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starting 5m debt to bank... when should i start repaying?
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Weicong Sng RJ: Park Min Young CO: Psychotic Nutcase Post Rating: 0 + / - Total Posts: 59 Karma: 28 Joined: Apr 10, 2012 |
Posted on Apr 10, 2012 1% per day.... should i pay them off early before it snowballs?
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 10, 2012 Mind you I screwed up my start and had to get bailed out...But I would suggest sinking 2-3m into construction and production of course, get your empire started And put the rest back into paying off that loan. Unfortunately the interest alone is going to cut into your profits substantitally in the first 1-2 days |
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Weicong Sng RJ: Park Min Young CO: Psychotic Nutcase Post Rating: 0 + / - Total Posts: 59 Karma: 28 Joined: Apr 10, 2012 |
Posted on Apr 10, 2012 i realised that my 10m store isnt selling much.... like average 1 item for every 15minutes.... how do i remedy this? price my product lower? or increase the size of the store?
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Roald Adriaansen RJ: Wuvil CO: Wuvil Post Rating: 0 + / - Total Posts: 146 Karma: 281 Joined: Feb 4, 2012 |
Posted on Apr 11, 2012 Increase the size and/or build several
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Zack WenJian RJ: Zack CO: Zack Post Rating: 0 + / - Total Posts: 114 Karma: 503 Joined: Mar 31, 2012 |
Posted on Apr 11, 2012 i would not have repay any loan. in fact i keep borrowing the max amount that i could.because i know my return of investment is definitely more than 1% |
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Weicong Sng RJ: Park Min Young CO: Psychotic Nutcase Post Rating: 0 + / - Total Posts: 59 Karma: 28 Joined: Apr 10, 2012 |
Posted on Apr 11, 2012 unfortunately my ROI at the moment is like, negative... :( 2nd day playing though...
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 11, 2012 My store is only 40m, it is mostly all about pricing the product right.What is the average QL level of your target market? If you're trying to sell QL 0 items for the same price as everyone else selling QL 25... you have to knock the price down |
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