Question for Marketers in the Financial Niche
- Thread starter mkstromin
- Start date
- Mar 10, 2010
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That is a very competitive niche; it pays well but be prepared to work farmer's hours.
TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
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are you talking about the loans with no personal guarantee or what?
- Mar 10, 2010
- 42,695
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No doubt there is money there... what were you thinking as to marketing it?
mkstromin
Senior Member
- Sep 29, 2011
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Get a site related to loans - and then create an affiliate platform and let aff promote it for me. Show them how best to do it and how best to promote it. US citizen would be perfect for this. Also to have upsells for SMB owners that dont get approved.
TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
- 14,993
- 16,105
I know the person behind this but it's not that easy to get those loans approved.....there is actually more to it than you have mentioned 
- Mar 10, 2010
- 42,695
- 107,114
Merchant cash advances would probably be a good fit for that aspect.
There is a lot of money in that industry but the work is hard and long. There are no real short cuts so you would have to lay out a nice effective business plan, implement it, clean out the bugs and have something for your affiliates to use as a base to build their client base for you.
I was in that industry a bunch of years back (largest loan closed was 31.2 million) but the work involved and the stress associated with that world is something that I do not miss at all.
mkstromin
Senior Member
- Sep 29, 2011
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31 Mill - that's a whole'nother level!
mkstromin
Senior Member
- Sep 29, 2011
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I know the person behind this but it's not that easy to get those loans approved.....there is actually more to it than you have mentioned
Well yes, but those are the most important, i think. Obviously there are other requirements.
- Mar 10, 2010
- 42,695
- 107,114
Yeah, commission on that is a few million dollars... I didn't just wake up and launch my ship in those waters though. I did a lot of little stuff, loans in the hundreds of thousands, lower millions and one at about 20 million before I as able to land a client of that size and provide the kind of quality service that would be in his best interest and get the kind of financing that fit his plans.
I remember getting a line of credit for a company in the amount of 50K and thought that was the pinnacle in my early days.
Believe me when I tell you though, the stress is on the edge of off the charts so if you decide to go that route be prepared.
mkstromin
Senior Member
- Sep 29, 2011
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I understand about the stress and beginnings.
I'm also going to start small and then maybe go up. Honestly i dont know much at the moment but i am a very quick learner!
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SO i get that this is in fact a lucrative thing for me to dive into!
I'm also going to start small and then maybe go up. Honestly i dont know much at the moment but i am a very quick learner!
--
SO i get that this is in fact a lucrative thing for me to dive into!
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- Mar 10, 2010
- 42,695
- 107,114
I would not do business with a financial services product with someone that was hiding their domain ownership.
contentguy429
Newbie
- Nov 15, 2014
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- 0
Has anyone heard of LeadsGate? They specialize in the PayDay niche and are new to the U.S. market. They claim they pay for all Payday loan applications even the ones that are rejected. I can't seem to find much info on them online. Any additional info anyone could provide would be helpful. Thanks!