Bail Bond Confessions Blog

PBUS Convention | July 23, 2009

So I attended the PBUS convention, but only for one day.  I was torn between attending the whole event or only the one day.  I decided to save money and go the one day, but was disappointed when I showed up bright and early only to find out that by choosing to attend the one day and not the whole convention, I was locked out of attending the morning events.  I arrived at 8am and effectively had nothing to do until 2:45pm when I could attend a seminar on collections.

I puttered in and out of the exhibition room.  I’m not sure what I was expecting, but there were less than a dozen exhibitors there.  It was nice to talk to 3 different software vendors and it helped me decide which software I want to use, but c’mon…I paid $100 for this privilege?  I also met a great guy, James Peeler of American Spirit Processing, who sold me on his company for my credit card processing needs.

Since I was new, I didn’t have anyone to eat lunch with, so I asked a bellhop to direct me to a nearby restaurant for good food.  It wasn’t all that great and I really hate eating alone.  I made my way back to the hotel slowly and had plenty of time to spare to make it into the Collections seminar.  The seminar started out OK, but after about 20 minutes, the speaker turned it into a commercial for his company.

In the seminar, I zoned out and looked around me.  Overwhelmingly, the population in the room could be described as older white male.  As in 50 yrs+ older.  It just served to reinforce my decision to enter this business.  a) I’m young and these guys are going to start retiring and dying off in the next 5 years.  Over the next 20 years, I should be able to absorb a great amount of market share, b) This is a job that can’t be outsourced overseas, c) I see strong parallels between the casino business in Vegas over the past 50 years and the bail bonds business in America over the past 50 years.  I think there is a lot of good opportunity here and many younger folks are avoiding it and going into IT/Legal/Medical jobs.

-bbc

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2 Comments »

  1. I like your idea that this industry can’t be outsourced overseas – never really thought of that. I’m not sure that I see the Vegas/bail analogy other than perhaps high risk.

    Comment by Tonya Rynerson — July 24, 2009 @ 9:38 am

  2. I suppose I should explain it further:

    1950’s-1980’s, Casinos were mob ruled. 1980’s-Present, they are now corporate owned. People don’t get fingers broken or dumped in the desert anymore.

    1950’s-1970’s, bondsmen were “Good ‘Ole Boy”. 1970’s-Present, baby boomers moved into the industry and worked to change the image and make it more respectable. They haven’t done as good of a job as the casinos, but then they don’t have the marketing budget, right? Anyway, I see the next wave (Gen X and Gen Y) as further promoting this trend and improving the image.

    -bbc

    Comment by bailbondconfessions — July 24, 2009 @ 9:50 am


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