Ok got sometime to whip out another idea for all of ya while I install HD Express3.5. Our cash cow or I would like to say our bread and butter was traffic abstracts. We would go into a state and sew that angle up ASAP. We would provide a FTP site where companies such as Choicepoint and LexisNexis could come and drop a electronic traffic abstract request file. For those of you who do not know what a traffic abstract is it is a report that lists someone's traffic violations and sometimes their accidents. It is used by insurance companies in determining how much to charge you for your automotive coverage. It is also used sometimes in background checks.
Anyway, the idea is create a way for smaller businesses to request the traffic abstract through you. These smaller businesses include small insurance offices and local businesses who have drivers. You would tack on a additional processing fee on to the standard legal fee. So if your state or county charges $10 for a traffic abstract you can tack on an additional $5. Or whatever you wish. I have seen some sites who rank high for getting abstracts and replacement driver's licenses in certain geographical areas. You will want to select an area that has a large transient population. Say near military bases, consultants, and major tech areas.
Once you have your area and your site go to town and market it. One site I saw charges $65 to request a traffic abstract. The markup on that was over $58. Your target audience is people who have left the state/county and need an important document such as a traffic abstract or driver's license replacement.
In our situation, we provided the FTP site and tacked on $2 per requested record. We did 2000 records per work day. All we did was write checks. The FTP site and script handled everything. If you can get a set-up where you are between choicepoint and the state/county dept you will be able to make some nice cash. You will want to have some good agreements in place and if anyone is serious I might be willing to share the docs we used as starting point.
Again this is just a basic idea and you will need to research it further to see if it can be lucrative for you. It was for us if you do the math above. Our scale may not be obtainable but on a more smaller scale where you offer traffic abstract requests to jonQpublic it can be a nice recurring cash cow.
More ideas to follow.
Anyway, the idea is create a way for smaller businesses to request the traffic abstract through you. These smaller businesses include small insurance offices and local businesses who have drivers. You would tack on a additional processing fee on to the standard legal fee. So if your state or county charges $10 for a traffic abstract you can tack on an additional $5. Or whatever you wish. I have seen some sites who rank high for getting abstracts and replacement driver's licenses in certain geographical areas. You will want to select an area that has a large transient population. Say near military bases, consultants, and major tech areas.
Once you have your area and your site go to town and market it. One site I saw charges $65 to request a traffic abstract. The markup on that was over $58. Your target audience is people who have left the state/county and need an important document such as a traffic abstract or driver's license replacement.
In our situation, we provided the FTP site and tacked on $2 per requested record. We did 2000 records per work day. All we did was write checks. The FTP site and script handled everything. If you can get a set-up where you are between choicepoint and the state/county dept you will be able to make some nice cash. You will want to have some good agreements in place and if anyone is serious I might be willing to share the docs we used as starting point.
Again this is just a basic idea and you will need to research it further to see if it can be lucrative for you. It was for us if you do the math above. Our scale may not be obtainable but on a more smaller scale where you offer traffic abstract requests to jonQpublic it can be a nice recurring cash cow.
More ideas to follow.