Everyone wishes that they could open their own business wherever in the world they choose…but nobody actually does it… Do they? Well, the short answer is…Yes, they do. And we’ve met them.
We know expats who run their own B&B in Mexico...opened a bagel café in Panama... started a tour business in Chile...operate a yoga retreat in Costa Rica. The fact is, being your own boss will provide you with the flexibility to work the hours you prefer and pick a schedule that best fits your lifestyle and priorities. So take that leap and open that business of your dreams in an overseas location of your choice.
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See below for inspiring articles from expats who have opened many different types of businesses in countries around the world.
When I was getting started in the e-book business, I thought it would be a long time before I could create an actual book (I’ve since learned shortcuts for doing it quickly). Part of my solution was to use books from the public domain for free—as I told you about yesterday. That works for older material, but a strategy that provided me with more contemporary books was licensing existing print books…converting them to an e-book format…and paying the author part of the royalties I collected.
What if I told you that Walt Disney built the foundation of his multi-billion dollar business on public domain books written by other people. Ever heard of Snow White and the Seven Dwarfs, Pinocchio, Cinderella, Sleeping Beauty, The Little Mermaid? Blockbuster Disney movies, right. But before that, they were public domain books written by other people.
I’ve made a lot of money from e-book publishing…which I think would come as a surprise to my college English professor who gave me an ‘F’ in her course. But you don’t have to be a writer to make money in this marketplace. I’ve published almost 50 books written by others. Some were books I took from the public domain, which means I didn’t pay for them, and some were written by ghostwriters I hired for little more than the cost of a great night out.
For Olley Ollerenshaw, living in Cusco’s historic artisan district of San Blas has allowed a childhood fantasy to come true. “I’ve always been interested in maps of the world, maps of all kinds. Maps are symbols of adventure as well as functional tools, and for anyone like me who grew up daydreaming about visiting exotic places, maps hold a special allure,” says Olley.
Before moving to Italy, Georgette Jupe had what many would consider a glamorous life: She was living in star-studded Los Angeles, working in public relations, and rubbing elbows with the B-list celebrities that her firm represented. She had a good, steady, lucrative job. And who doesn’t want to live in sunny, coveted southern California? To the untrained eye, Georgette had it all. But secretly, she was missing Italy— where she’d spent one beautiful year studying abroad in pretty Florence back in her college days.
It was 10 a.m. on a Tuesday morning. I had just finished drinking a cappuccino with a friend at a local café. Now, I was going to meet a client and spend about an hour getting them set up in their vacation rental. Then I would go back to my home office to spend another 30 minutes or so answering emails.
I discovered the potential of ecommerce 14 years ago when I started my online maternity store…from my kitchen table. At the time, I was searching for a business that offered me the freedom to work from anywhere and the flexibility I needed to care for my young children after my husband was diagnosed with cancer. I found it in ecommerce. In its first month, my first site brought in $7,000. I was ecstatic. And it grew from there. I turned my online business into a multi-million-dollar business in a short amount of time.
“My dream was always to live on the beach with palm trees,” says Peter Ottinger. “And here on Costa Rica’s Nicoya Peninsula the climate is an endless summer.” A far cry from snowy winters back home. “When I first moved here, to Santa Teresa, it was a very small community. In the beginning there were hardly any foreigners. But since 2004, it’s grown a lot,” says Peter. “Now we have a very international community.” It’s a booming haven of backpackers and even mainstream travelers in search of a laid-back and bohemian off-the-beaten path beach destination.
When Anke and David Doehm, both 53, were looking for a place to open their clothing boutique, they had a few requirements. It had to be in a spot with good tourist traffic, be a safe location, and be a nice place for their four kids to grow up. And as residents of Hawaii for seven years, they figured a beachside location wouldn’t hurt, either.
Upon arriving in Koh Samui, Thailand, on vacation in 2003, Jacqui Ashley knew she’d found the ideal location to raise her children abroad. “As soon as I landed, I had an overwhelming feeling of being home,” she says. “We were greeted with smiles from the Thai staff at the airport, and during the holiday we were overwhelmed by the friendliness of the people.”
Vikki Gold from Colorado 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.
It was sports that first brought Jim to Panama in 2004. “I lived in Boston and was running a sports-marketing company for American football. I handled recreational events, tournaments, leagues, and celebrity events. “While coaching a start-up flag-football team here, I first met my wife Priscilla. We went back to the U.S. and worked together in sports marketing, but when we decided to start a family in 2009, we returned to Panama and made our new home in Las Tablas. We wanted to be near Priscilla’s family.”
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…
A mid all the traditional German sausage stands in a small food market on the edge of the Black Forest, American Geoff de Forest, 43, decided to open a taco truck. He believed there was a need for really good Mexican food in his locale…and he was right. The business is now making good money. Last year he started the Holy Taco Shack, a food truck that sells tacos, quesadillas, and burritos at markets and special events in the Freiburg area, which is in the extreme southwest of the country near the border with France and Switzerland.
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.
There are thousands of foreigners dotted about Guatemala quietly doing their thing. Lorenzo Gottschamer is one of them. “I was only supposed to be here for three days,” says Lorenzo. “Yet I’m still here over 30 years later.” Originally from Redwood River, California, the 68-year-old Lorenzo first decided to make the move overseas after an accident ended his career as a professional firefighter.
“My husband Fred and I haven’t felt as vital as this in years. It’s like we’re young again and just starting out. It’s a fabulous feeling. We wake up every morning to happy conversation and laughter, the guests in our Nicaraguan hostel all having breakfast together,” says Carla Batty. Back home in Queensland, Australia, Carla and Fred had a life of relaxed dinners with friends, easy jobs they enjoyed, and the odd night out.
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.
While some relish the challenge of building their dream business from the ground up, many expats prefer the reduced risk and hassle that comes with buying an existing business. You probably won’t save money over starting a business from scratch, as the sellers of a successful business will want to recoup their own investment.
Ten years ago American health professional Jonathan Ahladas left Springfield, Massachusetts to make a new home in the Spanish capital, Madrid. He’s still glad he did. “In the States your routine is going to work, taking the car, driving home, and then you’re home for the rest of the day,” says Jonathan.
With an investment of just under $50,000, Michelle and Austin Drill are now on their way to making a living…selling bagged dirt in Nicaragua. The former New Yorkers found a place where they could breathe, the easy-going beach town of San Juan del Sur on Nicaragua’s Pacific coast, and a business opportunity whose time had come.
“I love the stimulation. Every time I take someone on a tour I learn something new about places I’ve seen hundreds of times before.” So says Helene Kahn who has loved Mexico since she was 10 years old. Now she lives in the artistic hub of San Miguel de Allende and gets paid for something she loves doing: showing people around her adopted country.
I first met Tom Linzmeier when we were teaching self-employment seminars in Washington, D.C. Tom had a career as a stockbroker before becoming a full-time investor. Then he reinvented himself again as a teacher. For several years, we continued to bump into each other at adult education centers around the country but after a while we lost touch.
These days, Michael Hayden is often found strolling the colorful, cobbled streets of his adopted home, Granada, one of the oldest Spanish colonial towns in the Americas. “There’s no other place like Granada. It has a solid center…you can walk in any direction and see beautiful homes. You have impressive Mombacho Volcano in view over the streets and a steady flow of breezes from Lake Nicaragua,” says Michael.
On my birthday last year, I awoke to an email box full of greetings. One came from my globetrotting friend Marianne Cantwell who was in Bali. The title line simply said “A Birthday Surprise”. Somehow, Marianne had gathered a wide array of friends and family from around the world to send birthday greetings in video clips and photos.
If you like the idea of effortless income, this is probably the simplest idea we’ve come across yet. In the time it takes you to have a cup of coffee, you can notch up $5 to $10 doing something that comes easily to you. (Or even more once you know a few tricks.) It’s called the microgig.
We’re both 50 years old, we live on a Caribbean island, and we love running our restaurant,” says Jackie Feldman, who—along with her husband, Adam— moved to Ambergris Caye, Belize, three years ago. “We have great friends and our family regularly visits to share our experiences. Isn’t that what so many folks dream about?”
“Why is life better here? Well it’s warmer, I don’t shovel snow, I buy beer for under $1, I’m 10 minutes from a beach, and I play softball all year round,” says expat Jim Thomas. Jim lives in Las Tablas, a small town that serves as capital of Panama’s Los Santos province, heartland of the country’s Spanish-colonial heritage.
When Edward Shelton worked as a journalist, he had no idea how to make a pizza. In fact, it was the furthest thing from his mind in the years when he lived between London and New York. Today, he owns and operates a pizza restaurant and B&B in the coastal Chilean city of Valparaíso, known for its hills, colorful homes, and bohemian vibe.
When we took our lunch break during a seminar I was teaching recently, our group walked a few blocks to the student union. Nicole Relyea, the youngest member of our group, turned around to face me, but kept walking—backwards. “I’m thinking about being a tour guide,” she said. “I gave campus tours when I was in college and I enjoyed it. I can walk backwards for two hours.”
People ask me all the time if making money from a kitchen table anywhere in the world is really possible. The answer is yes. The only thing you need to buy and sell online is an Internet connection. Right now, I’m writing to you from a remote island 25 miles off the coast of Maine thanks to an Internet connection. People are making money almost anywhere from a kitchen table!
How do they do it?
When most people think of the fortune you can make importing, their mind goes to huge cargo ships docked in major ports…stacked sky-high with crates…and enormous cranes moving them from the ship to the dock. But, when I think of buying and selling online, I picture yoga mats, golf balls, and snorkeling gear.
You learned yesterday about how you can make $2,000 to $3,000 on one online deal, buying and selling popular consumer products. When I talk about earning money online, most people want to know the answers to three simple questions: 1. Can anyone do it? 2. Can I make money part-time? 3. Do I need a lot of cash to get started?
When I tell people I import products from overseas and sell them back in the States for a profit, they immediately think one of two things…1. If they’re well-traveled, they think I’m going to places like Mexico and Ecuador and bringing back suitcases full of leather goods, handmade dolls, jewelry, and handicrafts.
Oklahoma…Montana…Minnesota…Chile. Neil Sander has lived in numerous destinations, been involved in countless projects, and has had a plethora of careers…but since arriving in Panama in 2004 he has had no desire to live anywhere else. He was approached to move to this beautiful Central American country and supervise the designing and building of a retirement housing development in a virtually uninhabited area of Bocas del Toro.
Chicago natives Brad and Christine Schofield have always loved the beach and the water. As their children were growing up, family vacations always seemed to be centered on the sand and sea. As time marched on, their dream to own an inn on the beach headed toward reality. Brad (56) was a manager in the restaurant industry, and most recently general manager of a Chicago environmental company that processes waste cooking oil for the restaurant and hotel industries. Chris (53) owned her own interior design and room renovation business.
With its warm weather, low-cost living, and welcoming locals, Thailand is easily one of Southeast Asia’s most popular spots for entrepreneurs looking to launch a new business. Startup costs are affordable, there are fewer regulatory hurdles, and paying for necessities such as construction and manual labor won’t break the bank.
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“What would your dream retirement look like,” asked the advertisement, “if money were no object?” Since my kids grew up, I have stopped responding to idiotic questions; instead I sink my teeth into my knuckles. Money is an object. And after the Great Recession, retirement is a remoter dream than it used to be. And […]Read More Testimonials