Ever On The Trail Of The World’s Most Awesome Stuff
When he was 9-years-old, our son Jack declared that he wanted to start a business. His idea was to create a website to sell trinkets and crafts from the places where we travel. We helped him with a name for the enterprise, and his Dad purchased the accompanying domain name. Trader Jack’s Bazaar was born.
Then we suggested that maybe Jack could work to develop the business with his older sister. We were living in Paris at the time, and Jack’s sister Kaitlin was in the States for college. The two would hold business meetings during holiday breaks, but progress was slow.
Earlier this year, Kaitlin and Jack (now 13) reconnected on the idea and have been working together in earnest since to launch their enterprise. The marketplace website is under construction, fulfillment systems have been put into place, marketing copy has been written, and the whole family is now involved in sourcing products. We have our marching orders in the form of the Trader Jack’s Bazaar Mission Statement:
Ever on the trail of the world’s most awesome stuff.
This weekend the trail has led us to Medellin, Colombia.
Colombia is one of the five countries Kaitlin and Jack want to represent on their website for the launch (the others are Ecuador, Panama, Kenya, and France). They’ve also designed some Live and Invest Overseas-branded products, including the De Leon Duffle and the Pickwick Pen.
The focus here in Colombia is on cow hides and leather products. Kaitlin, Jack, and Lief met Friday with our local source and stocked up on inventory. Our timing for this buying trip, coincidentally, couldn’t have been better. The exchange rate between the Colombia peso and the U.S. dollar is more in favor of the dollar-holder than it has been in the four years we’ve been focused on this market. Our dollars today buys us 2,000 pesos, meaning the cow hides and leather products we’re buying are about 12% cheaper, thanks to the currency fluctuation, than they were when we last priced them about five months ago.