From the archive: This episode was originally recorded and published in 2020. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

KhaazRa MaaRanu is the co-founder of Electronic Commerce, now a Full Service Payment Provider that helps thousands of entrepreneurs grow and scale their business to unlimited processing.

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Resource

Electronic Commerce – For a limited time you can sign up for a 15 minute call to compare credit card transaction and processing fees! (Sorry! This link was active when this episode was first published in 2019 but is no longer an active offer.)

3 Value Bombs

1) Understand that there’s someone out there who wants to build a long-term relationship with you. They want to help you grow your business, and be in business for the long haul — one way to do that is by knowing your numbers.

2) One of the most important things for any entrepreneur is to know the 5 cash flow secrets. One of them is knowing your numbers. If you don’t know your numbers, you don’t know your business.

3) As a full payment service provider, KhaazRa’s team knows what they need to do in order to really serve their clients properly: be in control of the actual underwriting, risk, funding, and the tech.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: How to Grow and Scale to Unlimited Processing.

[1:23] – KhaazRa shares something interesting about himself that most people don’t know.

He’s really a fun guy, does things spontaneously, travels at a drop of a dime, and will do anything and everything at least one time.

[2:30] – KhaazRa shares his entrepreneurial journey and what got him to where he is today.

He went online and found a position in a 100% commission-based sales job.
He sold products and services that he didn’t really understand himself. He was selling merchant programs. He left that company and went to another company that was creating money out of thin air.

[7:35] – KhaazRa started his own program and partnered with the largest processing platform in the United States.

Through this venture, he realized that tons of clients are being overcharged on different programs. That’s when he decide to start a full-scale service payment provider.

[10:51] – What is a full service payment provider for entrepreneurs?

It makes it easier to scale online.
Cash flow is king for your business. If your funds are being held, you can’t talk to the first, nor the second company because there’s another company who controls the underwriting and risks.
There’s only a handful of full-service providers in the country.
As a full payment service provider, KhaazRa and his team know what they need to do in order to really serve their clients properly: be in control of the actual underwriting, risk, funding, and the tech.

[15:30] – A timeout to thank our sponsors!

HubSpot: HubSpot’s AI- powered tools are changing the way you create content and communicate with your customers! Find out more about how to use AI to grow your business at HubSpot.com/artificial-intelligence!
Aiper: Seagull Pro is Aiper’s most advanced cordless, robotic pool cleaner and is available right now for $899.99 at Aiper.com. Use code EOFire200 at checkout for $200 off!

[17:37] – What are the differentiators KhaazRa and his team have that other merchant providers don’t?

As a full service provider, they can handle every step of the process.
They go through your entire website, your offers, your products, and they make sure that you’re “card brand compliant”.
When you scale really fast, sometimes your chargebacks scale right along with it.
They set you up with a chargeback mitigation program, with fraud mitigation, and they make sure that when you have huge sales for one day, that’s not a result of somebody doing something illegal.
We have to protect the card holder, that is our responsibility. But we also want to protect the business owner to help them grow their business.

[22:10] – Why did KhaazRa launch his business?

He doesn’t want to be the kind of guy who brings a client on board, and then runs and hides from them when he sees them in a grocery store just because he did something unethical.
He wants to offer a program, make promises to a client, and provide value before, during, and afterwards.

[26:05] – KhaazRa’s key takeaway and call to action for Fire Nation.

Understand that there’s someone out there who wants to build a long-term relationship with you. They want to help you grow your business, and be in business for the long haul — one way to do that is by knowing your numbers.
One of the most important things for any entrepreneur is to know the 5 cash flow secrets. One of them is knowing your numbers. If you don’t know your numbers, you don’t know your business.
Electronic Commerce – For a limited time you can sign up for a 15 minute call to compare credit card transaction and processing fees! (Sorry! This link was active when this episode was first published in 2019 but is no longer an active offer.)

[29:40] – Thank you to our Sponsors!

HubSpot: HubSpot’s AI- powered tools are changing the way you create content and communicate with your customers! Find out more about how to use AI to grow your business at HubSpot.com/artificial-intelligence!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Grow and Scale to Unlimited Processing with KhaazRa MaaRanu: From the 2020 archive

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