WHAT IS REFUND CONSULTING? A Refund Consultant works within the niche industry of unclaimed money. Their role put simply, is to locate businesses or individuals that currently have outstanding payments owing to them, and facilitating the claiming process for their clients. Currently statistics show that within Australia alone there is an estimated $23.7 billion in lost funds waiting to be claimed by their rightful owners. The trouble in most instances is that people or organisations are completely unaware they have money owing to them. Funds that remain unclaimed over a period of time are consumed as government revenue, hence, the important need for Refund Consultants!
HOW DO PEOPLE LOSE THEIR MONEY YOU ASK? Quite easily actually, people may move to several different addresses without correctly updating their details with all their service providers, dormant bank accounts, changes made to their superannuation, over payments , eligible to dividends payouts they were not aware of, the possible scenarios are endless. Refund Consultants specialize in looking for unclaimed money pertaining to lost bank accounts, unpresented cheques, lost superannuation, dividends/shares, life insurance, deceased estates, just to name a few of their areas of expertise. Legislation provides that every year all unclaimed money must be disclosed and transferred to regulated trust accounts nationally. Every year the amount of unclaimed money increases and sadly much more expire and are lost forever. Here then, lies an incredibly unique opportunity in a Multi Billion Dollar industry to position yourself as a trained Refund Consultant providing a much needed solution to the increasing number of people missing out on their hard earned money, whilst also earning an income helping reunite people with their lost funds. Operating a Refund Consulting business has become quite attractive due to the uniqueness of the business, the obvious need in the industry and the flexibility and financial gains that comes with the opportunity.
HOW DOES
THE REFUND PROCESS WORK? One of the attractive aspects of operating a Refund Consulting Business is the business model itself, it is very transparent and ethical for both Refund Consultants and their clients. Refund Consultants will search through listing of unclaimed money and trace down the rightful owner. Once located they will inform the owner of the funds outstanding to them and offer their service to help them in lodging a claim for their lost funds. The client will sign an agreement to the Refund Consultant along with Identification documents, allowing the Refund Consultant to act on their behalf in further investigating the funds and working alongside the client to gather all necessary documentation for a successful claim. Once the claim is approved the Refund Consultant will typically receive the funds owing to the client, they will forward this on to the client minus their percentage charged as their service fee. There are no upfront fees the client is required to pay providing the client with peace of mind, as service fees will come directly from the funds that are recovered successfully. If the claim is not successful there is no service fee charged. Sounds simple? And generally it is provided the proper training is obtained to insure Refund Consultants are working correctly by legislative requirements and become highly skilled in their ability to locate lost funds, their owners and have a thorough understanding of how to lodge successful claims. Without the correct training this is not easily achievable.
REASONS
TO BECOME A REFUND CONSULTANT Be in business for yourself as a trained Refund Consultant providing a highly valuable service, whilst enjoying the freedom and flexibility of being your own boss. Work when you want on your terms and from anywhere you like, never be geographically restricted again.
Low investment and ongoing operating fees with high returns
Multibillion Dollar Industry
A large pool of clients and increasing every day
Provide a service that is truly beneficial to your clients that you feel great about!