Credit Repair Nerds Are at the Head of the Class
A favorable credit record is more important now than in the past, and the credit repair market is booming because of it. Credit score improvement Nerds is leading the way.
Scott Been, Owner/CEO of Credit restoration Nerds, recently sat down around for an interview to discuss his successful business, which to date is 40+ licensees strong and adding sign ups every week. Been allows us to in on the techniques for his success and the way big he sees his business getting back in the next five years.
What’s special about Credit Repair Nerds?
For starters, we have been the only credit repair company expanding with this pace. We are in the industry that is booming today due to the importance of credit. It's my job to tell our clients and licensees that you can barely wake up and acquire out of bed without someone pulling your credit. Everything is credit-based nowadays, so our services are expected more than ever. Plus, it’s all web-driven. There isn’t the need for brick-and-mortar or office space. Software and technology permits us to run this business from around the world or poolside, sipping on margaritas.
What is the idea behind Credit improvement Nerds?
Originally, it had been to grow our already successful business. Then it turned into a mission to help our licensees build their unique businesses. We spend lots of time with our licensees, training them to be a success in this industry. And in return, they produce, which in returns grows our brand with a national level.
How does Credit Repair Nerds can rival its competition?
Ah, we now have ZERO competition with this industry. We are the leaders and will continue to be the leaders inside the credit repair business. So far as other franchise opportunities, well, I know don’t get into that. Everyone has a place in this country to grow a business and be successful. We only think that we have the minimum overhead of all industries right this moment. Over 95 percent of our own licensees work from home. You can’t beat that.
Exactly what do you look for in a potential licensee?
That’s easy, motivation and drive. Contrary to popular belief, we don’t just let anyone join we. You must be willing to listen and take instructions. The business model is already a proven winner. You need to simply duplicate it. There isn’t a desire to reinvent the wheel.
Where can you see Credit Repair Nerds in five years?
I love this question because that is certainly how I run this company. I’m never looking at today or tomorrow. Every move we make is usually to put us within a better position years from now. But, in five years, we should be 400+ licensees strong and growing as the industry changes.
Is it possible to describe a typical day in the life of a Credit score improvement Nerds licensee?
Well, when they follow the business model, they’ll find themselves working about 10 hours every week, making a good six-figure salary. But, at first, there is a lot of training. Live webinars, one-on-one training, whatever. We have to do what we have to do to get everyone in control.
What’s your background?
I’m Decade into the business now. Before that, I was slaving for corporate America, selling cars. I loved the automobile business, but the hours wore thin and I quit and started the corporation out of my one-bedroom apartment. Currently, we are 34 licensees strong and adding sign ups every week. By the end of 2015, we should be around 75 licensees. And also the crazy part is, we started licensing last March. So, in mere three short months, we added 34 licensees.
What motivates you to definitely keep going?
The fear of getting a real job. Which is my motivation. Each day I wake up remembering exactly what it was like investing in 60-70hrs a week selling cars and having nothing to show correctly. I am so anti-corporate. To me, they are the enemy and that i run my business consequently. I wake up having a chip on my shoulder and that i use that as fuel never to become lazy. Training and teaching new licensees the business is another aspect of what keeps me going. Every licensee has their very own learning curve. I love trying to find that curve and also to straighten it out. I have found myself becoming a professor or, as our own licensees call me, a guru. It’s fun building people up. Among the people I idolize, Mark Cuban, says, “We don’t build businesses, we build people and people people build businesses.”
If you were to start again, what would you do differently?
Good question. I wouldn’t have taken so long! I should are already doing this five years ago, but because my father told me, “Son, you only weren’t ready.” So, apart from that, I wouldn’t have changed something.
Please tell us your secret to success…
This really is going to sound weird, however i don’t look at myself like a success yet. I have a look at people like Mark Cuban and strive to get to that level. Can i ever become a billionaire? Eh, probably not. But that won’t stop me from trying. I’m sure question is better required to my licensees. They look approximately me, so with this, I guess I am successful. The afternoon when others looked over me as a leader, I guess that would be considered successful. I would like to see others succeed, of course, if I can help them make it happen, then it’s a success.
Exactly what is the worst job you have ever had and what did you learn from it?
Hmm, working for my father. He owned a building company. I hated slamming a hammer to get a paycheck. I was coping with the Houston humidity and heat every day. I guess if that was my worst job, looking back, maybe it hasn’t been so bad in the end.
What is the one thing that actually excites you?
Having the capacity to walk into a Ferrari dealership and paying cash (wink wink). With a serious note, just growing the business. I am now 38 years and I’ve realized I’m not where I’m at today without help. Being able to build the loan Repair Nerds business and turn it the right way in an industry full of scams is the thing that excites me. It might have taken longer than expected, on the other hand pushed through the walls.
Any final words for aspiring entrepreneurs?
Yes! Only can build a business, you can as well. I know that sounds so cliché, but I started this business without a penny. And when I mean nothing, What i'm saying is nothing. I quit the automobile business, got on unemployment and as an alternative to blowing my unemployment like the majority of folks do, I began my business. It was tough. I needed a hard time keeping the lights on and paying rent, in year three, I used to be clearing six figures and following that, I put the throttle down. There have been a lot of negative nellies on the way telling me I was nuts. I ignored them and surrounded myself with like-minded people. I pushed through. I didn’t surrender. Did I have days to weeks where I thought it will all end? Heck yeah, but I pushed through those thoughts and stayed concentrate on the bigger picture. Now, the actual! I can relate. Like Mr. Wonderful says, “I’ve been rich and I’ve been poor, rich is much better.” I know that sounds elitist, but it’s true. I always tell my licensees, ‘Look, I’ve been through it. I started from scratch. It can be done. You just have to block out your outside interference, inside a winning team and eat instruction. Once you allow yourself to do that, then it just all fits in place. Before you know it, you moderate your local market and it’s ready to go.