
Originally Posted by
makie
I'm currently running a business wherein I didn't put up any capital. I manage the money of my relatives and a few close friends and give them a higher yield than what banks give (I normally give a return of 3% to 5% in a month). It is a win-win situation because on their part, they get to put their money into something that could provide a better growth, and on my part, I can do better than 5% a month most of the time.
3% a month is 36% in a year, 5% a month is 60% in a year. That is a good growth on their part.
ROI is very good because assuming I get an average of 8% return a month, that is around 96% return in a year and take 60% away from it, I get a net of 36% gain from their money. That is some sort of commission or fee on their part.
Since most of clients are my relatives and very close friends, I didn't need any permits for it. However, in the near future, I'm looking forward to have this business of mine registered.