Monday, May 11, 2009

What About Competition?

The commercial debt resolution profession is relatively new and typically under-represented in areas around the country. However, most large cities will probably have some competition in this business.


The good news is: there is plenty of business to go around! Lawsuits involving financial disputes between companies are filed daily all over the country and there is no way for one or even several debt resolution firms to handle them all. Additionally, these debtor companies typically have several other problems you will be able to settle. And, if you work on building a wide referral network using my many suggestions, you may never encounter another debt negotiator.


In my local area, I know of at least one other debt resolution specialist (but I am sure there are probably a couple others). He and I bump into each other occasionally at the courthouse and we are on friendly terms. We have even met for coffee to exchange ideas on the business. Fortunately, there is plenty of business for us both and I have only encountered one client in the past 11+ years that we both were working.


Don't get concerned about whether or not your area may have some competition. Given the volume of cases to work, you are bound to find plenty of prospective clients happy to pay for your assistance.


Scott F. Soape

Friday, May 8, 2009

Can Anyone Do This?

I am often asked: "What kind of background, qualification or education is needed to be a successful commercial debt negotiator"?

The answer is: "No special background, qualification or education is needed."

My comprehensive Business Plan System will provide you with all the information needed to work this profession. I have written the material so that almost ANYONE can begin their own practice within a couple of days from the date they receive it.

The business itself is not difficult and my step-by-step instructions will guide you through everything required to be successful. There is no need to become some sort of financial guru or master negotiator. If you can read and write and you are comfortable with occasional phone conversations, you are qualified.

90% of this business is conducted by correspondence (fax, mail or email) and I provide samples of the basic form letters. About the only time you will speak with another person is during follow-up phone calls to prospective clients and gathering simple information from clients to ascertain what type of settlement is best for them. Again, I provide you with sample scripts for these calls. There is absolutely no need to meet with anyone face-to-face unless you choose.

Do not be put off by thinking you are not qualified to work in this highly lucrative profession. I will provide you with everything you need to get up and running... and potentially making a LOT of money.

Scott F. Soape