Best Business for Dominicana

NALs

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I was wondering which business of type of business would have a chance (however slim it might be) to become a huge success in the Dominican. The type of business could be anything from hotels, bars, sports bars, etc. to bordellos or brothels, distributors of merchandise, clothing stores, etc. I am just wondering which type of business would have a chance at success either along the Amber Coast (i.e. Puerto Plata area) and/or Santo Domingo, and why? Thank You in advance to all of you that do try to answer my question.
 

Fulano

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Jan 31, 2002
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A Gas Station.

The company that I work for owns quite a few of them. They make good money even in slow times. Downside: need a lot of money to buy one.
 

Tony C

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Nal0whs said:
I was wondering which business of type of business would have a chance (however slim it might be) to become a huge success in the Dominican.

The Dominican what? A Dominican Monastery? Here in Miami I live a few blocks from the Dominican Retreat House.

If you mean the Dominican REPUBLIC then I have a few suggestions for sure fire businesses.

Open a Church or a Brothel. Both are sure money makers by screwing the clientel!
 

Chirimoya

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Dec 9, 2002
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It's been said before, but

Selling back-up generators and inverters, especially at the moment.

Chiri
 

Hillbilly

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Jan 1, 2002
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Motels, new religions, gas stations

All are good businesses

For years i have dreamed of starting a full service retirement home or facility. For wealthy Dominicans or whoever can pay for the luxury. there is no such facility here, and the demand is great.
the very wealthy have no place to have their parents (Who are living longer than ever before) retire with dignity and real comfort, and above all, security....
Figure that there are a few hundred multi, multi millionaire families in Santo Domingo alone.....

think on that...

HB
 

BushBaby

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Not surprised you are thinkinh along those lines Robert - you are so much OLDER than the rest of us!!! Not necessarily more grown up ..... just OLDER!!!

This idea is presently under consideration & going forward to planning stage here in Puerto Plata. Anyone with about US $1 Mill to invest could drop me a line & we could talk returns that might be available. Either that or we could reserve a bed or two for you for when it is actually built & functional.

We'll save the little room at the back for you Robert - Alberto is insistent upon looking after you for some reason!! - Grahame.
 

suarezn

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Feb 3, 2002
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HB: The downside to that idea is that Dominicans are naturally inclined to NOT want to put their parents in a home. It's seen as uncaring and against dominican family values. The other thing is that since labor is so cheap it is a lot easier and cheaper to pay for someone to personally take care of their elder at their own homes. For instance I paid a lady to care for my grandma fulltime at her house. I would have never put her in a retirement home. Of course the very wealthy may think different...You never know untill you try it.
 

NALs

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Jan 20, 2003
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Thats an interesting idea, a home for the elderly. The way to make dominicans feel "safer" sending their elderly parents to a home is if the retirement home company offers an incentive. Maybe, bring your parents for 15 days and if they (the parents and sons/daughters) are not completely satisfied, a partial refund will be given. The key to success in such business with such incentive is to make the customer as happy and comfortable as possible. It might be easier said than done, but "doable". About the church or brothel thing. I am all for a brothel. My philosophy is that Capitalism offers everything and the people chose if its moral or not WITH THEIR MONEY. A brothel will do very well, especially if you "import" beauty queens/kings (business is more profitable if targeted to men, women, gays, and lesbians too) from around the globe, to give some variation. Add to that a very nice locale and a "dirty" gift shop to be opened nationwide, some advertisement abroad, and breaking a deal with some hotels to accomodate your foreign customers with "extra care" and bang, the money downpour will start to fall!!! Like I said, personally I think brothels are very inmoral, but then again, I don't believe that other people should be restricted from patronizing such business based on MY BELIEFS. Now, about that church thing, that is a bit too much. I could create some serious hatred towards you by the local dominicans. I also wonder how well would Helados Bon or Pollo Rey would do on an international level. Imagine, every major city and country sprinkled with Helados Bon joints. I think there is alot of potential not being maximized or realized by dominicans poor or rich.
 

Robert

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Jan 2, 1999
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For a company like Helados Bon to break into a market like the USA requires massive amounts of investment.

Plus you also have to deal with the restrictive and protectionism practices of the US. Milk quoters?

I think you will find that they have tried to break into a natural market like New York with limited success.

It's just not that easy...
 

NALs

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I understand that issue about entering into a market as the US. But Helados Bon can always play with the US rules. Instead of importing anything into the US, always use US products to create the ice creams etc. Start to enter in the "Sun Belt Metropolis" such as Miami, Las Vegas, and San Diego, cities with lots of tourist traffic, warm weather, and a large latin community. Latins have a tendency of patronizing companies of "their own kind". Then, if those areas becomes very profitable, expanding nationwide by Helados Bon purchasing franchising permits and doing what Mc.D's does, franchise the rest. Besides, if the US fails, that doesn't means that Europe, or the rest of Latin America will also fail. This is a big planet riddle with opportunities. American CEOs have seen that for years (thus their success to spread their companies globally) and I think dominicans should follow the American footsteps.
 

suarezn

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Nal0whs: You also have to be a little realistic. I mean how do you think that Helados Bon could compete with the likes of Baskin Robbins, Ben and jerry's or even Dairy Queen? We're talking about deep pockets here (In USD)...
 

Robert

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Nal0whs said:
I understand that issue about entering into a market as the US. But Helados Bon can always play with the US rules. Instead of importing anything into the US, always use US products to create the ice creams etc. Start to enter in the "Sun Belt Metropolis" such as Miami, Las Vegas, and San Diego, cities with lots of tourist traffic, warm weather, and a large latin community. Latins have a tendency of patronizing companies of "their own kind". Then, if those areas becomes very profitable, expanding nationwide by Helados Bon purchasing franchising permits and doing what Mc.D's does, franchise the rest. Besides, if the US fails, that doesn't means that Europe, or the rest of Latin America will also fail. This is a big planet riddle with opportunities. American CEOs have seen that for years (thus their success to spread their companies globally) and I think dominicans should follow the American footsteps.

Trust me, they have worked on this. It takes very deep pockets and it just ain't that easy. Exporting an idea from the US is one thing, importing one is a very different story.

Plus, you better make sure you have your local market in order, so you can pump a fortune introducing yourself into a new one.

Think Presidente. I wonder what % of beer drunk by US Latinos is a local brand as opposed to an imported Latin brand?
My guess would be that the imported brands hardly make a blip on the numbers. I wonder why...
 

NALs

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People people, don't take it literally. I did said I was WONDERING. When I wonder, I am thinking in a semi-realistic way. If I was going to act based on my WONDERING, trust me, I will dig up every bit of info I will need to make a success out of it and the unrealistic part of that wondering will be completely eliminated. Trust me, I make sure I have all the info before my money is down. However, I really think Helados Bon (being used here as an example, of course) could make it abroad. I am not saying that it will be easy or a sure thing. If Helados Bon was really desparate to make it abroad, they would have gone at all lengths. At least I would have tryed everything possible. Even partnering up with some American enterprisers or corporations to help make this thing work! But it is possible to be done alone. Brugal has been a success in Italy and Spain. The company is now trying to enter the US and from what I am seeing, it's beginning to catch on.