Showing posts with label business ideas. Show all posts
Showing posts with label business ideas. Show all posts

Buying stations make it easier to get into the coffee business

Posted by oink2 Sunday, December 4, 2011 0 comments
 Now, just about anyone with a parcel of land can become a supplier of coffee beans to supply the country's growing demand. One no longer needs a warehouse full of coffee beans to directly trade with the 'big guys.'

More than 25 years ago, the ordinary Filipino coffee farmer would sell his produce to a middleman or to some unscrupulous coffee trader who bought the coffee beans at extremely low prices. Some coffee farmers stuck it out with coffee while a large percentage opted to shift to other cash crops, which eventually led to a shortage in supply.

Then the Nestle Satellite Buying Stations came into the picture, giving the ordinary coffee farmer the choice to become an entrepreneur in his own way as a direct supplier of green coffee beans.

Green coffee beans is the term used to refer to un-roasted coffee beans.

Today, with about 12 satellite buying stations nationwide, Nestle is able to give local coffee farmers a new opportunity. Strategically placed in areas where there is a high density of coffee farmers, the Nestle buying stations purchase coffee beans based on the prevailing world market price.

“We are an ardent supporter of the Philippine coffee industry, being the largest buyer of green coffee in the country,” said Edith de Leon, head of corporate affairs of Nestle Philippines. “We look forward to contributing further to the growth of the coffee industry by collaborating with the various coffee stakeholders to help the country attain self-sufficiency in terms of coffee supply.”

The Department of Agriculture shows that current coffee production in the country is around 34,000 metric tons, while demand is pegged at 60,000 metric tons annually.

The qualities of the beans that Nestle purchases are of the Philippine Robusta variety, that do not exceed 16 percent triage by weight and more than 12 percent moisture content. Coffee beans should also be packed in bags made of jute or other natural fiber.

With the Nestle buying station purchasing coffee beans at world market price, there is a renewed sense of hope for an ordinary coffee farmer who can sell his coffee beans at the right price.

Currently, Nestle operates 11 buying stations in Tagum, Iloilo, Isabela, Zamboanga, Cotabato, Agusan del Sur, Tuguegarao, Solano, Bacolod, Bohol, Calamba, Alabang, and Cavite. The Nestle Satellite Buying Stations open in each province depending on the time wherein the supply is most abundant.
Nestle is also upgrading its coffee processing facilities in Cagayan de Oro City to further increase the production of coffee for the local market as demand continues to grow two to three percent annually.

source: entrepreneur.com.ph
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Foodcart Business under P30,000

Posted by oink2 Monday, November 21, 2011 1 comments
Who say’s you can’t put up a high-quality food cart business under P30,000 or less?  Are  you curious enough to know how much investment needed to put up high-end food carts that sell popular food concept nowadays? Well, two of the most popular cart today that sells only siomai and gulaman will initially cost you P280,000 for the cart and its basic equipment alone. Another popular cart that sells only waffle will cost you P300,000.
Yes, let’s admit, their product is affordable and tastes good but I don’t really get the idea of shelling that much money when you can have your own food cart concept with the same taste and quality for a fraction of the amount.
Of course, there are some food cart companies that offer between P40,000 to P50,000 or even under P30,000, but it merely acts as a front for their MLM scheme. The bulk of the price goes to paying their “network” of people,  so you end up with over-priced and over-hyped foodcart package and products.
If you will not check and scrutinize the package, you will found out later that you were short changed. Most of these companies will not give after-sales support after taking your money. And worse, the products that you’re supposed to sell are not really competitive as promised. Most, if not all, cart with this price range looks like a cardboard box — a few metal poles wrapped with only a tarpaulin. A moderate gust of wind will blow this cart away!
The Real Deal
But, where can you really find an honest-to-goodness start-up foodcart business that will not shortchange you with your P30k investment? Ice Scramble foodcart business is a good example. You can put-up this business and start operation in just two weeks, everything you need is there — ice crusher machine, mixer, initial products, a high quality cart, training, etc. Simply provide a good location and a sales crew, and you’re all set.
Running a foodcart business is not rocket science, it’s even easier to operate this than running a sari-sari store. Return of investment (ROI) is normally 2-4 months, provided of course that your location has at least moderate foot traffic. Your involvement as an owner should be 100%. Yes, complete hands-on or at least checking your cart a few hours a day, if you have a trusted crew.
The Market
What if after sometime, the expected sales are not met anymore? Short answer — change concept. The bulk of your initial investment goes to cart fabrication. If you plan to sell burger instead, simply buy a burger griller for less than P2,000, and you have now a new concept! Another option is to “relocate.”
As of the moment, the most popular food concept in the market are siopao, siomai, burger, noodle, fries, ice scramble, shakes, waffle, rice toppings, dumplings, and nachos. Selling price for these products is between P20 to 50, price that are affordable to people from all walks of life – the “masa price.”
Is the market already saturated with foodcarts? No. As long as people need to eat food and multiply, you will never run out of target market.
To sum up, you can choose a foodcart concept, all-in, and ready to operate in 2 weeks for P29,900. Profit margin is 50-100% and ROI is 2-4 months.
For more information, contact:
FoodcartLink Services
Tel: (02) 340-0156, CP# 0922-862-6154 or 0921-9513522
Email: info@foodcartlink.com
Web: www.foodcartlink.com



source: mixph.com
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Part-time business idea: Dance instructor

Posted by oink2 Saturday, November 19, 2011 0 comments
Do you like dancing? It’s never too late to start making extra cash from your hobbies. And if shifting careers is too daunting for you, do it on the sidelines. You can conduct dance lessons after work, on the weekends and on holidays. All you have to do is just get the word out there and start!dance shoes
Capital: You need about P20,000 to become a dance instructor. Most of it will go to enrolment fees for dance lessons. Getting at least six months of dance training, particularly in ballroom dancing, is ideal. 

Materials: As personal packaging is crucial to success in this type of business, you need to invest in new dancing shoes, shirts, slacks, and perfume or cologne as the case may be. It is also advisable to have dance music CDs of your own.
  
Workforce: Initially, you need not hire staff. When you are ready to put up your own dance studio, however, you may need an assistant to take care of schedules and studio maintenance.

Process: To go into this business, you need to have deep passion and talent in dancing and the skills to teach it. Add good personal marketing and inter-personal skills and you will be on your way to becoming a sought-after dance instructor.

After undergoing a good training program, you can first work as an in-house dance instructor in a dance club. Once you have already gained confidence in your dance moves and in handling clients, you can start working on your own.

Training: By enrolling in formal dance classes and attending its sessions twice or three times a week, you can become a competent dance instructor in four to six months. In dance, one should never really stop learning; even veteran dance instructors still take lessons in new dance movements. 

The types of ballroom dancing you need to master fall under three categories: standard, Latin, and social dancing. Standard includes waltz, foxtrot, Viennese waltz, quick step, and tango; Latin includes cha-cha-cha, rhumba, samba, jive and pasa doble; and  social dancing includes the swing, reggae, mambo, bachata, and Argentine tango. 

Marketing: Word-of-mouth advertising is the best way to promote yourself in this business. You can also use flyers and e-mail campaigns as well as put up a website. In any case, when it comes to choosing a dance instructor, people tend to rely on personal recommendations and referrals. For this reason, says veteran dance instructor Monching Ducay, it is extremely important to maintain a good relationship with clients. Also, punctuality and good grooming are absolute musts.

source: entrepreneur.com.ph
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Home-based business idea: Carinderia

Posted by oink2 Wednesday, November 16, 2011 1 comments
Is your house located in a busy area or surrounded by a lot of office buildings? If it is, then we suggest that you consider putting up a carinderia business. Start your business right in your own home with a small capital investment!

Capital: You need about P15,000 to open a small carinderia or food kiosk. The money will go to two weeks’ worth of inventory of food and ingredients, equipment and utensils, space rentals, and barangay permit fees. You may need a lower amount if you will do business in your own backyard or front yard (deduct P1,500 to P2,000 from the original estimate if this is the case) and if you will use your own existing kitchen utensils (deduct their brand-new cost). Assuming an income of P600 daily six days a week, you can expect to recover your investment by the second month. To look for kitchen equipment suppliers, click here.
Materials: You will need a space to accommodate your kitchen equipment and one to two small tables for your customers; a stove with an LPG tank (or charcoal supply if you prefer to use a charcoal stove); and cookware, plates, spoons and forks, and other utensils.
 
Workforce: You need not hire staff to get started in this business. However, when you feel it’s time to expand or offer a wider variety of dishes, you will likely need one or two staff to serve customers, wash dishes, and clean up the place.

Process:  To do this business, you must have determination and a real interest in cooking. According to Rene Jose Macatangay, a carinderia owner-operator for 11 years now, he would wake up as early as 2:00 or 3:00 a.m. to get the freshest produce when he does his marketing for food ingredients. Promptly at 4:00 a.m., he would be back at his food kiosk to do the cooking.
Finding a good location for your food kiosk is extremely important. A place very near or easily accessible to your target customers, say taxi or tricycle drivers, would be ideal. It’s also advisable to check with your barangay council if a permit is needed for a small carinderia.

Decide how many meals you will serve for the day and prepare a menu plan for at least a week. Some carinderia owners stick to a fixed menu plan particularly if they have already established best-selling dishes. In the case of Macatangay, however, he only serves merienda (snacks) and lunch. He opens at 10:00 a.m. and closes by 4:00 or 5:00 p.m. He regularly serves goto andlugaw (both rice porridge snacks) and tokwa (soybean cake). Although he changes his lunch menu every day, he has standard fare for particular days, like ginisang munggo (stewed mung beans) every Friday.

Make your pricing reasonable and within the reach of your target market.  Macatangay says he keeps his prices low to maintain the loyalty of his regular customers.

Marketing: Word-of-mouth advertising is your best promotional tool for this type of business. Satisfied customers will talk about your carinderia and recommend it to their friends who happen to be in the vicinity. And for Macatangay, it is a source of great satisfaction to see his loyal customers come back every day for his food fare. 



source: entrepreneur.com.ph
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Tips in Starting a Laundry Business

Posted by oink2 Saturday, November 12, 2011 1 comments
Do you want a simple business that has a growing demand and high profit potential? A laundry shop may be your dream business. Reliable “labanderas” are getting harder to find and busy people often have no more time to do their own laundry.
Below is short list of the steps you need to take to launch your venture:
  • 1. Consider your financial resources. You will need a minimum of around Php 200,000 to fund your own laundry. You may opt to get a franchise to lessen the risk but this will mean less control over your business and additional overhead in the form of royalties and other expenses. Still a franchise is a good option because of marketing and operational advantages among others.
  • 2. Determine your target market and find the ideal location. We suggest those near condos and dorms where there is a large demand for laundry services.
  • 3. Check if the water supply is adequate and fit to use. There are places where the water is insufficient or has too many minerals for laundry use.
  • 4. Register your business name once you already have a location. If it is a sole proprietor, go to DTI and if it is a corporation or partnership, you must register with the SEC. Then get a barangay clearance before proceeding to city hall and finally to the BIR.
  • 5. Acquire and install equipments. For a start up it is recommended that get brand new equipments. Second hand machines may break down often and cause more expenses, especially if you factor in lost sales.
  • 6. Hire and train new employees. Check their back ground carefully and have them submit a current NBI clearance. Make sure they are well trained not only on how to operate the machines and clean laundry but also on basic customer service.
  • 7. A return on investment of one year or even less is very possible if you have a good location and you know how to run your laundry well.

source: mixph.com
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How to start a Pawnshop Business

Posted by oink2 Thursday, November 10, 2011 1 comments
Pawnshops and pawnbroking have been around for thousands of years. The basic idea behind any pawnshop is to loan people money. In the Philippines, pawnshop has the highest rate of interest earned for one year. Normally loan interest rates is at 60% (5% x 12 months ) annually on every loan released compared to 10 – 20% interest rates of the commercial / rural banks and other financial institutions. It has a potential to earn a Return of Investment in just 3 years and a half.
This is the reason why the growth of pawnshop is compared to sprouting mushroom even at stiff competition with multi-national pawnshop companies, locally owned pawnshop can still perform well and got a sliced of the short term credit market.

1. Call Bangko Sentral ng Pilipinas (BSP) pawnshop hotline, (02)524-8713, to check if the pawnshop name you want is already taken.
2. Register your business either at the Department of Trade and Industry (DTI), for single proprietorship, or the Securities and Exchange Commission, for partnerships or corporations.
DTI is located at the Trade & Industry Building, Sen. Gil Puyat Ave., Makati. In the provinces, DTI offices are in or near municipal buildings. Application forms are also available at DTI’s website. Only Filipinos may own a pawnshop organized as a single proprietorship. For partnerships and corporations, foreign ownership should be limited to 30 percent.
3. Secure a business permit from the city or municipality where pawnshop will be located.
4. Register with the BSP. For the complete list of requirement, download the form here. These include permits from the DTI or SEC and the local government, an information sheet, personal data sheets, bank certification of at least P100,000 capital and location sketch.
5. Pay the processing fee of P1,000.
6. It will take two to three weeks for the BSP to process your application. Make sure you open your business within six months after the application is approved or your permit will be revoked.
FAQ – Nature of Pawnshop Business
1) What is the nature of Pawnshop Business and the Pawnshop Industry in the Philippines?
In observing the growth of micro enterprises in any Philippine cities and town areas are one of the sign that people nowadays wants to have additional income due to the rising prices of basic commodities and services, accompanying the implementation of Value Added Tax (VAT) and the unpredictable increase of crude oil in the world market to meet the needs of their families. Even the labor sector specifically the employees are in search for things to sell in their offices and work places to augment their income. So even the business and investment sector are now looking for crisis proof business which will entail them a good return on their investment. They don’t want to risk their money to start up business due to ineffective operating systems and knowledge about the market.
But for the Pawnshop Industry, economic crisis is the reason why they are in the business. The people today are learning that they could get a better deal and a better buy in a pawnshop than in a regular retail store. But before we go to Pawnshop Services and Operation let us discuss the Pawnshop’s Nature and its Industry;
The Pawnshop Owner or simply describes as Pawnbrokers (collateral loan brokers) engage in short term credit. This loan is made at a relatively high interest rates based purely on the intrinsic value of the collateral. The business answers the huge loan demand of the people belonging to the low income strata which left unattended by the banking system. The bank usually requires collateral such as real estate properties, salary statements or payrolls, tangible assets like equipments, machines, plant etc., which the middle class does not possess. They also require an arduous and tedious processing which result to untimely release of short-term credit which they needed to pay their over due bills and other financial obligations.
The bank also doesn’t allow small amount of loans ( Php 200.00 to Php 2,000.00) just to pay the said bills, tuition fees and other emergency expenses arises which are not part of the budget allocation for the month.. This economic opportunity – a huge short term credit demand – left unattended in the market by banks and other financial institution made the Pawnshop as the leading grassroots money lender, serving as a source of credit to millions of Filipinos, providing average small-secured loans – Php 200.00 to Php 1,000.00) for a brief time period (2 to 4 months).
In 1999, there was one (1) pawnshop for every 8,756 people in the country and today in the Philippines there are more than 10,000 registered pawnshops and 5,000 pawnshop owners according to the Bangko Sentral ng Pilipinas (BSP) that is up close to 3000 Pawnshop in 2000. This figure far exceeds the number of banks and bank owners in the country.
The BSP and other financial analyst have seen a stable growth rate of 10 -20% in the next several years which means the Philippine Economy can still accommodate 1000 to 2000 new Pawnshops due to the following reasons;
i. HISTORIC GROWTH REGARDLESS OF ECONOMY
Pawnshop does best during periods of high unemployment and tight money when customers seek to convert property to cash. They also do extremely well during periods of economic expansion, when loans tend to be short term and used for meeting unexpected bills for daily consumption, medical expenses, appliance replacement, and home and vehicle repairs.
ii. FAVORABLE LENDING CLIMATE
The Pawnshop Industry is regulated and governed by Presidential Decree No.114 decreed by the late President Marcos in the early 70′s. P.D. 114 has always been favorable to the pawnshop industry. This is the reason why number of pawnshops has increased in previous years.
iii. PROFESSIONALISM AND FRANCHISING
Pawnshop are now manage by Professional Staff and Officers which results to more innovative marketing strategy and customer care that benefits its clientele. It also hires and trains its staff for courtesy and standardized procedures in dealing with the customers particularly those who not been privilege for their education, explaining to them the policies and regulation in entering the short term credit such as the date of expiration and the interest incurred on the said short term loan. Franchising the pawnshop also spear-headed the growth as more interested franchisees wants to invest in pawnshop business, usually amazed with growth of pawnshop in their community, like mushroom sprouting around its corners of the business area. Franchising helps neophyte entrepreneur to achieve success rate of operation and return on their investments at 97% rate compared to 33.33% rate of business success in a trial and error operation system of a starting business.
iv. IMPROVING PUBLIC IMAGE
Sensitive to the historic, unfavorable image of pawnshops, many modern pawnshop operators are striving to win public approval and acceptance. Modern Pawnshop owners are participating in Civic and Religious Organization which has a mission in helping the less privilege sector of society by continuous education in Early Childhood, Earning Additional Income, and Spiritual Nourishment Programs which is vital to regain their dignity and become productive citizens of our society. For instance, SMDC Pawnshop and Jewelry CO., helps the young children of the poor for their Preschool to College Education by sponsoring them in the programs for the poor children and youngsters of Our Lady of Lourdes Catholic Charismatic Foundation Inc. This is part of the social responsibilities being accounted for by the Pawnshop business.
Nowadays, many people see pawnshops as legitimate businesses that pay taxes and hire people, just like other respectable businesses. In the past, the poor reputation was earned, but pawnbrokers have done a good job dispelling those old scenarios and running clean, respectable operations. If the pawnshop owner does not run a respectable pawnshop, most likely he will not make to walk in the ladder of success of pawnshop industry.


source: mixph.com
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Starting a Money Changing Business

Posted by oink2 Wednesday, November 9, 2011 0 comments

There are many places that have a strong demand for a money changing business. The growth of tourism and our large OFW population has guaranteed a huge market to be tapped by money changers. This is one opportunity you may not want to miss. It is a simple business if you know how to start and operate it. Below is a shortened and simplified step by step procedure to give you a basic idea on this business:
1. Find an ideal location. The key to success in this business is to secure a location in a place where there are many potential customers who feel safe when changing money. Previously this was limited to areas where there are many foreigners like the tourist belt. Now, some of the best locations are public markets, commercial areas, malls, and other places where a lot of people find it convenient and secure to change money. A location where you see money changers overflowing with customers are prime spots for putting up this business.
2. Registering a money changing business. A money changer business can be a sole proprietor, corporation, or partnership. Sole proprietors need to go to the department of trade and industry, while corporations and partnerships must go the Securities and Exchange Commission. You then must get a barangay clearance before proceeding to get a mayor’s permit and then registering with the Bureau of Internal Revenue and having your receipts printed.
3. Requirements of the Central Bank. You also need to register with the Central Bank. One of the key requirements of the Central Bank is attendance at the Anti-Money Laundering Law Seminar.
4. Capital needed. While there is no legally mandated minimum amount, it is recommended that you have around five hundred thousand pesos to start this business excluding a minimal amount for renovation, furnishings, and equipment. A bigger capitalization will enable you to have more transactions.
5. Learn buying and selling prices of different currencies. You make your profit from the difference in value between your buying and selling of currencies and so you must know the way of rapidly updating buying and selling prices.
6. Learn counterfeit money detection. The most critical operational skill you and your staff must acquire is to learn how to detect fake currencies. To do this, you must have the tools of the trade: the lens, ultra violet money detector, and white light.
7. Attracting and retaining customers. On the surface it seems that your product or service is hard to differentiate. However, there are many aspects that could be made more appealing to increase the chances of customers preferring your shop. Physically, make external facade look neat with your signage prominent and clean. But the most important is to have well trained staff that can deliver excellent customer service.
The money changing business offers the prospective entrepreneur a solid business opportunity. The demand for this service will most probably continue to grow. If you want to gain more information on money changing, Businesscoach Inc., a leading business seminar provider, offers a two-day seminar on the topic. 

source: mixph.com
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Making the most out of your bazaar experience

Posted by oink2 Friday, November 4, 2011 1 comments
It's the bazaar season once again and with All Saint's Day and All Soul's Day over and done with, we can expect everyone to go full blast on their holiday preparations. And that includes bazaars!

From the high-end bazaars in posh villages, to celebrity bazaars, and the weekly evening bazaars, major cities in the country will have bazaars left and right to satiate the shopping needs of the Filipino. And since bazaars is an opportunity for entrepreneurs,Entrepreneur.com.ph listed down tips on how you can make the most out of your bazaar experience.

PRE-BAZAAR
1. Research! Research! Research!
Check the track record of the bazaar organizer and the foot traffic of their previous events. Find out if the bazaar’s target market fits yours. Examine the venue’s accessibility and the lineup of merchants as well. 

2. Be introspective.
Try to put yourself in the shoes of prospective bazaar-goers and think out if the bazaar venue you have in mind is actually a place you would want to visit. And if there’s going to be an entrance fee, would there be a degree of reluctance on the part of the bazaar-goers? 

3. Promotion
Find out how the bazaar organizer can further promote the activity and your brand.

BAZAAR PROPER

1. Flaunt your PR skills.
Really talk to your clients! There is so much you can learn from them by simply listening to their ideas and suggestions on how to improve your products. Get their contact details. 

2. Always bring a set of business cards and promotional tools.
Have a business card or flyer ready. That’s also the easiest way to generate regular customers. 

3. Smile!
Enjoy the experience and have fun no matter how tedious the bazaar is. Your aura reflects on how you deal with clients, and it can either attract or disappoint a customer.




source:entrepreneur.com.ph
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Christmas decor trends feature eco-materials

Posted by oink2 Sunday, October 30, 2011 0 comments


Christmas is definitely one of the most anticipated holidays of Filipinos. And it is not only shown with the length of Christmas celebrations in the country but even how well the economy performs during the holiday season.

Not only do Filipinos shop most during the holidays, they are also known worldwide for their creativity and craftsmanship in creating the best holiday ornaments. During the recently concluded October 2011 Manila FAME International, the best Filipino Christmas ornaments made out of natural products were showcased at the Naturalist Pavilion.




source: entrepreneur.com.ph
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Home-based business idea: Antique restorer

Posted by oink2 Monday, October 24, 2011 0 comments


What will I be doing? 
Maintaining the quality of antique pieces or stopping their deterioration.

What will I need to start? 
Some knowledge of antiques and their worth—something you may learn from an expert. To restore a piece of antique, you’ll need bleach, paints, varnish, and simple carpentry tools such as carvers, hammers, measuring tape, and saws. Learn how to appraise the value of antiques and know how they’re supposed to look by visiting antique stores.

Who will my customers be? 
Those who have recently bought a piece of antique or are about to sell one. Visit antique stores such as Heritage Antique Shop Inc. on 223 N. Garcia, Bel-Air Village, Makati. Call them at  (02) 890.1257. There is also Jo-Liza Antique Shop in Blumentritt, San Juan with telephone number (02) 726.7871 to establish contacts. You’ll also get a lot of work from architects and interior decorators

How much should I charge? 
Prices start at P300 for small pieces such as picture frames and P200,000 to P300,000 for doors and furniture pieces. A good quote would include the cost of the materials you’ll need to buy plus 50 percent service charge. The more work you do on a piece, the higher your fee.

How much will I make? 
The price you quote minus all expenses.




source: entrepreneur.com.ph
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Home-based business idea: Novelty bags

Posted by oink2 Tuesday, October 18, 2011 0 comments


If you make the right moves, you can recover your initial investment in this venture right after delivering your first order

Capital: About P10,000 or more in capital is needed to start producing your own novelty bags. This amount depends on the quantity of bags to be produced, the material and the detailing required, and the occasion for which the bag is to be used. In the case of Pearli Bersamin, a solo bag designer who specializes in doing beadwork, she wanted to make beautiful, mass-produced pieces, so she had to source fresh water pearls, Swarovski crystals, majorica pearls, glass beads, semi-precious stones, and wires to accent her bags. On the other hand, Bang! 'Corporation, a five-member group formed to do a business thesis requirement at De La Salle University, invested P10,000 to purchase banig and microfiber to line their “habi bag”—a bag that also doubles as a mat.

Bersamin was able to recover her investment after just one order, while Bang! Corporation broke even after six months of operation.

Materials: Aside from the raw materials for the bags, you will need a cutter or scissor, long-nose and round-nose pliers, needle and thread, and other basic tools for putting the bag together. As you expand or when you change styles, you will need to buy other supplies like ribbons, sequins, and buttons. Bersamin gets  most of his materials from a regular supplier, the rest from Divisoria in Manila. The five women who run Bang! Corporation source their material from the uncle of one of the members who works in Divisoria.

Workforce: During their first few months of operation, the members of Bang! Corporation designed and sewed the habi bags themselves. Later, however, they began outsourcing the production to keep up with the growing demand. Bersamin likewise gets extra help to produce her bags when orders pick up substantially. 

Process: The bag industry is very competitive so it is important to come up with good bag designs and to have a specific market for the bags. Michelle Alamanzor, one of the partners of Bang! Corporation and an avid surfer, came up with her special bag design because while at the beach, she found it difficult to lug around both a bag and a banig.

The next step is to devise a working design and possibly several prototypes. You will also need to scout around for the best material for the product, both in quality and price. You can either handcraft each piece yourself or, if the process is too complicated, outsource this step to an existing manufacturer. In an industry as fleeting as bags, you need to see to it that every piece is done well and that you are constantly improving your designs. You can read magazines and surf the Web to come up with new bag ideas.

Marketing: When selling items per piece, the tried-and-tested way is to begin with your own established personal network. Bersamin says that her friends do most of the promotion of her products but that she promotes them through her website as well. When it was just starting, Bang! Corporation sold its bags to its members’ families, friends, and professors. They also joined bazaars, shipping the bags to Bacolod, Boracay, Davao, and Tuguegarao and to as far away as Dubai and Guam. “And of course we use our bags ourselves all the time,” says Irish Gao, another partner in Bang! Corporation. 






source: entrepreneur.com.ph
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Business ideas for Christmas: Coco revel bars

Posted by oink2 Thursday, October 13, 2011 0 comments




There is no more perfect time for one to try getting into business than the holiday season. Since most Filipinos start celebrating as early as soon as the 'ber' months roll in.

Let's kick off this Christmas special with our recipe for this week: Coco revel bars. A popular Christmas treat that is enjoyed during the holiday season. A little bow and neatly folded wax paper makes this a great product that you can sell.
Coco Revel Bars
1 cup flour
1 1/2 cups quick-cooking oats
3/4 cup sugar
1/2 teaspoon baking soda
3/4 cup softened butter

1. In a large bowl, mix together flour, oats, sugar, baking soda, and softened butter.
2.Press half of the oat mixture into an ungreased baking pan. Spread with coco jam. (Too sticky? Just zap the jam in a microwave for 10 to 20 seconds and stir.) Top and press with the remaining oat mixture.
3. Bake in preheated oven for 20 to 25 minutes at 350°F.


source: entrepreneur.com.ph
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