Also consider Reddiquette The latter isn't mandatory but might be used in considering the intent of your post.ĩ) Unsolicited Opinion and Thoughts Please do not use this community as your personal blog, this is not a personal diary where you share your day dreams, thoughts, and opine on subjective concepts. Any "free" thread deemed to be self-promotional will be removed.Ĩ) Follow the Rules of Reddit - They apply everywhere on Reddit. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.Ħ) Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.ħ) No free offerings threads - The Thursday sticky is specifically for free offerings. Posts must not be for the primary purpose of promoting yourself.ĥ) No “How To Get Rich Quick” posts - This community is not about making a quick buck. Your post must contain enough content to have a discussion.ģ) Ten comment karma in /r/Entrepreneur required to post - we ask you interact with the community before you lead the discussionĤ) No Self Promotion - No selling, unsolicated offers outside the Tuesday/Thursday threads. He is the main force behind and sjo.com and previously did an AMA here.ġ) No Personal Attacks - criticism of ideas is allowed, attacking people is notĢ) Self Posts Only - links can only provide supplementary material. Sol Orwell - Sold several websites and was a nomad for a while. If approved we will schedule you on the sidebar, so please also provide a Title and 140 character teaser. And by selling these high-quality leads to local businesses, you make up to $52,000 in passive income monthly.Body: Date(M-F only), your background/experience, some form of validation (LinkedIn, Website, IG, etc). This will push local leads to contact you. All you need is to build local microsites and rank them high on search engine results. Plus, it doesn’t require you to do stringent credit history checking and debtor screening. You don’t need to be legally and financially proficient to succeed with this business model. While being a business loan broker gives you big commissions, local lead generation offers a simpler, more stable, and more profitable way to make money online in 2024. These values declined from a higher rate back in 2019. Only 23% apply for loans from alternative online lenders. In fact, in the Federal Reserve Banks' 2021 Small Business Credit Survey, 43% of small business owners still borrow money from large banks and 36% from small banks. It can offer a positive cash flow without using your own money. The alternative lending business model can make you sizable monthly revenue. And forwarding these leads to local business owners can make you 5 to 6 figures in passive income with this online business model. By creating local service sites that are organically ranked high on Google, you drive a sizable volume of leads. You don’t need to search for interested individuals to make significant monthly income because your target audience is ready to buy. Unlike the lending business industry, local lead generation is easy to set up and scale. However, this industry entails a meticulous startup process, financial proficiency, and in-depth knowledge of local laws and regulations. But because banks are getting stricter with the loan application process, many business owners are switching to alternative financing options like peer-to-peer lending and crowdfunding. This means that the industry will continue to grow as most small businesses recover from the COVID-19 pandemic. It focuses on the core components of a lending business, such as loan application, credit history checking, business funding, alternative lending options, and projected interest rates.Īccording to the Forbes Advisor April 2024 Survey, 42.4% of business loan applications in the U.S. This comprehensive business training system aims to help you scale your monthly revenue to 6-7 figures while working part-time or full-time. Business Lending Blueprint is a 6-module online course by Oz (Oguz) Konar that teaches entrepreneurs and business loan brokers effective ways to start and grow their lending businesses.
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