We had lending business before but for one reason or another the chosen successor neglected this Then there will be sales where 50% are funds for maintenance. At the same time we have thousands of customer who can be ripe customers for lending
Hence the insta cash business. (INSTA CREDIT INSTA UTANG - Meron na pala East West na trade name) For most of our buyers nationwide. Steps:
Launch
1. We mine our customers data base say 100 prospects for leads/prospects
2. Then we approve a credit line for each one depending on the amount of product bought
3. Amount: 20,000 to P500,000. Pre approved or approval upon application (in 48 hours after application
4. Interest 0.9% up to 1.5% per month (for relatives and of the principal)
5. Product: Insta Cash
6. Channel/platform: via website or apps, documentation via apps, release via G Cash or Pay Maya
or FT
7. Whats unique: insta loan, 48 hours time line, available to house relatives; pre approved for
big buyers.
We would also use this for intra company sbu lending for development, discounting of receivables; and trading of plots where we could earn up to 30-40%. The level of assets could be 1.4B in 1 year and our margins could be 12% weighted. And thats a lot. No need for additional assets. All we need is platform and website and 5 employees
We can earn 9 numbers without resorting to a govt contracting
Financing business is still one of the best way to get wealthy. No losses in processing or manufacturing or distribution. All you have to be wary about is collection % and fraud detection among your people
Simply compounding the same amount of asset will triple your business by 300% in 10 years
This post had the following all ready prepared: Business Model, Business Plan, Marketing Plan (the job descriptions are all ready enumerated in the marketing plan under people and processes enumerated)
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