[colley614]

Hi Guys,

Just wondered if you guys would consider getting a secured personal loan to buy work to start you off? The way I'm looking at this is there is some work for sale locally and if I borrowed that amount plus a little extra I could buy the work then take advantage of a deal a local printing firm and get 20000 leaflets delivered and printed. I'm thinking that 20k of leaflets would get x amount of work which would pay the repayments on the loan so the work I bought would still be paying me. Even if I had to use the work to pay the loan repayments I would still have a wage at the end of the month from the work?

[scud]

  Secured against your home?

  In my mind you would be crazy for what is essentially good will.

[steve rix]

NO

[Window Washers]

if it was viable, I would

[colley614]

Ok what about getting a loan to get customers in a different way?

[scud]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

[Window Washers]

Ok what about getting a loan to get customers in a different way?

again if it was viable then yes

[colley614]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

Thats why I'm saying about the extra bit of money for the leaflets. If I borrowed a little extra I would be using the banks money to get work through advertising to repay them and the work I bought would be mine. The time I would spend doorknocking I could spend earning and repay them with a bit of the return I was getting.

[NJWindowCleaning]

No wouldn't get loan or even buy work as I tender my own work at my prices and not priced at someone else's prices which can be low price..

[colley614]

No wouldn't get loan or even buy work as I tender my own work at my prices and not priced at someone else's prices which can be low price..

I was thinking of asking the guy if I could work the round with him first, see the money and only then would I consider going to the bank.

[steve rix]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

Thats why I'm saying about the extra bit of money for the leaflets. If I borrowed a little extra I would be using the banks money to get work through advertising to repay them and the work I bought would be mine. The time I would spend doorknocking I could spend earning and repay them with a bit of the return I was getting.

And you would have a little bit extra to pay back each month. Trust me the banks will SCREW you without you helping them. Design and print your own leaflets on your computer and deliver them yous self. You will be amazed what a well worded leaflet will pull in.

[g.brookes]

i did that, and it was the best thing i ever did.  fortune favour the brave et al.  i think as long as you make sure this is a genuine sale i.e not being sold to multiple parties at the same time then there should be no problems.  youve gotta be a real dunce to lose more then a handful of customers when you do the take over.  the work i bought would have taken about 10 years to build up myself so was well worth it.  
if the work youre buying is something you dont think you could easily get yourself, or replicate in another area then i would suggest you strongly consider it.  perhaps keep a part time job to start with until the cash flow gets sorted.  most people that sya dont do it are the ones who already have a round they are happy with.  getting started is a whole different story and i think you either take risks, or watch it build in drips and draps (the exception being if you are an excellent canvasser that goes out for months and months)

[Window Washers]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

Thats why I'm saying about the extra bit of money for the leaflets. If I borrowed a little extra I would be using the banks money to get work through advertising to repay them and the work I bought would be mine. The time I would spend doorknocking I could spend earning and repay them with a bit of the return I was getting.

And you would have a little bit extra to pay back each month. Trust me the banks will SCREW you without you helping them. Design and print your own leaflets on your computer and deliver them yous self. You will be amazed what a well worded leaflet will pull in.

thats not a fast fix though Steve, we all no leaflets bring in work but not in large numbers at a time, it is a good trickle of work though and can last years

[g.brookes]

and for the record, banks dont 'screw' you, everything they do is in your terms and conditions which you agre to when you take out their banking product so as long as you stick to them there you wont have any problems with the loan

[G Griffin]

if it was viable, I would

I agree but it depends on many, many things.

[Window Washers]

if it was viable, I would

I agree but it depends on many, many things.

true, but I would without doubt get a loan for this if needed, I am at the moment looking to buy out other window cleaners, just none being sold at the moment where I need them if one came along and I needed finance thats a route I would look down.

G Brookes makes a very valid post above in many ways

[steve rix]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

Thats why I'm saying about the extra bit of money for the leaflets. If I borrowed a little extra I would be using the banks money to get work through advertising to repay them and the work I bought would be mine. The time I would spend doorknocking I could spend earning and repay them with a bit of the return I was getting.

And you would have a little bit extra to pay back each month. Trust me the banks will SCREW you without you helping them. Design and print your own leaflets on your computer and deliver them yous self. You will be amazed what a well worded leaflet will pull in.

thats not a fast fix though Steve, we all no leaflets bring in work but not in large numbers at a time, it is a good trickle of work though and can last years

Not so sure, I started in April 2007, In my first year I turned over £28554.00. We now turnover in excess of £100K and I have NEVER canvassed (Haven't got the bottle!!!)

[Window Washers]

  Go and knock doors, that costs you nothing but your time, 100% return on each successful knock rather than % to bank every clean for however many years.

Thats why I'm saying about the extra bit of money for the leaflets. If I borrowed a little extra I would be using the banks money to get work through advertising to repay them and the work I bought would be mine. The time I would spend doorknocking I could spend earning and repay them with a bit of the return I was getting.

And you would have a little bit extra to pay back each month. Trust me the banks will SCREW you without you helping them. Design and print your own leaflets on your computer and deliver them yous self. You will be amazed what a well worded leaflet will pull in.

thats not a fast fix though Steve, we all no leaflets bring in work but not in large numbers at a time, it is a good trickle of work though and can last years

Not so sure, I started in April 2007, In my first year I turned over £28554.00. We now turnover in excess of £100K and I have NEVER canvassed (Haven't got the bottle!!!)

you got that all from leaflets ?

[tacky]

yes .

[colley614]

i did that, and it was the best thing i ever did.  fortune favour the brave et al.  i think as long as you make sure this is a genuine sale i.e not being sold to multiple parties at the same time then there should be no problems.  youve gotta be a real dunce to lose more then a handful of customers when you do the take over.  the work i bought would have taken about 10 years to build up myself so was well worth it.  
if the work youre buying is something you dont think you could easily get yourself, or replicate in another area then i would suggest you strongly consider it.  perhaps keep a part time job to start with until the cash flow gets sorted.  most people that sya dont do it are the ones who already have a round they are happy with.  getting started is a whole different story and i think you either take risks, or watch it build in drips and draps (the exception being if you are an excellent canvasser that goes out for months and months)

If you asked me to go out canvassing tomorrow I would be more than happy but ask me to go out for months and months on end and live of the cash and my head would go down. This area is one of the most affluent in the country. It is full of premiership football players and successfull entrepeneurs. I think I heard that 250 millionaires live on one road in the area and this round has taken 20 years to build. I've canvassed this area and it's all electric gates and long driveways. I would absolutely take on a part time job to fund the repayments just to get me going. If I was to start up tomorrow the business would have to stand on its own two feet straight away and if my pump broke down I wouldn't be able to get a new one unless I had the money from the round to pay for it.