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The majority of us are unaware of the multitude of ways an entrepreneur can make money with payday (PDL) and small dollar loans. Often, we're so focused on our own passion, skill and knowledge base that we fail to comprehend other methods of monetizing our expertise and understanding of this dynamic industry. This brief discussion will cover a few of the ways we can develop multiple revenue streams all utilizing the payday/small dollar loan products. If you and your team are uncomfortable or unwilling to actually fund loans, be advised there are a multitude of ways to make a "ton of money" in the small dollar loan industry. (Note, this list is in no particular order.)
* Funding Loans. Of course this is the obvious method most of us employ to maximize our returns. We form a corporation, get a license where appropriate, we open our store, utilize advertising and signage to draw customers and fund the payday loans ourselves. This "brick-n-mortar" model still works very well. And fortunes are still being made with this approach
