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Old 12-29-2014, 10:01 AM
 
537 posts, read 544,648 times
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Some people buy stuff from other countries (USA, China, etc.) and then go to Latin America and sell the same items at highly inflated prices.

Why don't people in Latin America just buy these things online (provided they have internet access) cheaper from sites like ebay, amazon, etc. like the rest of us?
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Old 12-29-2014, 10:14 AM
 
Location: All Over
3,971 posts, read 4,193,378 times
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Going to latin america and getting screwed, yes many people go to brazil and columbia for the beautiful women...lol...hold up thats not what you wer talking about.

Just kidding, its not just latin america its many places. I remember years ago people used to bring levis to eastern europe and sell them for 5x what they cost in the usa. My coworker is from egypt, he will pickup iphones off criaglsist for $100 or $200 and go to egypt. He doesn't sell them but gives them to his family but says he could sell them for $1,000 or more for like an iphone 4.

I'm guessing either it will get stolen from the mail before arriving or customs places like a 60% duty on them. There are many people who do something they refer to as arbitrage, I think I'm using the term right. Basically people will buy a couple ipads for like $400 go to Brazil and sell them for like 2k a piece and get a free vacation out of it. There's a forum called rooshvforum its mainly a pickup forum but many guys on there are world travelers and also looking for hustles and discuss doing stuf like this regularly on there.

The catch you can bring stuff thats yours for personal use so you can't go over with a suitcase full of ipads you can probably get away with 2-3 maybe 4 not in origional packaging.
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Old 12-30-2014, 08:15 PM
 
Location: North Idaho
20,999 posts, read 25,737,156 times
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I only know about three Latin American countries for sure. For those countries, import duty runs about 60%-80% and not just on the cost of the item, but it is due on shipping costs, too. Packages arriving by post are held by customs until the import duty is paid. Import duty is often more than the cost of the item.

Shipping costs are high. Theft is a possibility. Many online companies won't ship to South America.

If a person is flying down and places items into their luggage, they most often don't pay import duty on those items. Unless there are multiples of one item, customs regards them as your personal items for your own personal use.
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Old 12-31-2014, 06:00 PM
 
Location: Under a bridge
2,423 posts, read 2,998,688 times
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So many people that live in Tijuana go to San Diego to shop. The malls in cities like Bonita, Chula Vista, La Jolla and El Cajon do well around Xmas shopping time with people from TJ. The items sold in stores like Walmart, Costco and The Home Depot in Tijuana cost more.
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Old 01-01-2015, 03:13 PM
 
28,906 posts, read 45,194,930 times
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Quote:
Originally Posted by tankhead View Post
Some people buy stuff from other countries (USA, China, etc.) and then go to Latin America and sell the same items at highly inflated prices.

Why don't people in Latin America just buy these things online (provided they have internet access) cheaper from sites like ebay, amazon, etc. like the rest of us?
Latin America has corrupt government and economic policies that are -- as often as not -- populist. It's amazing that anything at all gets done down there.
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Old 01-01-2015, 05:38 PM
 
Location: Port Charlotte
3,926 posts, read 4,392,839 times
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It is amazing what tax duties can be. The Caribbean cruise boats routinely restock at St. Maartin as it is duty-free. About a 50% savings.
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