Credit repair isn’t a one size fit all business. Credit Repair Nerds should know — they’ve been around since 2006 and deliver the most professional and results-oriented credit repair services in the country. Every client is different, so every client is treated with a plan built specifically for their needs.
We recently interviewed Scott Been, Owner/CEO of Credit Repair Nerds, to find out what he tells potential franchisees about the profit potential of opening up one of a Credit Repair Nerds franchise, how their most successful franchisees have grown their franchises and what advice he offers to potential franchisees.
Give us an overview of your franchise.
We license out our business to others who want to join the exciting industry of credit repair.
How many units are there?
As of January 12, 2016, we have 92 national licensees.
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What makes this franchise special?
Well, for starters, our license fees. You can get into this industry for as little as $600. We provide all corporate support as well. Every new licensee receives their own website, software, marketing materials and leads.
Who are your biggest competitors?
We have no competitors.
What differentiates your franchise among others in your niche?
We are the only credit repair company that offers this opportunity.
Who are the key figures within your franchise?
Other than myself and Jennifer Matthew, we do have some top producers amongst our ranks: Adrianne Cooper in Arizona; Jennifer Reynolds in Houston, Texas; Ed Hendrix in Houston, Texas; and Leonor Gutierrez in Florida.
What’s your franchise’s motto?
“Permanent Solutions to a Temporary Problem.”
What is the total investment to open a franchise?
We have four options: $600, $1500, $4500 or $9500.
What do you tell potential franchisees about the profit potential of opening up one of your franchises?
As with all new licensees, I shoot them straight and tell them their success is gong to be predicated on their work ethic and drive. The credit repair industry is booming right now, so having said that, making a six-figure income should be fairly easy to achieve. Once you are at that level, then you should keep the throttle down and hit that seven-figure salary mark.
What makes this concept a good fit for potential franchisees?
We offer support. That is the main positive. We don’t just sign up new licensees, send them a brochure and tell them to self teach themselves. We are with them every step of the way.
What qualities do you look for in potential franchisees?
Drive and mental focus.
What type of initial training do you offer new franchisees?
We do a full-fledged training program. All new licensees learn the credit repair game from me and my team.
What kind of ongoing support do you offer?
We are always here for support to our licensees. As long as they stay current with us, we are here for them.
How have your most successful franchisees grown their franchises?
Easy. They’ve expanded nationally. They’ve built their own network and team. There is power in numbers.
What’s next for your franchise, both in the near future and long-term?
More expansion. We always keep the throttle down here at corporate. We take this business very serious and we take our growth as part of that seriousness. We never take it for granted.
What advice can you offer potential franchisees?
You have to commit. If you don’t, then you will always be a follower. We look for leaders in our company. Self-motivated, self-driven types are the types of individuals we look for. So, having said that, this is a business. You are not an employee. Come in, learn from the best, then go create revenue for yourself. From there, you should be in expansion mode. I look at business as a sport and so should you. Have fun, too. Being in business for yourself shouldn’t be a burden. Relax, enjoy the opportunity and go out there and make it work.
Where can people find out more about Credit Repair Nerds?
Visit the website here.
Where can people find Credit Repair Nerds on social media?
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