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  1. #1
    Member
    Join Date
    Mar 2019
    Posts
    82

    Loan - good idea or not?

    Hi, guys, I would like to open my own site, however, I'm busy enough to do it by my own, so I would like to hire a team of developers, and I don't have enough money, so, I would like to ask you if taking a loan is a good idea. If yes, then where from? What loan company to use?

  2. #2
    Senior Member
    Join Date
    Jun 2019
    Posts
    111
    Too many requirements and too few resources. How can we suggest a company if we don't know where are you living? In each city, there are dozens of companies that are ready to finance your dream. Look online for reviews and you'll find the best in the area
    If you're just curious about my story, or you just want to grab my résumé, you're in the right spot.

  3. #3
    Member
    Join Date
    Mar 2019
    Posts
    82
    Well yeah, there are a few companies but I'm asking if it's worth it using loaned money to build a web site. I'm from Europe

  4. #4
    Senior Member
    Join Date
    Jun 2019
    Posts
    111
    It depends on what type of site do you want and if it will be used in business or not. If it will bring you money (clients) then it's a good idea to loan, otherwise, you should do it only if can afford to pay it back - if your salary allows you. The best use of the loaned money is to invest them at low risk and a site can be a great investment if only used in sales. Regarding where to borrow the money from, search online, the first Google results should be local companies or you could find more on this site.
    If you're just curious about my story, or you just want to grab my résumé, you're in the right spot.

  5. #5
    Member
    Join Date
    Apr 2020
    Posts
    33
    I wouldn't advise you to take a loan to open your site. In order for the site to start making money, you'll need to invest not small amounts of money in it. If this is a business site , you'll have to contact a CEO company to promote your site, and their services are not cheap. If this isn't a business site, but a regular information forum, then you'll have to wait a very long time for the site to start bringing you at least $ 1000 a month. This I haven't yet taken into account the monthly fee for hosting service and the annual fee for renting a domain. At best, you'll close your website and work at an unloved job to pay off your loan, and at worst, one day you'll get a call from the debt collectors who will transform your life in hell. On the official website https://frontline-collections.com you can read how collectors deal with people who haven't paid off their loans. It is better to gather your team of like-minded people and create a website together after spending common efforts, or save money and try to open a small business on the internet first to understand how this business works.
    Last edited by Uranusman; 05-21-2020 at 05:39 AM.

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