Payday And Paycheck Loans.com |
||
Store: Books, Case Studies, Reports... | ||
Home Purchase Reports Learning Center Payday Loan Industry Payday Training Manual Payday Seminars Payday Newsletter Payday Loan History Payday Profits Internet Business Our Contact Info Texas CSO Model Payday Loan Franchises Boot Camp New Payday Training Bible Car Title Loan Biz Scrap Gold Biz Payday Loan University Boot Camps Vendors/Suppliers Payday Loan Blog Scrap Gold Biz Payday Loan Legislation Payday Loan Legislation For Payday Loan Operators Payday Loan University Check Guarantee Program Text Messaging Strategy Payday Training Manual Payday Loan Machines ATM Cards Payday Loan Software Offshore Payday Loans Collections Gramm-Leach-Bliley Act Compliance Training Call Center Solution Payday Loan Leads For Payday Loan Investors Opportunities Earn 30% on Your Money Internet Business Other Stuff Valuations Success Stories Disclaimer Frequently Asked Questions Payday Loan Alternatives Check & ACH Verification Cash Advance |
Payday Loan Business > Profits
Payday Loan Business ProfitsThe following statistics represent our best estimates of the typical returns possible for one location:
Monthly Volume for 1 store: 575 Checks
These figures are based on our best opinion of existing stores, interviews with members of management of existing stores, statistics garnered from attendance at industry conferences and conventions. YOUR RESULTS MAY BE DIFFERENT! Are you currently attempting to determine the advisability of starting a new business? Or perhaps your an existing pawnshop or check cashing operator considering the addition of a paycheck advance profit center to your operation? What will your first year sales/earnings be? Guess? Certainly you can look at the demographics of your market area. Evaluate your competition, if any. Visit existing operations in other markets. Read any trade periodicals, if they exist. Get a job in the industry for a while. But bottom line, WHO KNOWS! That is exactly our situation. We do not know what assets you bring to the equation. We all know hard work (luck) and timing can make all the difference in the world. Certainly the timing for the payday advance/deferred deposit business has never been better. It is a product for which clients are clamoring. But what results you will achieve are beyond our control. See our Disclaimer Page We have certainly heard of locations doing much bigger numbers, particularly in large, metropolitan cities. And of course, a tiny town will do less. We feel that, after the initial "build" period subsides, and your location matures, a leveling off somewhere between 285-335 customers at approximately 425-700 payday loan transactions per month is typical. Annual Percentage Rates
Our research indicates the average payday advance is for a period of 8 days (the next payday for your client). If you were to advance $100 to your client, and the fee in your area is 15%, and you planned to hold your client's check until their next payday in 8 days, you would yield the following APR: $100/.85=$117.65 in fees with an annual return on YOUR MONEY of 805%! Trihouse Enterprises, Inc.
601 East Charleston Blvd. Suite 100 Las Vegas, Nevada USA 89104 702-889-9555 Office CONTACT US |
Trihouse Consulting 601 East Charleston Blvd. #100 Las Vegas, NV. 89104 702.208.6736 Team@PaydayLoanIndustry.com Follow @paydayloanguy |
Payday Loan Industry © Payday Home | Payday Loan Industry | Payday Training Manual | Payday Seminars | Payday Newsletter | Payday Loan History | Payday Profits | Payday Loan Alternatives | USA Payday Legislation | England Payday Legislation | Canada Payday Legislation | Australia Payday Legislation | Payday Training Manual | Payday Loan Machines | ATM Cards | Payday Loan Software | Collections | Gramm-Leach-Bliley Act | Stores for Sale | Earn 30% on Your Money | Disclaimer | Frequently Asked Questions | Our Contact Info | Borrow $500 Now | Vendors & Suppliers | Text Messaging Strategy | Success Stories | Purchase Cash Advance Reports | Payday Loan Internet Report | How to value PDA Business | CSO Credit Services Organization | California Payday Loan License Application & Laws | Michigan Payday Loan License Application & Laws | Payday Manual.com | Payday And Paycheck Loans.com | Payday Loan Industry.com | Payday and Paycheck Loans.com | Payday Loan Industry.com | Payday Compliance.com | Training Manuals.net | Payday Loan Legislation.com | Payday Loan Industry Blog.com | Buy and Sell Scrap Gold | Scrap Gold Biz Startup | |