Hey all,
Not sure if this is the right place to post this or ask these questions so bear with me here;
So my girlfriend is from Peru and on her last visit here the other week she was buying an iphone to sell back at home to a friend of hers to recoup the cost of the flight ticket because I guess iphones and tech of all kinds are F*** all expensive there, in fact one of the most expensive places in the world to purchase tech is in Peru. When she told me that she was going to essentially almost double that money back from re-selling and her friend was STILL gettting a solid homie hookup deal I didn't believe her until lo-and behold, I looked at pricing and it's about 60-120% more depending on what kind of tech you sell there. Not just Iphones, but 500 dollar ish labtops are going for 1200 ish and so on and so forth.
This got me thinking about some potential ideas regarding international business; specifically vending to latin america. From some surface level research it seems one of the reasons this is is because of high duty and import tax on these items and poor telecomunications infrastructure.
Aside from the taxes, what advice do you fine people here have on doing international trade specifically in Peru and other places in latin america? is there a way to get around the taxes and import duties? what would I have to do to become a successful international vender and offer tech at lower prices to solve the potential customers problems but still make decent profit on my end? does anyone have any experience doing something like this or vending internationally in general as a side hustle that could pass down a nugget of knowledge or two? I'm not very well versed in this topic and it would be cool to find a mentor or someone who has some wisdom to pass down in this area as I see a real opportunity here that doesn't get a lot of publicity.
Thanks in advance.
Not sure if this is the right place to post this or ask these questions so bear with me here;
So my girlfriend is from Peru and on her last visit here the other week she was buying an iphone to sell back at home to a friend of hers to recoup the cost of the flight ticket because I guess iphones and tech of all kinds are F*** all expensive there, in fact one of the most expensive places in the world to purchase tech is in Peru. When she told me that she was going to essentially almost double that money back from re-selling and her friend was STILL gettting a solid homie hookup deal I didn't believe her until lo-and behold, I looked at pricing and it's about 60-120% more depending on what kind of tech you sell there. Not just Iphones, but 500 dollar ish labtops are going for 1200 ish and so on and so forth.
This got me thinking about some potential ideas regarding international business; specifically vending to latin america. From some surface level research it seems one of the reasons this is is because of high duty and import tax on these items and poor telecomunications infrastructure.
Aside from the taxes, what advice do you fine people here have on doing international trade specifically in Peru and other places in latin america? is there a way to get around the taxes and import duties? what would I have to do to become a successful international vender and offer tech at lower prices to solve the potential customers problems but still make decent profit on my end? does anyone have any experience doing something like this or vending internationally in general as a side hustle that could pass down a nugget of knowledge or two? I'm not very well versed in this topic and it would be cool to find a mentor or someone who has some wisdom to pass down in this area as I see a real opportunity here that doesn't get a lot of publicity.
Thanks in advance.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs achieve reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circl, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
