Size of the market vs competition&saturation

I believe in potential. I will explain this in more detail, later.

Business-wise, in US, there’s potential for virtually everything. See the examples from my own experience, below.

On the contrary, in Turkey, if you expect high volumes in sales, you have to have the right product or service. Niche areas might cause disappointment, as long tail is usually much longer than the regular size :)

During my stay in USA, i did the following and got pretty successful in each of them:

1- I brought some electronic items and apparel purchased from outlet stores and sold them in Turkey. This is the simplest one, everyone does that. But it paid for my plane tickets, almost every time!

2- I brought some authentic pashmina scarves on my last visit to USA. And sold them at a 100% profit at a local festival.

3- Paypal did not allow Turkish users to withdraw money from their accounts back then. I posted an ad, and announced that i would get 3% flat commission (plus Paypal fee) to transfer funds from Turkish paypal accounts. Users sent me money in USD’s, and i sent them back via wire transfer from my Turkish bank account. Not only i made money, but also avoided transfer fees to wire money from Turkey.

4- (This is the best one) I rented a van, collected free couches and sofas i found on Craigslist “free stuff” category, and sold them at prices ranging from $50 to $100 on Craigslist again. This could be the best business idea i’ve ever had. My dream was to setup a team of drivers, locate them via GPS, and following Craigslist ads all day, build them a route, redirecting them from my house.

I can’t imagine doing any of these in Turkey and making a significant amount of money. I’m aware of the fact that it all comes down to the size of the market. The upside is that you don’t face as tough competition as there’s in the United States, and you can still find a lot of unsaturated markets.

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