I get this question from time to time and it puzzles me. It just seems like people should be asking “What is your success rate?”
I understand why people are asking this question though: they want to know what the chances are that they will fail.
So let’s first talk about your definition of success. Would you be happy, as many of our Licensees are, to add an additional $1,000 a month to your income? Or would you just like to replace your current income from your current job?
Would you only be happy if you could reach the magic “six-figure income” as many of our Licensees have done? Or would you only be happy when you have reached an income goal of $1,000 a day? We have Licensees doing over $10 million in billing for doctors, so you do the math if they are charging 6 to 8% on that number.
As you can see, your definition of success can determine your definition of failure.
Let me explain our business model. We are not a franchise. We are a training and support company. That is, we have put together a “turn-key” system that has been proven to be successful in getting people started in medical billing, there are no territories, or quotas, or ongoing royalties as with a franchise.
We do make a few pennies on each of the transactions you generate through your clients, but this is not something you pay to us. These are “rebates” from our technology partners who actually provide some of our services. So we do have a vested interest in your success, as we make money when you make money.
As much as we would love for every one of our graduates to succeed, we all know that’s not reality. We are seeing about a 10% drop out rate of people who do nothing with the business after training. That is a very low percentage!
Our business is to train and motivate you to run a successful business and make all the money you need to live the lifestyle you wish to live. So the real question you should be asking is “what am I willing to do to be a success in this business?”
“Am I willing work hard for while to build a profitable, stable business with residual income for me and my family?”
“Can I trust a company that has taught many other people to show me how to build a successful, profitable medical billing business?”
“Am I willing to follow their instructions and do exactly what they say until I have all the clients I need to make a good living?”
If your answers to these questions are YES, then you can be sure that you will not fail in this business. And isn’t that all that really matters?
Learn more about how much you can earn as an ABS Certified Medical Revenue Manager (CMRM).