[GET] [Update - Ver. 2 ] Instant Money Maker - How I Make Over $100 Per Day Easily!

[chuckles]

(02-08-2014 01:06 PM)christophergrapes Wrote:  Quasar ,

Let me take a crack at guessing the best under utilized market for using
Ebay arbtrage.

I think its Russia, i have dealt with russian buyers before. And one of my
Biggest buyer is based in sochi.

When the owner of this firm visits my company, everytime i mean everytime
He shows and flaunts his wealth around. Always looking for the most expensive
Things, girls, foods , hotel etc..

This guy says that theres so much money in russia now due to
Its oil business.

Yeah, Russia would be my next guess too.
I'm hoping it's not since the cyrillic alphabet intimidates me more than the Chinese characters.
I suppose it's really the same communication barrier like the the other markets, and it can be overcome.
cheers

[Quasar]

Trick question guys - sorta.

(And yes, Russia is a top 5 market too, but this one eclipses all of them.) But selling in Russia comes with as much baggage as doing business in China or India - maybe even more. And it is just barely in the top five - you almost have to add the Ukraine to consider it a top choice.

If you read my posts, I never mentioned Ebay, Amazon or any other site.

I said most under-served and most upside. It also isn't a country, but that was what you all thought, right?

Or is it?

Quick!

Name 5 countries in

AFRICA!

No one talks about the "countries" making up Africa - Africa is simply "Africa." (Many Africans are offended by this too.)

This is the forgotten hole in the earth. NO ONE talks about or wants to sell stuff in Africa!

Only it the second largest continent and has well over one billion people.

Yet all the images we see are all like this one or worse:

All the media does is talk about famine, disease, war, genocide, etc.

Let's face it - the media thrives on delivering blood and guts, and death to all of us. This implants images and thinking that has most believing there could not be people with money here.

Right?

That is a really dumb supposition.

I have studied this market and the opportunities are incredible. The people here want the good things we all enjoy.

BUT

They all NEED the things that are taken for granted. Items like:

Shoes, cosmetics, hygiene items, small technology items, etc. (The list includes virtually anything you can think of.)

How about marketing information? (They desperately want to know how to market and sell their stuff!)

This is the textbook definition of a starving market! (No pun intended) There are desperate pockets of average and well-to-do people that will pay small fortunes just to get the most basic things we use.

And nearly NO providers to speak of - there is a nearly non-existent fulfillment mechanism.

I've done the demographic studies and market analyses already. Only, I am just not willing to take on such a massive undertaking. I already work harder than any two people I know - and I am semi-retired!

The barriers are just as prevalent here as they are in any of the top 5 markets.

It is a logistical and delivery nightmare - until you apply a variation of arbitrage.

You apply an arbitrage model to the problem to solve perceived or real problems. The biggest trick is to sell there without actually being there. (I am convinced it can be done.)

This is why I mention arbitrage and brokering to this market. You don't need to be smart or have superior marketing skills. These customers will buy any good Western products you can put in front of them.

AND THEY PAY CASH - HARD CURRENCY! Few have credit or credit cards.

There is no other market you can sell so many badly needed ORDINARY items to people that have money to spend. You only need to know or find where the pockets of rabid buyers are.

Who knows? I may sell the marketing plans I have researched so far for a million bucks. (They are worth lots more than that!)

And again, it is an arbitrage solution that will work best here. Controlling the goods and bringing them to a market that will consistently buy merchandise with cost multiples - not big margins, but several times cost of goods!

And forming a delivery process where a native is responsible for distribution. Instead of shipping source-to-consumer, you ship from source-to-delivery and fulfillment point.

Anyway, it was interesting to see what you thought. I predicted most of you would choose all the markets except Brazil - most don't see that one.

One of the most interesting things I found was a very good thing. IF you treat these people right, they will buy from you forever! They won't even consider other brands, sources, etc.

There is nothing as sweet as having passionately loyal, rabid buyers for consumable products that will buy from you over and over and over!

[fjohnson59]

Quasar,

Africa never seems to cross your mind in regards to being a land of opportunity for marketers in the Western hemisphere. It is a vast continent with masses of people ... and lots of resources. It's definitely worth taking a look at and considering (or adding to the marketing plan).

It looks like you have been doing your research on the continent (or just using your head and seeing what others miss or overlooks). Having a native act as the middleman for shipping purposes would be ideal. Finding someone who is reputable and trustworthy may be challenging. Unless you already have a personal relationship with an IMer who lives in one of those regions where you have rabid buyers with deep pockets. If the lack of credit cards or access to PayPal is an issue and cash will be exchanging hands, you must have the right person in place to handle those transactions.

If there's anyone here on BBHF who is currently doing business in Africa, please chime in on how things are working out for you?

Africa is definitely worth checking out. Forcing us to think about these things and think on this level is refreshing. It helps us become better marketers. Thank you!

You've been +REPPED!

Fred

[Quasar]

(02-08-2014 05:02 PM)fjohnson59 Wrote:  Quasar,

Africa never seems to cross your mind in regards to being a land of opportunity for marketers in the Western hemisphere. It is a vast continent with masses of people ... and lots of resources. It's definitely worth taking a look at and considering (or adding to the marketing plan).

It looks like you have been doing your research on the continent (or just using your head and seeing what others miss or overlooks). Having a native act as the middleman for shipping purposes would be ideal. Finding someone who is reputable and trustworthy may be challenging. Unless you already have a personal relationship with an IMer who lives in one of those regions where you have rabid buyers with deep pockets. If the lack of credit cards or access to PayPal is an issue and cash will be exchanging hands, you must have the right person in place to handle those transactions.

If there's anyone here on BBHF who is currently doing business in Africa, please chime in on how things are working out for you?

Africa is definitely worth checking out. Forcing us to think about these things and think on this level is refreshing. It helps us become better marketers. Thank you!

You've been +REPPED!

Fred

I try not to overlook anything Fred.

I know there are African members here. I don't see many posting, but they are around.

The real issues with anyone doing business in Africa are knowing where the pockets of people are that are desperate for what we have. Then setting up the logistical process for order fulfillment. Home delivery is not even a consideration.

I've already done the demographic homework and have lists of products too.

There is no PayPal or electronic payments system, but the Africans have a unique way of being able to pay cash and get what they need or want. This was an early issue, but I have solved that one already.

As in any market, you have to do business the way the natives are used to doing it.

The person or organization you setup there will work as long as you keep a solid system of checks and balances in place. There are willing and reputable brokers already, and reputations for these agents can be found easily.

Few IMers are going to be commonplace here. Dial-up access is the norm and high speed Internet is rare, which actually isn't a problem since you need to keep things simple anyway.

Who says I want an IMer?

I would want someone to handle the back side of the logistics - receiving and order fulfillment would be chief among these.

It is very doable and the prospects are just sitting there with money-in-hand. I just absolutely will not take another thing on. This could get very big - very fast. I have enough on my plate.

It has been an interesting discussion though.

[JDCox]

Rep. added!
Please send the link

[morninghero]

Hello Mr Quasar

Can you please send the link to me?

Thanks!

[pcdeveloper]

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[Quasar]

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Little kiddies and baby girls have nothing better to do with their time - except continue to be broke mo*rons that don't have two nickels to rub together!

Maybe when you grow up, your vocabulary will grow to the great expanse beyond the 4 words you know now.

[zaki777]

Hey Quasar
i totally agree with you about the African Market
i am from Algeria the Biggest country in africa and yes there is hungry buyers who are willing to pay in cash for products
i see that you really know all the problems that african coutries have from the payment to the delivery problem
what i can add is i think language maight be a problem too since many countries have french as second or first language
and i don't know if in your researche you noticed that it's only on 2014 that Algeria gave permition to 3G technologie to be out
what i want to say is African MArket is open and will be more close to e-commerce with a higher use of internet since not many people have acces to internet in their housses, office or phones

[Quasar]

(02-09-2014 03:38 AM)zaki777 Wrote:  Hey Quasar
i totally agree with you about the African Market
i am from Algeria the Biggest country in africa and yes there is hungry buyers who are willing to pay in cash for products
i see that you really know all the problems that african coutries have from the payment to the delivery problem
what i can add is i think language maight be a problem too since many countries have french as second or first language
and i don't know if in your researche you noticed that it's only on 2014 that Algeria gave permition to 3G technologie to be out
what i want to say is African MArket is open and will be more close to e-commerce with a higher use of internet since not many people have acces to internet in their housses, office or phones

Thanks zaki777!

"pay cash for products" - one of the first things said.

The growth in every sector in Algeria, and in numerous other African countries is nothing short of staggering.

If the only barrier is the French language, that is easily surmountable. French is one of the most widely spoken languages on Earth.

You are not just the most under-served market on Earth - you are almost criminally under-served!

But worldwide media is too busy scaring the cr*ap out of people with images of starvation, disease and gun-toting nine-year-old boys at war for reasons no one understands - even them.

That is such a small part of what happens in Africa, and Algeria is just one of many hot spots.

There are lots of intelligent, educated and well-to-do people there that want lots of things! And as zaki777 knows, money is not the issue.

You guys that can put together wifi and 3G technologies, and the supporting hardware/software just got told how fast this service is growing in Algeria.

Might there be opportunities there? Elsewhere?

The African market is not about what's for sale and who is selling it. And this is the #1 consideration in every other top 5 market.

In Africa, all you have to do is show up, and deliver quality, good products and services that work. There is probably no one there to compete with you.

If only 10% of the entire population of Africa is able to buy from you - that is still over 100 million people!

So thanks for posting zaki777 and letting people know there are opportunities - huge ones.

Repped you for coming forward and telling people about Algeria - one of many starving markets on your continent.