I authenticated on BTCJam via paypal:
https://btcjam.com/listings/2605 (due to the price fluctuating and the 70% thing I have listed the loan higher. Any BTC over the 11 will go towards supplies for the business. I submitted address and identity verifications just waiting on them to clear.
I am looking for capital to import Kratom Leaf to startup my physical business. I have found the supplier of the biggest kratom distributor in my city (Austin Texas) and have built contacts with a lot of their customers to start chomping on their market share. I am going to be starting with 3 of the "All in one" packs from here:
http://www.bikhuk.com/p/buy-kratom.htmlThis company accepts bitcoins so that is what gave me the idea to open investing/loaning to you guys. I want to build the business a bit before I open it for "investment" because I'd like to feel out what the business is going to be like so I can plan my investment packages around the capital needed to maintain/grow. I need capital to get things going however as I don't have the cash on hand to make this starting order and a key to this is going to be getting enough of each leaf to be a reliable supply for my customers and their friends until I can place and receive my second order.
You can see at the site if you scroll all the way down that these packs are $149.90 so with ordering 3 I will be paying $449. The left over BTC will be used to purchase a higher quality digital scale than the one I use now as it's old and not working great anymore.
This order will be for 7.95 lbs (roughly one pound of each strain) not including the $15 grams of sample it comes with. The prices I can sell these for vary from strain to strain. The price range is around $7/oz to $24/oz.
The expected (definite guaranteed 100%) revenue is between 80-150 dollars per pound while only paying (this is the bare minimum as if people buy smaller amounts at a time which most do it will be significantly higher) which comes out to $400 or so in pure profit (again this is minimum it will likely be higher). It will not take all that long to sell these and paying back the loan will be easy/guaranteed but I would be looking for the loan to be for 30 days to allow time for shipping, receiving, packaging, and distributing the product.
We can discuss the interest rate once you show interest. Whoever gives the loan (and I would consider taking a couple of loans to spread the "risk" around so one person doesn't take all of it but I would greatly prefer keeping it between me and one other person) will receive an improved price on shares once things open for investment.
This business is going to happen and it is going to make money whether I receive support from this community or not. However I would benefit from the help and could start this much sooner. There is an absolutely huge market here for his product and everyone gets it from the same place. That place buys from the site I have linked. The place I will be competing with is in an inconvenient location and overcharges greatly in addition to being open at hours that aren't convenient for most people. I can charge 10% or more less than them and still make a very large profit (almost double my money gram for gram) due to how much they're overcharging. Add in the fact that I am not a store and have no overhead except gas to deliver (and add in that I will deliver making me an even better option) and I have nothing stopping me from undercutting them severely. I already have a large number of customers waiting on my call that I'm in business so this is not a risky loan or a speculative move on my/your part. This is a product with a built-in market and the profit is 100% guaranteed so long as Kratom remains legal to distribute in my state (and it will be for quite awhile). Once I have processed a couple of orders like this one and banked some profit I will begin ordering custom wholesale amounts and the profit will grow much more and very quickly.
If you are interested please let me know. I am happy to answer any questions potential lenders might have I just didn't want to overload with information up front and I feel like the key things have been covered. This is the type of opportunity that makes the observant rich and doesn't come around often. Don't miss out as though it may sound cheesy it could literally end up changing your life.
