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| Offshore
eCommerce Can Make You Rich: Page Two |
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| Using Your
Offshore Income to Establish a Second (Safe Haven) Residence |
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| Establishing
a second residence offshore is a very sound idea. Having a second residency,
even a modest beach cabin in Belize, Panama or the Caribbean is an important
step towards protecting your family's future against the unforeseen. |
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| The Iron
Curtain is no more. Currently, most nations do not care if you leave,
but that could certainly change. I have mentioned here and elsewhere
that there is every reason to believe that United States government will
move to stop expatriation and flight capital as conditions continue to
deteriorate. When it happens, and I am sure that it will, some method
for preventing families expatriating will not be far behind. Leaving then
will be complicated, especially if they suspect that your motive is to
expatriate. What happened in the original Brain Drain in Britain consisted
of Britians best and brightest leaving Britian. The same may happen
in America. Those on welfare are not going to expatriate, creative
people capable of observation and of conscience certainly may. |
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| Those
are not the kind of people any nation can afford to lose. Already
stem cell researchers are leaving American and stem cell research stands
the greatest chance of curing desease and extending human life of any science.
Expatriation could eventually become very compliated, and then if you do
manage to leave with your entire family, it may be impossible to expatriate
your capital wealth. Speculation? Okay, it's speculation. |
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| Currently
in the USA, if you are an American you do not actually need a passport
to exit, but in most nations you do need a passport to enter. While
there are exceptions the best policy is to have a passport. If you
are reading this article and you do not have a passport, and if you do
not do anything else mentioned in this article, do get yourself a passport
to travel. As soon as is humanly possible. My suspicion is that that
will be the area of attack, with legislation written to begin issuance
of a short term travel passport for businessmen and tourists, but not a
bona fide passport. (They will say that the change is required to protect
Americans from terrorism abroad and to prevent terrorists from entering
the country or some equally plausible lie). |
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| Of course
I may be wrong about this. But I'm willing to bet that I'm right. You can
place your own bet by ignoring my warning, or paying attention to it. It's
simple to play. |
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| A passport
costs less than $100 and all you have to do is get one or not get one and
wait for either set of consequences. By not preparing a second alternative
offshore (safe haven, residence or nest egg,) you leave yourself at the
mercy of your current government. If I'm wrong you can have a good laugh
later at my expense. God help you if I'm right. |
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| Currently
getting out is easy, but what started as a trickle of people leaving the
USA has steadily increased over the past five years and is approaching
a critical mass that has already begun to be noticed. |
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| Safe Haven:
Offshore Residence As Safe Haven |
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| Getting out
is currently easy, setting yourself up ahead of time was once problematic.
Which is why I like the idea of using offshore eCommerce to start a second
business offshore. Viewed as a way to put together your own little contingency
nest egg it's a good idea, viewed as a way to establish an alternative
residence offshore it is an amazingly good idea. |
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| The Way
Rogue Nations Keep Track Of You Is Via Your Paper Trail |
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| Establishing
a residence offshore in the way outlined includes a lot of excellent features.
Property in some countries is at bargain basement prices, making your purchase
a good investment. Having a second place of residence is in my opinion
one of the most intelligent moves an intelligent person can make. It's
better than life insurance, because life insurance won't buy your way out
of a trap. Moving money in an offshore IBC into the purchase of a
residence has a big added attraction; which is that you can purchase the
property in the name of your IBC. This means that you did not take your
money as personal profit, it remains as part of the company's tax free
estate, beyond the scrutiny and reach of Colonel Quadafi. |
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| Moving offshore
in this fashion means that there will be no paper trail back to Colonel
Quadafi, in case you wish to sever your ties with the regime. Alternatively,
the fact that there is no paper trail back to the Colonel means that you
can remain in Libya if things improve there. |
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| Purchasing
a house in many offshore regions is often done in the name of an IBC in
any regard, as it certainly is in Panama. See the article, Offshore
Real Estate As Offshore Survival Retreat - on setting up an offshore
residence as safe haven. In places like Belize and Panama it is entirely
possible to live off of the land and sea, so in really terrible times it
would impossible to starve. I am not suggesting that things could come
to that, but it is good to know that there are places where you can live
off the fat of the land where real estate can be had for under $5,000 an
acre. |
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| In addition
to a house, you can also purchase a car, a boat, a Hummer, an airplane,
your furniture, your wardrobe or anything else you desire, all in the name
of your IBC, without ever taking any of it as personal income. In
fact, you can establish an entire life offshore without taking any of it
as personal income. Note that Colonel Quadafi will probably have a very
different view of what you are doing, he may find a dozen reasons of why
all of the things your company purchased should belong to him. |
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| All the more
reason that an offshore residence is a good idea. Owning your car in the
name of your IBC also has the added advantage of lowering your liability.
Many people who live offshore have a separate company that owns their vehicles,
providing an interface that lowers their liability to zero, as the assets
of their main company are separated from that of anything that entails
liability. (Just like our buddies at Toyota.) Owning your house in the
name of your IBC renders your house all but impossible to confiscate. Especially
if your IBC is set up correctly. (We have an article about setting up your
IBC correctly in issue of the Quarterly.) |
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| Advantages
Of Offshore eCommerce |
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| Other articles
in this issue discuss the wide range of advantages of engaging in offshore
eCommerce. Briefly, once money is rolling into your merchant account you
have a number of options. 1.] The money can be invested into any
market in the world via an offshore brokerage account. This can be done
online offshore, or via your own personal offshore broker. 2.] The
money can buy real estate, be held in gold, moved from your account in
Panama to any bank account in the world. |
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| Note:
It is not recommended that you repatriate the money to your current place
of residence, unless you live in a tax haven, once you remove your money
from your corporate bank account and move it into a personal account it
is considered income, depending of course on which country you are a citizen
of. 3.] The money can be withdrawn as cash via a debit card from
most ATM machines worldwide if your own company allows you an expense account.
We will discuss the secure movement of money in a separate article. |
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| Selling
A Product From Offshore - Finding A Product To Sell |
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| The number
of things you can sell from offshore more or less corresponds to the number
of commodities in the world. In fact you can sell more products from
offshore than you can from inside nations with restrictive legislation.
A good example might be life-extension drugs and smart drugs. Neither
can be sold in the USA, but they can be legally purchased online and delivered
to USA from an online dealer in pharmaceutical products who sells them
from outside of the USA. |
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| The reason?
The FDA does not view ignorance nor aging as a disease, hence they cannot
be approved by the FDA. But the FDA will allow their purchase if
they have passed the approval of an overseas equivalent of the FDA, which
they have. These drugs have been thoroughly tested in Europe, many
have a thirty year history of scientific testing affirming their safety
and effectiveness. |
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| I mention
this only as an example, and I could give you dozens of examples. In a
scenario using smart drugs as a product line, one would set up a Panamanian
IBC, an offshore billing system or merchant account, a website and a offshore
fulfillment service. |
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| Something
like this could be made to run automatically, once it was up and running.
If it were done correctly it could yield upwards of $15,000+ a month in
profit. (I am not pretending to recommend this, I am using it only as an
example. There are easier businesses to set up). |
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| In many nations,
if not most nations, there are handicrafts, clothing, unique local products
and foodstuffs, that can be purchased at local prices and resold over the
internet. This works especially well from Latin America, including both
Mexico, Central and South America. It will also work very well
in Asia. It works less well in Western Europe, slightly better in
the Balkans with wines and foodstuffs. The Pacific and the Caribbean
Islands may be a source of handicrafts, music, art. Africa would be a source
of hadicrafts. In fact most regions of the world could be utilized
if approached correctly and some market research is done. |
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| Every time
I travel I make it a point to look for products to be sold online, something
we are going to start doing this year from EscapeArtist.com. Unique
products from around the world. We intend to set up a system for those
who web host with us and who wish to sell international products to receive
advertising and promotion via our upcoming international marketplace. |
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| I am now starting
to go to international trade shows; all nations have them, they are used
to put the products of that nation before international buyers. I have
not met any internet entrepreneurs at these trade shows.... it is
obvious that the potential of international products is not being recognized.
The Internet has already bogged down into the same old thing syndrome,
it's time for a wake up call. |
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| There are
billions of commodities in the world. Just about any product can be sold
from offshore cheaper than they can in other nations because one can work
from a tax free Free Trade Zone, and one does not have to pay taxes to
Panama on products sold from Panama via the internet. One can buy products
in China, Bulgaria, Hungary, or anywhere on the planet and ship them to
a Free Trade Zone duty free for redistribution to your customers when they
place their order. One does even not have to be at the Free Trade Zone
to do the distribution. Contracting with a shipping service from most Free
Trade Zones is relatively easy. That said, the setting up a Fulfillment
Service and/or Call Center in Panama is something that is sorely needed.
All of the infrastructure is in place and the laws and incentives are favorable.
I would certainly make use of such a service and if I had the time, I'd
set one up myself. It is the sort of service that EscapeArtist.com would
enjoy having as a strategic partner. We will discuss services on the next
page of this article. |
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| If one sells
products manufactured by a company in another nation, such as Gino, (read
about Gino below,) one can also have the manufacture drop-ship the product.
In this scenario, you would sell the product from your offshore website,
the money would go into your offshore merchant account. You would keep
the profit, send the wholesale price to the manufacturer who would then
ship the article directly from the factory in your behalf. This entire
process can be set up seamlessly online, so that it all happens automatically
when the order is placed. Talk about a money machine, this would
turn your computer into a money machine that would be making you money
even while you are asleep. |
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| Finding
Unusual Products From Around The World |
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| My friend
Gino is a genius at finding products. He travels the world going to product
conventions and fairs. In China he found several products, and ended up
designing a product and having it manufactured in China. It's a winner.
Most of what he sells he sells online. He now sells products ranging
from electric scooters to human skeletons. When I first met Gino,
his computer expertise was so poor that he didn't even know how to send
email. His knowledge of computers and the internet was zero. He had a successful
boat rental business and he was pretty content. When someone offered
him a good price for his boat rental business he found himself free to
pursue other interests. He turned his attention to the internet and decided
to find some products to sell online. His ability to find and/or manufacture
unique products is amazing. Reading what he has to say, will loosen the
log jams in our own thinking when it comes to the art of product selection.
I asked Gino to describe some of his products. |
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| Electric
scooter sales are growing exponentially. I feel they are a fad just
starting. Just like roller blading and skateboarding went crazy for awhile.
Electric scooters are next. The demand in Japan has been astonishing. They
are X tremely quiet and clean not to mention a cool $300 toy. (Same price
as a nice bike) Retired people are the biggest market and we also sell
many to police officers for some reason. Children are also a big client. |
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| Like all products
that catch my eye I researched the amount of hits and evaluated the future
competitors. Next was a feasibility study. Can we wholesale these
and keep the retailer making over 35 percent on every sale and still put
money in my pocket? The answer was yes, and off I went. We then designed
our scooter and went to china and found a factory to manufacture them for
us. We have been selling scooters for almost two years and the hardest
part has been keeping inventory. We will have several more scooters that
we've designed and they are very popular. (See image on right). |
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Electric
Scooters Retail Website: www.aboutus.org/Electric-Scooters-Motorized-Bicycles.com
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Electric
Scooters Wholesale Website - www.x-tremescooters.com
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| Human Skeletons
- PVC skeletons. I bought them from China. My biggest clients
were teachers. I sold grade 2 skeletons so it was not higher education
displays. The best sellers were the 36 inch and the 5 foot 6 inch, bonecolour,
numbered, flexible spine, with removable stands. This I used as an eBay
product. I go to the trade shows and skeletons caught my eye. I buy quantity
and just do the assembly line shipping and selling. I haven't done
this in awhile but it was a winner. About 300 percent return in 3 months. |
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| Auto Insurance
www.auto-insurance-ltd.com
- This was simple - Build a site and get it to the first page on
some major search engines. After that the Insurance companies will talk
to you and then you sell referrals to Insurance companies. This is very
easy and this method can be used for any product. The the whole heartache
is getting to the top of the search engines, but with a bit of work I've
developed a method for accomplishing that. |
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| Cable Converters
- www.api-cable-descramblers.com
A gray area. The most lucrative . We sell raw cable converters to people.
These are Universal units that work on 96 Percent of cable systems. I suspect
that some purchasers have a 12 dollar board installed to descramble
all channels. We do not sell descrambler boards but they can be installed
in our boxes in less than 1 min. |
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| Those are
just a few of the products that Gino has. Gino shared some tips with me
in how he finds these products to begin with. Gino says that it is best
to find products from companies where the manufacturer is not a good advertiser.
Look for products overseas from less developed nations. Advertising is
far behind in many nations and most companies in such nations don't have
their own website. Those that do have websites that usually are handicapped
by slow servers, poor advertising techniques, terrible websites and low
search engine rankings because of language difficulties. The result is
that potential customers never get to see their products. Someone
with English language skills who has, or can develop a basic understanding
of advertising techniques, can take a good product that is being poorly
promoted and make excellent money by promoting it correctly. The
internet is the perfect modality for this process, which will allow anyone
with native intelligence to build an offshore, online business of their
own. |
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| There are
hundreds of thousands of good original products out there that no one is
trying to sell. There is a huge market for them, but they simply
are not being advertised online. Creating a website is now within anyone's
range of expertise. Placing such products on our offshore servers and using
offshore eCommerce allows everyone the opportunity to make a tax-free,
duty free income from offshore. (In effect, doubling the income one
could make in a high-tax jurisdiction like Libya). |
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| And of course
there is also X-Rated & risqué products & services - See
footnote below. |
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| Go
To The Next Page - Making Money Offering Services Offshore and Putting
It All Together - |
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