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

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

For someone looking for a credit repair business plan, a simple description might be “Ace Credit Restoration provides credit restoration services to help consumers obtain good credit and therefore have more attractive financing options.” The company provides credit repair on a fee-for-service model.” charges $800 to $2,000 per client and reaches new clients through relationships with credit-dependent professionals (real estate, auto dealers, etc.), financial professionals (tax, insurance, financial planners), direct-to-consumer marketing (internet , radio, television, postcards). ) and cultivating referrals from past clients.

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

Writing about your client, the consumer, you will find that there are about 70 to 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 buy credit repair services. . While some people try to repair their credit on their own, credit is becoming increasingly complex and important. Few people succeed or try, and just like dealing with plumbing or car repairs, most are willing to pay a professional to do it right.

Next, you need to include a specific marketing breakdown. We’ve found that early on, referral relationships are a great place to start. By offering “credit repair seminars” or “lunch and learn” events to local realtors 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 mass media, internet marketing to increase your visibility and scale 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 largely based on referrals at the point of need, which means that people often recover their credit when they are preparing to buy a house or a car, or after of being turned down for some type of financing (ie, a credit card on better terms than they currently have). In the longer term, the Internet is a massive source of business that still has substantial opportunities. One largely untapped area that needs someone to execute your credit repair business plan is the area of ​​social marketing (i.e. Facebook) and joint ventures with point of need media, i.e. a referral relationship with major real estate websites, car dealership websites. , etc . which depends on attractive financing.

Next, your plan should cover operations. You can run a home-based credit repair business, or you can use office space. One underutilized idea is renting a desk inside a busy real estate office. This can provide more than just a professional meeting place, but the proximity of agents who rely on their clients to have good financing will virtually guarantee that some clients will be turned over to you. This can also help integrate your credit repair business into the local ecosystem of potential referral businesses, such as mortgage, insurance, and financial professionals. Most real estate offices would be willing to rent a desk or office on or near the premises. Another option for your credit repair business plan is to run a home-based credit repair business, but have set hours at local real estate offices or car dealerships to review any new files and answer questions they may have. agents or dealers.

The financial plans and projections in your credit repair business plan should address startup costs and revenue, 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) that include training to make you an expert, unlimited paralegal support, annual conferences, marketing support, legal support, and much more, you should investigate your options.

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