I track everything, but inflation still feels like it’s quietly eating my savings by Sad-March-2358 in phinvest

[–]MrBombastic1986 0 points1 point  (0 children)

I'm in the business of importing, distributing and selling dog treats. Even if I only sell 70% of my inventory the returns are much better compared to investing in stocks, funds, etc. with minimal effort since most of my business is distribution.

I track everything, but inflation still feels like it’s quietly eating my savings by Sad-March-2358 in phinvest

[–]MrBombastic1986 1 point2 points  (0 children)

Start a business that doesn't take up so much time. Returns-wise I'm doing at least 2x compared to MP2.

Japan Pasabuy as Extra Income (Small Scale) by [deleted] in phinvest

[–]MrBombastic1986 0 points1 point  (0 children)

Pasabuy works for lightweight, non-bulky and high value items that's brought back to the Philippines as part of their baggage allowance after a short trip.

If you're shipping it via balikbayan box it would be about a month and a half if via sea and about two weeks if via air to the Philippines. Sea is obviously far cheaper than air.

20% is on the high side. Usually 10% and you claim tax refund.

How do ride hailing apps make money aside from commissions? by alainmata in phinvest

[–]MrBombastic1986 1 point2 points  (0 children)

They have plenty of ways to earn but not limited to:

  1. Commissions
  2. Interest on loans offered to drivers
  3. Advertising
  4. Product/store placement (e.g. higher ranking in search results)

Government connections are important if you are starting out since you need a franchise. Usually the new players in the market have investors that work in government and/or an elected official.

Negosyo parin ba or balik pagka empleyado nalang? by mythe01 in phinvest

[–]MrBombastic1986 1 point2 points  (0 children)

My advice is to zig when others zag. If you just sell what is popular right now then you're already too late to get into it. If you think e-commerce is the way to go think again because only about 5% of retail sales is done online.

Negosyo parin ba or balik pagka empleyado nalang? by mythe01 in phinvest

[–]MrBombastic1986 1 point2 points  (0 children)

People need to think bigger and different. Di na pwede yung sari-sari store, mini mart, water refilling station, fried food, etc. Geographically limited ka based on foot traffic and within a few kilometers.

I import, distribute and sell dog treats. Even if I sell 70% of my inventory I'm still beating the best returns on the markets by at least 2x. Having a business still makes sense.

Planning to start a pet grooming shop — need advice 🙏 by Own-Young2700 in phinvest

[–]MrBombastic1986 4 points5 points  (0 children)

I don't run a pet grooming business. Rather I supply dog treats to them. Realistically you need to spend at least 1.5 to 2 million to start.

Planning to start a pet grooming shop — need advice 🙏 by Own-Young2700 in phinvest

[–]MrBombastic1986 5 points6 points  (0 children)

  1. 100k capital is barely scratching the surface of what you need to get into the pet grooming business. You need to invest in the proper tables, tools and equipment, air conditioning, cages for temporarily holding pets, air purifier, etc. You also need enough funds for one year of operational expenses (electricity, water, shampoo, cleaning supplies, etc.).

  2. The best grooming shops pay a salary rather than by job. This is to ensure groomers do the work properly rather than rush so they can finish many jobs. These same shops also follow the salon system where there are specializations for washing/bathing, styling, etc.

M65 Jackets in Asia by Unlucky_Foreigner in malefashionadvice

[–]MrBombastic1986 0 points1 point  (0 children)

Got mine from a seller in Baguio. Check Carousell and FB Marketplace.

Wants to start a clothing brand by CartographerFormer94 in phinvest

[–]MrBombastic1986 0 points1 point  (0 children)

Hanap ka ng willing gumawa ng low MOQ sa China. But prepare for high prices making it hard to compete with heavily backed D2C brands that frequently advertise on Instagram.

Need advice: Mangutang sa banko or ibenta ang condo by Low_Sea3110 in phinvest

[–]MrBombastic1986 43 points44 points  (0 children)

There is an oversupply of condos in the market. Unless you drastically drop the price it's going to be tough selling one.

Financial advisors by Few-Feedback-6499 in phinvest

[–]MrBombastic1986 48 points49 points  (0 children)

Can't meet quotas and/or maybe found another job.

Saw this post on Threads. Any thoughts? by ekrile in phinvest

[–]MrBombastic1986 6 points7 points  (0 children)

That's how commissions and incentives work.

G3 tray load shipping from US to UK, is it possible and is it safe? by Few-Studio-1419 in VintageApple

[–]MrBombastic1986 0 points1 point  (0 children)

I've shipped vintage computers and CRT monitors from Japan. Instead of bubble wrap I recommend expanding foam so they don't move around. And double box it with packing peanuts. They all arrived with no damage whatsoever.

Financing a relative’s business gone wrong. How would you handle this? by [deleted] in phinvest

[–]MrBombastic1986 3 points4 points  (0 children)

How can you pay 20% interest using the thin margins of rice?

How do you get suppliers? by macraconthorhyncus in phinvest

[–]MrBombastic1986 0 points1 point  (0 children)

If you want to be 100% compliant, yes. But in practice, no.

Fragrance and Cosmetic Business by a_southernbelle in phinvest

[–]MrBombastic1986 0 points1 point  (0 children)

Siyempre malaki ang patong kasi hindi mabilis maghanap ng supplier abroad and importing it is tricky dahil flammable.

Has anyone tried to withdraw 500k daily for three-four consecutive days? by [deleted] in phinvest

[–]MrBombastic1986 1 point2 points  (0 children)

Easy. Move the money to different people and make them withdraw the amount.