A good credit rating is more important now than ever before, and the credit repair marketplace is booming because of it. Credit restoration Nerds is at the forefront.
Scott Been, Owner/CEO of Credit score improvement Nerds, recently sat down with us for an interview to discuss his successful business, which as of today is 40+ licensees strong and adding new members every week. Been allows us to in on the techniques to his success and ways in which big he sees his business getting 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 a industry that is booming today due to the importance of credit. I always tell our clients and licensees that one could barely wake up and acquire out of bed without someone pulling your credit. Everything is credit-based nowadays, so our services are required more than ever. Plus, it’s all web-driven. There isn’t the need for brick-and-mortar or office space. Software and technology allows us run this business from around the globe or poolside, sipping on margaritas.
What is the idea behind Credit improvement Nerds?
Originally, it was to grow our already successful business. It then turned into a mission for help our licensees build their particular businesses. We spend considerable time with our licensees, training these to be a success in this industry. As well as in return, they produce, which in returns grows our brand on the national level.
What makes Credit Repair Nerds can compare to its competition?
Ah, we've ZERO competition with this industry. We are the leaders and will continue to be the leaders in the credit repair business. So far as other franchise opportunities, well, Personally, i don’t get into that. Everyone has a place in this country to develop a business and be successful. We only think that we have the minimum overhead of all industries today. Over 95 percent of our own licensees work from home. You can’t beat that.
So what can you look for in a potential licensee?
That’s easy, motivation and drive. Contrary to popular belief, we don’t just let anyone join all of us. You must be willing to listen and take instructions. The business model is already a proven winner. You simply need to duplicate it. There isn’t a necessity to reinvent the wheel.
Where do you see Credit Repair Nerds in five-years?
I love this question because that's how I run the corporation. I’m never looking at today or tomorrow. Every move we make is always to put us in the better position years from now. But, in five years, we should be 400+ licensees strong and growing because industry changes.
Are you able to describe a typical day in the life of a Credit restoration Nerds licensee?
Well, whenever they follow the business model, they’ll find themselves working about 10 hours weekly, making a good six-figure salary. But, at the start, there is a lot of training. Live webinars, one-on-one training, you name it. We have to do what we should have to do to get everyone up to speed.
What’s your background?
I’m Decade into the business now. Before that, I used to be slaving for corporate America, selling cars. I loved the automobile business, but the hours wore thin and that i quit and started this business out of my one-bedroom apartment. To date, we are 34 licensees strong and adding newbies every week. By the end of 2015, you should be around 75 licensees. As well as the crazy part is, we started licensing last March. So, within three short months, we added 34 licensees.
What motivates you to definitely keep going?
The fear of having a real job. That is my motivation. Every day I wake up remembering what it really was like applying 60-70hrs a week selling cars and achieving nothing to show for this. I am so anti-corporate. To me, they are the enemy and I run my business as a result. I wake up using a chip on my shoulder and I use that as fuel to not ever 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 enjoy trying to find that curve and straighten it out. I have discovered myself becoming a professor or, as some of our licensees call me, a master. It’s fun building people up. As the people I look up to, Mark Cuban, says, “We don’t build businesses, we build people and people people build businesses.”
Should you start again, what would you do differently?
Good question. I wouldn’t took so long! I should have already been doing this five years ago, speculate my father told me, “Son, you just weren’t ready.” So, in addition to that, I wouldn’t have changed something.
Please tell us your secret to success…
This is going to sound weird, on the other hand don’t look at myself like a success yet. I take a look at people like Mark Cuban and strive to get to that level. Will I ever become a billionaire? Eh, not likely. But that won’t stop me from trying. I’m certain question is better asked to my licensees. They look as much as me, so your, I guess I am successful. The day when others checked out me as a leader, I reckon that that would be considered successful. I wish to see others succeed, and when I can help them get there, then it’s a success.
What is the worst job you have ever had and what would you learn from it?
Hmm, being employed by my father. He owned a building company. I hated slamming a hammer to get a paycheck. I was dealing with the Houston humidity every day. I guess if it was my worst job, on reflection, maybe it hasn’t been so bad all things considered.
What is the one thing that really excites you?
Having the ability to walk into a Ferrari dealership and paying cash (wink wink). Over a serious note, just growing the company. I am now 38 years of age and I’ve realized I’m not where I’m at today without some assistance. Being able to build the loan Repair Nerds business and also be it the right way in the industry full of scams is what excites me. It will have taken longer than expected, but I pushed through the walls.
Any final words for aspiring entrepreneurs?
Yes! If I can build a business, you can as well. I know that sounds so cliché, on the other hand started this business broke. 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 similar to most folks do, I started my business. It was tough. I had created a hard time keeping the lights on and paying rent, however in year three, I used to be clearing six figures and from that point, I put the throttle down. There are a lot of negative nellies in the process telling me I was nuts. I ignored them and surrounded myself along with other like-minded people. I pushed through. I didn’t quit. Did I have nights and days where I thought it will all end? Heck yeah, however i pushed through those thoughts and stayed concentrate on 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. It can be done. You just have to block out your outside interference, inside a winning team and eat instruction. Once you allow you to ultimately do that, then it just all fits in place. Before you know it, you moderate your local market and it’s off to the races.