The Smart Passive Income Online Business and Blogging Podcast SPI 569: The BIG Passive Income Opportunity in Payment Processing with David and Patricia Carlin
Apr 20, 2022
David Carlin is a payment processing expert helping businesses optimize their systems, while Patricia Carlin brings years of consulting experience. Together, they explore the fascinating world of digital payment processing, revealing how entrepreneurs can earn residual income. They dive into the evolution of payment systems, discussing the roles of payment processing brokers and consultants. The duo underscores the importance of ethical practices and building relationships in the industry to enhance customer loyalty and create meaningful income opportunities.
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Start Small and Scale Up
- Start with small, attainable goals like covering a phone bill.
- Gradually increase your targets to car payments, then house payments.
Leveraging Others' Work
- Payment processing offers a unique opportunity to profit from others' efforts.
- You earn a percentage of their sales without sharing the same risks.
Gathering Information and Presenting
- Ask for a merchant statement to analyze their current processing fees.
- Schedule a "deal call" to present potential cost savings.