Tuesday, December 11, 2007

NY Cash Advance Companies Exploding

It seems everyday another new cash advacne company is calling me asking to work for them. They all promise 3,4,5,6 or more percent payout AND marketing. Obviously how can a company pay those kind of commissions and provide the marketing and support needed to retain customers.

It seems anyone with some leftover cash from their 90s stockbroker days thinks they can start a cash advance company. And actually they can. Just get an autodialer, a room with 100% commission salespeople (mostly out of work ex-mortgage brokers fired in the sub-prime meltdown hired off craigslist) and you can fill a pipeline in a matter of weeks. I know I did it.

Now what. How to get the deals funded and wired. And the follow up who does that? Who knows?

1 comment:

Leona said...

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