Tag: start payday loan business

30
Jan

Payday Loan Industry-Opportunities, Challenges and Respect

Posted by / Uncategorized

Jer here. My rant today targets the multitude of opportunities in the payday loan space.

Capital is simply a commodity! Ask what your financier brings to the table in addition to dollars.

This isn’t a short analysis. You want superficial B.S? Click away now . Pay the price, invest 5 minutes of your time and THINK.

There are serious disturbances occurring today. Worldwide consumer demand, technology, regulatory oversight, extraordinary availability of capital, disclosure and cycle-of-debt issues…

What does all this really mean? There has never been more opportunity in our space than today. Sure, there are challenges.

DISRUPTION = OPPORTUNITY

Customers all over the world – by the millions – want our product.

What’s this mean to you? How do you want to get involved?

Do you want to partner? Are you an Investor? A Lender? Have capital? Need capital? Got an idea? Are you a vendor? A seller? Want to sell your stores? Your Internet operation? Sell your portfolio?

LET ME KNOW! I’M BOMBARDED DAILY by Lenders, Operators, Investors, Buyers, VC’s, Hedge Funds and Entrepreneurs! Let’s explore together…

Here are a few in no particular order:

  • Serious $$ ($2M-$10M+) needs placement. Very smart, experienced operators are in demand! The financiers need YOU! ROI? Depends on the “deal,” the structure, the Team, the terms,the exit strategy…
  • Capital looking for opportunities. Know anyone with a SOLID team in place, not a start-up, already have substantial “skin in the game ($$) who needs capital $2M+ for funding PDL’s (no infrastructure build-out, no operations expenses to be paid with a new capital infusion), probably earn 2% – 5%/month or more depending on the deal/structure/equity?
  •  Brick-n-mortar buyers with cash! Want to sell? Fast?
  •  Internet biz buyers. Want to sell your Internet Biz/Portfolio?
  • Investors: 3rd Party Lenders in Texas! Huge demand due to disclosure requirement of Third Party Lender on new CAB License as of January 1st, 2012. Fully collateralized, 15-20% annual ROI is typical. Secondary challenge is the $25k net asset requirement per location – operators need help with this kind of operating capital too. There are over 3,500 Texas CSO’s and Texas is blowing up with business
  • Operator with 10 years+ experience, started Brick-n-mortar, now have $150K on the street via Internet. Looking for $100K – $500K in tranches strictly for funding PDL’s via the Internet. Strong Team!. Couple of state licenses currently..Ready to rock-n-roll!
  • So. California stores for sale.
  • Mississippi stores for sale
  •  Missouri stores for sale
  • Several other states with stores for sale
  • We have a “ton” of small, very experienced Lenders in PDL or car title all over the USA looking for expansion capital. For example, very small car title Lender in TX, 15 years exp. looking for $50K for funding. These are not start-ups. They just can’t meet demand nor can they access the banks. Boatloads of this scenario! Beautiful, tightly run store winning system and making money.
  • Tribes need access to capital to launch PDL operations, casinos, check cashing stores, infrastructure, training and more.
  •  Exploring the tribal/sovereign nation model? Need help?
  • Are you a compliance pro? An “in-the-trenches collaborator” capable of working with “crazy” payday loan entrepreneurs?
  • Need help navigating the Texas CSO>CAB transition?
  • Are you a seasoned payday loan professional looking for new opportunities? Are you a Lender in need of experienced talent? Our industry in cranking! Complete privacy assured.
  • Analytic savants needed. Everyone is working on their “secret sauce.”
  • Plenty more all over the map but I gotta go row! Newport Beach is BEAUTIFUL today!

Look, my phone rings off the hook all day! Some days I’m on it non-stop. (Actually I have 2 cells, a notebook, a laptop, a desk top, and iPad and an iPod!).I’m buried with the daily dynamics and opportunities in Lending. Call me 702-208-6736. Send an email Jer@TrihouseConsulting.com with your ideas/needs.

And do your research! Get up to speed. Figure out what you want to do in this PDL game. It’s INTERNATIONAL! Visit the DFC Global web site and listen to their last 10K! Look-up Zest Cash, Wonga, DebtResolve… They’re all discussed on my Blog.

And PROTECT YOUR BUTT!

Finally: A RESPECTFUL, short comment about our industry by a Banker:
https://paydayloanindustryblog.com/bankers-can-learn-from-payday-loan-lenders/

NOW DO SOMETHING!!

702-208-6736
Jer@PaydayManual.com

Just getting started? http://paydaymanual.com/cash-advance-store.html

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11
Dec

Advertising-The Simple Methods Still Work with Payday, Car Title and Gold

Posted by / Payday Loan Marketing

Remember – the simple stuff still works! In the age of the Internet, IPads, smart phones, PPC programs like Google and Bing, text messaging, blogging, click-to-call, yada, yada, yada… the offline marketing channels still work great! This is true for both brick-n-mortar and online payday loan, cash advance, “pink-slip (car title) loans, scrap gold buyers and more.

Specifics? We have a location near a freeway off-ramp. We put up a highway billboard with a large graphic of one of our founders, a pot-of-gold and a simple call to action. After implementing the new billboard one week, we increased our weekly scrap gold purchases 30% and increased our store net revenue (on the gold side) from $4000/week to $5200/week. Scrap gold buys and revenues continue to increase! Our “out-of-pocket” costs are less than $300/month.

The point? Don’t forget the basics! Simple works!! Jer@PaydayLoanIndustryBlog.com
Leave a comment! What do you think? What’s working/not working for you?

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06
Jan

Payday Loan Operators-How to Make Tons of Cash With Your Data

Posted by / Uncategorized

Can you use FREE money? Would you like to make a ton of money with your existing customer data? A ton of money just with your “dormant files” and your non-current customer information?

Your customer data has tremendous value. And there are companies willing to pay you a ton of money every month for this information. You can monetize your customer data at zero expense to you and with no risk of cannibalizing your data.

And there is zero risk of ANY marketing to your data by third-parties!

This is literally FREE CASH FOR YOU!

So…  want to know how this works and what it means in dollars and cents to you and your operation?

Read on…

You, the data owner or Contributor, “park” your consumer data records with “THE COMPANY” via a data transfer to a secured FTP web site. The data is stored using state of the art security to protect all data. “THE COMPANY” scrubs this data against their current database of records. Any data records “THE COMPANY” doesn’t already have in their database are accepted and held in the Contributor’s (that’s you).

When one of the clients of “THE COMPANY” (typically a licensed and bonded debt collector or law firm) performs an authorized social security search for a consumer and they find it in your file and purchase the consumer record from “THE COMPANY”, you share in the revenue derived from that sale.

So… a debt collector has paid “THE COMPANY” for the consumer data that you provided “THE COMPANY” thus enabling you to receive a commission for your data contribution.

Let’s use an example.

XYZ Payday Loan Company dumps 100,000 records into “THE COMPANY’s” database on January 5. “THE COMPANY” reconciles the 100,000 consumer records provided by XYZ and discovers 37,000 of those consumer names are unique and not yet in “THE COMPANY’s” database. (Let’s say the other 67K consumer names were already present having been contributed by other Payday Loan Companies.) So… continuing our example, let’s say for the next 25 days remaining in January, clients of “THE COMPANY” search for 50,000 records of which 75 “hits” come from records previously submitted by XYZ Payday Loan Company.

“THE COMPANY” bills their clients (Collection Companies) net 30 at the end of January for let’s say 75 hits X $20.00/ea. = $1500.00. “THE COMPANY” collects this $1500.00 from their client by March 1 and pays you, the Data Contributor, X% of the $1500.00 collected. Typically, you’ll receive payment about 60 days after your first data contribution followed by monthly cash payments after that.

Benefits to you, the Data Contributor?

Additional revenue by monetizing the consumer data you have anyway! Consumer data from your dormant or denied files and non-current customers; data you have zero use for! Dead data that would not normally yield revenue to you!! FREE MONEY!!!

How it works.

Simple! You simply dump your data at a secured FTP web site. Virtually all file types are can be accepted. Then you make regular data dumps to the FTP site to keep growing your record base. Hot lining the data after the initial transfer usually yields higher returns. Just ask we will explain!

How to Qualify.

You really need at least 50,000 records less than 12 months old. Data records older than 12 months are acceptable but not as valuable. Contact us! Let us know what you have! This program is for both Internet and Store-front operators in consumer related industries.

How to Turn Your Consumer Data into $$$$$$

Send an email to:
4DataDollars@PaydayLoanIndustry.com
Your Name, Phone, Best time to call.
Please include an approximate number of records you have along with the aging. For example: I have 65k records from the last 6 months, 100k records in the 6-12 months age and another 200k over 12 months old.

All information is kept strictly confidential and your company name will never be disclosed as a data contributor.

Does this sound like a no-brainer? Your thoughts? What micro-lending information do you desperately need?

Do you have a  that’s service, product or opportunity that is relevant to our readers?

TALK TO ME!
Jer
Jer@PaydayLoanIndustry.com

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17
Dec

Even the Rich Using Pawnshops! Are Payday Loans Next?

Posted by / pawn

The Royal Pawn & Jewelry location in Royal Palm Beach, Florida is experiencing record transactions in high-end jewelry, fine art and automobiles.

Thanks to our current economy and the arrest of ponzi-king Bernard Madoff, or should we say “made-off as in made-off with all our money”, even the very rich are heading to their local pawnshop to make it through the week.

Levi Touger, co-owner of Royal Pawn & Jewelry, said big ticket items, including more than one ferrari and several yachts, are finding their way to his pawn shop. Having lost millions with Madoff, these “Royal Palm Beachers” need to get their hands on cash quick!

I sure hope the Palm Beach payday loan stores are stocking up on cash as well. I wouldn’t want the poodles in the area to want for their weekly shampoo.

Oh, if you’re planning to head over to Levi’s place for a deal on a 10 carat diamond ring, better wait. Florida state law requires pawn shops to provide 60 days for owners of pawned items to redeem them.

Jer@PaydayLoanIndustry.com

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How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!

How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!

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