Cake Maker David Glass Seeking Loans From Customers
If a local business you patronized and “loved” needed a cash infusion, would you lend it $2000 a year for $120 in free product? (Keep in mind that’s a 6% return in name at least when your local bank may give you, what, 3% at most right now?)
I would really love to meet this guy. He’s a local businessman with a 7500 customer email list!
It all depends if he can stay in business and capitalize on the funds of course, but this fellow must at least be a sharp marketer if he has that many email addresses of customers!
My wife – the practical one – said: “It all depended whether you really wanted or needed the product he had!”
At my weight I don’t need 10 extra cakes, but it might get him lots of capital to invest!
He wants to pay off an existing credit line and build some equity.
Will it work? Leave your comment, then check out this article.
Nicole - workathomecompanies.net on September 15th, 2008 at 6:47 am
That’s a superb idea, if the product is good and if there are customers coming back (repeat business is the key, believe me !), then yes, I would lend this sum of money !