1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Buying yourself into $$$

Discussion in 'General Business' started by terryuk, Oct 21, 2006.

0
  1. #1
    What do you think of the idea of buying yourself into $$$. Say taking out quite a big loan to buy some quality websites? I'm contemplating taking a loan off a family member, but theres so much crap for sale, and dodgey deals it seems abit risky..
     
    terryuk, Oct 21, 2006 IP
  2. NoobieDoobieDo

    NoobieDoobieDo Peon

    Messages:
    1,456
    Likes Received:
    53
    Best Answers:
    0
    Trophy Points:
    0
    #2
    I wouldn't recommend it.
     
    NoobieDoobieDo, Oct 21, 2006 IP
  3. terryuk

    terryuk Notable Member

    Messages:
    3,962
    Likes Received:
    319
    Best Answers:
    0
    Trophy Points:
    255
    #3
    Why? Seems like a good idea to me, only if i could find a decent and genuine site for sale
     
    terryuk, Oct 21, 2006 IP
  4. ahkip

    ahkip Prominent Member

    Messages:
    9,205
    Likes Received:
    647
    Best Answers:
    0
    Trophy Points:
    310
    #4
    don't loan money from family or friend to invest..they are like you last line of defense.

    when you are broke, they are the only one who will loan you money. so don't borrow from them unless you have to
     
    ahkip, Oct 21, 2006 IP
  5. cormac

    cormac Peon

    Messages:
    3,662
    Likes Received:
    222
    Best Answers:
    0
    Trophy Points:
    0
    #5
    I wouldnt do it as it could be a major risk, you need to 100% confident that the purchased sites can return the investment. I personally dont buy anything unless I have the cash to buy upfront.

    Terry do you have a Credit Union over there? If so I would suggest getting yourself into one if you plan in getting a loan for business.
     
    cormac, Oct 21, 2006 IP
  6. terryuk

    terryuk Notable Member

    Messages:
    3,962
    Likes Received:
    319
    Best Answers:
    0
    Trophy Points:
    255
    #6
    sorry, i dont know what a credit union is :confused:
     
    terryuk, Oct 21, 2006 IP
  7. cormac

    cormac Peon

    Messages:
    3,662
    Likes Received:
    222
    Best Answers:
    0
    Trophy Points:
    0
    #7
    Credit Union is like a bank but is more geared towards getting their customers to save money.

    Lets say you save 20 quid a week into your account and then want to withdraw money to buy a present, they rather see you take a loan than remove money from your account. When it comes to paying back the loan they still want you to save the 20 quid a week so your payback amount is rather low.

    I found the site for leeds credit union so there must be one in your area:

    http://www.leedscitycreditunion.co.uk/

    Unlike a bank you cant just walk into one and open a account, you usually need to be refered by another customer. Ask around and see if you know anyone who is a member, they are 10 times better than a bank.
     
    cormac, Oct 21, 2006 IP
  8. amedno1

    amedno1 Active Member

    Messages:
    427
    Likes Received:
    8
    Best Answers:
    0
    Trophy Points:
    58
    #8
    Money can make people act funny so unless you want to put your relationship with that family member at risk, I wouldn't recommend it, however if you can find someone else to lend you the money it would be better.
     
    amedno1, Oct 21, 2006 IP
  9. cormac

    cormac Peon

    Messages:
    3,662
    Likes Received:
    222
    Best Answers:
    0
    Trophy Points:
    0
    #9
    I dont know why I posted the leeds credit union - there are ones in Birmingham:

    http://www.bbcu.org/
     
    cormac, Oct 21, 2006 IP
  10. NeoAkenz

    NeoAkenz Banned

    Messages:
    158
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    0
    #10
    Doesn't look like a good idea
     
    NeoAkenz, Mar 29, 2007 IP
  11. forumrating

    forumrating Notable Member

    Messages:
    6,565
    Likes Received:
    347
    Best Answers:
    0
    Trophy Points:
    275
    #11
    If your idea is good, you will get sponsors straight, you dont need to put in funds with loans. a good plan and presentation, forcasting to sponsors will make more sense.
     
    forumrating, Mar 29, 2007 IP