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Thread: BUSINESS IDEA FOR SANTO DOMINGO!

  1. #11
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    Quote Originally Posted by potus View Post
    Either way is fine.....Nails was given as an example of what would not be of interest.
    RULE number one...

    do NOT consider doing anything a Dominican can copy with success. the minute it starts to gain traction, 90 guys on your street will be opening the same business.

    a year ago, you could see people selling used clothes and sneakers in the flea market. today, every other person in Puerto Plata has them hanging in the front yard.

  2. #12
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    I have access to products (supplements) they would not be able to copy (well at least not too many... ) and I can have the exclusive distribution rights for the DR for them.

    This would work for direct sell to supermarkets etc., or something like WW mentioned. Yet, I did not do a lot of research yet to figure all this out, like customs (ugh), permissions etc. but it is a good brand sold on Amazon Europe (I manage the shop ).

  3. #13
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    Default To leave the Dr with 1 million, bring 2

    Quote Originally Posted by potus View Post
    BUSINESS IDEA FOR SANTO DOMINGO!

    Good day all!
    My biz partner and I closed a biz transaction and will be receiving 100K each this week. He is in the Philippines and he will invest in 2 small type businesses.
    I will have approx. USD$60,000 to 70,000 to invest in Santo Domingo.
    (Hair, Nails, Bodega, Liquor are not very interesting to us).
    I was thinking very hard about a small AIRBNB unit....but that price might be a bit to low, considering also one has to furnish the place and put AC units.
    Any ideas that would assist here would be very welcome.....But, only clean and nice businesses...no money lending or funny stuff.

    Thank you for your input in advance.
    Hi, there is a saying; If you want to leave the DR with a million, come with 2.
    If you compare the total amount you have available to the income of a average Dominican, it seems high. To be honest; to open a decent business that generates enough $ to "feed" 2 Gringos; 160K is nothing. First of all; you need enough money on the side to operate the business for 2 years without having one costumer for the entire period. Why is this !? Nobody is waiting for your Business !!! There is absolutely nothing that doesn't already exist several times.
    So you need to grow your Business and this is extremely slow here. The only advise i will give you is; look for something that generates Cash. As less credit card payments as possible and zero Official invoices. If you start paying tax on every sale you make, you never make it.
    Good Luck

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  5. #14
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    Every item that is food or food related or comes in direct contact with the skin, does require a sanitary permit.
    Calculate 2-3 k per item. Supermarkets pay after 90 days. You have to supply them with your goods for 3 month until your first invoice get's paid. Supplying to supermarkets is for millionaires.

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  7. #15
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    Quote Originally Posted by Manuel01 View Post
    Hi, there is a saying; If you want to leave the DR with a million, come with 2.
    If you compare the total amount you have available to the income of a average Dominican, it seems high. To be honest; to open a decent business that generates enough $ to "feed" 2 Gringos; 160K is nothing. First of all; you need enough money on the side to operate the business for 2 years without having one costumer for the entire period. Why is this !? Nobody is waiting for your Business !!! There is absolutely nothing that doesn't already exist several times.
    So you need to grow your Business and this is extremely slow here. The only advise i will give you is; look for something that generates Cash. As less credit card payments as possible and zero Official invoices. If you start paying tax on every sale you make, you never make it.
    Good Luck
    I would suggest a business where you import customer revenue.

  8. #16
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    Looking at a big picture -

    The good thing about Dominicans being poor is they can't start up against something that needs a bit of capital.
    That in itself is some protection.

    The idea of a business they need is a key one.
    Laundry is what I came up with - they are a clean bunch - have no dryers.

    Capital costs of entry exist - but not onerous... protection from competition.

    They love the LG, Samsung et al washing machines.
    A dryer (propane) pops their eyes open.
    They have no idea what a dryer dried towel feels like.....

    I sure as hell know what a line dried towel scrapes like.

    Opening special promotion idea -
    free towel drying - 1 per customer

    Food is death in all countries - IMO.... too much oversight/restrictions

    Question is a fun one
    Whether anything will come of it .... another matter.

    I lived in a college town once - alundry heaven.

    One smart operator combined a pool hall, bar and laundry
    With pick-up & drop-off... customers and laundry
    No drunks on the road - fed and watered them , drove them home.

    In the USA, Maytag will set you up.... cookie cutter deals... not franchised
    just equipment sales

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  10. #17
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    You want to make a lot of money (mostly cash) open a miniature golf course. Everyone can play. Lots of people with discretionary income in the Capital looking for something to do.

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  12. #18
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    Quote Originally Posted by Golfer View Post
    You want to make a lot of money (mostly cash) open a miniature golf course. Everyone can play. Lots of people with discretionary income in the Capital looking for something to do.
    I could imagine the lot needed for this would crush the budget seeing the prices for solares en Santo Domingo...

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  14. #19
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    Default Helloooo you where in the DR ???

    Quote Originally Posted by william webster View Post
    Looking at a big picture -

    The good thing about Dominicans being poor is they can't start up against something that needs a bit of capital.
    That in itself is some protection.

    The idea of a business they need is a key one.
    Laundry is what I came up with - they are a clean bunch - have no dryers.

    Capital costs of entry exist - but not onerous... protection from competition.

    They love the LG, Samsung et al washing machines.
    A dryer (propane) pops their eyes open.
    They have no idea what a dryer dried towel feels like.....

    I sure as hell know what a line dried towel scrapes like.

    Opening special promotion idea -
    free towel drying - 1 per customer

    Food is death in all countries - IMO.... too much oversight/restrictions

    Question is a fun one
    Whether anything will come of it .... another matter.

    I lived in a college town once - alundry heaven.

    One smart operator combined a pool hall, bar and laundry
    With pick-up & drop-off... customers and laundry
    No drunks on the road - fed and watered them , drove them home.

    In the USA, Maytag will set you up.... cookie cutter deals... not franchised
    just equipment sales
    There are tens of thousands of locals that are so loaded with cash that you can't even imagine. But i do have to support your idea about washing and dry cleaning to 100%, There are very few and the ones that exist are extremely expensive. Only downside; you need a good location at least for the collection spot. And good locations cost a lot of money.

  15. #20
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    Oh I know about the RICH crowd...

    Laundry is beneath them - IMO... too pedestrian

    Pedestrian is what we need

    Any retail, needs a location....

    As to your headline...
    I live in Cabrera on the North Coast

    I overlook the oldest lighthouse in the New World

    Many of those 'Ricos' have never seen this part of their country
    That's another story which I have posted before

    But there are 'underground' ricos here.... almost invisible until they stand on their stash.

    I would lose a money stacking contest every time...

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