The client, a recognized payday loan provider in the UK, wanted to do a competitive analysis and in-depth market research of payday loan providers in the UK. Including their brand owners, their terms, as well as regulatory status.
In the first phase of this project, our bees managed to identify more than 150 payday loan providers in the UK. We were looking at management structure, contact information, regulatory licenses, mother/daughter companies, etc. We presented this with a lengthy sheet with a lot of information.
Secondly, the client requested a short 1.500-3.000 words (5-10 pages) executive report on UK payday loans industry. The market research for the loan providers industry included a general overview of the industry and its attractiveness. It also included the law requirements to start a payday loan company, market size and potential, main competitors and their place on the market, as well as the latest news in the payday loan area.
Since the UK report was a great success, we’ve continued toward other countries – worldwide. For more prominent countries like USA/Canada, we’ve created a separate executive report for each state. We generated Roughly 100 reports covering 100 countries/states.
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Danco is a serial entrepreneur, founder and CEO of BizzBee Solutions, proud father of a 2-year-old and a burger enthusiast. He is inspired by growth and goes above and beyond to make it possible – whether it comes to his 300+ clients or his people. Eager to learn more? Follow Danco on LinkedIn and Facebook.