My present project, an exciting opportunity to invest in Latin America
Despite globalization, useful household items that are common in one country, can be totally unavailable in another. Oftentimes there are good reasons for that, such as climate and local customs, but once in a while, it just happens to be that no one thought of bringing this useful item to that particular country.
Such opportunities don’t come often, and you have a chance to benefit
Because of the sensitivity of the business it is impossible to publicly go into great detail. What I can disclose is that it is a household electronic devise, very popular in South-East Asia, with a retail price between $10 and $20. Almost every household, both rich and poor, has at least one. A comparable devise can be found in almost every Latin American household, but it is not nearly as effective. Prospective investors can contact me for more information.
The prime market is Panama, from which it is easily possible to expand into the rest of Latin America. We will only deal with Panamanian retailers large enough to buy and sell by bulk and take care of customs procedures.
Once we have a good partner for the Panamanian market, we set-up shop in the Colón Free Trade Zone, the second largest free zone in the world after Hong Kong. Over 246 multinational companies are located here, exporting their products tax free to all of Latin America. We will do the same.
The product is already being manufactured in China for albeit only suited for 220/230 volts rather than 110/120 volts which is the standard in most of (Latin) America. I will contact the manufacturer with the help of a good friend of my brother, a native Chinese fluent in English and Dutch and experienced businessman who has been exporting Chinese products to Europe for many years. To configure the product to 110 volts should take less than two weeks. Once it’s ready I will immediately travel to Panama and sell it. Total time-frame is six months to a year.
- Estimated purchase price per product: $5
- Estimated number of products that fit one 20ft container: 3,5001
- Price to fill one container @ $5 per product: $17,500
- Estimated selling price per product: $12,50 (retail $25)
- Estimated selling price per container: $43,750
- Cost of shipping one container from China to Panama: $20002
- Setting up offshore company: $2000
- Travel expenses flying to China and Panama: $5000
Investment & return:
$30,000 total at 15% annual interest.