Starting a Collection Agency: How to Make Money Collecting Money

by Michelle Dunn

Do you want to start your own debt collection business? Don't know where to start? This book can help you start and run your own successful collection agency. When I started my business I did all my own research, read a lot of books, networked online and offline and took many classes. I started my business with nothing and built it up to a successful home based business that I sold after eight profitable years. Because I have researched, done all the legwork and know what mistakes you will make and can help you avoid them, I am confident my book can help you start and run your own home based debt collection business. I have many success stories from people who have used my book and my consulting that have successful collection agencies today! It worked for me, for them and can work for you. The advantages of using my book when you start your agency are many. Something that would take you 20 hours to research, may have already been done and the answers are in my book. When you use the resources I share with you you will have support while you work, you will be inspired to do your best, you can overcome challenges that might seem overwhelming to you alone and you can make your dream a reality. My book will help you get information on any licenses or permits you may need, marketing, pricing, setting up your home office, dealing with interruptions, time and distractions, growing your business, increased sales, income and any questions you may have. I make recommendations to you on how you can save money while growing your business, cheap to free marketing ideas, and ways to promote yourself online and off. Hiring a consultant to help you in the beginning stages of building your business will help you achieve success twice as quickly than if you tried to do it alone. If you do not wish to utilize my consulting, you can use this book as a guide and successfully start, run and grow your own debt collection business. If you are serious about starting your own collection agency, this is the book you need. I wrote the first edition of this book because of the demand for it and now offer you a Second Edition filled with even more details and resources to help you be successful and be your own boss.

176 pages, Paperback

First published June 1, 2006

About the author

Michelle Dunn is a 24 year debt collection industry veteran, entrepreneur, award winning author, self-syndicated columnist, one of the Top 5 Women in Collections and one of the Top 50 most influential collection professionals in her industry.

Reviews

[Gary Dale · Rating 5 out of 5]

Michelle Dunn is a real pro when it comes to collections. How do I know? Because I could see her bio on the book? No. Because Michelle has put together a very solid work on how to start and run your own money collection agency.

We I got the opportunity to read this book for review I thought it would be a bit of a challenge because of the specificity of its subject. It is really a targeted book, that’s for sure. I wouldn’t have thought that there would have been much in it for the casual reader. But actually, I found this tome a wealth of information on everything from how to start up your business to how to network at the local chamber of commerce to how to find your first accounts to how to hire and outsource your work! There are ideas in this for any business owner to tell the truth.

Being a business owner who has had to deal with debt in the past – a business owner who is looking forward to the rest of this recession / depression that the world is in, I was especially interested in the techniques and form letters that Michelle describes in her book on how to actually go about collecting the money from the debtors. She also covers the different types of collecting accounts: Ones in which you get a percentage of your recovery and ones where you actually buy the debt in advance. (On the latter the author provides a complete list of websites where the novice could look up each US state’s laws on this type of collection.)

And not to go too much on a tangent but Michelle Dunn even gives publicity tips and provides a long list of websites where you can post press releases about your services. This alone would be worth the price of the book for anyone who was looking not only to set up their own collection agency but also their own business.

Going back to what I alluded to at the beginning, Michelle Dunn has impressive credentials when it comes to running collection agencies. She’s an entrepreneur and she has lots of mentoring that she can offer to anyone who would like to follow in her footsteps. Starting a Collection Agency is a work I am sure that she is proud of and if you are interested in this field, or just interested in starting a company, give this book at least a once over.

[Michelle Dunn · Rating 5 out of 5]

This is the 2nd edition of my award winning book, Starting a Collection Agency, how to make money collecting money. I am happy to say that the new and updated 3rd edition of this book has been released!