Making Money in Eastern Europe.

[WorldWide]

Hello everyone, I'm a new member and I was hoping I could gain some insight and suggestions on some ways to make money over in Eastern Europe.

I'm a 27 year old Canadian who is leaving in September to go study in Belarus. I'll be there for a number of years, so I would like to find a way to make money and do well for myself while I'm over there. Belarus as a country is rather poor, with the average person earing a few hundred dollars a month. Government is quite restrictive, so I'd have to be completely above board, legal, moral, and ethical.

If I were to settle for a normal job, my only real options would be teaching English or doing document edits. Both are jobs I could only expect to earn a maximum of about $500 a month. Obviously that's not desirable, I'd like to live well.

Now, I am wondering if anyone has some business ideas on ways I could make a decent living while I'm over there? I'd appreciate the suggestions. I'm willing to put in a decent amount of time to the business, as I will only have about 4 hours of classes per day.

Thanks very much!

[nordicnomad]

Hello everyone, I'm a new member and I was hoping I could gain some insight and suggestions on some ways to make money over in Eastern Europe.

I'm a 27 year old Canadian who is leaving in September to go study in Belarus. I'll be there for a number of years, so I would like to find a way to make money and do well for myself while I'm over there. Belarus as a country is rather poor, with the average person earing a few hundred dollars a month. Government is quite restrictive, so I'd have to be completely above board, legal, moral, and ethical.

If I were to settle for a normal job, my only real options would be teaching English or doing document edits. Both are jobs I could only expect to earn a maximum of about $500 a month. Obviously that's not desirable, I'd like to live well.

Now, I am wondering if anyone has some business ideas on ways I could make a decent living while I'm over there? I'd appreciate the suggestions. I'm willing to put in a decent amount of time to the business, as I will only have about 4 hours of classes per day.

Thanks very much!

Eastern Europe, ehh? Most of the countries in that area aren't really set up to promote free enterprise, even though they say they have a capitalist economy they kill it with red tape and corruption.

My suggestion is to either get into gun running, drug trafficking, or prostitution. A lot of girls in those countries make their way to Italy to work in strip clubs, maybe you could get in on that business, being a recruiter or talent agent or something. Anyway, my point is the couple of months I spent in Eastern Europe made me want to shoot myself in the head. Everything was dirty, the people were nice but miserable, and there's nothing fun to do except drink.

Unless you're setting up a factory or outsourcing a service to reduce your overhead, you probably have no business being in that area of the world. At least in a professional capacity, stop by, take pictures of the nice architecture, and then leave.

Oh, and one more thing. The chicks in Romania and other countries like it really dig Americans. I was over there with the army and I had a friend travel to a near by city for a week. He managed to get laid no less than 6 times on one trip, a record mind you but indicative non the less, so do yourself a favor and tell them you're a yank. Women from poor countries dig that sort of thing.

P.S. Though the $500 a month teaching english might not sound like a lot, that's plenty for you to live like a king over there. I remember going to an aTm machine on our base that gave you the option of local or US currency. I found out that $80 made me a Romanian Millionare... I also didn't manage to spend that much of their money the rest of the time I was there and have a bunch of the worthless paper sitting in a drawer somewhere.

[akula]

Hello everyone, I'm a new member and I was hoping I could gain some insight and suggestions on some ways to make money over in Eastern Europe.

I'm a 27 year old Canadian who is leaving in September to go study in Belarus. I'll be there for a number of years, so I would like to find a way to make money and do well for myself while I'm over there. Belarus as a country is rather poor, with the average person earing a few hundred dollars a month. Government is quite restrictive, so I'd have to be completely above board, legal, moral, and ethical.

If I were to settle for a normal job, my only real options would be teaching English or doing document edits. Both are jobs I could only expect to earn a maximum of about $500 a month. Obviously that's not desirable, I'd like to live well.

Now, I am wondering if anyone has some business ideas on ways I could make a decent living while I'm over there? I'd appreciate the suggestions. I'm willing to put in a decent amount of time to the business, as I will only have about 4 hours of classes per day.

Thanks very much!

welcome

I'm from russia

let me tell you something

you know how if an indian family comes to canada and opens a corner shop, then most canadians are willing to accept that the family has an inherent human right to do business in canada?

in belarus, russia or eastern europe, this doesn't happen. the society at large (irrespective of the authorities) does not recognise that foreigners have a right to compete with locals...and I'm not even gonna get into what lukashenko thinks of foreigners...however, keep in mind that he is consistently ranked as one of the world's worst dictators.

in other words, do not compete with locals for you'll get shot or kidnapped if you do. that's just what happens. in eastern europe, the society recognises that locals have an inherent right to muscle out foreigners...if you look into the subject, you'll be surprised how many foreign businessmen have been murdered last year in belarus

the point: you will need to commercialise opportunities where you help the locals do business in canada or other english speaking coutries. export or inport comes to mind....just don't position your self as a competitor for local entrepreneurs. rather, postion your self as a supporter of belorussian entrepreneurs....particularly in the commodities business.

[zoobie]

Just dropping by!

Great to have you here. What are your interests?

[DrMoney]

Welcome, and Talent agent... Oh ya.

[unzo]

With many Eastern European countries having recently joined the European Union there should be many interesting opportunities opening up over there.

Belarus wasn't one of those countries though and I don't even think it is in discussions...

[chopper]

House prices are on the up in easter europe, if you can afford to get a small house in the city, do it up a little and then rent it out to cover mortgage repayments, and then sell within a year or two, you could make a handsome profit.
Thats what I am doing next year hopefully, I will be going out to check out some houses in Poland.

[columbus]

Oh, and one more thing. The chicks in Romania and other countries like it really dig Americans. I was over there with the army and I had a friend travel to a near by city for a week. He managed to get laid no less than 6 times on one trip, a record mind you but indicative non the less, so do yourself a favor and tell them you're a yank. Women from poor countries dig that sort of thing.

P.S. Though the $500 a month teaching english might not sound like a lot, that's plenty for you to live like a king over there. I remember going to an aTm machine on our base that gave you the option of local or US currency. I found out that $80 made me a Romanian Millionare... I also didn't manage to spend that much of their money the rest of the time I was there and have a bunch of the worthless paper sitting in a drawer somewhere.

This is not true at present day Eastern Europe. And don't mess post-soviet countries (like Belarus) with Romania.
With active lifestyle you need 1000-3000 USD a month to live good.

[Zoxak]

I agree with Chopper. In some Eastern European countries (I'm not certain about Belarus' real estate market) houses can be bought relatively cheap and are going up steadily in price. But yeah, be careful on treading on incumbent businesses. Some people are already suspicious of foreigners and it might be dangerous to add fuel to the fire lol.

[element94]

Eastern Europe, ehh? Most of the countries in that area aren't really set up to promote free enterprise, even though they say they have a capitalist economy they kill it with red tape and corruption.

My suggestion is to either get into gun running, drug trafficking, or prostitution. A lot of girls in those countries make their way to Italy to work in strip clubs, maybe you could get in on that business, being a recruiter or talent agent or something. Anyway, my point is the couple of months I spent in Eastern Europe made me want to shoot myself in the head. Everything was dirty, the people were nice but miserable, and there's nothing fun to do except drink.

Unless you're setting up a factory or outsourcing a service to reduce your overhead, you probably have no business being in that area of the world. At least in a professional capacity, stop by, take pictures of the nice architecture, and then leave.

Oh, and one more thing. The chicks in Romania and other countries like it really dig Americans. I was over there with the army and I had a friend travel to a near by city for a week. He managed to get laid no less than 6 times on one trip, a record mind you but indicative non the less, so do yourself a favor and tell them you're a yank. Women from poor countries dig that sort of thing.

P.S. Though the $500 a month teaching english might not sound like a lot, that's plenty for you to live like a king over there. I remember going to an aTm machine on our base that gave you the option of local or US currency. I found out that $80 made me a Romanian Millionare... I also didn't manage to spend that much of their money the rest of the time I was there and have a bunch of the worthless paper sitting in a drawer somewhere.

You don't have a lot of brain do you?
$80 made you a Millionare just because the currency had no value.
Maybe you and your buddies should have visited the urban centers in Romania. Have you ever been to Western Romania? ( Cluj ,Timisoara, Tg.Mures,Arad ) These are modern European cities. There are different zones in Romania with different cultures. history and set of mind.
As for the bitches you guys picked up , probably some whores that will settle for $30 ( maybe less ) to get you laid.I'm pretty sure you have these types of women in the US as well in poor areas. Too bad you didn't meet real women.
You might want to read some economical/financial magazines or something. People ARE DOING biz in Romania in all domains. True that we are still fighting corruption.It's not something easy to get rid of. But we are trying.
"and there's nothing fun to do except drink" - Tried hiking ? Mountain biking? Paragliding, ski, snowboard, rafting, vitis a museum/castle/citadel ? Fishing ? Shopping in the mall ? etc etc etc....
Didn't think so...