Intentional Collections Agency, LLC. | Application Preview
Intentional Collections Agency, LLC is seeking a $35,000 government grant to acquire essential equipment, computers, and office supplies for their business operations. The company plans to implement a comprehensive marketing strategy that combines both online and offline efforts, profiling a separate budget specifically for paid advertising on social media, local print media, mobile marketing, and branding materials. They aim to develop key performance indicators (KPIs) to track the effectiveness of their marketing initiatives, allowing them to adjust their strategies based on performance data.
The application emphasizes the founder's qualifications and experience in the field, asserting that their commitment and determination will lead to success. The competitive landscape includes notable players like Transworld Systems Inc, The Kaplan Group, Midland Credit Management, and Portfolio Recovery Associates, all of which have established themselves over years of operation. Despite the strong competition, the agency believes it can carve out its niche through its founder's expertise and focus on customer service.
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General Information
Business Registration Number: Intentional Collections Agency, LLC.
Location: Muskegon, MI, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Intentional Collections Agency will require a total of $35,000 investment to purchase the required equipment, computers, and office accessories.
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Business Plan
Intentional Collections Agency marketing strategies will be based on mainly two pillars, online and offline strategies. We will set a defined and reasonable marketing budget separately which will be only utilized for paid marketing on social media, local and print advertising, mobile marketing, email boosting, flyers and banners printing, and in-office branding. After developing a marketing plan along with proper implementation, the company will set KPIs to measure and gauge the performance of set marketing goals and objectives. Based on set KPI’s, Intentional Collections Agency will develop a control mechanism to handle all marketing efforts of the business for all debt collection services. My background knowledge and experience qualify me to do the job. My drive dedication and determination will help me achieve success!
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Self Identified Competition
Competitor Analysis Name Profiling Transworld Systems Inc (TSI) TSI has been the biggest collection agency for quite some time now. It also has Rocket Receivables and TSI commercial divisions. It has been serving the USA’s collection industry for nearly half a century now. Subsidiaries include NCO Group and North Shore agency. Their website states that TSI manages a portfolio of over 25 billion and over 35,000 clients. The corporate office is located at Fort Ross, IL. In the year 2019, TSI also acquired NCI ( Altisource), making it an even bigger player. The Kaplan Group One of the largest commercial collection companies in the USA. The owner, Dean Kaplan has 30 years of business and negotiating experience, has closed over $500 million of transactions (per LinkedIn), has an MBA from a top 5 university. 85% Success Rate on viable claims over $10,000. Midland Credit Management (MCM)/ Encore Capital Group Inc Encore Capital Group is a global specialty finance company with 66 years of operating experience and has over 8,500 employees across 17 countries. Through its subsidiaries, Encore purchases portfolios of defaulted consumer receivables at deep discounts to face value and manages them by working with individuals as they repay their obligations and work toward financial recovery. Location San Diego, CA. Portfolio Recovery Associates (PRA Group) PRA Group (Nasdaq: PRAA) began in 1996 as Portfolio Recovery Associates, headquartered in Norfolk, Virginia. Over the past 20 years, PRA, through its subsidiaries, has grown to become one of the largest debt buyers in the world, with more than 5,700 employees in 16 countries throughout the Americas and Europe. They also do business as Encore Capital Group. My background knowledge and experience qualify me to do the job. My drive dedication and determination will help me achieve success!
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Contact Applicant
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