Aug. 26, 2011 -
PRLog -- Debt collectors chase so-called ‘delinquent debts’, through snail mail, telephone and email, for businesses. The older the debt, the higher the commission you can collect. And with rates running as high as 60%, the earning potential of this business is clear. Although this may not be the first business opportunity that springs to mind nowadays it as an essential service to businesses and you should ignore any stigma that people may attach to it. Then you need market it in the same way as you would any other business. Debt collection today requires good interpersonal skills and careful organization. The ‘old school’ heavy-handed approach is no longer relevant, as businesses want subtlety, so that they can maintain their business relationships with the companies that owe them money. It could be argued that debt collection is certainly a business for these times. First, it is a prime example of a sustainable business, requiring nothing more than a telephone in the first instance. Second, these are tough times, and as customer debt grows, the demand for non-court action debt collection is increasing. Also, companies are realizing the value of this service more and more, as sufficient cash flow becomes increasingly vital. Many debt agencies operate from a home base, and if you network well, and establish good word of-mouth, you can quickly build up a client base. So if you are self-motivated, enjoy dealing with people and can think quickly on your feet, debt collection could be the right business for you.
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