Sunday, April 24, 2011

My Loading Business

I don't know if it's the sign of the times, but even beggars nowadays ARE choosers. They won't accept small coins -- those with values of 25 centavos, for example, or food. I've actually seen some beggars throw the food or small denomination coins that's being given to them.  In disgust I suppose, but then while those amounts may be small, if you add them up, it should be quite substantial.  Tsk tsk tsk.

That's also why some people don't want to go into business when the profit margin is not very high.  They want a "tubong lugaw" sort of thing (meaning:  low capital but very high profits).  But successful business people and entrepreneurs know that small profits add up.  What you want is for customers to get back to you again and again and again.  And while profits per item are small, the small profits added up over several items would make your initial investment grow over time.

Which is why I'm pretty happy with my loading business. It does not earn me much per transaction, but it's pretty easy to do. Customers keep coming back because I do not overcharge them. And the small 8 to 10 percent profit that I get is already enough for me, as long as they go back to me again and again to load more. If you're interested, check out the blog where I talk more about this business. CLICK HERE.