Idea! How To Make Money?

[Sadikk 301]

Hey guys lets share some ideas and concept for making money.

everybody wants to make money, some do it, some cant because of lack of ideas.

in this vast population of india nothing is new to do here, so lets share ideas and help other to make money by investing some.

for example i have 5 lac to invest in any business where i want to make atleast 20 to 25k every month.

[Chirag 5]

Entreprenuer stuff happening here! I'll keep a watch on this

My take, u got to start a good biz if u need a steady and big money. Obv ther is risk but with which u also get big money.

If u want to play the safe game, invest in RD, PPF and Mutual Funds, Bonds. Else invest in Stocks, if u understand the market well... Thats another good entrepreneuring way to earn good money in small time!!

Keep discussing! Some dhirubhais might emerge from this!

[Dilbert 0]

Hi Guys

Lemme be the first one to share a few of my many many ideas.

First of all, let me make me clear that no gain without pain & no money without pumping in money. These are all stories that a guy started from nothing & made a fortune..

Ok to get munny you have to invest, though it can be a paltry sum like 5000 bucks. 'Harshad Mehta' started with 4000 bucks after selling his dad's typewriter.

When Dhirubhai was in the middle-east, he used to buy money from people & melt it to get silver which was more than the value of the currency & things like that..

Beware !!! of MLM schemes, they might potray that everyone will get money, the economy will get robust & things like that but in reality it is not the case. The people whom they call to speak in fron of the new audience are all highly paid speakers & in many cases have nothing to do with the MLM organisation..

Investing monies in PPF, KVP, & all that crap will mean to wait for donkeys years until you earn 50% on your investment. These schemes are secure but as I said no gain without pain.

Have a little bit whisky & try to invest risky (OK OK that was a bad combination of words)..

Try the stock market, by try I don't mean that you should experiment with the money you have, I mean make a thorough research & make an informed decision. Don't assume that you will start making money right from the first day or the first month. Have patience, if your homework is done well then things will work out fine..

This was my first of the many suggestions. Let me know your opinion on this topic, in future, on public demand I will share lots & lots of ideas with you guys.

Do write

Regards

[deepu 0]

RD, PPF, Infrastructure Bonds etc are all good for tax saving purpose...

PPF is a good choice for safe investment as it offers 8% interest rate.. But you can invest maximum of only 70K per year..

If you want to get better returns Stocks are a good option.. but its risky!!

[Dilbert 0]

Hi Deepu

Aren't we going a bit off-track...???

This discussion was started for ways & means to earn money, not for saving tax.

First, lets start earning then we will start another discussion on how to save tax.

I hope you will take this reply in the right spirit & share your ideas about how to make money.. hehe

Regards

[SexyGurl 0]

Dance girls are banned ... a good money making opportunity for guys who want to start dancing

[Dilbert 0]

Huh.. I thought this would be the hottest topic of the seaon..

Well, i guess people who are making money don't want to share their secrets...

[deepu 0]

You can see an article on "How to make money in Shares" at this link

http://in.rediff.com/getahead/2005/may/11stock.htm

[mohan_27x 0]

Hi friends I request u all to contribute your serious ideas for putting up new venture! Because to me successfull venture=knowldge+resources(money!)+attitude+hardwork

There may be people in this forum who has got one or two (out of above four

) or may be three qualities with them but not all and that's stopping them from becoming TATA, BIRLA....AMBANI....

I wish this place to become PIC-UP POINT(not for That!) for ideas, partners, guides, resources, and friends..........

so what u are waiting for..........

soon u will find my contribution on this topic

[Chirag 5]

EYES WIDE OPEN

[mohan_27x 0]

Name of The Project : Data Processing

Education or knowldge: Computer basics, MS office, Typing etc

Resources :5 nos. of computers (May b 2nd hand) Rs. 60000.00

(P III, min128mb, 20Gb, one should have writer)

hub and network, Rs. 2000.00

furniture chairs, Rs. 10000.00

ups (one must remaining optional, better to have five) Rs. 11000.00

Misc. Rs. 2000.00

Space :Preferably close to station 100 Sq ft.

Who will outsource? :Lawyers, Coaching Classes, Consultants, Students, small or medium scale industries, Banks, third party BPO co.

[deepu 0]

There are lot of companies in the Data Processing arena... You need to have good contacts both in India and Abroad to get work and also money....

Getting the work is the problem!!!

[Chirag 5]

Getting the money on time is the biggest problem in any industry!

Advance payment on anything, is out of trend, i guess!

When the capital stops rolling, tht becomes the biggest issue!

More ideas awaited !!!

[Sadikk 301]

This is called cutting bussiness in deal of prepaid recharge vouchers where we get particular discounts from distributers as they have to achieve thier quota. well this happens mostly in end of month.

last month i bought Airtel vouchers on 5.5% discount, and gave to five diffrent small dealers on 1% discount(i.e 1% discount on rate they usually get thier vouchers) so saved 4.5%. deal took 13 days to complete made 23k on investment of 500k. well the best part of this deal was i keep my investment with me all the time in a mode of money or voucher.

[Sadikk 301]

Name of The Project : Data Processing

Education or knowldge: Computer basics, MS office, Typing etc

Resources :5 nos. of computers (May b 2nd hand)  Rs. 60000.00         

(P III, min128mb, 20Gb, one should have writer)

hub and network,                                                              Rs. 2000.00

furniture chairs,                                                                Rs.  10000.00

ups (one must remaining optional, better to have five)      Rs.  11000.00

Misc.                                                                                Rs. 2000.00

Space :Preferably close to station 100 Sq ft.

Who will outsource? :Lawyers, Coaching Classes, Consultants, Students, small or medium scale industries, Banks, third party BPO co.

31489[/snapback]

where will we be hunting for these Lawyers, Coaching Classes, Consultants, Students, small or medium scale industries, Banks, third party BPO co??

give lil more details as sounds good to me.

ur not talking about data entry thing, r u ??

[tanveer 59]

Dance girls are banned ... a good money making opportunity for guys who want to start dancing

31316[/snapback]

great mind bhutes

[Sadikk 301]

Dance girls are banned ... a good money making opportunity for guys who want to start dancing

31316[/snapback]

great mind bhutes

31540[/snapback]

Well guys can dance very well, but gals cant come to bars at night to throw money on guys. and male stripping is good money making concept.

We are discussing money making concept with dignity and pride. which uses brain and not booty.

[compenn 0]

We are discussing money making concept with dignity and pride. which uses brain and not booty

Que)Which is the most DIGNIFIED Position?

Ans) Look through the window in the morning while travelling in the train.

Sorry,U cant earn money in that position, but u might get some ideas in that position. "an idea can change ur life"

Edited May 12, 2005 by compenn

[mohan_27x 0]

Name of The Project : Data Processing

Education or knowldge: Computer basics, MS office, Typing etc

Resources :5 nos. of computers (May b 2nd hand)     Rs. 60000.00            

(P III, min128mb, 20Gb, one should have writer)

hub and network,                                                              Rs.   2000.00

furniture chairs,                                                                Rs.  10000.00

ups (one must remaining optional, better to have five)         Rs.  11000.00

Misc.                                                                                Rs.   2000.00

Space :Preferably close to station 100 Sq ft.

Who will outsource? :Lawyers, Coaching Classes, Consultants, Students, small or medium scale industries, Banks, third party BPO co.

31489[/snapback]

where will we be hunting for these Lawyers, Coaching Classes, Consultants, Students, small or medium scale industries, Banks, third party BPO co??

give lil more details as sounds good to me.

ur not talking about data entry thing, r u ??

31536[/snapback]

Data entry is one of the process involved in DATA PROCESSING.

All above clients are available at every nuke and corner of every city!

For example: If u take any locality, u will find atleast five successful (read bussy) lawyers around, average 5 pages/case and only 5 cases/day At the rate of Rs. 5.00 per page, for only 200 days in a year!comes out to be...

5(Pages/case) x 5(cases/day) x 5(Rate) x 200(days) x 5(lawyers) = Rs. 125000

Above calculation is very consurvative! And even if u get 50% of the above besiness from them and on the same theory u work on other clients making min. 15 to 18 thousand is not a problem at all.

We have started this venture couple of years back, only to keep my wife bussy. (since i was working in africa then and even today as a consultant i travels a lot.)

Revenue generated for last year was close to six hundred thousand!(with 10 machines)

Definately this is not a dish for people who wanted to be millionier overnight!

In next post i will light Do's and Dont's

Cheers

[deepu 0]

That was great!!!!

Is there any way to get business from abroad also!!!

Like say from US!!!!

I have heard that there is lot of Data conversion work done for converting text from image files to Text format!!!

Edited May 12, 2005 by deepu

[mohan_27x 0]

That was great!!!!

Is there any way to get business from abroad also!!!

Like say from US!!!!

31566[/snapback]

Deffinately there are ways to get business from overseas BUT that should be trayed in later stage. Our experience says that local clients pays better rate (rs. 5.00) where as overseas job gets less, that too with expectation of higher accuracy(99.97 and above)

[Dilbert 0]

Great going guys..... as my intution said that this would be a hot topic...

We all will analyse & share ideas step by step.. what are the pros & cons, dos & donts of this kinda venture???

Does anybody remember a scam which was unearthed by CNBC a month ago or so...

It showed how people were been lured by a company which claimed to get outsourcing work from other countries. Entrepreneurs were asked to invest in infrastructure, they were also conned into paying deposit to the company & Voila... suddenly one day the company vanished into thin air, leaving lotsa people in the lurch..

Guys, don't get me wrong & blame me for throwing a wet blanket, but I felt this is definitely something I should share with you..

Regards

Edited May 12, 2005 by vinay_retail

[Sadikk 301]

Any expert from share market there ????? We r waiting......

[Dilbert 0]

Hmmnn.. share market..!!!

Lets talk about some more ways of munny making before getting into the bazaar (which I feel is the ultimate).

Will ppl be interested about franchising???

Lemme know...

[mohan_27x 0]

REF:DATA PROCESSING

Few Reliable websites were u can bid for project

http://www.contractedwork.com

http://www.elance.com/c/static/main/displa...D49&module=home

While looking for projects, YOU SHOULD NEVER PAY DEPOSITES IF U HAVE BEEN OFFERED ANYTING MORE THAN RS. 4 TO 5/PAGE U MUST TAKE EXXTRA PRECAUTIONS. DO NOT BELIEVE 'LC' KIND OF THINGS .CONTACT BANKER AND CHECK FOR AUNTHENTICITY.