YOU NEED TO KNOW
For many new business owners, recruiting an affiliate can feel daunting. But don't worry! The hardest part is usually just accepting that you will get some "nos" and "no thank yous," and that's okay. This is a game of repetition, and you will get better every time you do it.
When you're searching for Affiliates to recruit, don't just recklessly try to get everyone, there are a few key aspects of each business that you want to pay close attention to.…
Look for Credibility: Check their online presence, websites, social media accounts, reviews, and testimonials. A quality Affiliate should have a good reputation and be a trusted authority in their industry. A respected partner will give you credibility and help you gain the trust of their referrals.
Look for Opportunity: Are there signs of success? Is the store always packed with customers? Are they considered the best in town? Is the business expanding? If you pitch a potential affiliate, you want that business to be worth your time and effort.
Look for Collaboration: Establish open lines of communication early and discuss expectations, goals, and tactics to see if the personalities fit. A good affiliate partner will be responsive, active, and open to building a long-term, mutually beneficial relationship.
If the fit makes sense, pitch the potential affiliate confidently, and draft an Affiliate Agreement to make the partnership official.
For more detailed instructions on building Affiliate partnerships, go to CreditRepairCloud.Com/FreeTraining and register for our Masterclass!
The Masterclass includes Affiliate network training, six months of CRC Software, and additional business courses. It also provides sample Affiliate Agreements, Tax Forms, Pitch Decks, and Recruitment Scripts.
HERE'S MY FINAL POINT
Building a successful business takes a lot of time and effort, but if you harness the power of Affiliate partnerships, you'll lighten your workload, generate more leads, and grow your business faster!
I'LL END BY SAYING
If you still need a Credit Repair Cloud account, check it out. It's the software that most Credit Repair businesses in America run on. Sign up here for a Free Trial!
And if you'd like to change lives and grow your very own Credit Repair business, check out our Credit Hero Challenge!
It's an amazing program, and we've got another challenge starting in a few days, so grab your spot right now at CreditHeroChallenge.com!
So take care, Credit Hero!
And Keep Changing Lives!