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If Bolivia is like sweet home, that money is concentraded as fuck so either their schtick would have to be ubiquitous for it to be worth it, or they would be se
by dudeman13 5y ago
If Bolivia is like sweet home, that money is concentraded as fuck so either their schtick would have to be ubiquitous for it to be worth it, or they would be selling to the ~10% richest in Bolivia (which probably have decent internet access).
For all that people sometimes go on about untapped market potential in poor countries, it really isn't that easy when >90% of the population lives on less than 350 USD/month.
Sauce: spent the first 1/4 of century of my life living in a third world shithole.
- Turing_Machine 5y agoWell, yeah, you're probably not going to sell many Lamborghinis there (other than to the elites you mention). On the other hand, Coca-Cola has a presence in Bolivia, and apparently controls about 60% of the Bolivian market. With 11 million people, that's gotta be a nice piece of change. If what you're selling is closer in price to a Coke than a Lambo, you probably shouldn't write Bolivia off.
- lelanthran 5y ago> If what you're selling is closer in price to a Coke than a Lambo, you probably shouldn't write Bolivia off. If what you're selling is BOTH: a) closer in price to a Coke than a Lambo and b) closer in demand to a Coke than a Lambo Then, sure, you shouldn't write it off. However, if you're selling stock-trading software, even for the price of a coke, you might not make enough money back to justify supporting Bolivia. Cokes, even in poor countries, are still purchased by tens of millions of people at least once a month. Selling a similarly priced item that may be purchased by a few hundred people at most is not the same thing as Coke.
- dudeman13 5y agoIf what you are selling has to be 1/20 as ubiquitous as Coke to be viable, you are already killing off approximately all business ideas.