I want to make extra money exporting to Mexico. I am doing some research- any ideas?
I have some family in Monterey. I have mentioned a couple of times exporting goods to Mexico. I have decided I will start small. Small machines and clothing.
Small Business - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
You have done a research - well now put your idea into practice, based on your research work - start sending/ exporting the product you have identified to the party / importer in Mexico. By starting a small consignment you may able to gain an experience and real feed back about the future course of action needed.
2 :
When it comes to clothing, I remember this lady over on the West coast somewhere that had two shopping carts full of used quality clothing. She was behind me in the check-out line and I asked her straight forward if she had a business. She confirmed that she had a consignment shop and that she could mark up her clothing at least 10X I thought that was quite ingenious. Alternatively there is plenty of close-out offers for Brand Name new clothing if you can raise some initial cash to buy. When it comes to Machinery; there is at least 2 ways to go; A) Small engines that would help our friends South of the Border with Improving Agriculture. Like motorized tillers could be a way to start; B) then graduate into small used tractors. In both cases you will have to take responsibility for the Part issue; and even have a guy in Mexico to keep up the maintenance on these type of Machinery. C) Whatever Machinery there is a Market for. Check with local import authorities. The way to do the business would probably be to start with the Clothing and Shoes (Some research is needed to find quality shoes; and it will cost you a lot more than clothing.) In any case you'll have to calculate your transportation cost and eventually use a Spedition company that will take care of Insurance as well. In terms of research I would contact the local Mexican government in Monterey; and ask about Import rules for a small business. I would also check on-line for Export rules from this end of the line; and you may get both places. Just don't get discouraged with possible "red Tape". If you can ally with someone that is already importing from the US in Mexico; you could get a head start Write a fact and cost sheet as s you go; to find out what option seem to have a healthy (profitable) structure to it. I wish you a lot of luck. PS I would like to get some feed back from you and find out how this great initiative is coming along. Feel free to contact me at "redwagonretreat@wildblue.net" I am a retired bus. consultant for Small- and Medium sized Companies.
Wednesday, July 28, 2010
Wednesday, July 14, 2010
Why is money aliens make and return that to mexico not taxed?
| Why is money aliens make and return that to mexico not taxed? Illegal aliens come here make about ten dollars an hour and then send most of that untaxed money back to thier country of mexico why dont we tax that money before it leaves America? United States - 2 Answers Random Answers, Critics, Comments, Opinions : 1 : If it's paid under the table, we can't. At least until the employer is caught. Some use stolen SSNs and have taxes withheld but never file a return figuring that "La Migra" will come knocking on the door some night. Those folks actually pay MORE tax than they should in most cases. 2 : It is subject to tax at non-resident alien rates. |
Wednesday, July 7, 2010
How does New Mexico mainly make money now and in the past?
How does New Mexico mainly make money now and in the past?
States have different sorts of income, like Florida is a big tourist attraction. What is New Mexico and what was New Mexico used for in the past, like early 1900's. I need to know this for a project, thanks.
Homework Help - 1 Answers
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1 :
Nowadays, New Mexico does depend a lot on tourism. However, we have several military bases such as Holloman Air Force Base near Alamogordo and Kirkland Air Force Base in Albuquerque, Cannon (I think it's Air Force Base) in Clovis and, most importantly, White Sands Missile Range. We have scientific sites such as the Los Alamos Nuclear Labs and Sandia Labs (in Albuquerque). A hundred years ago, mining was important. The town of Madrid is now a ghost town but it was a mining town in the 1800's. Silver City was, ironically, a place most known for it's copper mines! (It still has Phelps-Dodge mines operating to this very day.) Truth or Consequences and Hillsboro were mining towns. I'm sure there were many others. Farming and ranching continues to be a big thing. Hatch, New Mexico is famous for it's chile. The Mesilla Valley near Las Cruces has Stahman Farms, known for their pecans. There's cattle ranches in the east and sheep in the Navajo lands.
States have different sorts of income, like Florida is a big tourist attraction. What is New Mexico and what was New Mexico used for in the past, like early 1900's. I need to know this for a project, thanks.
Homework Help - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Nowadays, New Mexico does depend a lot on tourism. However, we have several military bases such as Holloman Air Force Base near Alamogordo and Kirkland Air Force Base in Albuquerque, Cannon (I think it's Air Force Base) in Clovis and, most importantly, White Sands Missile Range. We have scientific sites such as the Los Alamos Nuclear Labs and Sandia Labs (in Albuquerque). A hundred years ago, mining was important. The town of Madrid is now a ghost town but it was a mining town in the 1800's. Silver City was, ironically, a place most known for it's copper mines! (It still has Phelps-Dodge mines operating to this very day.) Truth or Consequences and Hillsboro were mining towns. I'm sure there were many others. Farming and ranching continues to be a big thing. Hatch, New Mexico is famous for it's chile. The Mesilla Valley near Las Cruces has Stahman Farms, known for their pecans. There's cattle ranches in the east and sheep in the Navajo lands.
Thursday, July 1, 2010
How much money a year does Mexico make on oil?
How much money a year does Mexico make on oil?
I know they produce 3.42 million bbl/day, but how much money does Mexico make on oil a year?
Other - Business & Finance - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
For Mexico, higher oil prices have a generally, but not completely, positive impact on the country's overall economy. One mitigating factor is that oil export revenues make up less than a tenth of Mexico's total exports, down from more than 70% two decades ago. Increased oil prices also tend to hurt Mexico's main customer for its non-oil exports, the United States, which in recent years have represented a rapidly growing sector of Mexico's economy. Finally, higher oil prices tend to increase inflationary pressures and interest rates in Mexico, while reducing pressures for important economic reforms. On the other hand, despite the fact that Mexican oil export revenues make up only a small percentage of total export revenues, they account for around one-third of government income, meaning that the oil sector plays a major (even disproportionate) role in Mexican economic policy. For 2004, EIA estimates Mexican oil export revenues of about $21 billion, up 27% from 2003, on net oil exports of 1.8 million bbl/d and an average price for Mexican oil -- mainly heavy Maya crude -- of nearly $32 per barrel. For 2005 and 2006, Mexico's oil export revenues are expected to increase, reaching $25 billion by 2006. Mexico's main crude export grade is heavy sour Maya, which is of relatively low quality and therefore fetches a relatively low price on world markets. The other main Mexican export crude is light Isthmus, which sells for around $5-$10 per barrel more than Maya. Mexico's economy is expected to grow at a 4.2% rate in 2005, about the same as the 4.4% growth experienced in 2004. In general, Mexico's economy appears to be recovering from a recession which began in 2001. Mexico's 2005 budget assumes a price for Mexican oil of $27 per barrel, compared to $20 per barrel in the 2004 budget. The assumption for 2004 was around $12 per barrel below the actual estimated price for Mexican oil in that year, resulting in a significant budget surplus. Under Mexican law, oil revenues earned above budgetary assumptions go to fund infrastructure projects in the states, with the rest going to pay down government debt and also back to Pemex, the state oil company. Overall, Pemex sends about 60% of its income to the federal government in royalties and taxes, and is faced with a huge debt burden (over $40 billion) despite its high revenues. Among other things, this means that Pemex does not have a great deal of money to invest in oil exploration. To date, however, Mexico has been unwilling to open the oil sector to private (including foreign) investment.
I know they produce 3.42 million bbl/day, but how much money does Mexico make on oil a year?
Other - Business & Finance - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
For Mexico, higher oil prices have a generally, but not completely, positive impact on the country's overall economy. One mitigating factor is that oil export revenues make up less than a tenth of Mexico's total exports, down from more than 70% two decades ago. Increased oil prices also tend to hurt Mexico's main customer for its non-oil exports, the United States, which in recent years have represented a rapidly growing sector of Mexico's economy. Finally, higher oil prices tend to increase inflationary pressures and interest rates in Mexico, while reducing pressures for important economic reforms. On the other hand, despite the fact that Mexican oil export revenues make up only a small percentage of total export revenues, they account for around one-third of government income, meaning that the oil sector plays a major (even disproportionate) role in Mexican economic policy. For 2004, EIA estimates Mexican oil export revenues of about $21 billion, up 27% from 2003, on net oil exports of 1.8 million bbl/d and an average price for Mexican oil -- mainly heavy Maya crude -- of nearly $32 per barrel. For 2005 and 2006, Mexico's oil export revenues are expected to increase, reaching $25 billion by 2006. Mexico's main crude export grade is heavy sour Maya, which is of relatively low quality and therefore fetches a relatively low price on world markets. The other main Mexican export crude is light Isthmus, which sells for around $5-$10 per barrel more than Maya. Mexico's economy is expected to grow at a 4.2% rate in 2005, about the same as the 4.4% growth experienced in 2004. In general, Mexico's economy appears to be recovering from a recession which began in 2001. Mexico's 2005 budget assumes a price for Mexican oil of $27 per barrel, compared to $20 per barrel in the 2004 budget. The assumption for 2004 was around $12 per barrel below the actual estimated price for Mexican oil in that year, resulting in a significant budget surplus. Under Mexican law, oil revenues earned above budgetary assumptions go to fund infrastructure projects in the states, with the rest going to pay down government debt and also back to Pemex, the state oil company. Overall, Pemex sends about 60% of its income to the federal government in royalties and taxes, and is faced with a huge debt burden (over $40 billion) despite its high revenues. Among other things, this means that Pemex does not have a great deal of money to invest in oil exploration. To date, however, Mexico has been unwilling to open the oil sector to private (including foreign) investment.
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