Ryan Garrido scales dropshipping business by living abroad
Updated
Updated · Business Insider · May 3
Ryan Garrido scales dropshipping business by living abroad
6 articles · Updated · Business Insider · May 3
The 37-year-old says living in Thailand since December 2025 keeps costs to 10%-20% of income, freeing money for advertising and software.
Garrido said lower living expenses let him launch his store in 2019, with startup costs of about $2,500 including ads, Shopify and other tools.
He said earning in US dollars while spending Thai baht boosts buying power, though running a business abroad can complicate banking, mail, licensing and other logistics.
As fintech solves banking for nomads, what is the next great barrier for entrepreneurs operating businesses entirely from abroad?
With digital nomads driving up local costs, are host countries like Thailand heading towards a backlash against foreign remote workers?