You’re after unclaimed funds, seeing all kinds of claims out their to target, and asking yourself… does size matter?
You’d better believe it!
As a found money professional deciding which unclaimed funds cases to pursue, size really does matter and going after super-big claims ($100k ) is a good strategy.
But, there’s a catch . . .
The really big claims have another thing going for them, and that’s tough competition from other found money pros. So, if you’re serious about targeting “monster” claims, you’ll have to be at the top of your game to be successful.
That means if you’re just starting out in the business, it makes little sense to be working the really big claims. It’s much easier to start with the smaller claims in the $5,000 or less range, and be content making a $1,000 or $2,000 profit initially.
Those cases have far less competition, and just about everywhere, and will give you the initial successes you’re after, as well as the experience you’ll need when it’s time to move up the ranks and go after the bigger claims.
But don’t jump too soon!
Once you’ve got a handful of $5,000 claims under your belt and made a few dollars you can actually put into your pocket, move up to the $10,000 range, and from there, the $20,000 area until you’re comfortable (and skilled) with handling bigger claims with more and better competition.
In time, with a little more success and a real world experience, you can set your sights on even those $100k claims and actually have a decent shot at getting them under contract and collecting a huge, five-figure finder fee check.
So, start small and be content initially with learning the ropes, but aim big. Get those smaller claims through your system and gain all that experience you’ll need to quickly move up the latter to the bigger paydays.
And yes, you’d better believe it, bigger really is better!