www.armstrongcapital.com

March 25, 2015

www.secretsofpaper.com

     Volume 4  Note-able Newsletter  Issue 12     

President's Corner - Tip of the Week - Weekly Quote - Feature Article

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

        Whether you have never used an HP10BII calculator before, if you use a different calculator OR if you have never used ANY calculator before, Calculator Secrets will walk you through the process of calculating the term, payment amount, remaining balance, balloon amount, interest rate, yield and much, much more.  You will work through Beginning, Intermediate and finally Advanced calculations by following a simple step by step process and each new thing you learn will be followed by actual worksheets of real life transactions for you to practice on (and we may have the answers for you also).  By the time you are finished with this book you will be a calculator wizard!

Click for more info and to order TODAY! Order in March and you will also receive the Extra E-book Supplement for FREE ($19.97 value)!

Tip of the Week

          Did you know...

 

When you get a good idea for your note business write it down and try it out as soon as you can.  If you don't write it down, it may be lost for the next twenty years.

 


Upcoming Events

 

April 30-May 2, 2015

     Las Vegas, NV

     Paper Source

     Note Symposium

 

TBA 2015

     New York, NY

 

TBA 2015

     Atlanta, GA

 

TBA 2015

     Scottsdale. AZ

 

TBA 2015

     Chicago, IL

 

TBA 2015

     Los Angeles, CA

     Secrets of Paper


Ask Jeff to speak, energize, motivate, teach and train your group!


Quote of the Week

 

Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared.
                                                         ― Buddha


President's Corner

       Last week I gave you four of the nine steps to beating note holders objections.  This week I have five more for you.

       5) Don't become adversarial. Objections are part of any sales and negotiating process and should not be taken personally.

       6) Restate the concerns. This will help you better understand the objection and give the note holder an opportunity to clarify any point you may have misunderstood.

       7) Acknowledge the legitimacy of the concern. Dismissing it outright will only add fuel to the fire and push them further away from acceptance of your options.

       8) Answer the objection with credible information. Use other note holder testimonials, statistics, and real life examples to calm the note holder's fears.

       9) Always strive to create a win-win resolution.  Find a solution that is acceptable to all parties.  That is the key to forming any kind of lasting note business relationship.

       There you have it, nine ways to beat note holders objections. Practice one or more of them the next time a note holder presents you with an objection.

       Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


If you need a Valuation Estimate or an Appraisal of today's cash value of your secured or unsecured notes, for the purpose of Estate Planning, Financial Planning, Income Statement Preparation, Balance Sheet Preparation, or any other purpose we can help.

Read more and contact us today.


  

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Feature Article

Note Broker Mistakes

        I often get lots of questions from new individuals in the note business of what to “do” in the business or how to get started. But not many ask me what “not to do” or what mistakes to avoid.  After thinking about it for a while I came up with a top ten list of mistakes and things to avoid... Read More...


Question of the Week

Q - Hi Jeff,

          I am working with a woman who thinks she will get in trouble if she gives me her payors SS# or credit scores.  How do you deal with this concern?

                                                      ~ Richard

A - Hi Richard!

          Thanks for the email! This is very common. I just make sure they know that without the SS# we may not be able to pay our best price and we will offer them much less without knowing the credit situation. That sometimes spurs them to get it. Also I mention to them that even if they do not sell the note they still are entitled to have the payors SS#'s because every year IRS requires them to send to the payor a 1098-INT form stating how much interest they have paid to them over the last year. That sometimes gets them in the mood to get it. Lastly I send them my Credit Authorization form that states the specific codes of the Federal Fair Credit Reporting Act that entitle them to have it and be able to authorize us to check the payors credit. Hope this helps!                                                          ~ Jeff


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