If your credit rating is good, any financial institution would grant you loans to run a business. Assume you get a loan sanctioned for about $50,000 to run your new business. What do you do with that money? Here is a simple way, where you could make the deal more than profitable.
o Get on to the Internet and find out 10 unexplored places in a 1000 mile radius to where you stay.
o Spend about $20,000 in traveling to these places. Click some photographs of these places, and make notes of your observations.
o Tie up with a couple of agencies in those places for accommodation and travel.
o Come back and formalize the notes and photographs into a website.
o Promote the website as a travel website, which will offer people to be taken to these unexplored places.
By now, you would have easily spent $30,000 including the development of the website and maintenance of the website. But this is the time you could make big money and fast loans work for you? Assume your website gets about 1000 hits daily, and 10% of them show interest in using your services to go to the places, which you have given information of in your website.
That will get you a cool sum of $1000 per day. Since this does not require you to work at all, you could end up clocking $30,000 in one month itself. That is a break-even within a month’s time. If you had to cover 10 more such places, you could end up profiting by $60,000 the next month, and the revenues will just keep multiplying with days passing by.
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