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Re: Bernanke_nomics post# 36420

Sunday, 09/26/2010 10:14:51 AM

Sunday, September 26, 2010 10:14:51 AM

Post# of 55137
Ok guys I went to the central location today. first everyone has to keep in mind there is plenty of competition. One kiosk was handling a huge amount of transactions. It is a big bank in the philipines and looked well established.The next big money was western union. I stood at one world for an hour and watched three transactions. It appears we are just another transaction place. however when i asked three of the competitors if they thought we would survive they were yes and middle ground in their opinions. I dont know what some people are talking about on this board but I was told that SP was in Nevada. If someone can get SP to call me i can give him some additional advice to increase traffic.However, if he can get the right message to connections in the philpines it may be a good idea too of course. Maybe the idea of opening six at once is to lay down the framework for upcoming demand and or it could be a risky attempt to make it big or see which location does best and close the unprofitable ones down... Remember the helpers dont get paid until the end of the month so this was a worse case scenario today for a sunday. I will revisit the same place nex week sunday and monday and report back to the board. This is when the helpers get paid.