Comments on: Cash Loans http://www.businessopportunitiesandideas.com/94/cash-loans Inspiration, ideas and opportunities for your business! Wed, 17 Mar 2010 12:58:50 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: John http://www.businessopportunitiesandideas.com/94/cash-loans/comment-page-1#comment-52 John Sun, 06 May 2007 07:52:24 +0000 http://www.businessopportunitiesandideas.com/94/cash-loans#comment-52 Vinny, Thanks for commenting. I for one do not believe that the morality of the business is defined on the ROI, in fact I tend to believe that many of the high street banks and mortgage companies are some of the worst offenders when it comes to debt. Vinny,

Thanks for commenting. I for one do not believe that the morality of the business is defined on the ROI, in fact I tend to believe that many of the high street banks and mortgage companies are some of the worst offenders when it comes to debt.

]]> By: Vinny http://www.businessopportunitiesandideas.com/94/cash-loans/comment-page-1#comment-50 Vinny Fri, 04 May 2007 20:01:14 +0000 http://www.businessopportunitiesandideas.com/94/cash-loans#comment-50 Well where do I start? I run the website mentioned in this article www.briteways.com I would like to address the matter of morality when contemplating a business of this nature. The Return on investment for this type of business is not as high as people may believe. On a £100 loan you would make £30 profit if you copy our model, and that is before any overheads or bad debt from none or slow payers is incurred. This amount of ROI is comparable to many retail situations where you might buy stock for £100 amd resell it for £150 or £160. Of course we also make sure that the people we lend to are not overloaded with too much debt. Why would you kill a golden goose? Unlike the mortage companies (who I presume most people think of as the "respectable" face of borrowing) none of our customers will ever have to repay hundreds of thousands of pounds in interest. In fact the profit from one individual customer amounts to only a few hundred pounds a year. The real profits are accrued from the numbers of customers you can serve. This can run into thousands if you use self empoyed collectors to share the work load. So do the maths! if one customer makes you a profit of £200 a year. Times that by 1000 and obviously you are making £200,000 a year!! This is a simple business model on the surface, but there are many pitfalls for the ill informed lender. For what our manual costs compared to the potential losses I would advise you to buy the manual, but there again i would say that wouldn't I? Well where do I start? I run the website mentioned in this article http://www.briteways.com I would like to address the matter of morality when contemplating a business of this nature. The Return on investment for this type of business is not as high as people may believe. On a £100 loan you would make £30 profit if you copy our model, and that is before any overheads or bad debt from none or slow payers is incurred. This amount of ROI is comparable to many retail situations where you might buy stock for £100 amd resell it for £150 or £160. Of course we also make sure that the people we lend to are not overloaded with too much debt. Why would you kill a golden goose? Unlike the mortage companies (who I presume most people think of as the “respectable” face of borrowing) none of our customers will ever have to repay hundreds of thousands of pounds in interest. In fact the profit from one individual customer amounts to only a few hundred pounds a year. The real profits are accrued from the numbers of customers you can serve. This can run into thousands if you use self empoyed collectors to share the work load. So do the maths! if one customer makes you a profit of £200 a year. Times that by 1000 and obviously you are making £200,000 a year!! This is a simple business model on the surface, but there are many pitfalls for the ill informed lender. For what our manual costs compared to the potential losses I would advise you to buy the manual, but there again i would say that wouldn’t I?

]]>