Pay day loan website

Discussion in 'General Business Forum' started by designhull, Jul 7, 2011.

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  1. designhull

    designhull UKBF Newcomer

    33 6
    I was wondering if anyone knew if there was a good website to sell a website.

    I recently started a pay day loan website .. link removed by Mod ..

    I need some immediate funds for a family holiday so would like to sell the website. The website comes with the account to the affiliate/lead network, and there is already £309.00 inside the account. I have had over 138 loan applications on the website since I promoted it only a few days ago, this has made £309.00

    So as you can see, i have a profitable little website that needs a new home. I'm not high balling, I just need to find £800 towards my holiday expenses.

    £309 is already included on the lead network account, so the buyer would already have some money coming in straight away, look at it is as small ROI before you even get started making the big money!

    If anyone could guide me in the right direction to sell it I would appreciate it.

    Thanks

    Skype: flipping.quick
     
    Last edited: Jul 7, 2011
    Posted: Jul 7, 2011 By: designhull Member since: Oct 11, 2010
    #1
  2. JohnnyCash

    JohnnyCash Contributor

    1,426 480
    The domain and website are worthless on their own... the "earned" commissions are not worth anything either until they actually come back as approved and paid out.

    Your site isn't worth £800. Hold onto it.
     
    Posted: Jul 7, 2011 By: JohnnyCash Member since: Dec 8, 2010
    #2
  3. Remote Resources

    Remote Resources Contributor

    322 106
    Alternatively you could apply for a pay day loan through one of your affiliate links for £800. You could then pay it back out of your mahoosive predicted future profits.
     
    Posted: Jul 7, 2011 By: Remote Resources Member since: Oct 5, 2010
    #3
  4. designhull

    designhull UKBF Newcomer

    33 6
    I'm experienced in direct marketing, and also development, it's my trade.

    I have sold many websites, and brokered many, between clients. I just made this thread to see if anyone knew of any decent places to sell websites other than Flippa and DP.

    I don't normally use these forums, so I had seen it as an opportunity to meet you guys also.

    regards
     
    Posted: Jul 7, 2011 By: designhull Member since: Oct 11, 2010
    #4
  5. designhull

    designhull UKBF Newcomer

    33 6
    I don't take on debt :) - Good idea though!
     
    Posted: Jul 7, 2011 By: designhull Member since: Oct 11, 2010
    #5
  6. paydayadvisor

    paydayadvisor UKBF Newcomer

    61 4
    do you have a consumer credit licence and a data protection number?

    It's not displayed on your site
     
    Posted: Jul 7, 2011 By: paydayadvisor Member since: Jun 29, 2011
    #6
  7. paydayadvisor

    paydayadvisor UKBF Newcomer

    61 4
    And also, are you part of 247payday.co.uk?
     
    Posted: Jul 7, 2011 By: paydayadvisor Member since: Jun 29, 2011
    #7
  8. MASSEY

    MASSEY Contributor

    10,314 1,782
    Where did the leads come from, im presuming it is not the search engines...
     
    Posted: Jul 7, 2011 By: MASSEY Member since: Nov 29, 2009
    #8
  9. JohnnyCash

    JohnnyCash Contributor

    1,426 480
    He doesn't need one as an affiliate, not storing or processing any data.
     
    Posted: Jul 7, 2011 By: JohnnyCash Member since: Dec 8, 2010
    #9
  10. paydayadvisor

    paydayadvisor UKBF Newcomer

    61 4
    as he is asking the customer to enter bank details he should have a licence as a loan broker
     
    Posted: Jul 7, 2011 By: paydayadvisor Member since: Jun 29, 2011
    #10
  11. Guest

    0 0
    To be honest I'm a little unclear what someone would be paying for

    The domain is not special
    The functionality is pretty standard
    design OK written
    And it doesn't conform with various legislation regarding Business Names, Consumer Credit Act and, arguably, Data Protection Act

    I might be missing something here?
     
    Posted: Jul 7, 2011 By: Member since: Jan 1, 1970
    #11
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  12. MASSEY

    MASSEY Contributor

    10,314 1,782
    I fail to see if the info is being passed straight away to someone with a consumer credit act etc why any owner of an affilliate site would need one. The info is not stored and no payments are taken.

    What business name legislation are you suggesting it does not conform with?

    The site is worthless though, if he reckons it is worth 800 quid then this small payday loan site i spent about 4 hours on which is on page 3 for small payday loans is worth 10 grand :D
     
    Last edited: Jul 7, 2011
    Posted: Jul 7, 2011 By: MASSEY Member since: Nov 29, 2009
    #12
  13. Guest

    0 0
    The Consumer Credit Act covers the marketing, provision and collection of loans consumer credit - this is clearly marketing.

    the Business Names Act stipulates information which must be shown on all stationery, including websites.The information includes for Ltd cos the address, registered number, and full company name; for partnerships individual partner names and an address on which documents can be served.
     
    Posted: Jul 7, 2011 By: Member since: Jan 1, 1970
    #13
  14. paydayadvisor

    paydayadvisor UKBF Newcomer

    61 4
    Probably not considering the apply now links didnt work for me ;)

    A couple of lenders I work with were strict with the details I was able to take on my site. They insisted I was not to take bank details on the site or they would not issue me an affiliate agreement without a CCL.

    Incidentally, as soon as I can afford it I will be getting one as the laws on payday lending (and brokering) are likely to change in the next few months
     
    Posted: Jul 7, 2011 By: paydayadvisor Member since: Jun 29, 2011
    #14
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  15. SparkMediaIndustries

    SparkMediaIndustries Contributor

    424 47
    Pay 800.00 for a website and gain 300 back whats people going on about, websites can be developed and improved.

    Just a shame filling the form out don't give you the money there and then :(
     
    Posted: Jul 7, 2011 By: SparkMediaIndustries Member since: May 11, 2011
    #15
  16. MASSEY

    MASSEY Contributor

    10,314 1,782
    Maybe this is a grey area.

    You can call yourself anything can't you, you dont have to be an incorporated business. The domain is just descriptive it could read anything. The site should have contact info and display what ever it is the op is calling himself but he is just a designer and the site is just a shell really.

    Moving back on topic the summary is the op is trying to flog a dead horse and ought to look for his money elsewhere :)
     
    Posted: Jul 7, 2011 By: MASSEY Member since: Nov 29, 2009
    #16
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