Can You Get Rich In Rural Thailand ?

[JurgenG]

While Bangkok, Pattaya, Phuket or Chiang Mai offer plenty of opportunities to the wannabe entrepreneurs, rural Thailand is often seen as a dead end.

Is it true ? Does rural Thailand have really nothing to offer to foreigners beside being a quite place for retirement ? If you are in your 20's, 30's, and you want to do something of your life, does it make sense to move there ?

[robblok]

Depends i think its hard for a foreigner to start a business in Thailand anyway. But if its tourist related your right then rural Thailand is a dead end. However if you want to produce something it is not because that is where cheap labour is. Also land for setting up something is cheaper. So it really depends on your business.

[danbradster]

You could import something new from overseas, at least then you're not competing with others.

Or you can work online and spend your USD in Isaan.

[mstribling]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

[robblok]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

[midas]

Depends i think its hard for a foreigner to start a business in Thailand anyway. But if its tourist related your right then rural Thailand is a dead end. However if you want to produce something it is not because that is where cheap labour is. Also land for setting up something is cheaper. So it really depends on your business.

i think this is the key

[mstribling]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

[robblok]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

That does not sound good to me, because then the debt is getting bigger and bigger financed with your wife's money and maybe no way to ever pay it back.

[mstribling]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

That does not sound good to me, because then the debt is getting bigger and bigger financed with your wife's money and maybe no way to ever pay it back.

Thats how come she owns so much land. eventually the bubble bursts and either they will deed land to her, or someone will marry a farang

[ableguy]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

What a scunbag.

[zzaa09]

Online businesses. Freedom and independence.

[mstribling]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

What a scunbag.

Another satisfied customer.

I guess in your world only Hiso Chinese can make money from peoples vices.

[mstribling]

Online businesses. Freedom and independence.

I think this is probably the best.

I know a guy who sells online books to people.

he buys the content, slaps his pic on it, makes it go viral, and viola. Money.

[JurgenG]

money lenders have bad reputation but they are a necessity ...

Anyway I was thinking of more traditional business like fish farming, exporting handicraft, opening a restaurant ... or something new like landscape designers.

Or for the wannabe farmers, instead of growing rice, why not organic salads ?

[mstribling]

money lenders have bad reputation but they are a necessity ...

Anyway I was thinking of more traditional business like fish farming, exporting handicraft, opening a restaurant ... or something new like landscape designers.

Or for the wannabe farmers, instead of growing rice, why not organic salads ?

Go over to the farming forum and run a query on raising frogs.

If I had a market for it here I would jump at it.

[stander]

money lenders have bad reputation but they are a necessity ...

Anyway I was thinking of more traditional business like fish farming, exporting handicraft, opening a restaurant ... or something new like landscape designers.

Or for the wannabe farmers, instead of growing rice, why not organic salads ?

Go over to the farming forum and run a query on raising frogs.

If I had a market for it here I would jump at it.

[JurgenG]

[robblok]

Open a fishing park, but dont open it too far away because then people wont travel. THere are fishing ponds around that make nice money. The problem is it is a huge investment and you need to know what you are doing. I know all about fishing.. but nothing about taking care of them.

But if you have big carp or airipaima there you can get 3000 bt a day per angler. There is some info in the fishing forum here about what people want from such a place.

Personally i would never start a business that i haven't got good knowledge off. Many farang fail because they open a restaurant but have never run one before. Then the odds against you just double. First your in a strange country second you need to learn everything about the business.

[IanForbes]

See a need and fill it is the only advice I can give. Stay away from the Thai way of doing business... ie .. copy what some successful person is doing and then start up NEXT DOOR doing exactly the same thing !

On-line entrepreneurs seem to do alright in Thailand, but you have to have a good internet connection and know a lot about what you are marketing.

[David006]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

wifey seems to make a rather an obscene amount of interest (50%+++??) on what appears To be a loan sharking "club"...don't understand how it works and don't care.....

[welsh1]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

And you are the debt collector ?

Not me. She has a off-duty cop who does that.

Oddly most Thais are pretty good about paying the money back. It is what makes it so lucrative. They will borrow even more money to pay back the principal.

What a scunbag.

Or they might infact accumulate so much land, that they will not need a falang and then can run away with there of duty cop

[cardholder]

Online businesses. Freedom and independence.

.... and too much time on your hands !

[cardholder]

money lenders have bad reputation but they are a necessity ...

Anyway I was thinking of more traditional business like fish farming, exporting handicraft, opening a restaurant ... or something new like landscape designers.

Or for the wannabe farmers, instead of growing rice, why not organic salads ?

Go over to the farming forum and run a query on raising frogs.

If I had a market for it here I would jump at it.

So would they !

There is probably already a frog mafia.

[cardholder]

Open up a liquor store in your wife's name is always a hit.

Although not in Issan, we live in rural Thailand and my wife makes a good bit of change loaning money to gamblers, and such.

Underground casinos always make money.

Some people will run numbers and such, especially on pay days.

Lots of easy money to be made out there.

Learn the vices and form a business plan.

wifey seems to make a rather an obscene amount of interest (50%+++??) on what appears To be a loan sharking "club"...don't understand how it works and don't care.....

OK when they work. Can be problems when they go tits up. I know of 2 people in Surin prison facing 20 years for their involvement in one.

[isanbirder]

You can get rich anywhere, but you probably won't. If I knew how, do you think I'd write it in a post on this forum?

[farang000999]

Nike and all the other Western companies seem to be doing alright.

As to loan sharking, what happens when a bigger shark decides that he wants to eat your fishes instead of you?

[isanbirder]

Nike and all the other Western companies seem to be doing alright.

As to loan sharking, what happens when a bigger shark decides that he wants to eat your fishes instead of you?

Nike etc are hardly "wannabe entrepreneurs".

Sensible loan sharks take land deeds as security... and the bigger shark will do the same. That means he can't eat your fishes, because you have the security.

[Birdman]

Depends i think its hard for a foreigner to start a business in Thailand anyway. But if its tourist related your right then rural Thailand is a dead end.....

That depends. If you get specialised, organised and connected, I would say chances are not too bad.

You can open e.g. an esoteric courses centre right in the paddy fields with the ideology of learning, experiencing and holidaying. Selling that through agencies in the West. Of course some local, appropriate highlights not too far away would help. And of course one should have experience first in that field of activities.

[mstribling]

You could sell " How to get rich quick in Issan. " books on the Internet.

They're born everyday you know.

[geronimo]

Depends i think its hard for a foreigner to start a business in Thailand anyway. But if its tourist related your right then rural Thailand is a dead end. However if you want to produce something it is not because that is where cheap labour is. Also land for setting up something is cheaper. So it really depends on your business.

Could always open a fishing park!