If you have no experience running a business in the so-called poor countries, care to share their inspiration, the ups and downs, etc? What other ideas do you have the entrepreneurial spirit in this place? Thank you.
What Are Some Good Entrepreneurship Ideas For An Urban Area In The Developing World?
July 12th, 2009 · 1 Comment · small business success tips
Tags: Area·Developing·Entrepreneurship·Good·Ideas·Some·Urban·What·World
1 response so far ↓
1 Ekamai // Jul 12, 2009 at 2:56 am
I may or may not have sold items in a poorer country. Items are cheaper in poorer countries. If you can reach the developing country customers by using the internet, while selling items from a poorer country, you have an advantage because #1, you read and type english so there is not much competition (for creating ads or website listings) if english is not the language of that country. #2 you are getting items at the cheapest possible price without having to export them all in bulk. You can export them as you sell each one.
Low Points: Culture Shock. Living in a developing country is a bit of a change if you are not used to it. I dont recommend someone try unless they have a genuine interest in that country, and are not going there just to make money.
Legalities. In most cases, countries will not allow you to make money there if you are not a citizen or do not have a business license. In most developing countries, it is very hard to get a business license and to be an “entrepreneur” or “self employed individual” is nearly impossible if you are to play by their rules. In order to get a business license, many of them require your present employer from your country to email a written letter to their immigration or visa office. This is impossible if you do not work for anybody who has interest in that country. In this case, you have to pay natives to do the work for you and instruct them on how to do everything. You can’t pick up one item or it will be illegal. This cuts into your profits a bit and may be borderline illegal in that country. But at the same time you are helping a person poorer than yourself so its a good deed no matter what.
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