Hey guys,
Iv been living in DR for about a year now attending the Universal Central del Este (UCE), a university here in San Pedro de Macoris. I'm working on getting Bachelors in business administration & accounting.
Aside from focusing on my studies, iv been spending time analyzing different commodity markets in search of economic opportunities. After all, its a developing country with a lot of potential and since i'm from the United states, its like looking back in time trying to figure out what the next BOOM will be here.
After a couple of months of due diligence, i took a serious interest in human hair.
I observed that a 50 gram bundle of natural Brazilian or Indian hair retails between 2,000 to 3,000 pesos (45-68 US Dollars).
I started doing research online on the biggest exporters of human hair within the international markets. After i felt a little more empowered about what i learned about the hair industry I started contacting exporters for quotes & what i discovered was amazing.
If i bought directly from manufactures at modest wholesale prices & retailed at competitive prices, my profit margins would still be huge.
So i did a marketing run using facebook to test the market demand.
I created a facebook page to promote the 46 pieces of Brazilian hair i bought wholesale from my supplier.
I created an ad that basically said in spanish "5 packs of hair for 5,000 pesos" & only tagged 300 people out of the 2,100 friends iv been steadily adding.
The response was explosive. Out of the 300 tagged people, 44 of them turned into solid leads. That's a 15% conversion rate. And out of the 44 leads 32 of them actually wanted to buy but i only had bought enough packs for 9 people.
In 2 days i had sold 46,000 pesos ( US 1,022) worth of Brazilian hair.
I sold each pack for 1,000 pesos cheaper than the cheapest human hair on the market & still managed to profit 38.5% of total revenue. Amazing results.
After witnessing such explosive results i started doing even more research to better understand the hair market & industry as a whole here in the DR.
What i'm learning is amazing about this industry.
We're witnessing a huge opportunity to create a solid business & im looking for partners & investors that can get to where im at with my business plan.
If your interested please contact me:
Luis Espinosa
Iv been living in DR for about a year now attending the Universal Central del Este (UCE), a university here in San Pedro de Macoris. I'm working on getting Bachelors in business administration & accounting.
Aside from focusing on my studies, iv been spending time analyzing different commodity markets in search of economic opportunities. After all, its a developing country with a lot of potential and since i'm from the United states, its like looking back in time trying to figure out what the next BOOM will be here.
After a couple of months of due diligence, i took a serious interest in human hair.
I observed that a 50 gram bundle of natural Brazilian or Indian hair retails between 2,000 to 3,000 pesos (45-68 US Dollars).
I started doing research online on the biggest exporters of human hair within the international markets. After i felt a little more empowered about what i learned about the hair industry I started contacting exporters for quotes & what i discovered was amazing.
If i bought directly from manufactures at modest wholesale prices & retailed at competitive prices, my profit margins would still be huge.
So i did a marketing run using facebook to test the market demand.
I created a facebook page to promote the 46 pieces of Brazilian hair i bought wholesale from my supplier.
I created an ad that basically said in spanish "5 packs of hair for 5,000 pesos" & only tagged 300 people out of the 2,100 friends iv been steadily adding.
The response was explosive. Out of the 300 tagged people, 44 of them turned into solid leads. That's a 15% conversion rate. And out of the 44 leads 32 of them actually wanted to buy but i only had bought enough packs for 9 people.
In 2 days i had sold 46,000 pesos ( US 1,022) worth of Brazilian hair.
I sold each pack for 1,000 pesos cheaper than the cheapest human hair on the market & still managed to profit 38.5% of total revenue. Amazing results.
After witnessing such explosive results i started doing even more research to better understand the hair market & industry as a whole here in the DR.
What i'm learning is amazing about this industry.
We're witnessing a huge opportunity to create a solid business & im looking for partners & investors that can get to where im at with my business plan.
If your interested please contact me:
Luis Espinosa
