Action in Any Vertical

Published: Thu, 10/24/13

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http://paydayloanindustryblog.com/?p=2141


You think confidence comes from believing in yourself and accomplishing things.

But really, confidence results from having close personal relationships
with people who believe in you.

So, if you focus on surrounding yourself with these people who believe
in you, you'll have the confidence to take action.

(Ripped off from Dane Maxwell while being interviewed by Jamie Tardy.) Google them!


92% of the "entrepreneurs" I talk to read, study, Google, waste vendors
time and ultimately do nothing. "No guts, no fame."

Get a job or "man-up." Lady-up if it's appropriate. It takes huevos
to survive in the loan shark industry. Yes, my friends, peers and
clients cringe when I use that terminology (take that Scott C. :o) But,
they don't pay my bills or my property taxes here in Calif.

The OLA conference looked like a morgue. Everyone left standing looked
as if they had survived the battle of the bulge.

Put this temporary blip behind you! Now that we can serve consumers
lacking traditional bank accounts, we have an army of 60M - 70M borrowers
waiting for some smart Team to figure out how to deliver the $$ to them.

So, wake up, stand-up, find the right collaborators and get back in
this small dollar loan game!

Lead prices have crashed, demand for them has tanked, more lead gens
and aggregators are launching; crazy but true.

Big data guys are cutting your underwriting costs.

ACH providers have jumped over board like rats but new ODFI's are already here to fill the void.

The tribe model will persevere. It will require patience and persistence
but the tribes will prevail; zero doubt!

And, if you were one of the operators employing the state licensing
model due to fear, lack of guts, or shrewdness, YOU WON so far.

Yes, the over used word "pivot" has occurred in the PDL space. But,
let's NEVER forget, borrowers by the tens of millions are frantically
searching via their smart phones, tablets, iPhones, Androids...for
a LENDER TO HELP THEM.

Is that lender you? Or, are you a quitter?

Again: Disruption = opportunity. One word to describe the current state
of our industry? DISRUPTION.

So, what you gonna do? I know what I'm doing? I'm buying paper at 8
cents on the dollar.

Finally, our VERY BEST WISHES TO A WONDERFUL FRIEND in the PDL space:
Jerry (Jerome) Greenberg. We made a lot of $$ together. Hope he gets
back in the game!! Best wishes to his family as well!!

Jer at Jer@TrihouseConsulting.com TALK TO ME! Good - Bad- Indifferent!