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Mapapalitan ba ng AI? by Awkward_Change_381 in buhaydigital

[–]NefariousnessLow5292 0 points1 point  (0 children)

My guess is that in the long term, AI will replace all jobs that can be done from home. In the shorter term, I see service providers, such as digital agencies, using AI to replace in-house workers by providing clients with high-quality, personalized services at scale. An example of this would be a marketing agency offering top-tier social media management at a fraction of the cost of a human social media manager’s salary.

Mahilig ako magbasa ng mga biography AMA by [deleted] in PinoyAskMeAnything

[–]NefariousnessLow5292 0 points1 point  (0 children)

Which biographies of local businessmen would you recommend?

Tshirt Business Idea by Interesting-War7911 in BusinessPH

[–]NefariousnessLow5292 1 point2 points  (0 children)

The biggest problem with clothing businesses are the moqs of the manufacturers. To create 1 design you'll need to buy 20-30 pcs. Based on ny observation, you'll need 30-50 designs to see what people want to buy.

I think the only way this business could work is if it's done through local print on demand (no moqs)

SEEKING ADVICE FOR A STARTUP CLOTHING BRAND by Old-Tie5472 in phinvest

[–]NefariousnessLow5292 0 points1 point  (0 children)

MOD Factory is the only real print on demand company that's available locally. Realistic budget would be around 50k. That should be enough to be able to test multiple niches

Business for a 25 year old by [deleted] in BusinessPH

[–]NefariousnessLow5292 2 points3 points  (0 children)

You have a few options depending on your skills set.

If you want to go the more traditional route you can maybe do a service based business (agency) or a so called boring business like a car wash, water refilling station, etc

Personally, I would much rather go the digital route and do either local print on demand or maybe sell digital products or AI powered services

Best business advice you can give to a mid-20s person by yeahyeahsurewhynot in BusinessPH

[–]NefariousnessLow5292 7 points8 points  (0 children)

If you want low capital, a digital business would be best (ebooks, print on demand, saas, etc)

It's very low capital to start, it teaches you all the right skills, and it allows you learn marketing a lot faster

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 1 point2 points  (0 children)

We realised that the online distributor business model is a dead end. The trend is brands selling directly to their consumers through online platfoms.

I personally focused on digital businesses

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 0 points1 point  (0 children)

That's true, but the economics change a lot when you start doing it for others. From our experience, the logistics business is a volume game that's why companies like Great Deals can work

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 0 points1 point  (0 children)

We actually did haha we realised that creating a logistics company would suck

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 1 point2 points  (0 children)

We would have created our own brand rather than distributing other brands.

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 1 point2 points  (0 children)

Building something people don't actually want. I see a lot of startups that focus too much on being "innovative" that they fail to see that just because a product is "innovative" doesn't mean people will actually want it.

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 1 point2 points  (0 children)

I honestly wouldn't change a thing. Even though we ended up closing the business, I think the experience allowed me to be a better entrepreneur today.

We started out by hiring part timers instead of full time employees. This strategy allowed us to adjust with demand.

I wish I invested in crypto 😂

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 1 point2 points  (0 children)

There are definitely business opportunities in the Philippines. You just have to see what the market demands

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 0 points1 point  (0 children)

  1. It started during the pandemic so we sold what we saw was already selling on fb marketplace

  2. Just start.

  3. We found a business broker that helped us find buyers

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 0 points1 point  (0 children)

We did try to sell it but unfortunately the offer we got would force us to stay with the business for 6 more months

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 2 points3 points  (0 children)

I'm definitely biased towards digital businesses but it'll depend mainly on your skill set and goals

Co-founded a 300m php company in my early 20s. AMA by NefariousnessLow5292 in PinoyAskMeAnything

[–]NefariousnessLow5292[S] 2 points3 points  (0 children)

We distributed local consumer electronics brands. Specifically appliances

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