Wed 16th Nov 2011, 10:11
Looking for investors to a business with huge profit potential.
I'm Catherine.. a web developer and SEO specialist from the Philippines.
I've been planning to start an online loading station for mobile phone airtime credits. It's got a huge potential since Philippines is among the top countries with huge number of mobile phone consumers. Mostly prepaid users.
This niche has a vast target market.
The website will primarily sell prepaid phone credits from all mobile networks using Paypal and bank-to-bank money transfer.
There's only a handful of competitors online. Some have not-so-good reputation, mostly down or have many bad testimonials from disgruntled users that didnt get their purchased mobile credits or that the transaction takes longer time.
I plan to be better than that.
With my SEO experience and web development knowledge, the start up of it's website and 'getting it out there" wont be a problem. But I'm lacking capital funds.
And in business, if I sit on this idea long enough, while trying to save up so I could be able to start it.... I'm losing essential time for the business to bloom.
So I need help.
I'm looking for people willing to invest a minimum of $1,000 each with 20% percent interest. The investment plus said interest will be returned only after 3 months. That's how confident I am that this business will really work.
I'm looking to raise $10,000 to get the ball rolling.
Where the money will be used:
- Own database and server where the website will run.
- Mobile airtime credits fund.
- Business licenses and other paperworks that may be needed.
I hope some of you would be willing to get involved on this endeavor.
Wed 16th Nov 2011, 10:51
i thing with lack money you can grow only small business.
Wed 16th Nov 2011, 12:37
I know because I do this business offsite also (prepaid loading service in the neighborhood) and I can say that it's doing well. The income return is ok with market that is just within the neighborhood, friends and colleagues. I wanted to do it bigger... online. Targeting nationwide consumers (even overseas Filipino workers abroad). Hence the need to look for investors.
Originally Posted by infobanc
If there are interested parties, that's fine. If none... keeping this as my small business is fine also.
Sun 20th Nov 2011, 18:31
Very interested business idea. A couple of questions:
-You already have the supplier for the cards? How reliable is the supplier? What incentive does the supplier have to sell to you? Is it a good relationship? If you buy in bigger bulk can you get discounts?
-What are the profit margins on the cards?
Also can you describe a little bit more about how the system actual works. Can you walk us through what a typical customer transaction would be like?
Mon 21st Nov 2011, 06:19
Originally Posted by DaveB
Cards' supplier/e-credits - will come directly from the networks provider. In the Philippines we have Smart, Globe, Digitel/Sun Cellular - 3 major networks. They give discounts to their retailer agents (me). The profit margin is 10%-30% directly.
There's 2 ways the site will earn:
1) Direct profit from the network providers >
Example, if you sell 100 pesos airtime credit, Smart will only charge you 70 pesos. The 30 pesos is your profit. That's 30% profit.
2) Using the online store I want to launch, I will add fair amount of service charge.
($2.30)100 pesos worth of airtime credit = will charge $4
($11.60)500 pesos worth of airtime credit = will charge $14
Also, extra income will come from Network's random monthly promo from networks to retailer agents(me).
Example> When you reach 2,000 pesos of Globe Prepaid credits sold.. they will give you extra 100 (in every 2k)
How the system will work:
1) Buyer will sign up for a free account. (I can use OpenID or Facebook integration for faster and reliability)
2) For first transaction, buyer have to verify his/her paypal account to be used in the store by sending infos I will decide to ask.
3) Once approved, buyer can use my site for his/her mobile credits needs instantly, anytime.
Sat 26th Nov 2011, 11:20
I'm raising the investment's interest to 30% .
So if you invest 1,000usd.. after 3 months, you will get back 1,300USD .
Your name or your business name will be indicated as the company's partner.
Tue 6th Dec 2011, 01:17
Hopefully, this will be launched within this month. Got one interested investor and I will launch it when things are finalized.
Will keep you posted.
Tue 6th Dec 2011, 02:05
I am interested but we don't know each other. Maybe we chat on Skype first? Please PM me.
Wed 7th Dec 2011, 18:36
Thu 12th Jan 2012, 00:42
Currently with 1 investor, the site/business have been live and operational since first week of January.
You can check it here Eload Online
If anyone still interested to invest and earn interest even with minimum of $1,000.. let me know.
Sat 10th Mar 2012, 07:33
Just bumping up my thread..
How is it going guys? No more interested?
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