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Thread: BUSINESS IDEA FOR SANTO DOMINGO!

  1. #1
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    Cool BUSINESS IDEA FOR SANTO DOMINGO!

    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.

  2. #2
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    Given the right area... I like a laundry..

    Imported equipment... washer , dryer, ironing press
    You would be surprised at how many do not have dryers.....
    hence - no rainy day business

    Propane conversion to the dryers...
    faster & more economical

    Find a neighborhood in need... sin lavanderia
    I bet there are plenty

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  4. #3
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    Excuse me for asking but do you live in the DR?

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    Quote Originally Posted by frank recktenwald View Post
    Excuse me for asking but do you live in the DR?
    Yes.....SANTO DOMINGO.....

  6. #5
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    Quote Originally Posted by potus View Post
    Yes.....SANTO DOMINGO.....
    Well at least that's good.
    I assume you're American, do you speak Spanish?

  7. #6
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    I've been told by a Dominican-American who was in the business, that apartments are the only safe place in LRD to put your money.

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    Quote Originally Posted by frank recktenwald View Post
    Well at least that's good.
    I assume you're American, do you speak Spanish?
    Yes...and other languages....here for 14 years now.........
    Not USA Citizen though....lived in the USA for 18 years.

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    Quote Originally Posted by potus View Post
    Yes...and other languages....here for 14 years now.........
    Not USA Citizen though....lived in the USA for 18 years.
    That's good! May I ask what you do for a living? Are you looking for investing and just getting a return on it or do you want to invest and also work like selling products in the DR market? I ask since you looked at nails etc.

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    Quote Originally Posted by frank recktenwald View Post
    That's good! May I ask what you do for a living? Are you looking for investing and just getting a return on it or do you want to invest and also work like selling products in the DR market? I ask since you looked at nails etc.
    Either way is fine.....Nails was given as an example of what would not be of interest.

  11. #10
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    I suppose - thinking bigger

    you need an idea you could 'chain' - replicate in other cities, areas
    Sell the model to local entrepreneurs...

    Create a brand/image...

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