Credit Repair Nerds Are near the Head of the Class
A good credit score is more important now than ever before, and the credit repair industry is booming because of it. Credit Repair Nerds is leading the way.
Scott Been, Owner/CEO of Credit improvement Nerds, recently sat down here for an interview to go over 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 improvement Nerds?
For starters, we are the only credit repair company expanding as of this pace. We are in an industry that is booming right this moment due to the importance of credit. I always tell our clients and licensees that you could barely wake up and have out of bed without someone pulling your credit. Things are credit-based nowadays, so our services are needed more than ever. Plus, it’s all web-driven. There isn’t a need for brick-and-mortar or office space. Software and technology we can run this business from around the world or poolside, drinking margaritas.
What is the idea behind Credit improvement Nerds?
Originally, it turned out to grow our already successful business. After that it turned into a pursuit to help our licensees build their own businesses. We spend a lot of time with our licensees, training these phones be a success in this industry. And in return, they produce, which in returns grows our brand on the national level.
How can Credit Repair Nerds compare to its competition?
Ah, we've ZERO competition on this industry. We are the leaders and may continue to be the leaders within the credit repair business. In terms of other franchise opportunities, well, I don’t get into that. You have a place in this country growing a business and be successful. We just think that we have the cheapest overhead of all industries at this time. Over 95 percent individuals licensees work from home. You can’t beat that.
What can you look for in a potential licensee?
That’s easy, motivation and drive. Truth be told, we don’t just let anyone join all of us. You must be willing to listen and take instructions. The company plan is already a proven winner. You need to simply duplicate it. There isn’t a need to reinvent the wheel.
Where do you see Credit Repair Nerds in 5yrs?
I love this question because which is how I run the corporation. I’m never looking at today or tomorrow. Every move we make is to put us within a better position years from now. But, in 5yrs, we should be 400+ licensees strong and growing as the industry changes.
Are you able to describe a typical day from the life of a Credit Repair Nerds licensee?
Well, whenever they follow the business model, they’ll end up working about 10 hours every week, making a good six-figure salary. But, in the beginning, there is a lot of training. Live webinars, one-on-one training, whatever. We have to do what we should have to do to get everyone up to date.
What’s your background?
I’m Ten years into the business now. Before that, I had been slaving for corporate America, selling cars. I loved the auto business, but the hours wore thin and that i quit and started the corporation out of my one-bedroom apartment. To date, we are 34 licensees strong and adding newbies every week. By the end of 2015, we should be around 75 licensees. Along with the crazy part is, we started licensing last March. So, in mere three short months, we added 34 licensees.
What motivates that you keep going?
The fear of experiencing a real job. That's my motivation. Every single day I wake up remembering what it was like putting in 60-70hrs a week selling cars and having nothing to show correctly. I am so anti-corporate. If you ask me, they are the enemy and I run my business therefore. I wake up which has a chip on my shoulder and that i use that as fuel never to become lazy. Training and teaching new licensees the company is another aspect of what keeps me going. Every licensee has their unique learning curve. I enjoy trying to find that curve and also to straighten it out. I find myself becoming a professor or, as a lot of our licensees call me, a master. It’s fun building people up. As 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 so long! I should have been doing this five years ago, speculate my father told me, “Son, you merely weren’t ready.” So, other than that, I wouldn’t have changed anything.
Please tell us your secret to success…
That is going to sound weird, on the other hand don’t look at myself as a success yet. I take a look at people like Mark Cuban and try to get to that level. Can i ever become a billionaire? Eh, that's doubtful. But that won’t stop me from trying. I’m certain that question is better inspired to my licensees. They look around me, so with this, I guess I am successful. Your day when others checked out me as a leader, I assume that would be considered successful. I would like to see others succeed, and 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 would you learn from it?
Hmm, doing work for my father. He owned a construction company. I hated slamming a hammer for any paycheck. I was dealing with the Houston heat and humidity every day. I guess if that was my worst job, on reflection, maybe it hasn’t been so bad in the end.
What is the one thing that really excites you?
To be able to walk into a Ferrari dealership and paying cash (wink wink). On the serious note, just growing the business. I am now 38 yrs . old and I’ve realized I’m not where I’m at today without outside assistance. Being able to build the finance Repair Nerds business and turn it the right way within an industry full of scams 's what excites me. It may have taken longer than expected, however i 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, however started this business broke. And when I mean nothing, I am talking about nothing. I quit the car business, got on unemployment and instead of blowing my unemployment similar to most folks do, I began my business. It was tough. I had created a hard time keeping the lights on and paying rent, but also in year three, I became clearing six figures and from there, I put the throttle down. There were a lot of negative nellies as you go along telling me I was nuts. I ignored them and surrounded myself with like-minded people. I pushed through. I didn’t stop trying. Did I have days and nights where I thought it would all end? Heck yeah, however pushed through those thoughts and stayed target the bigger picture. Now, here I am! 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 tell my licensees, ‘Look, I’ve already been through it. I started from scratch. You can do it. You just have to block out your outside interference, inside a winning team and ingest instruction. Once you allow yourself to do that, then it just all fits in place. Before you know it, you overcome your local market and it’s ready to go.