Payday Loan Business Start-Up

How to Start a Payday Advance Lending Business - Be a Cash Advance Loan Broker to Help People Borrow Money When They Need It Most: Includes Marketing Advice

De: Ben Henry

Narrado por: Michael Stuhre

Are you looking to start a recession-proof business that will last through even hard economic times? A payday loan broker cash advance business is the solution. My book, Payday Loan Business Start-Up, I will show you how to start a payday loan business from scratch. Small, short-term money lending provides a service that people desperately need to make ends meet or pay an unexpected expense.

A payday loan business is easy to start.

I will take you through the process of beginning a payday cash advance loan business from start-up to the daily running. I’ll show you how to hire great employees, how to determine your profit, and how to write an ironclad business plan. You’ll be up and running in no time!

A payday loan business is a durable business venture.

I got my first taste of personal money lending with my entrepreneurial father. He owned a pawn shop before he started a payday loan business. I have been an integral part of his companies for years before myself owning three successful payday loans businesses. I am now a consultant and teacher to other budding business owners in my area. I have never had an issue starting, running, or growing a personal money lending/payday cash advance loan business in the past two decades. That’s how durable this business is!

Research and learn all you can about the payday loans industry.

This book offers a guide and secrets on how to start your payday loan business and turn your capital into a lucrative venture. To make the most of this book, listen carefully through every chapter while taking short notes for later reference. I would also encourage you to continue your research and read everything that you possibly can get your hands on about this business. Knowledge is power, especially when you’re entering into a brand new business venture.

My book will teach you specifically how to start a payday loan business.

Other books on this subject do not seem to give enough information on the loan broker industry. My book will teach you to start, run, and grow your business from idea to launch. You learn about the following topics:

• Definitions of industry terms
• The history of payday loans
• How payday loans work
• How to get a payday loan as a customer
• The application process
• Risks associated with a payday loan business and how to avoid them
• Skills needed to start a payday loans business
• Establishing a payday loans business
• Picking a business structure
• Setting up a limited liability company (LLC)
• Decide on your brand strategy
• How to register your business name
• How to collect different types of customer data
• How to conduct a feasibility study
• How to find your target market
• Understand the competition
• Determining income potential
• Understanding financial terms with payday loans
• A specific list of start-up costs
• Finding start-up funds
• Researching the right commercial locations
• How to create a business plan
• How to create a marketing plan
• How to conduct market analysis
• Different marketing strategies
• Understanding legal regulations on the federal and state level
• What to look for when hiring a lawyer and how to save on legal bills

©2020 CSBA Publishing (P)2021 CSBA Publishing

Contains no info you can’t find in a few Google searches

If, like me, you tend to read about topics of interest to you on the internet, you will probably be disappointed by this book. It contains no deep insights, no special information that only a successful payday lender would know. It is full of generic info that any sensible person could come up with either on their own or through some online reading.

Great

Very useful information for toe dipping in the industry. Looking forward to follow up details on operations