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successful western businessman in a low income country

Discussion in 'Introductions' started by dochempy, Jun 2, 2015.

  1. dochempy

    dochempy Newbie

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    I've had a traditional business for some years, with production and sales of physical products in a western country, and just moved to a low income country. I registered here because I have now time, when my old business runs automatically with my workers back there, and on the other hand, to look for opportunities to monetize this opportunity of being in a country where I can hire a person for 1/10th of the salary that I got used to in the western world. So, I feel that since I have some funds from my old business and solid income, and time, and considerably lower price level in everything with still great connections to western markets and perfect internet, that there must be so many possibilities for success if I will just get some ideas for this. So, this was my motivation registering on this forum.
     
  2. SimpleSiteSolutions

    SimpleSiteSolutions Jr. VIP Jr. VIP

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    Welcome to BHW. When you say western country you don't mean North America, do you?
     
  3. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    What country are you in or which part of the "low income" world are you.

    Welcome
     
  4. dochempy

    dochempy Newbie

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    Thanks! I'm talking about western europe and Ukraine.
     
  5. dochempy

    dochempy Newbie

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    I know that many companies outsource things here, and actually the IT specialists here do make nice salaries compared to others. For example, my wife, works as a deputy head in a bank, and salary is just $350 per month. But people working for foreign companies like programmers can make $1000 here, but all other people so much less. And for simple jobs the salaries are so low it is unbelievable. A girl working in a supermarket 10 hours every day can expect to earn maximum $200 per month.
     
  6. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Ahhh nice. Yes, Ukraine are pretty sick at programming.

    Set up a software company and make your own softwares for the public or bid on jobs on elance etc, or bid on government contracts around the world that need software solutions.

    Good luck man.
     
  7. dochempy

    dochempy Newbie

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    thanks for the suggestion! This Elance was new to me, already posted a job there, interesting to see how it will work! :)