BUSINESS IDEAS ANYONE?
Are There Business Opportunities To Be Had in The Philippines? We Take A Look Each Month.
Here’s my latest and greatest! This is going to be huge! I have gift baskets full of shells that will sell for US$20 to US$30 in a craft shop back East, all day long! How much did I pay for them? Would you believe a buck? One Dollar! And I bought them retail, remember!
The big expense is shipping, of course. I think you could add US$2 each basket if you shipped them by sea, in say a Balikbayan type box. You could easily fit fifty baskets in and that would price it around US$100, so I guess that is within reason. In fact, smart operators would ship for less, much less.
So you add US$5 to each item, by now they are costing you US$8 each, landed in the USA and before customs duties, taxes etc are heaped upon them. Even at US$2 a basket, the shop is paying ten bucks and making 100-200% on top.
What is the secret? The secret is to have the outlet in the USA or Europe or Australia where you can sell your box of gift baskets. I admit US$250 per box isn’t a lot and maybe it will take the shop a season to clear its stock of sea shell gift baskets. Of course, if you can find one shop to take a box, then you can find two, and three and four….. One day, you’ll get that long awaited call from the giftware buyer at Wal-mart and before you know it…
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