Haven't posted here in a long time since I got my PR approved.
I have something interesting I thought this community would have expertise in.
It all started a few months ago when I told a family member about my PR journey.
I told him all the agencies are a scam and I did not use them, this made him go into a rabbit hole.
He is now thinking of quitting his 7K job and starting one of those agencies that help people apply for Singapore PR.
His reasoning:
- The price for each applicant charged is 1.5-5K depending on complexity.
- It is an industry that will always be in demand as more and more foreigners work in Singapore
- looking at the existing agencies, they all have offices in central location. His logic is that this means they are doing well lmao
- He will help people prepare their documents making sure there’s no mistakes and it maximises chances of success. He doesn’t want to be one of those scammy “99% success rate” agencies. He wants more of a trusted advisor role.
- It is a super saturated industry. Without existing connections it will be super challenging to get a slice of the pie.
- The market size is only 100K people a year (based on 2024 PR applications).
- Most people can do the documents themselves, it’s not very complicated.
- Most leads will just come to you for a “free assessment” hearing what their PR chances are and then just drop out from paying anything. Essentially doing the application themselves.
- He will just be a glorified paper pusher.
- I can't even convince him to rey this part time before quitting his job.
