1 00:00:00,750 --> 00:00:08,340 Johny Fernandez: So the next big thing Daily Funder, you know, there's a good question there. That has pretty much caught everyone's attention. The 2 00:00:08,340 --> 00:00:16,710 question was addressed to ISOs about what makes a great funder. So that's been a thread that's been popular. And they've had a lot of different 3 00:00:16,980 --> 00:00:25,440 comments on that thread, from dozens of people addressing it. So let's talk about that. Let's talk about what exactly are people saying that makes a 4 00:00:25,440 --> 00:00:26,220 great funder? 5 00:00:26,270 --> 00:00:32,210 Sean Murray: Yeah, so a lot of the responses on there, you know, it's anecdotal. It wasn't like a formal survey. And I'm not the one who posted 6 00:00:32,210 --> 00:00:39,230 it. I don't even remember who posted it. But I did see that on there. And I'm glad you brought it up, though, because it's a question that that's 7 00:00:39,230 --> 00:00:50,420 asked a lot. In a world where there's a lot of funding companies, kind of knowing what ISOs or brokers are looking for, can really help you roll out 8 00:00:50,420 --> 00:00:59,120 what your game plan is going to be. And the answers that I saw from the limited responses that were on there, there were like 10 or so are in line 9 00:00:59,120 --> 00:01:14,210 with what I've heard, generally, and from other people. And they were speed is very important. Low stips, and transparency/ good communication. And if 10 00:01:14,210 --> 00:01:24,020 they slash because they're kind of the same, but not really, the communication, part of it is letting the broker know exactly what's going 11 00:01:24,020 --> 00:01:29,690 on with the deal. You don't want to tell them it's approved only for later on and be like, well, we actually need a lot more paperwork, right? Because 12 00:01:29,690 --> 00:01:38,660 then they look kind of bad to their own client, when they miss communicate how far along the application is. And then the other part of it is 13 00:01:38,660 --> 00:01:46,940 transparency and good communication is part of transparency, letting people know where the deal is, right. But the other part of transparency is 14 00:01:47,060 --> 00:01:59,180 letting the world know exactly who you are. And I think what some people forget, is that, even if they are trustworthy themselves, and they 15 00:01:59,180 --> 00:02:10,430 communicate that a one to one in one to one conversation, is that in today's world, we're all doing our homework to an extent to check, right? 16 00:02:11,120 --> 00:02:20,990 So after that phone call or email that went so well. A lot of times what's happening is people are then going on to Google and looking you up. And 17 00:02:20,990 --> 00:02:28,370 they want to see what's been said about you, they want to see if you have a presence. And if you don't have a presence, and this happens more often 18 00:02:28,370 --> 00:02:37,340 than not, it's a bad sign. How can I trust working with how can I trust you know, you to be someone to work with when you don't exist on the internet 19 00:02:37,370 --> 00:02:38,960 in 2021, right? 20 00:02:41,510 --> 00:02:48,800 Johny Fernandez: Because that carries a reputation, period, like people, whether it's, you know, in the industry or out of the industry, your name 21 00:02:48,800 --> 00:02:56,420 will be googled, if you're even a referral and to see what other people are saying about you and and even if you're working at a different place, for 22 00:02:56,420 --> 00:03:04,880 example, like people go to Glassdoor or they look at you like so it's it's it's very much true that the reputation will follow you but then also 23 00:03:04,880 --> 00:03:08,390 what's been said the digital trail. It's also super important. 24 00:03:08,450 --> 00:03:17,600 Sean Murray: You know, part of it is people want to know if you can be held accountable and if there's nothing about you online. It's hard to hold you 25 00:03:17,600 --> 00:03:25,820 accountable? Because there's no way to even say anything about you. Because you don't exist, you have no footprint. Yeah, right. Like, if I have a good 26 00:03:25,820 --> 00:03:32,270 experience or a bad experience, I want to be able to add on to the Yelp review. Or I want to be able to go on to your Facebook page or Instagram, 27 00:03:33,200 --> 00:03:40,610 and communicate that. But if there's nothing about you, if you're out there wondering, like, I don't understand why this partner didn't sign up with 28 00:03:40,610 --> 00:03:49,160 me. And all you have, you know, all you have is a website, and a Facebook page. And that's it, you should really start wondering about what else you 29 00:03:49,160 --> 00:04:01,880 can do to make sure that your brand is, you know, extended even further beyond that, it's not enough to just have a Facebook page and a website. 30 00:04:02,600 --> 00:04:08,060 You have to have a lot more, and people will be more willing to trust you. If you have all that stuff. 31 00:04:08,540 --> 00:04:14,600 Johny Fernandez: Yeah, it's a great piece of advice, especially for people that you know, either starting out or just trying to make in business. 32 00:04:14,660 --> 00:04:24,140 Sean Murray: Yeah. And you know what, having bad reviews online, might not hurt you. If there's a lot of stuff. Like if you have 10 pages worth of 33 00:04:24,140 --> 00:04:32,720 stuff on you on Google, that some of it is bad. People might actually take that as a good thing, that there's just so much about you. And they can 34 00:04:32,720 --> 00:04:42,110 digest the good, they can digest the bad and make an educated decision. And that's more helpful to them than there being nothing about you at all. 35 00:04:42,180 --> 00:04:45,060 Johny Fernandez: Yeah, it's good. It's really good piece of information.