If your goal is to get maximum profit from your investment then the best way to do is by using the money to start a profitable business.
Lets compare starting a business vs putting the money at the bank through any one of their numerous schemes.
Investing with a bank
1. You dont have to do anything
2. You just sign up for either fixed deposit or treasury bill.
3. Assuming the fixed deposit rate is 15% per year
Then in one year you will make (15/100) x 35,000 = 5250
So the profit you will make in a year on 35,000 investing in fixed deposit or treasury bond will be about 5000ghc
Risks -- Bank might go bankrupt you may or may not get your money back
Starting a business
Lets say you bought a toyota collora for 20,000ghs
Registration and vehicle checks 1500ghs
total money spent 21,500ghs
Purpose of the car to be used as taxi
Now you got a driver after due diligent checks.
He is supposed to make sales of 50ghs to you per day
He deligently makes 50ghs sales per day
in 30 days he makes 1500ghs sales.
Repair and maintenance cost for the month 500ghs
Your profit is 1000ghs
In one year, you make 1000x12 = 12000ghs on 21500ghs invested
Risks--the car might get into a serious accident beyond repair, all money lost
You did research into beard growth.
You noticed most men want a nice beard.
You talk to experts and found good and working beard growth spray
You bought 100 beard growth spray. You stored them at home.
each beard growth spray cost you 60ghs so total cost of product is 6000ghs
You contacted a good social media marketer. He set up a nice facebook, twitter and instagram pages
He started online advertising for you targeting people interested in beard growth
Setting up the pages cost you 2000ghs, advertising cost you 100ghs per day
in the first month, you spent, cost of product + marketing cost = 6000+3000+2000 = 11,000ghs
In the first month, you were able to sell 10 products
you sold each product for 100ghs, since you sell by delivery through post office, you incurred delivery cost which is 10ghs per product. cost per product is now 70, profit is 30
Total number sold after first 30 days is 10
profit made is 300ghs
in the next month, you sold 20, profit made is 600,
the nest month you sold 20 again profit made 600
next month you sold 40, profit made is 1200,
Now you have only 10 product left.
In 4 months you made a profit of 2800ghs after selling the 100 beard growth spray
Now total sales before profit is 100x100 whic is 10,000
delivery cost is 10x100 which is 1000
product cost is 6000
miscellaneous expenses is 200
so 10,000 - 7200 = 2800
Advertising cost = 3000
3000-2800 = -200
cost of setting up social media pages 2000 plus advertising deficit is 2200
if profit made after 4 month is 2800
profit made after next 4 months 2800 - 2200 = 600
from here on its all about the money....
Risks, you might loose your money if there is no determination and self accountability.
Things might not go as planned and you will give up half way