Quote:
Originally Posted by hollmesonhollmes
im intrigued.give us the details on how you made money on an 8 terminal internet shopp? or any interenet shop for that matter. do you also sell a ton of noodles and cola/
how do you compete against thais running a shop? do you live in the shop so rent is free?
Well since you asked a legitimate question, I will answer. That being said, you give me any BS in a response or in the future and I will just ignore you.
As for your first question: The 8-terminal shop didn't make exceptional money, it made a little each month, but as I said that was the one bought to allow my dad's wife more freedom than real job at Well Built allowed for. I didn't say it was an example of excellent business (I wasn't involved in it and my father was doing others things for work at the time), what I said it was it SOLD for a nice little profit, this was due to its excellent location.
The KSR shop makes plenty of cash, it is a 17 terminal shop with 4 international call stations + wifi and we're attached to a restaurant for doing cross promotion. Not to mention we are located in the courtyard of a hotel that is almost always at full capacity with a captive audience of about 600 guests plus of course the run off from the street and KSR. As for the second part of your question: running a business against a Thai is the easy part, just lower your prices, they never will. The Thai business model is based on raising prices to try to convince one sucker to cover all the costs and it can work if there is only Thai competition around or if they are competing for Thai customers, but KSR is full of foreigners and foreigners like deals. There had been a second internet shop in our courtyard when we went in, since we came in about 5 shops along the soi have gone out of business mostly due to the international phone calls being so cheap. Not one Thai run shop has tried at any point to lower their rates to compete, at best they've stayed the same at over double ours. As I said in the first post, they're good LITTLE businesses. They make money, nobody is getting rich off them and yes we're ready to sell and move on, but there is nothing specifically wrong with the businesses. Business in Thailand in general on the other hand... different story.
Now I'm done with this topic... I'm sure there are many more interesting topics to chat about in the Land of Smiles than my internet shop and family history.