You might have recently seen online the Fundwise Partners Program and how it could be a new side hustle. I wrote a review on the company who runs the program, Fundwise Capital, earlier that you can find here discussing the overall aspects of the company and how they can provide business and real estate funding to entrepreneurs.
In that article I touched on the fact that Fundwise Capital offers a new side hustle called Fundwise Partners. In this article I will dive into the inner workings of the program, the pros and cons, and my answer to this question.
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What is This New Side Hustle, Fundwise Partners Program?
The Fundwise Partners program was created with co-founder Corey Price to provide online entrepreneurs an affiliate marketing opportunity to offer entrepreneurs and real estate investors funding options to start or grow their investments with streamlined loan options to raise capital.
Fundwise Captial offers four main funding options:
- Startup Business Funding – For entrepreneurs to are looking to get their idea off the ground and start their business.
- Small Business Funding – For existing small business owners looking for additional capital
- SBA loans – For business looking to expand their operations
- Real Estate financing – For real estate investors to help with flips and fixes to sell or rent out investment properties.
How does the program work?
The Fundwise Partners program is an affiliate program that you need to sign up for first.
Once signed up, there are multiple training modules offered to you that will go through not only the product offerings of Fundwise Capital but also how to use all the backend affiliate program areas like the links, banners, and dashboard.
It also offers ancillary products that you can also market like credit repair and a debt to wealth strategy program.
The main part of the program, however, is the funding offering from Fundwise Capital. As an affiliate, your job is to find entrepreneurs and business owners interest in funding and provide them your affiliate link that will take them to the overview and application.
If they qualify and get funding then you as the affiliate will get paid a percentage of the funded deal. That simple!
What do you get when you join?
The first thing you notice when you join is the fast track training program they have laid out for new partners to learn navigation around the partner dashboard, learn about the Fundwise products, and how to start making money as a partner!
Once through the program they bump up your commission percentage as well which is an awesome benefit and a great way to incentivize new partners to make sure they are learning all the ins and outs of the program before they start running with the affiliate resources.
Now the affiliate resources are also a HUGE benefit as most affiliate programs will offer scraps when it comes to resources for the affiliates to use to market the offer but not Fundwise! They have a gigantic library of pre-formatted jpegs to use for Facebook and Instagram marketing.
They have pre-written copy to use for your email list too as well as flyers and business card templates to get made to use physically in your own geographic location.
Lastly, you get support which is also a difference from other affiliate programs. Not only support from the Fundwise support team but also exclusive FB group to connect with the partner community and regularly support from Corey himself via email and Facebook!
So can you make money with Fundwise Partners?
The simple answer is a resounding YES, you can make a lot of money with Fundwise Partners. The complicated answer is… it depends. It depends on the dedication you as an affiliate will have in finding leads and getting them to submit applications.
Finding the leads is usually where most affiliates get hung up even with all the training around the various aspects on where to find and engage potential leads! (They are coming out with a secret program within the partners program that will be able to provide leads to YOU so all you have to do is engage them! I am super excited for it and will get an article out here as soon as it is made public!)
All-in-all Fundwise Partners is a fantastic affiliate program for someone interested in the business/ entrepreneur financing niche and looking to be part of something that is scalable to either be a side hustle or a full blown full time career.
What a great way to create an extra income stream. It sounds very flexible and even if you don’t know anything about the product or the industry I can see that the training is comprehensive enough to learn. I’m wondering if Fundwise is available in all countries or is it only in the US? It could be very exciting building a finance business, thanks for the suggestion.
Hey Lily, great question! They have Partners from all over the world, however, the financing are only for U.S. residents at this time so if you live out of the country you can definitely become a partner and then market to U.S. entrepreneurs!
Hello Daniel, Thank you very much for sharing this fantastic article. I learned about the Fundwise partner via your article. The course they offer is designed to educate, train, and grow us. They also provide assistance for our development, which is quite remarkable. Can I take this course if I am not a US citizen?
Thank you for your comments Raja and yes! You can become a Fundwise Partner regardless if you are a U.S. citizen or not, however, funding deals can only be made to U.S. residence. Therefore, sign up to become a partner and then you would market to U.S. entrepreneurs and business owners.
This sounds like a good affiliate program. Business loans are a niche that is in demand and probably pays high commissions. It sounds like they provide a lot of promotional material as well. Would the Fundwise program be suitable to promote on a niche website, or is it better suited for promoting in person?
Thank you for the comment! What is great about this program is that it is great to be promoted both as on online niche website as well as locally in person. People have had a ton of success personally going to speak with local, small businesses in their community for their funding needs.
Hi Daniel, and thank you for sharing this information about the Fundwise Partner Program. I must admit that it sounds like there is money to be made here!
From your experience with this program do you think that the training provided is extensive enough for someone outside the Capital industry to be successful? Or do you think that perhaps this is something that is best taken up by someone with a lot of contacts in a specialized business area? ( ie real estate, manufacturing etc). I guess what I’m asking is it newbie friendly?
Thanks again for a great article. It’s really got me thinking!
Great question and yes it is definitely “newbie friendly.” They have a ton of training from the basics through more advanced, however, you are really just connecting people who need funding with the application page and Fundwise takes care of the rest so you don’t need to be very versed in the ins and outs of funding loans which is awesome!
On the surface, this sounds like a worthwhile affiliate program to join. It doesn’t fall into the conventional genre of other affiliate programs. I definitely like the high commissions possible.
Is there a start-up fee required of those who register for this program? Or any other start-up costs related to advanced training that is not shown until you join?
I happen to be associated with a group of entrepreneurs in a coaching program and feel this could be beneficial to share this funding opportunity with the members there. Hence, I may evaluate this program more critically in the days ahead.
If you can send me more information, please do.
Cheers.
Edwin
Hello and thank you for the comment! There is a small one-time joining fee to become a lifetime partner. Off the top of my head I don’t recall how much it is but it is less than $500. No other costs or fees! In the scenario you mentioned you can go one of two ways. You can become a partner and be the “funding guy” in the group and anyone who needs funding can come to you or you can become a partner and then have anyone in the group sign up as a partner under you and you get override commissions on any deals they fund. This latter options is a great deal if you know some people who have their own circle or clients/contacts that would need funding like a CPA for business broker for instance.
I see some MLM structures used to attract more partners. Although I think this is a good idea, I will need to research this company further to see what it’s history is as well as what others in financial circles think of their methods.
Thanks.
Edwin