It's usually not valuable to advertise a credit therapy business on radio and television, unless you do so, on the basis of each inquiry.

Following any free radio and television program, and newspaper featured stories concerning your business, and after that the best way of distributing the news to the word of your business will be via the guest speaker route at public club meetings. And don't forget the women's clubs.

Your conversation to these groups should be scripted, just explaining the shocking number of bankruptcies, the huge losses experienced by business because of bankruptcies; the annoyingly poor record of the American people with money management duties; and advice for support to get back to the fundamentals and teach practical money management courses in the schools, and be model in the home. Such a conversation should bring you a huge round of applause and an ongoing source of referrals.

To take these strive a little forward; establish a Credit and Debit Counseling Seminars or Workshops. You can organize them in the banquet rooms of renowned restaurants in your locality, meeting rooms at your local community college, fraternal club meeting halls, motels, or even churches - because of the suspicion that you are setting up to sell something when you don't charge an attendance fee.

The majority of people are aware of the main thing - which you are trying to sell them something when you ask them to a seminar or workshop. However, most feel that when there is a cover charge, the basic information you will be giving will be more useful than that given when there is no charge to attend. And if they have paid some kind of fee, they will be more at ease in listening and evaluating, without the pressure when they have come "for free."

Seminars are one of the most profitable and fastest traditions of getting a new business of to a running start. When you stage seminars, it is imperative that you flood the area with advertising, being sure to promote the seminar, not the product that you are really selling.

Your seminar script should be mostly the same that I have highlighted for you as a guest speaker, the dissimilarity being that instead of closing with a call for additional education in money management; you in brief highlight the plainness of this envelope deposit system. You then close with an open invitation for those with particular problems or needing special help to call you office and set up an appointment for personalized counseling service.

Prior to when you officially open for business, you will have a uncertain list of people you can perhaps be trained as employees to handle the workload as your business progresses. Rather than pay these people a salary, simply give them a commission for each client they handle.

In other words, you can sign a client for $100 over 10 months, sell the account to a factoring company for 80% of the total, collect $80 in cash immediately, pay your commission counselor $30, and bank $50 in profit with no real work involved on your part. And if you have hired a good counselor, you can rest assured that your client has been well served.

Mainly, that is how simple it is to set this sort of business together and build it start paying off right away. Remember, you must be constantly soliciting new customers, and building the number of customers you or your counselors talk to each day. You should strive for an average of three counseling sessions per day, five days per week, before seriously considering additional help.

At the rate of about ten dollars per month from every account, this will provide you $150 per week or a total account billing of $1,500 per week. By factoring your accounts at 20% of their total value, you will have an immediate cash income of $1,200 for the week. The factoring company will handle all the billing and bookkeeping, eliminating your need for those services.

The key to success in this particular business is, anyhow, to keep this happening on weekly basis. It will depend a lot on your advertising, the service you give, and the status you build.

The primary requisite will be work and insistence on your part, but after you are well recognized, with a few commission counselors working for you, the business can easily gross $150,000 per year in even small to medium size cities. You now have the knowledge; the rest - the action part - is up to you. Best of luck!