Friday, September 9, 2016

How to Run a Successful Bail Bonding Company

Helping people get out of jail is a rewarding and equally challenging career.  And with the sudden surge of bail agent job openings , more and more people are switching careers and starting their own bail bonding services companies.  According to Forbes, owning a bail bonding services company is one of the smartest decisions you'll ever make.  If you're thinking about cashing in on this booming business, you'll need a few pointers along the way.

Hire Fair and Ethical Bail Agents

Bail agents and other employees are the heart of a bail bonding services company.  When hiring a bail agent, you want to make sure they have the necessary education and state accreditation to practice in your state.  In addition to a great education, you'll want to give each candidate a ethical and real life decision making exam. Also, make sure to call their references.  A successful bail bonding services company starts with excellent employees.  You want people on your team who are passionate about the community and making their neighborhoods a better place to live.  An ideal bail agent candidate will also have incredible problem solving skills.

Following are links to blog articles I found that refer bail bond companies.  Being referred by a happy customer to businesses is the best way to find the ethical ones.  Following are links to these blog articles for your review:

You can also check with the BBB first.

Convenient Location for Bail Bonding Services

If you're considering opening a bail bondsman company, think location, location, location.  According to a recent study by the Academy of Bail Bondsman, the closer a bail agent business is to a court house or jail the more successful it will be.  In fact, bail bonding services companies located within three blocks of a courthouse were five times more likely to be open in five years.  It makes sense. The closer you are to your main demographic, the more business you will get.  And, think about it.  Most accused criminals don't have access to transportation.  So, if your bail bonding business is closer to the jail , the more likely a criminal or their family will stop by for help.  However, if you decide to start your bail bonding services company near the judicial system, be aware you may be paying more for prime real estate.  If this is the case, you'll need to raise you service fees. 

Bail Agents Available 24/7

In the bail bonding business, there is never a good time or place to be arrested.  In order to operate a successful bail bonding services company, your bail agents need to be available to answer phone calls 24-hour a day, 365 days a year. Depending on the needs of your clients, a bail agent may need to meet their clients at the local jail at 3 a.m.  Bail agents will also need to be available to answer questions and concerns from family and friends across California.  If you really want to set your bail bonding business apart from others in Rancho Cucamonga, CA, provide free taxi service to an from your local jail. 

Bail Agents Need Compassion

This is a tough business, but that doesn't mean you need to be cold.  For example, Arrow Bail Bonds is one of the most successful bail bonding services companies in California because its owner hires only the most compassionate bail agents around.  An arrest in a family is a confusing and chaotic time. Often a family in crisis will look to their bail bonding agent for moral support.  Think about it.  A bail agent is sometimes the first person a family will call when a loved one is suddenly arrested and charged with a horrific crime.  Having a compassionate and understanding bail agent will enable you to build a trusting relationship with your clients.  In addition to being compassionate, you want to make sure any bail agent you hire will refrain from judging their clients and their accused crimes.

Bail Bondsman Success is Possible

Owning and operating a bail bonding company is a great way to build a family legacy and give back to your community.  When trying to develop a business plan, take note from other successful bail agents in town, such as Arrow Bail Bonds.  There's no shame in asking another business owner to join  you in a cup of coffee!  It's important to connect with other bail bonding businesses in California, because some criminal cases require you to work together to bail an inmate out of jail.  Good luck with your future endeavors!