An idea for a service…please give me your feedback..
Ok, I have an issue. I have been speaking to many people in the passed week and approximately 50% of people who call me are “start-ups” looking for funding and that is fine, but I have one problem. Many of them call me and ask me what to do and I tell them to follow my blog and they will build credit but most of them do not believe it. Then a few people asked me if I can build business credit for them for FREE and I would have done it before but too many people need the help now so I cannot afford to expend that much time as all the information is on my blog. The sad thing about this situation is that I started my blog so that people can have this information for free and build business credit for free but i guess many people don’t have the time.
I am considering tailoring a service for people who do not want to pay the upfront costs and who do not believe that building business credit works(which makes no sense to me but ok). I am considering building business credit for $25 per month plus 2.5% of every revolving account that is approved for your company in your business name. Please give me an idea if this is something that will interest you guys and if there are any services I should offer.
Thank you for reading and I look forward to your feedback.
February 25th, 2008 at 6:19 pm
Hi “mike”! First of all, KUDO’S to your blog.
Here’s my opinion and it’s just that, an opinion.
I can understand your wanting to help people.
Over the years I have seen the business credit
ads and industry grow by leaps and bounds. People are being charged anywhere from $5000 and upwards. I’m one of those who can’t afford those services, never mind that there’s no guarantee. And I would love for you to provide
your service for no upfront fee to me.
BUT…here’s why you shouldn’t. If a person can’t afford to pay the small fee that you charge upfront, then how are they going to be able to pay fees to set up a corporation and whatever other expenses there are to properly start a business?
You might be able to make money from these people, but it doesn’t seem like good business sense.
Hope this helps!
February 25th, 2008 at 6:24 pm
thanks for the complement
you made a good point…
the only reason I was thinking about offering this is because I know when I was a rookie in the Biz Cred game, many people wanted to charge me all this money and I did not want to risk it, but I figured if I lower the risk, some clients will try it out but then again, I will not know if these are broke clients..lol..so you have a point