Tubetotext

    How To Niche and Profit From Non-Western Countries

    Benefits of Nicheing in Growing Economies

    you will make much more money much more quickly much more easily if you're doing it in a booming growing economy than if you're doing it in a stagnating or declining economy even if the people in the stagnating OR declining economies have more money than many people in the rising countries make sense

    01:36

    Fastest Growing Economies

    number one South Sudan number two Guana number two three Libya four palao five Niger six Sagal seven Rwanda w 8 Ethiopia nine India 10 CIS 11 Djibouti 12 Gambia 13 Benin 14 Bangladesh 15 Philippines 16 Vietnam 17 Indonesia 18 China 19 Egypt 20 Kenya

    02:51

    The Rise of Africa

    Africa is faster growing in terms of percentage compounded economic growth rates than any other region in the world because when you're at the very bottom and you're reproducing like crazy which they are down there white people are dying out because they're not having a babies whereas you have women in like Niger the birth replacement rate like in places like Niger one place like that are like five and six

    03:44

    Fastest Growing Economies Excluding Africa

    number one Guana that is not Africa people think that's Africa it's not it's South America uh there's a lot of um American money going into there very small country it's right next to Venezuela that's the number one fastest growing economy in the world right now

    05:52

    The Importance of Asia

    the West is collapsing Asia is rising the West collapses I've been saying this online for 18 years the West collapses Asia Rises almost all of these are in Asia what does that tell you a spending your life in the Western World basing your entire future in the western world no Trump can't fix it and ignoring places like Pakistan because there's Muslim people or Africa because there's crime and there's black people or Asia because I I get a disease and

    14:40

    Population Growth and Economic Boom

    Africa those are the two regions of the world that are actually booming in terms of population growth as well as down here but is not quite as much as Central Asia

    16:38

    Economic Growth Outside the West

    This is The Economic Opportunity outside of Africa if you want to Niche outside the Western World this is the zone you should be looking at

    17:51

    The 40% Rule

    I want a maximum of 40% of all my income from all sources including Investments to come from those three regions US Canada Europe

    24:27

    Western Niches Exist Outside the West

    almost all Western niches exist outside the West so just duplicate

    29:51

    Boring Niches in the West Are Booming Outside

    most boring niches that you would consider boring in the west are absolutely exploding outside of the West in Asia places like Asia and Africa

    31:07

    Booming Industries

    Dubai and Paraguay is all the goddamn noise for all the goddamn construction they're building and building and building and because they're economically buring booming and growing so anything construction or infrastructure related is a kickass thing infrastructure same thing Tech water electricity all that stuff huge textiles obviously especially in Asia but even places like South America huge Mining and minerals is that a big growth thing in the United States no it is in Australia

    32:27

    Pricing Models

    the pricing models are different so in the west you sell you can sell a smaller number of higher ticket items in the non-west you sell lots of low ticket but High margin items so for example if you sold an online course some niched online course that's a simple example okay you have an online course that's to some narrow Niche and you sell it to Americans and you can sell that course for 6.97 9.97 maybe 500 bucks and you can make money if you're niched no problem and it's very high margin because it's a video course okay could you sell something for 9.97 to the masses in India no you can't or the masses in Nepal or Bangladesh no they don't have they don't have money so here's what you do you sell it for like four bucks what wait a second I'm not done you sell it for $4 and you do a watered down version and you convert it to make it more compatible with that culture and you sell it for $3 $4 $5 $6

    34:32

    Selling to Businesses

    B2B is better than B2C I'm going to bring Billy on one of these live streams we're going to talk about this so when you sell to B2B means selling to businesses B2C means selling to humans individuals when you sell to businesses you can charge higher prices this is true in the west or out of the West higher prices you'll have higher margins it's easier to locate the prospects you get less customer complaints and the clients are way easier to manage it's lots more money for a lot less work

    36:22

    Visiting Countries for Research

    first I would recommend strongly you go visit the country for at least a week if you've never been there and you want to sell there you need to go there and need to go there and you need to ask lots of questions St in air similar to when you're doing um re search for a flag if you want to move there use it for a backup plan you go there for a week and St in AB St stay in an Airbnb not a hotel if you can sometimes you can't but if you can pretend like you live there go out and talk to lots of people

    37:15

    International Business Plans

    Paraguay I'm doing stuff myself and I'm gonna probably do some stuff with Billy and some other people farmland and multif family real estate Billy and I have plans I mean they're just kind of outlines right now but like for some kind of like retreat center and apartments for expats for Western who down we can do training and all kinds of we have big plans for

    42:08

    Residency Requirements

    how long you need to stay du buy per year in order to maintain residency you need to visit once every six months

    46:30

    Diversifying Income Streams

    looking at diversify income streams into a country that won't be decimated dur the collapse of Western economy

    46:34

    Doing Business in Africa

    Africa as a as a niche go to whenever you want to go go to Niger go wherever okay go to rwana go whever you want okay

    48:22

    Selling to India

    hello the middle class in India this is a this is one of those classic dumb American westerners questions

    48:56

    Email Marketing

    people nowadays don't check their emails as before

    50:06

    Traveling Abroad

    for a beginner wants to start traveling abroad let's say I want to visit some Asian country for two weeks

    51:05

    Real Estate Business in Cambodia

    what do you mean you have to be there in Cambodia while running the business

    52:59

    International Backup Plan

    if you live in anywhere in Europe Australia New Zealand Canada United States

    54:45

    Culture Blindness

    they were so used to the air being bad they didn't view it as a problem it's called culture blindness

    56:54

    Choosing a Niche

    what if your desired Niche needs you to go to college school certificates licenses to learn it or get it

    58:59