A LESSON IN ECONOMICS
Most observers would agree that the cleaning industry is
one of the fastest growing and most profitable ever.
Many small businesses have turned into large companies
in a very short time. Opportunities such as contract
cleaning, or carpet cleaning, have been winners for some!
Of course, the large potential profits make cleaning very
competitive. So, what is needed is a venture within
cleaning that is still very underdeveloped. Such an
opportunity can be found in car valeting - a high paying
business that is just waiting to take off!
Car valeting is an essential service. The high value of
cars and the need to keep up appearances of these
prestige possessions dictates this. Who would not pay
œ50-œ60 for the thorough cleaning of a œ20,000 car? You
can be sure there is more than enough demand for this
service.
All the service involves is advertising and carrying out
thorough car cleaning - easy and not unpleasant.
Customers both trade and private are everywhere. You
don't need premises - the modern way is to offer a mobile
service. But - it could be the start of your own valeting
and car care centre!
START TODAY!
Starting as a valeter is so easy you could just start today!
All you need to do is think of a professional name to trade
under - comical names are often best e.g. 'Mr. Cleanacar'.
Have some business cards printed which can be circulated
to pull in business.
Your home is an ideal base and the use of a telephone
will be helpful. You can work full time or part time with
another job. Weekends are a good time for this service -
and even cleaning 3 or 4 large cars per weekend could
earn you œ200!
The only essentials needed to start include some form of
transport - a car, van or even a bike. If you live in a
densely populated area you could even walk which
really keeps the cost of each job low. Either way,
running a mobile service is much cheaper than using
premises - use your customers facilities!
Build up a small collection of the usual car cleaning
tools - cloths, dusters, sponges, buckets and various types
of cleaning compound - a good wax polish is a must! At
a later date you can buy steam cleaners for washing
vehicle exteriors and cleaning carpets and upholstery.
But, these are not vital to start - especially as you will
require two machines for at least œ100 each!
You don't need any skill to start. Techniques for
obtaining high standards come easily with practice. One
tip is not to 'skimp' on cleaning compounds. Some of
these might be expensive but they cut down the effort
needed!
SELLING YOUR SERVICE
Selling valeting services couldn't be easier. Just think
how many cars are on the road. Even cleaning a tiny
fraction of them would lead to a certainly-not-tiny
fortune. Pitch your service everywhere you find a car.
Cars less than 4 years old are most likely to be your
business. Luxury/Executive cars are very lucrative - but
there is plenty of money in small cars too!
Private motorists use this service readily. This is
particularly so if they are selling their car. Having it
professionally cleaned can add hundreds of pounds to its
value - so valeting really does pay for itself. Travelling
round cleaning cars outside private homes is a not
inconsiderable business!
There are also many business operators of cars you should
sell to. Business fleet operators, car hire and taxi firms
all need your services. Regularly cleaned cars look better
for business and keep their resale value. But, some of the
most lucrative business is to be obtained from motor
dealers of both new and used cars. Most dealers valet cars
prior to sale, but most see this as an unwanted distraction.
You can offer to prepare vehicles for them.
Indeed, many car valeters have lucrative contracts with
garages to valet new and used cars for sale.
This provides regular, lucrative work - and you can
operate from the garages own premises. A full time
business could thrive on 20-25 cars per week, each
cleaned for only œ30 each!
Use as many different ways as possible for selling your
service. Make sure they are professional and reflect a
high quality service. Press advertising, leaflets and door
to door calling are excellent ways of getting work from
private motorists. Personal visits and mailshots are good
ways of selling your service to trade customers. However,
an excellent source of business is recommendation by past
customers and this costs you nothing. In particular garage
customers might recommend your service to friends in the
trade - which could turn out to be very lucrative!
Deal with all enquiries carefully and professionally. The
customer might be trusting you with a vehicle worth
œ10,000 - œ20,000 so you must sound reliable. Explain
that your service is mobile, i.e. you come to them. With
each order try and obtain a firm time and date when you
will call to carry out the work.
Always agree a price in advance. This can be more or
less what you like as your costs are very low indeed. A
fair and profitable way of pricing is to match your price
to the value of the car. Don't charge less than about œ20
for even a small car like a Mini. Family type cars e.g. a
Sierra or Cavalier should cost around œ30. An executive
Granada or Rover could be cleaned for œ40 or so. For
any type of luxury car or sports car - Mercedes, BMW,
Porsche etc, don't charge less than œ50-œ60. Your
service is worth it, and the owner will demand a good
job.
If you are able to obtain contract work from a garage
you could offer them a trade reduction. Regular
business on which you can build a sound venture is
always highly desirable.
CAR VALETING TRADE 'SECRETS'
When you obtain orders you should organise work
carefully. This will depend on whether you are working
full or part time. In general, a small car will only take
about two hours to valet. Allow half a day for the larger
cars - but œ50 is still good earnings for a half days work!
Be sure to take all your equipment with you to the
customers premises. Whether you are working at a
house or business premises you should not clean a car
parked in a busy road - apart from the danger it will
soon get dirty. Ask the customer to provide water and
power and a vacuum cleaner which is better than using
your own. A garage might have a power washer or
upholstery cleaning machine you can use.
It is best to start by cleaning the exterior of the car as
this is hardest. You can then sit down to clean the
interior. Wash all over with a good quality car shampoo
and hot water. Never use washing up liquid as this
causes streaks which make polishing harder. After
washing dry off with a rubber buffer. Using a wet and
dry polish means you can polish the exterior
immediately with no waiting. Most polishes (but not
silicone ones) will clean the windows to a good standard
too.
Make a point of cleaning any chrome - but this is fairly
rate on modern cars. However, cleaning it does make a
big difference to the vehicle. Clean any black or grey
plastic trim - bumpers, spoilers, etc. with a good silicone
polish so that they shine.
You should not neglect to clean all minor things like
headlights, rear lights, number plates and any badges.
Clean and sparkling glass makes the rest of the car look
clean too!
Clean wheels and tyres thoroughly. Paint tyres over with
a solution of tyre paint and turps. This restores that 'as
new' look.
Do not clean the engine compartment or under body etc,
unless specifically asked to do so. You will really need a
pressure washer to do this and you should charge œ10-œ15
extra for the service. Brand new cars might have a
protective wax covering and this will need to be removed
with a pressure washer - most garages will have one
though.
When the vehicle exterior is finished you can turn to the
inside. First, clean all the door shuts as these are rarely
cleaned and doing so will make a big difference. Then,
start on the inside. Clear all 'junk' out of a used car -
sweet papers, cigarette packets etc! Remove protective
covers from a new car.
If you have a carpet/upholstery cleaner, you can steam
clean soiled interiors. Otherwise a thorough vacuuming
will suffice. Also vacuum the headlining.
Clean all interior trim which is usually PVC. This
includes door interiors and seat backs. Carefully clean the
dash. Dust can be removed with a vacuum cleaner, then
polish with a silicone polish. On a used car windows will
then need to be washed to remove the greasy film that
usually develops. On a new car various labels and crayon
markings will need to be cleaned off. When working for
a dealer ask them to supply seat covers and mats to
protect the finished car.
Finally, don't forget to clean the boot area when working
for a dealer. If cleaning a private car this service
should not be included. People don't expect it - and
cleaning most boots is sometimes a virtually impossible
task!
You will soon find various types and ways of cleaning
that will really make your finished work look impressive
and ensure customer satisfaction. When cleaning a
private car clean it to get clean. When cleaning a trade
car clean it to look clean - and to sell!
On completion of the work ask your customer to check it
over. It is not unreasonable to ask them to pay now - no
credit! Try and negotiate contract work for a trade
customer. Try and get private customers to book their
next valet - in six or twelve months time. It's all extra
income!
THE SKY'S THE LIMIT!
Car valeting certainly offers a good opportunity for a
small or not-so-small business. The work is not hard but
can still earn you œ20 or more per hour clear profit!
What's more - some people are doing it now, it's no
dream.
If you want a larger business there is ample room for
expansion. Once you have a regular business you could
consider opening a valet centre in small premises in
addition to your mobile service. Much better for getting
regular contracts.
Many other services can also be easily offered. You
don't have to know anything about cars or offer
mechanical services. Car rustproofing is a popular and
profitable service. Many paintwork preserving
treatments can be applied. Upholstery protection
services are the latest car care service - get the chemical
needed from a carpet cleaners supplier. Styling
accessories like spoilers or body styling kits or stripes
can all be easily fitted for high profits. There are lots of
car services that don't come under the realm of a garage
and are just waiting to be exploited by you! And - what
about valeting vans, lorry cabs, caravans, motor homes, etc?
The cleaning industry is a truly vast multi-million pound
one. Unlike many businesses there are still profitable
opportunities that are not saturated with new operators, a
quality car valet service is one such opportunity.
MAKE IT AT THE AUCTION
All successful businesses are based on the
simple principle - buy something cheap - then
sell it at a mark up. Simple, in theory -
but rarely simple in practice. One of the
major entrepreneurs 'headaches' can be where
to get goods to sell at a cheap enough price
to allow a large enough profit.
Fortunately, there is a way that problem can
be solved - easily. Quite simply, auctions
offer you the chance to buy all sorts of
goods at under market value. It's then a
simple matter to resell them, perhaps
immediately, at in excess of market value.
A clear, quick profit!
Auction buying is not just an aid to those
already in business. There are many cases of
people who do nothing but buy 'anything' at
auction and resell for a profit.
Just consider, it only needs a few items bought or
sold a week with a few hundred pounds mark up
on each to build a considerable income. You
can be an auction entrepreneur in just part
time hours.
Of course, auctions are still shrouded in
some mystery. That's what helps to keep the
undetermined away from the profits. But,
they are generally simpler to follow than
they were. With a few visits you can be
quite experienced at 'snapping up' bargains
at auction and reselling for an immediate
gain.
Really, it matters not what you buy. Just
consider an auction as a place where you can
get things for a lot less than they are worth.
That's nothing short of an instant money
making opportunity!
Sheer Potential
The great thing about auction trading is
that you can actually prove the potential to
yourself before actually spending anything.
Just go along to a few local auctions.
Auctions are mainly a quick way of selling
goods for vendors. And, they are also a way
of selling things where any other techniques
e.g. press advertising would be difficult.
Because of this the prices are invariably
far less than market price. Auctions are
rarely an attempt to get more for an item
than it is really worth, despite appearances
to the contrary. But, of course, you would
always guard against being over charged.
Discounts at auction vary according to the
type of goods sold, type of auction, type
and number of crowd - even things like the
weather. In some cases auction discounts
have been quantified at as much as 80%!
Rarely would the saving fall below 10% - but
a reasonable ready accessible saving would
be 20-30%.
Quite simply, the auction potential means
you might buy an item (say a car) at œ1,000
one day. Then, the next day sell it for at
least œ1,200 to œ1,300. That's a
considerable, instant profit for hardly any
work; a way of making very quick extra cash.
How to find an Auction
Auctions are held the length and breadth of
the country almost every day of the week.
So, there will always be a chance to make
money. It's not always obvious which are
the best to attend though, and this will
need some market research on your part.
There are directories available listing
auctions and auctioneers. But, the cheapest
way of finding them is to look in the Yellow
Pages at your local library. Check the index
to see what different categories 'auctions'
might fall into.It is wise to visit auctions
before you even consider buying. Because,
although they offer the same service they do
work on different principles. Check, by
observation, that the auction is fair.
Auctions are, of course, working to get
highest prices for sellers - but they should
not be biased.
Good auctions should display goods prior to
the sale for inspection. And, they should
issue a catalogue or list of what is on offer.
The buyer accommodation should offer a clear
view of the auctioneer during bidding. More
importantly, the rules of the particular
event should be displayed on site - and
followed by staff at all times.
Do ensure the auction you attend is fair to
all buyers, and not favouring the 'regulars'.
Also that the price is not artificially
inflated by the auctioneer - it should be the
demand that sets the price. Most auctions
are honourable organisations, but there could
be exceptions!
Do stay behind after an auction has finished.
This gives a chance to see if those who have
bought are pleased with their purchases - or
if any 'little disputes' arise. A good guide
to finding the best, most honest and most
profitable auctions.
Successful Buying at Auctions
When you have gained a little experience at
auction you can venture to make your first
deal. And, there's no reason why it should
not be very profitable.
Do remember that most auctions demand cash
on sale. So, take an appropriate amount
with you. If this is risky ask for a
bankers draft at your bank. This is really
a cheque that cannot be stopped and most
auctions will take them.
At auction, goods are sold in lots. So, you
will need to decide which interests you. It
is a good idea to select 'substitutes' in
case your choices are bought by someone
else.
To start bidding, the auctioneer will
normally set a price. This could be far too
high - or far too low. So, wait until a few
bids have followed. You can then decide
whether the price will allow you sufficient
sale margin and start your own bidding. Each
bid may rise in œ1, œ10, œ100 or larger
units. So you have to keep a check on the
total carefully.
There is a good deal of showmanship involved
in auctioning and you'll certainly need
all your wits about you. Perhaps the main
aim is to ensure you only buy at good low
prices. Fall out of bidding if the price is
getting too high.
Although experienced bidders may make
strange signals to the auctioneer there is
nothing wrong with making your bid quite
clear. You can pick up the 'tricks' that
others use in the future.
When the bidding slows and the appropriate
sum is reached the auctioneer will proclaim
the classic 'going, going, gone'!
When the hammer falls the item is sold at the
final price.
Most auctions will demand a cash deposit at
the fall of the hammer. The only exception
being if they require all bidders to register
and lodge a deposit before the auction. The
balance must be paid and your purchase
removed within a certain time limit.
Note that auctions operate on a 'sold as
seen' basis and rarely give refunds. Only a
few give a guarantee against faulty goods.
So, bid enthusiastically, but with care
taking professional guidance as appropriate.
For best results you should arrange to
process and resell your purchase immediately.
Don't sell at auction though - the profits
won't be enough. Best profits are perhaps to
be found through newspaper advertisements.
Then - when you've cashed your purchase in
and made your profit why not reinvest the
proceeds in an even bigger auction deal?
Some possibilities
Following you will find a list of the proven
opportunities auctions offer:
- Cars. One of the biggest auction money
makers; huge discounts. But, do buy carefully
as you have little protection against faulty
cars, although most auctions have warranties
against stolen cars. Follow all vehicle
regulations - a car dealing licence may be
needed in some areas.
- Household effects. Ideal place to start in
auctions, buying up household items. Often
valuable items can be bought for pence in
'job lots'. Sometimes changes to pick up
antiques.
- Stock. Bankrupt trade stock, discounted
lines, etc. are frequently sold off by
auction. There are good opportunities here
to buy up lines and then offer to traders or
sell via market stalls etc.
- Tools/Plant. Items from the trade are
frequently sold off by auction. This may
include new and used items which can be
bought up and then sold back to the trade.
Do check items offered, as with many other
auctions, it may be up to the bidder to
check whether they are working or not.
- Farm Stock. Another popular auction line.
But it is probably not suitable unless you
have some experience in this area.
- Property. A real potential winner with
huge discounts available on property of all
types. Do take legal advice, and advice from
a surveyor/valuer though.
- Art and Antiques. Offers profits to beat
them all. Needs a little study of the
business - but there are smaller markets you
can try and succeed in. Not all auctions
sell 'old masters' for millionaires only
Always remember of course that auctions do
not always fall neatly into categories. Some
may be a combination of several types - or
completely new auction lines. Just keep
your eye out for any auction - because it's
almost always a chance to enjoy huge price
cuts!
Auction Success
Auctions are a unique opportunity in a way.
Because, unlike other ventures you can't
guarantee a certain trade week in and week
out. Remember though, this means your income
is limited by virtually nothing!
It does not matter how little you know about
auctions - or what you buy. Simply consider
them as a way of getting attractive
merchandise at very low prices indeed. A
source only open to the most enterprising of
people.
'Buy cheap, sell dear' is a principle that
means nothing less than complete success.
Exploit that principle and let auctions make
money for you.
simple principle - buy something cheap - then
sell it at a mark up. Simple, in theory -
but rarely simple in practice. One of the
major entrepreneurs 'headaches' can be where
to get goods to sell at a cheap enough price
to allow a large enough profit.
Fortunately, there is a way that problem can
be solved - easily. Quite simply, auctions
offer you the chance to buy all sorts of
goods at under market value. It's then a
simple matter to resell them, perhaps
immediately, at in excess of market value.
A clear, quick profit!
Auction buying is not just an aid to those
already in business. There are many cases of
people who do nothing but buy 'anything' at
auction and resell for a profit.
Just consider, it only needs a few items bought or
sold a week with a few hundred pounds mark up
on each to build a considerable income. You
can be an auction entrepreneur in just part
time hours.
Of course, auctions are still shrouded in
some mystery. That's what helps to keep the
undetermined away from the profits. But,
they are generally simpler to follow than
they were. With a few visits you can be
quite experienced at 'snapping up' bargains
at auction and reselling for an immediate
gain.
Really, it matters not what you buy. Just
consider an auction as a place where you can
get things for a lot less than they are worth.
That's nothing short of an instant money
making opportunity!
Sheer Potential
The great thing about auction trading is
that you can actually prove the potential to
yourself before actually spending anything.
Just go along to a few local auctions.
Auctions are mainly a quick way of selling
goods for vendors. And, they are also a way
of selling things where any other techniques
e.g. press advertising would be difficult.
Because of this the prices are invariably
far less than market price. Auctions are
rarely an attempt to get more for an item
than it is really worth, despite appearances
to the contrary. But, of course, you would
always guard against being over charged.
Discounts at auction vary according to the
type of goods sold, type of auction, type
and number of crowd - even things like the
weather. In some cases auction discounts
have been quantified at as much as 80%!
Rarely would the saving fall below 10% - but
a reasonable ready accessible saving would
be 20-30%.
Quite simply, the auction potential means
you might buy an item (say a car) at œ1,000
one day. Then, the next day sell it for at
least œ1,200 to œ1,300. That's a
considerable, instant profit for hardly any
work; a way of making very quick extra cash.
How to find an Auction
Auctions are held the length and breadth of
the country almost every day of the week.
So, there will always be a chance to make
money. It's not always obvious which are
the best to attend though, and this will
need some market research on your part.
There are directories available listing
auctions and auctioneers. But, the cheapest
way of finding them is to look in the Yellow
Pages at your local library. Check the index
to see what different categories 'auctions'
might fall into.It is wise to visit auctions
before you even consider buying. Because,
although they offer the same service they do
work on different principles. Check, by
observation, that the auction is fair.
Auctions are, of course, working to get
highest prices for sellers - but they should
not be biased.
Good auctions should display goods prior to
the sale for inspection. And, they should
issue a catalogue or list of what is on offer.
The buyer accommodation should offer a clear
view of the auctioneer during bidding. More
importantly, the rules of the particular
event should be displayed on site - and
followed by staff at all times.
Do ensure the auction you attend is fair to
all buyers, and not favouring the 'regulars'.
Also that the price is not artificially
inflated by the auctioneer - it should be the
demand that sets the price. Most auctions
are honourable organisations, but there could
be exceptions!
Do stay behind after an auction has finished.
This gives a chance to see if those who have
bought are pleased with their purchases - or
if any 'little disputes' arise. A good guide
to finding the best, most honest and most
profitable auctions.
Successful Buying at Auctions
When you have gained a little experience at
auction you can venture to make your first
deal. And, there's no reason why it should
not be very profitable.
Do remember that most auctions demand cash
on sale. So, take an appropriate amount
with you. If this is risky ask for a
bankers draft at your bank. This is really
a cheque that cannot be stopped and most
auctions will take them.
At auction, goods are sold in lots. So, you
will need to decide which interests you. It
is a good idea to select 'substitutes' in
case your choices are bought by someone
else.
To start bidding, the auctioneer will
normally set a price. This could be far too
high - or far too low. So, wait until a few
bids have followed. You can then decide
whether the price will allow you sufficient
sale margin and start your own bidding. Each
bid may rise in œ1, œ10, œ100 or larger
units. So you have to keep a check on the
total carefully.
There is a good deal of showmanship involved
in auctioning and you'll certainly need
all your wits about you. Perhaps the main
aim is to ensure you only buy at good low
prices. Fall out of bidding if the price is
getting too high.
Although experienced bidders may make
strange signals to the auctioneer there is
nothing wrong with making your bid quite
clear. You can pick up the 'tricks' that
others use in the future.
When the bidding slows and the appropriate
sum is reached the auctioneer will proclaim
the classic 'going, going, gone'!
When the hammer falls the item is sold at the
final price.
Most auctions will demand a cash deposit at
the fall of the hammer. The only exception
being if they require all bidders to register
and lodge a deposit before the auction. The
balance must be paid and your purchase
removed within a certain time limit.
Note that auctions operate on a 'sold as
seen' basis and rarely give refunds. Only a
few give a guarantee against faulty goods.
So, bid enthusiastically, but with care
taking professional guidance as appropriate.
For best results you should arrange to
process and resell your purchase immediately.
Don't sell at auction though - the profits
won't be enough. Best profits are perhaps to
be found through newspaper advertisements.
Then - when you've cashed your purchase in
and made your profit why not reinvest the
proceeds in an even bigger auction deal?
Some possibilities
Following you will find a list of the proven
opportunities auctions offer:
- Cars. One of the biggest auction money
makers; huge discounts. But, do buy carefully
as you have little protection against faulty
cars, although most auctions have warranties
against stolen cars. Follow all vehicle
regulations - a car dealing licence may be
needed in some areas.
- Household effects. Ideal place to start in
auctions, buying up household items. Often
valuable items can be bought for pence in
'job lots'. Sometimes changes to pick up
antiques.
- Stock. Bankrupt trade stock, discounted
lines, etc. are frequently sold off by
auction. There are good opportunities here
to buy up lines and then offer to traders or
sell via market stalls etc.
- Tools/Plant. Items from the trade are
frequently sold off by auction. This may
include new and used items which can be
bought up and then sold back to the trade.
Do check items offered, as with many other
auctions, it may be up to the bidder to
check whether they are working or not.
- Farm Stock. Another popular auction line.
But it is probably not suitable unless you
have some experience in this area.
- Property. A real potential winner with
huge discounts available on property of all
types. Do take legal advice, and advice from
a surveyor/valuer though.
- Art and Antiques. Offers profits to beat
them all. Needs a little study of the
business - but there are smaller markets you
can try and succeed in. Not all auctions
sell 'old masters' for millionaires only
Always remember of course that auctions do
not always fall neatly into categories. Some
may be a combination of several types - or
completely new auction lines. Just keep
your eye out for any auction - because it's
almost always a chance to enjoy huge price
cuts!
Auction Success
Auctions are a unique opportunity in a way.
Because, unlike other ventures you can't
guarantee a certain trade week in and week
out. Remember though, this means your income
is limited by virtually nothing!
It does not matter how little you know about
auctions - or what you buy. Simply consider
them as a way of getting attractive
merchandise at very low prices indeed. A
source only open to the most enterprising of
people.
'Buy cheap, sell dear' is a principle that
means nothing less than complete success.
Exploit that principle and let auctions make
money for you.
HOW TO START A MONEY BROKERAGE BUSINESS OF YOUR OWN
... and earn œ100,000 a year, collect
large fees helping others, and borrow all
the money you need ...
Becoming a Money Broker is one of the easiest
and most rewarding endeavours available.
Virtually anyone can become a Money Broker
with the smallest investment.
You can start this business on a part time
basis, and earn large "Finders Fees", or open
your own office and work full time with
absolutely unlimited income potential.
Until very recently, the "secrets of money
brokering" were closely guarded and known
only to a few select bankers, investment
corporations, and business consultants.
No other business offers the potential income
figure for so little investment.
As an example, starting with less than œ100,
some Money Brokers have made œ100,000 in
their first year of business!
This is the ideal way for a man or woman to
supplement his or her present income, or
change professions after a period of time.
It is an absolute "dream-come-true" for the
semi-retired, or retired office worker.
There is hardly another business requiring
less than œ100 in start up costs that can
put you into a six figure income bracket so
quickly. None of them give you the power, prestige,
or status - the respectability in your
community - equal to that of a Money Broker.
To get started, you'll need stationery,
envelopes, and business cards with your own
letterhead. Be sure to include your phone
number. Also,have copies made of your Fee Agreement.
We have presented a typical Fee Agreement
Form (which you may duplicate after
eradicating the instruction we have given in
the blanks).
As we have stated, the investment in this
business is small; when you have your
stationery, envelopes, cards and the Fee
Agreement forms in hand, you have spent part
of it.
The other part will be discussed now, because you have to "find" both borrower and lender to really get underway.
Once you have your "working paper", you will
run some advertisements in your local paper
under the headings "Money to Loan" or
"Business Opportunities".
Typical ads might read:
MONEY AVAILABLE FOR BILL PAYMENTS, HOME
REPAIR, BUSINESS EXPANSION, ANY WORTHWHILE
PROJECT. CALL JOHN JOHNSON 12345. (This ad
would be used to "pull" borrowers).
BUSINESSMAN NEEDS CAPITAL FOR EXPANSION.
EXCELLENT COLLATERAL AND REFERENCES. CALL
JOHN JOHNSON AFTER 4pm 12345. (This one would
be to attract lenders).
In response to the calls or letters from
prospective clients, you will have to be
prepared (really be prepared by practising)
with the proper answers and sales pitch -
i.e. (to the prospective borrower):
"Yes, this is John Johnson. Thank you for
calling. First I'll explain how we operate.
I'm a money broker. I bring you, the
borrower, and the lender, together. I have
many different money sources available -
banks, insurance companies, private
investment groups of doctors, dentists,
lawyers, and other professional people. My
sources are in business to make money by
lending out money. Let's see - I need to
determine your needs and the purpose of the
loan in order to properly prepare the
necessary financial papers for formal
presentation to the best suited lenders. I
may have to take your loan request to as
many as ten different lending groups in
order to get the loan for you. Once I have
an approval on your loan request, I'm paid
anything between 2% to 10% of the total loan
figure - important for you to remember,
though, is that I don't get paid unless I
get the loan for you. I do, however, charge
a œ100 (or œ25 or œ50) non refundable
Application Fee to cover my expenses in
preparing your request for loan papers and
presenting this portfolio to the lenders.
In a nutshell, that's how these types of
loans are negotiated.
Now then, how much money will you need? (Note that five
successful registrations per week could
bring in between œ125 and œ500 each week).
This is where you begin to acquire the
information you are going to need to proceed
- the amount of money needed - purpose of
the loan - terms borrower wants for
repayment - and a profile of his background;
education, employment record, date of birth,
marital status, general health, and number
of dependants.
Next you type this information into a proper
format, assemble it into a portfolio with a
cover letter, and present to at least five
different lenders for their consideration.
When the loan is granted, you collect your
Broker's Fee - a pre-determined percentage
of the total loan figure.
_____________________________________________
(TYPICAL FEE AGREEMENT FORM)
YOUR NAME AND ADDRESS
AGREEMENT FOR FINANCIAL SERVICE
The Undersigned
(borrowers name)
hereby appoints
(your name)
as Agent, and authorises him to submit to
lenders financial data and information
supplied by the borrower, for the purpose of
the lender of making a loan or investment
direct to the undersigned.
The undersigned agrees to pay to
Your Name
of the amount of the loan or investment
obtained.
The undersigned hereby pays to (your name)
a non-returnable fee of œ ...... for the
time involved to appraise the feasibility of
loan requested; this fee is separate from
any other fees due if the loan is obtained.
More on this topic
large fees helping others, and borrow all
the money you need ...
Becoming a Money Broker is one of the easiest
and most rewarding endeavours available.
Virtually anyone can become a Money Broker
with the smallest investment.
You can start this business on a part time
basis, and earn large "Finders Fees", or open
your own office and work full time with
absolutely unlimited income potential.
Until very recently, the "secrets of money
brokering" were closely guarded and known
only to a few select bankers, investment
corporations, and business consultants.
No other business offers the potential income
figure for so little investment.
As an example, starting with less than œ100,
some Money Brokers have made œ100,000 in
their first year of business!
This is the ideal way for a man or woman to
supplement his or her present income, or
change professions after a period of time.
It is an absolute "dream-come-true" for the
semi-retired, or retired office worker.
There is hardly another business requiring
less than œ100 in start up costs that can
put you into a six figure income bracket so
quickly. None of them give you the power, prestige,
or status - the respectability in your
community - equal to that of a Money Broker.
To get started, you'll need stationery,
envelopes, and business cards with your own
letterhead. Be sure to include your phone
number. Also,have copies made of your Fee Agreement.
We have presented a typical Fee Agreement
Form (which you may duplicate after
eradicating the instruction we have given in
the blanks).
As we have stated, the investment in this
business is small; when you have your
stationery, envelopes, cards and the Fee
Agreement forms in hand, you have spent part
of it.
The other part will be discussed now, because you have to "find" both borrower and lender to really get underway.
Once you have your "working paper", you will
run some advertisements in your local paper
under the headings "Money to Loan" or
"Business Opportunities".
Typical ads might read:
MONEY AVAILABLE FOR BILL PAYMENTS, HOME
REPAIR, BUSINESS EXPANSION, ANY WORTHWHILE
PROJECT. CALL JOHN JOHNSON 12345. (This ad
would be used to "pull" borrowers).
BUSINESSMAN NEEDS CAPITAL FOR EXPANSION.
EXCELLENT COLLATERAL AND REFERENCES. CALL
JOHN JOHNSON AFTER 4pm 12345. (This one would
be to attract lenders).
In response to the calls or letters from
prospective clients, you will have to be
prepared (really be prepared by practising)
with the proper answers and sales pitch -
i.e. (to the prospective borrower):
"Yes, this is John Johnson. Thank you for
calling. First I'll explain how we operate.
I'm a money broker. I bring you, the
borrower, and the lender, together. I have
many different money sources available -
banks, insurance companies, private
investment groups of doctors, dentists,
lawyers, and other professional people. My
sources are in business to make money by
lending out money. Let's see - I need to
determine your needs and the purpose of the
loan in order to properly prepare the
necessary financial papers for formal
presentation to the best suited lenders. I
may have to take your loan request to as
many as ten different lending groups in
order to get the loan for you. Once I have
an approval on your loan request, I'm paid
anything between 2% to 10% of the total loan
figure - important for you to remember,
though, is that I don't get paid unless I
get the loan for you. I do, however, charge
a œ100 (or œ25 or œ50) non refundable
Application Fee to cover my expenses in
preparing your request for loan papers and
presenting this portfolio to the lenders.
In a nutshell, that's how these types of
loans are negotiated.
Now then, how much money will you need? (Note that five
successful registrations per week could
bring in between œ125 and œ500 each week).
This is where you begin to acquire the
information you are going to need to proceed
- the amount of money needed - purpose of
the loan - terms borrower wants for
repayment - and a profile of his background;
education, employment record, date of birth,
marital status, general health, and number
of dependants.
Next you type this information into a proper
format, assemble it into a portfolio with a
cover letter, and present to at least five
different lenders for their consideration.
When the loan is granted, you collect your
Broker's Fee - a pre-determined percentage
of the total loan figure.
_____________________________________________
(TYPICAL FEE AGREEMENT FORM)
YOUR NAME AND ADDRESS
AGREEMENT FOR FINANCIAL SERVICE
The Undersigned
(borrowers name)
hereby appoints
(your name)
as Agent, and authorises him to submit to
lenders financial data and information
supplied by the borrower, for the purpose of
the lender of making a loan or investment
direct to the undersigned.
The undersigned agrees to pay to
Your Name
of the amount of the loan or investment
obtained.
The undersigned hereby pays to (your name)
a non-returnable fee of œ ...... for the
time involved to appraise the feasibility of
loan requested; this fee is separate from
any other fees due if the loan is obtained.
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