Discount Buying Notes - Posted by Jacqueline

Posted by David Butler America’s Note Network on April 18, 2000 at 01:12:09:

Hello Jacqueline,

Hey you’re in luck… these days, there is all kinds of free information floating around, so you can take a good luck at the business for next to nothing, you can explore it further through very inexpensive books and courses, and you can take it to the next level with more complete courses further up the line.

If you are really diligent, you can get yourself pretty well up to speed for less than $400 over time, and you can likely learn enough to start working in the field before you gain complete knowledge. The experience factor does accelerate the learning process.

There is a lot of good information right here on this site. You may also want to visit John Behle’s site, described at various points in this particular board.

America’s Note Network (see banner above - not American Note…) also has an extensive free library and free “How-To-Reports” that are real helpful as a starting point.

Hope this helps, and best of luck.

David P. Butler Vice President, Broker Relations

Discount Buying Notes - Posted by Jacqueline

Posted by Jacqueline on April 17, 2000 at 13:37:03:

How can I start a home business in note buying as well as referring notes to investors?

Re: Discount Buying Notes - Posted by John Behle

Posted by John Behle on April 18, 2000 at 11:00:19:

As David mentioned, there are dozens of articles and free information available here and elsewhere. Read that first and it will give you a basic understanding, then come back and post here when you are ready to move on.

Once you’ve read the articles and read and watched this forum, you may want to pick up a basic course on paper investment. There are several available here. You do not need to spend thousands on education right now and in education side of the paper business, there tends to be a direct inverse relationship between the price you pay and the value. Almost like you can get a “Rolls Royce” for less than a “Pinto”.

It’s a reflection of whether the educator:

  1. Makes their money in paper or marketing
  2. Is committed to education and the student or their bank account
  3. Is willing to use sales and marketing “tactics” to sell anyone on their product with no regard to whether they will succeed or not.
  4. Is willing to “water down” the true education needed for success to something that “sounds good”. Sadly some of the information out there does not translate from the “Podium to the Pavement”.
  5. Makes their profit on “up-selling” an in-adequately trained, needy and co-dependent student on more products - instead of having the educational focus on training for success and independence.

Their are three factors needed for success. Education (proper, adequate) is only about 10% of what is needed. Resources account for about another 20% and “Intention” accounts for at least 70% of success. See the article posted in the free articles area about “Three Ingredients of Success”.

It’s at: