[bhawthorne]

I have some friends who are originally from various developing countries (specifically Ghana, Laos, Myanmar, Latvia, Ukraine).

I'm trying to think of ways to combine my business/finance experience with my friends' contacts in those countries to potentially start a side business with them.

I obviously haven't posted much here, but I've read this forum for a long time, and I know a lot of you have done things like this before.

Which of the following makes more sense?
1. Try to import goods into those countries (example, luxury goods to wealthy individuals in those countries). I'm sure there are certain items that wealthy individuals in these countries would appreciate, but can't easily get their hands on.
2. Try to export goods/services from those countries. For example, understand what those countries do best (cheap labor, certain natural resources, etc.) and sell those goods and services to people/companies back here in the US and other developed nations?

Any thoughts are appreciated.

[Vacancier Permanent]

Just one word: go to China and you'll figure out the rest once you get there...

[germanico]

Newest trend in RooshV forum: the Developing Countries Troll.

[bhawthorne]

(12-06-2012 07:15 PM)germanico Wrote:  

Newest trend in RooshV forum: the Developing Countries Troll.

Thanks for the warm welcome and valuable insight. With members like you, it's a surprise this forum isn't more active.

[elabayarde]

Yeah.. I was in Guangzhou China last year, on an internship dealing with international trade. What are you interested in doing?

[Vacancier Permanent]

Elayabarde,
I'd love to hear more about your experiences in GZ in that internship you did there. Would be awesome!

Cheers compadre!

[Beyond Borders]

There's a great download about starting a business doing something like this in the first post on this thread: http://www.rooshvforum.network/thread-3976.html

I printed it out myself and took notes. Solid info.

[maccc]

(12-06-2012 02:56 PM)bhawthorne Wrote:  

1. Try to import goods into those countries (example, luxury goods to wealthy individuals in those countries). I'm sure there are certain items that wealthy individuals in these countries would appreciate, but can't easily get their hands on.

Finding that out is the hardest part. Sourcing it is easy.

[bhawthorne]

Great, thanks a lot for your replies. Looks like I'll read the guide that Beyond Borders posted and see where that takes me. Maybe that will spark some more specific questions.