Entries Tagged as ‘Bad business’

September 27, 2008

Even though

This Depression 2.0 is doing every bit of good for the note industry as it is bad for the rest of the economy, I’m getting peeved.
A lot of our clients own notes as a symptom of what happened during the housing boom- corruption. Now these same people, the smart ones anyhow, are selling that note. [...]

September 10, 2008

The Differentiation Curve

In any business, uniqueness is what sells- so why are so many new brokers copying the Jones’s? It seems every new trick played by infamous seminar gurus is the newest “innovative” method used by those trying to be true brokers. Info-pupils don’t know better; you do.
The more you look like the competition, especially the ones [...]

May 3, 2008

Sound familiar?

I have a personal project going that I’m excited about. So I planned the whole thing out and purchased my materials from online and Staples. I downloaded some fonts that match the theme I’m going for and am all around excited to see my results.
Part of the project involves balloons. The prices of mylar balloons are [...]

April 27, 2008

Straw man marketing

ABC Funding & Cash Out Investors* both broker and buy notes. They have access to roughly 50 different investors, but usually work with about 2 on a consistent basis. They have websites, do free consultation, and direct mail.
Sally Homemaker* heard about selling notes from a [neighbor]. She decides to hop on that computer doo-hickey and do a search with the [...]

April 27, 2008

New Claim: #3 Licensed Broker in the Country

Went website browsing today and stumbled across a broker who had these credentials on the left side of their site.

These are membership logos to mortgage broker associations. Whats the problem?
We are note brokers!
So while it seems as though this particular company seems all-the-more legit by boasting credentials, what they are really doing is tricking their customers. They [...]