To Open or Not to Open

Beckjo1 · #1 08-17-2006, 04:58 PM

I have been running an offline business for 2+ years that finds lost funds/securities/assets for individuals and arranges the return of these. It has been very successful but it seems the more people I reunite with funds the more want my services. One division of the US government alone has over $100,000,000 sitting in the treasury waiting for people to claim. States also hold funds and securities from abandoned bank accounts, insurance premiums, misplaced securites etc... Procedures to recover these items generally require legal documents and procedures the average person does not understand. That is where I come in. I am paid a percentage to handle the red tape for people.

I recently added my services to my website. I am at the point where I will need to have additioanl help. I currently earn 15-20% per transaction. The average transaction is $450.00. The average process time is 4-6 weeks depending on which agency or corporation we are working with. I currently have $15,000 in transactions outstanding which would cover the first payouts for a hyip in 4 weeks.

I am considering opening a long term hyip to fund the start-up costs for hiring 2 people to help me. I can safely offer a 30% monthly return on an investment the first month and possibly be in a position to raise this amount to 35 or 40% after the first month.

I have two people I can completely trust who I can train already. One is my best friend. I have known her for 29 years. The other is my old bosses daughter. She is 35. I have known her for 15 years. Both are located in Indianapolis which is about 1 1/2 hours from me. They want me to do this but I would like the input and advice of some real money makers. If I do this I want to do this right.

I have told them I would give them an answer by this weekend as to whether I would expand. I would do the inital searches and verifications and they would handle the filings and customer support. We have talked about this for a few months.

I have seen many hyips crash and burn with many being scams from the beginning.There is a big lack of good prgrams that can actually pay people. I know I can help fill that void. If people want this, we will do this. I am happy just running things as they are but these people really want to be a part of this. If I can help them make some extra cash and at this point I see no reason why i should not help some of you as well.

You people are money makers. I would like your input. Should I expand and start a hyip to cover the start-up costs? Does anyone have any suggestions? Your input will be greatly appreciated as I have not decided to definately offer this. If I did, I would cap the investors and only take in $4,000. This will cover the start up costs for two people and allow me to easily pay the returns.

Your feedback will be greatly appreciated.

ammoun · #2 08-17-2006, 05:17 PM

It depends only on the quality of your hyip means you have to satisfy your clients and than I promise you that you will win a nice ammount.
4000 $ I think that they are very good to launch a successful hyip !
Good luck !

Beckjo1 · #3 08-17-2006, 05:36 PM

Thanks for your input.

Capping the amount we would offer for a hyip would guarantee that I could make the offered rate of return. It is based on outstanding contracts totalling $15,000. My profit will be $2,700. I would use these profits to pay the first months interest. I have a backlog of customers and prospects which is why I will need additional help.

This would be an ongoing hyip where we would pay at least 30% per month and your investment would not expire. We would allow the ruturn of principal after 45 days with a 10% penalty.

These are my current thoughts for this project. All input is appreciated.

CashMonster · #4 08-17-2006, 08:19 PM

I think possibly yes but make it private

Beckjo1 · #5 08-17-2006, 11:57 PM

private. i kind of like that idea. thanks for the input

Tomzillaz · #6 08-18-2006, 07:45 AM

$4.000 is quite good to start hyip!

Tomzillaz · #7 08-18-2006, 07:46 AM

But I'll spend for my hyip $7.000

HYIPdepot · #8 08-18-2006, 07:55 AM

get some good technical support.

noob-investor · #9 08-18-2006, 08:17 AM

Quote:

Originally Posted by Tomzillaz

But I'll spend for my hyip $7.000

$7k ??
what is your hyip site?

**geoff01** · #10 08-18-2006, 09:36 AM

But why start an HYIP with all the problems that can bring? If you have a sound business plan then surely it would be better to get a loan from your bank to help with your start-up costs? That way you keep all the profits you make for yourself and for paying wages to the staff you employ, rather than having to pay out interest to investors.