Learn techniques, tips and ideas in finding a suitable retail business in the Philippines. Includes manpower costs, franchising and more.
Beyond using cash payments, Filipinos are now becoming more comfortable using digital payment options to settle bills and pay for merchandise. This cashless ecosystem empowers both the buying public and businesses to rely less on bills and coins, which occasionally deal with issues such as damage, counterfeiting, or being out of circulation. The COVID-19 pandemic…
Setting up a new business like a sari-sari store can be an exciting venture, even with a small budget. But it requires a lot of thinking and execution of plans. Sourcing your capital money, designing your shop, registering the business, and promoting it are just a few of the items on your checklist. Our aim…
Setting up a new business like a sari-sari store can be an exciting venture, even with a small budget. But it requires a lot of thinking and execution of plans. Sourcing your capital money, designing your shop, registering the business, and promoting it are just a few of the items on your checklist. Our aim…
The pricing strategy of a sari-sari store is crucial to its existence and survival. The sari-sari store has become an established retail platform in the Philippines, present in almost every corner street in the country, serving the community and fostering the entrepreneurial spirit in the neighborhood. As simple as its setup looks, a sari-sari store…
The pricing strategy of a sari-sari store is crucial to its existence and survival. The sari-sari store has become an established retail platform in the Philippines, present in almost every corner street in the country, serving the community and fostering the entrepreneurial spirit in the neighborhood. As simple as its setup looks, a sari-sari store…
Do sari-sari stores really make money? What is a typical sari-sari store income? And with that, we mean: are sari-sari stores profitable enough to sustain this micro-business funded from sources ranging from OFW money or life-long savings. Sari-sari stores have been a part of Filipino retail tradition that has become an epitome of a basic…
For Single Proprietorship 1. Business Name Registration Visit Department of Trade & Industry (DTI) Provincial Office where the business is located or log on to www.bnrs.dti.gov.ph Validity : 5 years Requirements: Accomplished Business Name Registration Form [Single Proprietorship/Partnership (Optional)] Registration fee of P300.00 2. Mayor’s Permit Agency: Local municipality where the pharmacy business is located…
Building your hardware supply business can be an intimidating thing to do especially if you are unfamiliar with the trade. But perhaps an opportunity to establish one is very obvious that you don’t want to pass up this chance. A hardware supply store caters to various needs of customers, whether they’re building a house, decorating…
Online shopping has been a growing retail business in the Philippines. Ranked 11th worldwide with 57 million Internet users, online businesses should see plenty of opportunities. User penetration is 44.1% in 2018 and is expected to hit 46.7% by 2023. Philippine banks such as BPI, BDO and Metrobank are also working to make mobile banking…
Sari-sari stores in the Philippines are a unique and intimate part of the Philippine retail culture. We not only involve business when transact with sari-sari storekeepers when we holler that familiar “pabili”, we often get involved with their lives. We share gossips about famous celebrities, learn new things in the neighborhood, get invited in baptism,…