The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

INTRO New here. Any advice on startups???

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Competing against big banks possible?


  • Total voters
    3

Aflat9

PARKED
Feb 16, 2017
1
0
3
30
Sheffield
Hey!

I thought I would reach out to gain some advice really. I've been tasked to help a purely online business in the HYPER competitive market of mortgages.

Trying to compete with the big wigs is nigh on impossible organically, their domain authority is way to high and this is a new business with very limited resources or money!

The task is to make people get a quote (kind of). I was thinking of using the quotation platform and turning it into a widget to try and use on other people's sites to get referral traffic. (The quotation platform is the yellow box on Find the Best Mortgage Advisors | My Big Move )

Has anyone else had any experience of this? Is it worth doing? Or is there any other way other than trying to spend years outranking the big banks?

Thanks
 

Don't like ads? Remove them while supporting the forum. Subscribe.

PeteA

New Contributor
Feb 15, 2017
4
9
14
47
Miami, FL
Hey!

I thought I would reach out to gain some advice really. I've been tasked to help a purely online business in the HYPER competitive market of mortgages.

Trying to compete with the big wigs is nigh on impossible organically, their domain authority is way to high and this is a new business with very limited resources or money!

The task is to make people get a quote (kind of). I was thinking of using the quotation platform and turning it into a widget to try and use on other people's sites to get referral traffic. (The quotation platform is the yellow box on Find the Best Mortgage Advisors | My Big Move )

Has anyone else had any experience of this? Is it worth doing? Or is there any other way other than trying to spend years outranking the big banks?

Thanks
My personal advice and you have already gotten halfway through it, is research the need for your service. In the mortgage world, although challenging to create something new, your idea definitely needs to be able to solve a problem. Other things to consider as a start up is who is your market? make sure you are able to answer many questions before you dive head first into something that may render no income.... Other things to look consider in your venture are the legal aspects as far as licensing and such from your state and local government. Mortgage processes are heavily regulated and you want to make sure you are well within the law to do what you want to do. Also, talking to someone you may know close that is in the mortgage industry may be able to guide you and make sure that there is a need for what you want to do. Although, you may think there is a need, the question still remains by and large, is there REALLY a need? Don't know if that answers your question, but good luck.

In the other part of getting traffic organically, you should really invest time into SMM (social media marketing) you don't have to spend money, but you definitely have to spend some time creating content and getting on all the major social media sites. Make sure your site is content rich and check your tags and make sure you do a keyword search to know the best keywords to use. Another options, which will take a lot of your time, NETWORKING!!!! It gets a little more complicated from here with the online stuff, but if you have any other specific questions, I am happy to help.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
What’s the minimum amount of skills and knowledge needed to start the course ? This is...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Ah, I should've checked here to find out that it was free! Although, Amazon only charged $2 for...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Pick the one you need most. Some just buy them all. :D Loving your email sequence.
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I joined @Kak's business incubator in the first week of May. During our daily chats we uncovered...


Visit A Forum Sponsor
sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock