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how do you start your own credit card company with not so much money without being a conglomerate and being like happening billions and billions of dollars well you know yesterday I spoke about how to create your own bank link down below but guys I've been thinking about it a lot you know you have credit cards all over the place in the App Store you have on Macy's I'm Costco all these places offering credit cards and they're coming out with new credit cards every single day new marketplaces and I was like hey how do we US you and I get into this market if we don't have billions and millions of dollars okay and I found out three ways to turn a credit card company and two of those three ways require little to no money okay it's the way to I should get a piece of the pie and actually make some money and you know gets turns to the business but I happen to have all this big money okay now if you guys don't know me my name is Jaime Bryson I'm gonna count it and I upload videos every single day subscribe my channel hit the bell so you get notified on top of that do me a favor smash like button and here's a question for you guys okay if per se you had a lot of money how much money do you think it would take to actually open up a credit card okay now some perspective here if you open up a credit card and you had a thousand people with a thousand dollar credit line well that's a million dollars so imagine like chase or boa that they have over like 25 million people and most of people have credit cards also imagine how much money that is that is a ton of money okay but don't worry about it because in this video I'm gonna show you guys now how to start like a billion dollar company or how to get into they're gonna have that money actually you can if you want to with this video but the main point I'm gonna show you exactly how to get a piece of that pie because a piece of a billion dollars it's this still a lot of money okay so stick around since you find out exactly how it works now let's get into it guys I want to talk about the startup cost the expenses and also the profit now when it comes to startup costs this business it can range from zero all the way up to millions and millions and millions of dollars depending on the method you choose what you're going to talk about later on in the video now on top of that expenses are legal costs least in a place where I should stay you know I'm distributing credit cards marketing employees all that fancy stuff goes into this business and it costs a lot of money to do it if you choose to do it your own and as you go throughout the entire process of creating one on top of that the profits are very very lucrative because on top of you like district credit cards making money from fees and interest well you make money from data affiliates and a lot of different things so whenever you're racing for credit card you know when you swipe in that data the credit card company can use that and sell it to a company and make money like that also so there's a whole bunch of lucrative way so she make money so just to put everything into perspective the average credit card makes around two hundred and thirteen dollars from customers every single year so man you've got a thousand people well that's around two hundred and thirty thousand dollars a year which adds up to around seventeen thousand dollars a month which is still a lot of money if you ask me so that's how it works you know you can make a ton of money not just from interest but also from data mining which is basically some people's data and also affiliates and also a whole bunch of other fees so there's a lot of ways to make money when you have a credit card not just by swiping and interest because you also even have merchant fees because every time those people swipe in a store well that store has to pay you of cuts by using your entire credit card so there's a lot of ways to do the entire thing guys now let's get started and I should talk about the three ways to actually get started into the credit card business now the first one is through affiliate marketing so for example this is for people that don't have a lot of money so if you don't have any money and you want to get a piece of the pie you can basically do affiliate marketing to make money this way for example have you guys ever noticed when you're looking for a credit card to actually sign up for you go to a website or you go to youtube you search it up and whenever you search it up it tells you like hey you're the pros you're the cons here is what you should get it or not get it and then all the way at the end or in the link to that video on YouTube usually have a link so you can sign up directly to the offer now those links are called affiliate marketing links because whenever you click on them and you sign up while that youtuber or that blogger or wherever they are well they make some money by you signing up so there's money to be made in this business without you having to have like your own credit card through affiliate marketing now you're probably wondering Tommy what companies out there actually do this and actually are successful at doing it for example you have to nerd wallet and also bank rate and a issue out a whole bunch of credit card links to people because they have a whole bunch I'm talking about millions and millions of customers that actually come on and viewers I review these credit cards and that way they make money without having to have their own credit card so imagine these websites like nerd wallet and bank rates use those millions of viewers and when they use them maybe like 10 percent or 1 percent of those people come on and sign up for those credit cards and they get paid like maybe five dollars per like entire signup which is like very low estimate because usually they get paid like maybe 50 25 depend on the credit card but the whole point is this okay when they sign up not 1% of millions of viewers maybe that's a that's like 10,000 people 10,000 people times $5 that's around like 50,000 dollars every single month you matter you had like a nerd wallet of your own and you're making all these blogs about credit cards people sign up well as a way to make a ton of money from the credit card industry without having to have the entire own credit card they're on top of that you're probably wondering Tommy what are some examples of affiliate websites I can use to actually make this money in reality if you sign up for the Capital Bank OpenSky secured credit cards whenever you have someone sign up and fund the accounts well you will get paid around $25 on top of that you also have credit card assistant Network and these people you know they want to fix people's credit and help them with all that fancy stuff well whenever someone signs up with your link you get paid ninety five dollars on top of that when I regenerated leave for that much some that has interest in the company well you get paid a dollar twenty five so every single day you could be making maybe two people register that's around two hundred dollars every single day okay that is a lot of money if you ask me okay that's right like a hundred ninety dollars every single day for instance with people on top of that not even talking about the leaves actually come in it's a lot of money to be made from this entire thing and you even have companies like Experian that use affiliate marketing so you want to get into a feeling marketing this is the way to do it and get a chunk of the credit card market without having to create your entire own like credit card and have millions of millions of dollars by the way if you wanted to you can make your own website for free or like $100 $200 it's like watching tutorials on YouTube and make your own website by the way my whole thing is this you want to be transparent and honest and build your whole brand because all you care about if all you care about is oh I want money but you hang up what people will catch on and people want quality and value and honesty so just be honest and have quality and people will sign up like naturally and that way you have to worry about that kay it's all about the money here and people will start discrediting you okay so just be careful now number two is affinity programs and also code branding on partnerships with credit cards so for example you know whenever you go into a gap or Macy's and have a go in credit card or you might even go to a non-profit and they have the own credit card also now this is more like for example that nonprofit as a company to groups for example when you have a group of people that are sharing like a certain interest together you can actually issue out a credit card for them some example if you have a non-profit and you connect with a bank or an issuer by the way an issuer's like our Amex Visa MasterCard all those issuers well if you connect with them and you issue out a credit card to your own group of people for this I'm talking like a non-profit well you can get commissions and also get paid through transactions so that's the way twice you make money on top but you also have like Oh Brandon called Brandon's for example if you have a business and you want to have an issuer like Amex Visa or like a bank actually like you know like fund your entire like credit card deal for example yep Amazon Amazon is a huge company you also have JetBlue also a huge company and the issue our credit cards but those credit cards are not really them issuing it out it's kinda like them working with banks and also issuers like you know Amex and Visa to actually issue out these credit cards on their behalf and that way they build up customer loyalty and also some more income because guess what it's not free because these people have their brand and the credit card issuers want that brand and that way they're in the door and they share the profits with those companies now you're probably wondering Tommy okay but how do I do this and how much money can I make well the answer is you know you don't need to be Amazon or a gap or the or any of these companies you know all you really need is a business you know you need a brand and once you have that together and you put that in I usually like hey I'm gonna contact a max or chase and actually try to have this thing like together you can do that if you want to now when you go on the website on Visa it clearly says that hey if you have a big round even better but if you don't have a big brand you still have a possibility of actually having like your own credit card issue to you for your customers so it's still possible don't think you have to be la mer a supermassive neck no that's not real okay so it's still possible for anyone out there now when it comes to the money side like how do I actually make money from this well the main idea is who has the most leverage in the deal who's benefiting more so for example you might say that commie the credit card is always gonna be having the most leverage wall in reality no because if you have a massive brand well they will do anything and offer anything really so as you get in that door to get a piece of that pie for example Costco is responsible for running 20% of all the cars issued through Amex so they have a lot of leverage Amazon also with taste synchrony Bank they have a lot of leverage also so it's all about leverage so in reality you can make money literally from people signing up to the credit card a higher dollar bonus on top of that rebates whenever people use the car and use they and get points you can get money from that also an even profit sharing - like interest and also merchant fees like all that stuff you will get a cut and a piece of the pie so if you have a business you might want to consider having you know an Amex an issuer or a bank work with you with your own credit card that way you have customer loyalty you give them points and you give them all that fancy stuff and on top of that you have money coming in from another stream because again they can come to your company and use that credit card you issued to them but they can also go somewhere else and use it and you're still gonna cut of the pie by having a very good deal where you get in profit sharing for you by the way you can even make money from data sharing so we are customers and they're using the credit card well now you know where they buying their products from so you can use that information for yourself to better your business or use that information to sell it and you make money like that also so there are a lot of lucrative ways to make money by having co-branded on credit card deals and even if any programs like nonprofits and certain groups by the way those groups can range from like for example like teams employments companies corporate sectors and even on for example like basketball teams so it all depends you know certain groups and certain ways for us to get into it I recommend you do a lot of research into it but the main thing is there are a lot of ways to get into this business without having to be a billionaire or a jillion heir okay so there you go now when it comes to the last and final way to get into the credit card industry is actually by creating your entire own credit card from scratch okay now this is kind of like very hard very difficult and you have to consider all these little things here that for example sales tax permit client agreement employment agreements also non-disclosure agreements memoranda agreements and understanding and on top of that online Terms of Use meaning all this stuff has to be taken care of and in reality all those like a lot of work here you can still give this all to like a law firm to take care of if you just focus on your entire like product and building that out okay so there's always an option for that because I'm assuming if you're considering this you probably have a ton of money anyway so why not export all this stuff into a law firm and have them handle everything professionally on top of that you want to consider well you know what is my nice You Know Who am I gonna be targeting you know for example a target audience that I would probably consider is probably nonprofits where you have people that are nonprofit contributors offer them as a credit card and 2% of all the money they use well 1% goes to charity and 1% goes to them that's pretty awesome if you ask me but you'll also make money on the interest and fees and accumulate into the account so you still make a ton of money by having a can on profit good business in place on top of that you want to consider like hey you don't want to do like travel I'm lifestyle like more for like high credit lines low credit lines low income people bad credits there's a whole bunch of nice especially going to because you don't want to go abroad because when you go abroad you don't know who your audience is and you don't know how to market to them so just go niche down and find out who do I want to target and focus on them because later on you can always focus on expanding but for the first few years or the first few years or whatever or months you want to focus on what's my niche and who those people I'm gonna target on top of that you want to really sit down and consider do I really have this much money because although you might think of a millionaire I'm rich you might be yeah but in reality if you even get like 10,000 people to sign up for your car maybe even a thousand people and you issue out a credit line of a thousand dollars well that's a million dollars to maintain like ten thousand people that's ten million dollars right then and there if you have a lot of money great if you don't you might want to consider doing the other two ways you don't have an affiliate marketing or just like getting a core branding deal and that we start everything up and then later on you create like your entire own thing but for the first few years this is gonna be like very expensive and very tough to do I'm not saying don't do it if you have the money great go along and do it but it takes a lot of money man I'm not gonna lie to you on top of that imagine this okay interesting fact here well there are like five hundred and fifty million credit cards rolling around in America so you just got like 1% of that market that's still a ton of money on top of that if you're not really into the entire like oh I wouldn't have my own credit card and all this stuff well you might just want to get into the entire manufacturing of credit cards but that's a topic for another video I'll talk about that later on but guys as always let me know in the comments down below did you enjoy this video what did you learn and which one are you gonna do affiliate marketing co-branded or affinity programs or for example are you gonna make your own credit card comment down below let me know if you ask me I would probably go with affiliate marketing for the first few years and then get into co-branded with my entire business and then so on and so on and so on but come on ten million dollars and million dollars that's a lot of money for me right now but in the future it might not be well it will not be so for right now that's what I would do comment down below and let me know what you would do and as always guys if you enjoyed the video smash like button really appreciate subscribe to channel hit the best you get notified and on top of that if you want to talk to me one on one oona owner just DM me on instagram i Tommy bracing and if you want to learn how to start your own Bank which is quote-unquote very expensive well I'll click this video right here if you want subscribe right now click my face right here I'll see you guys tomorrow thanks for watching and peace