Improve my friends father's business

Take efforts to acquire a customer and also make some gold int rate or anything that leads to increase a business. Also try to find what sells aju baju mai. Sees what business like vada pav Or else anything that we sells from that we can earn good amount of money. He can do some other business in morning and in evening he can do different business. Like for example in morning he can do sells Snacks Or idlis and in evening all type of snacks like Vada pav Or samosa etc. Try to learn from outside

asli_shashikant wrote:
Take efforts to acquire a customer and also make some gold int rate or anything that leads to increase a business. Also try to find what sells aju baju mai. Sees what business like vada pav Or else anything that we sells from that we can earn good amount of money. He can do some other business in morning and in evening he can do different business. Like for example in morning he can do sells Snacks Or idlis and in evening all type of snacks like Vada pav Or samosa etc. Try to learn from outside

He wants to continue with the same business

Along with Gold Lending Business, he can also start selling Financial Services like Bank Loans, Commercial & House Loans, PAN Card Activation, New Bank account Opening, Credit Card etc with any Bank tieup or New age Financial Apps like Onecode/EarnKaro etc., BTW what's his age?

satraghav wrote:
Along with Gold Lending Business, he can also start selling Financial Services like Bank Loans, Commercial & House Loans, PAN Card Activation, New Bank account Opening, Credit Card etc with any Bank tieup or New age Financial Apps like Onecode/EarnKaro etc., BTW what's his age?

I forgot to add Mobile/DTH Recharge or New connections without much investment.

satraghav wrote:
Along with Gold Lending Business, he can also start selling Financial Services like Bank Loans, Commercial & House Loans, PAN Card Activation, New Bank account Opening, Credit Card etc with any Bank tieup or New age Financial Apps like Onecode/EarnKaro etc., BTW what's his age?

His age is 60.. how to start those business?

rajatindia wrote:

His age is 60.. how to start those business?

Take affiliate/Direct Sales permission from Renowned Banks like SBI/Axis/ICICI etc.

satraghav wrote:
Take affiliate/Direct Sales permission from Renowned Banks like SBI/Axis/ICICI etc.

Any contacts?

rajatindia wrote:

Any contacts?

Create it. Cross sale products. Like if he take gold loan u can offer him any type of insurance. Like this anything that add value

rajatindia wrote:

He wants to continue with the same business

Ok but this is he can do too.

Insurance has maximum commission

Bro open a csp (customer service point) of any bank which is popular in his area and he can also start money transfer business although commissions are less but with high volumes earning will be decent

Acquire cust by Google, meta ads olif he is willing to spend an addtl 10k per month. I know it sounds risky, but that's the acquiring cost of consumers because of niche market. People don't trust easily considering they are mortgaging and not selling. Other is try to give loans at slightly low interest rates then mannapuram or banks. There are foreclosure charges which banks usually charge. He can work on thin razor margins initially but can easily make profits once there are enough customers onboarded. DM me if you need further help. 

Golden_bhidu wrote:

Acquire cust by Google, meta ads olif he is willing to spend an addtl 10k per month. I know it sounds risky, but that's the acquiring cost of consumers because of niche market. People don't trust easily considering they are mortgaging and not selling. Other is try to give loans at slightly low interest rates then mannapuram or banks. There are foreclosure charges which banks usually charge. He can work on thin razor margins initially but can easily make profits once there are enough customers onboarded. DM me if you need further help. 

To be honest, these adds doesn't bring in new customers.
customer acquisition for small business through these adv is not affordable. 

one have to promote his business at right place, IMO twitter/fb/google doesn't help his business.  

If the shop is owned by him, just put the shop on rent and have decent monthly income. At 60, it will be tough for him to enter into something new without help ... If this is not an option, then try to go for suggestions provided above

asli_shashikant wrote:
Take efforts to acquire a customer and also make some gold int rate or anything that leads to increase a business. Also try to find what sells aju baju mai. Sees what business like vada pav Or else anything that we sells from that we can earn good amount of money. He can do some other business in morning and in evening he can do different business. Like for example in morning he can do sells Snacks Or idlis and in evening all type of snacks like Vada pav Or samosa etc. Try to learn from outside

Gold loan walo ko yeh sab nahi jamega .