Hi, I'm making this post to take things off my chest but I would also love some perspective on what would you guys do.
I'm living in Argentina, wich is kind of the worst place ever for being an entrepreneur. To put things in perspective, year 2019, I was selling my main product for 40$ (1800 pesos) and doing good. Was reselling and about to start my own production so margins would increase. Profits were nice and I reinvested most. Then some crooked politician wins the elections, and the peso tanks 30% of it's value over night, and in the coming years it just keeps getting worse and worse. Today, the very same product I'm selling for $17.5$ (3500 pesos so almost double in the local currency). Inflation it's a crazy bitch, at 40$ in 2019 I had no problem selling, people where happy etc. Now at this price I get complains for the price going "up". I have lost customers. Salaries didn't go up as much as the dollar at all, they are really way down in real terms. So my customers are poorer now... And so have been I. And also marketing is quite difficult since I can't do google ads and Instagram shadow bans me (my product is cbd oil). And the 17.5$ I make today aren't even worth as much as it was worth in 2019 since we all know the dollar took quite some inflation. And to make this like some big f joke, people still vote and support this crooks that cause this on the country, even some from my own family.
So I'm tired of this crap and want an alternative. I don't really know what to do. I thought on an internet business, maybe youtube or something. I've learnt a lot of natural health this last few years. It's just that I would be relying on youtube not to nuke me and besides there is a million people doing that (how are we such in a bad shape as humans with so many health gurus ? lol).
Maybe a crypto educational channel. I'm no expert but I can translate from channels in English that are, and adapt content for Spanish speakers. Also I'm good at separating objective truth from bs and opinions (hence why I'm on this forum and follow MJ).
Anyway what would you guys do ? I have some savings but not very much, like 10K. And expect to have 10K worth of product to sell and maybe produce some 30K worth the next year.
I don't move yet because my family lives here and the good thing is that expenses are crazy low (my rent for a one bedroom apartment is just $100). But def planning to. Probably to Brazil so I won't be so far from my family.
Anyway I don't want this to be too long, I could go on talking on how miserably things are in Argentina but it's pointless.
The good thing is that I got the cbd business mostly automated and I have time to start something else.
Thank you if you read so far.
I'm living in Argentina, wich is kind of the worst place ever for being an entrepreneur. To put things in perspective, year 2019, I was selling my main product for 40$ (1800 pesos) and doing good. Was reselling and about to start my own production so margins would increase. Profits were nice and I reinvested most. Then some crooked politician wins the elections, and the peso tanks 30% of it's value over night, and in the coming years it just keeps getting worse and worse. Today, the very same product I'm selling for $17.5$ (3500 pesos so almost double in the local currency). Inflation it's a crazy bitch, at 40$ in 2019 I had no problem selling, people where happy etc. Now at this price I get complains for the price going "up". I have lost customers. Salaries didn't go up as much as the dollar at all, they are really way down in real terms. So my customers are poorer now... And so have been I. And also marketing is quite difficult since I can't do google ads and Instagram shadow bans me (my product is cbd oil). And the 17.5$ I make today aren't even worth as much as it was worth in 2019 since we all know the dollar took quite some inflation. And to make this like some big f joke, people still vote and support this crooks that cause this on the country, even some from my own family.
So I'm tired of this crap and want an alternative. I don't really know what to do. I thought on an internet business, maybe youtube or something. I've learnt a lot of natural health this last few years. It's just that I would be relying on youtube not to nuke me and besides there is a million people doing that (how are we such in a bad shape as humans with so many health gurus ? lol).
Maybe a crypto educational channel. I'm no expert but I can translate from channels in English that are, and adapt content for Spanish speakers. Also I'm good at separating objective truth from bs and opinions (hence why I'm on this forum and follow MJ).
Anyway what would you guys do ? I have some savings but not very much, like 10K. And expect to have 10K worth of product to sell and maybe produce some 30K worth the next year.
I don't move yet because my family lives here and the good thing is that expenses are crazy low (my rent for a one bedroom apartment is just $100). But def planning to. Probably to Brazil so I won't be so far from my family.
Anyway I don't want this to be too long, I could go on talking on how miserably things are in Argentina but it's pointless.
The good thing is that I got the cbd business mostly automated and I have time to start something else.
Thank you if you read so far.
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