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making a living in Bulgaria(EU)????


#1 2009-11-03 10:03:46

sarievmev
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From: Pretoria
Registered: 2009-10-13
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making a living in Bulgaria(EU)????

We are planning to move to Bulgaria soon. Our problem is we need a steady income once we are setteld....We would like to have our own business....anybody have idees on what to start??

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2009-11-03 10:03:46

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#2 2009-11-03 10:09:42

christine25
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From: grand baie
Registered: 2008-09-29
Posts: 363
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Re: making a living in Bulgaria(EU)????

Welcome on Expat-blog!

Thread moved on the Bulgaria forum. Good luck in your research.

All the best,
Christine

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#3 2009-11-04 08:41:33

absent
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Registered: 2009-11-04
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Re: making a living in Bulgaria(EU)????

It depends - what kind of own business do you have in mind?

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#4 2009-11-04 14:25:54

thijsbecker
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From: Sofia
Registered: 2009-11-04
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Re: making a living in Bulgaria(EU)????

Nope, it's never about the kind of business. It's about what you like to do and what kind of customers you are able to attract.

In general I would advise expats to start a business towards other expats. Because you speak their language, understand their needs, they'll trust you easier than the local citizens and last but not least they'll have more money to spend.

So, just ask yourself what you want to do the next couple of years first. Because doing something you don't like isn't a good start.

The easiest thing is selling services. And, it's the cheapest option to start a business in. You just need to start with gartering information in the region where you life, to find reliable partners who will be a help to you and your customers. Remember the amount of expats who lost a lot of money on bad building work, accountancy costs and so. You could save newcomers from this!

Selling things isn't that difficult either. You could sell things rom other companies if you don't have the money to fund a stock. Household equipment, (garden) furniture, building materials, etc.

Kindly regards,
Thijs Becker

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#5 2009-11-05 12:58:16

absent
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From: Sofia
Registered: 2009-11-04
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Re: making a living in Bulgaria(EU)????

I disagree with Becker on this one.

You can't exclude the bulgarians as customers whatever you do in Bulgaria. Building your strategy only on foreigners will simply get you broke in the first 3 months.

Most foreigners were selling bulgarian property to other foreigners. There was a boom in this kind of business 2-3 years ago. Now, since the demand because of the financial crisis is minor, they have no income.

I agree on selling services - It's still the best way to make money, all over the world.

I can provide more info, but you have to tell me where in Bulgaria you want to live, what kind of business do you prefer to do, what your expectations are.

Bulgaria isn't an easy country for foreigners, especially Americans and English people. If you don't have a bulgarian friend over here you will be gettin' ripped off every time you make a deal, go to a restaurant or buy a property.

And, if you want to live in Bulgaria, hanging out only with foreigners will cost you twice as much.

I am currently writing a big report for foreigners willing to move to Bulgaria - a real report, not the fancy good looking articles you find all over the web. As soon as it's ready i will post a link to it, read it and you will understand reality in Bulgaria.

I am a re-expat living in Sofia - I moved back here 8 years ago from Germany, where I was raised. Good luck wink

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