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How Profitable Is The Reserve Exchange Business? - Business - Nairaland

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How Profitable Is The Reserve Exchange Business? by Kingsonly: 8:29am On Feb 29, 2012
How profitable is the liberty reserve exchange business .
Re: How Profitable Is The Reserve Exchange Business? by adagSON: 1:52pm On Feb 29, 2012
Vary lucrative. Most expecial if you are selling direct to some higher pay exchanger here in nigeria.
Re: How Profitable Is The Reserve Exchange Business? by naira4ever(m): 2:26pm On Feb 29, 2012
The business is profitable in the sense that you suffer no or insignificant loss and based on the profit margin
but you need big amount like $1000 and above to start with.
It is simply foreign exchange business, the only difference is that you are not dealing with any currency pairs - eur/usd
usd/cad unlike Forex trading.
It is profitable for those that have enough cash to spare for a long term business because your capital might be hanging
in your account for weeks or months if you do not have rapid sales but your money wil. still be there in your account, anyway.
Re: How Profitable Is The Reserve Exchange Business? by Cypost: 10:07pm On Mar 01, 2012
@kingsonly

How do you source the currency ie LR, AP etc for resale. Are their pple/marchants dt sell cheap to resellers or do one rely on money u made online
Re: How Profitable Is The Reserve Exchange Business? by adagSON: 11:01am On Mar 02, 2012
@cypost it depend on how u want to start it. You can source it either internationally or locally. If you intend internationally, Then u need a minimum of $1000. For start, and it more profitable if u source internationally. While with a minimum of #75k you can source locally.ie is buying 4rom 2 perticular exchanger here in nigeria and sell same back to them and make #10 profit on each dollar.

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Re: How Profitable Is The Reserve Exchange Business? by Kingsonly: 1:12pm On Mar 02, 2012
I guess I like the idea, but I dnt hope on buying I only hope on selling, cause LR is the payment option on my site and I make a lot form it, so I hoped I could make more gain if I was to sell for mor gain, what do u all tink .
Re: How Profitable Is The Reserve Exchange Business? by Masterseg: 10:06pm On Mar 05, 2012
HELLO,PLS I REALLY WANT TO KNOW MORE ABOUT THIS BUSINESS.THIS IS MY NO, 07032355156

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