Cashing in on Other People’s Cast-Offs

Getting into retail without having to invest in stock is a great way to cut down on your initial investment and more quickly make a profit. And it can be very easy. Consignment shopping fits right into that mold. And, as a very American concept, there’s not a lot of competition for it in other parts of the world. If you’re gathering what others don’t want—and finding a market for it—you have a good business model for short-term or long-term retailing. Essentially, with a consignment store you offer a space for others to sell their items in exchange for a cut of the money when the product sells.

Create a Passive Income with a Vacation Rental

Sarah Booth was only 23 when she bought her first vacation rental. It was a tiny studio in a ski resort village in Canada, but it was the beginning of a portfolio that now includes properties in Panama, Colombia, and Mexico…and an income that allows Sarah to enjoy a wonderful lifestyle from her home in Coronado, Panama. “Ultimately, my rentals have funded my lifestyle and my travels,” says Sarah. “I live for free and enjoy awesome rental yields.”

From Bakers to Bakery Franchisors

Like many expat business people, Eric and Stephanie Slater spotted an opening in the market and came up with a business idea to fill it. In their case, it was a need for good bread. It’s an issue across Central America but particularly in San Juan del Sur in Nicaragua where the couple decided they wanted to settle down. San Juan is a beach town with a ready market of hungry surfers, backpackers, and other travelers.