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Mga Dapat at Hindi Dapat Gawin sa Forex Trading na Dapat Malaman ng Bawat Pilipino

March 11, 2020 By FAQ Leave a Comment

Katulad ng ibang negosyo, may mga maaaring gawin upang maging matagumpay ang iyong mga transaksyon sa forex trading. Isang halimbawa nito ay ang paggamit ng kalakalan ng kopya ng forex Pilipinas sa iyong mga trade. Ito ay isang mabisang paraan upang maging matagumpay ang iyong mga trade.

Subalit, katulad din sa ibang negosyo, mayroon ding mga bagay na dapat at hindi dapat gawin sa industriya ng forex trading. Ito ay impormasyon na mahalaga at dapat alamin, lalo para sa isang baguhan pa lamang sa mundo ng forex trading.

Anu-ano nga ba ang mga dapat at hindi dapat gawin pagdating sa forex trading? Ipagpatuloy ang pagbabasa upang malaman ang mga ito.

Mga Dapat Gawin:

Dapat ikaw ay may nakahandang plano para sa iyong mga trade.

Kung ikaw ay isang baguhan pa lamang, ito’y isang napakaimportanteng hakbang upang maging matagumpay ang iyong mga trade. Ikaw ay dapat handa at may malalim na kaalaman at pagkakaintindi sa industriyang ito dahil ito ang mga haligi ng matagumpay na mga transaksyon sa forex trading.

Maglaan ng panahon upang masusing mapag-aralan ang galaw ng industriya.

Bago ka sumabak sa industriya ay nararapat lamang na pag-aralan nang mabuti ang industriya at kung paano gumagalaw ang merkado. Dahil ang masusing pag-aaral ay kinakailangan upang maiwasan ang mga pagkakamaling magdulot ng pagkalugi.

Bukod dito, kung malalim ang iyong pagkakaintindi sa kung paano gumagana ang merkado ng salapi ay maaari kang bumuo ng mas maayos na estratehiya sa forex trading.

Isang paraan upang maging matagumpay ang iyong mga trade ay ang pag-aaral nang mabuti sa mga kasalukuyang pattern ng forex trading market gamit ang mga chart at iba pa. Ito ay makakatulong sa isang baguhang forex trader upang lalong maintindihan kung paano gumagana ang forex trading market.

Isaisip ang ratio ng maaring kitain at mawala.

Ito ay dapat gawin bago magsimula ng panibagong trade at siguraduhin na ginagawa ang trade sa panahong nagpapakita ng malaking paglaki o pagbaba ang merkado. Ito ay para maiwasan ang pagkalugi at mawalan ng puhunan.

Magkaroon ng malalim na kaalaman sa Fibonacci Analysis.

Ito ay isang bagay na maaaring makatulong sa isang trader, lalo na sa isang baguhan, upang malaman ang tamang panahon kung kailan dapat lumabas at pumasok sa isang trade. Ito ay dahil nakakatulong ito sa paghula sa mga maaaring maging galaw ng merkado.

Gamitin lahat ng maaaring gamitin upang lalong maintindihan ang industriya.

Isang bagay na maaaring gawin ng isang baguhan ay gamitin ng lahat ng bagay na mayroon siya upang lalong mapalalim ang kanyang kaalaman at pagkakaintindi sa industriya ng forex trading. Lalo na’t marami nang mga kurso online na maaaring pasukin upang lalong maintindihan ang industriya ng forex trading.

Mga Hindi Dapat Gawin:

Magmadali sa mga transaksyon.

Ang isang trader, lalo kung baguhan pa lamang, ay dapat iwasan ang pagmamadali sa mga trade dahil ito ay maaaring maging dahilan ng kanyang pagkalugi. Ikaw ay dapat magkaroon ng mahabang pasensya upang maiwasan ang mga pagkakamali na dulot ng pagmamadali.

Paggawa ng desisyon dahil sa pagmamadali para lamang kumita.

Ito ay mahalaga lalo kung ikaw ay baguhan na trader. Hindi ka dapat magmadali sa iyong mga desisyon para lamang kumita dahil maaari ito maging sanhi ng iyong pagkalugi kung mali ang iyong desisyon. Kung ikaw ay hindi pa nakasisigurado sa maaaring maging resulta, huwag mo munang itaya ang iyong puhunan.

Pagsagawa ng trade sa mga oras na patay ang merkado.

Kahit ang merkado ng forex trading ay hindi natutulog, mayroon pa ring mga panahon na ito ay hindi kasing aktibo kaya hangga’t maaari ay iwasan ito dahil ito ay maaaring magdulot ng pagkalugi.

Gamitin nang buo ang deposit, lalo sa simula.

Ito ay dahil ang maliit na paggalaw ng merkado ay maaari nang maging sanhi ng pagkawala ng iyong puhunan. Bilang isang baguhan, laging tandaan na sapat na halaga lamang ang gamitin upang maiwasan ang pagkalugi.

Pagiging sakim at emosyonal sa mga trade.

Ito ay isang malaking bagay na hindi dapat gawin sa industriyang ito. Ang forex trading ay isang negosyo at dapat iwasan maging emosyonal at sakim sa mga transaksyon lalo’t hindi ito isang bagay na inirerekomenda.

Ang pagpasok sa isang trade na mukhang hindi matatag.

Upang maiwasan ang pagkalugi sa forex trading ay dapat maging maingat sa bawat trade na iyong pinapasok. Kung hindi maganda ang ipinapakita sa mga chart ay iwasan muna ang pakikipagtransaksyon.

Konklusyon

Ang forex trading ay isang industriya na kinakailangan ng pag-iingat at masusing pag-aaral upang maiwasan ang pagkalugi at pagkawala ng iyong puhunan. Ang pagsasapuso ng mga nasabing impormasyon tungkol sa forex trading ay maaaring maging susi sa iyong tagumpay sa industriyang ito.

4 Reasons It’s a Good Idea to Take on Government Contracts through PhilGEPS

February 16, 2020 By FAQ Leave a Comment

If you’re the owner of a micro, small, or medium enterprise (MSME), you may find the prospect of bidding for a government contract quite intimidating. Aside from having concerns about possible strict bidding requirements, you might think that the process entails a lot of stress in submitting paperwork and a lot of back-and-forth between yourself and the government agency involved. At the back of your mind, you might also be thinking about whether your cash flow can handle a project of such scale. Indeed, there are a number of things to worry about when entering a business-to-government (B2G) contract for the first time. But partnering with the Philippine government may be one of the best long-term decisions you could ever make for your business. Plus, securing that B2G partnership may no longer be as difficult, confusing, or risky as you’d originally thought.

Thanks to an online portal called the Philippine Government Electronic Procurement System (PhilGEPS), it’s easier for even smaller businesses to bid for contracts with the government. In the past, procurement and bidding processes tended to be circuitous and unclear—and sometimes even downright anomalous.

Thankfully, this culture of inefficiency and corruption was largely upended by passage of Republic Act No. 9184 or the Government Procurement Reform Act (GPRA) in 2003. Among the stipulations in the GPRA was the requirement that all government agencies use PhilGEPS for their procurement processes. Over the years, users of PhilGEPS—comprising both the government and the private sector—have seen the difference for themselves. PhilGEPS is proof of how digital technology can make procurement and bidding more efficient, accessible, and transparent.

In this short guide, we’ll provide some information on how you yourself can use PhilGEPS and what advantages you can expect when you use the platform to conduct a B2G contract bidding. This should help you prepare before finally extending an offer to provide your products and services to the Philippine government.

What Will Registering to PhilGEPS entail? 

MSMEs have the option of registering for either a Free Membership or a Platinum Membership on PhilGEPS. For the Free Membership, you will need to submit your Taxpayer Identification Number (TIN) as well as your Department of Trade and Industry (DTI) license or your Securities and Exchange Commission (SEC) certification. For the Platinum Membership, additional requirements like your Business Permit, an audited financial statement, tax clearance documents, and a membership fee of PHP 5000 are needed. The Platinum Membership will come with a special PhilGEPS certificate that most government procurement contracts require. Though a Platinum Membership entails an additional expense, this type of membership will make it much easier for you to do business with government units, agencies, and offices.

As soon as you make your first bid on PhilGEPS, you should be ready for the possibility that it will be accepted. That, in turn, may require you to have all your resources on hand to fulfill the project. If you don’t have adequate funds to cover the project costs just yet, you may consider getting business financing from First Circle, a private financing firm. A partner like First Circle, which offers accessible credit facilities like invoice financing and purchase order financing—can help you meet your obligations for your first big government contract on PhilGEPS.

The Benefits of Taking on Contracts with PhilGEPS 

There are several key advantages to bidding for contracts on PhilGEPS. Here are four that stand out.

A Learning Opportunity for What Clients in the Philippine Government Need

A first-time user of PhilGEPS will be surprised to see how diverse the opportunities are on the platform. One important feature of the site is its catalogue of available bidding opportunities. These can be for supplying automation equipment, beverages, book publications, government vehicles, and a whole host of other things. The site will list down the exact number of opportunities available per category and which agency, regional office, or local government unit needs it. As a user, you will be able to browse through all these opportunities and explore the ones that are applicable to your business.

A Streamlined Bidding Process

With PhilGEPS, there are few ambiguities as to what each B2G contract will entail. Each opening will list the exact budget of the project, the documents required from each bidder, and the contact details of the government officer in charge. There will be no back-and-forth about basic project details, and there will be transparency in accounting for every peso to be spent on the project. All you need to do is view the opening, submit the documents, wait for the bidding results, and—if everything is in your favor—fulfill the contract.

Gateway to Lucrative Business with the Philippine Government

Government contracts are among the most lucrative contracts a small business owner can secure. Unlike many private businesses, the government has a consistent budget allowance for the services it needs. If the contract pulls through and your partner agency is pleased with your services, you might be able to bid again based on a cross-referral. Taking on additional contracts from other departments, bureaus, and attached offices in the government agency will definitely help you upscale your company’s professional abilities. 

Credibility for Your Brand

By virtue of registering to PhilGEPS, you’ll be showcasing yourself to clients of high value. This communicates your confidence that you can fulfill important projects under strict requirements. Even before they accept your bid, your government clients will have a positive view of your company. And for every completed contract, you’ll gain a standout credential in your company’s portfolio. Thus, registering to PhilGEPS is one of the best ways that you can accumulate credibility and prestige for your company or brand.

Summary

Procurement and bidding are vital processes to the Philippine government since they are essential to the fulfillment of each agency’s regular public duties. Indeed, a B2G contract may be a profitable opportunity for your company; however, it is also a chance for you to work with people who, in turn, work for the betterment of the country.

5 Best Online Shopping Websites in the Philippines

December 23, 2019 By FAQ Leave a Comment

When it comes to convenience, online shopping is the best way to get your desired products at your doorstep. The Philippines has been growing rapidly in the e-commerce sector due to which the sales from online stores are also increasing simultaneously. One of the biggest reasons for this is that the latest fashion trends are inspiring individuals including men and women to express themselves more openly in society. Experiencing high growth, Philippines has a digital population of more than 67 million that attracts local and regional companies who compete against a leading company in the whole market. However, in the upcoming years, the e-commerce market is expected to grow with higher double digits. Excessive usage of smartphones, exposure to latest fashion trends, and easy internet access have played a very important role in emerging sector of online shopping.

With the facts stated above, we are sure that you would also want to explore this new world of exposed digital marketing. Consider starting to shop from the best online shopping websites for a wholesome shopping experience from these 5 online stores in the Philippines.

1. Zalora

The international-based shopping website, Zalora is one of the topmost leading websites in Asia, South America, and Russia. With over 30,000 products available and hundreds of new products being added every week, Zalora is an ambitious and constantly evolving shopping website for fashion lovers. You are provided ample choices and latest trends to keep up with the ongoing styles. Not only quality and options are available on Zalora but great prices and deals are regularly updated for the customers to shop. Apply Zalora promo code when you shop so that you can, you can avail maximum discounts on your online orders and shop with satisfaction.

2. Lazada

From auto-motives, fashion, home necessities to appliances, you can find it all on Lazada. With best services for the customers in the Philippines, it is making a dynamic change in the shopping habits of the people in the country. The store has over 1 million authentic sellers and 3k trusted brands serving millions of customers in the country through its marketplace online platform. You can flexibly shop, sell, and clear all your queries related to the online retailing system of the website. Lazada aims to reach every individual’s contentment via providing fine quality goods and services at budget-friendly prices.

3. Shopee

Another trusted shopping website in the Philippines is Shopee. The store is one of the top 5 online stores in the Philippines. It offers the same services as of other stores but the unique feature of this store includes monthly sales that people end-up staying awake all night just to catch their exclusive deals and offers. You can also apply Shopee voucher code to get discounts on products even without special deal days.

4. Metro Deal

Metro deal is an ideal platform to discover best deals for mostly searched services like restaurant buffets, entertainment deals, and many other activities. Purchase vouchers of your favorite and desired deals from the website to enjoy the day at amazing prices. The simple payment methods, user-friendly experience, and variety of options make this website a one-destination savior for all the services and facilities. The deals are regulated and updated daily so you can’t afford to miss out on what the website has to offer.

5. Carousell Philippines

This market place is best for selling and buying new and pre-owned items at great prices. Now merged with the previously known website OLX, many Filipinos choose this website to shop and sell pre-owned items. Categories like cars, home & furniture, fashion and much more are available on Carousell Philippines. Choose this website for a trading platform or hunting jobs and services and you will not be disappointed by the convenient online services it stores for your shopping and selling comfort.

 As much as the world loves shopping, the easiest way of shopping is to shop online. As the evolution of shopping practices has started from bazaars, markets, to malls and now online, we can get literally anything at the tap of our fingertip. Avoid the monotonous and tiring process of shopping by standing in queues and walking crowd and opt online shopping for super comfort and relaxation.

5 Benefits a Cloud Accounting System Can Deliver

December 12, 2019 By FAQ Leave a Comment

If you’ve been shopping around for an ERP (enterprise resource planning) or accounting system in the Philippines, you’ve probably encountered arguments for and against newer cloud-based systems that have become standard during the past decade. Not everyone is quite on board with the idea, though.

ERP and accounting systems can be tough to upgrade due to the potential cost of migrating data and the downtime that may happen when the organization readjusts to the new system. This can make many businesses resistant to the idea of upgrading. But upgrading to a newer cloud-based system is still recommended for most users for a number of reasons.

Here are some of the proven benefits of switching to a cloud-based ERP or accounting system.

1. Resilience to natural disasters

The Philippines is no stranger to earthquakes, floods, and typhoons. While these events are mercifully rare, when they do happen, data loss due to catastrophic hardware damage isn’t too uncommon. More common than losing hardware directly to these events however, is losing them due to power fluctuations caused by these disasters. In either case, having your data on the cloud ensures that it’s safe from any single catastrophe.

2. Reduced risk of cyberattacks

Counterintuitively, cloud-based accounting systems are safer from cyberattacks compared to traditional local area networks. Granted, if all your data is on one single offline computer, that would make it theoretically immune from cyberattacks. On the other hand, most organizations recognize the impracticality of still using physical media to transport data to a separate device in the 2020s.

Local area networks aren’t much safer either, as it’s known that the majority of cyberattacks tend to perpetuated by people within the organization. Outside attackers also tend to find older systems much easier to access compared to newer ones as well. With a modern cloud-based system, cybersecurity is a top priority, and the developer will likely be creating regular updates, which means outside hackers will find it harder to breach compared to an older system.

3. Scalability

An accounting system should be able to easily expand along with your company. Many older systems are limited in their ability to do this, being unable to offer the right kind of functionality to keep up with a growing organization’s needs. Cloud-based systems, on the other hand, are almost always conceptually designed from the ground up to be as scalable as you need them to be.

4. Flexibility

The main advertised benefit of cloud-based systems is their flexibility. Users can access the systems at home or on vacation, which allows the organization more options when it comes to employee arrangements. It can also save time as employees no longer need to be tied to any one physical location to be able to use or access the system.

5. Lower IT costs

The cost of maintaining local servers can be quite high. In the Philippine setting where IT teams usually have multiple responsibilities, maintaining these servers is often an unwelcome responsibility on top of everything else the team is meant to perform. This means necessary updates may not always be implemented on time and that system maintenance may cause disruptive downtime.

With a cloud-based system, it is the system developer’s team that is responsible for system maintenance. This usually creates far less downtime time as the developer will have more resources to dedicate to upkeep due to their higher specialization. This means the organization no longer has to dedicate any time or resources to server upgrades and maintenance and its IT team can focus on other more important tasks.

If you’re interested in upgrading to a cloud-based accounting system in the Philippines or learning more about the benefits of switching over to different kinds of ERP systems, the team at ANSI is ready to help with your questions.

8 Tips for Your Upcoming Skype Interview

December 9, 2019 By FAQ Leave a Comment

Skype interviews are now a standard part of many companies’ interview processes, especially within the startup world. While commonly used for initial and second interviews, it’s no longer unusual to hire someone solely based on how well they perform on Skype. 

Here are a few tips for maximizing your chances of at your next video chat interview.

1. Dress like you would for a face-to-face job interview

One might think that this would be obvious because the interviewer could actually see the applicant, but many HR professionals report that they often see applicants wear ultracasual attire or even house clothes on Skype interviews. This can look unprofessional and cause interviewers to see you as unprepared. Be sure to wear interview-appropriate tops as well as bottoms, in case you need to stand up to get something.

2. Make sure your surroundings are not distracting

Try to take the call in a quiet room at home. Secure any noisy or extra-affectionate pets and make sure that family members or housemates won’t be a problem. Try to make sure that there is nothing behind you that can reflect negatively on you in the interview.

3. Try to look at the camera, not the screen

Skype isn’t always as intimate as face-to-face conversations for a few reasons. One reason is most people stare at the screen, which removes eye contact. Usually, everyone tends to look like they’re looking at something behind their conversation partner, rather than at them — even if they are actually doing that from their perspective. Looking directly at the camera will help give the illusion of eye-contact with the interviewer and help humanize you, which can give you an edge in the interview.

4. Prepare a cheat sheet

Based on your prior research, you’ll want to have a list of questions you think will be asked as well what you feel will be the best responses. You may also want to list down a few questions of your own. While this could be on your computer, you may want to have it all on a separate notebook for easier access.

5. Close all distracting apps

Interviewers will sometimes be able to notice if you are browsing Facebook or playing games during the interview. Let’s just say you don’t want most of them finding out if you are. Make sure that you are committed to the interview by closing down all distracting and unimportant applications. 

6. Use a good pair of headphones, if possible

Headphones will allow you to listen to the interviewer more closely and help give you a little bit more privacy during the interview as well. A microphone would also be handy if you already have one lying around.

7. Use a professional username and profile picture

Your Skype profile pic and username are the first things the interviewer will notice about you. If you have a potentially embarrassing username or profile pic, try to update this before you even start sending out job applications.

8. Send a thank-you email

Stand out from all the other applicants by sending a short email thanking the interviewer for the opportunity. It only takes a few minutes to write but it can go a long way into helping your application be a lot more memorable.

Conclusion

While they certainly are more convenient, we shouldn’t necessarily think of video chat interviews as being less formal or important than their traditional face-to-face equivalents. Make sure to do your homework and follow out tips to get the best possible chance at landing that position you’re gunning for.

Ready to look for a new job? Philippines job search website, like Mynimo.com. Mynimo’s powerful but easy-to-understand localization features make it simple to find your next career in locations close to where you already live.

4 Reasons Azimut-Benetti is the Leading Mega Yacht Builder Globally

November 14, 2019 By FAQ Leave a Comment

Established fifty years ago in 1969 by Italian student-turned-entrepreneur Paolo Vitelli, Azimut began as a humble sailing boat charter service before evolving into one of the world’s most renowned boat builders. In 1984, Vitelli acquired the illustrious Benetti brand, which was originally founded in 1873. Thus Azimut-Benetti, as it is known today, was born.

Atlantis 45

The Azimut-Benetti group strives to do one thing: to build beautiful, reliable, and innovative boats. Powerboat Philippines distributor Europa Yachts, the exclusive dealer of Azimut yachts in the country, believes it is high time for Filipino boaters to get to know this brand better.

To that end, here are four reasons that account for Azimut-Benetti’s supremacy in the yachting world, and why it is worth paying attention to its mega-sized ambitions.

They are a multi-awarded boat builder whose reputation continues to grow internationally

Azimut-Benetti possesses many plum distinctions in the yachting world; one need only to drop the company’s name, and it is likely to elicit approbation from yachtsmen who are in the know. One such distinction is Azimut-Benetti’s top ranking as a mega yacht builder in Boat International magazine’s Global Order Book—a position they have held for almost two decades.

At the recently concluded Cannes Yachting Festival of 2019, Azimut-Benetti also clinched the following awards: “Best Interior Design” for the Atlantis 45 (in the category of boats measuring between 45 and 64 feet); “Best Evolution Product” for the Azimut S8; and the enviable “Yacht of the Year” award for a 107-meter giga yacht, the Benetti FB277.

They are the yachting world’s specialists with regard to mega-sized yachts

To Azimut-Benetti, size matters—after all, size gives way to optimum passenger comfort, room to move around, stability at sea, and a sense of luxury that’s akin to staying in a holiday villa or driving one’s own supercar.

In December of 2018, Azimut-Benetti declared their involvement on 97 mega yacht projects, totaling 3,536 meters (or the length of thirty football fields combined). The company’s headquarters alone measures 100,000 square meters in size and can fit as many as 300 68-foot boats.

Like other Italian brands that are known for their craftsmanship, they invest in their art

Italy is a country already famous for its world-renowned companies that produce sought-after sports cars and fashionable clothing. That same brand of Italian artistry can be seen in the design and construction of Azimut-Benetti’s yachts. The company’s men and women place a high value on quality, attention to detail, and commitment to specialization—knowing that all of these are key ingredients in creating vessels of exceptionally high caliber.

They are the yachting industry’s chief innovators for specialty materials like carbon fiber

Lastly, one of Azimut-Benetti’s greatest strengths is its ability to capitalize on new boatbuilding technologies faster than everyone else. The company is now very much ahead of its competitors in working with carbon fiber, a lightweight but valuable material that’s improved the speed, weight distribution, and stability on their large powerboats.

Azimut-Benetti outdoes other boat builders in leveraging carbon fiber for spacious deck design, speedy boat travel, and above all, pleasurable riding. In fact, ten of Azimut-Benetti’s yachts measuring between 66 feet and 114 feet now incorporate honeycomb-patterned carbon fiber in their flybridges, hardtops, transoms, and other parts.

After earning numerous distinctions and earning worldwide revenues of upwards of USD 700 million, Azimut-Benetti is far from slowing down. Boating enthusiasts everywhere can expect the company to keep making waves on the world stage and to deliver that same award-winning experience to any new powerboat owner!

Why Is Buying a Repossessed Car a Good Move?

July 30, 2019 By FAQ Leave a Comment

In the market for a car and looking to get the most value out of your hard-earned money? Most people tend to think that buying new is the best option, but you can save a good amount of cash by looking at pre-owned cars. If you do the research diligently and aren’t afraid of asking the seller some tough questions, you could get a relatively good deal on something perfectly respectable. Another way of saving on a car purchase is by looking at bank-repossessed cars—these are vehicles that have been taken back by banks because their owners can no longer afford the monthly payments, or cars that have been used as collateral for a different loan that a debtor is no longer able to repay. In any case, buying a repossessed car can be one of the smartest financial choices you’ll ever make. Let’s break down the reasons why:

Repossessed Cars Are Cheaper

Banks typically aren’t looking to turn a profit when they sell cars that have been repossessed. They still have to pay for storage and maintenance costs, and cars sitting idle in a lot are not only useless to them, they also tend to cost the bank extra for keeping them around. As a result of this, you can get a car in like-new or even practically brand-new condition at a discount of 20 to 40%: that can be up to 200,000 pesos or more in savings. The down payment for repossessed units is also much lower than when buying new; a car’s value begins to depreciate almost as soon as it leaves the dealership and will only go lower over time. You’ll still have to pay a down payment of 20 to 30%, but since the car is already cheaper, you won’t have to shell out as much.

Hassle-Free Payment Options

One of the most frustrating things about buying a new car is the sheer amount of paperwork involved before you can drive away with it. Banks know that they lose more money the longer it takes for a repossessed unit to sell, so they cut through the complications and typically offer you the choice of paying for one with cash up front, or enrolling it into an auto loan program. Going with cash means that you won’t have to pay interest over time, but it can be a huge chunk of money to put down all in one go. Auto loans take the pressure off by allowing you to make incremental monthly payments on the car instead, which can be easier on you. Whichever option fits your budget best, it’s nice to be able to take the vehicle home without having to read through too many documents. 

Safe and Secure Transactions

When buying a repossessed unit from a bank, you can rest easy knowing that the vehicle was not acquired illegally, and all of its papers and certifications are in good order. You’ll never have to worry about being defrauded, and you can be assured that your payments will always be safe.

Used but Not Abused

When a car seller puts his vehicle on the market, it’s usually because he’s already gotten himself a new one. Most vehicle owners tend to hold off on replacing their cars if they can continue to put up with its issues; the bottom line is that you never really know what condition the car is actually in until you’ve driven it for a while and discovered its problems, and by then it’s usually too late. On the other hand, repossessed cars go to the banks because their previous owners are no longer able to keep them, which means that most of them haven’t been ridden to death or neglected for too long. Of course, you should be a conscientious buyer and check for signs of flooding, accidental damage, or anything that might give you cause to believe that the vehicle is in poorer shape than advertised. Banks typically auction out newer models and have proof of the car’s mileage though, so you could get a car that’s in excellent shape and was released fairly recently for a fraction of the cost of buying from a dealer.

Summary

Buying a repossessed car isn’t without its risks, but if you know what to look for and are willing to put in the legwork, you could drive home with one that you can be proud of. Keep an open mind but arm yourself with as much information as possible, and don’t be afraid to ask questions before reaching for your wallet. Before long, you’ll be driving the car of your dreams.

Profitable Business Ideas in the Philippines in 2019

February 14, 2019 By FAQ Leave a Comment

The year of the Earth Pig is here and it signals the beginning of new and brighter opportunities for the months to come. If you are one of the many Filipinos who believe that they will be among the lucky individuals who will enjoy the benefits of fortune this year, starting a business should be first in your list. However, you have to keep in mind that aside from luck, there are other factors that you should take into consideration before you fully reap the rewards of your first entrepreneurial efforts.

For starters, you need to start with the most important question of all: thinking of a great business idea. While this sounds so simple, it sometimes gets complicated especially if you start to fully realize the bigger picture. Indeed, starting a new business in the Philippines can be challenging but it doesn’t mean you have to give up this early. Additionally, you don’t have to worry about securing a big capital. In fact, would you believe that with just PHP 1,000, you can start your own business? How?

Let this article help you take the first steps.

These are the profitable business ideas in the Philippines in 2019 that you should include in your list.

1. Home-made Desserts Business

Estimated Capital: PHP 500-1,000

This business idea for home-based entrepreneurs has started to rise in popularity since 2018 and this New Year also promises better opportunities for this entrepreneurial venture. Stay-at-home moms, single mothers, and even full-time office workers find this business idea an ideal way to earn extra cash. The great thing about a home-made desserts business is that acquiring a capital won’t be a problem.

Mango float (frozen mango cake), no-bake chocolate cakes, coffee jelly, home-made ice cream, and other desserts like Filipino favorite leche flan are the most in-demand desserts these days. Aside from the fact that they are easy to make, its ingredients are affordable and can be bought at your local supermarkets.

2. Online Beauty Products Business

Estimated Capital: PHP 1,000-5,000

The needed capital for this business idea will depend on the type of beauty products that you are going to sell. This business is ideal for people living in the city as well as for mom-entrepreneurs who live in the provinces. Why is this included in the list? For one, beauty products such as cosmetics, beauty bars, whitening, and skin moisturizing products, are in-demand for many working Filipinas and students who make sure that they always look great. Additionally, these products are consumable, ensuring repeat customers and regular flow of income.

The only challenging part about this business idea is about which type of product you’re going to choose. Seasoned online sellers suggest that you should sell products that you have actually used or you will most likely to use. This adds credibility to your online shop and also helps your customers trust the efficiency of what you are selling. In other words, never sell a product that you, yourself, don’t even want to try.

3. Online and Offline Fashion Apparel Business

Estimated Capital: PHP 3,000-5,000

Just like beauty products, online fashion stores are a hit for today’s Filipino sellers. Many people in the country want to express themselves through fashion, but most of them can also be very practical. That is, they won’t easily buy fashion items especially if it’s not affordable. So what’s the best thing to do if you want to be an online or offline fashion apparel seller? Source your items from the direct supplier.

If you are near Manila, Taytay in Rizal is the place to go. Many fashion sellers know too well that direct suppliers display their goods weekly in a tiange (bazaar) near Taytay’s local market. Here, prices can go as low as PHP 60 per item, with bigger discounts for bigger orders. Fashionable tops of different designs, pants, dresses, and even locally-crafted footwear can be found in this affordable fashion haven.

Online social media sites can help you easily market your products especially for customers within your area. Consider these two marketing tips: one, join Buy and Sell Facebook groups and regularly posts your products there. Two, post your products on a public Facebook account. However, remember not to underestimate the power of word-of-mouth advertising. Be a good seller, gather positive reviews, and success will make its way to you just like that

4. Healthy Meal Plan/ Meal Delivery

Estimated Capital: PHP 5,000- PHP 15,000

Healthy meal plans and packed lunch products are in-demand right now, especially among millennial workers who either don’t have the resources to cook their own meals or they just don’t have the time to prepare them. In many business centers in Metro Manila like Makati, Ortigas, and BGC, professionals rely on ready-to-eat lunch boxes or even pre-planned meals for their everyday food allowances.

The basic meals can be as simple as one cup of rice with a side and the main dish (pork, fish, and vegetables), and most sellers price them at PHP 60- PHP 70. Pre-planned meals cater to the health-conscious markets, allowing them to eat meals according to their specific dietary requirements. The former is perhaps easier and less demanding in manpower and in the capital while the latter requires knowledge in diet and nutrition. Additionally, a bigger operation will require more paper works and permits.

5. Blogging and Online Website Business

Estimated Capital: PHP 5,000 – PHP 10,000

Yes, you can earn from creating a blog and fully developing it into a website. If you are internet savvy and enjoy writing, these two skills can help you be good at this business. Additionally, a simple knowledge in search engine optimization and Google Analytics can go a long way. While it’s essential to learn all these, don’t be intimidated by the unknown world of blogging.

For as low as PHP 5,000, you can create and own your website, and additional effort to work on your page’s content can help you steadily develop it into a fully-earning business idea. In fact, many online entrepreneurs consider blogging as a steady source of passive income. So what should you do to get started? First, choose a particular niche or topic that you want to focus on. Many successful earning blogs are travel blogs, fashion websites, food and cooking, beauty, and even business sites.

Make your content as informative as possible, and don’t forget to keep learning. Read and read as much as you can and you’ll be an expert in no time.

6. Airbnb Hosting/ Rental

Estimated Cost: PHP 0 – an undetermined amount

Do you live in a tourist town or in a place that has access to the Philippines’ best travel destinations? Do you have a property (house, room, real estate) that you don’t use? If both answered “yes” to these questions, then this business idea if perfect for you.

Many Filipinos young and old have started venturing into the outdoors, exploring travel sites and destinations in every corner of the country. While they are willing to spend money on experiences, many travelers always make a practical choice to opt for a reasonably-priced accommodation-and this is where Airbnb comes into the picture.

Airbnb is an online directory for properties (condo units, house, rooms) that travelers can rent out at a much cheaper price compared to booking a hotel. The website is pretty popular among local and foreign travelers so many Airbnb hosts (owners of the properties for rent) just have to wait for a booking, confirm it, and earn.

7. Computer and Smartphone Repair Business

Computers, laptops, and smartphones are expected to require considerable servicing, repair, and maintenance, as people have become increasingly dependent on technology. This small business idea can assure you a steady stream of clients who can’t last a day without their computers or smartphones.

Hopefully, these business ideas will help you get started on your entrepreneurial ventures. Good luck and have a lucky new year!

Black Friday in the Philippines

October 13, 2018 By FAQ Leave a Comment

Black Friday is the biggest sale event of the year, during which online stores from all over the world provide up to 90% discounts. Black Friday, known previously only in the States, has gained a truly worldwide popularity within just a few years.  Black-Friday.Global Analysis Team has been closely following this trend for the past several years. In the Philippines – 73% of respondents made it clear that they do know what Black Friday is. The survey suggests that over half of Filipinos will participate in Black Friday this year (over a double increase compared to 2017).

Unsurprisingly, Philippine consumers were buying more actively than usual too. Average Filipino bargain hunter is willing to pay PHP 2800 ($59) in total for his/her Black Friday shopping cart. That is $18 more than Malaysian consumers, and $21 less than Indonesians.

Every year, the world press feeds us with dozens of photos of crowds besieging electronics stores. Surprisingly though, the results of our survey state that clothes, not electronics, are the actual apple of bargain hunters’ eye. Consumer electronics category came second in our ranking. On the other side of the scale books, sports accessories and underwear were the least popular items to buy. When it comes to the most popular shops Shopee, Lazada and Zalora took the three top spots.

Black Friday is well known for its discounts reaching as high as 80-90%. As the average discount in the Philippines online stores reached 61% last year, when forecasting Filipinos’ Black Friday 2018 expenses, it could translate into PHP 4386 of possible average saving.

Black Friday by the Numbers:

  • This year the Black Friday is November 23;

  • 73% of Filipinos know what Black Friday is;

  • Almost 55% of Filipinos will participate in Black Friday this year (double increase compared to 2017);

  • Average Filipino will spend PHP 2800 on Black Friday;

  • 40% of consumers will shop online only;

  • Traditional offline-only option will be chosen by 4% of consumers (last year—15%);

  • The average discount in Filipino online stores reached 61% last year;

  • It could translate into PHP 4286 of possible average savings;

  • Clothes, electronics and shoes are the most popular items to buy.

How to be prepared for Black Friday?

  • First, postpone your biggest fall/winter buys to November – this way you can save hundreds of peso!
  • Do your research on the prices of the products you want to purchase prior to Black Friday so you know exactly how much you are saving!
  • A few days before Black Friday, check out the announcements of Black Friday deals;
  • When the Black Friday sales start, do not waste your time, ‘cause the highest discounts and the best prices are only valid for a short period of time!

Top 10 Richest Cities in the Philippines

June 10, 2018 By FAQ Leave a Comment

As an emerging developing country in Asia, the Philippines has been showing its business competencies for the past few years. This can be seen by looking into its wealthiest cities. Consisting of 145 cities, below are the Philippine top ten cities owning the biggest amount of economic assets as of 2017.

1. Makati City (PHP 34,461 billion)

Makati’s role as the country’s business center is undeniable. The reason for this is clear: there are a lot of international, regional and local corporations and offices of significance in the city. In fact, the number of business corporations in the city has been known to be the highest in the country.

Due to the lure of the city, its population reaches over 500,000 people, which puts the city in the 17th position in the nationwide biggest city category.

2. Quezon City (PHP 31, 917 billion)

On the second place is Quezon City, which used to be the capital of the country during the period of 1948 until 1976. Home to the most prestigious universities in the country, University of the Philippines Diliman and Ateneo de Manila, and key government offices, such as the Batasang Pambansa Complex, the city is known to cater a wide range business endeavours.

Its most recent business district is Triangle Park, which lies on 250 ha area. The place is divided into Commons, Downtown Hub, Emporium, Residences at Veterans and Triangle Exchange. This adds to the city’s popular money making areas: Eastwood City with its business district, Araneta Center with its shopping malls and other commercial centers, Tomas Morato and Timog Avenues with their rows of restaurants and entertainment.

In addition, the main Philippine broadcasting networks, like RPN, UNTV, and GMA Network, are headquartered in Quezon City.

3. Pasig City (PHP 20,036 billion)

Pasig has a renowned business area called the Ortigas Center, where prominent business headquarters, like Meralco and San Miguel, are located. There are also Kapitolyo, Capitol Commons, St. Francis Square, Tiendesitas known to be the food and shopping centers of the city, Metrowalk as the city leasure hub, as well as Mutya ng Pasig, a three storey public market.

The city also used to hold the Guinness World Record for the largest secondary school in the world, with a population of around 20,000 students in Rizal High School from 1993 until 2005.

4. Manila City (PHP 13,131 billion)

Initially named the Spanish City of Manila by the founder, Miguel Lopez de Legazpi, in 1571, the city functioned as home to many colonial rulers. No wonder, a lot of historical sites from the 16th century can be found in the city.

Recently listed as a global city by Globalization and World Cities Research Network, Manila is reputed to be one top business and tourism center in the Philippines. With its large business coverage (banking, finances, real estate, etc), the city lures people to come. In fact, Manila is one of the world’s most crowded city with a population of around 1,7 million (based on 2016 census data).

5. Zamboanga City (PHP 10,464 billion)

Known as the Sardines Capital, Zamboanga City is home to major sardine factories in the Philippines. That is indeed one of the reasons that makes it the center of business in Zamboanga Peninsula Region.

Other reasons include the presence of big corporations, such as Beauche International and Globe Telecom, and the local government policy that simplifies bureaucracy and attracts more investment in the city business.

6. Cebu (PHP 7,885 billion)

Located in Visayas region, this city holds an important role in the area. In its main business district, Cebu Business Park, are big corporations, such as Cathay Pacific, Innove Communications, Jinisys Software, as well as financial offices and banks, like Citibank, Chinatrust, Asia United Bank, and HSBC.

Not only is it the city of commerce, but it is also a modern city with premium residential complex, the Alcoves and Avalon Condo Cebu, and a big shopping mall, Ayala Center Cebu.

7. Caloocan City (PHP 6,894 billion)

This former part of Rizal province has been striving to create conducive environment for investors and provide more job opportunities for its citizens. As a highly urbanized city, Caloocan is equipped with numberous banks and shopping centers, such as Victory Central Mall, Puregold Maypajo and Puregold Monumento.

8. Marikina City (PHP 4,887 billion)

This city is divided into two: the southern part is mostly for business establishments, while the northern for factories. Widely recognized as one of the country’s shoe capital, leather shoe industries are the dominant businesses in the city.

9. Calamba City (PHP 4,690 billion)

Blessed with lots of hot springs, resorts equipped with the natural hot water facility can be found all around the city. For that reason, Calamba is known to be the country’s resort capital. The City is known as the Resort Capital of the Philippines because of its numerous hot spring resorts. It is also the hometown of the Philippine National Hero, Jose Rizal.

10. Cagayan de Oro (PHP 4,670 billion)

Located in the northern part of Mindanao, this city is the business center in the area. One of the most well known businesses there is related to tourism: services that provide rafting or kayaking adventures.

There you have it! The lists above are just some of the richest cities in the Philippines. I hope you gained knowledge from this article.

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