Here is the executive summary of a business credit repair plan:

• a description of your company, including its products and / or services
• your mission statement
• managing your business
• the market and your customer
• marketing and sales
• your competition
• your business operations
• financial projections and plans

For someone looking for a credit repair business plan, a simple description could be: “Ace Credit Restoration provides credit restoration services to help consumers gain good credit and therefore have options. more attractive financing options. The company offers credit repair on a fee-for-service model. ” charge $ 800 to $ 2000 per client and reach new clients through relationships with credit-dependent professionals (real estate, car dealers, etc.), financial professionals (taxes, insurance, financial planners), direct-to-consumer marketing (Internet, radio, television, postcards) and cultivating references from previous clients.

Any business plan must then talk about management, which refers to your experience. If you have team management experience, attention to detail, and / or financial experience, this is relevant and should be included.

When writing about your customer, the consumer, you will find that there are 70-80 million Americans with bad credit, many millions of whom will need to finance a home or car or other purchase and therefore will be interested in acquiring. credit repair services. . While some people try to repair credit on their own, credit is becoming increasingly complex and important. Fewer people are successful or trying, and just like dealing with plumbing or car repairs, most are willing to pay a professional to get it right.

Next, you need to include a specific marketing breakdown. We’ve found that referral relationships are a great place to start in the beginning. By offering “credit repair seminars” or “lunch and learning” events to local real estate agents or car dealers, you can quickly position yourself as an expert, develop referral sources, and help them sell more homes or cars. As your business grows, you’ll want to branch out into Internet marketing and media to increase your visibility and expand your operations.

The next section will generally cover the competition, which of course varies by market. Today the credit repair business is still open and relies heavily on referrals in time of need, which means that people often get their credit back when preparing to buy a home or car, or after having been turned down for some type of financing (that is, a credit card on better terms than they currently have). In the long term, the Internet is a massive source of business that still has substantial opportunity. A still largely untapped area that needs someone to execute your credit repair business plan is the area of ​​social marketing (i.e. Facebook) and spot media joint ventures, i.e. a referral relationship with major real estate websites, car dealership websites. , etc. they depend on attractive financing.

Next, your plan should cover operations. You can run a credit repair business from home or you can use the office space. An underused idea is to rent a desk inside a busy real estate office. This can provide more than just a professional meeting place, but the proximity of agents who depend on their clients to have good funding will virtually guarantee that some clients will turn themselves over to you. This can also help integrate your credit repair business into the local ecosystem of potential referral businesses, such as mortgages, insurance, and financial professionals. Most real estate offices would be open to rent a desk or office in or near the facility. Another option for your business credit repair plan is to run a home-based credit repair business, but keep a set schedule at local real estate offices or auto dealerships to review new files and answer questions. agents or dealers may have.

The financial projections and plans in your credit repair business plan should address startup costs and income, and possibly even exit, such as the sale of the business. Since there are systems that provide more than just software, but complete turnkey systems (similar to a franchise), including training to make you the expert, unlimited paralegal support, annual conferences, marketing support, legal support and much more. , you must research your options.

Obviously, success varies based on talent, work, resources, and skills with any business opportunity. With that said, we know of affiliates who took your credit repair business plan and executed it, raising over $ 100,000 per month. If you like the idea of ​​being your own boss and earning executive-level income, we encourage you to consider your business plan as just the first step in an exciting new company.