Merchant Cash Advance industry is growing and gaining more popularity, as lenders are looking for ways to fund businesses in MCA more. Following the 2008 Great Recession, a great number of business owners and merchants lost their credibility to acquire bank loans. Mostly because of the depression in credit scores, businesses now turn to alternative ways of funding to keep activities running. Merchant cash advance came as a probable solution and gradually it’s becoming the preferred solution.
Lending organizations have the opportunity to reap profits on large scales in this matter. As businesses are increasingly switching to alternative loan systems like Merchant Cash Advances; ISO’s, lenders and MCA providers are seeking techniques to fund businesses further. Like in any business, it needs valued customers to gain profits and grow the company.
Fund Businesses in MCA | How does it work?
To fund businesses in MCA, the obvious thing you need is customers. They’re the interested business owners and merchants looking for funds and incapable of approaching the banks. We know these prospects as Merchant Cash Advance Leads or in short, MCA Leads. Leads are essential for any lending company. So to finance more merchants and grow your funding business, you need qualified MCA Leads regularly to approach and convert.
Other than that, you need a target market for your services specifically. Concerned consumer base is created through targeted marketing campaigns for consecutive periods of time. MCA lead generation is an automated process if there’s a definite market for your business. They follow your marketing, advertisements, operations and with a convincing strategy implied; transform from visitors into valuable MCA leads. A quality MCA Lead feature:
- Authentic business owner and merchant.
- Name, address, and contact details of the business.
- Running business for a minimum of 1+ years.
- No bankruptcy in the previous two years.
- Monthly gross bank deposit of $10,000.
5 Ways to Fund Businesses more and Increase MCA Sales
In order to fund businesses in MCA and expand Merchant Cash Advance sales, we can obtain quality MCA leads and introduce MCA marketing campaigns. Below are 5 considerable ways to finance more merchants in MCA that can be useful.
1. Launch MCA Marketing Campaigns
For any MCA Loan provider, finding prospective clients is always a challenge. Hiring a reliable lead generation service and initiating marketing campaigns on Merchant Cash Advances can be the likely solution to this. But if you want to succeed in MCA, increase funding and have conversions in great numbers; you should always go for MCA Live Transfer Leads. Live transfer leads are the most cost-effective leads with the fastest conversion rate. They’re always exclusive and leads on the other end are ready to receive funds as soon as possible.
Merchant cash advance live transfer leads can be the ultimate answer in increasing sales, though you have to be careful when choosing the right vendor. Business Loan Leads provide exclusive live transfer leads for MCA and they have a 100% contact ratio. Our live transfer leads happen in one phone call, where an agent qualifies the merchant and transfers to the funding manager at the same time. To guarantee your investment, we also offer replacements for bad leads. So if we are talking about increasing MCA sales and fund more businesses in time, there aren’t possibly faster ways. Learn everything about MCA Live Transfer Leads and get a move on to succeed in MCA.
2. Commit to MCA Leads Generation and don’t be Stingy about it
Buying exclusive leads is not enough, as you should invest in Lead Generation. Quality MCA leads have a lot to say when it comes to succeeding in Merchant Cash Advance further. There are plenty of ways to generate MCA leads. The world has become digitally connected, and you have unlimited sources and tools. Right use of these can gain you quality leads on a daily basis. Social media is a great place to start, where you can lunch campaigns to inform people about your services. You can use email marketing, Google AdWords, newspapers, or even door to door marketing.
Search Engine Optimization (SEO) is an efficient way to generate leads. It’s also more targeted and precise, as you get traffics from interested sources only. Business owners or merchants who are looking for alternative ways of getting a loan, they search and find you on the internet if you invest in SEO properly. And last but not least, the most effective method of generating leads is Telemarketing or Cold Calling. It’s also the most practiced way of getting good leads and make sales, used by various companies and lead generation services. Some of the platforms and techniques you can use overall:
- Door to door marketing
- Digital Media and Social Media marketing
- Email marketing
- Newspaper Ads
- Google AdWords
- Search Engine Optimization (SEO)
- Telemarketing/Cold Calling
Among the leads generated from these sources and methods, go for Live Transfer Leads first. They tend to have the highest conversion rate that will boost your MCA business rapidly.
3. Be quick and trigger Word-of-Mouth Marketing
In your MCA business, serve your clients fast. Businesses move quickly, so close deals ASAP and move to the next client. Be sure to have served the client properly and met their needs while doing it. If you have an effective, and efficient funding system at the same time; you’ll automatically create a Word-of-Mouth marketing system. Word-of-Mouth or WOM is the type of marketing when your customers spread the word of their experience and draw more customers. If you finalize funding deals professionally and in a matter of time, it will show the clients that you are a serious lender. At the same time, it will boost your clients’ confidence and they’ll find more merchants for you to fund.
4. Use Fresh Database of leads and Approach Smartly
Always try to keep your leads database up to date. If you are using a call center or getting leads from lead generators, make sure you get exclusive MCA leads. To fund more clients and escalate your business, it is important that you get fresh MCA leads, not the ones previously used in recent times. There’s replacement guarantee for exclusive leads so don’t sweat. Go for MCA live transfer leads for the highest return.
5. Buy Aged Leads lists from Lead Generators
Since we have stressed the point that you should always go for exclusive leads, here’s a pointer. Exclusive and fresh leads are great for profit but it’s not enough if you want to finance businesses to a greater extent. So while performing closures on live transfer leads in MCA, get a bulk of Aged Leads from your reliable vendor and try them alongside. You may not get a good conversion rate, but MCA aged leads are always worth it because they cost less than a dollar. You get your upfront profit from live transfers and exclusive leads, and meanwhile; grab one or two customers from aged leads to utilize the time.
In any MCA business, gaining more clients is always the target for lenders. We have sorted out 5 effective ways to successfully operate and boost MCA sales. Almost all of them include lead generator services’ helps and this really is the case. In order to focus on business and improve, you should rely on a reliable leads vendor to fulfill your needs. Business Loan Leads offers both exclusive MCA leads and aged leads that can take your MCA business to the next level. We are partners with a number of satisfied customers who are successfully in the MCA business and doing a great job by using our services.
Reach us and get exclusive business loan leads for your merchant cash advance lending, and fund businesses in MCA more.
Recommended: 9 Reasons to Buy MCA Leads from Lead Generators