You know well that all businesses with recent UCC filings need a lot of capital to launch their venture. Or when a business is expanding, it needs a quick supply of cash to keep up with the pace. Traditional loans, or bank loans, come with a lot of terms and conditions and can be pretty difficult to get. In such a scenario, a revenue based loan could be of much help. And, if utilized wisely, it could help businesses achieve their desired growth. Since cash is an important aspect of running a business, without it, a business might end up in a growth stalemate.
A merchant cash advance is a very convenient option for all cash-strapped business owners. Typically, these loans are more expensive than the traditional business loans taken from a bank, but one should beware of “too good to be true” financial solutions. Before you decide to target UCC leads for this, you should get yourself acquainted with every aspect of an MCA so that you do not end up in a financial disaster.
As you focus on targeting UCC leads in order to sell your merchant cash advance loan, you’re faced with many challenges, especially when you know you don’t have access to the addresses of potential leads. You’re in a dilemma over how to market and advertise your merchant cash advance loan to people who might be genuinely interested in getting one.
In case you’ve just made up your mind for direct marketing, you’re still on the right track, provided you know the benefits associated with direct marketing. Here’s a refresher to some of the benefits that have kept marketers motivated time and again:
Each year we witness new and prospecting merchant cash advance businesses, run mainly by small business owners and entrepreneurs. All these people who are new in the MCA industry get to see the real world: a world beyond virtual life and social media. What fascinates these newcomers is the fact that they can connect with prospecting clients by means of mailing them a small write up about themselves. But no technique “guarantees” success. Some small easy-to-make mistakes can ruin it all. Now the question is, even if you have a merchant cash advance mailing list, how should the direct mailing campaign be designed so that it reduces or avoids the probability of making these mistakes? Here are some of the mistakes easily made that are quite avoidable:
As merchant cash advance loans have become a popular choice, more and more businesses are opting for this mode of funding. Because of this, the competition is high when it comes to selling a MCA loan. MCA providers try their best at advertising their loans and they may even invest huge amounts of money in their marketing campaigns. In spite of that, businesses don’t get the desired return on their investment.
The merchant cash advance industry is booming right now, ever since traditional routes have tightened the regulations for businesses with poor credit ratings. Therefore, it is time that you, a funding provider, use this opportunity to maximize your revenue. It can be difficult to find the best leads in order to market your business. So, it is recommended that you buy highly targeted leads lists from a well-researched company.
Most people know that an ACH Advance, also known as a Revenue Advance, is a merchant cash advance transaction that is repaid via direct daily ACH bank debits and not from a merchant’s bank account. And as ACH leads are those that use ACH funding, marketers use ACH leads lists to target businesses who are genuinely interested in getting a loan. But, as merchant cash advance lenders, you often face the dilemma of deciding which approach to go with for your ACH marketing.
You know that when you have to embark on a MCA marketing campaign, you need to have your strategies, road map, resources, and time and money all planned out. You have probably tried it before and have had different experiences every time in the past. Now, let’s assume you already have a highly targeted list of MCA leads, but do you know how you can make the most out of the opportunity? Well, all you have to do is educate your prospects on the benefits of merchant cash advance loans when you approach them via email or phone. Make sure your sales personnel is well informed about the industry and that they can answer all possible questions posed by your MCA leads.
We all know that ACH (Automated Clearing House) is the electronic funds transfer network that processes debit and credit transactions in batches. It is widely used by businesses and is a very convenient option for business owners to receive payments from customers and also to send funding to their customers, such as for Merchant Cash Advances. The businesses that send funding to their customers are the ones who would benefit from ACH Leads. Building clients in the merchant cash industry is not an easy task. If you have a merchant cash advance business, then this means you need to reach the right people at the right time. For this purpose, ACH records have proven to be very helpful.
When it comes to building clients, it is no easy task in the Merchant Cash Advance industry. Luckily, UCC leads can prove quite helpful. These lists contain the name and contact information of those businesses that have received a merchant cash advance previously and are expected to seek one again. The contact information of all these businesses is listed in the UCC list, including their contact number, email ID, city, address, etc.
Such businesses are listed in the UCC leads for 2 main reasons: