| Q: |
How much can I make by offering college funding services in addition to my insurance and financial services? |
| A: |
While I can't promise you a specific income figure, I can tell you that Entrepreneur magazine reported that the high net profit before taxes for this type of business is $330,000.00 A YEAR!!! They also quoted the average net profit as $98,000.00 per year before taxes. And that's without adding in all the additional insurance and financial services commissions you can generate from your college funding clients. I'd also recommend that you read the Case Studies I've included in this Special Report. They detail exactly how many of our current "Magnetic Client Attraction" System™ members are quietly adding an extra $5,000 to $25,000 per month to their existing insurance or financial businesses by offering college funding services. |
| Q: |
You say Entrepreneur magazine reports the average income for college funding services to be $98,000 and the high income to be $330,000 a year. What does it take to earn that kind of money? |
| A: |
Let's say you only charge $995 per client, which is the minimum that we recommend you charge. To earn $98,000 a year, you'd have to sign up two to three clients a week. Most members sign up 70% to 90% of the prospects they see, but once again let's be conservative and say you sign up only 50% of the prospects you meet with. That means you'll only have to go on four to six appointments a week to earn an extra $98,000. Using The "Magnetic Client Attraction" System™ we give you when you become a member, most of our current members have no trouble getting 8-12 qualified appointments a week. To earn $330,000, you could either go on more appointments or hire a sales force like Top Producing Member, Tim Austin did. He's now built his business to over $1.4 Million a year with this strategy. You can learn exactly how he did it in the Case Study #1 included in this Special Report. |
| Q: |
Do I need a license to do college financial counseling? |
| A: |
No. Unlike most other specialties that require years of training, there is absolutely no license or degree required to get into the college financial aid consulting business. All you need to get started in this business is covered in the start-up materials you'll receive when you become a member. |
| Q: |
How much will it cost to get clients for this business once I receive the training materials? |
| A: |
The cost for marketing this program can range from nothing to several thousand dollars. It depends on your budget and what strategies you want to test. In The "Magnetic Client Attraction" System™, you'll learn several different strategies to get FREE high school mailing lists so you can start your marketing without spending a single dime. We also teach other methods like direct mail, referral marketing, seminar promotion and advertising. Using the strategies, you'll be able to start your marketing with a small budget and reinvest your profits to grow your business. |
| Q: |
How long will it take for me to get this business started once I receive your start-up materials? |
| A: |
Most of our members tell us they are able to review the materials within a couple of days, and start generating appointments within the first two weeks. Within 30 days, you should see tangible results in the form of appointments and sign ups. Within 90 days, the full effects of The "Magnetic Client Attraction" System™ will start kicking in, and you should see a substantial increase in your income. If you're willing to invest a few hours a week building the college funding aspect of your business, our research has shown you'll have a very significant opportunity to add as much as $5,000 a month or more to your bottom line, as many of our current members are already doing. |
| Q: |
Is this business seasonal? |
| A: |
No. This is definitely a year round business if you set it up the way we teach you to. From September through February, you will be marketing to parents of college bound high school seniors. From March through August, you will be marketing to parents of college-bound high school juniors. Remember, the whole purpose of this business is to ultimately convert these clients into long-term insurance and financial planning clients. So the earlier you get started with them, the better off they will be when it comes time to apply for college funding. |
| Q: |
Is this market saturated yet? |
| A: |
Absolutely not. There are over 5 million juniors and seniors who graduate from high school each and every year. And we've only taught our proprietary marketing System to a few thousand agents and advisors at this time. So there's plenty of room for additional members. We haven't even come close to saturating this market and probably never will since there are literally millions of families all over the country who need this kind of help every year. |
| Q: |
Does it take a lot of time to work with a parent once I sign them up for this service? |
| A: |
From the first time you meet with a parent to the time they receive their award letters from each school, you should spend no more than 1 to 2 hours with them over the course of a year. Most members only meet with a family once or twice in person. They complete the rest of the service by phone, fax and mail. If you charge $995 for your service, you should average approximately $300 per hour for your time. That means you'd make around $3,000 a WEEK extra income just by investing 10 hours a week into your college funding business. |
| Q: |
Does this type of service attract low income prospects? |
| A: |
Interestingly enough, most of your clients will be middle class and upper-middle class parents who need help paying for college, but don't know how to get their fair share of the funds available. According to our current research, the average age of parents who sign up for the college funding services is 40 to 55; they make between $75,000 and $250,000 per year. They have savings ranging from $20,000 to $400,000, not including their homes. They are lawyers, doctors, CPA's teachers, divorcees, small business owners, corporate middle managers, etc. |
| Q: |
Is this business difficult to learn? |
| A: |
No. Everything you need to know about this business is included in the proprietary "Magnetic Client Attraction" System™ training materials you'll receive when you become a member. Remember, we're doing all the technical stuff for you so you are free to focus your energy on getting more clients for your service. Most of our members tell us it only took them a couple of days to get the hang of this business. |
| Q: |
How does the process of getting customers work? |
| A: |
First, you use our confidential "turn-key" marketing materials to get parents to call you and start setting up appointments for free consultations. You will then meet with the parents. Within the first 20 minutes of your appointment, you will know whether or not they want to become a client. If they decide to go ahead with this service, you will spend about another 20 to 30 minutes filling out a simple financial questionnaire which tells you all about their income and assets and their personal data. Then, you will collect your fee of $995-$1,495 upfront. The entire appointment should only take you about one hour. You can either do the consultation at their home or in your office, whichever you prefer. I had all of my clients come to my office, but if you want to keep your overhead low in the beginning, you should definitely go to their home. |
| Q: |
How do I determine what I'm going to charge parents for my services? |
| A: |
It really depends on what you feel comfortable charging and what your local market will bare. I was charging $995 for my services locally, and I know members who charge as much as $1495 or more for their services. |
| Q: |
How much does it cost to process a customized college financial planning report through your office? |
| A: |
Each time you sign up a parent, you collect your fee of $995-$1,495. Then you send a simple questionnaire on your client to our office along with your processing fee of only $125. This fee covers the customized college financial planning report, which our trained college funding specialists put together for each of your clients. You keep all the rest of the fee you collected. This means you keep a minimum of $870 to as much as $1370 from every parent you sign up. If you decide you want to do your own processing, we also offer software that will allow you to process client reports on your own computer (once you become a member, you can talk to one of our counselors about this option). |
| Q: |
Do I run this business under my company name or yours? |
| A: |
Once you become a member, this becomes your business, not ours. We act solely as your marketing and technical support center. Your clients are yours, not ours. Many of our members have created subsidiary company names for their college funding business. For example, College Funding Services of America. |
| Q: |
Can I share the material with other people? |
| A: |
When you become a member, you are granted the exclusive right to use the proprietary copyrighted"Magnetic Client Attraction" System™ materials for your individual use only. You cannot share these materials with any other person. However, we do have a multiple-agent license available if you'd like to have more than one of your agents offer the service. Call the main office at 1-800-643-6143 to find out more about this special license. |
| Q: |
This sounds "too good to be true." I don't want to get involved with a scam. |
| A: |
I don't blame you. We've all been burned before. We have been a member in good standing of the Port Washington Chamber of Commerce for the past 10 years. Also, take a good close look at the enclosed letters and Case Studies from our private files. It's against the law to make these up. There's no way we could have stayed in business for the last ten years if we weren't providing a top-notch service for our members and clients. |
| Q: |
What if your program doesn't work for me? |
| A: |
Membership in The "Magnetic Client Attraction" System™ is backed our six-month money back guarantee. If you're not completely satisfied with the results you get from this business any time within your first 6 months of becoming a member, then just send the materials back to us and we'll refund your entire membership fee in full (less shipping and handling). No questions. No hassles. No hard feelings. (You will receive a special number to call in the event that you do decide you want a refund). |
| Q: |
Aren't you afraid you'll get taken advantage of with such a broad-based fair guarantee? |
| A: |
The truth is, you can take advantage of us, but very few of our members do. You see, we don't start making money from you until you start making money in this business. We want you to be happy since our happy members end up processing lots of clients through our office, maintaining their memberships with us, year after year, and referring their non competitive business acquaintances to us. If you're not happy, you're not going to do any of these things, and neither of us will make any money together. So it's very important to us that you are happy with this program and you become successful. That's why we give you such a generous guarantee. |
| Q: |
Can't high schools or colleges help parents do this? |
| A: |
As I explained earlier, high schools don't have the time or the manpower to help every single student fill out the financial aid forms, pick colleges that will give them good aid packages, and negotiate with the schools that give them bad packages. Colleges will, in some cases, help parents fill out the forms. The only problem is that they will NOT show parents how to get more money from their school. It's almost like someone going to an IRS agent and asking to help them save money on their taxes. Remember, colleges have a limited amount of funds to give out to a large number of students. It's not in their best interest to show individual parents how to get more money from their school. |
| Q: |
Can't a parent just do this on their own? |
| A: |
I guess they could if they're willing to take the risk of losing thousands of dollars in college funding that they might have gotten if they knew what they were doing. Most people don't solve their own medical problems- they go to a doctor. Most people don't handle their own legal problems - they use a lawyer. So why should college funding be any different? Our research team has spent thousands of hours studying the ins and outs of the college funding process, and how to help families save thousands of dollars, in some cases, tens of thousands of dollars on their children's college costs. Parents can "do it themselves", and risk not getting enough money to send their child to college, or they can use an expert and get everything they are eligible to receive. |
| Q: |
Can I speak to other people who are using your program? |
| A: |
Since we receive hundreds of inquiries a month about our program, it would be unfair of us to ask our members to take time out of their busy schedules to promote our business while trying to run their own business. Therefore, we promise to keep the personal contact information of all of our members strictly confidential. If you'd like to know how other members are doing, you can read the Case Studies and uncensored comments I've included in this Special Report. We also run annual conferences where members from around the country get to meet and get to know each other. |
| Q: |
How many new clients, on average will I have to get to cover the cost of my membership? |
| A: |
Remember, you receive $995 PER CLIENT you sign up for the college funding service, PLUS average commissions of $4000 per client when you convert them into long-term insurance and financial planning clients. Therefore, you'll only need to sign up one new client in the next 12 months to pay for your entire annual membership, which makes becoming a member one of the lowest-risk business decisions you'll ever make. |
| Q: |
How many other Members are in my area? |
| A: |
: In the entire United States, there are more than 29,000 different zip codes and 250 million people, yet we have revealed The "Magnetic Client Attraction" System™ to only a few thousand agents around the entire United States. Compare that to the literally thousands of rival insurance agents and financial planners right in your own backyard, and you'll begin to see how wide open this market really is. Even in a small community with a population of just 20,000, there are more than 1000 qualified prospects each year. At fees of $995-$1,495 each, that's more than enough to keep quite a few advisors busy offering college funding services. Yet the odds are, if you become a member today, you'll more than likely be the only (or one of the very few) advisors in your entire area offering college funding services. In other words, you'll basically own the market in your local area, a situation, which could never occur just by offering insurance or financial services. |
| Q: |
What is the fastest way to get started? |
| A: |
Call 1-800-643-6143 and ask for Dept. WB-1. One of our trained counselors will enroll you as a "Magnetic Client Attraction" System™ Member and activate all your membership benefits immediately; plus, you will receive all your membership materials within 5-7 business days, so you can get started right away. You can also fax in your Membership Agreement to (516) 944-5275, anytime, 24 hours a day if you'd prefer. |
