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In House FRA's https://ftp.fugitiverecovery.com/forum/viewtopic.php?f=13&t=1485 |
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Author: | straycatfra [ Fri 03 Feb 2006 15:34 ] |
Post subject: | In House FRA's |
Well , I did some local marketing today in my area. 13 bondcompanys I called, all have in house recovery units. Hmmmmmmmmmm. Anyways, where are they hiring all these bounty hunters from. LOL,, Monster.com, yahoo jobs, un-employment lines, local welfare office, local tavern. Do they offer benefits,overtime pay, holiday pay? Any help,ideals in the marketing department. |
Author: | SpanielPI [ Fri 03 Feb 2006 16:19 ] |
Post subject: | |
If I may post some suggestions ? 1) Contact your state's licensing dpt. or DOI and request a list of all of the bail bond companies, insurance companies, surety companies that are licensed in your state. Remember, not all companies are in-state. Some may be registered as a foreign company. Once you have the list, put together a PROFESSIONAL brochure with a business card inside of it. Then mail the brochures to everyone on your client list. Brochure make-up: A professional brochure is simple, clear, and easy to read. Too many companies use fancy fonts, too many bright colours, etc..making the brochure "too busy". A professional brochure is basically a resume. It should list your company's attributes, where you've been and where you are going. Should then list all of the services you provide, and of course contact information. Again, a brochure is a letter of introduction. If you can even get anyone to read it, it will only command app. 15 seconds of the reader's time. Perception is everything. If your material is professional, then your company image is seen as a professional one. Also include a personalized note card to that individual requesting a convenient time to call upon them. Market studies suggest that by actually handwriting (legibly) a simple request for a " meet and greet" increases establishing a higher clientelle. When meeting a potential client, dress professionally. Doesn't have to be a suit, but dress slacks, polished shoes, a nice shirt and a sport coat of some sort will suffice. Make sure you are neat in personal grooming. Granted the above is kind of costly and labor intensive, but remember..you are establishing a business...not just catching bad guys. 2) Expand your services. The same skills and research methods you employ in skip tracing are also used in private investigations, civil process service, missing persons, asset searches, prisoner extraditions, etc. Caution: make sure you meet all regulatory and state licensing requirements for any additional services lsited. 3) Become a member of your local leo organizations: State Troopers, Sheriffs, FOP lodges..etc. Network within those groups to get your name out. A number of times a bondsman or attorney will ask a leo who he/she knows to perform a service. If you have plastered your area with brochures, flyers, business cards, etc..then your name gets out there. 4) Marketing Items: Brochures and business cards are only the tip of the iceberg. What do leo's like the most ?..coffee mugs, ball caps, magnetic calendars..all with your company's name and logo on it. Every time they drink coffee they see your name...every time they write a report they see your logo...every time they consult a calendar...there you are again. You think this is costly...not really. Office Depot has some really great prices on all of this stuff. I have a personal relationship with my ods team here, and they have turned out some really great stuff for me. 5) Develop a website and get it out there. You don't know how much business you are missing because you are not internet accessible. Again, Market research shows that most people visit the internet between 0900 hrs and 1500 hrs...business hours. You need to pay the money to make sure you are on the "1st page click"....most people wont go through a dozen pages to see every provider listed. Most use someone on the first or second pages. Phil Cross, the owner of this website, can build you a professional website, with internet hosting for a reasonable price. You can contact him directly through this site for service. 6) Take out an ad in your local weekly "rag sheet"..here it is called the "Thrifty Nickel"...for about $75 a week I can run a business card ad in it. It brings me alot of business. 7) Attend as many seminars, schools, and get togethers as you can. Hand out your cards, pens, caps, etc...you will be surprised who ends up with them. I give my pens out to the waitresses at all of my regular restaurants. Waitresses are a valuable asset in this business. Always ask before leaving any marketing material anywhere. if you don't it is likely to be tossed out. No sense in wasting your marketing dollar. The sky is the limit as far as advertising goes. Anyway, hope all of this helps. Take care and God Bless, |
Author: | straycatfra [ Sat 04 Feb 2006 07:14 ] |
Post subject: | |
Thanks for your help. I have alot of work to do. |
Author: | Kathy [ Sat 04 Feb 2006 12:51 ] |
Post subject: | |
Check your local laws before giving "gifts" to anyone with arrest or court authority. In Colorado it is illegal for a bond agent to give ANYTHING to anyone in LE or the courts. We are not allowed to leave anything with advertising on it in the PD, jail, or courthouse. The law doesn't specify the same for bail enforcement, but most of the jails consider us an extension of the bond agent. |
Author: | Rob Graff [ Sat 04 Feb 2006 14:05 ] |
Post subject: | |
Also keep in mind if bonding companies dont know you and you are not already established it can be real tough to get them to use your services. It is really hard to break into this business. |
Author: | HGUNNER [ Sat 04 Feb 2006 16:01 ] |
Post subject: | new business |
good posts people--Its extremely hard to break into this business-most bondsmen either have contract bea's or in house employees to do their skips-what can do do different from those people? what service can you offer that would make the bondsmen want to use you?-in this litigious society the bondsmen is using a known commodity and if he is happy with that person your chances of getting in with that bondsmen are very small--keep trying you never know when something occurs and the bondsmen is unhappy with his bea and seeks another--it could be a long wait--it is also my opinion you should work for an established bea while getting to know the local bonds people and making a reputation for yourself big problem today every butcher baker and candle stick maker want to be a bounty hunter most luckly never get there but many bondsmen get frightened of liability issues so they do not try new people |
Author: | rhino [ Sat 04 Feb 2006 17:39 ] |
Post subject: | |
I'm going to try presenting my self as an LLC in my state, with liability insurance to boot. I have a meeting with a guy this week who is going to help me set up the LLC and insurance. We all have to be licensed now in Washington, and the BEA in my county who is top dog says he thinks it a good way to go... he sees bail recovery all going that way within the year. I want to be one of the first. |
Author: | HoundDog [ Mon 06 Feb 2006 09:22 ] |
Post subject: | |
In house FRA's, Fugitive Investigators etc. is becoming more prevelant nowadays. I do have a regular full time job myself as an in house Fugitive Investigator for a man that owns 2 Bail Bonding companies and have been working for him for the last 6 years. It is cheaper for them in the long run and for myself it provides a regular weekly paycheck. |
Author: | SpanielPI [ Mon 06 Feb 2006 12:11 ] |
Post subject: | |
Additional revenue possibilities: Collections. This is 1 aspect of the bail industry that most professional BEA's miss. Yes, you captured the fugitive; Yes, your bondsman paid you. So you are done right ?..maybe, maybe not. How does the bondsman get paid ? By the co-signer right ?..what if ?....the co-signer has moved, gone underground, files bankruptcy, etc and refuses to pay the bondsman forcing him/her to sue the co-signer... Now you have the opportunity to turn your BEA investigation into a collections operation. Typically you can work out a deal with them for 25% of the collected amount. Now you can also do collections for attorney's, hospitals, retail stores, etc. Afterall, you use all of the same resources, methods, strategies, etc. If you picked up your local hospital's collection account, a chain of convenience store accounts, etc and charged all of them 25%/closed case, then the income is unlimited. Open the mind, broaden the horizon, fatten the wallet...... |
Author: | straycatfra [ Mon 06 Feb 2006 13:16 ] |
Post subject: | |
Yes, your right. I was looking into collections and repo's.In Michigan one needs a collections license. |
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