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badcredithomeloans.com.au

Ross

Top Contributor
The problem with that industry is the leads are very hard to close. i've generated over 30 leads with BadCreditMortgage.com.au and none of them have closed. This means i haven't generated any money even though the site was up over a year.

I also own bad-credit-loan.com.au . I know that's worth at least $500 because someone made me an offer on it already.
 

dotworx

Regular Member
If leads are hard to close, wouldn't it make more money by showing adsense? or just sell it to one of those mortgage brokers. ;)
 

Ross

Top Contributor
too hard to get traffic as it's a very competative term. So you're not going to get much with adsense. Btw, it was the mortgage broker who was trying to close the leads... not me... i have nothing to do with loans/mortgages. In fact, after having no results after 20 leads i sent the leads to another mortgage broker ... and have the same result...nothing.

The good thing is that i don't have to do anything... the leads go to the broker automatically... and eventually they'll close a deal and i'll get a few hundred bucks.
 

Ross

Top Contributor
they give me reports on what's happening with the leads.

But more than anything... it's an issue of trust. I don't think there is a reason for them to try to cheat me... because then i will give the leads to someone else.

i was a little bit suspicious that the 1st broker couldn't convert 20 leads. But when i gave it to the 2nd broker... it was the same thing.

Also, i run my own business (government grant related) and most of the leads i get don't turn into anything. Hence i don't think there is anything dodgy going on.
 

paz

Member
too hard to get traffic as it's a very competative term.

This is what makes the domain vaulable to anyone who wants to invest in lots of SEO. They will have a nice headstart with a keyword rich domain.
 

Billy01

Top Contributor
Thanks Folks

The reason the leads won't close at the moment is such a limit on products and lending restrictions being so tight. I know as I settled over $10,000,000 of mortgages with it in the good times. Now I've left the industry I need to get rid of it but I need to factor in the good times returning. Thanks for your help.
 

DavidL

Top Contributor
they give me reports on what's happening with the leads.

But more than anything... it's an issue of trust. I don't think there is a reason for them to try to cheat me... because then i will give the leads to someone else.

i was a little bit suspicious that the 1st broker couldn't convert 20 leads. But when i gave it to the 2nd broker... it was the same thing.

Also, i run my own business (government grant related) and most of the leads i get don't turn into anything. Hence i don't think there is anything dodgy going on.

I think you're right Ross, they would be harder than ever to close. With the credit crunch the first type of finance to dry up was the bad credit. We've experienced the same with car finance - some people no matter how desperate they are just can not get an approval whereas a year ago it wouldn't have been a problem.
 

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