- Thread starter potus
- Start date
BUSINESS IDEA FOR SANTO DOMINGO!
You have to do this on your PC online:
https://www.airbnb.com/host/homes?from_nav=1
Once done you can use the apps.
The phone apps are here:
https://www.airbnb.com/mobile?af=43...9TKEbjvh7ce8h6S7JVsWj7Zga-FSgMiRoCe9gQAvD_BwE
https://www.airbnb.com/host/homes?from_nav=1
Once done you can use the apps.
The phone apps are here:
https://www.airbnb.com/mobile?af=43...9TKEbjvh7ce8h6S7JVsWj7Zga-FSgMiRoCe9gQAvD_BwE
How about a Ponzi Scheme ? Seems to have worked for many others- High interest, suck in the investors then flee.
[Wet Blanket Alert]
If you look around at businesses started by expats that fail they violate one or more of the above. If you look at businesses started by expats that succeed they violate none of the above.
$60-70k is not even close enough to start any real, legit business in the DR. You would be buying yourself a poor-paying job that would eventually work you into the dirt with little satisfaction in life...unless you have considerable income coming from outside the country.
[/Wet Blanket]
I have often thought the expat community would be well-served by creating an association of expat entrepreneurs with regular meetings and communications to discuss the challenges of operating a business in the DR, understanding various regulatory changes as well as a voice in political decisions. One function could be an advisory service to those considering entering business in the DR. A lot of emotional and financial pain could be mitigated with such a service.
- Do not take advice from anyone who has never been in business successfully whether the DR or elsewhere. Their advice is worthless.
- Do not take advice from anyone who has never started a business in the DR, successful or not. I am referring to formal, tax-registered businesses, not some freelancer doing something for petty cash.
- Do not start a business that can be duplicated with modest capital or effort by a local. They WILL compete with you and grind you into a pulp on price, and they *will* outhustle you.
- Only start a business with significant barriers to entry, whether capital, specific and rare expertise or cultural.
- Do not start a business that depends on revenues coming from the local economy, whether tourists, expats or Dominicans, unless the product is extremely rare or you have great expertise.
- To think there is some niche that locals have not figured out is to be woefully naive.
- Do not invest a peso into any business run by someone else without a verifiable track record of both success and honesty.
- Never start a business because some local says it would work.
- Never start a business that has significant debt that you cannot personally afford.
- Never start a business that is seasonal unless you can pull the plug on all costs during the off-season.
- Never start a business without 3 x the expected start-up costs in the bank, and do not touch that stash for personal needs.
- Never start a business that depends on a "Key Man" for success.
- Never start a business without sole signature authority on the bank account.
- Never start a business in the DR if you have any addiction issues, whether women, drugs or alcohol. You need clear thinking 24/7/365 without distractions.
If you look around at businesses started by expats that fail they violate one or more of the above. If you look at businesses started by expats that succeed they violate none of the above.
$60-70k is not even close enough to start any real, legit business in the DR. You would be buying yourself a poor-paying job that would eventually work you into the dirt with little satisfaction in life...unless you have considerable income coming from outside the country.
[/Wet Blanket]
I have often thought the expat community would be well-served by creating an association of expat entrepreneurs with regular meetings and communications to discuss the challenges of operating a business in the DR, understanding various regulatory changes as well as a voice in political decisions. One function could be an advisory service to those considering entering business in the DR. A lot of emotional and financial pain could be mitigated with such a service.
It was discussed here on DR1 a while back that it had become the law that all cars on the road had to carry a first aid kit and a fire extinguisher. And the fact that such were not readily available. Find what need to be in such kits, sell them thru used car dealers, and the big grocery chains as well as here on DR1 and other internet sites. Maybe even have kids at the street corners competing for space with the windshield washing fools.
Cannot cost a whole lot to get up and going and no need to have a huge inventory. Maybe toss in a tire pump that runs off the old cigarette lighter. Print the package in English as well as Espanol.
That is my free idea.
Der Fish
Not sure what AirBnB charges but most operators book subsequent visits themselves without Air BnB.
Not fair to Air BnB but that is the routine. Book direct and save...... thats the way the cookie crumbles in the BnB business.
I have a middle class friend in SD who hires a Haitian woman to cook, clean and wash/iron her family's clothes. Just sayin'.
We in my area are watching one start....
Seems good
The idea of hiring in feasible but beyond the reach of many
Working women here are still working women and would rather not grunt on their days off.
Same day service is rare in these parts......this place has it.
Vamos a ver.......
Seems good
The idea of hiring in feasible but beyond the reach of many
Working women here are still working women and would rather not grunt on their days off.
Same day service is rare in these parts......this place has it.
Vamos a ver.......