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  1. #51
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    Quote Originally Posted by meregirl View Post
    I will have to bow to your expertise on this as I am not very well versed in DR biz. It seems strange to me but then again I am American and this would not be the first thing DR related that I am confused about.
    There's no expertise about anything, just the regular way of life for people in the DR as we know it. That accounts for how biz are conducted here for the most part. Those that learn the way, are the ones that become established firmly in the country.

    When Robert (Cobraboy, MotoCaribe) learns to tap into that Dominican vein in biz, he will enjoy an unprecedented biz security and growth/expansion beyond his wildest expectations for the biz model he envisioned on the genesis of his venture.
    One Dominican at a time please!


  2. #52
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    Quote Originally Posted by PICHARDO View Post
    I don't know if you noticed it already (I mean since you say you LIVE here in the DR) but the DR is evolving all around. The old colmados are going away being replaced by specialty stores. Old marketas are being demolished in favor or large hypermarkets. The small independent store operators are abandoning the single premise structures in favor or the shopping centers, etc...
    I see the megastores and parking lots FULL of cars. I see very few people though buying food in larger than 3000 pesos purchases.

    That change is what created the need (in the mind of those behind that unnecessary space as you claim) for that big space around, since once built, it would be very hard to keep expanding as demand peaks later. Will demand peak? Given the growth of the DR economy is the most likely thing to happen. The diversification has to do more with the culture than what you think is development of biz characteristics. Unlike in the U.S. and Puerto Rico *where you come from, Dominicans have a special fidelity bond to these niches on the biz market. Again, it's a Dominican thing you can't grasp even if you wanted to...
    Bullsh!t.

    Dominicans think very long term, more than the usual biz people from abroad would dare plan and project into the future for...
    Hahahahahahahaha! That is Elephant Sh!t. Who believes that? Think long term or Dream long term? Which is more accurate?
    In 20 years the mall will be packed with people, buying, shopping and enjoying. In 20 years Terra Mall will be obsolete replaced by a bigger, grander, more ostentatious mall with 7 floors and a water fountain AND moving sidewalk built outside city limits, still with less than 20% occupancy. But according to you there will be a steadfastly strong Dominican middle class who will show up in their laser cars to buy Louis Vuitton bags, Citizen watches and Kraft Macaroni and Cheese by the ton.


    Why can't people in Santo Domingo pay the fares as of today according to you, when in fact the Metro is cheaper for a many than having to take several forms of transport and a big wasted of their time in the way to that. Over 117,000 daily average ridership speaks differently about the Metro than your numbers... The real fare for the Metro once all lines are integrated and the feeder system is in place will be RD$35 pesos for two sectors/links, RD$40 for 3 or more sectors/links. Waaaaaaaaaay cheaper than what they pay today in the same routes and at superb time savings!

    Unlike what you keep posting around, the Metro is a public infrastructure that will service the Metro Area and beyond of SD, and serve as the link for the future Santiago - SD Fast speed train service between the two cities. The two most populated/developed cities in the DR...
    Yep, just like those busses from Brazil right?

  3. #53
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    Quote Originally Posted by PICHARDO View Post
    When Robert (Cobraboy, MotoCaribe) learns to tap into that Dominican vein in biz, he will enjoy an unprecedented biz security and growth/expansion beyond his wildest expectations for the biz model he envisioned on the genesis of his venture.
    I hereby appoint you as an official commissioned sales agent.

    Go for it!

  4. #54
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    Quote Originally Posted by cobraboy View Post
    I hereby appoint you as an official commissioned sales agent.

    Go for it!

    OK! So we have our first confirmed attendee to the "DR1 Dominican Biz 101 seminar" to be conducted in Santiago soon!
    One Dominican at a time please!


  5. #55
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    PICHARDO, if you REALLY conduct a seminar I will attend... I sometimes think you live in a futuristic "wanna-be" society (whereas such society would not necessarily be bad) but that is quite detached from the reality,...BUT maybe after meeting you I will change the opinion.

  6. #56
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    I somewhat disagree with my friend PICHARDO.

    Dominican business is not really different than anywhere else. GAP is the same here as elsewhere, debits and credits don't change. Tax laws are variable, but net taxation in the DR is very high in relationship to GDP.

    You form and capitalize a corporation that creates a beginning balance sheet. You sell a product or service to generate revenue, you have direct costs associated with that revenue, G&A expenses to cover with the gross profit and taxes to charge/withhold and pay. Frankly, many costs are very high and often are not mitigated with cheaper labor.

    Investors have an expected ROI. The only possible variable may be what the expected ROI is and how the product/service is marketed.

    Sorry, when it comes to the nuts and bolts of business, it's no different in the DR than elsewhere...except for the propensity to cheat on the high tax level. If a company doesn't pay ITIBIS (16%) and doesn't record employees and pay the various employment taxes (14% + not paying the employee withholding of 5.91%) maybe a better return is possible. But they have to cheat to do it.

    Sorry. Unless the rent on the 25% occupied spaces is ridiculously high, or the investors "plan" to lose $$$ (), that mall is a cash black hole.

  7. #57
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    The whole perception line is BS. A dead mall, is a dead mall, why do Dominicans see it different to the rest of the planet? Much of what PICHARDO posts about is true, but just not reality or based on actually doing it.

    When I have more time, I will post my 12+ years of experience at selling tourism products and services in the DR, to the local and expat market.

  8. #58
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    Quote Originally Posted by Robert View Post
    The whole perception line is BS. A dead mall, is a dead mall, why do Dominicans see it different to the rest of the planet? Much of what PICHARDO posts about is true, but just not reality or based on actually doing it.

    When I have more time, I will post my 12+ years of experience at selling tourism products and services in the DR, to the local and expat market.
    Ok so if the whole perception line is BS, then how come (again taking Cobraboy biz as example) just like I described, Robert runs his biz from the home office? How about if and when he decides to seek expansion by a brick and mortar presence beyond the home office (as I pressed him to do) and into a store?

    What happens then? Did Robert's home office biz disappear all the sudden after that? Does the store/kiosk presence in Terra Mall (hypothetical) negates the income from his off store operations all the sudden? Does not having an extra exposure in a Mall bring in new clients that were not there before to begin with?

    Just like Office Depot... How long was Office Depot running from a cubicle in SD before the first store opened up? Does that store translates in all their previous clients and sales declining based on foot traffic there?

    Just like NanaKira ( see http://www.dr1.com/forums/dr-photo-w...clubs-etc.html ) got started in a home office and then moved into a new place. Did all their base clients go up in smoke because the foot traffic in the new store is only 3 or 5 clients a day at best?

    Or how about DR1? Did a website all the sudden went downhill once you moved your home office into your new digs?

    Did el Carrito de Marchena start up as it is today and now when moved into the Puerta del Sol, all went kaput after that, based on foot traffic? *Whom btw is at my old friend's home in kissimmee today visiting with his family and I'll be showing all the nonsense here posted to get his take on this. I'm sure he'll laugh his rear off...

    Did Grupo Pichardo lose all our income once we invested overseas?

    I got my start from a small office room in my late father's rent-a-car, years later I have investments not only in 15 national market sectors, but overseas as well... Did the first biz I create in that office go away all the sudden when I move into the first store?


    So you're saying that all markets are the same no matter where in the world? Tell that to American big biz trying hard to see why they keep falling from their seats in China or Japan or Korea or Mexico or Brasil or ...

    If all markets were the same treat, we wouldn't have a need for partnerships in global biz.

    An American dead Mall is not equal to a Dominican dead Mall by any comparable margins Robert! They are not based on the same market B2B synergies found here. You can't even start to compare head to head what becoming an anchor store for a Mall in the DR is as you do in the U.S./U.K./CA, etc...


    Cobraboy said: Dominican business is not really different than anywhere else. GAP is the same here as elsewhere, debits and credits don't change. Tax laws are variable, but net taxation in the DR is very high in relationship to GDP."

    I beg to differ...

    Dominican biz are nothing alike or close to how you carry out a biz in the other markets like the U.S/U.K./CA, etc...

    In the DR you open up a supermarket *any type*, stocked it up to the max and open the doors. The very next week prices jump in your inventory supply chain but your sales are figured at the markup based on the old prices. So now you sold 10,000 items that cost you 10,000 pesos to stock up last week and the new inventory calls for a major increase above that. Where do you think that money is going to come from?

    Cobra and Robert are two fine examples of how biz start in the DR and how the grow out (well in this case we're waiting for Cobra to take a leap of faith and expand his horizon and client base a bit). How they're able to open up a shop later in a real store and be happy that two or three clients walked in.

    Ask Pepin Corripio how his biz got started in the DR... The Lama, etc...

    In the DR biz won't come to you on foot traffic, it's you who must drive them all the way to you from their homes.
    One Dominican at a time please!


  9. #59
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    Note to self: Add DR1 Robert as second attendee to seminar...
    One Dominican at a time please!


  10. #60
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    Sometimes external factors can have a massive influence on your business.

    Tourism has been devastated in the past 5 years in the DR, just like many parts of the world.
    Take it from us and many other smaller players that have seen sales volume drop.
    We have seen a drop in sales, primarily due to businesses going out of business, not cutting back, big difference!

    Sales in the DR are based primarily on relationship and a distant second through media buys based on "actual" numbers, knowledge, demographics etc.

    I have lost count the number of ridiculous decisions made by local businesses when it comes to online advertising. Especially when you get into new client acquisition, retention, ROI etc. The very few that get it are cleaning up, the majority are clueless.
    Most local agencies have limited knowledge, but will charge as if they are experts. Ignorance is bliss

    This is a VERY immature market when it comes to online, light years behind the USA. The upside is the opportunity to educate and train companies on how to do it right, based on the "real" world, as opposed to their primo that bummed his way through "Chavon", has a Facebook page and now assumes he's an expert.

    If you want to make money, offer real training, charge $$$, Dominicans will eat this up.

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