Selling something that doesn't exist

The no investment way to bring Technology into underdeveloped communities

May 31, 2024

Entrepreneurs in underdeveloped and third-world countries often face a common dilemma: how to overcome financial challenges and secure early investments to establish a stable financial infrastructure for their businesses. Well, we don't follow that conventional path; instead, we go Dunki!

"Dunki" is a Punjabi term often used to describe the illegal migrations from one country to another, typically from underdeveloped to developed nations. Now, we're not suggesting that the methods discussed in this blog are illegal, but they could be considered Dunki in some ways. This is because people in underdeveloped communities are often kept far removed from such opportunities, and if implemented, there's a significant potential to impact these communities.

Recent statistics show that almost 30% of the world's leading businesses operate as resellers. Consider Amazon, for instance. Ranked among the top 5 or 6 businesses globally, Amazon doesn't necessarily own all the products listed on its platform. Instead, what Amazon truly possesses is a platform built early on, with an initial investment of just $10,000 by its founder, Jeff Bezos. This investment represents a minuscule fraction (0.0000005263%) of the company's current value. When we look at Amazon's current market capitalization, it's safe to consider this initial investment as practically nonexistent. How did Amazon amass such wealth? By creating a digital platform and engaging in the resale of various goods.

Another noteworthy example is Alibaba. Initially, the company owned nothing but a platform. Yet, Alibaba's impact on its host country's national economy is staggering. In China, a leading economic powerhouse, Alibaba is believed to have contributed over 2.5% to the national GDP and directly or indirectly created 40 million jobs. Alibaba's platforms, such as Taobao and Tmall, account for over 55% of the country's e-commerce market share. Additionally, Alibaba's digital payments platforms boast approximately 1 billion users, significantly contributing to the shift towards a cashless economy.

Amazon currently holds approximately 50% of the US e-commerce market and has invested over $50 billion in logistics infrastructure in the US alone. This underscores the crucial role these companies play in shaping and building economies.

Now, what does this lead us to? Companies that started with almost no investment are now among the top 10 companies globally based on market capitalization, all thanks to a digital platform. When considering this, it's natural to think about entering the resale market. While the examples provided earlier focus on goods resellers, there are also companies that have generated millions of dollars by reselling services; Freelancer can be named as an example for this.

The call to action is straightforward: what do you need to build a digital platform for reselling? Quite simply, very little. Work with a team of developers to create a platform, or try building one yourself, as I did (a recent product of mine, Marketyaab.com). And yes, you can even employ AI to aid in your efforts for building one. In fact, the whole story is about using AI to do this. That being said, building these products would allow us to have a solid business start with close to no investment while we would not be competing with giants like Amazon and Alibaba in our markets. In underdeveloped communities where e-commerce and resale are still in their infancy, using artificial intelligence can help establish the infrastructure needed to become the leading e-commerce market player in your economy. By doing so, you can generate employment, grow technological familiarity, and ultimately contribute to scaling the country's GDP. The time to act is now.

A team that would do just that for you is none other than Marketyaab.

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