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March 1, 2009

Dollar Rain in VIETNAM

2892058635_da341cba5fThere is United State Dollars literarily falling in the streets of Ho Chi Minh City (the commercial point of Vietnam) and only those that can SEE will grab it with both hands. Whenever I recognize that someone is financially wealthier than I am, I know that there is something this person knows that I don’t. I am humble enough to want to find out but I realize people guard their economic secret and hold them close to their chest. However, I will do the opposite because I believe the sky is big enough for everybody.

   

China has long been regarded as the workshop of the world; almost everything we use in the world is produced in China. When the secret of the Nike brand business model was revealed, it ushered in huge traffic to the Asian Tiger region; giving them one of the best economy in the world. The business model was simple; produce at the lowest cost possible with your quality specification and brand placement and reap huge profit margin in your country.

 

250px-saigonnightskylineVietnam has done better than China by widening the profit margin you can achieve but this has been under-exploited especially by Nigerian importers. In the 1970s, the Kwara people of Nigeria discovered China as a commercial viable point but other Nigerians were busy importing from UK and other European states. The net result was having the Kwara people owning about 75% of the houses in Lagos.

 

This covert business operation by the people of Kwara State was not discovered till the early 90s and by that time, the profit margin you can achieve by doing business with the Chinese has reduced considerably. The exodus of the Igbo people into this business region has also created huge barrier into making considerable profit. Profit can still be made in doing business with the Chinese but this system is now exclusively controlled by the Igbo people.

 

2533747057_18ec8ec483_mLet me give you a little insight into an experience of mine; in preparation for my wedding, I saw a suit I loved so much for Twenty Five Thousand Naira (N25, 000.00). The suit was different from the other suits I saw in the array of suits in one of the low budget boutiques I entered. I loved the suit so much that I know the material anywhere in the world. One year after buying the suit, I saw the same suit in Rome for Four Hundred Euros which is equivalent to about seventy five thousand naira (N75, 000).

 

Now, this was a shocker to me until I met a well travelled friend who told me the secret; Nigerians get their suits from China (cheaper labor cost, cheaper cost for sourcing material and discount export duty) while suits in Italy would be more expensive because of reverse situation. The quality of the suits was the same since I am extremely concerned about quality. I later visited Guangzhou, China, taking my wedding suit with me to compare them and to my surprise I saw the same suit for One Hundred and Fifty Reminbi which is equivalent to about Three Thousand Naira (N3000.00).  

 

543957719_84e0244482_mI was not interested in suit business but I know that I could get it far cheaper than the N3000 if I buy in bulk and I go directly to the producers. I immediately started seeing how those formal illiterate Igbo traders could fly first class. Life was never the same for me after this experience and I knew it would be difficult for me to maintain my job. I thought I had seen it all until I recently encountered the same suit from an importer who told me he got it from Vietnam at an equivalent price of One Thousand Naira Only (N1000.00).

 

I thought the guy was lying until he showed me his invoice. After careful research, I realize most people do not know about Vietnam. It’s one thing to know about Vietnam, it’s another thing to have the right contact information to maximize your profit. Due to lack of information, I nearly lost 2 million naira in an import deal from China. Since this incident, I have never gone into any business without the right information or research.

 

My heart goes to the workers who are interested in doing business after retirement and have never prepared to lose money. Heart Attack is likely to be their friend. I advise workers who are interested in doing one form of business after retirement to start now on a small scale while they still hold on to their job as a crutch. It is better to fail early than fail when you are quite old with responsibilities.

 

2620718869_865edb8998_mOn my quest to Vietnam business, I met with a Vietnam Czar who made life very easy for me giving me the right information I needed. With just 500 USD, you can go into importation from Vietnam; that’s how easy it is but you must possess the right information. My pastor once said something that rings true about business; always use 60% of the business capital to buy books and information about the business.  

   

It is also a fact that those that make the first entry into any business region are those that reap big time because most people wait to see proof before joining any business and by the time they want to join, competition sets in. This is why I am going to share with my faithful readers the secrets of entering the untapped Vietnam market and reaping more than one thousand per cent return based on the product you are interested in. I will be sharing information that can cost you millions of naira to acquire through experience.

 

444411032_69bec4f94e_mOnly TEN INTERESTED PEOPLE can be accommodated. This lucky people would be discussing with me and the Vietnam Czar in a three hour roundtable lunch about importation from Vietnam, VISA collection, Best Buys, Logistics and contacts. This information would always prove to be invaluable to workers who want to test their waters, entrepreneurs who want to diversify, contractors who want to make supplies, guys who want to go on holiday (you must be tired of UK and Dubai by now), and the list goes on; please, fill in the gap……….

 

Venue: Imperial Chinese Restaurant, Ajose Adeogun, VI

Discussion Style: Roundtable Chinese Buffet Lunch

Date: Saturday, 14th March, 2009

Time: 12.00p.m.

Price: Fifteen Thousand Naira Only (N15, 000. 00) – THIS IS A HUGE DISCOUNT

Payment Deadline: Friday, 6th March, 2009

 

P/S: THIS IS BASED ON FIRST PAY, FIRST SERVED. ONLY THE FIRST TEN PEOPLE THAT PAY WOULD BE ACCOMMODATED. PLEASE, KINDLY CLICK HERE TO SHOW INTEREST AND GET PAYMENT INFORMATION.

WHEN PAYMENT INFORMATION IS REPLIED TO YOU, YOU HAVE ONE DAY TO MAKE PAYMENT OR YOUR SLOT WILL BE GIVEN TO ANOTHER. THIS IS IN THE SPIRIT OF FAIRNESS. THANK YOU.

 

        

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About Dipo Tepede

I am a Project Management coach. I specialize in making delegates pass any Project Management certification at first try. I successfully achieve this fit through practical application of the knowledge and integration of our Project Management eLearning school at www.pmtutor.org. Welcome to my world.....