When will I be able to meet up with you jazz for the loan?
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JokerBoss99 BuilderBuilder ⛰️ Ex-Mayor ⚒️⚒️
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I also would consider this when you make the effort to rank up. I also would be much more trusting if you were a donator showing that you have invested in the server.
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leo_valdes BuilderBuilder ⛰️ Ex-President ⚒️⚒️
What is Your In Game Name? leo_valdes
Your Ranks: builder
Where you want your ATM or Money Sign to be located: at x 1756 y 63 z 13936
How much money will be put in per click? 500
What is 12+19= 31 -
If that is not it, then you shouldn't have used the word "invested". -
Here's why: There are people who don't trust me to give out loans but there are few people that do. But nobody that has lots of money trusts me to keep their money safe and pay them interest. So I have no big money to loan out. Except for Emau, who planned to, but then he canceled it. He already spent his 300k. So he didn't deposit it, and I can't loan that 300k to you.
I am abandoning my business.
I will probably return to it when I am mayor rank or higher because most people here don't trust players below mayor rank. -
I feel bad for all of you who wanted a loan. You can blame me or the people who don't trust me and are not willing to deposit. You can blame me because I should have ranked up to Mayor before I started this business so that depositors will trust me. Or you can blame the depositors because they judged me and assumed I was not trustworthy and won't deposit money. So that I didn't have money to loan out.
Sorry people. -
leo_valdes BuilderBuilder ⛰️ Ex-President ⚒️⚒️
what about me
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block_crusher Prestige 6, Ex-Ecolegend, $ EcoLeader $Resident ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ VI ⭐ Premium Upgrade
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Dude this is the worst Idea I have ever heard. Honestly I would never deposit more than 5k because there is just too much risk of losing the money. I have never seen you ingame and your only a resident. Not only that but you have no donations, how can anyone trust 100's of thousands of Ecd on that? Also I believe 1% interest to not be worth the time spent organising the account. Even if you invested 1 Million Ecd you would only gain 10k per week. That is 1 hour of pumpkin farming. And I am sure that with the money you could gain a lot more over a weeks time.
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block_crusher Prestige 6, Ex-Ecolegend, $ EcoLeader $Resident ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ VI ⭐ Premium Upgrade
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StellarisIgnis aka HCPillarofFirePresident ⛰️⛰️ Ex-President ⚒️⚒️ Premium Upgrade
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Since the op doesn't want it locked I will leave open, please remember to not necro threads block_crusher this is the second one in which you have done so.
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Savings Account Application:
What is Your In Game Name? Dude6688
Your Ranks: Mayor, [$$$], and [TheMoztAWESOMEpersonintheworld]
Where you want your ATM or Money Sign to be located: At spawn, if u can't somewhere i cant go to without a tp. (I have a problem with lotto)(I have tp)
How much money will be put in per click? 100
What is 12+19= Uhhhhhhh I am gonna go with 3 -
liamfrench =)Builder ⛰️ Ex-EcoMaster ⚜️⚜️⚜️⚜️ Premium Upgrade
Here's an example of mine where I've had quite a few applicants:
http://www.ecocitycraft.com/forum/threads/the-valleyfarm-nation-premium-loans.90483/ -
bobman3355 MayorBuilder ⛰️ Ex-Mayor ⚒️⚒️ Prestige ⭐ III ⭐ Premium Upgrade
This seems like a good idea but could go bad fast. if u loan out money and get loan scammed and then run out of money and can't play people there money when they want to withdraw it. also you are a resident with no donations so personally i might not trust you as much as if u had donations and were mayor+ good luck with the bank though!
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I personally think that your business would grow if you started playing the item market for income as apposed to income from loan interest off unreliable people.
People that take out loans are either 1) too lazy to farm the money themselves from a pumpkin farm or 2) need to take out a HUGE loan to pay off something in a hurry. Both of which are completely unreliable types of people. Loans are too risky for a start up bank company. Invest peoples money in the item market. It fluctuates all the time, giving you ample opportunities to grow your business.
The money you get from your investors should go into buying items for cheap and selling them at a higher price in a spawn marketplace. That's how I make my money for sure. I buy and sell constantly, and I make a ton of money off that....its just you gotta have money to make money. Your investors need to know what you do with your money, and loans are not a good way to reel in investors. Make it clear to them that you are using their money to buy cheap items and sell for a profit. The money you make off trading items
nStars are the perfect item to start with. I have a few people that sell me nstars for slightly more then what they are asking for on the market, and in return I sell them for 15-20 more then what I buy them for. It may seem small, but in bulk, its almost too easy to make money. Just yesterday I made 7k off trading nstars.
I think your spot on with starting up a banking company, there is a market for this out there, you just gotta work on how your selling to people first. -
Hello Everybody please stop posting on this thread.
If there was no flaw in this business idea why would I abandon this business?
I said many times before I am discontinuing.
Thank You for the feedback.
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