If you are looking for ways to diversify, and make some extra income for your business getting into the mis-sold products market could be a great idea. It is far easier to get started than you may think. Read on, and you will see what we mean.
Plenty of potential
Most people are aware of the fact that millions of UK consumers were mis-sold Payment Protection Insurance (PPI) between the late 80s and the early 2000s. However, few people really understand the scale of the problem.
In 2008, there were 20 million active PPI policies out there, with around 7 million new ones being set up each year. Not to mention the fact that millions of other policies had already reached maturity, some estimate that 40 million people bought this insurance. Of those, around 40% had been sold a policy that was not suitable for them. In other words, around 16 million people had been mis-sold their PPI.
To date, over £20bn has been successful claimed back from banks and other institutions. That is a huge amount of money, and there is a lot more waiting to be claimed. As those persons who are waiting to get claim as you can help those in getting claim and by this also you can make money.
The regulators estimate that consumers are owed £26bn in PPI compensation. It really is not too late to get involved and make a good profit from helping people to file and win their PPI claims. Given the fact that 85% of claims are successful and on average the payout is £3000 there is a lot of profit to be made. Those profitable deals will be a key of success and when you will guide the customers about the right path of getting claim and how to get that will further enhance your skill with professional knowledge.
If you have the right staff with the right skills, you can easily get involved in the market. As if your staffs have appropriate knowledge then you can indulge them in market so they can more profit as well as increase relationship with the customers. The simplest way to get started is to buy a pack of Data Fresh PPI leads. This firm sells high quality leads, which means that your staff will not waste hours chasing up people who have already made claims or who do not actually have a case as this is the way to get new customers as well as those who are interested claims it will save your lots of time with efforts.