Business Opportunities - Check Cashing and Financial Service Center
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Are you looking for options to earn a lot of money with low investment? Then you must consider setting up a check cashing or financial service center. You do not need a fancy office for this as you can as easily work from your home. You need not to be an Ivy League graduate either. To start a financial service center you do not require any expensive equipment.
A financial services business is all about being the contact between the person who wants to borrow and the person who wants to lend. There are about 250,000 business loans processed by banks every week for varied amounts. If you can get even a small section of these applicants as your clients, you could earn anything from $75,000 to $100,000 a year.
You can bring in this rather large sum of money with a low investment. To begin work from home, you need a worktable, a telephone, a typewriter, some business cards and a filing cabinet. If you can afford it, even hiring a bookkeeper-cum-secretary helps. The key to this business is the contacts you can make and the people you can visit. To make a good first impression, make sure your business card is attractive enough, with minimal details and maximum impact.
To begin this home based business, you must place few classifieds in the financial services section of a local newspaper. You must target one advertisement at borrowers and another at lenders. It is also a good idea to follow-up other similar ads. When borrowers contacts you, ensure you make obvious your retainer charges and verify the genuineness of their needs. Once, you have a first client you need to convince the lender to loan money to your client. For this, you will want to put together a presentation. Small businesses and establishments are the most frequent in need of money and large professional lenders do not want to give them the money without a broker (you) to mediate the deal. You can well capitalize on this and make this a lucrative home-based business opportunity.
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