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.
If you visit Monticello, Thomas Jefferson’s masterpiece of a home, you will most likely come away with a favorite memory. While the gardens are spectacular and the house filled with clever inventions, my favorite is Jefferson’s office, which adjoins his bedroom. He could roll out of bed and get to work at his desk. Of course, in Jefferson’s time, home-based businesses were more common than long commutes. But still, he must have created the shortest commute ever. During the decades following World War II, home offices all but disappeared as people went off to work in someone else’s office.
Any location that finds favor with expats ultimately needs a place for them to hang out. There is a ready market of people who want a menu of familiar food—like burgers, hot wings, or a juicy steak—prepared in familiar ways. Put their favorite music on the jukebox, and they’ll be drawn in. Offer them NFL football or a pool table, and they’ll become good regular customers.
With a laid-back lifestyle and increasing access to modern amenities, it’s easy to see why a growing number of expats are calling Granada home. This colonial city in Nicaragua has year-round hot weather, brightly-painted buildings and colonial-era architecture in the historic center, and diverse natural surroundings. It’s not surprising that it is becoming Nicaragua’s tourism hub. What is interesting, though, is how it is growing as a wellness destination.
Vikki Gold is delighted with her move to Costa Rica. “I love it here. I’m at peace. There’s beautiful scenery, a great climate, and so much wildlife. It’s our little paradise,” she says. She came here just over a year ago after she and her daughter, Hollee, bought and renovated a boutique hotel in the jungle, which they renamed Villas de Oros (Villas of Golds in Spanish—a play on their last name).
Many travelers who return from a tropical holiday on the beautiful Indonesian island of Bali start thinking how wonderful it would be to quit their job and move here permanently. And lots of them do, including me. I’ve run a guesthouse and restaurant on the northern coast of the island for four years. But before you join us expat business owners, there are a few things you should know…
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.”
Stacey Roush is a teacher who left the United States…without ever missing a class. Thanks to technology, she now lives in a low-cost area overseas while still teaching her geography class—online—to students in Pennsylvania. Stacey’s new home is Santa Cruz de la Sierra in Bolivia.
It’s easy to look at the 19th-century writer, artist, and social activist William Morris and wonder how he got so much done. During his lifetime, he produced a dazzling body of work not only in writing but also in architecture and textile design. His intricate textiles and wallpapers are still sold today.
Panama is one of the fastest-growing countries in Latin America. And with a steady influx of expats of all ages and a growing middle class, its beleaguered education system has been hard-pressed to meet the growing demand for quality instruction. Public schools don’t prepare students very well for college. So middle and upper class residents turn to the nation’s private schools.