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Thread: Best Business in the DR

  1. #31
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    Quote Originally Posted by lifeisgreat View Post
    Manufacture toilet seats that can’t be stolen



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  3. #32
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    Quote Originally Posted by melphis View Post
    A well organized operation and work as a madam. That could work here. Places like Bavaro and Sosua could probably benefit from a really well organized whore house.
    A suttle one. Not a dance club, or a raunchy bar but a quiet, clean operation.
    If I get bored this year look for it in Bavaro or Uvero Alto.
    There's already one that exists here on the North Coast. It's been here a long time. Very suttle. I should add that it's only for high rollers. It's $1,000 a night. Been in business longer than 10-yrs now.

  4. #33
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    Quote Originally Posted by JDJones View Post
    there is a big recycling community here for just about everything you can think of. They just happen to be very inconspicuous and do not want to draw attention to their operations.
    And therein lies the key to many successful businesses in the DR..........operating low key.........under the radar......in less than glamorous businesses.


    Respectfully,
    Playacaribe2

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  6. #34
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    play black jack i been killing the casinos here for 10 years

  7. #35
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    One would think there's not a single biz in the DR by reading these posts...


    There are plenty of businesses to invest into the DR which will make a good profit.

    * CNG engines for vehicles or motos.

    * CAD/CAM machining factory.

    * Large and Small home appliances manufacturing.

    * Commercial Appliances manufacturing.

    * Quartz/Marble/Stones Smith 5 Axis CAM

    * Metal Stamping manufacturing.

    * Vacuum Forming manufacturing.

    * TV/Movies props manufacturing/rental supply.

    * Recycling facilities.

    * Hardware manufacturing.

    * Fashion designer label/exports.

    * Leather goods manufacturing/exports.

    * Medical instruments manufacturing/exports.

    * Dry Vans/Flatbed manufacturing/local.

    * Forklift manufacturing local/exports.

    * Hurricane class prefab modular homes/buildings manufacturing local/exports.



    Just to list a few...

    Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well.

    The main problems faced by foreigners looking to create a business in the DR:

    Thinking that utilities are a given and the costs can be managed as other markets, wrong!
    Renting property for a business with medium to large investments, wrong!
    Using foreign top officers/managers for a DR business without at least 10 years in-country experience, wrong!
    Planning to rely on mostly import raw materials for goods manufacturing, wrong!
    Lacking a personnel in-house retraining program for long term benefits, wrong!
    Paying standard or low wages to employees, wrong!
    Etc...
    One Dominican at a time please!

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  9. #36
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    "Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well. "

    How to do so? Shares? Via Banco Popular for example?

  10. #37
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    Quote Originally Posted by caribmike View Post
    "Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well. "

    How to do so? Shares? Via Banco Popular for example?
    I did partnerships in all of the ones so far. Some people in my circles are better connected to some areas of interest than me alone.

    The recycling biz has been above projections. We are only pausing due to the time it takes to have the equipment manufactured and shipped to the DR. It's not so easy to expand on demand with it. More like expanding when your capacity is tolled beyond catching up. Also we needed to secure some transfer of technology rights in order to fit our needs. Easier said than done...

    The thing is others might have more experience and knowledge than you in some fields, worth investing on. So sharing the cost of investment and funds to keep the biz going until it clicks on all 8 cylinders, is easier than going at it alone. Less risk as well.

    The returns are proportional to the initial and projected investments made. Invest little, see little returns.

    For the DR market, the need to be "Compact" can't be reiterated any lesser. This ain't Kansas!

    Three keys to keep your brain on: Energy/utilities, logistics, supplies...

    Logistics can break havoc in your biz here in the DR with relative constancy. You have to make your logistics from the ground up! What works say for SD, will not necessarily work for the south or the north of the DR...

    Transportation is an ever changing Tango. It can literally bring your biz to a halt.

    Energy/utilities are something you must consider with big numbers long term. Backup is the regular services, so to speak. Your matrix needs to be considerably cheaper than the supply and redundant.

    We learned to hedge natural gas contracts for the long run here.

    There are many instances where you can make money by investing in the DR. After all, it's barely getting into medium manufacturing as of the date, by volume of industrial output.
    One Dominican at a time please!

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  12. #38
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    Quote Originally Posted by Cdn_Gringo View Post
    Secure the country wide distribution rights for fuel line magnet devices. You'll fit right into the business community mentality here and your competitors will have to get their product from you. Win/win.
    Best advice ever!!! Secure the country wide distribution rights for ANY PRODUCT. Be the manufacturer's representative. No out of pocket expense. Commission based plus salary if possible. No losses and only gains. Putting any money into a 3rd world country is gambling. There are too many variables to accurately assess and quantify where and when your losses will be.

    Factor in the intangibles and you have the perfect storm for disaster. The DR is highly disorganized, highly inefficient and corrupt to the extreme. Why operate in such a toxic environment? Add to the equation, crime. The theft, the robberies, the shakedowns makes for a nerve wracking experience. And all of this to earn fractions on investments that require wholes.

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