Sa Panahon ngayun, hindi sapat na iisa lang ang Source of Income mo. You better have an Alternative or Support just in case. Hindi mo malalaman if hanggang kelan magtatagal ang Company mo if empleyado ka. At kailangan na ang pera ang pagtatrabahuhin mo sa halip na ikaw. “Let Your Money Work For You”. Solution? Either maghanap ka ng Investment or Magtayo ka nang sarili mong Business.
Our topic for today is about Business. Ang tanong, What kind of business ang gusto mo at patok sa iyo, kung saan magiging profitable ang income. TRADITIONAL ba? or ONLINE BUSINESS?
Kapag may Business ka, isa itong napakalaking Opportunity para ma-Achieve mo ang Pangarap mo. Mababayadan mo ang mga Utang mo if meron man. Mabibili mo na ang mga gusto mong bilihin. Magkakaroon ka na ng more time sa Family mo (Kasi nga ikaw ang Boss of your Businesss), at isa pa makakapag Travel ka pa sa mga gusto mong lugar (Time Freedom).
Let’s Dig In! Shall we?
Traditional Vs. Online Business Diffrences
Workplace
Outsourcing
Inventory
Customer
Scalability
Distribution
Cost
Profit Margins
WORKPLACE
Traditional. Isa sa mga dapat isa alang-alang para makapag umpisa ng business ay ang Workplace. Traditional businesses need office Space. Saan lugar mo itatayo ang business mo? This means that you need to own or lease a place. Depende sa type of Business mo, maaaring isang Kwarto, Palapag o isang buong Gusali.
Online. Ang Online business ay walang pinipiling lugar, puwede itong gawin kahit saan. Salamat sa INTERNET. Ang Workplace mo ay maaaring sa Bahay, sa School, or kaya naman sa Iyong Bahay Bakasyunan. There is no need to lease any space. The only “space” na aalalahanin mo ay kung saan ka pupunta, basta may Internet.
OUTSOURCING
Traditional. You need to hire employees when you have a traditional business. Ata ng dahilan kung bakit kailangan mo ng Manpower dito ay upang sila ang magiging systema mo, mula sa preparation, maintenance, sales team, delivery at higit sa lahat sa Inventory.
Online. Maaring ma-outsource all work using Software. Ang mga Online Business ay gumagamit nito to effectively leverage the internet by leaving work to automation software na siyang bahala to takes care of content creation, management, publishing, etc.
INVENTORY
Traditional. Kalimitan sa mga traditional business are within the physical world. At ibig sabihin, marami ay physical products na kumakain ng space at lugar. Kailangan mo pa ng Warehouses or kahit anong type of Physical Storage to keep your Physical products.
Online. While most Online businesses sell Digital Products, wala nang dapat ipag-alala sa Inventory Space. Dahil kagandahan sa Digital Product ay puwede mong ibenta ng paulit-ulit, walang Expiration, at saka puwede mong i-produce ng kahit ilang copies. Walang hassle sa Inventory, or patong patong na kahon sa warehouse. Every “space” is taken cared by cloud services or sa hard drive ng desktop / laptop.
COST
Traditional. According to phillipinesinsider.com, it costs about P50,000 to start a decent Sari-sari Store. But if the Sari-sari store itself is not yet constructed, a capital of P70,000 to P100,000 could be realistic. Kasama na diyan ang varieties ng laman ng tindahan mo.
Online. Online businesses do not cover huge overhead expenses dahil sa pagka Digital nature niya. The cost to distribute products are greatly reduced. So, you can start as low as P2,990 for an Online Business Package (Free Use of Website, Digital Products, Sales team, and Automated System).
DISTRIBUTION
Traditional. Since most traditional business offer physical products, there are offline costs to deliver to customers. Ang masama pa nito, na -traffic ka na on the way, “No Show” pa ang customer mo. Shipping physically to a customer takes time as well as money.
Online. In Online businesses, a product or service can be delivered within minutes or seconds. This greatly reduces distribution costs, in which most methods are free and done with Internet (online shipping).
CUSTOMER
Traditional Businesses may only cater to those within your Area. Example is a Restaurant in a city cannot reach the other customers from another city unless it builds another restaurant there or the customer comes to them.
Online Businesses have a worldwide Audience. They can target any specific Audience not only within the business’ immediate surroundings but also from other side of the world.
PROFIT MARGIN
Traditional. With high cost and limited customer reach, expect to have a lower profit margins.
Online. With low costs and higher customer reach, having an online business is guaranteed to give you a higher profit margin.
SCALABILITY
Traditional. On the other hand, scaling up a traditional business may take some work. This means that you need to increase your profits so you can reinvest in marketing your brand to a wider audience.
Online. It is easier to scale up an online business. Your profits can be reinvested through Social Influencers, Facebook Ads, Youtube Channel, Upgrading database limits, etc.
Okay! I hope may natutunan ka sa Article na ito and makapag decide ka na mag tayo ng sarili mong “Business”.
Thank you for reading my blog today. If you want to Learn more About Affiliate Marketing, Start your Online Business and Managing your Own Website with Blog Features. Don't hesitate to Contact me. Let's Start Helping and Inspiring Others.
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