Financial Coaches Win Big

Jan 12, 2015

Do you want to become wealthy? Financial coaching is a booming industry that even novices in the financial profession can tap into. The demand for financial coaching is projected to increase as the economy rebounds. Now is the time to establish your business in this profitable field.

In today’s economy, it seems that everyone is claiming to have the expertise to become a financial coach. But this is not true. In order to be a successful coach, financial professionals must develop a deep understanding of the market, wealth management tools, and possess insight into future opportunities for growth. The most successful coaching programs have a strong personal development component. Coaches invest a significant amount of time to get to know their clients, their client’s finances, investment behaviors, and market preferences.

In a lot of cases, financial coaches link their client’s careers to their personal development. Other coaches focus on the skill development of their clients, while some concentrate on technical knowledge. Successful and comprehensive financial coaching will integrate all of these elements into a process that can be broken down as such:

  • Educational: Great financial coaching is education based. If clients are not learning, their money is being wasted. Smart financial coaches who want to establish a reputation and develop a wealthy clientele, realize that they should refuse clients who do not have the existing knowledge or skill set to take the next step in their wealth development.

 

  • Coaching is a Process: This profession is not for individuals accustomed to the fast pace environment of the stock market. Financial coaching is like chess. It’s a process that coaches must be committed to for several months or even years to help clients fulfill short and long term financial goals.

 

  • Wealth Growth: The goal, and true indicator, of successful financial coaching is growth in client wealth. Without measurable growth, both client and coach have wasted their time and money.

 

The demand for financial coaching is on the rise. If you have a financial background, consider building a financial consulting business, and using a financial consulting merchant account manager like eMerchantBroker.com to manage and process your client transactions.

 

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat