I receive sales pitches, requests for demos, marketing ideas… Every day. It’s tough to filter these opportunities out. (We’re extremely busy here in the loan sharking space.) So, during the first 15 second mental evaluation I perform to decide if followup makes sense, I look at the sender’s email address. If it’s hotmail, gmail, yahoo… DELETE! Use your company domain – ideally a .com – or don’t waste your time.
Jer@TrihouseConsulting.com
THE BLOG
11
Jun
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09
Jun
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Carter Doughtery with Bloomberg wrote an informative piece on payday loan lead generators.
Internet Lenders MUST solve these issues regarding consumer trust, privacy and data protection or they’ll never achieve the velocity they strive for, nor the ability to take market share, from the “brick-n-mortar” stores.
Ultimately, the only consumers who will choose to enter a relationship with an Internet lender, be it a state-licensed, choice-of-law, a tribe, or an offshore operation – this is assuming consumers can even make this determination – will be those consumers who reside in a state that does not have safe-harbor legislation in place nor can the consumer drive across their state border to get one (very common!).
It should be pointed out that a current trend in the payday loan/micro-lending industry is that lead generators are evolving into lenders as well! Their margins are getting squeezed badly and the data-scrubbers are getting very efficient.
Here is a link to the Article: Carter Daughtery – Bloomberg – PDL Lead Generators
Nice job Carter and thanks for the reference! Jer – PaydayLoanIndustryBlog.com
08
Jun
Jun
Payday loans, tribe – sovereign nation model, the Federal Trade Commission… Interested in the latest developments? Go here for the latest news: Turtle Talk
05
Jun
Jun
Bloomberg posted an interesting piece today regarding the payday loan tribe – sovereign nation model. I would argue they are not necessarily evading state laws but they are certainly pissing-off a lot of us with substantial investments in our payday loan stores and Internet state-by-state licensing business models :o)
My buddy, Allen Parker with Consultants4Tribes.com contributed to the Bloomberg piece as well.
Here is the Bloomberg Piece on the payday loan tribe model…
02
Jun
Jun
Insightful article discussing the profitability of payday loans and the Wells Fargo model at Seeking Alpha by Tedra Desue. Thanks to my CPA pal, Tom D.
PDF: 500+ Pages $150.00
How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!
