Recent content by PM Unchained

  1. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    Spoken like a true politician right? The journey was never destined to be straightforward, but then again, no business venture truly is. I am committed to giving this my all, and whether it thrives or falters, only time will tell. I've gained invaluable insights in this forum and will keep an...
  2. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    I have not approached advertisers yet, that task is still in the pipeline, for now I just want to finish this trial and analyse the data. Ad revenue from someone borrowing 500 over 3 months will be equivalent to and interest rate of 3.5%. Compared to other small loan lenders who charge an...
  3. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    I agree, As long as I can get the green light from the FCA that will kick start all the other projects I have planned.
  4. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    The revenue will always be key, and I have come across this question a few times. I have put in place a 4-tier safety net to make sure people don't just cut and run. The actual practice of Lending and repayment is nothing new and is being successfully practices by many Lending companies. I am...
  5. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    I agree, FCA will be my next big challenge and I am learning everyday. And yes, I already have the wireframe and a software developing company in place to get the MVP done. However, I have a few more things to complete before I develop the Source code.
  6. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    If one of your five options is gardening you will see gardening products, and there are many, 15% of the time. Overall, your top 5 choices will be played at around 70% of the time and I will have to fill the other 30% with random Ads. My platform will not just allow the "Big Boys" of the...
  7. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    No platform out there allows you to customise what ads you would like to see. They might use expensive and highly complex algorithm to GUESS what you like but no platform actually asks the users what they prefer to see. And no, Twitter did not have an Ads tab in the settings menu that allows for...
  8. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    Getting customers will not be an issue since it’s a Lending company and everybody will always need loans. The Trickiest part will be to make people aware such a service exists. Once the word is out, people will use this product by initially being enticed by the idea of not paying any interest...
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    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    That is a very interesting point you raised, and the answer is yes. One of the USP’s is that the user has the ability to customise the Ad genres they like the most. For example, when signing up the user can select the top 5 ad genres they like to see more of. This can be continuously modified as...
  10. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    Well, that kind of issue is more of a philosophical one if you ask me, everyone has free will. Free will to watch and free will to not watch. I understand that people can get up and do other things, and they will get up and do other things. But do they get up and do other things every single...
  11. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    Haha,fortunately it's not that simple. As mentioned all this activity will be done through an app, which means your personal detail, password management, Bank details and most importantly Loan requests will be carried out on the same platform. If you are trying to figure out ways to cheat the...
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    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    Correct no one will record codes in their day to day life, without being out off by it. Imagine a YouTube short for ads, and you either like, dislike, etc. The ad and the next ad will play automatically. Ad's can not be skipped and must be rated for the next ad to play. This is a complete...
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    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    The record of the code was just for the trial since I have no other way of tracking if the ads were watched. In the actual product all you do is watch the Ad and Rate it. The rating will trigger the next ad to be played
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    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    The main loan will be repaid as normal, the ad watching will cover the interest, which would be the businesses main stream of revenue. Excluding the data I can sell to Advertises from the likes and dislikes of the users.
  15. P

    In the final stages of my Start-up R&D and need some volunteers to try out my idea.

    The No. of Ads a day will be constant. Around 25, which translates to 12.5min a day. However, I am still working on that No. The key factor is the length of the term.
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