"Being friendly to new customers can turn them into a loyal or regular customers."
No spoilage, No expiry of products
It is a universal tool and an overall trading tool for the people. Man always need it for buying good food, shelter, clothes and others to survive the changing economy.
Depending on the market, capital can range from 3M to 5M or more. It is good to know the statistics of ofw or overseas Filipino worker in your area because these are your potential client. According to the stats, more Pinoys are working in Saudi Arabia, Singapore, United States of America, Qatar, Dubai and more.
Who are the potential clients to serve?
Having this kind of profitable business acts like a small bank that is in your personal control. Potential clients are ofw, banks, expatriates and other foreign visitors. Take good care of these customers. Be friendly and be fair to the monetary changes or fluctuation. Greet good morning or any kind of hospitable and welcoming introduction during the business transaction. This manner will give your firm more remarkable to clients because they will remember the service you gave to them.
Advantage compared to banks
Main benefit of what you can give the consumers is fast reliable service. Banks takes time to change the foreign currency with paper works and mostly have lower rates. But security is mostly what they promote. Black market dollar exchange booths are faster and one can bargain for possible higher buying rates in exchange for a big amount of foreign currency on hand.
Instant Patrons in the service.
"All business can be profitable with mastery and hard-work."