singer Posted April 16, 2004 Share Posted April 16, 2004 Are Ex pats retired people living off savings and pensions or are there those who have found a means of making an income and what would that be ? Link to comment Share on other sites More sharing options...
niagarekoja Posted April 16, 2004 Share Posted April 16, 2004 Yes! there`s those living off savings and some living off pensions.A few very wealthy. Quite a few in business one way or another.Obviously quite a few with bars,some succesful believe it or not. Some struggling. Some with restaurants etc. Odd person in IT. Owners of guest houses and hotels Odd tourist company. Link to comment Share on other sites More sharing options...
dr_Pat_Pong Posted April 16, 2004 Share Posted April 16, 2004 Yes! there`s those living off savings and some living off pensions.A few very wealthy. Quite a few in business one way or another.Obviously quite a few with bars,some succesful believe it or not. Some struggling.Some with restaurants etc. Odd person in IT. Owners of guest houses and hotels Odd tourist company. A mixed bag you'll find. Link to comment Share on other sites More sharing options...
niagarekoja Posted April 16, 2004 Share Posted April 16, 2004 Ha! Ha! For sure Link to comment Share on other sites More sharing options...
Ivana Humpalot Posted April 17, 2004 Share Posted April 17, 2004 quite a few with bars,some succesful believe it or not. Who's bar is successful? Link to comment Share on other sites More sharing options...
Basher Posted April 17, 2004 Share Posted April 17, 2004 I have noticed that there appear to be a lot of bars with ladies that will have sex with you for money, I am not sure what the farrang owners did back home, but as they are pimping now they seem to be doing alright out of it. I strongly recommend getting a bar and having pretty ladies init that have sex for money, seems like a good earner. Bash Link to comment Share on other sites More sharing options...
Rinrada Posted April 17, 2004 Share Posted April 17, 2004 You dont miss much...do you ? Link to comment Share on other sites More sharing options...
Basher Posted April 17, 2004 Share Posted April 17, 2004 Have you seen them too? Bash Link to comment Share on other sites More sharing options...
niagarekoja Posted April 17, 2004 Share Posted April 17, 2004 quite a few with bars,some succesful believe it or not. Who's bar is successful? Don`t think my friends would appreciate me telling.They like to keep a very low profile. But lets just say for a fact, I know one who has bought a 5 millon baht house Link to comment Share on other sites More sharing options...
neenthewiser Posted April 18, 2004 Share Posted April 18, 2004 I know one who has bought a 5 millon baht house. Well, if he made that money from a bar he gets my respect. There must be a hundred bar owners making a loss or scraping by for each one making a profit (unscientific figure pulled drunkenly from thin air). Link to comment Share on other sites More sharing options...
fatter than harry Posted April 19, 2004 Share Posted April 19, 2004 neenthewiser, I greatly repsect your researching techniques! So many new bars sprining up and closing down again in a few short months, I feel a bit sad for some of these guys, they come charging in with gusto and great ideas then realize its the same idea and retreat. awww. Link to comment Share on other sites More sharing options...
Pink Mist Posted April 19, 2004 Share Posted April 19, 2004 neenthewiser, I greatly repsect your researching techniques!So many new bars sprining up and closing down again in a few short months, I feel a bit sad for some of these guys, they come charging in with gusto and great ideas then realize its the same idea and retreat. awww. Got some good advice on my second trip to Patong, was introduced to an Expat and he asked me what I did for a living and what my plans for the future were and he said " and please dont tell me you are thinking of opening a bar here" I said no and he gave me a rundown of the failures and successes in the area, the latter far outnumbered the latter. For me that was good advice, I was toying with the idea, banks in Oz were throwing money at people so that wasn't a problem. In reality I just didn't know anything about the place after only 2 short visits. I wonder how many other people have jumped in boots and all and ended up losing their shirts. Link to comment Share on other sites More sharing options...
neenthewiser Posted April 21, 2004 Share Posted April 21, 2004 There always seems to be a steady supply of people stepping off the plane with pockets full of cash thinking all they have to do is buy a bar and that'll keep them here. Soon enough the disillusion sets in, the drinking becomes a problem, the fights with the gf escalate and the losses mount. Then they have to look for someone newer and dumber to offload the bar to. What I'd like to know is what's the record? What's the shortest time between someone buying a bar and the For Sale sign going up? Link to comment Share on other sites More sharing options...
Trackbikes Posted April 21, 2004 Share Posted April 21, 2004 There always seems to be a steady supply of people stepping off the plane with pockets full of cash thinking all they have to do is buy a bar and that'll keep them here. Soon enough the disillusion sets in, the drinking becomes a problem, the fights with the gf escalate and the losses mount. Then they have to look for someone newer and dumber to offload the bar to. What I'd like to know is what's the record? What's the shortest time between someone buying a bar and the For Sale sign going up? Hi, I freely admit that i know naff all about running a bar in Thailand but surely if the guys who step off the plane expecting to open a bar and watch the cash roll in and have unlimited sex everynight tried to run a bar the same way in any country they would also fail? To make a sucess of any business takes 100% dedication, to sit at the end of the bar drinking is certain disaster. But what about the guys who have a proper business plan , research what works and what doesn't, have an "angle" that makes their bar different and instead of getting p1ssed every night actuall watch how the punters are reacting...would they be more sucessful? Link to comment Share on other sites More sharing options...
dr_Pat_Pong Posted April 22, 2004 Share Posted April 22, 2004 Have you seen them too?Bash I thought I saw it one time Bash. Link to comment Share on other sites More sharing options...
LivinLOS Posted September 19, 2004 Share Posted September 19, 2004 the latter far outnumbered the latter.Neat trick !!! What I'd like to know is what's the record? What's the shortest time between someone buying a bar and the For Sale sign going up? Not sure if its a record but Mr P's (was in what is now the pool section of Dragon Disco) spent 8 million baht (so the Belgian fella told me) on renovation and opening and lasted about 6 weeks before they had the door padlocked. More than a million per week open Link to comment Share on other sites More sharing options...
jimbim Posted September 19, 2004 Share Posted September 19, 2004 are there those who have found a means of making an income and what would that be ? Don't forget the people working in jobs that require English as a native language, such as English teaching and working for English newspapers, magazines, websites and publishers. Link to comment Share on other sites More sharing options...
Patong Bob Posted September 20, 2004 Share Posted September 20, 2004 Certainly MP's was a spectacular loss, but due mainly to having no direct access from the street. The stairs to Dragon weren't built then. Do you remember the Platinum Project on Song Roi Pee just before Soi Kepsap ? Rumored to have cost over 200 mill, with about 150 bars, disco, etc. Lasted about two months. The hundred or so bars said to be being built in the old Soi Moodies will be the next disaster. Link to comment Share on other sites More sharing options...
shiva Posted November 9, 2004 Share Posted November 9, 2004 I guess a bar is the investment of choice..but what other choices are there? I'm about to relocate there from maui,and I'd really like to know.. Link to comment Share on other sites More sharing options...
axl Posted November 10, 2004 Share Posted November 10, 2004 I guess a bar is the investment of choice..but what other choices are there?I'm about to relocate there from maui,and I'd really like to know.. <{POST_SNAPBACK}> Construction and home repair (plumber, electrician, carpenter). At least these are the things I spent most money on... Link to comment Share on other sites More sharing options...
shiva Posted November 11, 2004 Share Posted November 11, 2004 I guess a bar is the investment of choice..but what other choices are there?I'm about to relocate there from maui,and I'd really like to know.. <{POST_SNAPBACK}> Construction and home repair (plumber, electrician, carpenter). At least these are the things I spent most money on... <{POST_SNAPBACK}> And how did that business do for you? With all the development, I should think pretty well? Link to comment Share on other sites More sharing options...
axl Posted November 11, 2004 Share Posted November 11, 2004 I guess a bar is the investment of choice..but what other choices are there?I'm about to relocate there from maui,and I'd really like to know.. <{POST_SNAPBACK}> Construction and home repair (plumber, electrician, carpenter). At least these are the things I spent most money on... <{POST_SNAPBACK}> And how did that business do for you? With all the development, I should think pretty well? <{POST_SNAPBACK}> Unfortunately I am not a businessman; sometimes handyman - forcedly.I wish though I would have learnt one of the mentioned jobs or had a company providing professional craftsmen - you asked for other choices? Here they are! Link to comment Share on other sites More sharing options...
Lambastard Posted November 12, 2004 Share Posted November 12, 2004 Why move from Maui. It's No Ka Oi. Advice: never try to compete in an area of business that can be done by locals, period. You either need to be the Sen Yai or nothing at all. I guess a bar is the investment of choice..but what other choices are there?I'm about to relocate there from maui,and I'd really like to know.. <{POST_SNAPBACK}> Construction and home repair (plumber, electrician, carpenter). At least these are the things I spent most money on... <{POST_SNAPBACK}> And how did that business do for you? With all the development, I should think pretty well? <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
The Gentleman Scamp Posted November 15, 2004 Share Posted November 15, 2004 I only know of one man who came to Phuket with nothing and became a wealthy sucess, and respect to him for his achievements, but they were nearly ten years ago and even though it was probably hard then, I'm sure it isn't any easier these days. After six weeks of interviews, phonecalls, networking etc... I discovered that it is far from easy coming to Phuket with no money at the start of the school holidays. The only work available was slimy, commission based time share selling, or if you were lucky, there may be the chance of standing in for a bar owner while he's away and earning between 8 and 12 thousand baht a month and a few free beers. It is near impossible to come here with no money and find work. I was told this by 99% of the expats I met. Link to comment Share on other sites More sharing options...
Darknight Posted November 15, 2004 Share Posted November 15, 2004 and how was your own experience Link to comment Share on other sites More sharing options...
astral Posted November 18, 2004 Share Posted November 18, 2004 It should be noted that those farangs on Retirement Visa's are not allowed to work!! If they do they risk deportation and not being allowed to return. Link to comment Share on other sites More sharing options...
orchis Posted November 18, 2004 Share Posted November 18, 2004 Some guy has set up his wife in their own SandM basement while he works as a tourleader in the SEA region. Link to comment Share on other sites More sharing options...
RDN Posted November 18, 2004 Share Posted November 18, 2004 Glad to see you haven't been wasting your time, Scampy: Hmmm, yes! Stan Laurel.... Link to comment Share on other sites More sharing options...
Elysium Posted November 18, 2004 Share Posted November 18, 2004 Who's bar is successful? <{POST_SNAPBACK}> I know quite a few succesful bar owners in Patong. The ones who are losing are the dumb ones. They are trying to make a small fortune by bringing a big fortune. Good luck to them!! BTW, the more succesful bars do not employ ladies for take away services. Patong is changing more to a family destination. Guys, there you go, that is the business opportunity in Patong! Link to comment Share on other sites More sharing options...
axl Posted November 18, 2004 Share Posted November 18, 2004 Advice: never try to compete in an area of business that can be done by locals, period.Right, so as they can't - teach them Link to comment Share on other sites More sharing options...
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