Hello fellow members. Just returned to the states from Santiago and visited other interesting areas looking for good business opportunities. I plan to return to the DR within 30-60 days and stay up to 6 months.
Biz opportunity #1)
While in Santiago I hired a driver for a week that operates a FIXED route picking up passengers from 6A-4P at least 4X a week. Third day into my trip I observed his route/shift. Nice adventure. He currently rents the vehicle (which is NOT in great condition) from the owner, paying $1,200-$1,500 RD daily + PROPANE gas, maintenance, etc. He proposed an idea to invest in 1-3 used cars (in good condition) whereby he would work
ONE shift then another driver would take over the same route from 4P-12P. The maximum earnings a driver can make on a fixed route seems to be $1,500 RD per shift which is $33 USD. If one driver works 5 days a week and earns (being conservative here) $1,200 RD (or $24,000 RD a month) = $533 USD/month. Two drivers would be $1,066 USD/month. Frankly, this is a low margin business to me. However, owning a small fleet of vehicles operated by independent drivers COULD prove profitable.
Your thoughts are appreciated
Biz opportunity #2)
The idea of loaning money for business or personal needs was confirmed to be profitable by a few people I met doing this and the owner of a popular hotel. Does anyone here know a lot about this business model? Right now, the loan method is traditional with NO electronic means for people to receive loans and repay the loan over 7, 15 or 30 days. They have to physically meet the financier to receive the money and surrender their debit card until the loan is repaid allowing the fianancier to place a lien on their property (or other assets) in case the loan is NOT repaid.
Thank you in advance
Biz opportunity #1)
While in Santiago I hired a driver for a week that operates a FIXED route picking up passengers from 6A-4P at least 4X a week. Third day into my trip I observed his route/shift. Nice adventure. He currently rents the vehicle (which is NOT in great condition) from the owner, paying $1,200-$1,500 RD daily + PROPANE gas, maintenance, etc. He proposed an idea to invest in 1-3 used cars (in good condition) whereby he would work
ONE shift then another driver would take over the same route from 4P-12P. The maximum earnings a driver can make on a fixed route seems to be $1,500 RD per shift which is $33 USD. If one driver works 5 days a week and earns (being conservative here) $1,200 RD (or $24,000 RD a month) = $533 USD/month. Two drivers would be $1,066 USD/month. Frankly, this is a low margin business to me. However, owning a small fleet of vehicles operated by independent drivers COULD prove profitable.
Your thoughts are appreciated
Biz opportunity #2)
The idea of loaning money for business or personal needs was confirmed to be profitable by a few people I met doing this and the owner of a popular hotel. Does anyone here know a lot about this business model? Right now, the loan method is traditional with NO electronic means for people to receive loans and repay the loan over 7, 15 or 30 days. They have to physically meet the financier to receive the money and surrender their debit card until the loan is repaid allowing the fianancier to place a lien on their property (or other assets) in case the loan is NOT repaid.
Thank you in advance