This is the single reason why many Sari-Sari stores are shuttered up. Lastly, do not condone the practice of credit. Remember the saying, “When in doubt, throw it out.” Implement the practice “FIFO” or First-In, First-Out rotation of inventory. Customers will not patronize stores that are frequently out of stock. Third, manage your store well! Keep track of inventory. Offer cell phone loading services, school supplies or have a small canteen nearby. Second, sell diversified products to keep customers coming back.
Thus, if you want to have an advantage over your competitors having better wholesale prices will allow flexible retail pricing. Merchandise in Sari-Sari stores is typically higher than the supermarket because it does not have the advantage of economies of scale. The quintessential home-based business! The Sari-Sari store is everyone’s favorite neighborhood grocery store.įirst off, you should register your business to avail of tax benefits and better terms with suppliers and wholesalers. Not bad considering that if you place your money in a savings account, all you will get is 2.5% per annum! The commission rate on the cell phone loading business averages 7%. In a nation of more than 72 million mobile users, you will always have a market for the electronic load. The majority of mobile users in the Philippines are pre-paid because they can manage their phone expenses. The start-up capital? 1,000 Pesos for the initial load.
Coffee shop tycoon save cannot backup Pc#
Is there a village or subdivision in the Philippines without a cell phone loading business? With a cell phone loading business, you already have a captive market inside your village.Īll you need is to sign up as cellphone load vendor with a carrier such as Smart or Globe or an All-In-One SIM card supplier, and you’re on your way! You can use your cell phone or PC to send load electronically. Parents would prefer to entrust their children with duly registered and legal Philippine entities. You should have multiple computers, individualized workstations and different hours of instruction per grade level.Īgain, it would be advisable to register your business as a corporation. Your house should have the facilities to carry out instruction. If not, you should hire qualified teachers. If you plan to open a Tutorial Services Center, you should be a licensed teacher or certified to provide instruction. Off Site Tutorial Services – You go to the house of your students to render tutorial services.The Philippines’ strongest markets are South Korea, Taiwan, Japan, and China. Online Based – You can also cater to the international market particularly to countries that want to improve English proficiency.Home-Based Tutorial Services – Students come to you for assistance in specific subjects.This is a type of business that gives you a number of options: Specialty Foods- Vegan, Gluten-Free, Paleo Diet.Educational products – e-learning or digital products.Baby Products – Environment-friendly products like Jessica Alba’s “The Honest Company.”.Active Wear or “Athleisure” – Gym clothes that you can wear anywhere.You can register your business online with the Securities and Exchange Commission. They prefer to deal with corporations instead of sole proprietorships. To get the best prices, you will have to deal with manufacturer’s accredited wholesalers. If you plan to sell products, I suggest that you set up a corporation. If you plan to start an e-commerce business at home, all you need are: E-commerce sales in the United States are expected to hit $550 Billion in 2016. The industry is projected to grow at a rate of 20% per annum. In 2014, worldwide e-commerce sales topped $1.5 Trillion. The globalization of business, the evolution of digital technology and the increasing influence of the Internet have resulted in the tremendous growth of e-commerce. 15 Home-Based Business Ideas to Earn Extra Cash in the Philippines 1. Take control of your financial future by considering these 15 innovative business ideas to earn extra cash at home. If you want to generate wealth, you have to be creative.
0 kommentar(er)
