Hi there, Oz Konar here. Today I want to talk to you about how to build a six figure business in a niche industry that not many people actually know about. So what I’m going to cover is how to start this business even if you have no background in this specific industry and most people do not and what this business is not and how do you get it off the ground to six figures and and why it works really, really well. So if you know me already, if you’re a part of my channel, you might know my story, you might see the hundreds of people who’ve been building this business successfully to the six and seven figure level. For those of you who might see me for the first time they might be wondering who the heck I am. “Why am I going to listen to this guy?” That’s all good questions.
So, I’m going to tell you what about myself. I’m not going to take 15 minutes to go through rags to riches story I’m sure you can care less but at least I want you to see that the information you’re getting is coming from an actual source who has actually done it. So what I’m going to talk about is no theory or no textbook type of generic stuff on how to make six figures on doing random things it’s very, very specific.
My journey started when I was seven years old
So my name is Oz Konar. My first entrepreneurial journey started when I was seven years old. I was selling water in flea markets pretty much with a pitcher in glass. And since then I had this entrepreneurial journey of owning my own business but life brings different things your way. So my family was big on formal education so I did my schooling, I finished college, doing double major only to find out that I had no marketable skill. Because my goal was to get rich. I come from a low income family so lack of money was always an issue growing up so my motivation was not to finish a fancy college or have a bunch of degrees or a diploma I wanted to be wealthy.
I joined a corporation
So, I knew that the only way I could do that is through running a business but after college I really didn’t have much skill. So I started doing what I knew how to do which is selling so I joined a corporation and started selling for them and climbed the corporate ladder. And in a couple of years I started making really good money only to find out that wasn’t really satisfying to me because now I was making the money but I really didn’t have time for myself and for my family. And I was seeing people who were 20, 30, 40 years older than me being let go because this company didn’t need them anymore. So, I noticed that they were becoming a disposable asset, I didn’t want to be that person fast forward 40 years.
I left my good paying job
So at a young age, I left my good paying job to start my own business. I became an online entrepreneur, made my first million in a relatively short amount of time. Then ever since then our business has generated a couple of million dollars a year running our business online and I’ve been teaching how I’m doing what I’m doing to our members in the community. So today I want to walk you through this business model. So, this is little bit about me but you can find out a lot about me on our website. I’ve been featured on major publications such as Forbes and USA Today, Entrepreneur, and many other publications I interviewed by major media. But that’s just about me.
Building a six figure business
But the business itself is building a six figure business has to have certain elements in there. So when you think about it how do you build a successful business depends on two main elements. Solve a problem. The second element that needs to be in place, sometimes one is enough, sometimes you need to have the second one in there combined or they individually make up great businesses, satisfy a desire. Satisfying a desire is not necessarily that you’re solving a problem. A lot of times a lot of the online gurus talk about, “Hey, you’ve got to solve a problem, you make a lot of money when you do that.” That’s awesome. But don’t forget that all of us who live in United States and Canada and the modern world a lot of the things that we buy it’s not really solving a problem.
Do you really need the latest version of the Apple iPhone or your Google phone or anything like that? You don’t really do not. So it’s not really solving a massive problem. Another couple of pixels on the camera of the phone is not solving a massive problem but it is satisfying a desire. It makes you feel important. It gives you a status. So there are a lot of products like that in our lives that they’re not really solving a problem but it just makes you feel good. So any company who offers products and services that help someone feel good or solve a problem or a combination of those two will help you build a six figure and seven figure business.
But it’s not that easy, there are a lot of businesses out there that seem to be doing that but they might be over-saturated meaning that there are a lot of people offering the same solution and then it becomes a matter of the price problem. Whoever’s offering the price or better quality, there are a lot of variables. But today I’m going to talk about a business that it doesn’t really deal with stuff like that because it’s not a saturated industry but the product it offers it doesn’t get old, it’s always a need for all the businesses. It’s the business of providing money to other businesses.
Access to capital
So let’s talk about what that means for a second. So when someone starts a business or they are currently in business the most common problem they have is access to capital and when they need more money to either start, survive or grow their business because these are the only three areas when they need the money. Either they want to start a business or they started it but they’re in the survival mode and because of the times that we’re going through right now this is a lot of businesses. So the revenues dropped and they might be forced to close down or what they were selling before is not really valid anymore because they can’t let people into their business of location.
Grow and scale
Or grow, the last one is grow and scale. So when they need capital how do they get the capital? So it’s one of those reasons when they need capital it’s family and friends and banks. So if you’re fortunate to have family and friends who can provide you capital either temporarily or as a donation or under certain contractual terms you’re considered really lucky but that’s not most people. So if you have that, that’s good as a business but most businesses, especially small businesses they need to go through a bank to get funding.
The problem with getting funding
The problem with getting funding through the bank is that the funding options the bank provides is usually designed for larger businesses. It is based on the collateral. So they look at things like how many other businesses you have or how much revenue you have or how many employees you have or if you can show something as a collateral, your car, your trucks and your homes, so a better fit for larger businesses. But the problem, the secondary problem with this is while more than 70% of the businesses they are small businesses. So as you can imagine the problem is the people who need the money the most which is most of the economy can not really get that funding from the banks.
The third option which what this is about, the niche industry that I mentioned at the beginning of the video is alternative lending. So alternative lending is pretty much getting lending through private investors or smaller banks who provide capital based on other criteria that really banks do not accept or are not willing to work with. So banks look at your credit score, alternative lending they have certain products that really don’t care about your credit score. Banks want you to have a collateral like a house, well alternative lending really do not care about your collateral. Banks look at how long you’ve been in business, alternative lending has products that can work out for startups. Banks do not really provide funding for startups. If you walk into a bank today and tell them, “I want to start a new burger joint and I need half a million dollars.” Well, good luck getting that money for a startup but that would not be a problem for alternative lending.
This is a massive industry
So alternative lending is a collection of different lending options which go alternative to banks. And this is a massive industry. This industry has been around for a while but it started peaking during the recession of 2008 because banks, they were already very strict on providing funding to small businesses but because of the recession they even went absurd on funding options and almost totally stopped it. And then alternative lending came and help to a small business to get them the funding they need. So that’s why alternative lending is considered a recession proof business model, recession proof. Why? Don’t forget that the product is offering, in the beginning I told you what makes a business a successful business solving a massive problem. This industry is offering the sexiest product on earth which is money, helping other businesses get access to capital which is really important because that demand will not go anywhere regardless of the economy, regardless of who the president is, regardless of what’s happening around the world. Businesses still will be businesses and more people will want to start their own business and they will need access to capital.
The most lucrative industry
So that’s why this industry that not many people really know about is the most lucrative industry in this day and age and it is truly recession proof. So I’ve been involved with that business model for the past six years and I helped myself grow a pretty good sizable business through that business and for the past couple of years I’ve been teaching others how to do the same thing. So alternative lending is the way to go so you can help others succeed running their own businesses and by you solving a big problem that pays you very handsomely, thus the concept of building a six figure business. The average commission in this industry is two to $3,000. And you have funding options of 10 plus products some of them, which I’m going to walk you through some of them is good for certain situations, some are good for others. So average commission size… Commission meaning we’re not paying you your lender is paying you, you’re truly in business for yourself as an alternative lending broker or alternative finance broker or business loan broker, another term for that.
Becoming a broker
So when you’re becoming a broker and brokering deals with different lenders these are private lenders and we give our members access to these lenders and they work with them and provide funding and help the businesses get the money they need and get paid handsomely per transaction. Another thing that happens is there are options that allows you to build residual income, repeat income.
So you might say to yourself, “Hey Oz, isn’t residual inherently the same thing as repeat income?” Not really. Residual is when you deal with the client once and it pays you for the lifetime of that client. Every single month your check comes in whether you work with that client or not again. Repeat income is you provide funding to a business and you’re an honest person and you help them the honest way and they will need funding. The businesses need funding all the time because now maybe this guy wants to grow. Now you’ve got them off of survival, they’re surviving, now it’s time to grow and scale. And they need more funding they’re just going to come back to you more. That becomes repeat income. So not only do you have residuals you have repeat income, you have upfront payment.
The reason I’m making a list of things, elements that makes this the best business is because a lot of times what brings you here is maybe you were looking for a business model, maybe you were looking at Amazon FBA, or e-commerce or real estate, no money down real estate and passive income through Robert Kiyosaki and things like that. So I’m going to show you how this covers all of that under one business and you can build this from home. You really do not need to go outside and knock on doors. If you do it through the way I teach it you don’t really need to do any telemarketing or cold calling. So, you’re not going to sit by your phone and dial 300 people to generate opportunities because don’t forget that you’re selling the sexiest product on earth which is money so no phone calls.
It’s highly scalable
Okay. What else? And it’s highly scalable so it’s not that when you think about it for you to make six figures you can do it in a couple of different pricing models. You might be selling a product that’s for $20 and you’re making $5 profit then to get to six figures you need to sell a crap ton of them in order to be able to make any substantial amount of money. But if the average commission is two to $3,000 per deal for you to build a six figure business per year all you need is a couple of deals per month. Which is great because you don’t want to have a ton of customers that you want to manage and find and acquire those leads and work on them and close them. A couple of good customers and building a smaller customer base is going to allow you to build the wealth that you’re trying to build.
So residual income, repeat income, upfront payments, you can do it from home, no phone calls and no inventory, no physical product. That’s usually a problem with a lot of the online businesses that requires you to buy stuff and find stuff online or spend countless hours on finding products that you can sell through other people. Product is like the middleman so people buy products to make use of that and you look for products to sell because you want to make money. What if you just give people the money and they can do whatever the heck they want with the money? Becoming that person is very easy to explain, it’s very scalable because I mean people understand your business. You are there to help them since most of them, like 75% of the bank applications for a business loan is declined. I’m going to actually do it in red.
75% of the businesses can’t really get the funding from the bank
So, you are living in this environment that most businesses if you were able to stop by all of them and ask them how they think they’re going to get funding for the business their common answer is, “Well, I’m going to go to my bank.” Well now you know the statistics of 75% of the businesses they can’t really get the funding from the bank that’s the main problem. So, now we understand the business model of what the business is. Let’s talk about a little bit of specifics on what areas you can help people with at getting access to capital.
So I’m going to be a little more specific on the areas that you can help somebody get access to capital if you’re following the right system. So, I’ll do this in dark blue. Yes obviously businesses need money, but in what areas they need the money or where they can use this money? Maybe they are looking for startup funding, that’s the first thing that would come against a lot. They’re looking for some type of funding to start their again burger joint, restaurant, or food truck, or cleaning company, or landscaping company, whatever it is, startup or looking to buy equipment.
So you need to be able to finance their equipment if they need a truck or they want to add two more trucks to their trucking company because it’s booming right now because of what’s happening. So if they go to a truck dealer they’re going to try to do in house financing but a lot of times it’s much better to go to the source of the equipment, a leasing broker or lender to get that finance through that. So as an alternative lending specialist you have access to equipment lenders. A startup is a massive problem. As I mentioned before you can’t really get startup funding. What if we have lenders who provide startup funding up to $150,000?
Three is businesses affected by pandemic. They are doomed if you go by traditional lending. There are a lot of businesses, millions of them who are affected by the pandemic. What if you had ways to provide funding to them regardless of their situation? Real estate, what if you can provide somebody funding through the real estate they own or help them acquire real estate? That’s really important, number four.
Number five, credit. What if you had access to credit related programs and products? So people always search for programs or companies who can help them fix their credit. What if you can have companies who can do that for them or help them monitor their credit or help them improve it or help them get a trade line so they can immediately get access to a higher credit score so they can buy a home, a car, a start up business, whatever they need to do? What if they can access the credit programs? What if the true business line of credit, maybe you are an existing business and you need to have business credit to buy more merchandise so you get a better rate by buying it wholesale. That was not two that was six actually.
Seven, business funding. Business funding is you have revenue currently and you want to, we’re working for working capital another option within this is merchant cash advance. This is usually the working capital. Government backed loans, so what if you can offer loans such as PPP. Because of what’s happening right now government made available a ton of resources for businesses to get access to certain types of loans. What if you can offer that?
And in normal times they have other loans such as SBA and term loans you can offer to businesses up to $250,000 and $300,000 where they can get access to funds and you still become the broker and get paid through that process? What if you can help someone get funding through their retirement funds? What if you have someone they don’t have anything going on like no revenue, no credit score, but they have access to their IRA or 401K what if you can help them convert that into funding without them paying the penalties? Because anyone can call their fund manager for their 401k and try to control the money but then you pay a half the penalty of 20, 30%. What if you have resources available where you can actually pull that money without the penalty?
There are a lot of options
As you can see, there are a lot of options and there are even more options that we haven’t really talked about like for example the invoice factoring. Relatively large businesses sometimes they get paid on net 30, 90, and 120 like a [inaudible 00:20:56] company who does government jobs and the government pays them $80,000. But they say, “Hey, that payment will go through in 60 days.” Well that’s fine, you’re going to get that money regardless but you have employees to pay. You can’t tell them, “Hey man, I’m going to pay you in two months you’ve got to pay them every single week.” So a lot of businesses are stopped from taking bigger projects because they don’t have the cashflow. So, what if you can use the invoices that you receive and go through what we call invoice factoring.
There are a lot of products.
So, and I can go on and on there are a lot of products. So this is what consists of alternative lending and offering, having access to this level of products allows you to be the expert. And also know which is the most important part, knowing the lenders who are willing to work with you, to help you get these deals funded is massively important which allows you to go from zero and not even be from this industry to six even seven figure businesses within this industry. So, I hope this is making sense so far.
And I’m going to go through the final bit of the information if this is making sense. And so far, if you are really understanding what I’m talking about here and if you’re already super excited because if you’re not excited by now that probably means that this is not a good fit. But if you are excited and want to know more about it there’s going to be a link below this video for you to watch an entire training on the breakdown of how this business works and see if you want to be a part of the community that I created to help people start this business and reach six, seven figures.
No experience is needed, no background in sales, no degrees.
So, the most important part about who can start this is, this is really cool, no experience is needed, no background in sales, no degrees. You don’t need any license or certification to do it, no license, no certification. We talked about no prior experience. No overhead, you don’t really need to have employees or brick and mortar office very low, no, low expenses because you’re not really buying anything. You don’t need to buy this big equipment to make it work. As long as you have access to a computer and a phone and the rest is you’re following a system.
So I just wanted to cover that to show you how this is relatively easily possible for you to build a six figure business in the alternative lending industry. If you do have any questions, if this is making sense, comment below the video and make sure that you check the link below the video to find out more about the business lending blueprint program. Thanks for watching. If you like content, like this, please like, and subscribe to my channel so you can get access to updated information about the industry and how our members on our website and on our YouTube channel we have hundreds of people having massive success and we have testimonials from them. So this actually does work, this is a real industry. So I hope to see you on the other side, take care now.