The Credit Builder Financing Co-op Option

Cash strapped customers can also use The Credit Builder Financing Co-op Option. This is where they get one to three other people to co-op with them or partner up with them (temporarily or permanently depending on what each co-op member agrees upon).

You have the same goal of $200 on Phase I or $1200 on Phase II and receiving the same $150 and $900 commissions as before. But instead of receiving that commission immediately or paying the full price immediately you each pay a portion of one member’s purchase and receive a portion of the commission. You can buy your own full membership once you refer enough co-op member customers to cover your payments.

For example one single person pays $200 and receives $150 commission. Two co-op members would pay $100 each and receive $75 commission each. Three co-op members would pay $70 each and receive $50 commissions each. Four co-op members would pay $50 each and receive $35 commissions each. (I rounded off some of the smaller numbers so they are off by a couple dollars or so.)

Once your commissions have reached enough for a single membership you can then buy your partners out and get your own membership if you choose to. You do this by paying for your membership from the contractor or customer you purchased your membership from.

There is a 60 day time limit on these co-op payments. If someone cannot pay at least $25 per week for eight weeks then they forfeit the payments they have already made and they would have to start all over again from scratch. The commissions would then go to their referrers even if all of the payments have not been completed.

So let’s do some more numbers. Most contractors want at least $1K per month, $3K per month or $5K per month. There is of course no limit. $1K per month is ten customers per month at $200 each. (Actually that’s $1500 a month.) You would need 40 (four way) co-op customers a month or 10 co-op customers per week for that same amount.

$3K per month would be 20 regular customers monthly or 5 regular customers weekly. You would need 80 (four way) co-op customers monthly or 20 co-op customers weekly. $6K per month would be 40 regular customers monthly or 160 co-op customers monthly. That would amount to 40 co-op customers weekly.

You would need only 2 Phase II customers for $1800 and 4 Phase II customers for $3600 or 6 Phase II customers for $5400 each month.

So where do you find customer referrals? That depends on what higher ticket product people want to purchase. You are looking for home buyers or potential home buyers. You are looking for car buyers or potential car buyers. You are looking for people who want exotic vacations or potential vacationers. You are looking for people who want electronics like laptops, desktop computers, big screen televisions, PDA cell phones, game systems or potential electronics customers.

You are not necessarily providing these products. You are providing some creative financing to fund the purchase or down payment assistance for these items. You are looking for shoppers or potential shoppers. Millions of people are buying these items everyday. Millions more would like to purchase them. Do you think you could refer a few of them to help themselves out in order to help you with whatever it is that you would like to purchase? I’m positive that you can.