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Gave my wifes filipina sister 600$ she became success

Discussion in 'Making Money' started by niceguy36, Feb 12, 2016.

  1. niceguy36

    niceguy36 Junior Member

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    Damn i will go to the offline business i think there is so much money to be made in the Philippines. i gave my wifes sister 600$ to start a store. Not only did she start it but she build it too, its amazing what they can do with only 600$ and now 1.5 years after she has started another business a loan business. Im thinking to send more money and open another store.
    For 3 years i been looking at saturated methods online and buying courses when i should have known where the money is
     
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  2. Cherry

    Cherry Supreme Member

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    Does your wife's sister live in one of the provinces in the Philippines?
     
  3. pasdoy

    pasdoy Power Member

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    >buying courses
    Don't waste your money. You said it yourself, "Not only did she start it but she build it too". Build something over time. Any good online business has a offline side. I've learned x10 more than any online guide/course by setting up my first saas.
     
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  4. niceguy36

    niceguy36 Junior Member

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    It is called pampanga i think
     
  5. Cherry

    Cherry Supreme Member

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    Aha, stores like that are very common in the Philippines and if you manage it well, it really can be successful. Happy for your wife's sister!
     
  6. BigTroll

    BigTroll Jr. VIP Jr. VIP

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    Give us some numbers man :)
    How much she's making profit per month/year?
     
  7. drogon

    drogon Elite Member Premium Member

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    The difference is she took action and worked hard. Its not just about the $600 startup money. So you may not be able to replicate her success even with more money unless you are prepared to do thesame either offline or online. Buying courses already indicates you are seeking some easy method...that does not exist!
     
  8. niceguy36

    niceguy36 Junior Member

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    That is so true Im just thinking now about all the money i have spent on get rich quick, i feel kinda stupid now. I mean she worked her ass off to build the store and i just take course after course and i dont do shit
     
  9. LoftPower

    LoftPower Elite Member

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    I too agree I would like to see some numbers. What is she making in a year that is making her so successful?
     
  10. pen4u

    pen4u Newbie

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    If you dont know, Philippines were top number 3 country if you want to invest in Asia.
     
  11. saber210

    saber210 Supreme Member

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    $600 here is converted to PHP 27,000

    If you have a good place with no competition you can get $150+ a day.

    The only problem is you really need to be hands on in this type of business. You need to restock everyday.
     
  12. lpfacun

    lpfacun Registered Member

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    Yeah sell isaw > eziest 1peso a day
     
  13. wisdomkid

    wisdomkid Elite Member

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    Great advice. Am also thinking into dabbling into the Offline business.
    But i will be building it round my online business.
     
  14. niceguy36

    niceguy36 Junior Member

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    Wow i had no idea about that. I think there is alot of money to be made there
     
  15. Jesse Custer

    Jesse Custer Regular Member

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    They (the police) also put bullets in your luggage at the International Airport. It may be #3 to invest in, but it's also one of the most corrupt. They've got a big election coming up soon, too.

    IMHO, the best way to make money there is to buy a franchise, something like 7-11 which is 1.5 million PHP. You need a good location, a couple of security guards with shot-guns and you are good to go!
     
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  16. eridonvevo77

    eridonvevo77 Regular Member

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    For some people its just soo easy to make money :)
     
  17. niceguy36

    niceguy36 Junior Member

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    She just started to get the first money back from the loan business. She charges 15% interest i think thats ok :)

    I told her i will invest too because this seems like a very good business. Some people she knows loan 100.000 - 500.000 peso at a time and damn they make a killing with it
     
  18. MonsterMag

    MonsterMag Power Member

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    The best is to lend big sums to business owners (short term lending). These are usually backed by land or other easy to sell goods.
    Lending small amounts of money (starting at $2-3) is unprofitable because you are running after the money/interest forever. Money lending to poor people is also very dangerous since a life is not valued the same as in western countries. There are numerous killings of '5-6 Bombays' usually people of Indian origin (hence the name), sometimes over a few hundred peso only (100 peso = ~$2).

    Google 'money lending 5-6 killed'.
     
  19. loedown

    loedown Jr. VIP Jr. VIP

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    I always hate seeing people say methods are saturated. Do you know how many 100S of MILLIONS of people use the internet daily?
     
  20. loedown

    loedown Jr. VIP Jr. VIP

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    Also, how much did you get back from her ROI?