The sky’s the limit, but when you're building a credit repair business, you might actually make more by charging less. Remember, the goal is to “scale” your business. How do you do that?
Tip #1: Run Projections
How much credit repair agents make depends on how they are able to scale and grow their business. The most successful credit repair specialists grow slowly and methodically, with reasonable pricing. Additionally, it’s important to offer good service so happy clients continue to use your service for a very long time (and tell their friends).
Run this Credit Repair Business ROI Calculator and run some pricing projections!
Tip #2: Pick the Right Method
People charge all different ways: flat fee, pay per deletion, etc. But of all the methods we see, charging a one-time “first work” fee followed 1 month later by affordable, recurring monthly payments is always the ticket for high revenue. Business experts agree that pricing structure is one of the most important aspects of a profitable fee. A pricing structure may determine how much credit repair agents make.
The idea is simple:
- If you add a few more “Paying” clients each month
- And you keep your existing “Paying” clients happy
- Your revenue will INCREASE every month!
Credit repair millionaires agree that this is how credit repair works to make you thousands each month in recurring revenue!
Tip #3: Making it Affordable
Since each client takes less than 5 minutes of processing per month (after setup) a proportionate credit repair price is appropriate. Then just focus on getting more and more clients. Give them awesome service and educate your clients on how to better manage their credit.
To determine the exact fee to charge depends on your clientele, but here’s a hint:
You might also want to visit the websites of the largest credit repair companies. The biggest one in America has the initials “LL.” They are making millions and millions with a proven business model, so why reinvent the wheel? Just don't copy any text or images from their site or you will hear from their legal department.
Tip #4: Get a Merchant Account and Setup Recurring Billing and Payments!
You’ll accomplish this in two parts:
1. First you’ll want to get a Merchant Gateway Account. Try this one: Merchant account for Credit Repair
2. Next, set up ChargeBee within your Credit Repair Cloud at My Company>ChargeBee.
This is our most-requested feature ever! This integration gives you awesome superpowers to set automated recurring client payments by credit card within Credit Repair Cloud!
ChargeBee is a leading recurring billing platform (and the most affordable we’ve ever seen). ChargeBee was founded by members of ZOHO, and their team are fantastic. This special integration is the first automated payment system ever designed specifically for the Credit Repair Industry!
A Chargebee "Launch Plan" is FREE for unlimited use for your first $50,000 in revenue.
Chargebee handles all common types of credit repair billing:
- Monthly recurring payments
- Pay-per-delete (triggered by status change)
- 1-time charges.
- Automated email notifications
- Dunning management for declined cards
- Invoice billing
- Client Signup from your website
- Collect payment at start — or delay until after “first work” (Round 1 letters)
- Syncs with Credit Repair Cloud accounting
- Compatible with Authorize.net and all major Gateways
Once you have your Merchant Gateway, sign up for ChargeBee. Get FREE Chargebee account from the link in My Company>ChargeBee.
Hopefully this was some assistance to introduce you to the lucrative benefits of recurring revenue.
If you're wondering how to launch your very own credit repair business, join our 14-day Credit Hero Challenge today! We'll walk you by the hand so you can launch your business, sign new clients, and get amazing results without any prior experience whatsoever.