Brokering Winnings / Deadline Tonight
Published: Mon, 01/20/14
Jan. 20, 2014
"You are hearing and reading about potential business opportunities
like these all the time, yet few realize it's there to be followed
up on." -- From Martin Granoff's article below
Hi ,
As of the time I'm writing this there are just 5 hours and 27
minutes left to take advantage of the super early-bird price of
$297.00 for the Las Vegas Paper Source Note Symposium.
Tonight at midnight Pacific time it goes to $367.00 -- which is
still an incredible deal for 2 1/2 days of teaching, networking
with the best in the business, private one-on-one consultations
with the teachers, continental breakfasts, white tablecloth
luncheons, receptions and more, all included!
Check out all the info and get the super early bird price at:
http://papersourceseminars.com/seminars/the-paper-source-note-symposium-cash-flow-profits/
Cheers,
Bill
W. J. Mencarow
President, The Paper Source, Inc.
www.PaperSourceOnline.com
*************************************************************
Brokering Winnings
By Martin Granoff, President, Granoff Enterprises
www.granoffenterprises.com
(Martin will teach brokering contest and lottery winnings
and more at the Las Vegas Paper Source Note Symposium in April.)
When you watch TV game shows and see contestants winning $1 million
or more, besides being happy for them do you also say to yourself,
"I wonder if this prize is all cash or being paid out over time
like a big state lottery prize?" If you don't, you should.
How about the $1 million winner of the golf hole-in-one prize you
just read about, or the $1 million+ casino progressive slot machine
prize just won by someone? Do you think this is one big check to
the winner? It probably isn't but being paid out over time.
How about the winner of the half-court basketball throwing contest
you just heard about on the radio? Do you really think the prize
sponsor is writing a $1 million check to this lucky stiff?
And then there is the article in the paper of the big
accident/medical malpractice/nursing home neglect award an attorney
just won for his client. Does the thought cross your mind this
could be a structured payout? If not, it should.
My point is, you are hearing and seeing and reading about potential
business opportunities like these all the time, yet few realize
it's there to be followed up on.
With the Internet it is now easier than ever to learn more about
each of these events. Websites can be checked out for more details
about each of the above, like whether the prize is being paid out
over time and maybe the city and/or state of residence of the payee.
A further Internet search of national white page directories can
many times provide you addresses and phone numbers.
Do you think most of these people knew their prize was to be
piecemealed out to them? Probably not. Do you think they are happy
about this? In most cases, no. Do you think they could beinterested
in a lump-sum buyout (or partial buyout) proposal? Probably yes.
Let me give you two specific examples. About seven years ago a
major fast food restaurant chain had a $1 million contest and a
homeless person came in at the right time and at the right place
and won this. A local cash flow broker read an article about this
in his local newspaper and found out where this person was staying
(it turned out across the street from the restaurant in a very
low-end motel). Making a long story short, the broker met with the
winner and we acquired some of his future payments.
Another example started with a Super Bowl commercial of two or
three years ago. Two companies had a joint text messaging contest
on the air during half-time and the winner won $1 million. I
watched the winner win. I waited a week to see if any brokers
called me about this and none did. I then went on one of the
contest sponsor's website and in ten minutes had the winner's name
and city where he lived. I got his complete address and phone
number from switchboard.com and soon found myself speaking with
him.
Yes, the payout was $50,000/year for twenty years. No, right
now he was not interested in selling any future payments but, based
on my 15 years experience in this business, I think I will hear
from him in several years. I of course sent him a letter following
up our conversation and expect he will save this. I have checked in
every so often with him since and will continue to do so.
Opportunities are all around us, but we just have to be tuned in to
recognize them. I hope you now are and that you include us for
purchase quotes.
Martin S. Granoff of Granoff Enterprises in South Florida has been
in the state lottery, structured settlement, annuity and contest
winning acquisition business since 1992. He can be reached at
954-370-1806, fax 954-370-1807. Email:
granoff@granoffenterprises.com
Website: www.granoffenterprises.com.
He will teach brokering contest and lottery winnings
and more at the Las Vegas Paper Source Note Symposium in April:
http://papersourceseminars.com/seminars/the-paper-source-note-symposium-cash-flow-profits/